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Forex Made Millionaire Thread for Blog Swing Trades

  • #1,781
  • Mar 1, 2016 5:30am Mar 1, 2016 5:30am
Quoting SulikFXer
{quote} Offcourse pip-miner is an asshole.... but he is OUR asshole
  • #1,782
  • Mar 1, 2016 5:37am Mar 1, 2016 5:37am
Quoting jsk3010
​I too am down this week, and it's 100% down to lack of patience. It's very hard to accept that some days you should not trade
Yes patience. And what that means for me is as i have analysed my losing trades from this week, there has only been 1 trade that i could truly truly say i was 95%+ confident it would go my way. The rest were more like 70/30. So patience waiting for those 95%ers is the key!

BTW, the one that has worked is EUR/CAD (see my post from Friday) and i have just shorted again as there is another nice BEOB on the 4h that has had a retrace on it and is moving down again. Sorry i can't post a chart atm.

I'm off to bed. Positive pips to the people
  • #1,783
  • Mar 1, 2016 6:09am Mar 1, 2016 6:09am
Quoting spartanforex
{quote} closed rest 112.65ish. i think it might run to around 113.08 before heading back down. 112.13/16 area i dont think will be a luanch pad for it. below 112 has lots of support area's. ill look to start a swing trade there with lots of back support.

well its done all its normal moves for it to reach its final destination or its already turned back up. i think its still in its cosolidation period and will head back to sub 112's before making a new high (above 114.85)


short 113.06 / stop 113.45 tp below 112

Ps reading the comments. how about instead of people talking crap. actually post charts or thoughts or ANYTHING Useful ? heres some great wisdom the market is NOT always TRENDING. theirs times where you will be waiting and watching thats were scalping or day trading comes in handy.
  • #1,784
  • Mar 1, 2016 6:55am Mar 1, 2016 6:55am
1.4 on GBP USD seems to be holding, thinking about adding another short here. H4 looks weakening its long push, hmm..
anyone has thoughts on GBP/USD?
  • #1,785
  • Mar 1, 2016 7:17am Mar 1, 2016 7:17am
Quoting SulikFXer
1.4 on GBP USD seems to be holding, thinking about adding another short here. H4 looks weakening its long push, hmm.. anyone has thoughts on GBP/USD?
I'm hesitant. I'm definitely thinking short but I'm not convinced now is the time and I'm trying to remain patient. I think it's possible to reach a new high today around the 140500 mark, at which point I'd be looking to short.
  • #1,786
  • Mar 1, 2016 9:32am Mar 1, 2016 9:32am
It looks like usd/jpy might have had its luanch pad for 112.13-16 support, a test of 112.53 and hold above will make it bullish and ready for a swing for me.
  • #1,787
  • Mar 1, 2016 9:40am Mar 1, 2016 9:40am
short 113.80 tp 112.60 stop 114.01 theirs enough meat on this for a trade here. 112.55 is a place both bulls and bears will want this to go before it decides to break the 113.99 high or break below to test the sub 112's
  • #1,788
  • Mar 1, 2016 9:47am Mar 1, 2016 9:47am
I went long eur usd off TL. I'm a newbie at swing but looked like a good place to start
  • #1,789
  • Mar 1, 2016 10:00am Mar 1, 2016 10:00am
Quoting Cybernat
{quote} bounced straight off of it and closed below on the hourly to my mind
and again - pretty strong rejection of the 200 ma on the hourly so far........
  • #1,790
  • Mar 1, 2016 10:15am Mar 1, 2016 10:15am
i think we need an update for "Weekly Forex Trading Outlook 2-28-2016"
  • #1,791
  • Mar 1, 2016 10:29am Mar 1, 2016 10:29am
Quoting Pip-Miner
{quote} im sure Geppy the founder of this thread , a swing trader, will band you.
LOL, I read his first few posts, banned him, then read this. Good call, brother!
check out my blog: forexmademillionaire dot com
  • #1,792
  • Mar 1, 2016 10:34am Mar 1, 2016 10:34am
Quoting nairate
i think we need an update for "Weekly Forex Trading Outlook 2-28-2016"
I don't write mid-week updates. I did once and it's just too much for me to commit to during the week.

I'm out of USD/CAD longs with a small loss. I was trying to play it from the lower trend channel support. Foolish in hindsight as it isn't a trade that aligned with my swing trading philosophy. I always get burned trading count-trend. Trying to break that habit. I'll be waiting to short if/when it goes to the zone outlined in the outlook.

GBP/JPY also stopped out last night. Looking interesting at current levels though and possible short entry today.

We could be seeing a failure setting up here in USD/JPY. So far we haven't been able to take out previous highs, and the old trend line is offering some resistance:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-01 08.32.51.png Size: 213 KB


I closed GBP/USD shorts from yesterday with a small profit. I'm not in EUR/USD and don't plan to be this week. So not much going on those pairs for me right now.

Basically, flat and waiting for the right opportunity.
check out my blog: forexmademillionaire dot com
  • #1,793
  • Mar 1, 2016 10:40am Mar 1, 2016 10:40am
Quoting Bill618
{quote} Lesson for the day: Don't listen to gossip! Thanks for the info ST @Geppy, @Good Lookin, when you have time could you please explain in more detail why you shorted G/J when you did. Yes there was a TL/resistance but what were the other confluences? This would help me (and others i'm sure) Thanks, Bill
Here's a repost of that chart.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ 2016.02.22.png Size: 146 KB


The blue box on the right in the Weekly and daily charts is a channel (what i consider to be a channel). Price cleared the low, went a little lower and then retraced. Once price cleared the low i was looking for shorts. I follow the direction of the weekly/daily charts.

Since i'm looking for shorts now, i'll use any reason to short.

If price goes against my short bias with no significant rejections for too long on the hourly then i'll short it once it looks exhausted or it just stops and channels in 1 area. In this case price retraced up to and past the 50% mark of that recent move while moving up consistently. Once it got high enough i figured it was good time to short.

Another reason i shorted was because of that angled trend line.

I figured i'd take shorts down to at least 160.00 where price first moved from.

Most important thing here is that i didn't know if it would go down. As a matter of fact my 1st short was stopped out. All i knew is that Daily/Weekly looked bearish, price stopped moving up, and the buyers bought from 160. I didn't even know if 160 would have held. I just didn't close all my positions and let price do its thing.
  • #1,794
  • Mar 1, 2016 10:44am Mar 1, 2016 10:44am
Quoting krismitt
Trading USDCAD? {image} Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: CAD_1.png Size: 18 KB


My first real catch for the week. Shorted at the bottom of the (shaded) range.

Gonna let her run; will be adding on bounces.

Cheers.
  • #1,795
  • Mar 1, 2016 10:52am Mar 1, 2016 10:52am
Also my current trades,

UCad short @1.3474. Channel break. Following my short bias from last week.
EU short @1.0852. Channel break. Short bias from daily/weekly
GU short @1.4008. Looked like a good place to for a short trade to hold for the retest of fridays high.

GJ short @ 156.84. Stopped out. Took it from the angled trend line.
UJ short @ 112.58 Stopped out. 1h channel break from the middle of the range like a sucka.

Still in my EU shorts from last week @ 1.1113 and 1.1064
  • #1,796
  • Mar 1, 2016 11:03am Mar 1, 2016 11:03am
there's another possible support for usd/jpy between here and 112.53 at 112.89ish . (prefer the higher one if we break the recent highs 114)

i short u/cad earlier small position from 135,25 before their gdp numbers and closed it right below channel at 134.25, i should have let that one run, usually a bottom is made on a burst. i think usd/cad will bottom out soon (sometime this week) oil cant possibly keep going up when the market is so heavily over supplied ($36/37 on WTI seemslike a good place to short) . i think thats when they'll try to use the yen to prop up the market. looking to long usd/cad and usd/jpy soon.
  • #1,797
  • Mar 1, 2016 11:03am Mar 1, 2016 11:03am
Gbp/Jpy is facing some resistance at 158.73,if this candle closes above the resistance level i will consider going long
The divergence is an interesting thing to watch too in the next few hours
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 46 KB
  • #1,798
  • Mar 1, 2016 11:16am Mar 1, 2016 11:16am
well we got a new high on usd/jpy. going to look for a retrace to get on board its choo choo train. i had it longed heavy at 112.20 wrong bias for sub 112's

hopefully 112.53 comes or 112.89 atleast
  • #1,799
  • Mar 1, 2016 11:57am Mar 1, 2016 11:57am
Quoting spartanforex
well we got a new high on usd/jpy. going to look for a retrace to get on board its choo choo train. i had it longed heavy at 112.20 wrong bias for sub 112's hopefully 112.53 comes or 112.89 atleast
We get a breakout and a good long signal, I will take it to 116.00

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 25 KB
  • #1,800
  • Mar 1, 2016 12:18pm Mar 1, 2016 12:18pm
Quoting Golfingchef
{quote} We get a breakout and a good long signal, I will take it to 116.00 {image}

nice triangle we could form if this goes back to 112.50's (nice chart BTW)


this what i like to see people sharing stuff that other's (me) might have not noticed
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