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Forex Made Millionaire Thread for Blog Swing Trades

  • #2,101
  • Mar 7, 2016 12:24pm Mar 7, 2016 12:24pm
Hi Spartanforex.

I'm well down on oil to. it did hit resistance at 38.35 during DEC/ JAN
regards
kev
  • #2,102
  • Mar 7, 2016 12:30pm Mar 7, 2016 12:30pm
I longed at the blue line rejection after a 4 hour confirmation candle. That blue line is a point of resistance, and since Geppy is still in a uptred till Dailey tells me otherwise I'll look for longs. If it happens to reverse again and I get a good down daily candle I'll start looking to short.

(I am somewhat of a swing trader, 4hr an Dailey charts. I'm not looking for intra day moves)
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  • #2,103
  • Mar 7, 2016 1:01pm Mar 7, 2016 1:01pm
Geppy , I was waiting for your response on my reasoning for the direction Eur/Usd I posted earlier in response to your weekly preview.
  • #2,104
  • Mar 7, 2016 1:04pm Mar 7, 2016 1:04pm
Quoting Forex147
Geppy , I was waiting for your response on my reasoning for the direction Eur/Usd I posted earlier in response to your weekly preview.

Guess I missed it, and I obviously can't reply to every post. My stance on EUR/USD is pretty clear from the outlook.
check out my blog: forexmademillionaire dot com
  • #2,105
  • Mar 7, 2016 1:26pm Mar 7, 2016 1:26pm
Quoting Geppy
{quote} Guess I missed it, and I obviously can't reply to every post. My stance on EUR/USD is pretty clear from the outlook.
I know You are short EUas I read your report and sent you an admiration post for the weekly report but I disagreed with you on the direction of Eur/Usd for some reasons mentioned 3 pages back on p.103. I will really appreciate if you check it and reply so as to the benefit of us all thread members.
  • #2,106
  • Mar 7, 2016 1:31pm Mar 7, 2016 1:31pm
Quoting Forex147
{quote} I know You are short EUas I read your report and sent you an admiration post for the weekly report but I disagreed with you on the direction of Eur/Usd for some reasons mentioned 3 pages back on p.103. I will really appreciate if you check it and reply so as to the benefit of us all thread members.
Sorry, I really don't have the time today. I took the time to outline my views. If you disagree, that's fine. Everyone should trade their own analysis.
check out my blog: forexmademillionaire dot com
  • #2,107
  • Mar 7, 2016 2:12pm Mar 7, 2016 2:12pm
Quoting Bill618
For today, there is only the one possible trade that stands out (for my inexperienced eyes anyway)... USD/CAD, a nice engulfing BEOB which comfortably closed below a PPZ. I'm expecting a retrace to the 1.3375 - 1.340 area (give or take) before moving southward. There's some bumps on the way down but maybe to the 1.32x, PA will give more clues as it unravels. {image}
Got a near perfect retrace entry. Price has moved below the 200sma and i'm hoping it is now resistance, although it's too early to tell.
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  • #2,108
  • Mar 7, 2016 2:17pm Mar 7, 2016 2:17pm
Quoting Geppy
{quote} Sorry, I really don't have the time today. I took the time to outline my views. If you disagree, that's fine. Everyone should trade their own analysis.
Spot on...
  • #2,109
  • Mar 7, 2016 2:33pm Mar 7, 2016 2:33pm
Quoting Bill618
{quote} Got a near perfect retrace entry. Price has moved below the 200sma and i'm hoping it is now resistance, although it's too early to tell. {image}
Good Call, UC is the only trade for me that I got on the negative right now as my all other long positions on EU, GU and GJ are beautifully in the positive area. The only thing I was waiting to get long is UJ and just did @ 113.25.
  • #2,110
  • Mar 7, 2016 2:54pm Mar 7, 2016 2:54pm
Quoting Forex147
{quote} Good Call, UC is the only trade for me that I got on the negative right now as my all other long positions on EU, GU and GJ are beautifully in the positive area. The only thing I was waiting to get long is UJ and just did @ 113.25.
Sorry F147 but i'm confident U/C will get to my TL. I'll walk naked to Timbuktu with only a Sombrero and Flip-Flops if it doesn't

With U/J, price is very near the middle of a channel ("no man's land"). Yes it's only a short-term channel but worth considering nonetheless. If you have the time, i would love to hear your analysis on why a long entry now F147
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  • #2,111
  • Mar 7, 2016 3:12pm Mar 7, 2016 3:12pm
Quoting Bill618
{quote} Sorry F147 but i'm confident U/C will get to my TL. I'll walk naked to Timbuktu with only a Sombrero and Flip-Flops if it doesn't With U/J, price is very near the middle of a channel ("no man's land"). Yes it's only a short-term channel but worth considering nonetheless. If you have the time, i would love to hear your analysis on why a long entry now F147 {image}
If I were to trade USD/CAD at these levels, I'd much rather be long than short.

Price is sitting right on the 200-day moving average. It pushed through a bit today, but hasn't been able to close below yet. No conviction here.

Also, the CCI has failed to make a new low since February 25th of this year even while price has continued to decline.

At the very minimum I would be flat this pair until the picture becomes clearer.
check out my blog: forexmademillionaire dot com
  • #2,112
  • Mar 7, 2016 3:31pm Mar 7, 2016 3:31pm
Quoting Bill618
{quote} Sorry F147 but i'm confident U/C will get to my TL. I'll walk naked to Timbuktu with only a Sombrero and Flip-Flops if it doesn't With U/J, price is very near the middle of a channel ("no man's land"). Yes it's only a short-term channel but worth considering nonetheless. If you have the time, i would love to hear your analysis on why a long entry now F147 {image}
We wouldn't like you to get naked. First of all my long trade is in the negative by few pips , nothing serious and I took it coz as prices approached the 200 MA on the daily , I thought the pair is exhausted and there is some room for a correction. it is a small position anyway as still I am holding my larger position long term shorts on the UC. Second point the line in your chart is not a TL it is a support resistance line although the target on that line is so much achievable as prices resume moving down ( I think it is on 1.3100 area). I'm keeping my short term long till I make sure prices really breached that 200 day MA. As for the UJ I agree prices are on a trading range btwn 1.11-114,7 but there is a smaller price swing the last few days as 113 area works as support and as I have a bullish near future bias on this pair I decided to take this very little risk trade looking minimum to the highs of the channel of 114 + or further. I know it might seem aggressive but as long as my risk reward highly on my favor it like a free trade.
  • #2,113
  • Mar 7, 2016 3:34pm Mar 7, 2016 3:34pm
my first short entry for eurusd entered
  • #2,114
  • Mar 7, 2016 3:44pm Mar 7, 2016 3:44pm
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}
So Pip Miner , do I deserve a score for that so far??lol..
  • #2,115
  • Mar 7, 2016 3:55pm Mar 7, 2016 3:55pm
Quoting Forex147
{quote} So Pip Miner , do I deserve a score for that so far??lol..
Lol lets just see how the trade develops but your in positive pips so good for you. I would love to see you have a go at a weekly report yourself, I think you have some good ideas that could be shared with the community.
  • #2,116
  • Mar 7, 2016 4:02pm Mar 7, 2016 4:02pm
Quoting Pip-Miner
{quote} Lol lets just see how the trade develops but your in positive pips so good for you. I would love to see you have a go at a weekly report yourself, I think you have some good ideas that could be shared with the community.
Thanks for your kind words. Good luck....cheers.
  • #2,117
  • Mar 7, 2016 4:04pm Mar 7, 2016 4:04pm
@ Geppy there is no way i would place a trade right now on the 200sma until PA reveals itself. My trade was from much earlier in the day and i have moved to small profit in case it bounces up hard. On my feed when i draw a line where the 200sma is D1, then drill down to the 4h/1h, price moved through and is retracing and bouncing up and down underneath the 200sma. In other words it's acting as resistance for now. But as i also said in my post above, it's too early to tell!

@ Forex147, isn't a TL (trendline) a form of support and resistance? BRN's, TL's, PPZ's are all forms of S&R.

Thanks guys for your analysis and feedback, love your work
  • #2,118
  • Mar 7, 2016 4:14pm Mar 7, 2016 4:14pm
Quoting Bill618
@ Geppy there is no way i would place a trade right now on the 200sma until PA reveals itself. My trade was from much earlier in the day and i have moved to small profit in case it bounces up hard. On my feed when i draw a line where the 200sma is D1, then drill down to the 4h/1h, price moved through and is retracing and bouncing up and down underneath the 200sma. In other words it's acting as resistance for now. But as i also said in my post above, it's too early to tell! @ Forex147, isn't a TL (trendline) a form of support and resistance? BRN's,...
Good luck on the trade as long as you promise you won't walk naked LoL. TL is either connecting lower lows or higher highs. Cheeeers.
  • #2,119
  • Mar 7, 2016 4:25pm Mar 7, 2016 4:25pm
I think those of us that went short or were patient enough to wait on EU might be getting ready to place those trades. Price on the 4hr chart is looking nice as it seems the 100 & 200ma's are providing nice resistance. Ill be watching closely how it plays out. The only trade i placed so far was GJ... Basically followed along on that trade as outline on Gep's weekly, not to the T. But, I'm still showing some nice positive pips there. Anyway cheers to a slow monday
  • #2,120
  • Mar 7, 2016 5:41pm Mar 7, 2016 5:41pm
Quoting Forex147
{quote} Good luck on the trade as long as you promise you won't walk naked LoL. TL is either connecting lower lows or higher highs. Cheeeers.
HaHa, yes and mostly used for S or R reference.

I think U/C will retrace somewhat through the Asian session before continuing south sometime over the next day or so.
I could be wrong so just getting my bearings...
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