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The Jail Break System

  • #6,421
  • Feb 18, 2020 5:03am Feb 18, 2020 5:03am
Quoting TraderR0N
I have just entered long for GBPUSD at 1.30300. Target will be at 1.30800. Dollar Index will be doing some correction back down before going up the next leg to 99 - 100 area.
it has room to do it Ron, I may of been more conservative with a goal of 13060.. just saying lol


edit, I trade lines so wouldn't be trading it, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,422
  • Feb 18, 2020 5:07am Feb 18, 2020 5:07am
Quoting TraderR0N
{quote} I have set my pending sell limit orders at 1.69500 area for a short back down for EURNZD. Let’s see if it gets there. Cheers.
ideally will be that price hit 1.69556 - 1.69855
watching H4 support @ 1.69261
Forex can only be understood backwards, but it must be traded forwards.
  • #6,423
  • Feb 18, 2020 5:09am Feb 18, 2020 5:09am
Quoting billytt
{quote} it has room to do it Ron, I may of been more conservative with a goal of 13060.. just saying lol edit, I trade lines so wouldn't be trading it, lol
lol middle for me 1.3070
I'm waiting for 1.30744
Forex can only be understood backwards, but it must be traded forwards.
  • #6,424
  • Feb 18, 2020 5:37am Feb 18, 2020 5:37am
Quoting billytt
{quote} it has room to do it Ron, I may of been more conservative with a goal of 13060.. just saying lol edit, I trade lines so wouldn't be trading it, lol
GBPUSD

Yes buddy.. 1.30600 is the key to watch if break will be more up side to come at 1.31.. short term...but as long as price still below 1.31800 it’s still a short trade for me and I’m also expecting to drop to 1.27 - 1.26.
USD will soar high. That will be my plan. Haha..

Hard resistance at 1.31000. Will it drop from there?


Trade well.
10% buy 10% sell 80% waiting
  • #6,425
  • Edited 6:08am Feb 18, 2020 5:44am | Edited 6:08am
My short AUDCAD and NZDCAD going as expected but my long CADJPY is still having floating losses so it’s not CAD strong but rather YEN is strong and AUD NZD are weak at the moment for short term because S&P500 is doing it correction back down..

When S&P500 is trending down then you would see all YEN pairs are strong same goes to the opposite way. Important to know what and where to trade the call.

So to say it’s also important to know how to trade cross pairs and correlate with stocks especially YEN pairs and GOLD.

Take note: S&P500/Dow Jones is strongly correlated with YEN pairs and GOLD.

Edit: Now S&P500 and Dow Jones have drop nearly by 1% as a correction that is why you are seeing YEN are strong atm and soon will be moving back up and you will then see YEN getting weak/hammered.
10% buy 10% sell 80% waiting
  • #6,426
  • Feb 18, 2020 6:09am Feb 18, 2020 6:09am
EUR where we are now
pay attention to Support / Resistance lines
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 204 KB


EURCAD ready to buy
rest have room to go down
Forex can only be understood backwards, but it must be traded forwards.
  • #6,427
  • Feb 18, 2020 6:10am Feb 18, 2020 6:10am
Quoting prozor7
EUR where we are now pay attention to Support / Resistance lines {image} EURCAD ready to buy rest have room to go down
Nice to know. thanks for your chart especially when I’m out.. so I can take a peep.. lol
10% buy 10% sell 80% waiting
  • #6,428
  • Feb 18, 2020 6:17am Feb 18, 2020 6:17am
Quoting TraderR0N
{quote} Nice to know. thanks for your chart especially when I’m out.. so I can take a peep.. lol
JPY - take a peep
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.png Size: 183 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #6,429
  • Feb 18, 2020 6:24am Feb 18, 2020 6:24am
Quoting prozor7
{quote} JPY - take a peep {image}
Thanks prozor7. I have already know where to place my second and last levels of my prices to counter it back for my YEN pairs. Losses but manageable.
10% buy 10% sell 80% waiting
  • #6,430
  • Feb 18, 2020 6:34am Feb 18, 2020 6:34am
EURGBP - buy building @ 0.82950 - 0.82699
Forex can only be understood backwards, but it must be traded forwards.
  • #6,431
  • Feb 18, 2020 6:34am Feb 18, 2020 6:34am
Quoting TraderR0N
{quote} Good morning everyone. I have place some EUR pairs buy limit below for the week ahead. 2 Sets of Price Limit Orders. 1) Buy Limit for EURAUD at 1.60850. Target at 1.61200. 2) Buy Limit for EURAUD at 1.60050. Target at 1.60850. 1) Buy limit for EURCAD at 1.43390. Target at 1.42800. 2) Buy Limit for EURCAD at 1.42840. Target at 1.43390. 1) Buy limit for EURGBP at 0.82870. Target at 0.83200. 2! Buy Limit for EURGBP at 0.82380. Target at 0.82870....
My first buy EURGBP activated soon at 0.82870.
First level.

My second buy EURGBP will be at 0.82380.
Second level.



Finally it has broke the 3 years support at 0.83000. Period.. bleeding for GBP and EUR.
10% buy 10% sell 80% waiting
  • #6,432
  • Feb 18, 2020 6:49am Feb 18, 2020 6:49am
i have my laptop working again, so i can post chart.
below we have the 00-00 4 hour candle with a 15 range.
Attached Image


if we place the thick line which is the 70 daily range at lowest low we can see where it might go up.
Attached Image


or if we place the daily range candle at highest high we can see where the low might go.
Attached Image


the next candle which is not showing was showing it going down but it didnt, it reveresed.
so we keep adjusting that black line daily range, to help us out.

This is what happened, yaaaaaaaaay
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,433
  • Feb 18, 2020 6:55am Feb 18, 2020 6:55am
Quoting billytt
i have my laptop working again, so i can post chart. below we have the 00-00 4 hour candle with a 15 range. {image} if we place the thick line which is the 70 daily range at lowest low we can see where it might go up. {image} or if we place the daily range candle at highest high we can see where the low might go. {image} the next candle which is not showing was showing it going down but it didnt, it reveresed. so we keep adjusting that black line daily range, to help us out. This is what happened, yaaaaaaaaay{image}
That would of been a perfect FIX for a failed trADE.
LIKE I SAID, I DID NOT TRADE IT.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,434
  • Feb 18, 2020 7:03am Feb 18, 2020 7:03am
NZD/CAD daily chart update.

Good morning everyone from the cold and cloudy Midwest.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcadi-d1-tw-corp-n-c.png Size: 47 KB
Patience, let the trade come to you.
  • #6,435
  • Feb 18, 2020 7:11am Feb 18, 2020 7:11am
Quoting prozor7
AUDCAD pay attention to 0.88785 as support line if hold I would like to see 0.90224 if can't hold down to 0.88413 - 0.88281 where I will go long Edit: 6H to news
AUDCAD
14 pips to fulfill day range and hit my pending long
long @ 0.88413 - 0.88281
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,436
  • Feb 18, 2020 7:23am Feb 18, 2020 7:23am
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.
  • #6,437
  • Feb 18, 2020 7:42am Feb 18, 2020 7:42am
Quoting TraderR0N
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.
Watching pair for a short trade.
10% buy 10% sell 80% waiting
  • #6,438
  • Feb 18, 2020 7:43am Feb 18, 2020 7:43am
Good morning Pokerchip.
10% buy 10% sell 80% waiting
  • #6,439
  • Feb 18, 2020 7:49am Feb 18, 2020 7:49am
Quoting PokerChip
NZD/CAD daily chart update. Good morning everyone from the cold and cloudy Midwest. {image}
Hi P, hope all is well.
we have wind and rain here, what's new lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,440
  • Feb 18, 2020 7:58am Feb 18, 2020 7:58am
Quoting prozor7
{quote} AUDCHF - update place SL 0.65455
AUDCHF - update
close @ 0.65693
Forex can only be understood backwards, but it must be traded forwards.
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