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The Jail Break System

  • #2,181
  • Nov 25, 2019 10:46am Nov 25, 2019 10:46am
Quoting TraderR0N
{quote} Hi mate, Give me 10 mins to reach home open up my chart and update here in a little while.
Hi richy247,

AUDCAD

This pair on Hourly chart its heading down and on the H4 chart its also heading down.. can still target 0.89770 - 0.89660 area. If 0.89660 breaks then would probably head down to 0.88970 area but again we have AUD news tomorrow so becareful.. just target min at 0.89770 first and see how PA moves after the news tomorrow and load them again when the time is right.

As for USDCAD, its still heading up as mention last Friday.. 1.33200 - 1.33500 area.. watch this price for reversal.

Hopes that helps you to plan your trade.
BRB
10% buy 10% sell 80% waiting
  • #2,182
  • Nov 25, 2019 10:50am Nov 25, 2019 10:50am
Quoting PokerChip
USD/CAD 4 hour chart {image}
Hopefully Usdcad get a Bounce off at Daily Wall...What do you think ? Since thats the 3rd (4h) Phase...Reversal is possible
Attached Image (click to enlarge)
Click to Enlarge Name: UC76366.PNG Size: 159 KB
  • #2,183
  • Nov 25, 2019 11:03am Nov 25, 2019 11:03am
Quoting TraderR0N
{quote} Hi richy247, AUDCAD This pair on Hourly chart its heading down and on the H4 chart its also heading down.. can still target 0.89770 - 0.89660 area. If 0.89660 breaks then would probably head down to 0.88970 area but again we have AUD news tomorrow so becareful.. just target min at 0.89770 first and see how PA moves after the news tomorrow and load them again when the time is right. As for USDCAD, its still heading up as mention last Friday.. 1.33200 - 1.33500 area.. watch this price for reversal. Hopes that helps you to plan your trade....
For AudCad...Will take what i can and leave to fight another pair ...UsdCad I will wait for the reversal...Its becoming clear to me the Stupid mistake im always making...

1.First Establish the Major Direction(jail Phase 1.2.3)..For 1H and confirm with 4H (even better with D1)
2.Wait for for a pullback to test moving average/jail(to Enter or Reload)....My biggest mistakes
3.Establish a Tp(preferably 40-50pips/ADR/??)
4.Repeat the process again...

Please correct me if im wrong.
Thanks
  • #2,184
  • Nov 25, 2019 11:13am Nov 25, 2019 11:13am
Quoting richy247
{quote} For AudCad...Will take what i can and leave to fight another pair ...UsdCad I will wait for the reversal...Its becoming clear to me the Stupid mistake im always making... 1.First Establish the Major Direction(jail Phase 1.2.3)..For 1H and confirm with 4H (even better with D1) 2.Wait for for a pullback to test moving average/jail(to Enter or Reload)....My biggest mistakes 3.Establish a Tp(preferably 40-50pips/ADR/??) 4.Repeat the process again... Please correct me if im wrong. Thanks
My advice is if you want to enter in Hourly then its better to check H4 timeframe, entry on H4 then check Daily timeframe, why answer is Daily is base on 1 candle which we do not know what is happening inside the Daily candle.. but as for H4 candles is 6 candles we still know whats the next 4h candle is doing.. don’t be greedy just aim for 50 - 80 pips depending on which volatile pair you’re trading or you can also use ADR as a profits taking tool.

For me if I’m not clear on Hourly chart I will go to the next timeframe which is H4 to have a better view before I enter my positions. I only check Daily timeframe when I want to enter trades on H4 for swing.

Edit: I only use Daily candle closed to know whats going on for the next day.

Hopes that helps you to understand better.
10% buy 10% sell 80% waiting
  • #2,185
  • Nov 25, 2019 11:19am Nov 25, 2019 11:19am
Quoting richy247
{quote} For AudCad...Will take what i can and leave to fight another pair ...UsdCad I will wait for the reversal...Its becoming clear to me the Stupid mistake im always making... 1.First Establish the Major Direction(jail Phase 1.2.3)..For 1H and confirm with 4H (even better with D1) 2.Wait for for a pullback to test moving average/jail(to Enter or Reload)....My biggest mistakes 3.Establish a Tp(preferably 40-50pips/ADR/??) 4.Repeat the process again... Please correct me if im wrong. Thanks
Hi mate,

Stupid mistakes will make you a better trader because we all learn from mistakes unless we keep repeating the same mistakes then something is very wrong with us..if you have no mistakes in trading you will never learn from it.
10% buy 10% sell 80% waiting
  • #2,186
  • Nov 25, 2019 11:24am Nov 25, 2019 11:24am
Quoting TraderR0N
{quote} My advice is if you want to enter in Hourly then its better to check H4 timeframe, entry on H4 then check Daily timeframe, why answer is Daily is base on 1 candle which we do not know what is happening inside the Daily candle.. but as for H4 candles is 6 candles we still know whats the next 4h candle is doing.. don’t be greedy just aim for 50 - 80 pips depending on which volatile pair you’re trading or you can also use ADR as a profits taking tool. For me if I’m not clear on Hourly chart I will go to the next timeframe which is H4 to have...
Very Clear...And I have an example Im willing to share here ...Hope im not annoying with the educational questions...ChfJpy....Nice setup for Entry ...

1H and below is 4H...CHFJPY

The blue line is Weekly Open line ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1H.....PNG Size: 228 KB
Click to Enlarge Name: 4H.....kkij.PNG Size: 202 KB
  • #2,187
  • Nov 25, 2019 11:27am Nov 25, 2019 11:27am
Quoting TraderR0N
{quote} Hi mate, Stupid mistakes will make you a better trader because we all learn from mistakes unless we keep repeating the same mistakes then something is very wrong with us..if you have no mistakes in trading you will never learn from it.
You're very right ....Gonna learn from this range entry mistakes i always make...When you losse money you get the message faster
  • #2,188
  • Nov 25, 2019 11:39am Nov 25, 2019 11:39am
Quoting richy247
{quote} You're very right ....Gonna learn from this range entry mistakes i always make...When you losse money you get the message faster
Well said mate.
10% buy 10% sell 80% waiting
  • #2,189
  • Nov 25, 2019 11:41am Nov 25, 2019 11:41am
I’ m going to short USDCAD soon when the time is right. Still watching price action.

Once I have entered I will update here.

Thanks.
Ron.
10% buy 10% sell 80% waiting
  • #2,190
  • Nov 25, 2019 11:45am Nov 25, 2019 11:45am
It seem like EURUSD is defending the 1.10 critical support. If give way will head down to
1.09500 - 1.09.
10% buy 10% sell 80% waiting
  • #2,191
  • Nov 25, 2019 11:47am Nov 25, 2019 11:47am
Monday trading is to trap traders by entering their positions and got stuck in their trade. So Monday is actually not a good day to trade unless we know how to.
10% buy 10% sell 80% waiting
  • #2,192
  • Nov 25, 2019 12:19pm Nov 25, 2019 12:19pm
Let me take a closer look again at Sell USDCAD for my friend richy247 to give him confident.

BRB
10% buy 10% sell 80% waiting
  • #2,193
  • Nov 25, 2019 12:25pm Nov 25, 2019 12:25pm
Quoting TraderR0N
Let me take a closer look again at Sell USDCAD for my friend richy247 to give him confident. BRB
Lol please do ...
  • #2,194
  • Nov 25, 2019 12:32pm Nov 25, 2019 12:32pm
Quoting richy247
{quote} Lol please do ...
USDCAD
Ok there are 2 level of price I will be looking at now.
1.33200 - 1.33500. I will short now and in any case price goes up I will load them again at my above price.

Good luck.
10% buy 10% sell 80% waiting
  • #2,195
  • Nov 25, 2019 12:41pm Nov 25, 2019 12:41pm
Quoting TraderR0N
{quote} USDCAD Ok there are 2 level of price I will be looking at now. 1.33200 - 1.33500. I will short now and in any case price goes up I will load them again at my above price. Good luck.
Good luck Brother... who need luck when you got Jail breakers
  • #2,196
  • Nov 25, 2019 12:41pm Nov 25, 2019 12:41pm
Good night guys.
10% buy 10% sell 80% waiting
  • #2,197
  • Nov 25, 2019 12:42pm Nov 25, 2019 12:42pm
Quoting richy247
{quote} Good luck Brother... who need luck when you got Jail breakers
Thanks mate. Lol. Good night.
10% buy 10% sell 80% waiting
  • #2,198
  • Nov 25, 2019 12:43pm Nov 25, 2019 12:43pm
Quoting TraderR0N
{quote} USDCAD Ok there are 2 level of price I will be looking at now. 1.33200 - 1.33500. I will short now and in any case price goes up I will load them again at my above price. Good luck.
In the hourly frame, we can see perfectly price making the 3 level with room to go up a little more.
Uncertainty of the market must be embraced and accepted.
  • #2,199
  • Nov 25, 2019 12:49pm Nov 25, 2019 12:49pm
Quoting TraderR0N
{quote} Thanks mate. Lol. Good night.
Night Night
  • #2,200
  • Nov 25, 2019 1:12pm Nov 25, 2019 1:12pm
Quoting slb
{quote} In the hourly frame, we can see perfectly price making the 3 level with room to go up a little more.
Yep...room to go up ...And On 4H/Daily shows Major Resistance...What do i know just a newbie...
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