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Forex Made Millionaire Thread for Blog Swing Trades

  • #2,081
  • Mar 7, 2016 5:48am Mar 7, 2016 5:48am
Quoting Bill618
{quote} What are closing crosses please Soyo, anyone?? A chart would be nice if possible. Bill
When the price crosses the 7 simple moving average and closes there too.




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The Trend Is Your Friend
  • #2,082
  • Mar 7, 2016 7:00am Mar 7, 2016 7:00am
Quoting Soyo24
{quote} When the price crosses the 7 simple moving average and closes there too. {image}
Thank you for your reply!
  • #2,083
  • Mar 7, 2016 7:47am Mar 7, 2016 7:47am
good morning all , is it just me or does it seem like theirs even less volume/liquidity today than last week ?
  • #2,084
  • Mar 7, 2016 8:03am Mar 7, 2016 8:03am
Quoting spartanforex
good morning all , is it just me or does it seem like theirs even less volume/liquidity today than last week ?
Yeah not that volatile that moment. I guess there is a lot of indecision waiting for Draghi to speak on the 10th.
  • #2,085
  • Mar 7, 2016 8:38am Mar 7, 2016 8:38am
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...
i also favor an upmove but i think it could pullback to 107.40's area before taking off to +120 or even 130 on spike. i think by summer time the euro could have a spike high into low 130's. the current low last week was one spot i was looking for also 108.28. i didnt wanna buy it since it was a week before the ecb announcement.
  • #2,086
  • Mar 7, 2016 9:45am Mar 7, 2016 9:45am
Quoting SulikFXer
{quote} oh ok, thanks. Hmm not sure how to deal with this now then. Im used to MT4, but this creates a pretty powerful difference between our signals. I need to figure this out.
Same result as you still. Any luck?

Is it broker dependent? Maybe the FXCM people get a different MA result in MT4 as well.
  • #2,087
  • Mar 7, 2016 10:10am Mar 7, 2016 10:10am
Quoting SulikFXer
{quote} oh ok, thanks. Hmm not sure how to deal with this now then. Im used to MT4, but this creates a pretty powerful difference between our signals. I need to figure this out.
You should definately be able to add an EMA with MT4.

Can you change where it says simple, to exponential on the MA settings?
Or sometimes its under a totally differrent indicator in the list, just called exponential moving average.
  • #2,088
  • Mar 7, 2016 10:20am Mar 7, 2016 10:20am
Quoting spartanforex
good morning all , is it just me or does it seem like theirs even less volume/liquidity today than last week ?
It's Monday! Historically Mondays are low volume in comparison to the rest of the week.
  • #2,089
  • Mar 7, 2016 10:32am Mar 7, 2016 10:32am
Quoting Good Lookin
{quote} It's Monday! Historically Mondays are low volume in comparison to the rest of the week.
yes i know its monday but price action on multiple pairs are just bouncing around not doing much at all and seem to drop and rise at any given price like theirs no orders set. maybe im just antsy lol
  • #2,090
  • Mar 7, 2016 10:40am Mar 7, 2016 10:40am
got stopped out on cad -45, took another long on it 133.05 thought the 200 day was 132.92. new stop 132.80. gave up 15 pips for not double checking charts before going to bed.

oil is at 37 which is where i thought we'd top out but this sucker just doesnt wanna give at all.
  • #2,091
  • Mar 7, 2016 10:42am Mar 7, 2016 10:42am
Quoting Rurozan
{quote} Same result as you still. Any luck? Is it broker dependent? Maybe the FXCM people get a different MA result in MT4 as well.
probably has to do with settings such as time and weekends....sundays merged with mondays and stuff like that
  • #2,092
  • Edited 11:26am Mar 7, 2016 10:43am | Edited 11:26am
Quoting Geppy
{quote} Good catch, krismitt. Thanks! I've fixed it.
It was actually on Pointe (H4)!!

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Cheers.
  • #2,093
  • Mar 7, 2016 10:46am Mar 7, 2016 10:46am
Quoting raiders
GJ 15M.....nothing is certain until its certain but potential bear flag Also, a couple rules about wave 4: Wave 4 Usually Terminates in the same area as the Previous Wave 4 of Wave 3. 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 {image}
Anyways....looks like 4 came and went. if you got long on that good job! I did not because i was waiting for the fib. 5 should end either at the trendline connecting 1 & 3 or very near it. So im not so sure on it hitting 164.8ish but who knows...perhaps we get a base here to finish the day and create the space?? Im going short at the touch of the line
  • #2,094
  • Mar 7, 2016 10:47am Mar 7, 2016 10:47am
Quoting Revorocks
{quote} You should definately be able to add an EMA with MT4. Can you change where it says simple, to exponential on the MA settings? Or sometimes its under a totally differrent indicator in the list, just called exponential moving average.
I am able to add it, I just get different results than Geppy and the others. For me CAD closed 130 pips below 200 MA and 143 pips below eMA,
no matter the settings, I just get a different MA or eMA graph, although price and candles are the same.
  • #2,095
  • Mar 7, 2016 10:50am Mar 7, 2016 10:50am
Quoting nairate
short ucad [email protected]
hold on be until oil touch 40
  • #2,096
  • Mar 7, 2016 11:14am Mar 7, 2016 11:14am
Geppy,
Great call on your weekly trading outlook . GBP/JPY started North just where you said.
  • #2,097
  • Mar 7, 2016 11:14am Mar 7, 2016 11:14am
Quoting nairate
enter the dragon @161, targetting 160.5
Quoting nairate
short ucad [email protected]

Start posting analysis/reasoning for your trades. Posts like this in this thread are basis to get booted.
check out my blog: forexmademillionaire dot com
  • #2,098
  • Mar 7, 2016 11:17am Mar 7, 2016 11:17am
Quoting JoelD
Geppy, Great call on your weekly trading outlook . GBP/JPY started North just where you said.
Thanks. Not quite right where I said, but if you're smart with your risk/reward and scaling into trades then you're doing well this morning.

I'm long with an average just below 161.00 so I'm happy as a clam right now. Setting target to the 50% daily fib retracement as per my outlook.

Time to sit back and wait for it now
check out my blog: forexmademillionaire dot com
  • #2,099
  • Mar 7, 2016 11:22am Mar 7, 2016 11:22am
Quoting SulikFXer
{quote} I am able to add it, I just get different results than Geppy and the others. For me CAD closed 130 pips below 200 MA and 143 pips below eMA, no matter the settings, I just get a different MA or eMA graph, although price and candles are the same.

that is weird. if you have a ruler or something that counts periods you could just run a fib retracement 50% of 200 periods etc to get the simple moving average.
  • #2,100
  • Mar 7, 2016 11:29am Mar 7, 2016 11:29am
EU H4 about to test 100 & 200 MA, 38.2 %fib and the trend line.
Are we there yet for shorts? also Daily testing 200MA
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