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Forex Made Millionaire Thread for Blog Swing Trades

  • #821
  • Feb 16, 2016 10:29pm Feb 16, 2016 10:29pm
Well, we just broke the day's previous lows... barely. Lookin' good for us though.
check out my blog: forexmademillionaire dot com
  • #822
  • Feb 16, 2016 10:31pm Feb 16, 2016 10:31pm
Quoting Geppy
Well, we just broke the day's previous lows... barely. Lookin' good for us though.
you nailed it with that add on this morning well done , I need to improve in that department
  • #823
  • Feb 16, 2016 10:49pm Feb 16, 2016 10:49pm
Quoting Pip-Miner
{quote} you nailed it with that add on this morning well done , I need to improve in that department
The nice things about adding is you don't need to be super accurate with it as long as you don't add too much too fast!
check out my blog: forexmademillionaire dot com
  • #824
  • Feb 16, 2016 11:25pm Feb 16, 2016 11:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 22 KB

sell GBP/USD on break of the support,what do you guys think
  • #825
  • Feb 16, 2016 11:30pm Feb 16, 2016 11:30pm
Quoting Geppy
{quote} The nice things about adding is you don't need to be super accurate with it as long as you don't add too much too fast!
agreed it needs to satisfy money management and cater for potential spikes that could wipe your account if not spaced properly or pip value too large. How do you manage stop losses around adds. ie keep them tight, move to BE, have them spaced far way like your initial entry
  • #826
  • Feb 16, 2016 11:49pm Feb 16, 2016 11:49pm
Quoting Geppy
{quote} The nice things about adding is you don't need to be super accurate with it as long as you don't add too much too fast!
Geppy! Sorry this is slightly off topic... is there a tool you can measure potential target. eg. using double top/bottom the distance from neckline to the peaks, that would be potential target for profits. i know you can use the curser to measure amount of pips but is there a "tool" so do the measuring of potential profits or would i just need to use shapes. using mt4.
  • #827
  • Feb 17, 2016 12:06am Feb 17, 2016 12:06am
Quoting Evilzim
{quote} Geppy! Sorry this is slightly off topic... is there a tool you can measure potential target. eg. using double top/bottom the distance from neckline to the peaks, that would be potential target for profits. i know you can use the curser to measure amount of pips but is there a "tool" so do the measuring of potential profits or would i just need to use shapes. using mt4.
Like just to see how much money you'll make? I would caution against this practice.

You don't want to let emotions into it and get caught acting on greed or anything.
Be happy with whatever price action gives you.

Trading in the Zone - Mark Douglas...it's a must.


I probably completely misunderstood what you meant.
  • #828
  • Feb 17, 2016 12:12am Feb 17, 2016 12:12am
Quoting Rurozan
{quote} Like just to see how much money you'll make? I would caution against this practice. You don't want to let emotions into it and get caught acting on greed or anything. Be happy with whatever price action gives you. Trading in the Zone - Mark Douglas...it's a must.
Im busy reading the book and no its not to see how much money i can get. Potential target zone.... So example Head and shoulders or double top/bottom i want to beasure the distance from the neckline to the "head or peaks" thats distance is potential the target, doesnt mean it will reach there but its a "target" at the very least. Will attach a pic shortly
  • #829
  • Feb 17, 2016 12:14am Feb 17, 2016 12:14am
Quoting Evilzim
{quote} Im busy reading the book and no its not to see how much money i can get. Potential target zone.... So example Head and shoulders or double top/bottom i want to beasure the distance from the neckline to the "head or peaks" thats distance is potential the target, doesnt mean it will reach there but its a "target" at the very least.
Crosshair in MT4, Ctrl + F
You just have to remember the number in the middle, that's the pips.

You mean there's a better tool than that?
  • #830
  • Feb 17, 2016 12:24am Feb 17, 2016 12:24am
My story was a sad one, prepare a sell stop early yesterday at 165 and went to work. Got stopped at 165.90 and failed to get an early shorts. Gotta rely on the one at 163.3 this morning. Crossed my fingers since there are still potential
  • #831
  • Feb 17, 2016 12:27am Feb 17, 2016 12:27am
Quoting Rurozan
{quote} Crosshair in MT4, Ctrl + F You just have to remember the number in the middle, that's the pips. You mean there's a better tool than that?
oR just mouse click lol i do use that but im asking if there is another tool, something that can stay on screen. See pic attached. Apologies again for being off topic
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 147 KB
  • #832
  • Feb 17, 2016 12:33am Feb 17, 2016 12:33am
technically , we wedged between yesterday low and the resistance point indicated. GBP major news expected in 3 hours, i will be looking at a potential add in on any reasonable spike
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dragon.PNG Size: 52 KB
Click to Enlarge Name: dragon2.PNG Size: 13 KB
  • #833
  • Feb 17, 2016 12:49am Feb 17, 2016 12:49am
Short USDJPY @113.72 after testing the 50 MA (4 hour chart).
SL: 114.36
TP: 110.06
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB
  • #834
  • Feb 17, 2016 12:54am Feb 17, 2016 12:54am
100 pips so far and still rolling. Thanks Geppy! nice to wake upto in the morning :-)
  • #835
  • Feb 17, 2016 1:46am Feb 17, 2016 1:46am
cad short triggered as per methodology, wont bother with diagrams
  • #836
  • Feb 17, 2016 1:48am Feb 17, 2016 1:48am
Just discovered this thread for myself. Happily found out that my GBPJPY projections are in line with yours.
Currently holding short from 165.163
  • #837
  • Feb 17, 2016 2:27am Feb 17, 2016 2:27am
Looks like another opportunity to add a gbp/jpy short at 16250?
  • #838
  • Feb 17, 2016 2:51am Feb 17, 2016 2:51am
Added short @ 16250, let see how it plays out.
  • #839
  • Feb 17, 2016 3:49am Feb 17, 2016 3:49am
Quoting Pip-Miner
technically , we wedged between yesterday low and the resistance point indicated. GBP major news expected in 3 hours, i will be looking at a potential add in on any reasonable spike {image} {image}
added position after 150 pip spike at 163..
  • #840
  • Feb 17, 2016 4:08am Feb 17, 2016 4:08am
Damn, my stop was hit.

in again at 16330
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