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Forex Made Millionaire Thread for Blog Swing Trades

  • #1,041
  • Feb 19, 2016 9:12am Feb 19, 2016 9:12am
USDCAD 1H chart. Possible bounce off 200MA/trendline?

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  • #1,042
  • Feb 19, 2016 9:16am Feb 19, 2016 9:16am
Quoting KiwiPete
Hi Geppy and all the other traders, just joined and wanted to say how much I'm enjoying learning from you all, I'm relatively new to Forex trading and trying to expand my knowledge whenever and wherever possible. Because of my work, swing trading suits me to the ground and I'm hoping in due course that I'll be able to contribute to the thread with some of the knowledge gained. In the meantime just wanted to say hi and cheers
Hey KiwiPete! Glad you're here and enjoying our humble thread

We seem to have some pretty savvy traders here, so I'm sure you can learn a lot.
check out my blog: forexmademillionaire dot com
  • #1,043
  • Feb 19, 2016 9:17am Feb 19, 2016 9:17am
Quoting Geppy
Hey gang, as you can tell I slept in this morning. It felt great! I'm still holding my GBP/JPY short which are currently 384 pips in the money on my entire position average. Not bad! I'll admit, I'm thinking of closing them out for a couple reasons: I have a lot of unrealized profit that wouldn't be bad to book It'd be nice to be flat for the weekend so I can take an unbiased look at the charts That being said, I just feel like there's still a ton of room for this baby to run and I hate giving up my position when I've done so much work to get it...

Im very tempted to close my gbpjpy positions which are hugely in profit, many thanks to you geppy, with your inspiration this is one of the longest trades ive ever kept open. i i have 6 positions open all spaced out and it would be nice to take some profit. i may keep one position open over the weekend but not sure might not close any of them. decisions decisions decisions.

Like you ive just opened a usdcad short just moments ago at 1.3219 and thats a keep for the weekend.
  • #1,044
  • Feb 19, 2016 9:18am Feb 19, 2016 9:18am
Quoting williane
USDCAD 1H chart. Possible bounce off 200MA/trendline? {image}
Looking at the same thing. The weekly open is also at 1.3850. The only thing i don't like is that its friday today and oil looks like it has some room to go down. I'd like to wait and see what happens after sunday and monday open.
  • #1,045
  • Feb 19, 2016 9:19am Feb 19, 2016 9:19am
Hello traders,

Closed my positions in GBPJPY and USDCAD with a nice profit.

Thank you Geppy and everyone else in the thread for this weekend!
  • #1,046
  • Feb 19, 2016 9:21am Feb 19, 2016 9:21am
Quoting babajohar
{quote} Im very tempted to close my gbpjpy positions which are hugely in profit, many thanks to you geppy, with your inspiration this is one of the longest trades ive ever kept open. i i have 6 positions open all spaced out and it would be nice to take some profit. i may keep one position open over the weekend but not sure might not close any of them. decisions decisions decisions. Like you ive just opened a usdcad short just moments ago at 1.3219 and thats a keep for the weekend.
I hear ya baba, and I really think it depends on how we're looking in the next couple hours. I'm really liking it under 161.00 -- just seems that's a nice level to close under heading into the weekend and tempted to hold if we're below that.

I guess I'll just play it by ear.
check out my blog: forexmademillionaire dot com
  • #1,047
  • Feb 19, 2016 9:21am Feb 19, 2016 9:21am
Brexit news is cooking. If they don't reach a deal at this meeting GBP likely to rally.
  • #1,048
  • Feb 19, 2016 9:25am Feb 19, 2016 9:25am
Quoting Diablito
Brexit news is cooking. If they don't reach a deal at this meeting GBP likely to rally.
Honestly, and out of character, I haven't really been following this. So I can't comment too much. But I will say, from a technical perspective, GBP/USD looks like it's ready to fall.

Looking specifically at the 4-hour chart. Just looks mega weak.
check out my blog: forexmademillionaire dot com
  • #1,049
  • Feb 19, 2016 9:27am Feb 19, 2016 9:27am
Quoting swetrader
Hello traders, Closed my positions in GBPJPY and USDCAD with a nice profit. Thank you Geppy and everyone else in the thread for this weekend!
Glad you made some pips this weekend, swe!

Enjoy your weekend and clear that head so we can do it again next week
check out my blog: forexmademillionaire dot com
  • #1,050
  • Feb 19, 2016 10:14am Feb 19, 2016 10:14am
OK, guys. I may regret this but I just pulled the trigger and closed out my shorts on GBP/JPY at 161.08
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  • #1,051
  • Feb 19, 2016 10:16am Feb 19, 2016 10:16am
Quoting Geppy
OK, guys. I may regret this but I just pulled the trigger and closed out my shorts on GBP/JPY at 161.08
PA is looking suspect! I agree but as i said before, i'm only taking 3/4ths of the position off the table.
  • #1,052
  • Feb 19, 2016 10:19am Feb 19, 2016 10:19am
Quoting Good Lookin
{quote} PA is looking suspect! I agree but as i said before, i'm only taking 3/4ths of the position off the table.
Definitely factored into my decision. I had a pretty large position on with a lot of profit to book, too. So that can definitely sway a trader. I still like shorts, but going to give my head a rest for a day or so before diving into everything.

Can't complain about this:

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  • #1,053
  • Feb 19, 2016 10:23am Feb 19, 2016 10:23am
Grats Geppy.
still keeping USDCAD short?
I think there might be a divergence on H4 and its about to fall down soon. Not sure though.
  • #1,054
  • Feb 19, 2016 10:25am Feb 19, 2016 10:25am
Quoting SulikFXer
Grats Geppy. still keeping USDCAD short? I think there might be a divergence on H4 and its about to fall down soon. Not sure though.
Yes, definitely holding on to those. That's a fresh position for me... well, relatively so since I just started selling yesterday. Giving it time to develop yet.
check out my blog: forexmademillionaire dot com
  • #1,055
  • Feb 19, 2016 10:32am Feb 19, 2016 10:32am
well done Jeppy and team . Closed of dragon for over 500 and other trades as well totalling 1000 or so pips this week, been very good week profit wise.. Left cad running as its fighting near the channel with oil dropping. Technically a swing trader should close trade between 1-4 days anyway to clear mind for weekend. Here is a song I like to play to celebrate good winnings
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  • #1,056
  • Feb 19, 2016 10:50am Feb 19, 2016 10:50am
Quoting Geppy
{quote} Definitely factored into my decision. I had a pretty large position on with a lot of profit to book, too. So that can definitely sway a trader. I still like shorts, but going to give my head a rest for a day or so before diving into everything. Can't complain about this: {image}

Congrats Geppy, those are awesome numbers. I am not questioning you money management, but the numbers seem pretty high. May I ask how much you risk per trade? I usually do about 100 pips per 1% of my account ... I am curious
  • #1,057
  • Feb 19, 2016 11:08am Feb 19, 2016 11:08am
Quoting Geppy
OK, guys. I may regret this but I just pulled the trigger and closed out my shorts on GBP/JPY at 161.08
G/J Closed my short position as well (161.2)
Added to U/C shorts and keeping over weekend

Thank you Geppy for your guidance
MarK
  • #1,058
  • Feb 19, 2016 11:20am Feb 19, 2016 11:20am
Quoting JustUsePrice
{quote} Congrats Geppy, those are awesome numbers. I am not questioning you money management, but the numbers seem pretty high. May I ask how much you risk per trade? I usually do about 100 pips per 1% of my account ... I am curious
Money management on this account has not been good. I started this one as a test account trying out a new trading platform. I'll have more on that next week when I post my first results post on the blog.
check out my blog: forexmademillionaire dot com
  • #1,059
  • Feb 19, 2016 11:24am Feb 19, 2016 11:24am
Quoting Geppy
{quote} Money management on this account has not been good. I started this one as a test account trying out a new trading platform. I'll have more on that next week when I post my first results post on the blog.
My goal with this account has been to aggressively grow it since I opened it in December. Once it gets meaty enough I'll be focusing more on money management, which will probably be pretty soon.
check out my blog: forexmademillionaire dot com
  • #1,060
  • Feb 19, 2016 11:39am Feb 19, 2016 11:39am
Really digging this USD/CAD rejection we're seeing, team.
check out my blog: forexmademillionaire dot com
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