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The Jail Break System

  • #761
  • Nov 1, 2019 12:16pm Nov 1, 2019 12:16pm
Quoting PokerChip
GBP/CAD update. I could not help myself I was compelled to trade after it came out of reversal. I'm weak, I'm addicted to trading. I normally don't trade on Friday. {image}
hahahahaha.. you too no discipline

And that’s the reason I like to leave it there for 3 levels.
10% buy 10% sell 80% waiting
  • #762
  • Nov 1, 2019 12:17pm Nov 1, 2019 12:17pm
Quoting TraderR0N
Updates on my GBPCAD so far. The rest still {image} {image}
I think you might have a future in forex trading. You are killing it. Excellent week Trader Ron.
Patience, let the trade come to you.
  • #763
  • Edited 12:39pm Nov 1, 2019 12:20pm | Edited 12:39pm
Quoting PokerChip
{quote} I think you might have a future in forex trading. You are killing it. Excellent week Trader Ron.

Haha.. 8 yrs of trading don’t come easy bud.. burning accounts to learn by hard lack of sleep too much caffeine think too much even though when you’re sleeping.. fag
too much..smash my macbook lol damn.. I will never forget that memory.. lol

I have learned by hard..
10% buy 10% sell 80% waiting
  • #764
  • Nov 1, 2019 12:27pm Nov 1, 2019 12:27pm
Quoting TraderR0N
{quote} Haha.. 8 yrs of trading don’t come easy bud.. burning accounts to learn by hard lack of sleep too much caffeine think too much even though when you’re sleeping.. smoke too much..smash my macbook lol damn.. I will never forget that memory.. lol I have learn hard..

Man you guys are hopeless pip junkies. Shame on ya all. At least its money making. I Stayed off all day.
  • #765
  • Nov 1, 2019 12:28pm Nov 1, 2019 12:28pm
Quoting pamc
{quote} Man you guys are hopeless pip junkies. Shame on ya all. At least its money making. I Stayed off all day.
more opportunities ahead mate..
10% buy 10% sell 80% waiting
  • #766
  • Nov 1, 2019 12:29pm Nov 1, 2019 12:29pm
GC can go as far as 150 - 200 pips easily because of its volatility.. let’s see.
10% buy 10% sell 80% waiting
  • #767
  • Edited 1:36pm Nov 1, 2019 12:32pm | Edited 1:36pm
Next week analysis.

Level to watch for EURUSD will be at price
1.11850 - 1.12000. For short reversal. If price reach.

Level to watch for GBPUSD will be at price
1.29750 - 1.30000. For short reversal. If price reach.

Level to watch for EURUSD will be at price
1.1120 1.10940. For long reversal. If price reach.


Next week pairs to look at.
EURUSD, GBPUSD, AUDUSD, AUDCAD, AUDNZD, EURNZD, USDCAD and USDJPY many more..

Enjoy and rest your weekends.

Ron.
10% buy 10% sell 80% waiting
  • #768
  • Nov 1, 2019 12:33pm Nov 1, 2019 12:33pm
Quoting pamc
{quote} Man you guys are hopeless pip junkies. Shame on ya all. At least its money making. I Stayed off all day.
PAMC, you're stronger than I am, ha. But I could not pass on GBP/CAD, my computer was screaming trade it !

PIP junkies, lol...…...that's funny.
Attached Image
Patience, let the trade come to you.
  • #769
  • Nov 1, 2019 12:37pm Nov 1, 2019 12:37pm
Quoting TraderR0N
{quote} Haha.. 8 yrs of trading don’t come easy bud.. burning accounts to learn by hard lack of sleep too much caffeine think too much even though when you’re sleeping.. smoke too much..smash my macbook lol damn.. I will never forget that memory.. lol I have learn hard..
You're right a lot of sleep less nights. But, not anymore, thank God.
Patience, let the trade come to you.
  • #770
  • Nov 1, 2019 12:39pm Nov 1, 2019 12:39pm
Quoting TraderR0N
GC can go as far as 150 - 200 pips easily because of its volatility.. let’s see.
You think so ? I do like the expensive pairs more. They trade a lot easier. Not ask much herky jerky stuff.
Patience, let the trade come to you.
  • #771
  • Nov 1, 2019 12:42pm Nov 1, 2019 12:42pm
Quoting PokerChip
{quote} You think so ? I do like the expensive pairs more. They trade a lot easier. Not ask much herky jerky stuff.

Yep yep... most of the GBP pairs I would say and with the Brexit headlines making it harder to trade.. is like taking us for a spin on roller coaster ride.. lol
10% buy 10% sell 80% waiting
  • #772
  • Nov 1, 2019 12:43pm Nov 1, 2019 12:43pm
Quoting PokerChip
{quote} PAMC, you're stronger than I am, ha. But I could not pass on GBP/CAD, my computer was screaming trade it ! PIP junkies, lol...…...that's funny. {image}
i was sorely tempted, especially as there were several CAD pairs with similar pattern setups. DAMN. NO, forget it PAMC.
  • #773
  • Nov 1, 2019 12:52pm Nov 1, 2019 12:52pm
Quoting pamc
{quote} i was sorely tempted, especially as there were several CAD pairs with similar pattern setups. DAMN. NO, forget it PAMC.
You're strong, me not so much, ha.
Patience, let the trade come to you.
  • #774
  • Nov 1, 2019 1:04pm Nov 1, 2019 1:04pm
Quoting PokerChip
{quote} You're strong, me not so much, ha.
can i have your input on USDCAD pls
  • #775
  • Nov 1, 2019 1:07pm Nov 1, 2019 1:07pm
Quoting tuffysteeler
Thanks so much for the detailed response. I have a history with 3 level trading but couldn't grasp it as well as you've explained it so thank you. Another question. I know you don't trade on Fridays but what if you were trading from Reversal to Reversal and the pair was at level 1 or 2. Would you hold those over the weekend or cut any trades on Friday regardless of where they are in the cycle? I know gapping could be a problem but just curious. Thanks PokerChip and TraderR0N for walking us through all of this because it's priceless knowledge.
Hi tuffysteeler,
Sorry just saw your post..

Ok regarding this holding positions over the weekend is very subjective to each individual trader.. normally I would hold trades over the weekend since I’m in profits but I will locked my gains but if I’m been close out before weekend close then probably next following week I will look at chart on the particular pair and I will re- entry if price action allows..

Happy Weekend...
10% buy 10% sell 80% waiting
  • #776
  • Nov 1, 2019 1:15pm Nov 1, 2019 1:15pm
Hi Pamc,

This is for you mate. USDCAD.

key level to watch 1.31 - 1.30500 for buy reversal. Watching it closely.
10% buy 10% sell 80% waiting
  • #777
  • Edited 1:36pm Nov 1, 2019 1:16pm | Edited 1:36pm
Quoting pamc
{quote} can i have your input on USDCAD pls
USD/CAD looks like it's stuck at the 2nd level. I wouldn't trade it until it reverses.

Reverse means if it makes it to the 3rd level. Right now the chart is a mess.
Patience, let the trade come to you.
  • #778
  • Nov 1, 2019 1:22pm Nov 1, 2019 1:22pm
Quoting PokerChip
{quote} USD/CAD looks like it's stuck at the 2nd level. I wouldn't trade it until it reverses. Reverse means if it makes it to the 3rd level. Right now the chart is a mess.

thanks guys will watch for monday
  • #779
  • Nov 1, 2019 1:28pm Nov 1, 2019 1:28pm
Quoting TraderR0N
{quote} As for USDCAD, I reckon that it can still go as high as 1.32ish area before reversal starts.. watching this pair for sell next week at 3 level down.
Here and missed the sell trade for USDCAD as mention And true enough it’s has been rejected at price 1.32 for reversal short trade.. is ok move on now looking at buy reversal if price below reach next week..

Too many pairs to focus on..

USDCAD.

key level to watch 1.31 - 1.30500 for buy reversal. Watching it closely. Next week plan setup..
10% buy 10% sell 80% waiting
  • #780
  • Nov 1, 2019 1:33pm Nov 1, 2019 1:33pm
Quoting TraderR0N
{quote} Hi tuffysteeler, Pls allow me to answer your question. Not necessary that the 13EMA and 50EMA have to cross down or up, let me give you some tips on that.. as long as you spot rejection candlestick patterns or railway formations, that could be the peak of the highs or the lows. You can place your trades and leave it for 3 level up or down. Look at structure left on GBPCAD chart on PokerChip above post you can see that there’s rejection candlesticks plus railway formation. At times some pairs may retest the highs and lows to trick traders...
Hi Larryxx,

This is for you.
10% buy 10% sell 80% waiting
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