The Jail Break System | Page 109 | Forex Factory

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The Jail Break System

  • #2,161
  • Nov 25, 2019 9:49am Nov 25, 2019 9:49am
Quoting richy247
{quote} 0.90090.....11/22....02:18pm
buy or sell.
  • #2,162
  • Nov 25, 2019 9:50am Nov 25, 2019 9:50am
Hi all, hope you are all having a good day.
I have been trading my usual break out method and all is ok.

I think I might just have one last hit of Dax, off the 12-00 4 hour bar, which is also an inside bar And the range today is 63 <<<<<very low , with an average daily range of 151.... and don't forget it is the 4-00 fix.

lets see.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,163
  • Nov 25, 2019 9:50am Nov 25, 2019 9:50am
Quoting pamc
{quote} buy or sell.
sell
  • #2,164
  • Nov 25, 2019 9:54am Nov 25, 2019 9:54am
Quoting billytt
Hi all, hope you are all having a good day. I have been trading my usual break out method and all is ok. I think I might just have one last hit of Dax, off the 12-00 4 hour bar, which is also an inside bar And the range today is 63 <<<<<very low , with an average daily range of 151.... and don't forget it is the 4-00 fix. lets see.

not a clean one so i would think getting out at 89900 just below or on the ADR dissection with the upward trendline beneath on the 4hr chart
  • #2,165
  • Nov 25, 2019 10:01am Nov 25, 2019 10:01am
Quoting richy247
In this AudCad Since last week..Entered late(stupid newbie moves)...Anyone willing to give a hint..? {image}
AUD/CAD daily chart.

This will give you the direction.

I'll see if I can build a 4 hour chart and 1 hour chart.

1 hour chart looks like a buy trade.

Trade safe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audcadi-d1-tw-corp-aud-cad-h1.png Size: 42 KB
Click to Enlarge Name: audcadi-h4-tw-corp-aud-cad.png Size: 46 KB
Click to Enlarge Name: audcadi-h1-tw-corp-aud-cad.png Size: 47 KB
Patience, let the trade come to you.
  • #2,166
  • Nov 25, 2019 10:01am Nov 25, 2019 10:01am
sorry Billy, not referring to your post. my mistake
  • #2,167
  • Nov 25, 2019 10:04am Nov 25, 2019 10:04am
Quoting pamc
{quote} not a clean one so i would think getting out at 89900 just below or on the ADR dissection with the upward trendline beneath on the 4hr chart
TP post at 89900...
  • #2,168
  • Nov 25, 2019 10:06am Nov 25, 2019 10:06am
Quoting pamc
sorry Billy, not referring to your post. my mistake
could you look at USDCAD Sold 1.32619....11/22....16:01...thanks
  • #2,169
  • Nov 25, 2019 10:07am Nov 25, 2019 10:07am
Quoting richy247
{quote} sell
not a clean one so i would think getting out at 89900 just below or on the ADR dissection with the upward trendline beneath on the 4hr chart
The pair had been trending down way past a safe amount for jumping on a sell. Also smack bang in mid of trap zones IMO. grab what u can at the ADR and exit.
  • #2,170
  • Nov 25, 2019 10:07am Nov 25, 2019 10:07am
Quoting pamc
{quote} not a clean one so i would think getting out at 89900 just below or on the ADR dissection with the upward trendline beneath on the 4hr chart
I normally only trade one pair at a time (Cable) But myself and a colleague are trading Dax, Ftse and gbp/nzd as well ,except today as he had to go away.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,171
  • Nov 25, 2019 10:12am Nov 25, 2019 10:12am
Quoting richy247
In this AudCad Since last week..Entered late(stupid newbie moves)...Anyone willing to give a hint..? {image}
Hi mate,

Give me 10 mins to reach home open up my chart and update here in a little while.
10% buy 10% sell 80% waiting
  • #2,172
  • Nov 25, 2019 10:13am Nov 25, 2019 10:13am
Quoting thisara1
{quote} {image} {image}
10% buy 10% sell 80% waiting
  • #2,173
  • Nov 25, 2019 10:17am Nov 25, 2019 10:17am
Quoting PokerChip
{quote} AUD/CAD daily chart. This will give you the direction. I'll see if I can build a 4 hour chart and 1 hour chart. 1 hour chart looks like a buy trade. Trade safe {image} {image} {image}
Thanks PokerChips....Time for exit plan as Pamc suggestion too ...
  • #2,174
  • Nov 25, 2019 10:18am Nov 25, 2019 10:18am
Quoting richy247
{quote} could you look at USDCAD Sold 1.32619....11/22....16:01...thanks

Richy mate you sold into a bearish stophunt. you need to zoom out and get a better picture. remember not to try hopping onto a trend. Its all about reversals off logical extremes buddy. look at the chart here
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 251119 billy.png Size: 62 KB
  • #2,175
  • Nov 25, 2019 10:24am Nov 25, 2019 10:24am
Quoting richy247
{quote} Thanks PokerChips....Time for exit plan as Pamc suggestion too ...

You can see the large ranging zone above to your left prior to the resumption of the down trend. Then you have a fake out move of just 14pips to the stops. This can be up to 30pips. That was just a fakeout Rich, took stops and the rest is history. Gotta look at the bigger picture. Stay out of mid range. All the times i have been burnt this way. Still do sometimes when in a rush. Stay safe
  • #2,176
  • Nov 25, 2019 10:25am Nov 25, 2019 10:25am
gotta go guys Invited for dinner.
  • #2,177
  • Nov 25, 2019 10:27am Nov 25, 2019 10:27am
Quoting pamc
{quote} Richy mate you sold into a bearish stophunt. you need to zoom out and get a better picture. remember not to try hopping onto a trend. Its all about reversals off logical extremes buddy. look at the chart here {image}
Yep i can see that ...Slides of hands And i fell for it ...Learning process.
  • #2,178
  • Nov 25, 2019 10:29am Nov 25, 2019 10:29am
Quoting pamc
{quote} You can see the large ranging zone above to your left prior to the resumption of the down trend. Then you have a fake out move of just 14pips to the stops. This can be up to 30pips. That was just a fakeout Rich, took stops and the rest is history. Gotta look at the bigger picture. Stay out of mid range. All the times i have been burnt this way. Still do sometimes when in a rush. Stay safe
Thanks For the explanation...very helpful
  • #2,179
  • Nov 25, 2019 10:40am Nov 25, 2019 10:40am
USD/CAD 4 hour chart
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadi-h4-tw-corp-usd-cad.png Size: 44 KB
Patience, let the trade come to you.
  • #2,180
  • Nov 25, 2019 10:45am Nov 25, 2019 10:45am
AUD/NZD 4 hour chart
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdi-h4-tw-corp-aud-nzd.png Size: 44 KB
Patience, let the trade come to you.
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