The Jail Break System | Page 313 | Forex Factory

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The Jail Break System

  • #6,241
  • Feb 14, 2020 1:19am Feb 14, 2020 1:19am
good morning to all
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,242
  • Feb 14, 2020 2:21am Feb 14, 2020 2:21am
EUR
potential buy:
EURCAD - 1.43431 - 1.43215
EURCHF - 1.05998 - 1.05648
EURGBP - 0.83067 - 0.82699

other 4 have 100 pips or more to go
Attached Image (click to enlarge)
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Forex can only be understood backwards, but it must be traded forwards.
  • #6,243
  • Feb 14, 2020 2:27am Feb 14, 2020 2:27am
Quoting prozor7
EUR potential buy: EURCAD - 1.43431 - 1.43215 EURCHF - 1.05998 - 1.05648 EURGBP - 0.83067 - 0.82699 other 4 have 100 pips or more to go {image}
eurchf is okay for the take ...I lost faith in EU ..
"The market doesn't care about you, stop hoping it will." Dirk
  • #6,244
  • Edited 5:22am Feb 14, 2020 2:36am | Edited 5:22am
Quoting TraderR0N
{quote} 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...

hi Ron

thanks a lot for taking time out to reply, usually very personal trading approach.

just wanted to see what areas I need to improve upon.

EG, it has already taken me out. I would now be careful in trading against the Trend and catching Tops and Bottoms - Hit me bad.
Time & Price Forecast - Jenkins
  • #6,245
  • Feb 14, 2020 2:36am Feb 14, 2020 2:36am
Quoting prozor7
good morning to all {image}

Hi P - where you got my pic...maybe someone posted looking at my EG position...
Time & Price Forecast - Jenkins
  • #6,246
  • Feb 14, 2020 3:43am Feb 14, 2020 3:43am
Quoting Leacher
{quote} Hi P - where you got my pic...maybe someone posted looking at my EG position...
EURGBP
GBP is overstretched
pay attention to 0.83244 - 0.83366 price having difficulties penetrating
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,247
  • Feb 14, 2020 3:46am Feb 14, 2020 3:46am
Sorry I am late, I spent a couple of hours opening my Valentine cards, yaaaaaaaaaaaaaaaaaaaaay not , yeah right.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,248
  • Feb 14, 2020 3:48am Feb 14, 2020 3:48am
I am now trading alone again,
Cable 08-0015 minute bar break. the low broke and I took +5%.
00-00 4 hour break.. small lot. The High broke and I was looking for 20 but it retraced and I got 9.
the low broke for 20 and I got out.
my day is ended.
Trade well all.
t 09-49 uk time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,249
  • Feb 14, 2020 3:53am Feb 14, 2020 3:53am
CADJPY
I would like to see 83.255 - 83.411 as potential short
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Forex can only be understood backwards, but it must be traded forwards.
  • #6,250
  • Feb 14, 2020 4:02am Feb 14, 2020 4:02am
CADCHF
CHF is overstretched
pullback expected pay attention to 0.74116
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,251
  • Feb 14, 2020 4:38am Feb 14, 2020 4:38am
AUDCAD
entering sell mode
pay attention to 0.88881 - 0.88841
breaking above lines price should go down to 0.87871
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,252
  • Feb 14, 2020 5:05am Feb 14, 2020 5:05am
Good day traders.

Long EURGBP - Profits.

Short GBPUSD - Profits.

Short GBPCAD - Profits.

Short GBPJPY - Profits.

Short AUDUSD - Profits.

Long EURUSD - Losses. Manageable.

Long EURCAD - Losses. Manageable.

Long EURJPY - Losses. Manageable.

Short USDJPY - Profits.

Short USDCAD - Profits.

Short USDCHF - Losses. Manageable.

This game is all about WAITING.

Cheers.
10% buy 10% sell 80% waiting
  • #6,253
  • Feb 14, 2020 5:10am Feb 14, 2020 5:10am
EURNZD
not sure about this short 1.68711 - 1.69021 - 1.69133
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,254
  • Feb 14, 2020 5:13am Feb 14, 2020 5:13am
I would still think that EURUSD still on its way down to visit 1.08 area before finding buyers there for pushing back up. We will see. Either bounce now or bounce at 1.08.


I do have my pending buy limit @ 1.08000.
10% buy 10% sell 80% waiting
  • #6,255
  • Feb 14, 2020 5:14am Feb 14, 2020 5:14am
Quoting prozor7
{quote} 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 {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 {image} hope this is clear
USDCAD - update
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Forex can only be understood backwards, but it must be traded forwards.
  • #6,256
  • Feb 14, 2020 5:15am Feb 14, 2020 5:15am
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...

Here EURUSD. Mention at earlier post.
10% buy 10% sell 80% waiting
  • #6,257
  • Feb 14, 2020 5:20am Feb 14, 2020 5:20am
The FX market is just too WACKY.

Got to trade safe.. more risks are coming into the market making it harder to trade each day. Remember to trade small according to your accounts size and when got to get out pls get out or cut early losses. Market doesn’t care about our losses.

Good luck.
10% buy 10% sell 80% waiting
  • #6,258
  • Feb 14, 2020 5:23am Feb 14, 2020 5:23am
Quoting Pat Chiko
{quote} 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. {image}

GBP USD


This is my Newbie view.

Set up with intermediate bull couldn't break 1.30696 will try attempt for break next ( need to watch this SL).

Im looking at price trying to break 1.29889 . Today we got fakeout to the upside, and then false down and again false up.

We have to wait what GBP/USD game today within Jail #1
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,259
  • Feb 14, 2020 5:24am Feb 14, 2020 5:24am
Quoting billytt
I am now trading alone again, Cable 08-0015 minute bar break. the low broke and I took +5%. 00-00 4 hour break.. small lot. The High broke and I was looking for 20 but it retraced and I got 9. the low broke for 20 and I got out. my day is ended. Trade well all. t 09-49 uk time.
beautiful trading approach....the less time in market the better...
Time & Price Forecast - Jenkins
  • #6,260
  • Feb 14, 2020 5:29am Feb 14, 2020 5:29am
EURCAD
potential long 1.43431 - 1.43215
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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