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Forex Made Millionaire Thread for Blog Swing Trades

  • #1,521
  • Feb 24, 2016 11:00pm Feb 24, 2016 11:00pm
Quoting Bill618
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! {image}
  • #1,522
  • Feb 24, 2016 11:19pm Feb 24, 2016 11:19pm
Quoting GameOfLife
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...
Precise Execution!
  • #1,523
  • Feb 24, 2016 11:24pm Feb 24, 2016 11:24pm
Quoting GameOfLife
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...
Hey GameOfLife, thanks for the kind words from you and your brother. Glad you're joining us here!
check out my blog: forexmademillionaire dot com
  • #1,524
  • Feb 24, 2016 11:54pm Feb 24, 2016 11:54pm
Quoting BGETrading
I really didn't want to get dragged back into USDCAD for a while but I like this double bottom. Are we about to reverse? {image}
No, not in my opinion
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Precise Execution!
  • #1,525
  • Feb 25, 2016 1:09am Feb 25, 2016 1:09am
After midnight in Chicago:
Attached Image (click to enlarge)
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  • #1,526
  • Feb 25, 2016 1:12am Feb 25, 2016 1:12am
3 shorts so far on the G/J TL bounce, hope you all caught it
Looking for more below 156 and especially below 155.6 where there is some good space for price to drop. See how she goes...
Attached Image (click to enlarge)
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  • #1,527
  • Feb 25, 2016 2:57am Feb 25, 2016 2:57am
Morning from London! Missed the retest on GBPJPY, BIll618 you are bang on when you say how well the market is respecting TLs but I will wait for a better entry. What really has my attention today though is EURUSD - it broke through in the counter TL during the night and is now retesting nicely. Will await more confirmation but this could be the one today. 1st target around 1.1200 levels.
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  • #1,528
  • Feb 25, 2016 3:03am Feb 25, 2016 3:03am
Quoting Pip-Miner
{quote} I hope you sold them or you will wipe your account out
hi mate,

yes I sold it, had to. my margin was red already. wiped out last 3 days gain. 154.900 --> 156.500. 1600 pip. yesterday broke me. need to recover with clear head.
  • #1,529
  • Feb 25, 2016 3:06am Feb 25, 2016 3:06am
Quoting embo
{quote} hi mate, yes I sold it, had to. my margin was red already. wiped out last 3 days gain. 154.900 --> 156.500. 1600 pip. yesterday broke me. need to recover with clear head.
Take the lesson in your stride, if its a real account learn from it, ive blown an account before like many people in this game, use stop losses...
  • #1,530
  • Feb 25, 2016 3:24am Feb 25, 2016 3:24am
Quoting embo
{quote} hi mate, yes I sold it, had to. my margin was red already. wiped out last 3 days gain. 154.900 --> 156.500. 1600 pip. yesterday broke me. need to recover with clear head.

It happens,I got my account wiped out 3 times almost to the bankruptcy sold a plot and got back again, It's not your strategy that is making you lose its your emotion, I don't know if this happens to anyone else out there but with me all the time, whenever I used to to move my Sl back from the price I always had disaster but when I stick with my plan (the exit strategy), even if I get stopped out the next trade or maybe after few gives me more return the same week then of initial Tp of the loosing trade, and in my opinion it's better to close the trade then to carry a loosing one, my friend as Der's a saying "SOMETIMES YOUR BEST INVESTMENT ARE THE ONE YOU DONT MAKE" .

Take a lesson from it and do well. 😊

V
Precise Execution!
  • #1,531
  • Feb 25, 2016 3:46am Feb 25, 2016 3:46am
Quoting varun76
{quote} It happens,I got my account wiped out 3 times almost to the bankruptcy sold a plot and got back again, It's not your strategy that is making you lose its your emotion, I don't know if this happens to anyone else out there but with me all the time, whenever I used to to move my Sl back from the price I always had disaster but when I stick with my plan (the exit strategy), even if I get stopped out the next trade or maybe after few gives me more return the same week then of initial Tp of the loosing trade, and in my opinion it's better to...

thanks for advice. need some rest to clear my head. and some scalping to recover and return to swing.
  • #1,532
  • Feb 25, 2016 3:51am Feb 25, 2016 3:51am
Quoting embo
{quote} thanks for advice. need some rest to clear my head. and some scalping to recover and return to swing.
Precise Execution!
  • #1,533
  • Feb 25, 2016 4:31am Feb 25, 2016 4:31am
Quoting Bill618
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! {image}
This chart of yours is brilliant, Bill. Hopefully PA continues to respect the TL's you have there. Congrats!
  • #1,534
  • Feb 25, 2016 5:16am Feb 25, 2016 5:16am
Quoting lancedes
{quote} This chart of yours is brilliant, Bill. Hopefully PA continues to respect the TL's you have there. Congrats!
Thanks lancedes. Price is trying to get through the 155.8 support (bar lows and highs on the H1) but can't do it... yet.
Been a big day and i'm off to bed now so hoping to wake up to some pip profit
  • #1,535
  • Feb 25, 2016 5:45am Feb 25, 2016 5:45am
Quoting Bill618
3 shorts so far on the G/J TL bounce, hope you all caught it Looking for more below 156 and especially below 155.6 where there is some good space for price to drop. See how she goes... {image}
I admire your chart and analysis but with all do respect , I think that this is a very short term trend that to my experience will not stop the correction up move. Shorting at these levels means fishing for a very modest movement .
  • #1,536
  • Feb 25, 2016 6:12am Feb 25, 2016 6:12am
Im confused with G/U and G/J now.
E/U looks good for going long, but still not sure.
anyone got any ideas?
Looking for entries, but can't make up my mind...
  • #1,537
  • Feb 25, 2016 6:12am Feb 25, 2016 6:12am
Quoting Forex147
{quote} I admire your chart and analysis but with all do respect , I think that this is a very short term trend that to my experience will not stop the correction up move. Shorting at these levels means fishing for a very modest movement .
Yeah but.... it's not all all about pips. You don't need to bag a lot of pips in order to make a decent sum of cash. It's all about risk to reward.
GJ tapping through the top of that TL on the 1hr as we speak....
  • #1,538
  • Feb 25, 2016 6:13am Feb 25, 2016 6:13am
That's my account nearly blown. stops keep getting hit overnight, just missing my to.
  • #1,539
  • Feb 25, 2016 6:15am Feb 25, 2016 6:15am
Quoting SulikFXer
Im confused with G/U and G/J now. E/U looks good for going long, but still not sure. anyone got any ideas? Looking for entries, but can't make up my mind...
I'm not nailing any entries at the mo either. Having said that, the market seems to have just launched wholeheartedly into risk on mode.
  • #1,540
  • Feb 25, 2016 6:27am Feb 25, 2016 6:27am
Quoting lancedes
{quote} Yeah but.... it's not all all about pips. You don't need to bag a lot of pips in order to make a decent sum of cash. It's all about risk to reward. GJ tapping through the top of that TL on the 1hr as we speak....
I hope you understand now what I meant.
As I anticipated that 157.10 will not hold and prices will move higher. As I was also proven right in Usd/ Cad . Prices broke down. I don't want to brag but all my positions from yesterday in GU, GJ, UJ, EU and CAD going my way as I saw them.
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