The Jail Break System | Page 233 | Forex Factory

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The Jail Break System

  • #4,641
  • Jan 22, 2020 11:12am Jan 22, 2020 11:12am
Quoting Pipradar
NZD Still holding short 3 entry's from 6605, patience required ha ha, need a close below 6580 to get some commitment further south me thinks lets see.
Erm Erm, took my profits L.O.L. Reason = PRICE IS AROUND 87% ADR, it could fire lower, but I am verrrrrry happy with my bag of swag, Time to watch the Dance. Ha ha. Had my best ever trading week of my 8 year journey, and today has been a great trading result, You guys are wonderful to be around, Respect to you, and, this Old Dog is smiling, still learning!! I look forward to contributing here a bit further down the line. Green pips to you all.
  • #4,642
  • Jan 22, 2020 11:30am Jan 22, 2020 11:30am
Quoting Pipradar
{quote} Erm Erm, took my profits L.O.L. Reason = PRICE IS AROUND 87% ADR, it could fire lower, but I am verrrrrry happy with my bag of swag, Time to watch the Dance. Ha ha. Had my best ever trading week of my 8 year journey, and today has been a great trading result, You guys are wonderful to be around, Respect to you, and, this Old Dog is smiling, still learning!! I look forward to contributing here a bit further down the line. Green pips to you all.
I'm happy for you.

Patience and discipline is everything in trading.
Patience, let the trade come to you.
  • #4,643
  • Jan 22, 2020 11:31am Jan 22, 2020 11:31am
Quoting Pipradar
{quote} Erm Erm, took my profits L.O.L. Reason = PRICE IS AROUND 87% ADR, it could fire lower, but I am verrrrrry happy with my bag of swag, Time to watch the Dance. Ha ha. Had my best ever trading week of my 8 year journey, and today has been a great trading result, You guys are wonderful to be around, Respect to you, and, this Old Dog is smiling, still learning!! I look forward to contributing here a bit further down the line. Green pips to you all.
Here is something to consider. Instead of taking profits when you think there is still a chance it can move in your favor, simply move your stop loss (if it makes sense to do so) about 10 or 15 pips away from the current price or just under the low of the previous candle. That way, you increase your chances of making more pips if the price continues to move in your favor. If you get stopped out, at least you still walk away with something. But keep in mind that this strategy only makes sense if you are already far into the trade and have gained a decent number of pips. It wouldn't be practical for scalping.

By the way, congratulations on your winnings.
Learn from your mistakes and march on.
  • #4,644
  • Jan 22, 2020 11:34am Jan 22, 2020 11:34am
USD/CAD daily chart.

The pair has moved way up.

A drop should be coming.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadi-h4-tw-corp-usd-cad-daily-chart.png Size: 43 KB
Patience, let the trade come to you.
  • #4,645
  • Jan 22, 2020 11:48am Jan 22, 2020 11:48am
Quoting PokerChip
USD/CAD daily chart. The pair has moved way up. A drop should be coming. {image}
I agree! By at least 50% of the current Daily candle.
Learn from your mistakes and march on.
  • #4,646
  • Jan 22, 2020 12:10pm Jan 22, 2020 12:10pm
Thank you guy's for the kind words and comments.
  • #4,647
  • Jan 22, 2020 12:34pm Jan 22, 2020 12:34pm
this post is for self-building confident
I was in the zone today

start day with this statement:
"I love what I do, especially now (writing and analyzing in this great blog) so I'm really well"

than continue with some nice analyze
EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPCHF, GBPJPY, NZDUSD, USDCAD, USDJPY

hope that you have fun as I did, you learn something and it brings some money for you

if you have suggestion how to improve what I posts, or post are not clear enough please let me know.
thx and "see" you tomorrow

good night all
Forex can only be understood backwards, but it must be traded forwards.
  • #4,648
  • Jan 22, 2020 12:37pm Jan 22, 2020 12:37pm
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 6 KB

on the way up i got in from the range below
  • #4,649
  • Jan 22, 2020 1:07pm Jan 22, 2020 1:07pm
Quoting prozor7
this post is for self-building confident I was in the zone today start day with this statement: "I love what I do, especially now (writing and analyzing in this great blog) so I'm really well" than continue with some nice analyze EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPCHF, GBPJPY, NZDUSD, USDCAD, USDJPY hope that you have fun as I did, you learn something and it brings some money for you if you have suggestion how to improve what I posts, or post are not clear enough please let me know. thx and "see" you tomorrow good night all
Good night Prozor7.

You have found a home here.

Keep up the good work.

We all learn from each other.
Patience, let the trade come to you.
  • #4,650
  • Jan 22, 2020 1:08pm Jan 22, 2020 1:08pm
Quoting ingo3344
{image} on the way up i got in from the range below
That will build confidence.

Nice trade.
Patience, let the trade come to you.
  • #4,651
  • Jan 22, 2020 1:22pm Jan 22, 2020 1:22pm
Good to remember.

Trading is about repetition. Trading the same trade setups (patterns) over and over whether you get stopped out or not. Money/risk management is the key.

Good night all.

See you guys soon!!!
10% buy 10% sell 80% waiting
  • #4,652
  • Jan 22, 2020 1:26pm Jan 22, 2020 1:26pm
Quoting TraderR0N
Good to remember. Trading is about repetition. Trading the same trade setups (patterns) over and over whether you get stopped out or not. Money/risk management is the key. Good night all. See you guys soon!!!
Good night Trader Ron.
Patience, let the trade come to you.
  • #4,653
  • Jan 22, 2020 1:34pm Jan 22, 2020 1:34pm
AUD USD


Price in at Jail # 1

"W" Reversal formation.

There is a very strong positive reversal forming in the Daily and H1 at a level in the range that is significant.

With major impact news coming in 5 hours.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au 105.jpg Size: 320 KB
Click to Enlarge Name: au 106.jpg Size: 228 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,654
  • Jan 22, 2020 1:46pm Jan 22, 2020 1:46pm
Quoting Pat Chiko
AUD USD Price in at Jail # 1 "W" Reversal formation. There is a very strong positive reversal forming in the Daily and H1 at a level in the range that is significant. With major impact news coming in 5 hours. {image} {image}
Pat,
Excellent charts.

I like that back ground too.
Patience, let the trade come to you.
  • #4,655
  • Jan 22, 2020 3:03pm Jan 22, 2020 3:03pm
Poker chip and all other members,

Love this thread!

Churchkey
  • #4,656
  • Jan 22, 2020 3:08pm Jan 22, 2020 3:08pm
Quoting PokerChip
USD/CAD daily chart. The pair has moved way up. A drop should be coming. {image}
I just closed my buy as well.. let's wait how L2 will look like
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_CAD_Hourly_snapshot2.png Size: 70 KB
  • #4,657
  • Jan 22, 2020 3:18pm Jan 22, 2020 3:18pm
Quoting TraderR0N
{quote} Nice mate..you got it right.. now having some floating losses.. lol
I'm pretty sure that you will recover this trade soon
  • #4,658
  • Jan 22, 2020 3:34pm Jan 22, 2020 3:34pm
Quoting Churchkey
Poker chip and all other members, Love this thread! Churchkey
On behalf of everyone here, thank you.

This thread doesn't work without all the traders that make it happen everyday.
Patience, let the trade come to you.
  • #4,659
  • Edited 4:17pm Jan 22, 2020 4:03pm | Edited 4:17pm
Quoting Kruspe
{quote} Is finally time to move up? {image}
EURGBP

Shall we?

Btw. upside down BARF is forming here as well
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_Hourly_snapshot4.png Size: 76 KB
  • #4,660
  • Jan 22, 2020 4:14pm Jan 22, 2020 4:14pm
Quoting Kruspe
{quote} EURGBP Shall we? Btw. upside down BARF is forming here as well {image}
This is the hardest pair to trade.

I call it the psycho pair.

I've come to the conclusion that the very best way to trade it.

Is to hedge it, that's the only way that I can win.

This pair rarely corporates.

It's been in and out of the 1st level box for 23 days.

If it move up from here it completes a " W " on the daily chart.

But who knows what it will do.

The fuel should be there to push it up by now.

I'm in this trade and I'm down.
Patience, let the trade come to you.
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