Or if you've got positions in the latter you don't need the first two, right? Take out the middleman and just trade GBPJPY. Really though, I've struggled to read nearly every USD pair I've tried to trade and get burned more often than not. GJ has ...

Forex Made Millionaire Thread for Blog Swing Trades

You have to place your stop behind something meaningful. Outside of a channel or across a support/resistance. Leave extra pips of room so your spread or a little extra volatility doesn't knock it out. Measure the pips from your desired entry to this ...

Forex Made Millionaire Thread for Blog Swing Trades

You want to draw your fibs to where 100 is at the start of the wave and 0 at the end. An easy way to think about it is that if it gets back to that point it has retraced 100% of it. Edit: now I see you probably drew it that way for an extension but ...

Forex Made Millionaire Thread for Blog Swing Trades

Hey don't be so quick to kick me out lol. I am not a scalper but I do not have the balance vs lots at risk to sit out retracement. I'm here for the big swings and GBPJPY provides that, and you know what's going on a lot better than the Riders ...

Forex Made Millionaire Thread for Blog Swing Trades

Long term swing trades isn't my style so I'm out for now with it leaving a channel on m1.

Forex Made Millionaire Thread for Blog Swing Trades

Stacked four trades into GBPJPY and my worst (least awesome?) position is 100 pips up. Great morning so far.

Forex Made Millionaire Thread for Blog Swing Trades

165.14 acting as support but I expect it to break soon. Add: and now it should be resistance. Diving short. Near term expectation is about 164. Target is open and kinda just following PA right now.

Forex Made Millionaire Thread for Blog Swing Trades

I'm not trading it but USDCAD has shot up 90 pips in 10 minutes, lol

Forex Made Millionaire Thread for Blog Swing Trades

Lots of volatility, going to be running some very quick shorts.

Forex Made Millionaire Thread for Blog Swing Trades

78.6 of the downmove from 2-10 to 2-11 is right before 166.0, may have some action there.

Forex Made Millionaire Thread for Blog Swing Trades

Yeah, started to stall so I got out with 70 pips.

Forex Made Millionaire Thread for Blog Swing Trades

Kinda quiet in here. Still seeing GBPJPY follow the uptrend so I went long at the last bottom and it's doing alright.

Forex Made Millionaire Thread for Blog Swing Trades

Small fee or credit for holding a position during daily close at 10PM GMT. Impacts equity while trade is open and works into balance when closing.

Forex Made Millionaire Thread for Blog Swing Trades

I'm getting a bad feeling off it. Seems like it may be going into the 165s first. It ignored the trendline I connected the two most recent H1 highs with, now watching for interaction with the line across the 2nd and 3rd most recent highs. I have a ...

Forex Made Millionaire Thread for Blog Swing Trades

It is there in MT4 just as that article says. Demo should not affect that. Gbpjpy swap short is -0.653 pips a day. Not really that bad. Nzdjpy swap short is -1.147 pips a day. Ouch.

Forex Made Millionaire Thread for Blog Swing Trades

You're absolutely right. No need to get greedy.

Forex Made Millionaire Thread for Blog Swing Trades

Right. Based on fibo and EW I almost want to target about 164.5 but that involves a few resistance levels. So to avoid the trouble I may just TP around 163.45 and wait until it's time for the big short again!

Forex Made Millionaire Thread for Blog Swing Trades

Gotta love a 211 pip spike in one minute...

Forex Made Millionaire Thread for Blog Swing Trades

Gotta get those guys over in the Dragon Rider thread to stop trying to go long and slowing us down...

Forex Made Millionaire Thread for Blog Swing Trades