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Forex Made Millionaire Thread for Blog Swing Trades

  • #2,701
  • Aug 10, 2016 9:27am Aug 10, 2016 9:27am
its amazing how usdcad bounces eachtime it gets to 1.3000 region
  • #2,702
  • Aug 10, 2016 10:09am Aug 10, 2016 10:09am
Quoting sinqua
Hard luck on the USDCAD, I'm less interested in bragging rights more interested in the "reasons behind each trade". I'd still be watching the pair per your analysis. Fundamentals to me, are an "excuse" to move price but I discard nothing.
The trade was a disaster. My reasons, I believe, are still valid. And I wouldn't hesitate to take the same trade again. But adding to it and playing it so aggressive... that was the mistake.

Like I said, I'm glad to be free of the trade and moving on. The lose doesn't affect me in the slightest.
check out my blog: forexmademillionaire dot com
  • #2,703
  • Aug 10, 2016 10:54am Aug 10, 2016 10:54am
Both GBP/USD shorts now have stops that are in profit, so looking to add another short... shooting for 1.3315
check out my blog: forexmademillionaire dot com
  • #2,704
  • Aug 10, 2016 12:00pm Aug 10, 2016 12:00pm
UJ now at the neck line of the H&S - Yen just keeps gaining strength and all I can see from here is 98x
  • #2,705
  • Aug 10, 2016 12:09pm Aug 10, 2016 12:09pm
Quoting fxtrader18
UJ now at the neck line of the H&S - Yen just keeps gaining strength and all I can see from here is 98x
Yeah, seeing similar picture. Added a bit more but with tight stop. Just doesn't seem to be able to get off the floor much today.
check out my blog: forexmademillionaire dot com
  • #2,706
  • Aug 10, 2016 12:12pm Aug 10, 2016 12:12pm
Quoting Geppy
{quote} Yeah, seeing similar picture. Added a bit more but with tight stop. Just doesn't seem to be able to get off the floor much today.
As soon as 100 gives up it's going to hell
  • #2,707
  • Aug 10, 2016 12:26pm Aug 10, 2016 12:26pm
Just added to my UJ short. On a 1h chart slap a 21ema on there and you will see price below that and its retesting that moving average. PA is looking weak and as a few others have pointed out it looks like we are trying to form the right shoulder of an H&S pattern. These are the reasons I am adding to my short..
  • #2,708
  • Aug 10, 2016 12:30pm Aug 10, 2016 12:30pm
Quoting FSUtrader
Just added to my UJ short. On a 1h chart slap a 21ema on there and you will see price below that and its retesting that moving average. PA is looking weak and as a few others have pointed out it looks like we are trying to form the right shoulder of an H&S pattern. These are the reasons I am adding to my short..
Yeah, I added at 101.29 I believe. I had closed my shorts from last night... honestly don't know why. I think the USD/CAD trade was messing with me mentally. Another reason I'm glad to have it gone.

I talked about the 101.52 zone as a place to get through and then add on a retest in yesterday's blog post. That worked gorgeously:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-08-10 10.29.12.png Size: 228 KB


But I won't be adding any more until we're through the blue box support zone.
check out my blog: forexmademillionaire dot com
  • #2,709
  • Aug 10, 2016 12:45pm Aug 10, 2016 12:45pm
Quoting Geppy
{quote} Yeah, I added at 101.29 I believe. I had closed my shorts from last night... honestly don't know why. I think the USD/CAD trade was messing with me mentally. Another reason I'm glad to have it gone. I talked about the 101.52 zone as a place to get through and then add on a retest in yesterday's blog post. That worked gorgeously: {image} But I won't be adding any more until we're through the blue box support zone.
Yeah buddy you were spot on with that retest of 101.52 area
  • #2,710
  • Aug 10, 2016 1:05pm Aug 10, 2016 1:05pm
Quoting Geppy
Both GBP/USD shorts now have stops that are in profit, so looking to add another short... shooting for 1.3315
Filled.
check out my blog: forexmademillionaire dot com
  • #2,711
  • Aug 10, 2016 3:28pm Aug 10, 2016 3:28pm
That's a wrap. Here's today's roundup: http://www.forexmademillionaire.com/...undup-8102016/
check out my blog: forexmademillionaire dot com
  • #2,712
  • Aug 10, 2016 6:46pm Aug 10, 2016 6:46pm
lol, FXCM traders are slightly convinced USD/JPY is heading higher:

Attached Image


You know what happens when everyone is crowded on one side of the boat though, right?
check out my blog: forexmademillionaire dot com
  • #2,713
  • Aug 10, 2016 7:09pm Aug 10, 2016 7:09pm
Quoting Geppy
lol, FXCM traders are slightly convinced USD/JPY is heading higher: {image} You know what happens when everyone is crowded on one side of the boat though, right?
This could be a slaughter today lets hope so as gbpgpy will fall big time
  • #2,714
  • Aug 10, 2016 7:31pm Aug 10, 2016 7:31pm
Quoting Pip-Miner
{quote} This could be a slaughter today lets hope so as gbpgpy will fall big time
Yes, according to the system I trade, GBPJPY has several hundred pips dwonside left. Actually it's the same set up on all GBP crosses, I'm using GBPJPY and GBPAUD.
  • #2,715
  • Aug 10, 2016 7:43pm Aug 10, 2016 7:43pm
Quoting pipmaster77
{quote} Yes, according to the system I trade, GBPJPY has several hundred pips dwonside left. Actually it's the same set up on all GBP crosses, I'm using GBPJPY and GBPAUD.
Your using a system cool , yes gbpaud your a extreme brother
  • #2,716
  • Aug 10, 2016 7:45pm Aug 10, 2016 7:45pm
Quoting Pip-Miner
{quote} Your using a system cool , yes gbpaud your a extreme brother
GBPAUD and EURAUD probably my two favorite pairs. Great range and they trend so nicely.
  • #2,717
  • Aug 11, 2016 9:19am Aug 11, 2016 9:19am
Good morning, gang!

Nice drop in GBP/JPY last night. I woke up after it was recovering, checked things on my phone, and sold another position. Looks like we may be heading back down here again. This time USD/JPY carrying us there. Can't complain as long as one of them is doing the job

Also tried taking a fresh stab at USD/CAD, not nearly as big a position I had on previously. Not going to get stupid again!
check out my blog: forexmademillionaire dot com
  • #2,718
  • Aug 11, 2016 9:32am Aug 11, 2016 9:32am
Quoting Geppy
Good morning, gang! Nice drop in GBP/JPY last night. I woke up after it was recovering, checked things on my phone, and sold another position. Looks like we may be heading back down here again. This time USD/JPY carrying us there. Can't complain as long as one of them is doing the job Also tried taking a fresh stab at USD/CAD, not nearly as big a position I had on previously. Not going to get stupid again!
I've changed my outlook on UCAD to short, think it will take the lows quite soon.
  • #2,719
  • Aug 11, 2016 9:33am Aug 11, 2016 9:33am
Quoting fxtrader18
{quote} I've changed my outlook on UCAD to short, think it will take the lows quite soon.
I'd have to see it under 1.2900 before doing that. But you could be right. Lots of jabber about OPEC meetings and junk like that keeping a lid on it. Production cut won't happen though.
check out my blog: forexmademillionaire dot com
  • #2,720
  • Aug 11, 2016 10:41am Aug 11, 2016 10:41am
Quoting Geppy
{quote} I'd have to see it under 1.2900 before doing that. But you could be right. Lots of jabber about OPEC meetings and junk like that keeping a lid on it. Production cut won't happen though.
take a look at this oil chart. possible inverted h & s? looks like price may bounce around in between 40 and 50 bucks for a while to me
Attached Image (click to enlarge)
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