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Forex Made Millionaire Thread for Blog Swing Trades

  • #1,821
  • Mar 1, 2016 7:36pm Mar 1, 2016 7:36pm
Quoting Forex147
You will notice in this 4H UJ that prices tried to penetrate the green line( 100 day MA) at the point 113.95 and failed, and tried again and penetrated the line and now it acts as support. My second point is UJ was trending upwards for the 3 days and was reversed for one day and came up aggressively today, with in my experience is a bullish sign. {image}
Right, while UJ hasn't broken through 114, it hasn't been rejected either. It's been 9 hours of accumulating here. My guess is there will be a break long sooner or later.
This is part of the reason I'm still expecting long out of GJ, at least to 160. I'm not sure how much higher I will be trading it, but I'm definitely not throwing shorts yet.
  • #1,822
  • Mar 1, 2016 7:42pm Mar 1, 2016 7:42pm
Quoting Rurozan
{quote} Right, while UJ hasn't broken through 114, it hasn't been rejected either. It's been 9 hours of accumulating here. My guess is there will be a break long sooner or later. This is part of the reason I'm still expecting long out of GJ, at least to 160. I'm not sure how much higher I will be trading it, but I'm definitely not throwing shorts yet.
Lets wait and see
  • #1,823
  • Mar 1, 2016 7:46pm Mar 1, 2016 7:46pm
For those in UCad, consider that it may be running out of steam.

Ending diagonal and divergence (?) unless I'm mistaken.
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  • #1,824
  • Mar 1, 2016 8:01pm Mar 1, 2016 8:01pm
Quoting Rurozan
For those in UCad, consider that it may be running out of steam. Ending diagonal and
divergence (?) unless I'm mistaken. {image}
I have some short CAD positions @1.39 keeping them hopefully for weeks to come.
Anyway you charts maybe valid if you are looking for small move and you have to be strict with SL .

Note: I guess 161 is vey much achievable on GJ if prices went up.
  • #1,825
  • Mar 1, 2016 8:32pm Mar 1, 2016 8:32pm
Quoting Rurozan
{quote} Right, while UJ hasn't broken through 114, it hasn't been rejected either. It's been 9 hours of accumulating here. My guess is there will be a break long sooner or later. This is part of the reason I'm still expecting long out of GJ, at least to 160. I'm not sure how much higher I will be trading it, but I'm definitely not throwing shorts yet.
USJ has indeed kissed the 114.00 and is staying shy of the 26D dynamic trend line. Let us see if this can be penetrated.
As far as GBPJ, well it is creeping up to the 160.00 resistance.
Is there any reason why USD and GBP should play tag team unless there is a reason to be all round risk off ?
I am just reading the charts boys. So we will have to wait and see how this plays out.
I am ready to jump in with a sell order for GBPJ at around 160.00 simply because the chart tells me and the risk to reward cannot be ignored.
Live life king size !
  • #1,826
  • Mar 1, 2016 8:37pm Mar 1, 2016 8:37pm
Quoting Forex147
{quote} I have some short CAD positions @1.39 keeping them hopefully for weeks to come. Anyway you charts maybe valid if you are looking for small move and you have to be strict with SL . Note: I guess 161 is vey much achievable on GJ if prices went up.
Seriously, me too. The monthly and weekly look like nice
  • #1,827
  • Mar 1, 2016 8:56pm Mar 1, 2016 8:56pm
Quoting FSUtrader
{quote} Seriously, me too. The monthly and weekly look like nice
Exactly, I had a very big position, which I unloaded between 1.3500, and 1.3485 on the 29th of last month. It was my target from the start and I was very elated that my projection for the month low came true.
I kept few positions for the long term , and as you mentioned the monthly chart looks great, but I am intending to add new positions on retracements, starting next week after the non-farm pay rolls.
  • #1,828
  • Mar 1, 2016 9:46pm Mar 1, 2016 9:46pm
just went long UJ and GJ.
  • #1,829
  • Mar 1, 2016 9:54pm Mar 1, 2016 9:54pm
Quoting Forex147
just went long UJ and GJ.
I'm with you. Price action has been ugly, but I see it too.
  • #1,830
  • Mar 1, 2016 9:57pm Mar 1, 2016 9:57pm
Quoting Rurozan
{quote} I'm with you. Price action has been ugly, but I see it too.
I was waiting for that small push downward to go long. Good luck for us.
  • #1,831
  • Edited 10:21pm Mar 1, 2016 10:06pm | Edited 10:21pm
Quoting Forex147
{quote} I was waiting for that small push downward to go long. Good luck for us.
GBPJPY Comment:
I agree that GJ can have more upside before turning bearish again. Best is to wait for London Session, but PA seems to have more steam ( can be some 100-250 more pips on the long side) since it made higher high on H4 chart after a long time. BTW, Geppy, that Divergence you see might be maybe due to less liquidity in Asian Session and after London close yesterday. Just a tought. ( Placing shorts now might be a bit too early, atm at least- most of TFs are still bullish)
Attached Image (click to enlarge)
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PVSRA
  • #1,832
  • Mar 1, 2016 10:20pm Mar 1, 2016 10:20pm
Quoting Fisher755
{quote} GBPJPY Comment: I agree that GJ can have more upside before turning bearish again. Best is to wait for London Session, but PA seems to have more steam ( can be some 100-250 more pips on the long side) since it made higher high on H4 chart after a long time. BTW, Geppy, that Divergence you see might be maybe due to less liquidity in Asian Session. Just a tought. ( Placing shorts now might be a bit too early, atm at least- most of TFs are still bullish) {image}
Best trades are made on calm markets.
  • #1,833
  • Mar 1, 2016 10:22pm Mar 1, 2016 10:22pm
Quoting Rurozan
{quote} I'm with you. Price action has been ugly, but I see it too.
Long at resistance?
  • #1,834
  • Mar 1, 2016 10:25pm Mar 1, 2016 10:25pm
Quoting Forex147
{quote} Best trades are made on calm markets.
Maybe, but also the worst.

Just kidding.
Check out Frankfurt and London open for few days history. You will notice that when the pair was bearish, PA was pumped up. So if it is bullish today, it can be whacked down real good. 75 pips or so, usual retrace range GJ.
And the other way around- if it is bearish, it can be whipped up real good before that High impact news next early London session.
PVSRA
  • #1,835
  • Mar 1, 2016 10:31pm Mar 1, 2016 10:31pm
Quoting Forex147
{quote} Best trades are made on calm markets.
And we can run a smaller SL if we catch it early!

Quoting jampang
{quote} Long at resistance?
Where?

Quoting Fisher755
{quote}High impact news next early London session.
Fully aware and looking forward to it.
  • #1,836
  • Mar 1, 2016 11:31pm Mar 1, 2016 11:31pm
GJ...we wait...
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We err, and err, and err again, but less.
  • #1,837
  • Mar 1, 2016 11:38pm Mar 1, 2016 11:38pm
Quoting Forex147
{quote} I was waiting for that small push downward to go long. Good luck for us.
I totally agree that G/J is bullish due in part to the sweeeet BUOB (arrow).
F147, were you waiting for price to hit the bar high from a few days ago (pink line)?

How do you think it will weather the first resistance just ahead at the 160.0?
If it can navigate that, with some time, i see 164.0 as a possible turning point (2nd orange line).

Bill
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  • #1,838
  • Mar 1, 2016 11:56pm Mar 1, 2016 11:56pm
Quoting dweb
GJ...we wait... {image}
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  • #1,839
  • Mar 2, 2016 12:17am Mar 2, 2016 12:17am
Quoting Rurozan
{quote} {image}
time for fun while we wait...we pray...hahahaha
We err, and err, and err again, but less.
  • #1,840
  • Mar 2, 2016 12:27am Mar 2, 2016 12:27am
Quoting Rurozan
{quote} {image}
No reason why a 152level cannot be on the cards soon...
We err, and err, and err again, but less.
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