The Jail Break System

Quoting prozor7

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GBPNZD NZD is overstretched pullback expected pay attention to 2.03189 as potential short {image}

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Quoting TraderR0N

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{quote} 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.

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Quoting Simply-Me

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{quote} Ok thanks for answer and how you dealing with loosing position? SL or do you hedge?

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Quoting TraderR0N

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{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...

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Quoting prozor7

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EURCAD - update long 1.43424 - 1.431174 {image}

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Quoting prozor7

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{quote} EURCAD - update price having problem penetrating 1.43459 possible more down to 1.43174 pay attention to 1.43335 as day support {image}

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Quoting TraderR0N

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{quote} EUR are still weak atm but it will surprise me if it gets strong lol and it will happen soon this week. EURUSD will soon bounce for correction this week as mention as Dollar will also be dropping back down from 99.15 area for correction too.. and EURCAD, EURJPY will be going up too. I will see EURUSD EURJPY climbing back up slowly for correction. Will see... Going back to bed.

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Quoting Pat Chiko

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{quote} EUR CAD Every now and then a super-volatile day will come along and that we will be able to ride the wave to the max. With this assumption, and actually ; Volatility plus ability to ride winners equals profits. This is how I scalp the market. Finding the right Jail to break with confirmed reversal pattern. A surfer needs to ride the surf. No surf, no ride...…...…. {image}

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Quoting prozor7

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good morning to all

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Quoting Pat Chiko

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USD JPY The foundation of most multi-timeframe systems(triple screen) is for your smallest timeframe to be in sync with the bigger. I think we all understand the basic premise of triple screen trading {image} I think there's a lot to be said for multi-time frame systems quite effectively, in essence all it is doing is stacking the odds in your favour. {image} Common Points All Of Reversal Patterns: A) The first signal of an impending trend reversal is often the breaking of an important trendline. B) The larger the pattern, the greater the subsequent...

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