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The Jail Break System

  • #6,221
  • Feb 13, 2020 1:26am Feb 13, 2020 1:26am
morning all especially Ron

good to see you back!

banks cant take more of your money load...hehe

very nice trade calls
Time & Price Forecast - Jenkins
  • #6,222
  • Feb 13, 2020 1:31am Feb 13, 2020 1:31am
any one with DXY / USD-INDEX chart --DOUBLE TOP Today as of this post???

care to share analysis? (I know Ron thinks it should pass 100 level---but when is the question?

its important coz today is RED news on US CPI...which could pump or dump it -- so long and short targets should be handy!

I have posted mine earlier....posting again...just correct with comments...thx
Attached Image (click to enlarge)
Click to Enlarge Name: USDINDEX.fsDaily.png Size: 33 KB
Time & Price Forecast - Jenkins
  • #6,223
  • Edited 1:52am Feb 13, 2020 1:33am | Edited 1:52am
Quoting Leacher
morning all especially Ron good to see you back! banks cant take more of your money load...hehe very nice trade calls
Good morning Leacher.

Thank you for your kind words.

Cheers and thanks.
10% buy 10% sell 80% waiting
  • #6,224
  • Edited 1:56am Feb 13, 2020 1:40am | Edited 1:56am
Quoting Leacher
any one with DXY / USD-INDEX chart care to share analysis? (I know Ron thinks it should pass 100 level---but when is the question? its important coz today is RED news on US CPI...which could pump or dump it -- so long and short targets should be handy! I have posted mine earlier....posting again...just correct with comments...thx {image}

Hi Leacher,
Nice chart.

For what I see Dollar Index will have one more last push down to 98 - 97.50 area before going rocket back up surpass 99 - 100 area or it will have a small retrace before heading back up either way. It is still very bullish picture for Dollar Index if you look at weekly chart. I could be wrong but this is what I analyse. Do you mind showing me weekly chart for Dollar Index as I’m out now..

US CPI and Retail Sales is next to watch for Dollar movement. I would still think that it is time for a correction before rally back up to 99 - 100.
10% buy 10% sell 80% waiting
  • #6,225
  • Feb 13, 2020 2:04am Feb 13, 2020 2:04am
USDJPY - Between 109.300 - 109.500 is profit taking area and should see a key bounce back up to 111 - 112 area.

I’m still holding short for this pair and 109.600.

Happy pips.
10% buy 10% sell 80% waiting
  • #6,226
  • Feb 13, 2020 2:09am Feb 13, 2020 2:09am
Quoting TraderR0N
{quote} Hi Leacher, Nice chart. For what I see Dollar Index will have one more last push down to 98 - 97.50 area before going rocket back up surpass 99 - 100 area or it will have a small retrace before heading back up either way. It is still very bullish picture for Dollar Index if you look at weekly chart. I could be wrong but this is what I analyse. Do you mind showing me weekly chart for Dollar Index as I’m out now.. US CPI and Retail Sales is next to watch for Dollar movement. I would still think that it is time for a correction before...
here you go...
if you look at the recent Start of the Bull Cycle, target should be around 103.80...
Attached Image (click to enlarge)
Click to Enlarge Name: USDINDEX.fsWeekly.png Size: 178 KB
Time & Price Forecast - Jenkins
  • #6,227
  • Feb 13, 2020 2:11am Feb 13, 2020 2:11am
Quoting Leacher
{quote} here you go... if you look at the recent Start of the Bull Cycle, target should be around 103.80... {image}

Yes Leacher smart call and thanks for the weekly chart. it is also for traders to see the bigger picture. I reckon by March or April will be hit. Weekly chart speak for itself.

If can’t see Daily chart clearly go to weekly chart to have the best view of the overall long term trend.
10% buy 10% sell 80% waiting
  • #6,228
  • Feb 13, 2020 2:23am Feb 13, 2020 2:23am
EUR pairs is still weak imo if you look at all the recent news data from EURO super weak but it’s take times for it to strengthen and recover. Time will tell.
10% buy 10% sell 80% waiting
  • #6,229
  • Feb 13, 2020 2:29am Feb 13, 2020 2:29am
Ron
care to help with a few things related to your trades

how do you start your day with charts?

1) What TF for Directional Bias? any indicators used such Trendlines? Pivots? RSI? MAs?

2) Entry TF? Criteria? Usually your entry is extremely precise?

3) Consider Fundamentals/News before choosing Pairs?

4) Money Management?should price goes against U how do you Counter, Hedge or simply cut off the trades?

thank you
Time & Price Forecast - Jenkins
  • #6,230
  • Feb 13, 2020 3:47am Feb 13, 2020 3:47am
Good morning everyone.

I have a open sell trade on USD/CAD at 1.3276

Going back to bed for awhile.

Trade safe.

Good to see Billy and Trader Ron back.
Patience, let the trade come to you.
  • #6,231
  • Feb 13, 2020 4:13am Feb 13, 2020 4:13am
Quoting PokerChip
Good morning everyone. I have a open sell trade on USD/CAD at 1.3276 Going back to bed for awhile. Trade safe. Good to see Billy and Trader Ron back.
Hi PokerC:

hope you are well and recovered from your flu

when you have time, plz have a look at a few D1 Future Charts (EurGbp, DXY, EURNZD, EURUSD, USDCAD, USDCHF) posted yesterday and Add your comments to them

regards
Time & Price Forecast - Jenkins
  • #6,232
  • Feb 13, 2020 4:45am Feb 13, 2020 4:45am
Quoting Pat Chiko
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. {image} {image}

GBP JPY


Posted this set up earlier.

This is FOMO, where Retail Traders trapped by MM, inducing them committing to short trade.

Follow the MM trail, to gain advantage.

Patient is the key.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 102.jpg Size: 361 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,233
  • Feb 13, 2020 4:55am Feb 13, 2020 4:55am
Quoting Pat Chiko
EUR GBP Completed retrace cycle. Price is now ready to move up/out from Jail #1. To close scalping short, only enter long on formation on W pattern. {image}

EUR GBP


The Market Maker Manipulators knew this was coming.
They pushed EUR down last three days and got set to clear all retailer buy order.

Still waiting for reversal confirmation pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: egbp 102.jpg Size: 238 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,234
  • Feb 13, 2020 5:27am Feb 13, 2020 5:27am
Quoting Pat Chiko
{quote} GBP USD Thank You Mr. PokerChip. Very nice entry. Since price is in the jail, I look for set up entry. This is how I find the entry within the Jail. Any comments and view are welcome for educational purposes only. Thank You Sir, Mr.PokerChip. P/S Get well soon Mr. PokerChip and don't forget to eat you medicine, soup & salad To others : please hit the subscribe & like button. Thank You {image}

GBP USD

short set up posted on H8 time frame.

Was waiting for this pullback to near break level and taking scalping position.

I don't trade break outs because of the false break out factor wich happens more often than not.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 107.jpg Size: 250 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,235
  • Edited 7:54am Feb 13, 2020 7:22am | Edited 7:54am
Quoting TraderR0N
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...
Wow market is horrible again.. Damn EUR are SUPER weak atm.. I’m having some floating losses except for USDJPY but manageable for the above trades. Period... Part of the game play.
10% buy 10% sell 80% waiting
  • #6,236
  • Feb 13, 2020 7:49am Feb 13, 2020 7:49am
Quoting Leacher
Ron care to help with a few things related to your trades how do you start your day with charts? 1) What TF for Directional Bias? any indicators used such Trendlines? Pivots? RSI? MAs? 2) Entry TF? Criteria? Usually your entry is extremely precise? 3) Consider Fundamentals/News before choosing Pairs? 4) Money Management?should price goes against U how do you Counter, Hedge or simply cut off the trades? thank you
Hi Leacher,

Let me answer your above questions.

I look at 3 timeframes at a go
( Weekly is by end of the week Daily H4 ) entries sometimes H1 and H4 purely on price action and at times yes I do draw my own support and resistance and trendline if I do not have any clearer picture like I have post a few chart setup.

To be honest fundamentals news is just an excuse to justify the moves or to trap traders and in the end still come back to the same price. I do yes and no..

I don’t choose pairs I trade what I see on my chart. Not only trading FX but also Stocks and Futures as well.
Busy trader. lol. They are some how or rather correlated.

I don’t hedge but I use multiply but that is risky by doing so unless you know how to handle it or cut losses and wait for price to return and load back.. and normally I would have 3 prices levels for buy and sell as I do not want to miss any good entries price.

Last but not least money management is individual manageable in different way.

My way of trading is quite stressful especially when I’m out I can’t control my trades properly like what happen just now all my trades was in profits but I didn’t secured it at 1 pip and now into floating losses because I’m out and I have no time to individual positions to secure it unless I have an expert advisor will be easier for me to managed it properly. Will be happy if someone has this EA to release my stress. Haha..

Hope it helps your answer.
Cheers.
10% buy 10% sell 80% waiting
  • #6,237
  • Feb 13, 2020 8:36am Feb 13, 2020 8:36am
good evening to all

some private obligations keep me away from the internet.
interesting observations, analysis and wise words have bean written
will take look and post if I find something interesting to pay attention
Forex can only be understood backwards, but it must be traded forwards.
  • #6,238
  • Feb 13, 2020 9:21am Feb 13, 2020 9:21am
For those who are still holding long EURGBP including myself have to be careful/aware with the long term major support sitting at 0.83000 resistance now turn support area.

EURGBP is testing very critical 0.83000. Brexit Vote Resistance/Now Support. It has held support for more than 3 years.

Bounce or break - 0.83000. Watch closely.
10% buy 10% sell 80% waiting
  • #6,239
  • Feb 13, 2020 10:40am Feb 13, 2020 10:40am
Hello everyone.

EURGBP - I have long at price 0.83040.
Target will be at 0.83897 area.

Good night all.
10% buy 10% sell 80% waiting
  • #6,240
  • Feb 13, 2020 1:47pm Feb 13, 2020 1:47pm
Quoting TraderR0N
Hello everyone. EURGBP - I have long at price 0.83040. Target will be at 0.83897 area. Good night all.
great entry
I would like to see 0.82699 monthly support
Attached Image


week support 0.83067
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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