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The Jail Break System

  • #6,201
  • Feb 12, 2020 12:56pm Feb 12, 2020 12:56pm
Quoting prozor7
{quote} thx like and agree with yours analysis except for gold. wouldn't the stronger jpy run the price of gold up or buy?
Hi prozor7,

Yes no doubt you’re right on that Gold and JPY pairs but strange things happen nowadays on these 2 pairs behaving weird on price action.. but as for me I will trade what I see on my chart.. no right wrong.. or I could be wrong..both the pairs are at it peak and strong resistance area. And that’s why I would say strange. Haha.

This is how I see both pairs below price S/T and L/T.

USDJPY - It can still rally up to 111 - 112 area.

Gold - It can still see price to 1530 - 1500 last push down before rally up to 1650 - 1700.
10% buy 10% sell 80% waiting
  • #6,202
  • Feb 12, 2020 1:14pm Feb 12, 2020 1:14pm
Good night guys going to bed.

See you guys soon.

Happy trading and green pips to everyone.
10% buy 10% sell 80% waiting
  • #6,203
  • Feb 12, 2020 1:31pm Feb 12, 2020 1:31pm
Quoting TraderR0N
{quote} Hi prozor7, Yes no doubt you’re right on that Gold and JPY pairs but strange things happen nowadays on these 2 pairs behaving weird on price action.. but as for me I will trade what I see on my chart.. no right wrong.. or I could be wrong..both the pairs are at it peak and strong resistance area. And that’s why I would say strange. Haha. This is how I see both pairs below price S/T and L/T. USDJPY - It can still rally up to 111 - 112 area. Gold - It can still see price to 1530 - 1500 last push down before rally up to 1650 - 1700.
hahaha
I couldn't agree more market is strange lately good thing is that we are living in interesting time.
we will have a lots of time to prepare our trade and take all possible profit so let's play day by day.
Forex can only be understood backwards, but it must be traded forwards.
  • #6,204
  • Feb 12, 2020 3:29pm Feb 12, 2020 3:29pm
Evening prozor7,


The resistance level at USD-CAD is 1.3264
The support level is 1.3236.
Is that about right for you.


Regards Ritter3
  • #6,205
  • Feb 12, 2020 3:29pm Feb 12, 2020 3:29pm
Quoting prozor7
question for you Kruspe! can you give analysis for CADCHF
CADCHF is not on my watchlist. It's not the best pair for 3 pushes trading. However, I took a quick look and this is how is see that
Attached Image (click to enlarge)
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  • #6,206
  • Feb 12, 2020 4:25pm Feb 12, 2020 4:25pm
Quoting Ritter3
Evening prozor7, The resistance level at USD-CAD is 1.3264 The support level is 1.3236. Is that about right for you. Regards Ritter3
USDCAD
D1
price find resistance 1.33235 - 1.33334 and went down first support is 1.32756 since price didn't hold than it should go down to 1.31987 - 1.31820
Attached Image


H4
on the way down support are 1.32522 - 1.32388
if price find support on above lines than
pay attention to 1.32688 - 1.32957 these lines become resistance on the way up
Attached Image


hope this is clear
Forex can only be understood backwards, but it must be traded forwards.
  • #6,207
  • Feb 12, 2020 4:46pm Feb 12, 2020 4:46pm
Quoting Kruspe
{quote} CADCHF is not on my watchlist. It's not the best pair for 3 pushes trading. However, I took a quick look and this is how is see that {image}
not on your watch list! even better, you nailed it
you mark 0.73330 as 1st zone and 0.7400 as 2nd zone
when you drawn my lines over yours zones you will see that they match

Jail is between 0.73332 as bottom & 0.73661 as top next start @ 0.73972

D1 there are 3 resistance lines 0.73661 - 0.73780 - 0.73972 where last price is yours top doted line
so if we want to sell on D1 we will wait for price to get 0.73927 targeting down to 0.73332 - 0.73218
Attached Image


if price go down we will look for H4 support 0.73409 - 0.73299
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,208
  • Feb 12, 2020 7:39pm Feb 12, 2020 7:39pm
GBP JPY


Waiting for profitable set up require patient.

By mapping out the Jail Break set up into smaller TF will help you not freak out over loses, and FOMO.

FOMO cause you started chasing trades not understanding market conditions & set up and it will cost you.

It will slow down your trading, and make you wait for YOUR entry.

Rather than trying to get on the first one that pulls in and ending up making loss, or huge drawdown.

Once IN a trade...…. Trust your self.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,209
  • Feb 12, 2020 10:59pm Feb 12, 2020 10:59pm
Quoting TraderR0N
Too many pairs have reached the extreme area where we should be seeing some 3 levels up and down. I will be trading these pairs below. XAUUSD ( Gold ) - Good to sell. Still watching. USDJPY - Good to sell. Still watching. EURAUD - Good to buy. Still watching. EURGBP - Good to buy. Still watching. EURUSD - Good to buy. Still watching 1.08500 - 1.08000 area. AUDUSD - Good to sell. Still watching. AUDJPY - Good to sell. Still watching. GBPUSD - Good to sell. Still watching 1.30 - 1.30300 area. As mention earlier posts that Dollar Future Index will...

Good afternoon traders.

Some pairs have achieved my targets.
More to come.

Thank you.
Cheers.
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10% buy 10% sell 80% waiting
  • #6,210
  • Feb 12, 2020 11:18pm Feb 12, 2020 11:18pm
Good to take note.

Traders like to hold on to indicators they’ve used in the past, even though they can't really say how it contributes to their edge. It just feels comfortable.

My advice: remove all indicators and start with just price. Only add indicators if you can show it increases your edge.
10% buy 10% sell 80% waiting
  • #6,211
  • Feb 12, 2020 11:20pm Feb 12, 2020 11:20pm
Good to take note.

Experienced traders have a trading setup in mind and search for charts that exhibit that exact setup.

Beginning traders look at what’s happening on a chart, THEN decide to take a position and FINALLY find a reason to justify that position.


Experienced traders do three things extremely well: they reduce trading complexity, they’re exceptionally disciplined and they nail the execution.

In other words: contrary to popular belief, the best traders just keep it simple and get the basics right.
10% buy 10% sell 80% waiting
  • #6,212
  • Feb 12, 2020 11:29pm Feb 12, 2020 11:29pm
Good to take note.

Every time we have a winning trade, be humble enough to realise that the next loss is just around the corner.

Every time you have a losing trade, be pragmatic enough to realize it will turn around, even though that moment can seem far away. It’s all part of the game we play.
10% buy 10% sell 80% waiting
  • #6,213
  • Edited 2:08am Feb 13, 2020 1:12am | Edited 2:08am
Hello traders,
Back with my analysis.

Good to buy EURUSD. Counter trend.
Pullback and sell rallies.

Good to buy EURJPY. Counter trend.
Pullback and sell rallies.

Good to buy EURCAD. Counter trend.
Pullback and sell rallies.

Good to buy EURGBP. Counter trend.
Pullback and sell rallies.

Good to sell GBPJPY. Continuous trend.
Sell rallies

Good to sell GBPCAD. Counter trend.
Pullback and buy dip.

Good to sell USDJPY. Counter trend.
Pullback and buy dip.

Good to sell AUDUSD. Continuous trend.
Sell rallies.

Good to sell USDCHF. Counter trend.
Pullback and buy dip.

Good to buy Oil. Counter trend.
Pullback and sell rallies. I’m not trading.


I’m in for all the above trades except Oil.
Good luck and pile the green pips together.

Please take note: I have my way of managing my own risk/ trades for STOPS and TAKE PROFITS. .
Capital funds/ Leverage plays apart too in trading.
I do have my losses too but I do know how to recover back and with profits too and that’s also important in trading for recovery trades.
It’s normal to have losing trades and it is not normal not to have any losing trades. A good strategy must always including losing trades as well.

Do yours today
Be Patience with holding trades.


Cheers and thanks.
10% buy 10% sell 80% waiting
  • #6,214
  • Feb 13, 2020 1:55am Feb 13, 2020 1:55am
Hi all, from a wet new Forest Uk.
Hope everyone is ok and gathering points.

I have spent most of the week fixing a bad trade or two, lol which wasn't my fault.
But that is now history.
Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,215
  • Feb 13, 2020 1:56am Feb 13, 2020 1:56am
Quoting TraderR0N
Good to take note. Experienced traders have a trading setup in mind and search for charts that exhibit that exact setup. Beginning traders look at what’s happening on a chart, THEN decide to take a position and FINALLY find a reason to justify that position. Experienced traders do three things extremely well: they reduce trading complexity, they’re exceptionally disciplined and they nail the execution. In other words: contrary to popular belief, the best traders just keep it simple and get the basics right.
Excellent Post Ron.

KEEP IT SIMPLE.................. KEEP YOUR DISCIPLINE............
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,216
  • Feb 13, 2020 1:59am Feb 13, 2020 1:59am
Quoting billytt
Hi all, from a wet new Forest Uk. Hope everyone is ok and gathering points. I have spent most of the week fixing a bad trade or two, lol which wasn't my fault. But that is now history. Trade well all.
Good morning mate.

Market is behaving weird as I can say. lol.
10% buy 10% sell 80% waiting
  • #6,217
  • Feb 13, 2020 2:00am Feb 13, 2020 2:00am
Quoting billytt
{quote} Excellent Post Ron. KEEP IT SIMPLE.................. KEEP YOUR DISCIPLINE............

Well said.

KISS System. lol..
Keep It Simple Strategy.
10% buy 10% sell 80% waiting
  • #6,218
  • Feb 13, 2020 2:30am Feb 13, 2020 2:30am
Quoting billytt
Hi all, from a wet new Forest Uk. Hope everyone is ok and gathering points. I have spent most of the week fixing a bad trade or two, lol which wasn't my fault. But that is now history. Trade well all.
whose fault was it billy?
trading is simple but is simple is not easy.
  • #6,219
  • Feb 13, 2020 2:38am Feb 13, 2020 2:38am
Quoting TraderR0N
{quote} Good morning mate. Market is behaving weird as I can say. lol.
Morning Ron, hope all is well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,220
  • Feb 13, 2020 2:43am Feb 13, 2020 2:43am
Quoting ZenNy
{quote} whose fault was it billy?
Hi Z, hope all is well.
Long story.
I let a colleague trade Dax for himself and I supplied the margin money. and it was /is safe.
But he decided to trade Cable without telling me, AND HE USED A STOP. that was the bad part, so we had a retrace and retrace and retrace and he basically got smashed so I have spent all week fixing the loss.

The same day I traded cable but my counters worked out ok.
Anyway that is now history. it wasn't actually any persons fault, its just that he used a stop.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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