The Jail Break System | Page 106 | Forex Factory

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The Jail Break System

  • #2,101
  • Nov 25, 2019 4:19am Nov 25, 2019 4:19am
Quoting TraderR0N
{quote} Hi TradeWreck, Are you still holding this pair, because I will set 2 targets for EURUSD atm.. First target - 1.10100. Second target - 1.09500. Cheers. Ron.
Good morning, I stayed in it to 1.10216. I tried to hold tight for one more leg to the target but got shook out. I am happy with the nice profit I did get and will follow the pair to see if I can get back in for the next leg up.
  • #2,102
  • Nov 25, 2019 4:19am Nov 25, 2019 4:19am
Quoting richy247
Guys ...As you can see Jail formation here(red box)..Could you please explain the best time to get it ...That as always being my biggest flaw....Newbie question Thanks {image}
structural low/high area is a good place to start. previous day/week/ month hi/lo
  • #2,103
  • Nov 25, 2019 4:52am Nov 25, 2019 4:52am
Quoting pamc
{quote} structural low/high area is a good place to start. previous day/week/ month hi/lo
Yes Sir...Pdf is eye opening ...Thankz
  • #2,104
  • Nov 25, 2019 5:17am Nov 25, 2019 5:17am
Quoting richy247
Guys ...As you can see Jail formation here(red box)..Could you please explain the best time to get it ...That as always being my biggest flaw....Newbie question Thanks {image}

Hi mate,

One more lower low to create new low maybe or test the low again at 1.05730 or move back up at the current price. Must watch PA..
10% buy 10% sell 80% waiting
  • #2,105
  • Nov 25, 2019 5:18am Nov 25, 2019 5:18am
Dinner now.
BRB.
10% buy 10% sell 80% waiting
  • #2,106
  • Nov 25, 2019 5:37am Nov 25, 2019 5:37am
Quoting pamc
{image}{image} NZDCHF is in my opinion almost ripe for the reversal. 1)overshot the previous high to the left 2) railroad track and consolidation 3) wedge formed at a previous high 4) waiting for another fake out to go just above the high of the wedge and take 3 positions/trades down with different levels TP target. A similar kinda set up forming on EURGBP, but want to see the impulse steep move down to take out the previous low 29th april and form confirmations of reversal up as NZD

Anyone get in on this NZDCHF sell? this is gonna head all the way to the .63500 area today with AUD NZD going the other way
  • #2,107
  • Nov 25, 2019 5:57am Nov 25, 2019 5:57am
AUDNZD is at the juncture of the buy reversal zone for more upside.. I’m still in this trade at price 1.06007 area.. not adding any more position on this pair. We will have AUD news to see whether will push up this pair.. above 1.06 could be a safe zone to the upside.. now seem like price wanted to move up by not having any pullback atm..

Overall trend its still a uptrend..

Cheers!
10% buy 10% sell 80% waiting
  • #2,108
  • Nov 25, 2019 5:59am Nov 25, 2019 5:59am
Quoting TradeWreck
{quote} Good morning, I stayed in it to 1.10216. I tried to hold tight for one more leg to the target but got shook out. I am happy with the nice profit I did get and will follow the pair to see if I can get back in for the next leg up.
GM TradeWreck,

Yes you’re right.. will reload short again when price retrace higher..
10% buy 10% sell 80% waiting
  • #2,109
  • Nov 25, 2019 6:02am Nov 25, 2019 6:02am
Quoting pamc
{quote} Anyone get in on this NZDCHF sell? this is gonna head all the way to the .63500 area today with AUD NZD going the other way

Nice trade bud!

Follow by NZDJPY is also going down hill.

10% buy 10% sell 80% waiting
  • #2,110
  • Nov 25, 2019 6:04am Nov 25, 2019 6:04am
Hi guys,

I have entered short for GBPCAD at the retracement level at .1.71250 to target 1.70200.

Lets wait for NY market.

10% buy 10% sell 80% waiting
  • #2,111
  • Nov 25, 2019 6:07am Nov 25, 2019 6:07am
Quoting TraderR0N
{quote} Nice trade bud! Follow by NZDJPY is also going down hill.

NOW its going for the final stop hunt prior to full move down. bastards. sneaky. They created a parallel resistance up top, level with prior high far over to the left, broke out of the wedge, up to the resistance, supposedly confirming the resistance, broke down out of wedge far inough to create a LL and LH, then reversed to go for the stop hunt, prob around 20 pips above resistance.
  • #2,112
  • Nov 25, 2019 6:18am Nov 25, 2019 6:18am
Quoting pamc
{quote} NOW its going for the final stop hunt prior to full move down. bastards. sneaky. They created a parallel resistance up top, level with prior high far over to the left, broke out of the wedge, up to the resistance, supposedly confirming the resistance, broke down out of wedge far inough to create a LL and LH, then reversed to go for the stop hunt, prob around 20 pips above resistance.
LOL!!

Nice bud. NZDCHF is slow moving pair.. ha
10% buy 10% sell 80% waiting
  • #2,113
  • Nov 25, 2019 6:20am Nov 25, 2019 6:20am
Quoting TraderR0N
{quote} LOL!! Nice bud. NZDCHF is slow moving pair.. ha
well an average 50pips daily (ADR) on this pair is not to be sneered at
  • #2,114
  • Nov 25, 2019 6:25am Nov 25, 2019 6:25am
Quoting pamc
{quote} well an average 50pips daily (ADR) on this pair is not to be sneered at
Yes thats will be good enough.. my target will always at 50 pips to 80 pips unless PA telling me that this pair has more rooms to go north or south.

I rather have 5 positions for 50 pips than having 1 position for 250 pips.. and when you have 5 positions you can also manage your trade individually like partial close...
10% buy 10% sell 80% waiting
  • #2,115
  • Nov 25, 2019 6:33am Nov 25, 2019 6:33am
GBPCAD, EURCAD and CADJPY.

CAD red news GDP on Friday.. if printing red could push the above pairs up to north imo..

Some times news are important whether to stay in the trade or closed it then reload them again..
10% buy 10% sell 80% waiting
  • #2,116
  • Nov 25, 2019 6:37am Nov 25, 2019 6:37am
GBPUSD update

Imo.. GBPUSD possible to reject again at price 1.29000 area and move back down to 1.27500 - 1.27 area..
10% buy 10% sell 80% waiting
  • #2,117
  • Nov 25, 2019 6:41am Nov 25, 2019 6:41am
USDJPY update

USDJPY possible to reject again at price
109.000 - 109.500 area and move back down to 107.50 area maybe..
10% buy 10% sell 80% waiting
  • #2,118
  • Nov 25, 2019 6:49am Nov 25, 2019 6:49am
Quoting PokerChip
{quote} Good morning Kellytrade, Thank you for you're post, and you're very welcome for the thread. We all start trading the same, we lose a few and win a few. It's part of learning the hard way. I think once traders learn that the " true goal " of the " MM " is to not bring liquidity to the market, but to grab you're whole account and make you invest more money because traders want to get their money back in a hurry before the wife finds out. That's the way it was for a lot of traders I know. If you want my advice and it's free, ha. Start out the...
Thanks Poker Chip and Ron for the warm welcome. Yes I do notice the friendliness of this thread and certainly want to stay around and learn from everyone. I will use the coming weeks to re-read some of the main points of your system (kinda like sharpening my knife) and put them into good use come January 2020.
  • #2,119
  • Nov 25, 2019 7:00am Nov 25, 2019 7:00am
Quoting pamc
{file} Here is one i missed out yesterday. Daily Highs and lows in coloured boxes for easy view.
Hi pamc, I have downloaded your DailyLineBoxes and pasted in my broker's data folder. After refresh my mt4 platform, I could not find it in my custom indicator section. Please help. Thank you.

Regard,
Corinna.
  • #2,120
  • Nov 25, 2019 7:04am Nov 25, 2019 7:04am
Quoting Kellytrade
{quote} Thanks Poker Chip and Ron for the warm welcome. Yes I do notice the friendliness of this thread and certainly want to stay around and learn from everyone. I will use the coming weeks to re-read some of the main points of your system (kinda like sharpening my knife) and put them into good use come January 2020.

Nice Kellytrade. Best is to read and apply at the same time will be good.
10% buy 10% sell 80% waiting
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