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Forex Made Millionaire Thread for Blog Swing Trades

  • #1,901
  • Mar 2, 2016 3:09pm Mar 2, 2016 3:09pm
Quoting SulikFXer
{quote} oooor.....OOOOR, he is just insanely rich and bored with his life. btw. life story: I met an Arab guy who wanted to be a trader so bad, to prove to his family he is more than inherited oil fortune. He was so funny. He would just open a trade as he pleased and then when it was making money he would look at me and say "See?" When the trade went bad he would just keep it open, even for months. He said "The market will eventually turn". Zero analysis. His account was so massive it would withstand any drawdown. Funny story, I wonder...
Still rich but with a lot of drawdown
  • #1,902
  • Mar 2, 2016 3:17pm Mar 2, 2016 3:17pm
for those who missed it :
Quoting Geppy
Hey gang, I won't lie I've had my ass handed to me this week already for a few reasons. I was short yesterday and got too aggressive with it. This even after I outlined on the blog why I think we're heading higher. I did some revenge trading and things got uglier. I should have stayed out of the market all together. I'm definitely not perfect or a trading master. I hate that some of you seem to think so. I got pwned this week just like many of you do. But I'm working on recovering from it. And this is what I'm seeing in GBP/JPY right now. Now that...
  • #1,903
  • Mar 2, 2016 3:19pm Mar 2, 2016 3:19pm
Quoting spartanforex
think u/j might retrace to a minimum of 113.33.

minimum reached, still waiting for something close to 112.89 and 112.53


you guys notice usd/cad price action ? actually oils price action ? huge inventory build, oil dropped and then spiked way higher after ! going to be watching oil and usd/cad price action next few days for a possible swing long position.
  • #1,904
  • Mar 2, 2016 3:22pm Mar 2, 2016 3:22pm
Quoting Pip-Miner
{quote} Beautiful trade , price action - takes great nerve to take trades of that size and we should be honoured to have you part of the team
Thank you a lot for your kind words. The honour is all mine. It was a long journey since I became what I would say an Ok trader. I learnt the hard way but I was persistent to watch the markets even at the times when I had no money to trade with. For me the most element that I worked on and help me to become a successful trader is psychology . The game of the mind, when you are watching prices and adrenaline comes along , that's when you get hurt and act irrationally.

Just read the biography of great traders , most of them got wiped out several times , and most they studied psychology.
By the way I have been into trading ten years ago but I was pretty ignorant at that time . I have been trading on and off as a hobby . Although now I have my own biz. I do trade a lot and looking to be a full time trader soooon.

To tell you a secret , the past month Feb 2016 I had my biggest positions ever (170) contracts mostly UCad , Wti oil and Nasdaq futures and thank God it was biggest profit ever. I was very happy not only because of the money , but that I took the challenge with myself to trade with discipline and fight the feeling of panic when prices retrace on me and control the feeling of elation when prices went my way.
I wish all of you the best.
  • #1,905
  • Mar 2, 2016 3:24pm Mar 2, 2016 3:24pm
Quoting Pip-Miner
for those who missed it : {quote}
Ummm... thanks? lol
check out my blog: forexmademillionaire dot com
  • #1,906
  • Mar 2, 2016 3:28pm Mar 2, 2016 3:28pm
Quoting SulikFXer
{quote} oooor.....OOOOR, he is just insanely rich and bored with his life. btw. life story: I met an Arab guy who wanted to be a trader so bad, to prove to his family he is more than inherited oil fortune. He was so funny. He would just open a trade as he pleased and then when it was making money he would look at me and say "See?" When the trade went bad he would just keep it open, even for months. He said "The market will eventually turn". Zero analysis. His account was so massive it would withstand any drawdown. Funny story, I wonder...
Haha , by the way I am an Arab myself but not from the Gulf rich countries but from Sudan , North Africa. And by the way I met a lot of people like that. They are whom feeding the trading world with money.
  • #1,907
  • Mar 2, 2016 3:30pm Mar 2, 2016 3:30pm
Quoting Geppy
{quote} I posted some analysis earlier. But it's probably a couple pages back now. Seems like a lot of garbage with people trying to catch small trades. I'm also extremely busy (as I mentioned the other day). Mrs. Geppy and I have a new puppy, Pippa, and she's a lot of work. I'm also raising a round of venture capital for my company which is an extremely time consuming process. So I won't be around as much as I normally am.
Yeah . Congrats for Pippy . I read the earlier post but when I saw you online I wanted to greet you. That's all.
  • #1,908
  • Mar 2, 2016 3:41pm Mar 2, 2016 3:41pm
Quoting Bill618
{quote} What ema's or sma's do you use. Thanks in advance!
Mostly I use ema 26, 52, 100 and 200, but let me say that there no holy grail for trading. Some commodities might have different ema's . You have to do some homework and try different time frames on the history of your intended commodity and figure out which works best. As I think Geppy mentioned some pages back , trading is some art and some knowledge. One has to build a sense of the market movement on the item traded and this comes with time. Experience.
  • #1,909
  • Mar 2, 2016 3:46pm Mar 2, 2016 3:46pm
Quoting spartanforex
{quote} minimum reached, still waiting for something close to 112.89 and 112.53 you guys notice usd/cad price action ? actually oils price action ? huge inventory build, oil dropped and then spiked way higher after ! going to be watching oil and usd/cad price action next few days for a possible swing long position.
Good call . Congrats.
  • #1,910
  • Mar 2, 2016 4:04pm Mar 2, 2016 4:04pm
Quoting Geppy
{quote} I posted some analysis earlier. But it's probably a couple pages back now. Seems like a lot of garbage with people trying to catch small trades. I'm also extremely busy (as I mentioned the other day). Mrs. Geppy and I have a new puppy, Pippa, and she's a lot of work. I'm also raising a round of venture capital for my company which is an extremely time consuming process. So I won't be around as much as I normally am.
Yup, mostly garbage here but just got to sift through it. The only trade I have been in all week is UC which has put me in green about 150+ pips. I'm expecting to hold for sometime maybe a couple weeks at least. The monthly and weekly charts just looked to nice to not get short. I tried my hand getting short a couple times on UJ and obviously got stopped out. Over all im happy with the week so far. I didn't chase trades in EU or GU
  • #1,911
  • Mar 2, 2016 5:06pm Mar 2, 2016 5:06pm
looks like dragon about to test the upper channel again 160.50 , last few attempts have failed with retraces of 80+ so im not confident it will break through due to a team of bears there. People have been trading 159.5 - 160.5..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dragon.PNG Size: 25 KB
Click to Enlarge Name: dragon2.PNG Size: 31 KB
  • #1,912
  • Mar 2, 2016 6:49pm Mar 2, 2016 6:49pm
My USDCAD analysis..

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 25 KB


perfect swing setup if materialized...
  • #1,913
  • Mar 2, 2016 6:58pm Mar 2, 2016 6:58pm
Quoting Pip-Miner
looks like dragon about to test the upper channel again 160.50 , last few attempts have failed with retraces of 80+ so im not confident it will break through due to a team of bears there. People have been trading 159.5 - 160.5.. {image} {image}
I still believe we're going higher; I'm looking at the daily fib retracement levels to targets. Specifically, 162.42 would be the next one in line.
check out my blog: forexmademillionaire dot com
  • #1,914
  • Mar 2, 2016 7:18pm Mar 2, 2016 7:18pm
Quoting Geppy
{quote} I still believe we're going higher; I'm looking at the daily fib retracement levels to targets. Specifically, 162.42 would be the next one in line.
I do like that it has been staying right along your upper trendline and the 160 area, as if it's going to break through with some good energy sooner or later.
  • #1,915
  • Mar 2, 2016 8:50pm Mar 2, 2016 8:50pm
Quoting jampang
My USDCAD analysis.. {image} perfect swing setup if materialized...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_05.png Size: 30 KB


Trading what I see.

Cheers.
  • #1,916
  • Mar 2, 2016 9:48pm Mar 2, 2016 9:48pm
Quoting krismitt
{quote} {image} Trading what I see. Cheers.
From the 2011-7-25 low to the 2016-1-20 high it has retraced back down 23.6% of that entire move up. Looks interesting.
  • #1,917
  • Mar 2, 2016 10:01pm Mar 2, 2016 10:01pm
usdcad has a closed triangle on the daily , and a new channel has formed. I would short this at 136.50 or the upper limits of the new channel
Attached Image (click to enlarge)
Click to Enlarge Name: cad.PNG Size: 35 KB
  • #1,918
  • Mar 2, 2016 10:08pm Mar 2, 2016 10:08pm
Good Morning Everyone, according to my time zone.
  • #1,919
  • Mar 2, 2016 10:12pm Mar 2, 2016 10:12pm
Quoting Forex147
Good Morning Everyone, according to my time zone.
I sure hope something starts to happen. Just watching EURGBP it's been in the same 15 pip range for the past 10 hours.

GJ testing 160.50 as we speak...

Edit: a higher high has been made.
  • #1,920
  • Mar 2, 2016 10:14pm Mar 2, 2016 10:14pm
Quoting Geppy
{quote} I still believe we're going higher; I'm looking at the daily fib retracement levels to targets. Specifically, 162.42 would be the next one in line.
looking promising
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