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Forex Made Millionaire Thread for Blog Swing Trades

  • #1,861
  • Mar 2, 2016 7:42am Mar 2, 2016 7:42am
think u/j might retrace to a minimum of 113.33.
  • #1,862
  • Mar 2, 2016 7:50am Mar 2, 2016 7:50am
Hey gang, that channel I showed yesterday afternoon broke to the upside and we're now retesting it as support. I was stopped out of my shorts for a slight loss and considering flipping to long now near 160.00:

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check out my blog: forexmademillionaire dot com
  • #1,863
  • Mar 2, 2016 8:00am Mar 2, 2016 8:00am
Quoting SulikFXer
{quote} I guess you re right. Congrats on the long call, not sure how long will it last though. Anyway as I am happy some of you guys made money, I'm baffled on your decision since it didn't make absolutely any sense to me to go long at that time hahah I didnt trade, so no losses here, just some frustration over my own ignorance hah.
A big part of accepting the direction for me is simply to watch other pairs.
Eurgbp has been retracing short, GJ will go long at the exact same moments.
UJ is bullish, GJ has more or less been bullish along with it.

While short is obviously my bias as well, corrective times are always necessary sooner or later.
  • #1,864
  • Mar 2, 2016 8:00am Mar 2, 2016 8:00am
Quoting Geppy
Hey gang, that channel I showed yesterday afternoon broke to the upside and we're now retesting it as support. I was stopped out of my shorts for a slight loss and considering flipping to long now near 160.00: {image}
My short got stopped out by a handful of pips .. damn !
Was testing the waters using 5 micro lots so not much damage done.
Standing on the sideline to see which way the pips fall.
Live life king size !
  • #1,865
  • Mar 2, 2016 8:01am Mar 2, 2016 8:01am
On GJ D, downtrend is still intact. So this up channel could be a minor reversal. EMA.20 is now at 162, which may be the level of truth.

PS: 162. is near 38% retrace on down move from 174.
  • #1,866
  • Mar 2, 2016 8:24am Mar 2, 2016 8:24am
S
Quoting Rurozan
{quote} A big part of accepting the direction for me is simply to watch other pairs. Eurgbp has been retracing short, GJ will go long at the exact same moments. UJ is bullish, GJ has more or less been bullish along with it. While short is obviously my bias as well, corrective times are always necessary sooner or later.
Hi Rurozan, my UJ, GJ long mate. I got out of my long positions , and monitoring the price action for now. As for EG , Euro have been capped to the downside I guess coz people are expecting a more cut to the negative in interest rate on the coming ECB meeting. So obviously when GU appreciate EG will go down and GJ will rise. The reasons that made me take profit on GJ and UJ although I was looking for 161 area on GJ are:
GJ first leg of retrace from 154.70 area to 158.50 area about 4 big points, the second leg started from 156.20 to 160.40 area which is also 4 big points.
Short term hourly up TL on UJ has been broken, and 4H GU prices has reached 100 ma and retraced. This all coming together on the same time made me secure my profit and wait, actually I might be looking to short GJ soon.

So what u think??
  • #1,867
  • Mar 2, 2016 8:38am Mar 2, 2016 8:38am
Quoting Geppy
Hey gang, that channel I showed yesterday afternoon broke to the upside and we're now retesting it as support. I was stopped out of my shorts for a slight loss and considering flipping to long now near 160.00: {image}
Sorry to hear that. Tough week for you.
L.S./M.F.T.
  • #1,868
  • Mar 2, 2016 8:40am Mar 2, 2016 8:40am
I just shorted GJ @160.03
  • #1,869
  • Mar 2, 2016 9:04am Mar 2, 2016 9:04am
Quoting Forex147
{quote} Hi Rurozan, my UJ, GJ long mate. I got out of my long positions , and monitoring the price action for now. As for EG , Euro have been capped to the downside I guess coz people are expecting a more cut to the negative in interest rate on the coming ECB meeting. So obviously when GU appreciate EG will go down and GJ will rise. The reasons that made me take profit on GJ and UJ although I was looking for 161 area on GJ are: GJ first leg of retrace from 154.70 area to 158.50 area about 4 big points, the second leg started from 156.20 to 160.40...
I haven't been able to watch too much and missed the high, otherwise I might have taken profits there for the time being.
I view this current short as a small retrace and I'm actually thinking of adding a long if my channel holds out. If it doesn't, I get stopped out for 20 pips profit.
  • #1,870
  • Mar 2, 2016 9:04am Mar 2, 2016 9:04am
Short GBP/JPY 159.826.
  • #1,871
  • Mar 2, 2016 9:07am Mar 2, 2016 9:07am
Quoting swetrader
Short GBP/JPY 159.826.
Right there with you. Nice photo/username by the way. That stands for Swedish Trader?
L.S./M.F.T.
  • #1,872
  • Mar 2, 2016 9:08am Mar 2, 2016 9:08am
Quoting Forex147
I just shorted GJ @160.03
L.S./M.F.T.
  • #1,873
  • Mar 2, 2016 9:09am Mar 2, 2016 9:09am
Haha thank you. Yep, Swedish Trader it is!
  • #1,874
  • Mar 2, 2016 9:09am Mar 2, 2016 9:09am
Quoting Rurozan
{quote} I haven't been able to watch too much and missed the high, otherwise I might have taken profits there for the time being. I view this current short as a small retrace and I'm actually thinking of adding a long if my channel holds out. If it doesn't, I get stopped out for 20 pips profit.
It is alright as long as you have locked some profit into the trade.. Which channel you are talking about?
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  • #1,875
  • Mar 2, 2016 9:18am Mar 2, 2016 9:18am
Quoting swetrader
Short GBP/JPY 159.826.
can I ask why you guys are shorting when the short term trend is up?
  • #1,876
  • Mar 2, 2016 9:20am Mar 2, 2016 9:20am
I added long also, mindful of the divergence, which is the same for GU but hasn't hurt yet
  • #1,877
  • Mar 2, 2016 9:22am Mar 2, 2016 9:22am
Quoting Forex147
{quote} It is alright as long as you have locked some profit into the trade.. Which channel you are talking about? {image}
The rising green trendline with the X under it.

And it pushed long before I got to add another entry. Oh well. But it is above 160 again, as Geppy suggested.
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  • #1,878
  • Mar 2, 2016 9:25am Mar 2, 2016 9:25am
Quoting RadboneFX
{quote} can I ask why you guys are shorting when the short term trend is up?
Well , it is a good question that I humbly answered on the previous page and the ☝🏼️Chart. Prices did penetrate the GJ channel again from the upside. I am just looking for the GU if the major resistance point of 1.4070sh will hold for now or not.
  • #1,879
  • Mar 2, 2016 9:33am Mar 2, 2016 9:33am
Quoting Rurozan
{quote} The rising green trendline with the X under it. And it pushed long before I got to add another entry. Oh well. But it is above 160 again, as Geppy suggested. {image}
Aha, anyway I was wondering what was the price you got your long on? Coz I remember you joined me on that long trade earlier which I myself took @ 158.88
  • #1,880
  • Mar 2, 2016 9:35am Mar 2, 2016 9:35am
Well it looks like crude oil will provide another long opportunity. A bounce before 159.62
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