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The Jail Break System

  • #4,421
  • Jan 20, 2020 4:33pm Jan 20, 2020 4:33pm
Quoting PokerChip
{quote} Still waiting for EUR/GBP to surge up. Maybe tomorrow. I did buy EUR/CHF at $1.0740
EURCHF reversal is coming very soon, I agree. I would like to see some price action confirmation as "W", or a couple of H4 bar candles with pins at least. I also keep an eye on 2017 low.

Let's buy the first position now and be ready to enter the second position a bit lower for a better price

Thanks
K.
Attached Image (click to enlarge)
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  • #4,422
  • Jan 20, 2020 4:38pm Jan 20, 2020 4:38pm
Hi guys,

After checking and looking through my NZDUSD chart and decided to post here before going to bed.
It will drop and retrace drop and retrace and drop to at least 150 - 200 pips before buy reversal comes in.

It should be trading lower into the 0.64900 - 0.63800 area and buyers will be waiting there for reversal.

I have sold this pair heavily at 0.66100 and 0.66050

Lets be patience and will see.

Good night again.
10% buy 10% sell 80% waiting
  • #4,423
  • Jan 20, 2020 5:05pm Jan 20, 2020 5:05pm
Quoting PokerChip
EUR/CHF daily candle chart update. EUR/CHF daily line chart, please see the fishing hook at the bottom reversal. I would think this reversal is real not fake, which is the very best entry point to buy. The pair has dropped 307 pips from the top on the daily chart. {image} {image}

EURCHF W1

Actually it filled an old gap, i think it will reverse now
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  • #4,424
  • Jan 20, 2020 5:11pm Jan 20, 2020 5:11pm
Quoting MrGreen95
{quote} EURCHF W1 Actually it filled an old gap, i think it will reverse now {image}
Very good point
  • #4,425
  • Jan 20, 2020 5:25pm Jan 20, 2020 5:25pm
Btw.. is anybody watching and counting levels on the dollar index, or any other currency indices?
Attached Image (click to enlarge)
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  • #4,426
  • Jan 20, 2020 5:41pm Jan 20, 2020 5:41pm
E/G H4

If minor supply zone will not affect the price, making a triple bottom, i expect the cross dropping down to another very good untested and strong supply zone, we can see a rallly was made in this area: i think in this zone there are a lot of buy orders accumulated. Let's see. Actually we can say it is in a wide range.

On the top of the screen we can see a triple-top. I think buyers has the balls full of this price and they will surpass it violently eventually
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  • #4,427
  • Jan 20, 2020 6:11pm Jan 20, 2020 6:11pm
Quoting Kruspe
{quote} EURCHF reversal is coming very soon, I agree. I would like to see some price action confirmation as "W", or a couple of H4 bar candles with pins at least. I also keep an eye on 2017 low. Let's buy the first position now and be ready to enter the second position a bit lower for a better price USD/SEK Thanks K. {image}
It's slowly gathering steam.

Slow and steady is very bullish.

Just have to watch for now.

I have long positions of USD/SEK, EUR/CHF, EUR/GBP, EUR/NZD, USD/SGD, USD/CAD.
Patience, let the trade come to you.
  • #4,428
  • Jan 20, 2020 6:29pm Jan 20, 2020 6:29pm
Quoting MrGreen95
{quote} EURCHF W1 Actually it filled an old gap, i think it will reverse now {image}

Some say to truly fill the gap means to hit the close on Friday because this is a weekend gap which on FxChoice would be 1.0664.
Attached Image (click to enlarge)
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  • #4,429
  • Jan 20, 2020 6:33pm Jan 20, 2020 6:33pm
Quoting Poocher
{quote} Some say to truly fill the gap means to hit the close on Friday because this is a weekend gap which on FxChoice would be 1.0664. {image}
Patience.
Patience, let the trade come to you.
  • #4,430
  • Jan 20, 2020 6:35pm Jan 20, 2020 6:35pm
Quoting PokerChip
{quote} Patience.

Always Chief!
  • #4,431
  • Jan 20, 2020 7:51pm Jan 20, 2020 7:51pm
NZD/USD daily chart update.

Moving lower to the 2nd level.
Attached Image (click to enlarge)
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Patience, let the trade come to you.
  • #4,432
  • Jan 20, 2020 7:57pm Jan 20, 2020 7:57pm
Quoting PokerChip
NZD/USD daily chart update. Moving lower to the 2nd level. {image}
Nice buddy. Will drop lower soon.

Watch this area for buy reversal. 0.64900 - 0.63800. Currently strong sell.
10% buy 10% sell 80% waiting
  • #4,433
  • Jan 20, 2020 8:01pm Jan 20, 2020 8:01pm
Quoting TraderR0N
{quote} Nice buddy. Will drop lower soon.
It seems to drop at night while I'm asleep.

Just remembering the past.
Patience, let the trade come to you.
  • #4,434
  • Jan 20, 2020 8:04pm Jan 20, 2020 8:04pm
Quoting PokerChip
{quote} It seems to drop at night while I'm asleep. Just remembering the past.

LOL.. because it is Asian session for NZD.

Did you got in this trade?
10% buy 10% sell 80% waiting
  • #4,435
  • Jan 20, 2020 8:11pm Jan 20, 2020 8:11pm
Quoting TraderR0N
{quote} LOL.. because it is Asian session for NZD. Did you got in this trade?
I got in last Monday and got out the next day.

These cheap currencies scare me, I think they're highly manipulated.

I don't trust them much.

Okay goodnight, talk tomorrow.

Trade safe.
Patience, let the trade come to you.
  • #4,436
  • Jan 20, 2020 8:15pm Jan 20, 2020 8:15pm
Quoting TraderR0N
Hey guys, Some heads up for the week ahead with so many important news, speech especially EUR, CAD and JPY pairs. What I have predicted is that ‘MM’ have push most EUR pairs to the bottom and it’s time to see some bullish pullback for EUR pairs early this week and probably get dump after the ECB or if EUR data are strong. Pairs I will be watching EURAUD, EURNZD, EURUSD EURCAD, EURJPY and EURGBP. Start your engine......and make...

EURCAD EURJPY EURUSD
Looking good to buy soon.
Just waiting for the right setup to come.
Good trading are always boring because we need to wait for AAA setup.

Patience patience patience
10% buy 10% sell 80% waiting
  • #4,437
  • Jan 20, 2020 8:17pm Jan 20, 2020 8:17pm
Quoting PokerChip
{quote} I got in last Monday and got out the next day. These cheap currencies scare me, I think they're highly manipulated. I don't trust them much. Okay goodnight, talk tomorrow. Trade safe.
Okay. Me going back to sleep too.

Catch up later. Good night. Stay green.
10% buy 10% sell 80% waiting
  • #4,438
  • Jan 20, 2020 8:47pm Jan 20, 2020 8:47pm
Quoting TraderR0N
{quote} Hi Yieldplay, Thank you for your kind words and yes great from Singapore welcome to Jail Break Club. Try to use H4 or Daily to see reversal or direction and entry on H1. Better clearer vision picture. Cheers and stay green.
Thanks Ron, I'm up to 160 pages now and realise that PC has moved up in TF to 4H and Daily.
Still very much trying to absorb the material

Also, I used to trade off PA around MAs and am exploring combining the 2.
For instance At level 2 and 3, after accumulation is identified, i set alarm to be notified when it reaches MA and trade based off PA there to target the next accumulation area
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  • #4,439
  • Jan 20, 2020 9:28pm Jan 20, 2020 9:28pm
Quoting yieldplay
{quote} Thanks Ron, I'm up to 160 pages now and realise that PC has moved up in TF to 4H and Daily. Still very much trying to absorb the material Also, I used to trade off PA around MAs and am exploring combining the 2. For instance At level 2 and 3, after accumulation is identified, i set alarm to be notified when it reaches MA and trade based off PA there to target the next accumulation area {image}
Good morning Yieldplay.

Very nice and clear looking chart.
You can also use moving averages as a pullback guide.
10% buy 10% sell 80% waiting
  • #4,440
  • Jan 20, 2020 9:31pm Jan 20, 2020 9:31pm
Morning quote.

With every consecutive loss, your ability to objectively determine good opportunities in the market diminishes.
So, allow for some time to reset your mindset back to neutral before you jump into a trade again. There's always another day and opportunity.
10% buy 10% sell 80% waiting
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