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The Jail Break System

  • #3,061
  • Dec 6, 2019 9:18am Dec 6, 2019 9:18am
Quoting billytt
{quote} I longed the break of the 00-00 4 hour bar, this actually failed biut I then went shoer on break of low, This is all standard for me, and I chased the daily range (or part 0f it). and got enough lol. Then we had my main trade, I shorted the 08-00 15 minute bar for 5%. Happy Days.

Hi Billy.


Thanks for sharing your view on Cable.

Please look at the chart on Cable Weekly & H4 TF, which I've marked the jail with possible reversal zone.

Appreciate your comment and view on this as you are the Cable Master

Thanks
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu 114.jpg Size: 196 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,062
  • Dec 6, 2019 9:20am Dec 6, 2019 9:20am
Quoting Pat Chiko
{quote} PokerChip Sir GBP USD Thanks for the head-ups. Managed to closed the scalping position with good R:R. I see price is going higher now. Billytt must be very happy now , coz he went long for this pair. You've done great job here. Thanks again
Are they taking GBP back up then...GBPAUD,GBPNZD,...etc?
  • #3,063
  • Dec 6, 2019 9:23am Dec 6, 2019 9:23am
Quoting richy247
{quote} Are they taking GBP back up then...GBPAUD,GBPNZD,...etc?

Hi Richy.

We wait for Billytt a.k.a Cable Master to comment.

He's committed trading Cable and knows inside out of that pair.

How are you today ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,064
  • Dec 6, 2019 9:33am Dec 6, 2019 9:33am
Quoting Pat Chiko
{quote} Hi Richy. We wait for Billytt a.k.a Cable Master to comment. He's committed trading Cable and knows inside out of that pair. How are you today ?
Trying to keep up with you guys ....Nice Trades you got there Pat...I see you missed couple CADJPY...
  • #3,065
  • Dec 6, 2019 9:36am Dec 6, 2019 9:36am
Quoting Pat Chiko
{quote} Hi Billy. Thanks for sharing your view on Cable. Please look at the chart on Cable Weekly & H4 TF, which I've marked the jail with possible reversal zone. Appreciate your comment and view on this as you are the Cable Master Thanks {image} {image}
To Be Honest, I do not know.
I trade lines, we may get the bounce down from the monthly high, OR IT MIGHT BREAK THROUGH !
BUT I NEED THE TRIGGER OFF A SPECIFIC BAR.
I can chase daily range but that is as far as it goes.

Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,066
  • Dec 6, 2019 9:43am Dec 6, 2019 9:43am
Quoting billytt
{quote} To Be Honest, I do not know. I trade lines, we may get the bounce down from the monthly high, OR IT MIGHT BREAK THROUGH ! BUT I NEED THE TRIGGER OFF A SPECIFIC BAR. I can chase daily range but that is as far as it goes. Trade well.
GBP.... Just weird like its weather ...
  • #3,067
  • Dec 6, 2019 9:45am Dec 6, 2019 9:45am
Quoting Pat Chiko
{quote} EUR GBP Getting closer to my SL. Not looking good Tight SL for GBP crosses/pairs {image}

EUR GBP

Stopped Out.

I have another Limit Order waiting to get filled. ( Appox. 22 pips to get fill)

Maybe next week.
Attached Image (click to enlarge)
Click to Enlarge Name: egbp 107.jpg Size: 300 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,068
  • Dec 6, 2019 9:51am Dec 6, 2019 9:51am
Quoting richy247
{quote} GBP.... Just weird like its weather ...
You are correct with the weather.
Cable is Cable, if you have the trigger just go with the market movers...
I have been saying for years and years <<<<<< yes I am boring.

we have for instance, Resistance or Support level .
we have break out traders AND retrace traders OF THESE LEVELS. , SO WHO ACTUALLY IS RIGHT....

NO TRIGGER, NO TRADE......all the trash which is written in the trading manuals needs to be trashed....
It teaches people how to fail at trading.
Rant over....
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,069
  • Dec 6, 2019 9:59am Dec 6, 2019 9:59am
Quoting richy247
{quote} Trying to keep up with you guys ....Nice Trades you got there Pat...I see you missed couple CADJPY...

Hi Rich.

Yes. missed those trade as today I focus on GBP pairs.

Anyway, my newbies observation.

I notice that EUR/CAD and CAD/JPY normally move in sync.

Is there any correlation between those crosses ?

I've yet to learn about correlated pair. Still long way to become better trader like you

Here's those crosses pair charts for comparison

Thanks for your view.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ECAD 106.jpg Size: 189 KB
Click to Enlarge Name: cadjpy 106.jpg Size: 200 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,070
  • Dec 6, 2019 10:07am Dec 6, 2019 10:07am
Quoting billytt
{quote} You are correct with the weather. Cable is Cable, if you have the trigger just go with the market movers... I have been saying for years and years <<<<<< yes I am boring. we have for instance, Resistance or Support level . we have break out traders AND retrace traders OF THESE LEVELS. , SO WHO ACTUALLY IS RIGHT.... NO TRIGGER, NO TRADE......all the trash which is written in the trading manuals needs to be trashed.... It teaches people how to fail at trading. Rant over.... Trade well.
LOL....yep its all trash...GBP everyones biggest winning and biggest lossing...Would be nice if Someone Specialize on GBP Alone ..Knows when MM comes in and out...Just pick the Weak Pair At that POINT and ride the horse to TP...
  • #3,071
  • Dec 6, 2019 10:08am Dec 6, 2019 10:08am
Quoting Pat Chiko
{quote} Hi Rich. Yes. missed those trade as today I focus on GBP pairs. Anyway, my newbies observation. I notice that EUR/CAD and CAD/JPY normally move in sync. Is there any correlation between those crosses ? I've yet to learn about correlated pair. Still long way to become better trader like you Here's those crosses pair charts for comparison Thanks for your view. {image} {image}
Im sure you know CAD news happens to be very bad Compare to EUR
  • #3,072
  • Dec 6, 2019 10:11am Dec 6, 2019 10:11am
Quoting Pat Chiko
{quote} USD JPY NFP Empty handed on this pair.. lol {image}

USD JPY


Chasing the price. Getting in the trade on pullback

Missed the trade during NFP.

Trying to get some now
Attached Image (click to enlarge)
Click to Enlarge Name: uj 107.jpg Size: 218 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,073
  • Dec 6, 2019 10:47am Dec 6, 2019 10:47am
Quoting Pat Chiko
{quote} USD JPY Chasing the price. Getting in the trade on pullback Missed the trade during NFP. Trying to get some now {image}
Pat here's my daily chart for the USD/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyi-d1-tw-corp-usd-jpy-daily-chart.png Size: 41 KB
Patience, let the trade come to you.
  • #3,074
  • Dec 6, 2019 11:00am Dec 6, 2019 11:00am
Have a good weekend all,
I may be around.
Take Care...……………..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,075
  • Dec 6, 2019 11:06am Dec 6, 2019 11:06am
Quoting PokerChip
{quote} Pat here's my daily chart for the USD/JPY {image}

Thanks PokerChip.


Time to close all now.

Weekend to rest with family.

Have a great weekend all.

Thank You
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,076
  • Dec 6, 2019 11:20am Dec 6, 2019 11:20am
Quoting Lekkim
{quote} Herd now in bearish on the day (with the pair up 0,25%) - dragging this down - seems it want to close the gap
Closing 120.02 - gap gone
  • #3,077
  • Dec 6, 2019 1:19pm Dec 6, 2019 1:19pm
Have a great weekend everyone.

Yes, I'm still stuck in GBP/CAD.
Patience, let the trade come to you.
  • #3,078
  • Dec 6, 2019 1:35pm Dec 6, 2019 1:35pm
Quoting PokerChip
Have a great weekend everyone. Yes, I'm still stuck in GBP/CAD.
Good weekend to you PokerChip...Thanks for the week
  • #3,079
  • Dec 6, 2019 3:45pm Dec 6, 2019 3:45pm
USD/JPY D1 completed a swing high. My view it's short but there is also the thing between USA and Japan and i don't know how it will affect the market. Anyway i will not trade it, i'm waiting the elections to catch the big GBP move: this is my plan.

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  • #3,080
  • Dec 6, 2019 11:01pm Dec 6, 2019 11:01pm
Quoting PokerChip
Have a great weekend everyone. Yes, I'm still stuck in GBP/CAD.
I'm in the same "jail" as you Poker Chip, still holding on as long as my margin permits.

Have a good weekend!
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