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Forex Made Millionaire Thread for Blog Swing Trades

  • #781
  • Feb 16, 2016 5:11pm Feb 16, 2016 5:11pm
Quoting Geppy
{quote} Yes, that's the other option. Interesting that you find GBP/JPY preferable as a relatively new trader. The pair is quite wild and many traders stay away from it because, as you've seen, it can swing 100-200 pips very fast. So a lot of people find it easier to trade the USD-based pairs.
I find it pretty exciting and rewarding. A lot better than something taking hours to crawl to the point of proving me wrong. lol

EURGBP would be my second favorite.
  • #782
  • Feb 16, 2016 5:12pm Feb 16, 2016 5:12pm
Entered short@16330
  • #783
  • Feb 16, 2016 5:16pm Feb 16, 2016 5:16pm
Quoting RadboneFX
Entered short@16330
Welcome to the party, brother!
check out my blog: forexmademillionaire dot com
  • #785
  • Feb 16, 2016 5:16pm Feb 16, 2016 5:16pm
Quoting Geppy
{quote} Hahaha, good to see you krismitt! Looking good, my man! I'd throw a stop on that GBP/USD trade and let it ride. GBP/JPY looks good... I think your newly added shorts will work out alright. I dig the USD/JPY short and think it's just a matter of time before it rolls over. A big tell today IMO was USD/JPY unable to follow the US equity rally higher. One thing to be careful of... you're trading USD/JPY, GBP/USD, and GBP/JPY. If you've got positions in the first two, there's really no reason to be in GBP/JPY. You're essentially taking the exact...
Sweet; will be keeping my eye on this.

Cheers.
  • #786
  • Feb 16, 2016 5:18pm Feb 16, 2016 5:18pm
Quoting rufusajayi
Hidden
OOPS lol
  • #788
  • Feb 16, 2016 5:19pm Feb 16, 2016 5:19pm
Quoting Geppy
{quote} Welcome to the party, brother!
Thanks!. TP @ 16280 as there seems to be some resistance there, although I will be moving my stop loss to lock in profit. Lets see how it goes.
  • #789
  • Feb 16, 2016 5:22pm Feb 16, 2016 5:22pm
Quoting Rurozan
{quote} Or if you've got positions in the latter you don't need the first two, right? Take out the middleman and just trade GBPJPY. Really though, I've struggled to read nearly every USD pair I've tried to trade and get burned more often than not. GJ has actually provided me with such painless trades in comparison, it's great. But I've only been trading for 5 months so I have plenty more to learn.
Ten points Rurozan. I'd rather be trading GBPJPY!

Cheers.
  • #790
  • Feb 16, 2016 5:28pm Feb 16, 2016 5:28pm
Quoting RadboneFX
{quote} Thanks!. TP @ 16280 as there seems to be some resistance there, although I will be moving my stop loss to lock in profit. Lets see how it goes.
Oh my friend, if that's all you're targeting you belong in another thread. We go for multiple 100's of pips in this thread!
check out my blog: forexmademillionaire dot com
  • #791
  • Feb 16, 2016 5:32pm Feb 16, 2016 5:32pm
Quoting Geppy
{quote} Oh my friend, if that's all you're targeting you belong in another thread. We go for multiple 100's of pips in this thread!
I'll take that haha. Does Thursdays low of 15981 sound like a more reasonable target?
  • #792
  • Feb 16, 2016 5:33pm Feb 16, 2016 5:33pm
Quoting RadboneFX
{quote} I'll take that haha. Does Thursdays low of 15981 sound like a more reasonable target?
No! Stop being so conservative!
check out my blog: forexmademillionaire dot com
  • #793
  • Feb 16, 2016 5:38pm Feb 16, 2016 5:38pm
Quoting Geppy
{quote} No! Stop being so conservative!
This is my first swing trade, so be gentle I'm used to scalping, but I'm not very good at it! So I'm slightly nervous. 'm off to look at the chart again and look at the wider picture to work out support levels.
  • #794
  • Feb 16, 2016 5:41pm Feb 16, 2016 5:41pm
Quoting RadboneFX
{quote} This is my first swing trade, so be gentle I'm used to scalping, but I'm not very good at it! So I'm slightly nervous. 'm off to look at the chart again and look at the wider picture to work out support levels.
Start here with my weekly update: http://www.forexmademillionaire.com/...ook-2-14-2016/

I do that every week to give us all something to start with, analyze, talk about, and focus on for the week ahead. I outline some targets there that we're probably still looking at.

Then drill back 10-15 pages or just find the start of this week's posts in this thread and read through until now. That will give you a better idea of what we're looking at here and now.
check out my blog: forexmademillionaire dot com
  • #795
  • Feb 16, 2016 6:01pm Feb 16, 2016 6:01pm
Tokyo opening soon hoping for a spike for more dragon scaling in positions
  • #796
  • Feb 16, 2016 6:02pm Feb 16, 2016 6:02pm
Quoting Pip-Miner
Tokyo opening soon hoping for a spike for more dragon scaling in positions
haha, someone is antsy!

Can't say I blame you but I try to taper my excitement for Tokyo. It tends to be hit or miss (usually the latter).
check out my blog: forexmademillionaire dot com
  • #797
  • Feb 16, 2016 6:38pm Feb 16, 2016 6:38pm
Great discourse everyone. Smart, informative and fun.
We'll done Geppy.
I want in on the Keg party FSU!
Been out this week. Just shorted at 163.33..
Maybe shorting again soon at a higher point: 163.5+?
  • #798
  • Feb 16, 2016 6:42pm Feb 16, 2016 6:42pm
Quoting wtmckee
Great discourse everyone. Smart, informative and fun. We'll done Geppy. I want in on the Keg party FSU! Been out this week. Just shorted at 163.33.. Maybe shorting again soon at a higher point: 163.5+?
Nice man, welcome back and welcome to the short party! I dig selling more into any extended moves higher.
check out my blog: forexmademillionaire dot com
  • #799
  • Feb 16, 2016 6:49pm Feb 16, 2016 6:49pm
We should run a challenge who gets highest spike my money is on the major news gbp euro session
  • #800
  • Feb 16, 2016 6:51pm Feb 16, 2016 6:51pm
Quoting wtmckee
Great discourse everyone. Smart, informative and fun. We'll done Geppy. I want in on the Keg party FSU! Been out this week. Just shorted at 163.33.. Maybe shorting again soon at a higher point: 163.5+?
All are welcome whenever I have that party. Here is what im seeing on my chart guys. A lot of pressure up top for starters. Price is trying to break through my 23.6 fib, but as you can see there is also a 38.2 fib plus the 100ma. These seem to be acting as nice resistance for the moment. I'm holding my shorts..
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