The Jail Break System | Page 315 | Forex Factory

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The Jail Break System

  • #6,281
  • Feb 14, 2020 6:40am Feb 14, 2020 6:40am
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
Agree with you prozor7. well said.
10% buy 10% sell 80% waiting
  • #6,282
  • Feb 14, 2020 6:42am Feb 14, 2020 6:42am
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
My motorbike is a 1000cc brrrrrrrrrrrrrrrm.
I never use leverage as I just don't get it????
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,283
  • Feb 14, 2020 6:45am Feb 14, 2020 6:45am
Quoting Leacher
{quote} Nice practical application
rule No1
Keep it simple
Forex can only be understood backwards, but it must be traded forwards.
  • #6,284
  • Feb 14, 2020 6:50am Feb 14, 2020 6:50am
Quoting billytt
{quote} My motorbike is a 1000cc brrrrrrrrrrrrrrrm. I never use leverage as I just don't get it????
then you have a beast between yours legs
Forex can only be understood backwards, but it must be traded forwards.
  • #6,285
  • Feb 14, 2020 6:59am Feb 14, 2020 6:59am
Quoting prozor7
{quote} then you have a beast between yours legs
less about my gf, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,286
  • Feb 14, 2020 7:01am Feb 14, 2020 7:01am
Valentines day advice:
treat your wife as you treated her on the first date:
after dinner take her to her parents home
Forex can only be understood backwards, but it must be traded forwards.
  • #6,287
  • Feb 14, 2020 7:25am Feb 14, 2020 7:25am
Quoting prozor7
{quote} rule No1 Keep it simple
Rule no 2 - Never forget rule no 1.
10% buy 10% sell 80% waiting
  • #6,288
  • Edited 7:41am Feb 14, 2020 7:27am | Edited 7:41am
US Retail Sales up next. Could it be a bad miss then we will see DXY correction to below 98 - 97 and then push back up to 99 - 100 area or from here.

Interesting to watch.

EDIT: Seem not to bad for the retail sales.

Are we gonna see GBPUSD pushing back below 1.30000.

and will EURUSD hit 1.08

Next week will be very interesting week to trade.
’MM’ is doing the job for us pushing to extreme support and resistance level.
10% buy 10% sell 80% waiting
  • #6,289
  • Feb 14, 2020 7:44am Feb 14, 2020 7:44am
AUDCAD
CADCHF
NZDCAD
place SL on entry
Forex can only be understood backwards, but it must be traded forwards.
  • #6,290
  • Feb 14, 2020 7:45am Feb 14, 2020 7:45am
Long EURGBP. Going expected.

Short GBPUSD. Going expected.

Short GBPCAD. Going expected.

Short GBPJPY. Going expected.
10% buy 10% sell 80% waiting
  • #6,291
  • Feb 14, 2020 7:49am Feb 14, 2020 7:49am
Fryday
not sure about this buy move; sitting on my hands with for EUR
Forex can only be understood backwards, but it must be traded forwards.
  • #6,292
  • Feb 14, 2020 7:58am Feb 14, 2020 7:58am
Quoting prozor7
Fryday not sure about this buy move; sitting on my hands with for EUR
Next week all EUR pairs will be a good buy for correction. I’m ready to go long.

My watchlist for next week.

EURJPY. Watching to go buy next week.

EURUSD. Watching to buy next week.

EURCAD. Watching to buy next week.

What goes down too fast have to come up.

Have a great weekends everyone.

See you guys around.
10% buy 10% sell 80% waiting
  • #6,293
  • Feb 14, 2020 8:02am Feb 14, 2020 8:02am
EURGBP overstreched
pullback expected
Forex can only be understood backwards, but it must be traded forwards.
  • #6,294
  • Feb 14, 2020 8:03am Feb 14, 2020 8:03am
Quoting TraderR0N
{quote} Have a great weekends everyone. See you guys around.
same wishes to you
see you
Forex can only be understood backwards, but it must be traded forwards.
  • #6,295
  • Feb 14, 2020 9:09am Feb 14, 2020 9:09am
Hello everyone.

My broker will be wondering what is going on. From small consistent losses to small/medium consistent profits.

Thanks to you all for the valuable chat on this thread, particularly TraderRon and PokerChip

Have a great weekend.

N
  • #6,296
  • Feb 14, 2020 9:32am Feb 14, 2020 9:32am
A quick in and out. Good to see you all enjoying and making progress and money. The FIL is making great progress and in good hands, so leaving for that Bergamo Italy trip now. RON good to see u back leading the tribe.
Have a great weekend, coz I will!
See ya all whenever...
  • #6,297
  • Feb 14, 2020 9:41am Feb 14, 2020 9:41am
Quoting Northumbrian
Hello everyone. My broker will be wondering what is going on. From small consistent losses to small/medium consistent profits. Thanks to you all for the valuable chat on this thread, particularly TraderRon and PokerChip Have a great weekend. N
Its the same for all that come here and stay!! The consistency changes
  • #6,298
  • Feb 14, 2020 11:35am Feb 14, 2020 11:35am
Quoting prozor7
EURNZD not sure about this short 1.68711 - 1.69021 - 1.69133 {image}
EURNZD
close this short if you take it
Forex can only be understood backwards, but it must be traded forwards.
  • #6,299
  • Edited 12:18pm Feb 14, 2020 11:51am | Edited 12:18pm
Quoting pamc
{quote} Celal , yes you can but always preferable to buy at value on the retrace. However, my advice is stick to ONE position/trade per level or even better per trend, i.e. after reversal at best value until you are totally comfortable with the whole concept. MM for most is absolute.Even better, demo this at 0.01 per 1000 till you tripple account. Its an education of sorts. Practice till its second nature. Good luck
Hello pamc, I was going back and looking at this post and I was wondering if you would be willing to explain this demo idea a bit more and give an example. When you are not busy(I just now saw that you are about to go on a trip.) Good to hear the FIL is doing better. Have a good weekend.
  • #6,300
  • Feb 14, 2020 11:52am Feb 14, 2020 11:52am
Quoting prozor7
AUDCAD entering sell mode pay attention to 0.88881 - 0.88841 breaking above lines price should go down to 0.87871 {image}
AUDCAD - update
place SL below 0.88950
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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