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Forex Made Millionaire Thread for Blog Swing Trades

  • #2,041
  • Mar 6, 2016 9:32pm Mar 6, 2016 9:32pm
Quoting Soyo24
{quote} Put the 7 ema or sma on the hourly then buy/sell all the closing crosses.
What are closing crosses please Soyo, anyone??
A chart would be nice if possible.
Bill
  • #2,042
  • Mar 6, 2016 9:37pm Mar 6, 2016 9:37pm
Quoting Bill618
{quote} What are closing crosses please Soyo, anyone?? A chart would be nice if possible. Bill
perhaps when the ma crosses the price? thats the only thing i could think of with only 1 ma
  • #2,043
  • Mar 6, 2016 9:46pm Mar 6, 2016 9:46pm
Quoting raiders
{quote} Just out of curiosity, is there a certain level in the CCI you try to correlate with the price action when catching your pullbacks? For instance, i use the RSI as my oscillator, and for the most part when I count my waves on the 4H I like to see my pullbacks run to say the 60 or 40 level and try to match those levels up with trendlines and fib levels to bounce from or potential locations for trendlines and fibs to bounce from....if that makes sense
Not really. Again, CCI isn't something I put much weight on. I use it to help spot divergence, but that's about all. I'm much more a fan of simple price action and how things react at certain support/resistance levels.
check out my blog: forexmademillionaire dot com
  • #2,044
  • Mar 6, 2016 9:56pm Mar 6, 2016 9:56pm
GJ 15M.....nothing is certain until its certain but potential bear flag

Also, a couple rules about wave 4:

 

  1. Wave 4 Usually Terminates in the same area as the Previous Wave 4 of Wave 3.
  2. Typical Fib Count of Wave 4 is 38.2% or 61.8% of wave 3

​That said, looking hard at 160ish to match with the rising trendline for entry

Attached Image (click to enlarge)
Click to Enlarge Name: GJ15.png Size: 118 KB
  • #2,045
  • Mar 6, 2016 10:01pm Mar 6, 2016 10:01pm
thanks for that on-time chart.......I didn't know.......
Quoting LittleDoc
Fxcm 200 ma {image}
  • #2,046
  • Mar 6, 2016 10:03pm Mar 6, 2016 10:03pm
Hi to all, I have been away of the market since mid Thursday due to my old man sickness. I wish all of you a wonderful trading week both in money and knowledge. I just read your weekly analysis Geppy and again I show my admiration. just beautiful.
  • #2,047
  • Mar 6, 2016 10:05pm Mar 6, 2016 10:05pm
Quoting Forex147
Hi to all, I have been away of the market since mid Thursday due to my old man sickness. I wish all of you a wonderful trading week both in money and knowledge. I just read your weekly analysis Geppy and again I show my admiration. just beautiful.
Thanks, man! Hope you're feeling good enough to join us for the week.
check out my blog: forexmademillionaire dot com
  • #2,048
  • Mar 6, 2016 10:11pm Mar 6, 2016 10:11pm
Quoting Geppy
{quote} Thanks, man! Hope you're feeling good enough to join us for the week.
Welcome my friend and I am ready.
  • #2,049
  • Mar 6, 2016 10:55pm Mar 6, 2016 10:55pm
As I liked Geppy's weekly analysis here is some points I want to mention regarding the Euro/Usd:
First point is that EU have been in a trading range since the low of 1.046 made on March 13 2015 and since that the big range was the 1.05 area and 1.14 area, which means one year trading range.
My second point is that the last attempt on the same low was on December 3rd last year and was rejected by 5 big points on the same day as prices went to 1.09 area. After that the low range was on the 1.07 area as the low.
For first time since early February that prices penetrate the 200 MA and stay above. As I agree with Geppy that trend riders love to add when prices retrace to MAs but I think that is not the case here for all the above mentioned reasons and one extra reason is the divergence Bren MACD and prices on the weekly as the attached chart. All that being said we are in the middle of the big trading range but things I guess more in favor of an up move. Waiting for any comments from Geppy or others.
Attached Image (click to enlarge)
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  • #2,050
  • Mar 6, 2016 11:56pm Mar 6, 2016 11:56pm
Quoting Forex147
As I liked Geppy's weekly analysis here is some points I want to mention regarding the Euro/Usd: First point is that EU have been in a trading range since the low of 1.046 made on March 13 2015 and since that the big range was the 1.05 area and 1.14 area, which means one year trading range. My second point is that the last attempt on the same low was on December 3rd last year and was rejected by 5 big points on the same day as prices went to 1.09 area. After that the low range was on the 1.07 area as the low. For first time since early February...
this is my strategy on this one. see what happens no entry yet .
EURUSD: spike caused by us news bounced of the 38 fib retracement, just below the 100 day moving average. Since then a long bearish wick was formed and price has started the retracement. Short opportunity ideally in the blue area or before price retraces further down targeting 0 fib retracement. {image}
EDIT: added the 200 ma ( blue line) , monthly pivot level.
STRATEGY: An initial small short position will be taken on Monday around the levels specified, depending on how price plays ( 1020 - 1068) and a second if price decides to go to the 50 fib retracement (1.11).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.PNG Size: 36 KB
  • #2,051
  • Mar 7, 2016 12:11am Mar 7, 2016 12:11am
Quoting Pip-Miner
{quote} this is my strategy on this one. see what happens no entry yet . EURUSD: spike caused by us news bounced of the 38 fib retracement, just below the 100 day moving average. Since then a long bearish wick was formed and price has started the retracement. Short opportunity ideally in the blue area or before price retraces further down targeting 0 fib retracement. {image} EDIT: added the 200 ma ( blue line) , monthly pivot level. STRATEGY: An initial small short position will be taken on Monday around the levels specified, depending on how price...
What's your target? And SL?
  • #2,052
  • Mar 7, 2016 1:13am Mar 7, 2016 1:13am
Quoting Forex147
{quote} What's your target? And SL?
target: 1.0825 and beyond if possible
stop: 1.1150, moved to BE as price falls
whats your stop loss and target ?? are you buying or selling ??
  • #2,053
  • Mar 7, 2016 1:17am Mar 7, 2016 1:17am
hi everyone.
I don,t seem to be able to get my fibs the same as everyone elses. ive tried googling it but still not sure how to use them.
regards
kev
  • #2,054
  • Mar 7, 2016 2:02am Mar 7, 2016 2:02am
Quoting Pip-Miner
{quote} target: 1.0825 and beyond if possible stop: 1.1150, moved to BE as price falls whats your stop loss and target ?? are you buying or selling ??
I'm looking for a long position hopefully when prices retrace to the 1.0960-1.0940 area, or prices goes back into the channel as per chart attached. initial target 1.12 area., with SL under hourly MA.
I just noticed that your risk / reward ratio is not that tempting and often lead to whipsaw.
Attached Image (click to enlarge)
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  • #2,055
  • Mar 7, 2016 2:04am Mar 7, 2016 2:04am
Quoting Forex147
{quote} I'm looking for a long position hopefully when prices retrace to the 1.0960-1.0940 area, or prices goes back into the channel as per chart attached. initial target 1.12 area., with SL under hourly MA. I just noticed that your risk / reward ratio is not that tempting and often lead to whipsaw. {image}
we will soon see who is correct ..
  • #2,056
  • Mar 7, 2016 2:06am Mar 7, 2016 2:06am
Quoting kevin1959
hi everyone. I don,t seem to be able to get my fibs the same as everyone elses. ive tried googling it but still not sure how to use them. regards kev
​hi Kevin, click from the high point at the start of the most recent trend down (or up) and drag and release the click at the low point (or high point) at the end of that trend movement. If the price then retraces back to the starting point then it will have retraced 100% of the movement.

Hope that makes sense.
  • #2,057
  • Mar 7, 2016 2:18am Mar 7, 2016 2:18am
Quoting Pip-Miner
{quote} we will soon see who is correct ..
I already got my long position, by the way I m not challenging you , all I am saying that your target and your SL are not worth the risk, it is a note for you to refine your trades so to avoid whip saws if you accept the advise.
  • #2,058
  • Mar 7, 2016 2:29am Mar 7, 2016 2:29am
I am now long EU, GU, GJ and UC .
Still my long term UC short positions in place.
  • #2,059
  • Mar 7, 2016 2:42am Mar 7, 2016 2:42am
Hey guys, looking on UC on Geppy's analysis,
Comparing it to my chart, the UC closed about 130 pips below 200MA.
Im using simple algorithm just like him. I noticed one trader wrote about it here.
Anyone else has this difference?
This is a pretty good thing to be in sync with, since its a clear signal for shorts.
any ideas?
  • #2,060
  • Mar 7, 2016 2:45am Mar 7, 2016 2:45am
enter the dragon @161, targetting 160.5
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