Forex Made Millionaire Thread for Blog Swing Trades

Quoting Good Lookin

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{quote} Here's my thoughts on EU. I'm Lookin at a short on this pair with the current PA. Not really a convicted short, this is more of an opportunity short. In other words, a chance at a very low risk high reward trade. {image} Weekly: It's in the middle of the 2015 channel! Daily: Its in the middle of a channel. Since this looks like a a pullback in a down trend starting from mid Feb, i feel like this is a good place to short if you wanna short targeting 1.07 Hourly: 2 angled trend lines, 1 break. The way price has rejected from 1.04 (nfp high),...

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Quoting BGETrading

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{quote} There she goes, lovely break - I personally cannot see how people still think this has legs to go up or looks like a good buy {image}

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Quoting Geppy

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I didn't even bother reading the last few pages. This thread seems to have become a mess just like every thread on FF does over time. I'm flat GBP/JPY (and everything for that matter). The picture is very unclear. Smaller TFs seem to say short while 4-hour is undecided. I'm going into hibernation until this thread gets a grip on itself.

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Quoting RadboneFX

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{quoteI'm currently short USD/CAD until we hit the 200MA again on the daily and I'll see what happens. I'm leaving everything else alone for now. Ill try and post some charts tonight. Cheers!

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Quoting Forex147

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{quote} May I ask what makes you think prices will retest the 200 MA before moving further up? I am long from [email protected] and added @ 1.3290, maybe I missed something here.

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Quoting Forex147

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{quote} Sorry, it doesn't make sense to me.

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Quoting Good Lookin

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{quote} Lets try again. Same Picture from before. {image} Bottom Right Weekly chart. Price is currently in the middle of the channel that started in 2015. Channel top 1.1500. Channel bottom 1.0500. Meaning: Weekly direction is unclear. Top Right Daily Chart. Price is currently in the middle of the channel. Channel top 1.1376. Channel bottom 1.0708. Meaning: More "unclearness" from the Daily charts Left Chart Hourly The downward sloping angled trend line was broken. Broken angled trend lines can signify the end of trends. Shorts may not be the...

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Quoting Forex147

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{quote} Thank you for repeating your explanation, but I understood what you were saying the first time but the reasoning for taking the trade didn't make sense to me. Shorting after a downtrend been broken to the upside . The new up trend is still intact although it is high angled . I think you are looking for a gamble not a trade ...

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Quoting Bill618

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Whilst i was punching out Zzz's, seems there was some punching of another kind going on in here. Not cool Anyway, seems settled and now on to bigger and better things. Well i'm not walking to Timbuktu yet.... there's still hope. Price has retraced nicely to the PPZ so now could be a good time to short BUT i'm waiting on Oil to bounce or penetrate off its own PPZ (seeing CAD and Oil are joined at the hip). We will see... @Geppy, apologies if i am out of line because i know we don't trade Oil here but i have included the Oil chart for...

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Quoting BGETrading

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{quote} There she goes, lovely break - I personally cannot see how people still think this has legs to go up or looks like a good buy {image}

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Quoting Bill618

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Whilst i was punching out Zzz's, seems there was some punching of another kind going on in here. Not cool Anyway, seems settled and now on to bigger and better things. Well i'm not walking to Timbuktu yet.... there's still hope. Price has retraced nicely to the PPZ so now could be a good time to short BUT i'm waiting on Oil to bounce or penetrate off its own PPZ (seeing CAD and Oil are joined at the hip). We will see... @Geppy, apologies if i am out of line because i know we don't trade Oil here but i have included the Oil chart for...

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