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Forex Made Millionaire Thread for Blog Swing Trades

  • #961
  • Feb 18, 2016 8:15am Feb 18, 2016 8:15am
Quoting broomar
M5 forming H&S, Going down!!!! {image}
Very busy chart you have there...I guess I'll take your word for it, lol.
  • #962
  • Feb 18, 2016 8:33am Feb 18, 2016 8:33am
cable is lost going the wrong way lol
  • #963
  • Feb 18, 2016 8:59am Feb 18, 2016 8:59am
Correct me if im wrong here, but in the higher timeframe h4 d1, we can see 50 sma is still below other sma's (using three here 50, 100,200). Also it seems like the resistance in 50% fibs is quite strong. It is true i sense a bull divergence at the end of h4 but it seems weak.
From fundamental side it seems like usd comes out with a good number, wont it effect the buying of usd which may in the end, results in selling of gbp and of course dont forget the brexit is still haunting gbp.
I would say the trend of bear is going to hold on still but its just me, a noob so need opinion from other guys here.
  • #964
  • Feb 18, 2016 9:19am Feb 18, 2016 9:19am
Quoting Geppy
Hey gang, unfortunately more of the same today with GBP/JPY... stuck in a range! The 4-hour 50 moving average is kind of my line in the sand now (currently at 164.48). If we get above that, I think I'd have to bail on my shorts with a small profit and let things sort themselves out. That being said, I still like the trade and feel confident the odds are in our favor for a move down. The push higher last night was driven by GBP/USD and if I wasn't already short it's cousin, I'd be shorting that pair now. On another note, I'll be less present here...
Now, I think shorting the beast is still good.
There is an hourly ascending wedge... broke and retested, with an hourly pin bar coming down.
Now, looks like a bear flag forming on the H1 an or H4.
I am a relativley new trader. Only been trading for a year and a half, but trying hard to get it.
Love this thread... best one on here!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 34 KB
Click to Enlarge Name: GBPJPYH4.png Size: 30 KB
  • #965
  • Feb 18, 2016 9:37am Feb 18, 2016 9:37am
2ND TARGET AT Support M1, if it breaks M5 SUPPORT.let see.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 2ND TARGET.png Size: 82 KB
  • #966
  • Edited 10:00am Feb 18, 2016 9:48am | Edited 10:00am
Guys, for the benefit of everyone, it would really be useful if we say what pair our analysis/opinion is about before going on and on. Specially if there is no supporting chart to actually see it. Just saying.
  • #967
  • Feb 18, 2016 10:34am Feb 18, 2016 10:34am
Quoting Javi FX
Guys, for the benefit of everyone, it would really be useful if we say what pair our analysis/opinion is about before going on and on. Specially if there is no supporting chart to actually see it. Just saying.
Agreed, Javi. I know I haven't been 100% on doing that but will try to make sure I specify always going forward. Thanks for the reminde!
check out my blog: forexmademillionaire dot com
  • #968
  • Feb 18, 2016 10:36am Feb 18, 2016 10:36am
Speaking of GBP/JPY... I don't want to get too excited here, team but I dig the current 4-hour candle that still has ~1.5 hours left on it. US equities are losing steam, which is what I've been expecting to happen eventually this week or next week. The rally there has been largely short covering/squeezing. Nothing has changed in terms of fundamentals.

If we can get below 162 it'll be a good sign that we're ready to take out 161.50 and then head lower. I'd love to see that play out before the week closes tomorrow.
check out my blog: forexmademillionaire dot com
  • #969
  • Feb 18, 2016 10:44am Feb 18, 2016 10:44am
Quoting broomar
2ND TARGET AT Support M1, if it breaks M5 SUPPORT.let see. {image}
broomar, not to be a jerk but I'm not sure if this is the best thread for you and vice versa. My goal here is to have a group that's focused on swing trades. You seem to be focused on short timeframes with very narrow target profits. I'd rather not have that sort of stuff polluting what we're trying to create with this thread.
check out my blog: forexmademillionaire dot com
  • #970
  • Feb 18, 2016 10:52am Feb 18, 2016 10:52am
Quoting Geppy
{quote} broomar, not to be a jerk but I'm not sure if this is the best thread for you and vice versa. My goal here is to have a group that's focused on swing trades. You seem to be focused on short timeframes with very narrow target profits. I'd rather not have that sort of stuff polluting what we're trying to create with this thread.
Hi geppy i've no intention at all to interrupt,Actually i'm a hardcore sculper,too tired spending for years,24hrs infront of the screen,the reason I'm here is to learn swing trade,your thread is one of the best here.The big lesson here is"PATIENCE"

Again I'm really ,really sorry about that.


My 3rd target.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5privious day.png Size: 80 KB
  • #971
  • Feb 18, 2016 10:57am Feb 18, 2016 10:57am
Geppy what do you think about Gbp/Usd, is it going down?
  • #972
  • Feb 18, 2016 11:11am Feb 18, 2016 11:11am
Quoting broomar
{quote} Hi geppy i've no intention at all to interrupt,Actually i'm a hardcore sculper,too tired spending for years,24hrs infront of the screen,the reason I'm here is to learn swing trade,your thread is one of the best here.The big lesson here is"PATIENCE" Again I'm really ,really sorry about that. My 3rd target. {image}
Hi Geppy.

Don't worry my 3rd target is my last post for the lower TF.

Again...so sorry.
  • #973
  • Feb 18, 2016 11:26am Feb 18, 2016 11:26am
Quoting neo1993
Geppy what do you think about Gbp/Usd, is it going down?
I can't say for sure (nobody can), but my bias would be short... that's why I'm still short GBP/JPY
check out my blog: forexmademillionaire dot com
  • #974
  • Feb 18, 2016 11:44am Feb 18, 2016 11:44am
Quoting broomar
{quote} Hi Geppy. Don't worry my 3rd target is my last post for the lower TF. Again...so sorry.
I don't care if people post lower timeframe charts if it's to show breaks in consolidation, etc. But you're clearly trading smaller timeframes for small moves; that's not what we're here to do.

Quite honestly, I don't know why you'd want to be here with a group of traders that trade so differently than you do. I'm sure there are plenty of threads for shorter term trading. And if you don't find one you like you can start your own.

That's all I'm getting at.

Please don't offer another apology, or your next target. I don't care, and I don't care to reply to this topic again.
check out my blog: forexmademillionaire dot com
  • #975
  • Edited 11:57am Feb 18, 2016 11:56am | Edited 11:57am
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 2016.02.18.png Size: 100 KB


Still in these GJ shorts. I'm going to add on another position after the break of the lower trend line. May get stopped buts its ok.

On a side note, pound has some news coming out tomorrow. If that isn't enough to make this guy move then we'll probably be in this channel until the next set of news releases mid week next week.
  • #976
  • Feb 18, 2016 12:14pm Feb 18, 2016 12:14pm
Quoting Good Lookin
{image} Still in these GJ shorts. I'm going to add on another position after the break of the lower trend line. May get stopped buts its ok. On a side note, pound has some news coming out tomorrow. If that isn't enough to make this guy move then we'll probably be in this channel until the next set of news releases mid week next week.
Yeah, I'm thinking it may just be consolidating until tomorrow's news. Saw various pairs making triangles (h1) across the board. Slow day.
  • #977
  • Feb 18, 2016 12:17pm Feb 18, 2016 12:17pm
Hi Geppy,

Currently, I am a 4 month old noob trader... I trade the crosses and comdolls.
I have been reluctant to hold long trades.. noob fear and all lol.

I took your advise last Sunday.. set up GBP/JPY weekly short 161.250, I didn't like the way it was moving through so I closed early at 161.831 ....took some profit ($35.00) better than zero! ... patience is my next hurdle.

Your TA/FA is much like mine. This has somewhat relieved that "fear factor"


Thanks for your insight and continued success to you.

Striker
  • #978
  • Feb 18, 2016 12:26pm Feb 18, 2016 12:26pm
Waiting on EUR/USD to test 200 EMA. We'll see what happens then.
L.S./M.F.T.
  • #979
  • Feb 18, 2016 12:59pm Feb 18, 2016 12:59pm
Geppy has really boosted my confidence in holding winning trades, cos i used to opt out of trades after analysing possible targets which most times are actually correct.

Thank you geppy for restoring my confidence.
  • #980
  • Feb 18, 2016 2:31pm Feb 18, 2016 2:31pm
Quoting krismitt
Yippee....our Forum has come alive!. Been MIA for just a couple of hours and I am delighted to see the dialogue My trades are bitter-sweet; more sweet than Bitter.
GBPUSD I am nice. Got a bit trigger-happy and went it quite early Geppy.....never waited for the break!. Doesn't always work in my favour but this time...... {image} GBPJPY Got some at 164.681 but added at the wrong place - smack in the middle of Support - darned!. Worked with the break of the Ichimoku Support (Kijun Sen), followed by a full candle body with open and close. Well........
Still in; all three!!.

Was up 1400pips at one stage this week; went into Draw-down for a bit; back to 600 now and climbing. A rather bumpy ride but I'm staying the course.

That's why I'm here; to to build capacity for Swing Trading!.

Loving it!

Cheers.
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