Forex Made Millionaire Thread for Blog Swing Trades

Karuda and his mafia mates won't be able to control the "Japanese mudslide" when the Dow (and Global equities) tumble.

Story so far... https://www.tradingview.com/x/iUgBpQJQ/

Current levels might be good for USACAD Shorts!

Just added some.



Trade what you see!.

Cheers.

Looking for some PA for G/Y to close the gap over the weekend

EUR/USD could still be a play this week.
Getting close to 3x support lines. Which way will it go...

I'm in two minds about my USD/CAD position. Doesnt seem to be moving much at all!

I presume it might touch the TL on the daily TF. i TOOK A SELL POSITION MINUTES AGO. and my target on the TL. If it touches the TL i will look out for reversal candles on lower TF to trade long.. else it breaks the TL.

bump

USDJPY SELL is still on.
My sell order got filled early morning at 112.400.
Currently steaming down at 111.926.
I aim to get out at around 111.000. That is the 61.8 retracement level from Jun 2014.

I like Geppy's idea of clenching down and seeing it through which is what I am doing.
Of course should there be a change to the present situation I will have to action accordingly.

Good morning, gang (at least for me here in CA)!

Things are looking pretty solid overall.

USD/JPY is pressuring the downside. I had an order in to sell another mini early last night at 112.42 which was filled on that random, sudden move higher. I just added one more here at 111.90 and will probably let this run for a bit now.

GBP/JPY is keeping the pressure on the downside too but struggling with the trend line support I posted last night. I would not be surprised to see this break down though as it feels like today could be a "risk off" day. Holding my shorts here still.

GBP/USD hasn't done a ton. I've been tempted to sell more, but haven't. I don't want to get too exposed to GBP between this trade and my GBP/JPY shorts. In my opinion, the longer it just sits here between 1.4100 and 1.4150 the better. It's giving the moving averages time to play catch up to price and just consolidating. Usually that means the next move continues the trend.

USD/CAD has been kind of a dud for us. I'm still short and in profit, but I'm starting to feel like this one might not hit target. That being said, the chart still looks solid... I just haven't been a huge fan of PA. My stop loss for my entire position is in profit, so even if that gets hit I'm not out anything. So I'm letting this one just play itself out.

Yeah somebody was buying something around there. I still have my shorts on the UJ, 111.0 looks like a good target.



Ucad i'm not so confident about. Price moved away pretty quickly from 1.3660. I'm curious to see if there will be another attempt at it.

Guys, as long as we are in the topic of learning here... Can anyone tell me how you know the UJ down move still has it's streangth?
From my point of view:
- both Daily and H4 Stoch show strong oversell levels. Usually sign of pause or reversal.
- last two H4 candles show wicks and signal exhausation.
- last 4 week candles show less and less volume (open/close range) - sign of weakening trend usually.
- price is reaching bottom TL

I agree 111. is a good target.

But please explain to me what gives You signs of more downward movement from the point we are in now.

Your input is greatly appreciated, thanks!

Stopped out on USDCAD last night with a decent profit (93 pips). Back in this morning with a small position as I still like the chart even though it hasn't really taken off like I hoped.

BOJ? Huge rejection as it fell below 111.847. Staying away from this pair for now!

I don't know that it will. My thought process is more like, "If price goes down, then my entries have a higher chance of surviving from the points that i've chosen."

My decision process for the UJ goes like this:

In general price ranges, breaks out, then ranges again. Sometimes it'll just go in 1 direction for a bit but generally it just ranges.

Weekly - Price has pushed through the bottom of a year range. People must think its time to sell UJ.
Daily - Price pulled back from 111.00. Price always pulls back. Now it looks like it's headed back down to 111.00. Could this be the new low of a newly developing range? I will take trades in that direction on the premise that we're in a new range.
4 Hour - There was a mini range from 114.88 to 113.37 that price broke through the low of.
4 Hour - There was a mini range from 113.37 to 112.54 that price broke through the low of. Seems price is steadily going lower. Should probably follow price.
1 Hour - Taking entries from pull backs to places where i've noticed give the opportunity to take low risk trades.

If you do the same kind of analysis on the Ucad you can see why i don't feel as good about that trade.

Btw ask any question you'd like. I have nothing to hide. Most of what i do is discretionary and i'm definitely not perfect

Hey gang, stopped out of USD/CAD shorts:



Not much to show in terms of profits for how long I held them, but not a lose!

Probably staying on the sidelines with this pair for awhile at least.

Stopped out USD/CAD short with a loss because I got in way to late. Well USD/JPY is looking good!

Hey, gang. I'm off to Pasadena for the day for some meetings, so I won't be on as much as usual.

Hold the fort though, and I'll see you all later tonight!

watching usd/cad 13805 area for a short entry

Great thread, been reading and join your blog subscription thanks for sharing your great work

Ucad - sorry you got Stop out I have this 4 hour trendline I have been watching will it hold I don't think so but lets see

USDCAD is headed for another leg higher 900+ pips to new high before main trend turns down. GBPUSD is headed down for new low another 300+ pips down possibly this week or next before main trend heading higher. I'm short GBPUSD and long USDCAD