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Forex Made Millionaire Thread for Blog Swing Trades

  • #1,441
  • Feb 24, 2016 9:11am Feb 24, 2016 9:11am
Geppy, what are you're thoughts on EURUSD? Its bounced very nicely off the lower TL. I think i'll look to go long if we have a good break of the counter trend line.
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  • #1,442
  • Feb 24, 2016 9:26am Feb 24, 2016 9:26am
Quoting Good Lookin
{quote} Hey Sulik, Don't worry too much about where you enter. If you look at my trades you'll see that on the EU, Ucad, UJ, and GJ the 1st position was stopped out but yet i'm still able to net positive pips. Just follow a set of rules for entry that due to your analysis, you can stand behind without second guessing yourself. Just know that you will eventually catch the trade if you follow the daily/weekly and enter in that direction on the lower timeframes.
This was a big struggle for me this week. When gbp pairs gapped in the favorable direction at weekly open, I felt like I had missed my chance from the get go.
I should have kept my composure and hopped in after the first retrace.
  • #1,443
  • Feb 24, 2016 9:30am Feb 24, 2016 9:30am
Quoting Rurozan
{quote} This was a big struggle for me this week. When gbp pairs gapped in the favorable direction at weekly open, I felt like I had missed my chance from the get go. I should have kept my composure and hopped in after the first retrace.
Heheh I had the same problem
  • #1,444
  • Feb 24, 2016 9:31am Feb 24, 2016 9:31am
Quoting SulikFXer
{quote} Thing is I play with a big account, trading with multiple lots per trade. Each negative is a heartattack, so I tend to minimalize these emotional rollercoasters as much as I can . This can get very exhausting, so I'd like my entry points to be as perfect as possible.
Yeah i know the feeling, that's why i always scale in from a comfortable size. I'd have to have major belief in my analysis if i had to take positions larger than i'm comfortable with.
  • #1,445
  • Feb 24, 2016 9:43am Feb 24, 2016 9:43am
usdcad short at 13850 was waiting for 60-72 area but noticed its struggles and its top was 58 which looked good also. hopefully this one holds and starts to push down again. didnt get a large position in to start but i can add to this if shows some weakness going forward.
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  • #1,446
  • Feb 24, 2016 9:45am Feb 24, 2016 9:45am
Quoting Rurozan
{quote} This was a big struggle for me this week. When gbp pairs gapped in the favorable direction at weekly open, I felt like I had missed my chance from the get go. I should have kept my composure and hopped in after the first retrace.
1 of the many lessons to learn. Just trade smaller or do as Super Gepman suggested and take a very small position and see what happens. You'll either build confidence in your entry or learn that maybe your style of entry doesn't work for your stop size.
  • #1,447
  • Feb 24, 2016 9:49am Feb 24, 2016 9:49am
Quoting varun76
{quote} Hey Pip-Miner this is my view on usd/cad let me what you feel, but I don't think Short will work for the time being without giving a LH V {image} {image}
It got taken out, disappointing after holding it for 4 days , but that's swing trading . The important thing here is I stuck to the trade. Dragon going alright , pays the bills this week
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  • #1,448
  • Feb 24, 2016 9:55am Feb 24, 2016 9:55am
Quoting SulikFXer
{quote} Heheh I had the same problem
Then know that you are not alone. I was literally shouting at myself (while staring at the screen) yesterday "What HELD you back !!!"
Nonetheless the USDJ worked out. So that's a consolation.
Live life king size !
  • #1,449
  • Feb 24, 2016 9:58am Feb 24, 2016 9:58am
Quoting Pip-Miner
{quote} It got taken out, disappointing after holding it for 4 days , but that's swing trading . The important thing here is I stuck to the trade. Dragon going alright , pays the bills this week {image}
That's impressive, keep it up buddy


Cheers to your winning
Precise Execution!
  • #1,450
  • Feb 24, 2016 10:01am Feb 24, 2016 10:01am
UJ is approaching 111.00 I think thats whats driving the GJ trade lower. I'm moving my GJ stops to 156. UJ stops at 112. I don't have time to take a good look at everything i'd like so this is just a blanket move to lock in profits.
  • #1,451
  • Feb 24, 2016 10:05am Feb 24, 2016 10:05am
USD/JPY hit my TP at 111.199. Nice!
  • #1,452
  • Feb 24, 2016 11:06am Feb 24, 2016 11:06am
Quoting SulikFXer
{quote} The GBPUSD is retracing now, you entering now tells me you care little about perfect entry points I often miss my trade trains because I wait for that perfect retracement or perfect level, so cudos Geppy. Another lesson to learn.
Please don't give people the wrong impression. I do care about my entries... especially the initial one when starting a new position. However, when I add, I don't get too carried away with trying to squeeze out every pip.

As long as you control your risk you don't need to worry about being perfect while pyramiding.
check out my blog: forexmademillionaire dot com
  • #1,453
  • Feb 24, 2016 11:08am Feb 24, 2016 11:08am
a daily close below 137818 will give me more confidence in this short on dollar/cad. a break of the other lower trendline would also help
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  • #1,454
  • Feb 24, 2016 11:14am Feb 24, 2016 11:14am
Quoting spartanforex
a daily close below 137818 will give me more confidence in this short on dollar/cad. a break of the other lower trendline would also help {image} {image}
Interesting. I'm buying pretty aggressively at these levels:

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check out my blog: forexmademillionaire dot com
  • #1,455
  • Feb 24, 2016 11:21am Feb 24, 2016 11:21am
Quoting Geppy
{quote} Interesting. I'm buying pretty aggressively at these levels: {image}
i dont blame you this area has me worried becuase its an area both bulls and bears are at work. a bull move out of here and that changes the direction. I'm still biased from a weekly chart look at usd/cad and i think oil will try to push a little higher (36/37 crude) before another drop.
  • #1,456
  • Feb 24, 2016 11:38am Feb 24, 2016 11:38am
Hi Geppy,in my opinion USD/cad is still up,but the down move is because the 4 hours Tf is changing from down to up ,so it has to go down before going back up as usual ,but the daily short is still bearish ,so it could continue down.It's very confusing playing up and down.I sold a small position on 1.3760 ,so in case it goes down i 'm on the boat,but I'm looking to close and buy as soon as it reverse on the 15 min TF.so my question in swing trading ,at what price should we now look to buy,i suppose you are buying now as in your last post(1.3780) ,but what SL ?I'm not a swing trader ,but i'm very interested in it.Thanks
  • #1,457
  • Feb 24, 2016 11:53am Feb 24, 2016 11:53am
would anyone be going bearish on usdchf and audjpy?
that is what my charts are showing me wondered if any one else sees that?
Fib(onacci) my way to glory
  • #1,458
  • Feb 24, 2016 12:00pm Feb 24, 2016 12:00pm
Quoting billsmith
would anyone be going bearish on usdchf and audjpy? that is what my charts are showing me wondered if any one else sees that?
Quoting Geppy
The thread will focus on five currency pairs: EUR/USD, USD/CAD, USD/JPY, GBP/USD, and GBP/JPY.
Please respect this and only post ideas and setups around these five pairs.
Not the place for that, sorry.
  • #1,459
  • Feb 24, 2016 12:14pm Feb 24, 2016 12:14pm
Quoting billsmith
would anyone be going bearish on usdchf and audjpy? that is what my charts are showing me wondered if any one else sees that?
"Hi Traders, thanks for joining me in this new thread. We'll be utilizing the thread to discuss trade opportunities that I've detailed on my blog: www.forexmademillionaire.com"

"The thread will focus on five currency pairs: EUR/USD, USD/CAD, USD/JPY, GBP/USD, and GBP/JPY"

Quotes from Post#1

Cheeers
  • #1,460
  • Feb 24, 2016 12:20pm Feb 24, 2016 12:20pm
sorry newbie here
Fib(onacci) my way to glory
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