The Jail Break System | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Break Out + Pull Back & Pure Break Outs 59 replies

BB break + trendline break 24 replies

Looking for L > Break High Break Low Indicator 1 reply

A break below - A Break Above Question 1 reply

Attachments: The Jail Break System
Exit Attachments

The Jail Break System

  • #441
  • Oct 29, 2019 7:28am Oct 29, 2019 7:28am
Quoting TraderR0N
What I feel about USD pairs atm is FOMC is around the corner and EURUSD, GBPUSD might be clearing some stops below their level and then spike up for 3 levels up during FOMC. This is what I look at it for these 2 pairs. I may be wrong. But we have to pay attention to price levels. I have sercured my pips for 2 of my short trades for EURUSD and GBPUSD. Cheers. Ron.
Will just have to wait and see how it all plays out.
Patience, let the trade come to you.
  • #442
  • Oct 29, 2019 7:35am Oct 29, 2019 7:35am
Quoting TraderR0N
{quote} Buy USDCAD and Sell CADJPY at the current price now and look for 3 levels up and down. I have also Long GBPCAD at price 1.67400 for a 3 level up. Good luck. Ron.
I'm watching the CAD/JPY I think its going to move up a little bit, maybe to around 83.60. If it does that I'll make my enter.

I like this chart, very clean and easy to trade.
Patience, let the trade come to you.
  • #443
  • Oct 29, 2019 7:43am Oct 29, 2019 7:43am
Quoting TraderR0N
{quote} GBPCAD might be revisiting or retest the low again at price 1.67250. Watch that level and wait for it to reverse to 3 level up. Trap trap sellers. as what PokerChip say let the ‘MM’ do it’s job. This are STOPS HUNTS. Clear stops below and might have some orders for a buy signal. At times pairs might retest the lows or the highs at the beginning of the week then late week will reverse. This I show I look at market structure. Cheers. Ron.
GBP/CAD has been messing around for almost 2 days at the bottom.

This is why I rarely go long. I think the " MM " is just trying make it look like he's taking it lower, pulling in more sell traders so he can make a quick move up.

I'm glad you're trading well.

Poker Chip
Patience, let the trade come to you.
  • #444
  • Oct 29, 2019 7:53am Oct 29, 2019 7:53am
Quoting PokerChip
{quote} I'm going to watch these pairs and see what happens. Ha, patience is sometimes hard to handle. If your not patient you'll play right into the " MM " hands.

haha patience and emotion is the hardest of all in trading all kind of instruments.

over trading kills too. Best is to let the market come to you. Set price alert for the price I want and go back and look at chart. Otherwise too much screen time is bad for our eyes and health.

These 2 things kills for most traders.
10% buy 10% sell 80% waiting
  • #445
  • Oct 29, 2019 7:56am Oct 29, 2019 7:56am
I’m watching closely for USDJPY at price 109 - 109.200 area for reversal. See whether if there’s a false break to the upside. Reject price area.

Now price seem to be consolidating.
10% buy 10% sell 80% waiting
  • #446
  • Oct 29, 2019 8:05am Oct 29, 2019 8:05am
Quoting TraderR0N
{quote} haha patience and emotion is the hardest of all in trading all kind of instruments. These 2 things kills for most traders.
I've become spoiled, I really only like clean charts to trade. Like right now I like CAD/JPY, USD/CHF.

Waiting for the entry, is like waiting for premium hands playing poker.

It takes time. I think the longer a person trades the easier it gets in this business gets.
Patience, let the trade come to you.
  • #447
  • Oct 29, 2019 8:10am Oct 29, 2019 8:10am
Quoting PokerChip
{quote} I've become spoiled, I really only like clean charts to trade. Like right now I like CAD/JPY, USD/CHF. Waiting for the entry, is like waiting for premium hands playing poker. It takes time. I think the longer a person trades the easier it gets in this business gets.

lol.. no wrong on that.

uote=PokerChip;12587772]{quote} I've become spoiled, I really only like clean charts to trade. Like right now I like CAD/JPY, USD/CHF. Waiting for the entry, is


you’re right on this below.

It takes time. I think the longer a person trades the easier it gets in this business gets.[/quote]
10% buy 10% sell 80% waiting
  • #448
  • Oct 29, 2019 8:12am Oct 29, 2019 8:12am
Quoting PokerChip
{quote} I've become spoiled, I really only like clean charts to trade. Like right now I like CAD/JPY, USD/CHF. Waiting for the entry, is like waiting for premium hands playing poker. It takes time. I think the longer a person trades the easier it gets in this business gets.

Each time when I placed my positions. I will off my computer and walk away or watch Netflix haha do something else, otherwise we will all force trade and that will become a addiction. Lol
10% buy 10% sell 80% waiting
  • #449
  • Oct 29, 2019 8:16am Oct 29, 2019 8:16am
What makes me think is that YEN pairs are surging higher atm and waiting for BOJ meeting this week.. and then push it hard back down.

Same goes to FOMC.
10% buy 10% sell 80% waiting
  • #450
  • Oct 29, 2019 8:20am Oct 29, 2019 8:20am
Quoting TraderR0N
{quote} Each time when I placed my positions. I will off my computer and walk away or watch Netflix haha do something else, otherwise we will all force trade and that will become a addiction. Lol
Ha, I'm already addicted to this business. I think the more I study the " MM " moves the more I learn. Which means watching my monitor. I couldn't walk away if I wanted too after making a entry. I bought a natural gas generator few years ago just in case we lose power. It's always good to have a back up plan, ha.
Patience, let the trade come to you.
  • #451
  • Oct 29, 2019 8:23am Oct 29, 2019 8:23am
Quoting PokerChip
{quote} Ha, I'm already addicted to this business. I think the more I study the " MM " moves the more I learn. Which means watching my monitor. I couldn't walk away if I wanted too after making a entry. I bought a natural gas generator few years ago just in case we lose power. It's always good to have a back up plan, ha.

Hahaha.. good one bud. My eyes are not good as 8 yrs back when I started trading equities and forex.. probably I had enough of screentime.. lol
10% buy 10% sell 80% waiting
  • #452
  • Oct 29, 2019 9:55am Oct 29, 2019 9:55am
Quoting TraderR0N
{quote} Buy USDCAD and Sell CADJPY at the current price now and look for 3 levels up and down. I have also Long GBPCAD at price 1.67400 for a 3 level up. Good luck. Ron.

Entry long 1.67400 for GBPCAD and hit my target at price 1.68500 as mention above.

Cheers.
Ron.
10% buy 10% sell 80% waiting
  • #453
  • Oct 29, 2019 10:09am Oct 29, 2019 10:09am
Quoting TraderR0N
{quote} Buy USDCAD and Sell CADJPY at the current price now and look for 3 levels up and down. I have also Long GBPCAD at price 1.67400 for a 3 level up. Good luck. Ron.
USDCAD and CADJPY going as expected.

Trade safe and green pips to all.
10% buy 10% sell 80% waiting
  • #454
  • Oct 29, 2019 10:27am Oct 29, 2019 10:27am
Quoting TraderR0N
{quote} Hahaha.. good one bud. My eyes are not good as 8 yrs back when I started trading equities and forex.. probably I had enough of screentime.. lol
I use a 42 inch monitor now, it helps a lot. No way I could work with out it.
Patience, let the trade come to you.
  • #455
  • Oct 29, 2019 10:28am Oct 29, 2019 10:28am
Quoting TraderR0N
{quote} Entry long 1.67400 for GBPCAD and hit my target at price 1.68500 as mention above. Cheers. Ron.
That's a rally good trade, 100+ pips.

Good going Ron.
Patience, let the trade come to you.
  • #456
  • Oct 29, 2019 10:32am Oct 29, 2019 10:32am
Quoting TraderR0N
{quote} USDCAD and CADJPY going as expected. Trade safe and green pips to all.
USD/CAD finally has a pulse, I've been down for 3 days now. Hopefully the drop will continue. I got fooled, entered to soon. It happens, just have to wait on the " MM " to turn the trade around. Will see if he lets me off the hook, lol.
Patience, let the trade come to you.
  • #457
  • Oct 29, 2019 10:40am Oct 29, 2019 10:40am
Quoting PokerChip
{quote} I use a 42 inch monitor now, it helps a lot. No way I could work with out it.

Buddy, relax abit.. we should be relax trading it, last time I make trading as a slave but now I don’t. Very stressful doing it.. I’m trading with 2 desktop with extra 2 monitors so that I have 4 big screen. Haha..
10% buy 10% sell 80% waiting
  • #458
  • Oct 29, 2019 10:42am Oct 29, 2019 10:42am
Quoting PokerChip
{quote} USD/CAD finally has a pulse, I've been down for 3 days now. Hopefully the drop will continue. I got fooled, entered to soon. It happens, just have to wait on the " MM " to turn the trade around. Will see if he lets me off the hook, lol.
10% buy 10% sell 80% waiting
  • #459
  • Oct 29, 2019 10:48am Oct 29, 2019 10:48am
Now I will be watching short AUDNZD for a 3 level down.. let’s wait for one more high, rejection or at the current price level at price 1.08ish area.. we must always look at the structure on the left and it’s true and that’s why I like this system and it suit my strategy which I have been trading for awhile.

Thanks again PokerChip for opening up this thread.
10% buy 10% sell 80% waiting
  • #460
  • Oct 29, 2019 10:52am Oct 29, 2019 10:52am
Quoting TraderR0N
{quote} Buddy, relax abit.. we should be relax trading it, last time I make trading as a slave but now I don’t. Very stressful doing it.. I’m trading with 2 desktop with extra 2 monitors so that I have 4 big screen. Haha..
Ha, I'm relaxed I just hate paying swap x 5 it adds up.
Patience, let the trade come to you.
15 traders viewing now