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The Jail Break System

  • #6,261
  • Feb 14, 2020 5:31am Feb 14, 2020 5:31am
Quoting Leacher
{quote} beautiful trading approach....the less time in market the better...
that is what I am always saying,
If you do not trade ,you do not lose.

It is like going to work, finish your shift then go home.

Hope you are well.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,262
  • Edited 5:44am Feb 14, 2020 5:33am | Edited 5:44am
Watching these pairs for a break for more downside.


GBPUSD - 1.30000 to break for more downside to
1.29300 - 1.29500 area.
1.30000 have to defend for bulls.

GBPCAD - 1.72 to break for more downside to
1.70 area.
1.72000 have to defend for bulls.

GBPJPY - 143.000 to break for more downside to
142.000 - 141.000 area.
143.000 have to defend for bulls.

EURGBP - I would think that it has found long term support/bottom at 0.83000 to push up further north.
Daily chart. 0.83000 bulls have to defend.

These are just my guide info to remind myself when prices are near.

Cheers and thanks.
10% buy 10% sell 80% waiting
  • #6,263
  • Feb 14, 2020 5:44am Feb 14, 2020 5:44am
Quoting TraderR0N
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.

Hi Ron
most of your trade setups mentioned are Against the Dominant Trend....for this retail traders like myself needs a huge margin upto atleast a million USD, which in not there in my case….however I can see that you catch the price at bargains matching broker price and you would have the ability to hold trades till swings from intraday to few days to weeks probably...

I can only get a chunk out of the swings with the trend only!

thx for the good quotes and guidance
Time & Price Forecast - Jenkins
  • #6,264
  • Feb 14, 2020 5:48am Feb 14, 2020 5:48am
Quoting Leacher
{quote} Hi Ron most of your trade setups mentioned are Against the Dominant Trend....for this retail traders like myself needs a huge margin upto atleast a million USD, which in not there in my case….however I can see that you catch the price at bargains matching broker price and you would have the ability to hold trades till swings from intraday to few days to weeks probably... I can only get a chunk out of the swings with the trend only! thx for the good quotes and guidance

You are welcome Leacher.

It is also important to know what kind of traders you are.

Day trader, Intraday trader. Swing trader or Position trader and what is your target/pips for taking profits.
What is the risk % you are risking over per trade or fixed lot per trade. Lots of factors to consider.

Small account have its way to trade.

Big accounts have its ways to trade.

So if you’re trading with same risk per trade, big small accounts are the same only thing different is the but percentage are the same.
10% buy 10% sell 80% waiting
  • #6,265
  • Feb 14, 2020 5:53am Feb 14, 2020 5:53am
Quoting TraderR0N
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.

I was analyzing my trade account for the last 1 year and saw that most equity losses came from trading big lots and not from being wrong!
Time & Price Forecast - Jenkins
  • #6,266
  • Feb 14, 2020 5:54am Feb 14, 2020 5:54am
Quoting TraderR0N
{quote} You are welcome Leacher. It is also important to know what kind of traders you are. Day trader, Intraday trader. Swing trader or Position trader and what is your target/pips for taking profits. What is the risk % you are risking over per trade or fixed lot per trade. Lots of factors to consider.
Time & Price Forecast - Jenkins
  • #6,267
  • Feb 14, 2020 5:57am Feb 14, 2020 5:57am
NZDCAD
price overstretched pullback expected
pay attention to 0.84975
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,268
  • Feb 14, 2020 5:59am Feb 14, 2020 5:59am
Quoting Leacher
{quote} Hi Ron most of your trade setups mentioned are Against the Dominant Trend....for this retail traders like myself needs a huge margin upto atleast a million USD, which in not there in my case….however I can see that you catch the price at bargains matching broker price and you would have the ability to hold trades till swings from intraday to few days to weeks probably... I can only get a chunk out of the swings with the trend only! thx for the good quotes and guidance
Hi , I never look at trends when I trade, I believe in the fact that , I trade now,,,, not what has happened nor happening.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,269
  • Feb 14, 2020 6:00am Feb 14, 2020 6:00am
Quoting Leacher
{quote} I was analyzing my trade account for the last 1 year and saw that most equity losses came from trading big lots and not from being wrong!
Couldn’t agree more with you on this and that’s why traders failed not because they do not know how to trade but trade not according to their accounts size and trading too big of a lot size and yes leverage play apart too. I can only say one thing in trading everyone wants fast money but in the end blown the accounts. It is not about fast it is about consistency and when you have the large some of funds to trade you still have to maintain it that way too.

Big Leverage - if you do not know how to handle it with big leverages you’re playing with fire.
Simple facts.
10% buy 10% sell 80% waiting
  • #6,270
  • Feb 14, 2020 6:00am Feb 14, 2020 6:00am
Quoting prozor7
{quote} NZDJPY - update short position reload
NZDJPY exit short
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,271
  • Feb 14, 2020 6:02am Feb 14, 2020 6:02am
Quoting billytt
{quote} Hi , I never look at trends when I trade, I believe in the fact that , I trade now,,,, not what has happened nor happening.

Precise.

usually I’m over analysing D1, H4
Time & Price Forecast - Jenkins
  • #6,272
  • Feb 14, 2020 6:03am Feb 14, 2020 6:03am
Quoting TraderR0N
{quote} Couldn’t agree more with you on this and that’s why traders failed not because they do not know how to trade but trade not according to their accounts size and trading too big of a lot size and yes leverage play apart too. I can only say one thing in trading everyone wants fast money but in the end blown the accounts. It is not about fast it is about consistency and when you have the large some of funds to trade you still have to maintain it that way too.

very true
Time & Price Forecast - Jenkins
  • #6,273
  • Feb 14, 2020 6:06am Feb 14, 2020 6:06am
Quoting Leacher
{quote} very true
Never too late to change for a better trader.. I have my greed too at times and this is absolutely normal. That is why I hate to stay long on my chart because we will tend to force trades or greed.

First thing to know for me.
We Need To Protect Our Capital Funds.

Important facts.
10% buy 10% sell 80% waiting
  • #6,274
  • Feb 14, 2020 6:10am Feb 14, 2020 6:10am
Quoting TraderR0N
{quote} Never too late to change for a better trader.. I have my greed too at times and this is absolutely normal. That is why I hate to stay long on my chart because we will tend to force trades or greed. First thing to know for me. We Need To Protect Our Capital Funds.
In times like this it’s good to review.

capital is important so we have another chance to trade.

no wonder y these brokers offer huge leverage, coz they know at the end funds will come to them.
Time & Price Forecast - Jenkins
  • #6,275
  • Feb 14, 2020 6:13am Feb 14, 2020 6:13am
EUR do you see shyly beginning of sell
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 211 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #6,276
  • Feb 14, 2020 6:13am Feb 14, 2020 6:13am
Quoting Leacher
{quote} In times like this it’s good to review. capital is important so we have another chance to trade. no wonder y these brokers offer huge leverage, coz they know at the end funds will come to them.

Yes they will love you if you would like to trade with high leverages with no trading experience/ no good strategy. Blow accounts faster and topping up funds faster. lol.

But if you have a good strategy then you can consider trading with high leverages.
10% buy 10% sell 80% waiting
  • #6,277
  • Edited 7:32am Feb 14, 2020 6:24am | Edited 7:32am
Quoting Pat Chiko
{quote} 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 {image}
There should be one push higher to break previous high and after that it could be slowly ready for shorts.

K.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD PAT.png Size: 35 KB
  • #6,278
  • Feb 14, 2020 6:32am Feb 14, 2020 6:32am
Quoting TraderR0N
{quote} Yes they will love you if you would like to trade with high leverages with no trading experience/ no good strategy. Blow accounts faster and topping up funds faster. lol. But if you have a good strategy then you can consider trading with high leverages.
I think of leverage as motorcycle comparison
500 leverage = 500cc
you can drive fast or slow it is yours choice

50 leverage = 50cc
you can only drive slow

what is equal with both
50cc = 500cc
you can fell of
you can be hit by truck
Forex can only be understood backwards, but it must be traded forwards.
  • #6,279
  • Feb 14, 2020 6:36am Feb 14, 2020 6:36am
Quoting Kruspe
{quote} There should be one push higher to break previous high and after that it could slowly ready for shorts. K. {image}
agree with yours view around 1.30744 should be ideal for me
no trade for me before
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,280
  • Feb 14, 2020 6:37am Feb 14, 2020 6:37am
Quoting prozor7
{quote} I think of leverage as motorcycle comparison 500 leverage = 500cc you can drive fast or slow it is yours choice 50 leverage = 50cc you can only drive slow what is equal with both 50cc = 500cc you can fell of you can be hit by truck
Nice practical application
Time & Price Forecast - Jenkins
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