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The Jail Break System

  • #6,361
  • Feb 17, 2020 7:01am Feb 17, 2020 7:01am
Quoting billytt
{quote} When I was originally fixing a bad trade, I would hunt the daily range (or part 0f it). I would make some pips then addd it on , and add it on etc. Really profitable.. I was actually looking forward to my first trade to fail.
Sound like a good idea..
10% buy 10% sell 80% waiting
  • #6,362
  • Feb 17, 2020 7:02am Feb 17, 2020 7:02am
USD/CAD daily chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadi-d1-tw-corp-u-c.png Size: 48 KB
Patience, let the trade come to you.
  • #6,363
  • Feb 17, 2020 7:04am Feb 17, 2020 7:04am
Japan is heading into recession.. not good into buying YEN.
10% buy 10% sell 80% waiting
  • #6,364
  • Feb 17, 2020 7:05am Feb 17, 2020 7:05am
Quoting TraderR0N
{quote} Sound like a good idea..
it is basically compounding,
If you have the probability of making ,, example 30 pips, if you add on every 10 made , you make 60. (forget spread for a moment).
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,365
  • Feb 17, 2020 7:07am Feb 17, 2020 7:07am
Quoting billytt
{quote} it is basically compounding, If you have the probability of making ,, example 30 pips, if you add on every 10 made , you make 60. (forget spread for a moment).
Is it for any pair or only selected ones?
10% buy 10% sell 80% waiting
  • #6,366
  • Feb 17, 2020 7:19am Feb 17, 2020 7:19am
Quoting TraderR0N
{quote} Is it for any pair or only selected ones?
I was originally doing it with E/J and now cable, but did play with Dax.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,367
  • Feb 17, 2020 7:19am Feb 17, 2020 7:19am
Quoting billytt
{quote} I was originally doing it with E/J and now cable, but did play with Dax.

as long as you have some decent daily range..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,368
  • Feb 17, 2020 7:21am Feb 17, 2020 7:21am
Quoting billytt
{quote} I was originally doing it with E/J and now cable, but did play with Dax.
Hehe let me go and check it out when I’m back home.
10% buy 10% sell 80% waiting
  • #6,369
  • Feb 17, 2020 7:26am Feb 17, 2020 7:26am
China economy will be weak for a while due to the viruses that causes the problem hence buying AUD and NZD is also risky at this point.
10% buy 10% sell 80% waiting
  • #6,370
  • Feb 17, 2020 7:30am Feb 17, 2020 7:30am
Sometimes think about it news headlines is also important for our pair directions for long term view.
10% buy 10% sell 80% waiting
  • #6,371
  • Feb 17, 2020 7:43am Feb 17, 2020 7:43am
IMHO.... EUR pairs will be strengthening soon... ‘MM’ have push to the extreme bottom for some EUR pairs especially EURCAD, EURGBP, EURJPY and EURUSD. just got to be a little patience.. it will come soon.......
10% buy 10% sell 80% waiting
  • #6,372
  • Feb 17, 2020 8:06am Feb 17, 2020 8:06am
Bought EURNZD at 1.68615. Target will be at 1.69000.

EURNZD can see sellers at 1.69000 - 1.69500 area.
I’m also waiting to get there to short back down.

That is all for today trades.
10% buy 10% sell 80% waiting
  • #6,373
  • Feb 17, 2020 8:21am Feb 17, 2020 8:21am
GBPCAD - update - GBP receive alarm again

GBP is overstretched pullback up is expected
pay attention to 1.72250 - 1.72035
Forex can only be understood backwards, but it must be traded forwards.
  • #6,374
  • Edited 8:40am Feb 17, 2020 8:26am | Edited 8:40am
Short GBPCAD hit my at 1.72300. Entry was at 1.73048.

Short GBPUSD hit my at 1.30100. Entry was at 1.30556.

Short GBPJPY hit my at 142.900. Entry was at 143.348.
10% buy 10% sell 80% waiting
  • #6,375
  • Feb 17, 2020 8:35am Feb 17, 2020 8:35am
Indicators/entries/exits that work great in one strategy don’t necessarily transfer to other strategies with the same results.

This is because a trading strategy is a closed system: changing one thing can change everything.
10% buy 10% sell 80% waiting
  • #6,376
  • Feb 17, 2020 8:59am Feb 17, 2020 8:59am
Quoting TraderR0N
Indicators/entries/exits that work great in one strategy don’t necessarily transfer to other strategies with the same results. This is because a trading strategy is a closed system: changing one thing can change everything.
agree with you; Indicators can tell only what was happened!

everything is connected fundamental question is how?
it is up to individual trader to find and see that connection.
she/he will confidently defend that believe with money.
Forex can only be understood backwards, but it must be traded forwards.
  • #6,377
  • Feb 17, 2020 9:24am Feb 17, 2020 9:24am
Quoting prozor7
{quote} agree with you; Indicators can tell only what was happened! everything is connected fundamental question is how? it is up to individual trader to find and see that connection. she/he will confidently defend that believe withmoney.
I love your saying absolutely agreed.
10% buy 10% sell 80% waiting
  • #6,378
  • Feb 17, 2020 9:27am Feb 17, 2020 9:27am
Just got back home. Going to sleep soon...

See you guys around

Good night guys.
10% buy 10% sell 80% waiting
  • #6,379
  • Feb 17, 2020 9:45am Feb 17, 2020 9:45am
GBP/USD daily chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-d1-tw-corp-g-u.png Size: 47 KB
Patience, let the trade come to you.
  • #6,380
  • Feb 17, 2020 9:57am Feb 17, 2020 9:57am
Quoting prozor7
NZDCAD NZD is overstretched pullback up expected pay attention 0.84975 possible spike to 0.84818 {image}
NZDCAD - update
if you enter - close long @ 0.85235
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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