Forex Made Millionaire Thread for Blog Swing Trades

Quoting SulikFXer

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Hi Geppy Yeah, i think most of us could use a step back at the moment however, deep breaths aside. you guys have any sentiments on market direction? I think GJ and GU will continue downward. EU is going up. Considering H4 timeframes here. What's your take on this?

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Quoting Geppy

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{quote} GBP/USD can't seem to break below 1.3900 again and head for new lows. I just posted about GBP/JPY. Here's what I see on USD/JPY: {image} It's close to testing the gold trend line as resistance. I honestly don't feel comfortable shorting yet. Something just gives me the feeling that it could push right through. USD/CAD I'm not messing with. I lost 20 pips on it last night, which isn't much, but it was my second attempt at longs there. It's choppy now which is understandable given the inflection point it's trading at.

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Quoting RadboneFX

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I'm glad to say that I managed to recover slightly with an all or nothing approach (I hope I don't have to do that again!). I was in negative pips with a position. I waited for a peak and put everything on it to close my position on the retrace. It worked this time and I'll live to trade another day! Hard week this week.

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Quoting raiders

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end of the month and getting to end of week guys....gonna be some profit taking to make a wick...that plus the madness in equities is making for some schizo trading

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Quoting RadboneFX

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I'm glad to say that I managed to recover slightly with an all or nothing approach (I hope I don't have to do that again!). I was in negative pips with a position. I waited for a peak and put everything on it to close my position on the retrace. It worked this time and I'll live to trade another day! Hard week this week.

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Quoting Geppy

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{quote} Great points, raiders. Could definitely get uglier.

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Quoting raiders

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{quote} yeah man its rough right now im going to take the rest of the week off. theres no swing to catch at all right now imo and probably wont be till maybe tue since the month is going to end on monday with the leap year GJ though has carved out a lovely bear flag so thats promising...only thing to do is sit on hands and either wait for it to reach the longer term outside trendline or wait for the break. hard time seeing a break in this shit environment anyways gonna take the kid to disneyland to keep away from the chop

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Quoting Geppy

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{quote} Good thinking man. And my wife would be jealous of the Disneyland day lol.

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Quoting raiders

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{quote} id be jealous of a day at the warf if its any consolation

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Quoting Monteverde

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Dont know about everyone else but it's been a frustrating week for me. I've seen a lot of positions stopped overnight when they were heavily in profit at one point. I'm still up for the week so I'm grateful, but I don't think I've ever seen that much unrealised profit reversed on me before. I suppose this was a week where holding my trades to the very end didn't pay off, but at least I held on. It may just be the tough week talking but I don't see anything I'm too eager to dip my feet into right now. I think it might be worth clearing my head over...

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Quoting foxtrader16

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{quote} GBPUSD Breaking below 1.3900 will take a strong negative sentiment because this has not happened since the 1980s. If it happens that will be a really nice pay day This is a really cool blog and kudos to you Geppy for bringing us all in together !

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Quoting raiders

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{image}

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Quoting sylbolid

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Geppy and other traders I would like to ask you why you don't use horizontal support and resistance in your analysis? Thanks, Syl

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