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Forex Made Millionaire Thread for Blog Swing Trades

  • #1,501
  • Feb 24, 2016 5:12pm Feb 24, 2016 5:12pm
Quoting Forex147
Eur/ Usd long I think a trade worth taking... What you think guys??? {image}
i think the euro will gain a LOT by summer time. so im looking for a good support level to buy it up from. sad thing is i had drawn some lines on a chart (i think they were inside bars, not really sure lol) and today it hit one on the dot 10956 and bounced, that caught my eye on my charts lol. the euro was hot 2 weeks ago, this retrace i definitely wanna be buying soon, but i think we will get a deeper correction.

the euro and yen are both currencies used as carry trade vechiles, Yen especially. so when the stock markets tank dollar/yen will fall and Euro/dollar will rise.
  • #1,502
  • Feb 24, 2016 5:16pm Feb 24, 2016 5:16pm
U/CAD, I am still bullish short term as fundamentals which got us here have not changed. I think we are almost at the bottom of uptrend channel as seen in the daily chart below

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  • #1,503
  • Feb 24, 2016 5:20pm Feb 24, 2016 5:20pm
Quoting flipnfaith
{image}{quote} {image} Have any of you looked at the Monthly on U/Cad. Here's the levels I've marked. Last months candle looks very bearish.
Ellol even if it hits my stop loss I don't care I have a 1:5 on it, meaning I only have to get 1 trade correct out of 5 to break even. I do trades 1:10, 1:20 even and I already made thousands this week, look at my previous post
  • #1,504
  • Feb 24, 2016 5:20pm Feb 24, 2016 5:20pm
i'm watching the dollar/yen for a short position at 112.61 . was eying this number when it had bounced from 111.62 but only reached 112.25. Only thing i hate about shorting usd/yen right now is if the bottom breaks the BOJ will probably intervene because they are idiots
  • #1,505
  • Feb 24, 2016 5:36pm Feb 24, 2016 5:36pm
Quoting flipnfaith
{image}{quote} {image} Have any of you looked at the Monthly on U/Cad. Here's the levels I've marked. Last months candle looks very bearish.
I 've noticed that some traders just show up into discussing a cross or a trade without reading what they missed on the thread.
I hope anyone wants to discuss something, just read the discussions of the day.
We already discussed CAD monthly charts previously. Thanx
  • #1,506
  • Feb 24, 2016 6:11pm Feb 24, 2016 6:11pm
Long here, average position 155.60. Target is 158.00. Over all still very much bearish, looking to add to short positions as we fill in space & edge higher.
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the market can remain irrational longer than you can remain solvent
  • #1,507
  • Feb 24, 2016 6:57pm Feb 24, 2016 6:57pm
hey guys is there still a gap open on gbp/jpy from monday ? fxcm charts show a daily close on friday of 162.07 and sunday/monday open of 160.47 and a high of 161.55 . on an online chart i see a close of 162.28 friday and open 160.58 high 161.56. just wondering if you guys had any different numbers ?
  • #1,508
  • Feb 24, 2016 7:20pm Feb 24, 2016 7:20pm
Hey gang, I'm still holding shorts on GBP/JPY and USD/JPY. They were well into profit early this morning and now just barely *sigh*

I'm adding a bit here though because the trend is still down.

I also jumped back in USD/CAD longs at 1.3700

It was a strange day with US equities reversing, and I really have a hard time seeing equities continue to push higher. But who knows...

Been super busy at work today so that's why I've been a bit MIA. Hope everyone is having a killer week though. Tomorrow I'll be publishing my December trading performance on the blog. Then I plan to post January's performance next week so that I'm all caught up and ready to publish this month's performance in March.
check out my blog: forexmademillionaire dot com
  • #1,509
  • Feb 24, 2016 8:09pm Feb 24, 2016 8:09pm
possible bear flag developing....157.5 and 158.4 is where im seeing a possible short entrance??
  • #1,510
  • Feb 24, 2016 8:09pm Feb 24, 2016 8:09pm
Quoting Geppy
Hey gang, I'm still holding shorts on GBP/JPY and USD/JPY. They were well into profit early this morning and now just barely *sigh* I'm adding a bit here though because the trend is still down. I also jumped back in USD/CAD longs at 1.3700 It was a strange day with US equities reversing, and I really have a hard time seeing equities continue to push higher. But who knows... Been super busy at work today so that's why I've been a bit MIA. Hope everyone is having a killer week though. Tomorrow I'll be publishing my December trading performance...
I thought you had it with CAD as you mentioned earlier. For the first time we are taking opposite positions on CAD as I shorted again today. I'm long GU , GJ , UJ and EU . Small profit on all of them till now.
  • #1,511
  • Feb 24, 2016 8:26pm Feb 24, 2016 8:26pm
Peeps keep saying that G/J is oversold and maybe it is, but i do know that this pair is respecting the TL's virtually to the pip!
Based on this, price is "likely" to retrace back to or near the (orange) TL which is also BRN 157.0. From there, let the shorting begin
I may not be right!
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  • #1,512
  • Feb 24, 2016 8:44pm Feb 24, 2016 8:44pm
I think if UJ broke the 112.25 area that will clear a way for a decent up move and hopefully it will take GJ with it.
  • #1,513
  • Feb 24, 2016 8:54pm Feb 24, 2016 8:54pm
well . As I said , the break of 112.25 opened the way up
  • #1,514
  • Feb 24, 2016 8:55pm Feb 24, 2016 8:55pm
only trading USDCAD and GBPJPY , straight buys all in profit. GBPJPY just broke the 1 hr triangle and starting charge up.
  • #1,515
  • Feb 24, 2016 10:13pm Feb 24, 2016 10:13pm
Hey Geppy greetings. I hope this means something to you....just thought i'd reach out for support because your an inspiration. I got introduced to trading through my more "experienced" younger brother. My brother is my mentor and best friend. He seems to really admire your knowledge and feedback. That's saying a lot coming from him trust me. Hope we can keep in touch and stay connected. Just wanted to acknowledge your hard work and success. As close as my brother and I are relationship wise, unfortunately we live far from each other. I stay here in Southern California while he lives in Seattle Washington. We hope trading one day can set us financially free to bring us closer together. We live, breath, eat and sleep this shit. Every day is a grind and no matter what yesterdays achievements accomplished our focus is ready for the new day ahead. Blessings and wish you the best....lets get it*
  • #1,516
  • Feb 24, 2016 10:18pm Feb 24, 2016 10:18pm
i would wait to see what price does around this 50ma on the 1hr gbpjpy before considering any longs.... remember this is for swing trades kinda pointless jumping in and out
  • #1,517
  • Feb 24, 2016 10:18pm Feb 24, 2016 10:18pm
Quoting spartanforex
hey guys is there still a gap open on gbp/jpy from monday ? fxcm charts show a daily close on friday of 162.07 and sunday/monday open of 160.47 and a high of 161.55 . on an online chart i see a close of 162.28 friday and open 160.58 high 161.56. just wondering if you guys had any different numbers ?
good detective work......I didn't have a gap....the broker from Malta....
  • #1,518
  • Feb 24, 2016 10:23pm Feb 24, 2016 10:23pm
Quoting Forex147
Guys , I think GJ and UJ has moved down in a semi straight line and became extremely oversold. I myself anticipated this move yesterday and been out with a small loss , but I did it again today and went long few hours ago to get at least a decent reaction move.
GJ / UJ
I am curious. What tipped you off that they are extremely oversold ? The price action ?
Price action still tells me they are in downtrend. Of course situation may change but the PA will indicate that.
Live life king size !
  • #1,519
  • Feb 24, 2016 10:43pm Feb 24, 2016 10:43pm
Quoting embo
{quote} I am down 1836 pip already with GJ still keeping my shorts in hope it will return to downtrend. omg.. hard day
I hope you sold them or you will wipe your account out
  • #1,520
  • Feb 24, 2016 10:52pm Feb 24, 2016 10:52pm
Quoting flipnfaith
{image}{quote} {image} Have any of you looked at the Monthly on U/Cad. Here's the levels I've marked. Last months candle looks very bearish.
I'm Also bearish for this pair and E/cad as well, E/CAD is creating a BAT expecting U/CAD to fall as well

http://harmonictrader.com/blog/2013/08/03/bat/
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Precise Execution!
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