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Forex Made Millionaire Thread for Blog Swing Trades

  • #1,681
  • Feb 28, 2016 10:51pm Feb 28, 2016 10:51pm
This is a great thread. I will be checking it out regularly. Thanks Geppy.
  • #1,682
  • Feb 28, 2016 11:04pm Feb 28, 2016 11:04pm
Quoting jampang
I will add short position once trendline UJ break.. {image}
Hi jampang,
How low do you think it is going?
  • #1,683
  • Feb 28, 2016 11:55pm Feb 28, 2016 11:55pm
Quoting Bill618
{quote} Hi jampang, How low do you think it is going?
I believe around 106.x maybe lower
  • #1,684
  • Feb 29, 2016 12:00am Feb 29, 2016 12:00am
Quoting jampang
{quote} I believe around 106.x maybe lower
Wow, that is some fall especially when you consider a lot here think it is headed the other way.
if it gets to 106, are we talking days, weeks, months?...
Bill
  • #1,685
  • Feb 29, 2016 3:41am Feb 29, 2016 3:41am
Uj might decide to have a walk in the park before that 106, i sense divergence in many different timeframes (H1, h4 and even d1) and also the sma which crossing up in h1.
I decided to go long @ 112.8 with sl 112.1. I maybe not wise here but will make every lesson worth it.
  • #1,686
  • Feb 29, 2016 4:04am Feb 29, 2016 4:04am
Large bids in USDJPY around 112.50

The bids around 112.50 are said to be from Japanese Trust banks to the tune of €2bn.
  • #1,687
  • Feb 29, 2016 4:12am Feb 29, 2016 4:12am
Quoting nairate
Large bids in USDJPY around 112.50 The bids around 112.50 are said to be from Japanese Trust banks to the tune of 2bn.
So for the novice like me, what does this mean for price?
  • #1,688
  • Feb 29, 2016 4:13am Feb 29, 2016 4:13am
I went in long on UJ this morning to sync my trades with Geppy and give his style a try.
  • #1,689
  • Feb 29, 2016 4:18am Feb 29, 2016 4:18am
Quoting Bill618
{quote} So for the novice like me, what does this mean for price?
It means that someone is trying to put a floor under the market by saying that they have big buys at a certain level. That is the only reason that you would divulge where your bids are located.

If that person truly wanted to fill those orders, they would keep quiet and let the market come to them.

Those orders can also be cancelled at a moments notice.

GREEN pips to you my friend.
  • #1,690
  • Feb 29, 2016 4:40am Feb 29, 2016 4:40am
It usually really means absolutely nothing. They want to prevent a further fall of JPY, hence announce that they have big bids waiting should the price go there. With that they are trying to push traders out of shorts around that levels and make them take profit if they are short + reverse their positions. Hence they do not even have to execute any orders and must not really HAVE any orders at that level at all. It´s just the try of the manipulation of traders, nothing more.
  • #1,691
  • Feb 29, 2016 6:09am Feb 29, 2016 6:09am
Ok thanks guys
  • #1,692
  • Feb 29, 2016 6:22am Feb 29, 2016 6:22am
Great thread. I will visit here to learn from you Geppy and other contributors.
  • #1,693
  • Feb 29, 2016 6:59am Feb 29, 2016 6:59am
Quoting SmoothTrader
{quote} It means that someone is trying to put a floor under the market by saying that they have big buys at a certain level. That is the only reason that you would divulge where your bids are located. If that person truly wanted to fill those orders, they would keep quiet and let the market come to them. Those orders can also be cancelled at a moments notice. GREEN pips to you my friend.
SmoothTrader,


WOW, my friend, you nailed it with that post!

... and BTW, congrats to Geppy for his effort to help others . Excellent thread!
PVSRA
  • #1,694
  • Feb 29, 2016 7:02am Feb 29, 2016 7:02am
Quoting Bill618
{quote} Wow, that is some fall especially when you consider a lot here think it is headed the other way. if it gets to 106, are we talking days, weeks, months?... Bill
It is unfair to ask him to become the Oracle of Delphi won't you think ?
Live life king size !
  • #1,695
  • Feb 29, 2016 7:07am Feb 29, 2016 7:07am
Quoting geektrader
It usually really means absolutely nothing. They want to prevent a further fall of JPY, hence announce that they have big bids waiting should the price go there. With that they are trying to push traders out of shorts around that levels and make them take profit if they are short + reverse their positions. Hence they do not even have to execute any orders and must not really HAVE any orders at that level at all. Its just the try of the manipulation of traders, nothing more.
You could be Sherlock my friend. Clear and cogent deduction.
Live life king size !
  • #1,696
  • Feb 29, 2016 10:56am Feb 29, 2016 10:56am
Hi guys,

I currently have a long open on USD/CAD. The stop is in positive pips. I'm wondering if I should close the position before close of business/month end today? will there be a big sell off?
  • #1,697
  • Feb 29, 2016 11:04am Feb 29, 2016 11:04am
Hi gang, sorry I haven't been around much in the last 24 hours or so. Mrs. Geppy and I have had our hands full with our new pup. We named her Pippa and I like to call her "Pip" or "Pips" for short. Mrs. Geppy has no idea regarding the forex reference

I actually don't have any trades on right now. I was stopped out of my GBP/JPY longs I put on last week and I'm now look at potential shorts. Waters are a bit murky. I'm also considering taking some USD/CAD longs as discussed in the weekly outlook. EUR/USD took a tumble it seems, so that's looking like we may start a new trend lower. But if you look at the higher timeframes, we're really still stuck in a big range... so not sure that's swing worthy quite yet.

What else is everyone looking at?
check out my blog: forexmademillionaire dot com
  • #1,698
  • Feb 29, 2016 11:08am Feb 29, 2016 11:08am
Quoting RadboneFX
Hi guys, I currently have a long open on USD/CAD. The stop is in positive pips. I'm wondering if I should close the position before close of business/month end today? will there be a big sell off?
If the stop is in positive territory, why not just let it ride?
check out my blog: forexmademillionaire dot com
  • #1,699
  • Feb 29, 2016 11:17am Feb 29, 2016 11:17am
Quoting Geppy
Hi gang, sorry I haven't been around much in the last 24 hours or so. Mrs. Geppy and I have had our hands full with our new pup. We named her Pippa and I like to call her "Pip" or "Pips" for short. Mrs. Geppy has no idea regarding the forex reference I actually don't have any trades on right now. I was stopped out of my GBP/JPY longs I put on last week and I'm now look at potential shorts. Waters are a bit murky. I'm also considering taking some USD/CAD longs as discussed in the weekly outlook. EUR/USD took a tumble it seems, so that's looking...
Congratulations for the new arrival, princess "Pip"!
  • #1,700
  • Feb 29, 2016 11:31am Feb 29, 2016 11:31am
Quoting Fadhl
{quote} Congratulations for the new arrival, princess "Pip"!
haha, yes!
check out my blog: forexmademillionaire dot com
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