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The Jail Break System

  • #4,821
  • Jan 24, 2020 5:59am Jan 24, 2020 5:59am
Quoting billytt
Quoting Leacher
{quote} Hi TraderRon: your presence here is highly valued. superb analysis. could you give a little more understanding on the Money Management process that you follow for your trades? As far as my experience, Trade Setups/Signals/Triggers are the easy part and widely available free/paid all over the internet, but what is missing is MANAGING TRADES in our favor and fighting the MM. letssay, you have a 10K Hi, these sorts of trading styles cannot be taught as we have different individuals. i could never ever hold a negative
...
Well explain mate.
10% buy 10% sell 80% waiting
  • #4,822
  • Jan 24, 2020 6:08am Jan 24, 2020 6:08am
AUD NZD

Waiting for reversal set up
Attached Image(s) (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,823
  • Jan 24, 2020 6:16am Jan 24, 2020 6:16am
Quoting prozor7
EURGBP update to quote TraderRon signature "10% buy 10% sell 80% waiting" LOD 0.84106 one more push from GBP "Christmas wish is near" {image} {image}
Lol, that's funny.…..

Good morning everyone.

Happy Lunar New Year to Trader Ron and all that celebrate.
Patience, let the trade come to you.
  • #4,824
  • Jan 24, 2020 6:18am Jan 24, 2020 6:18am
Quoting TraderR0N
Hey guys, IMHO Analysing for EURUSD, GBPUSD and USDJPY before going to bed. EURUSD - Can still see downside risk to price 1.10200 - 1.09800 area before buyers waiting there for reversal. GBPUSD - As long as price still stays above 1.31000, chances of going higher to 1.32000 is high. If breaks below 1.31000 then can see further drop to 1.30000 area. Hopefully there will be no false break so watch 1.31000 key level. I’m still holding short for this pair and target at 1.30900. Interesting pair to watch atm. USDJPY - Key level to watch 109.500 - 109.300...

GU:
what a TRAP
Red News: POSITIVE
Collected Orders and Dumped
Retailers would still be buying as D1 shows a Breakout from Triangle to the upside

Macroview from PokerChip, TraderRon and others much appreciated
Time & Price Forecast - Jenkins
  • #4,825
  • Jan 24, 2020 6:21am Jan 24, 2020 6:21am
Quoting Leacher
{quote} Hi TraderRon: your presence here is highly valued. superb analysis. could you give a little more understanding on the Money Management process that you follow for your trades? As far as my experience, Trade Setups/Signals/Triggers are the easy part and widely available free/paid all over the internet, but what is missing is MANAGING TRADES in our favor and fighting the MM. letssay, you have a 10K account and have a valid signal, what max lots would you through in the market, how much risk would you take and how long are you willing to carry...

Hi Leacher,

Let me answer your question.

First of all. We are individual managing trades with different emotion, capital funds etc.... how I manage my losses for my short USDCAD currently I had my floating losses and I’m not closing it because I have 2 set of price for doing recovery but that is risky to do so unless you know what you are doing otherwise will occur more losses or at times I will also cut early losses like what I did back in November 2019 when I had my short GBPCAD stuck for few hundreds pips losses and I did a recover back at 2 standard lot when I know when to short it back again.
I have been trading fixed 1 standard lot rather then compounded lots for years but that’s my style with no stress base on my accounts...

Regarding about 10k size account, again you have to decide yourself as for me I would still prefer to trade fixed lot size but also depending on your trading leverage as well. Lot of factors to consider.

Regarding managing Stoploss , no stoploss or equity losses every much depending on each and every trader risk appetite and approach.

Hope it helps you.
10% buy 10% sell 80% waiting
  • #4,826
  • Jan 24, 2020 6:21am Jan 24, 2020 6:21am
SP500

Anyone analyzing it?
Do we have a Double Top?
R is in?

looks like Topping in the making?
Time & Price Forecast - Jenkins
  • #4,827
  • Jan 24, 2020 6:24am Jan 24, 2020 6:24am
Quoting pamc
Hi all! Did ya all catch GU at the top. Massive stop clusters hit there in the spike. ride it all the way down UJ at level 1 on 1hr up
I caught the breakouts. nice pleasant day
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,828
  • Jan 24, 2020 6:27am Jan 24, 2020 6:27am
Quoting TraderR0N
{quote} Hi Leacher, Let me answer your question. First of all. We are individual managing trades with different emotion, capital funds etc.... how I manage my losses for my short USDCAD currently I had my floating losses and I’m not closing it because I have 2 set of price for doing recovery but that is risky to do so unless you know what you are doing otherwise will occur more losses or at times I will also cut early losses like what I did back in November 2019 when I had my short GBPCAD stuck for few hundreds pips losses and I did a recover back...
Thanks. plz keep sharing your money management experience from time to time.
Time & Price Forecast - Jenkins
  • #4,829
  • Edited 6:44am Jan 24, 2020 6:31am | Edited 6:44am
Quoting Leacher
{quote}{quote} well, cutting out cancer cells (-ve trades which donot work) always have a positive impact as other opportunities can be cashed. But the downside is that we miss on the big run while holding for several days. NZDUSD has a 4H Bearish Pin. Topside has R on D1 and now on level 1 Jail setup with T1-6550 and T2-6530. Lot size used: 1/3rd. will add as it comes to my favor. lets see. P.S: Cant post a chart as a new member.
Hi Leacher,

Again there a few factors why you are not closing it.

Probably you are trading too big lot size base on your account and your leverage plays a part too and that is why you can’t close the exiting trades to look for other trades setups.

Do you mind telling me what is your account size and lot size you’re trading so that I can advice you.
10% buy 10% sell 80% waiting
  • #4,830
  • Jan 24, 2020 6:34am Jan 24, 2020 6:34am
Quoting PokerChip
{quote} Lol, that's funny.….. Good morning everyone. Happy Lunar New Year to Trader Ron and all that celebrate.
Good morning.

Thank you PokerChip for the wishes.
10% buy 10% sell 80% waiting
  • #4,831
  • Jan 24, 2020 6:37am Jan 24, 2020 6:37am
GBP/USD daily chart update.

The " MM " used the news to run a stop hunt.

Here's where I think the 2nd level will rest at.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-d1-tw-corp-gbp-usd-daily-chart-2.png Size: 45 KB
Patience, let the trade come to you.
  • #4,832
  • Jan 24, 2020 6:37am Jan 24, 2020 6:37am
Quoting TraderR0N
{quote} Good morning. Thank you PokerChip for the wishes.

And Happy CNY from me here. Enjoy and keep well.
  • #4,833
  • Jan 24, 2020 6:40am Jan 24, 2020 6:40am
Quoting pamc
{quote} And Happy CNY from me here. Enjoy and keep well.
Thank you buddy for the wishes..
10% buy 10% sell 80% waiting
  • #4,834
  • Jan 24, 2020 6:43am Jan 24, 2020 6:43am
I am short on GBP usd, i think 1.2980 is a good target, don't you?
  • #4,835
  • Jan 24, 2020 6:43am Jan 24, 2020 6:43am
Thank you all for the wishes.
Really appreciate.
10% buy 10% sell 80% waiting
  • #4,836
  • Jan 24, 2020 6:43am Jan 24, 2020 6:43am
Quoting TraderR0N
{quote} Hi Leacher, Again there a few factors why you are not closing it. Probably you are trading too big lot size base on your account and your leverage plays a part too and that is why you can’t close the exiting trades to look for other trades setups. Do you mind telling me what is your account size and lot size you’re trading?

you are right. when the lot size gets big enough, I get paralyzed and not close it.

5k account at a time, with Lots upto 5. Have been getting 100% returns every few months but then gets hit with Margin Calls.

As I get a signal, I start slow with 0.3, then keep on adding if it goes against me.
Time & Price Forecast - Jenkins
  • #4,837
  • Jan 24, 2020 6:47am Jan 24, 2020 6:47am
Quoting Emma30
I am short on GBP usd, i think 1.2980 is a good target, don't you?
I think it will go a little deeper.

I'm thinking 1.2960, which is at the very bottom of the blue box.

Remember the " MM " needs buyers, so if he doesn't get enough buyers it could stall out and just sit there.

We shall see.
Patience, let the trade come to you.
  • #4,838
  • Jan 24, 2020 6:50am Jan 24, 2020 6:50am
Hi pamc,
İf the direction is up, after breaking up side of the box the pair retraces (above the box), can we enter buy order(with H1 or H4 chart) ? ıs it risky?
Attached Image (click to enlarge)
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  • #4,839
  • Jan 24, 2020 6:56am Jan 24, 2020 6:56am
Quoting PokerChip
GBP/USD daily chart update. The " MM " used the news to run a stop hunt. Here's where I think the 2nd level will rest at. {image}
stoploss clusters on GU Happy hunting
1) 1.29420-1.29450
2)1.29200-1.28700
3)1.28250-1.27900
  • #4,840
  • Jan 24, 2020 6:56am Jan 24, 2020 6:56am
USD/CAD 4 hour update.

I just made a buy entry at 1.3140

I'll close the trade at the top of the blue box.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadi-h4-tw-corp-usd-cad-4-hour-chart.png Size: 44 KB
Patience, let the trade come to you.
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