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The Jail Break System

  • #6,321
  • Feb 16, 2020 9:37pm Feb 16, 2020 9:37pm
Quoting Pat Chiko
AUD USD Scalping a bit Jailbreak reversal {image}

AUD USD


Quotable:

"Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead.


Trading a flat market can be tricky... trading with a trend may be easier.

I wish the price followed the Jail Break rules exactly.

But the price knows nothing about Jail Break rules.

As long as you can get the Jail #R identified, you should be able to count the next few and possibly recognise a reversal.

Being in this trade makes me more awair of the market and to get in a long at the right spot can be rewarding.


Attached Image (click to enlarge)
Click to Enlarge Name: au 101.jpg Size: 269 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,322
  • Feb 16, 2020 9:47pm Feb 16, 2020 9:47pm
What Why & When (WWW) to trade for Week February 17, 2020

Euro weakness was the theme for last week trading.

Stalled economy, US tariff on EU's aviation industry, global impact of Covid-19 outbreak are some of the headwinds for the common economy.

We start the trading week with the now usual Covid-19 weekend figures in China.

All eyes will focus on PBoC's LPR on Thursday and a cut is expected to soften the impact of economic slowdown and encourages activities.

Washington Day holiday in US will see a quieter session after lunch in London.

Volume is expected to pick up on Tuesday with RBA minutes and German's ZEW in the calendar.

Asian Market will focus on SG's Budget for fiscal stimulus as the republic is facing slowdown due to Covid-19.

USD is expected to trade Neutral as DXY hit its resistance level.

FOMC Minute is due early Thursday morning and Market will also look at the PMIs figure release on Friday.

It does not look promising for EURO. Technically, a bounce is expected but if the PMIs on Friday continued showing weak figures, an extension lower is in the horizon.

JPY remains offered against AUD and CAD after the current correction completed.

PBoC's LPR could be the catalyst for that move as crude oil and indices are showing Bullish Impulsive structures.

In UK, investors are analysing the coming PM Johnson's budget due on February 24.

AU's employment data will set the mood for AUD.

A bounce in crude oil as market waits for OPEC's early March meeting supports CADJPY bid setup.

NZD is facing various headwinds as the economy of its major trading partners are slowing down. Australia, China and a European Union are 3 of NZ's main export market.

CHF could be supported as USDCHF hit resistance level and EURCHF continues to slide lower.


Sound like a plan.....lol !

Anyway, that is just my newbie view. Don't have to believe it …….
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,323
  • Feb 16, 2020 10:15pm Feb 16, 2020 10:15pm
USD JPY

Newbie scalping
Attached Image (click to enlarge)
Click to Enlarge Name: uj 105.jpg Size: 310 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,324
  • Feb 17, 2020 1:20am Feb 17, 2020 1:20am
Morning all from a windy wet forest in the UK.

For the time being I am only trading Cable.
Cable 00-00 4 hour bar. High = 13051...………..Low = 13041.... so range = 11. adr = a low 75.

the high has broken but I have not traded it , it actually failed and the low broke.
This would not of mattered if I had traded it, I would of made a counter/trade.

Hope fully I will add a chart later.
Trade well all.
t 07-20 UK.

edit. at 07-23 I am short looking for 10.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,325
  • Feb 17, 2020 1:46am Feb 17, 2020 1:46am
good morning to all,

great analysis for week ahead with charts from Pat

Ron is ready for EUR "collect them all"

billytt will "swing on cable"

I will look for EURCAD @ 1.43431 charts later
Forex can only be understood backwards, but it must be traded forwards.
  • #6,326
  • Feb 17, 2020 2:03am Feb 17, 2020 2:03am
Quoting prozor7
good morning to all, great analysis for week ahead with charts from Pat Ron is ready for EUR "collect them all" billytt will "swing on cable" I will look for EURCAD @ 1.43431 charts later
Hi P, hope you are well. i have closed my cable short for +10.
Will trade the 08-00 15 minute bar break with a bit lot.
Trade well.
t 08-03
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,327
  • Feb 17, 2020 2:06am Feb 17, 2020 2:06am
Cable, i will add chart now before fun starts, it was copied approx 07-56 UK time.
Attached Image

above, we have the Cable 00-00 4 hour candle. High =13051.... Low = 13040, range is 11.
A = adr of 75 range, the placement of it right now does not mean anything yet.
T = trigger.........



edit... below. we now add lines
Attached Image


oops, we have 2 lines, one above high and one below low, they are 11 pips away. i was looking for 10 and get them
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,328
  • Feb 17, 2020 2:14am Feb 17, 2020 2:14am
Quoting prozor7
EURCAD potential long 1.43431 - 1.43215 {image}
EURCAD - update

miss this long train by 11 points
pay attention to 1.43702 - 1.43730 - 1.43878
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,329
  • Feb 17, 2020 2:14am Feb 17, 2020 2:14am
Cable, Daily chart, so you can see better.
i now add my adr range line A showing where low can be at this time.

Attached Image



or below, showing where high might go B. chart copied at approx 08-09.
Attached Image


as price moves this adr line will be adjusted.
t 08-14
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,330
  • Feb 17, 2020 2:25am Feb 17, 2020 2:25am
GBPUSD
D1 resistance 1.30744 - 1.31320
Attached Image


H4 support 1.30437
if price find support @ 1.30437 than I will looking for shorts on H4 @ 1.31108 - 1.31320
- in case that price go up Day range (93 pips for today) ends with 1.31222
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,331
  • Feb 17, 2020 2:32am Feb 17, 2020 2:32am
GBPNZD
NZD is overstretched pullback expected
pay attention to 2.03189 as potential short
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,332
  • Feb 17, 2020 5:12am Feb 17, 2020 5:12am
GBPCAD
GBP is overstretched pullback expected
pay attention to 1.72250 - 1.72035
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,333
  • Feb 17, 2020 5:14am Feb 17, 2020 5:14am
Quoting TraderR0N
Good afternoon traders. Below are my current market orders positions and pending limits orders positions. I will remove all images afterwards. Happy fishing. {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Good day Ron, hope all is well.
that is impressive trading.
I have executed 2 trades today on Cable. a short off the low break 00-00 4 hr bar. and a long off the 08-00 high break.
With the 08-00 trade I had to use magic, lol.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,334
  • Feb 17, 2020 5:17am Feb 17, 2020 5:17am
Quoting billytt
{quote} Good day Ron, hope all is well. that is impressive trading. I have executed 2 trades today on Cable. a short off the low break 00-00 4 hr bar. and a long off the 08-00 high break. With the 08-00 trade I had to use magic, lol. Trade well.
Good day Billy.

Nice on your Cable trade. Hehe.. lol
10% buy 10% sell 80% waiting
  • #6,335
  • Feb 17, 2020 5:26am Feb 17, 2020 5:26am
EURCAD - update
long 1.43424 - 1.431174
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,336
  • Feb 17, 2020 5:34am Feb 17, 2020 5:34am
Quoting TraderR0N
Good afternoon traders. Below are my current market orders positions and pending limits orders positions. I will remove all images afterwards. Happy fishing.
Hi R0N ,may I ask you what's your MM strategy? Why you opening 5 positions same at same time?
Whether you think you can, or you think you can't,you're right. H.F.
  • #6,337
  • Feb 17, 2020 5:58am Feb 17, 2020 5:58am
CADJPY
potential short from 83.166 - 83.255 - 83.484
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #6,338
  • Feb 17, 2020 5:59am Feb 17, 2020 5:59am
Quoting Simply-Me
{quote} Hi R0N ,may I ask you what's your MM strategy? Why you opening 5 positions same at same time?
Hi Simply-Me,

As for my MM strategy, I’m only targeting at 40 pips per position to get 200 pips for 5 positions rather then targeting at 200 pips per position. It’s just scaling.

Cheers.
10% buy 10% sell 80% waiting
  • #6,339
  • Feb 17, 2020 6:00am Feb 17, 2020 6:00am
Quoting prozor7
CADJPY potential short from 83.166 - 83.255 - 83.484 {image} {image}
Hi prozor7,

You are short and I’m long on this trade..
10% buy 10% sell 80% waiting
  • #6,340
  • Feb 17, 2020 6:00am Feb 17, 2020 6:00am
Quoting TraderR0N
{quote} Hi Simply-Me, As for my MM strategy, I’m only targeting at 40 pips per positions to get 200 pips for 5 positions rather then targeting at 200 pips per position. It’s just scaling. Cheers.
EASY, yaaaaaaaaaaaaaaaaaaaaaaay, lol
I do something similar...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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