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The Jail Break System

  • #1,081
  • Nov 6, 2019 6:43am Nov 6, 2019 6:43am
If Fiber would to stay above 109.200 ( Bullish ) that could change the course of the downside, more STOPS at 109.200 - 109.400?
10% buy 10% sell 80% waiting
  • #1,082
  • Nov 6, 2019 6:58am Nov 6, 2019 6:58am
hi mates. good support on usdjpy 108.9
does it break?
  • #1,083
  • Nov 6, 2019 7:02am Nov 6, 2019 7:02am
Quoting fforexer
hi mates. good support on usdjpy 108.9 does it break?
It looks that way. I'd say level 2 is coming today. I wouldn't be surprised if it ran up to stop hunt though before breaking the low.
  • #1,084
  • Nov 6, 2019 7:10am Nov 6, 2019 7:10am
Hopefully USDJPY can see a break of a downside at price 108.700 area. That will be great for me but I have add another level at price 109.150 area.
10% buy 10% sell 80% waiting
  • #1,085
  • Nov 6, 2019 7:12am Nov 6, 2019 7:12am
Seem to me that EUR and GBP strength is coming... let’s see..

New trades.
Long GBPNZD at price 2.02000.

Long EURAUD at price 1.60700.

Long EURCAD at price 1.45800.

Long EURNZD at price 1.73700.
10% buy 10% sell 80% waiting
  • #1,086
  • Nov 6, 2019 7:18am Nov 6, 2019 7:18am
Now I will change my money management to target
50 - 80 pips profits for 5 to 10 positions each trade depending on my margin leverage. Use to target 100 pips but seem to me that some pairs went in profits of 80 pips and make a u-turn.

Example pairs like I have sold AUDJPY and AUDNZD it actually went down about 80 pips gained and make a turn up.. so I should target 50 - 80 pips or I should say depending on which volatile pairs.

Every single day is a learning day. Learn from it..
10% buy 10% sell 80% waiting
  • #1,087
  • Nov 6, 2019 7:22am Nov 6, 2019 7:22am
Quoting TraderR0N
Now I will change my money management to target 50 - 80 pips profits for 5 to 10 positions each trade depending on my margin leverage. Use to target 100 pips but seem to me that some pairs went in profits of 80 pips and make a u-turn. Example pairs like I have sold AUDJPY and AUDNZD it actually went down about 80 pips gained and make a turn up.. so I should target 50 - 80 pips or I should say depending on which volatile pairs. Every single day is a learning day. Learn from it..
We have to keep learning, and adjusting if we don't will be in trouble.
Patience, let the trade come to you.
  • #1,088
  • Nov 6, 2019 7:23am Nov 6, 2019 7:23am
Hi guys,

When I have inputs so many pairs and price is to let traders know where they should look at those price in case they have miss it including myself.
10% buy 10% sell 80% waiting
  • #1,089
  • Nov 6, 2019 7:24am Nov 6, 2019 7:24am
Quoting PokerChip
{quote} We have to keep learning, and adjusting if we don't will be in trouble.

Yes mate.. you’re right about that.
10% buy 10% sell 80% waiting
  • #1,090
  • Nov 6, 2019 7:31am Nov 6, 2019 7:31am
As PokerChip says think like a Market Maker. The way I look at it is that if I were them I would would have driven the price of the USD/JPY up dramatically then take advantage of the support traders by pumping the price up to induce buyers, then swiping down past that level to trap them. Anything can happen but that's what I'd do.
  • #1,091
  • Nov 6, 2019 7:42am Nov 6, 2019 7:42am
Quoting TraderR0N
Hopefully USDJPY can see a break of a downside at price 108.700 area. That will be great for me but I have add another level at price 109.150 area.

One thing that worries me about this short is the masses are shorting it too, current open and pendings
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  • #1,092
  • Nov 6, 2019 7:45am Nov 6, 2019 7:45am
Quoting pamc
{quote} One thing that worries me about this short is the masses are shorting it too, current open and pendings{image}
Yea mate.. and I would love to see a break of 108.700 and that will be more of a confirmation to the downside .. I’m just afraid that it might have more clusters stops above 109.200 - 109.400 area. I’m sure they have more Stops above these levels to be filled.
10% buy 10% sell 80% waiting
  • #1,093
  • Nov 6, 2019 7:52am Nov 6, 2019 7:52am
trying to keep to within thread guidelines,
we did have something of a consolidated area on 15 minute bar Cable.
this could of been used alongside my trade area.

my bias for cable was and is long, so I took 10 points, we still have another 20/30 to go .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,094
  • Nov 6, 2019 7:54am Nov 6, 2019 7:54am
Quoting pamc
{quote} One thing that worries me about this short is the masses are shorting it too, current open and pendings{image}
That's okay when the " MM " see's the masses are shorting the " MM " will move it up and trap traders on the way down, this might happen several times. I've seen this show before.

Do you see that long green candle from yesterday ? A lot of buyers in that candle.
Patience, let the trade come to you.
  • #1,095
  • Nov 6, 2019 7:54am Nov 6, 2019 7:54am
Quoting TraderR0N
{quote} Yea mate.. and I would love to see a break of 108.700 and that will be more of a confirmation to the downside .. I’m just afraid that it might have more clusters stops above 109.200 - 109.400 area. I’m sure they have more Stops above these levels to be filled.

the heavy stops clusters are visible on my charts with the blue horizontal lines
  • #1,096
  • Nov 6, 2019 8:00am Nov 6, 2019 8:00am
Quoting pamc
{quote} the heavy stops clusters are visible on my charts with the blue horizontal lines
Yes mate
10% buy 10% sell 80% waiting
  • #1,097
  • Nov 6, 2019 8:03am Nov 6, 2019 8:03am
I think USD/JPY is about ready for another push down.
Patience, let the trade come to you.
  • #1,098
  • Edited 8:28am Nov 6, 2019 8:14am | Edited 8:28am
Quoting PokerChip
{quote} That's okay when the " MM " see's the masses are shorting the " MM " will move it up and trap traders on the way down, this might happen several times. I've seen this show before. Do you see that long green candle from yesterday ? A lot of buyers in that candle.
That long green candle looks like they're waving, "hey, buy me buy me!" Not to mention, Midweek reversals usually come after a run up like that.
  • #1,099
  • Nov 6, 2019 8:18am Nov 6, 2019 8:18am
what about eurusd eurgbp ? any idea?
  • #1,100
  • Nov 6, 2019 8:19am Nov 6, 2019 8:19am
Hi traders,

Forex expiries 6 November 2019
Expiring 15.00 GMT


USDJPY
109.20 585m
108.70 800m
108.00 1.52bn

EURUSD
1.1150 1.21bn
1.1020 1.82bn

AUDUSD
0.6800 2.48bn
10% buy 10% sell 80% waiting
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