Forex Made Millionaire Thread for Blog Swing Trades | Page 107 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

5/6 candle swing low swing high Indicator 5 replies

Swing high / Swing low indictator+alert? 20 replies

High probability trade setups for day trades and swing trades 4 replies

Swing highs and swing lows 3 replies

swing high/swing low indicator and volume tic history 13 replies

Attachments: Forex Made Millionaire Thread for Blog Swing Trades
Exit Attachments

Forex Made Millionaire Thread for Blog Swing Trades

  • #2,121
  • Mar 7, 2016 8:02pm Mar 7, 2016 8:02pm
Quoting spartanforex
hello all lets have another great week of realized profits. taking a few positions to start the week. long usd/cad 133.35 stop 132.90 tp 135.00 small short on usd/jpy 113.90 stop 114.30 tp 112.60 on cad im expecting a quick bounce up to 135 maybe within 2 days. then maybe a drop back down to retest bottom / 200 day MA on usd/jpy pretty much same thing quick drop maybe in 1-2 days. i wanna load up on it at 112.60 going to watch the 112.89 level on usd/jpy also that might be a good place

Well usd/cad was not kind to me, i should have waited on that. the close candle on friday and the sunday open should have told me to wait for another low.

usd/jpy is doing its thing took profit at 112.95 +95 on a small position. started a position on it at 112.94 small just in case i wasnt around when it reahed and price bounced, but it broke through 122.87 so its on to 112.53, got larger orders to buy at 112.60
  • #2,122
  • Mar 7, 2016 8:24pm Mar 7, 2016 8:24pm
Quoting Bill618
{quote} Thank you for your reply!
what has been working for me on g/j is that 7 sma closing cross on the hourly, I put the sl at the high or low of the bar unless its a real small one then I go back a bar or two to a higher high or lower low, then the first bar in your favor you move the sl to b.e. For exits I use the bollinger bands if it's swinging from one bollinger band to the other I exit once it hits or gets real close after a big multi candle move another exit after a good move is the doji candle another one is the reverse signal this is a very good one too in my experience, also sometimes you get a doji at the bollinger band very good exit, i.e. confluence.
The Trend Is Your Friend
  • #2,123
  • Edited 8:57pm Mar 7, 2016 8:46pm | Edited 8:57pm
Quoting Soyo24
{quote} what has been working for me on g/j is that 7 sma closing cross on the hourly, I put the sl at the high or low of the bar unless its a real small one then I go back a bar or two to a higher high or lower low, then the first bar in your favor you move the sl to b.e. For exits I use the bollinger bands if it's swinging from one bollinger band to the other I exit once it hits or gets real close after a big multi candle move another exit after a good move is the doji candle another one is the reverse signal this is a very good one too in my...
Cool. I'm testing it as we speak however i would prefer to use 4h or D1 T/F's, maybe even W1, so as i don't have to watch it quite as closely, so i will be testing those as well.
EDIT: i don't think the 7sma will work on the other T/F's but i'll have a look...
  • #2,124
  • Mar 7, 2016 9:36pm Mar 7, 2016 9:36pm
still following my pyramid addin methodology for dragon, with buying retraces - 6 * multiplier now averaged in and it's only Tuesday.
  • #2,125
  • Mar 7, 2016 9:57pm Mar 7, 2016 9:57pm
Quoting Pip-Miner
still following my pyramid addin methodology for dragon, with buying retraces - 6 * multiplier now averaged in and it's only Tuesday.
could you talk less about your pyramid addin magic i think we have all heard about it enough already jesus
  • #2,126
  • Mar 7, 2016 10:04pm Mar 7, 2016 10:04pm
Quoting FSUtrader
{quote} could you talk less about your pyramid addin magic i think we have all heard about it enough already jesus
It's a forum everybody is free to express their opinions, would money making ideas to you have please share ...
  • #2,127
  • Mar 7, 2016 11:05pm Mar 7, 2016 11:05pm
Quoting FSUtrader
{quote} could you talk less about your pyramid addin magic i think we have all heard about it enough already jesus
But everybody loves a good pyramid in GJ...

I've quadrupled my account in one session doing it. Never mind that this was after having gone bust to a mess of bad trades beforehand, but still...lol.
  • #2,128
  • Mar 7, 2016 11:44pm Mar 7, 2016 11:44pm
Quoting Rurozan
{quote} But everybody loves a good pyramid in GJ... I've quadrupled my account in one session doing it. Never mind that this was after having gone bust to a mess of bad trades beforehand, but still...lol.
  • #2,129
  • Mar 7, 2016 11:47pm Mar 7, 2016 11:47pm
Quoting Geppy
{quote} 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.
Agree completely to this one, and that's why I got long on UC @1.3275 ....great RR here!
Crude at resistance and fib level.

Regarding JPY, imo there is big divergence between stocks and UJ at the moment and if stocks turn here, or soon...UJ might fall and JPY pairs will follow. That's why I'm looking only for shorts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: wti.JPG Size: 266 KB
Click to Enlarge Name: uc.JPG Size: 234 KB
  • #2,130
  • Mar 8, 2016 2:02am Mar 8, 2016 2:02am
Hi,

slightly confused as to why you guys are ong in USD/CAD when the trend is down and it's broken through the 200EMA? Are you expecting a retrace back to the 13400 area?
  • #2,131
  • Mar 8, 2016 2:17am Mar 8, 2016 2:17am
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.
Did you work this one out? I get exactly the same as you on MT4
  • #2,132
  • Mar 8, 2016 2:19am Mar 8, 2016 2:19am
Hi I,m new to all this
taking a guess I would think going long would be because there was some support at this area in Nov
Regards
Kev
  • #2,133
  • Edited 3:08am Mar 8, 2016 2:56am | Edited 3:08am
Added another GJ long.
But I'm unclear with EU. It looks like the price broke through MAs and TL, yesterday looked perfect for shorts. but now Im not sure due to recently discovered differences in my MA graphs and rest of y'all
So for me EU broke its resistance on H4 and is going long. Can anyone elaborate on that? Thanks.

Quoting JampelD
{quote} Did you work this one out? I get exactly the same as you on MT4
No, I didnt get it to work. I guess I'll just work with what I got. It worked for me for years, it will work now.
Geppy already said that MAs are just complementary tools to his analysis, so just another thing to add to trade confluence.
We just need to take these divergences in consideration and do not base our trades solely on MA signal. :/

So this is what Im looking at when it comes to EU
MA and TL defeated and H4 retested, now going 20 pips long.

Not sure what to do here.
Attached Image (click to enlarge)
Click to Enlarge Name: EUSetup.png Size: 66 KB
  • #2,134
  • Mar 8, 2016 3:12am Mar 8, 2016 3:12am
I can't see GBPJPY hitting the daily fib target around 164, it didn't manage to make a higher high and take out the price action from the 4th March and a nasty looking double top is potential forming. I tightened my stop overnight so didn't lose out in the end, frustrating to see all that profit disappear! But that's forex trading. Nevertheless if this top materialises we could see a nice move down!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 95 KB
  • #2,135
  • Mar 8, 2016 3:18am Mar 8, 2016 3:18am
Quoting SulikFXer
Added another GJ long. But I'm unclear with EU. It looks like the price broke through MAs and TL, yesterday looked perfect for shorts. but now Im not sure due to recently discovered differences in my MA graphs and rest of y'all So for me EU broke its resistance on H4 and is going long. Can anyone elaborate on that? Thanks. {quote} No, I didnt get it to work. I guess I'll just work with what I got. It worked for me for years, it will work now. Geppy already said that MAs are just complementary tools to his analysis, so just another thing to add to...
You already said it, EU defeated the resistance , so either you join my club of EU longers or stand aside and wait for the ECB announcement on Thursday.

Note: prices are testing the 200 day MA, so watch closely.
  • #2,136
  • Mar 8, 2016 3:24am Mar 8, 2016 3:24am
Hi SuliFXer
The way I,m looking at the eur/usd is last weeks high was 11042. The high so far is 11044. made in the last couple of hours. last week was a bullish week for the eur/usd and this week seems to have started out the same. I,m waiting for the red flag news released in a few minutes and to see if we get any supprt at 11050.
Don,t know if this is of any help though.
regards
kev
  • #2,137
  • Mar 8, 2016 3:24am Mar 8, 2016 3:24am
me too giving gold same time enough for a boat cruise already
  • #2,138
  • Mar 8, 2016 3:25am Mar 8, 2016 3:25am
Quoting Pip-Miner
me too giving gold same time enough for a boat cruise already
Sorry dragon addin 8*
  • #2,139
  • Mar 8, 2016 3:32am Mar 8, 2016 3:32am
Quoting Forex147
{quote} You already said it, EU defeated the resistance , so either you join my club of EU longers or stand aside and wait for the ECB announcement on Thursday. Note: prices are testing the 200 day MA, so watch closely.
Eu rise seems stuck in a resistance sir ....
  • #2,140
  • Mar 8, 2016 3:35am Mar 8, 2016 3:35am
Quoting Pip-Miner
{quote} Eu rise seems stuck in a resistance sir ....
I already mentioned that....
1 trader viewing now