The Jail Break System | Page 325 | Forex Factory

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The Jail Break System

  • #6,481
  • Feb 19, 2020 3:22am Feb 19, 2020 3:22am
My Cable short will be closed with either 20 or 15.
t 09-22
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,482
  • Feb 19, 2020 3:25am Feb 19, 2020 3:25am
Quoting billytt
My Cable short will be closed with either 20 or 15. t 09-22


i closed for 15 as i posted above.
38 points were made of the adr. we still have another potential 40 points. but i have enough.
71 adr is nothing for cable, but it will blow, when ever,<<<<<<< no idea when lol
t 09-25
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,483
  • Feb 19, 2020 3:33am Feb 19, 2020 3:33am
Cable, would you believe it, lol.
it retraced back up.
Now you know why i only take part.
t 09-033
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,484
  • Feb 19, 2020 3:35am Feb 19, 2020 3:35am
Quoting prozor7
GBPCAD CAD is overstretched (buy) pullback expected pay attention to 1.71866 - 1.71646
place SL @ 1.71866
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,485
  • Feb 19, 2020 3:36am Feb 19, 2020 3:36am
adjusted adr at 09-34
Attached Image


put black line 71 adr to lowest low, the high area of adr is now 13040 area.
t 09-36
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,486
  • Feb 19, 2020 3:48am Feb 19, 2020 3:48am
Quoting Northumbrian
Hello TraderRON Just want to say thank you for all the advice you have given me on this open thread over the past few weeks. Just now I have profited with a NZDCAD sell/TP and have just opened up a long in EURCAD. You and PokerChip are awesome. Regards, N (Oops - Just forgot USDJPY long TP earlier as well)

Hi Northumbrian,

Thank you for your kind words. I appreciate that.
10% buy 10% sell 80% waiting
  • #6,487
  • Feb 19, 2020 3:50am Feb 19, 2020 3:50am
Hello guys.

Below are my results.

I have another set of long AUDJPY hitting soon

Will remove afterwards.

Cheers and enjoy your day.
Attached Image(s) (click to enlarge)
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10% buy 10% sell 80% waiting
  • #6,488
  • Feb 19, 2020 3:56am Feb 19, 2020 3:56am
Quoting TraderR0N
Hello guys. Below are my results. I have another set of long AUDJPY hitting soon Will remove afterwards. Cheers and enjoy your day. {image} {image} {image}
Morning Ron, hope you are well.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,489
  • Feb 19, 2020 3:59am Feb 19, 2020 3:59am
Correlation alarm
when you see post like this:
***Symbol is overstretched (buy)
that means in correlations between 8 symbols one is arrive to the limit of buying that means it is time to exit yours long and enter short
for example today:
GBPCAD
"CAD is overstretched (buy) pullback expected pay attention to 1.71866 - 1.71646"
time to exit short GBPCAD and enter long GBPCAD on above lines

CADJPY
"JPY is overstretched (sell) pullback expected pay attention to 83.255 - 83.484"
time to exit long CADJPY and enter short CADJPY on above lines
SL if you using them is on last price

PS Correlation alarm it is still in testing phase and so far it is working very good.
Forex can only be understood backwards, but it must be traded forwards.
  • #6,490
  • Feb 19, 2020 4:05am Feb 19, 2020 4:05am
Quoting prozor7
CADJPY JPY is overstretched (sell) pullback expected pay attention to 83.255 - 83.484
CADJPY
testing 83.255 as support if hold possible more up to 83.484
pay attention to 83.166 83.112 as final support for this up move
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,491
  • Feb 19, 2020 4:13am Feb 19, 2020 4:13am
Hi Billy:

your logical to the point trades continues to impress me as you trade off to a very strict RISK MGMT i.e. cut off losers in 4 hours or less.

we all get same chances with our trades but you continue to show no greed in holding trades for a stretch.

just for learning, may I ask for Sequence for your GBP trades today like:

sell cable: 1.2990 TP: 1.2978 - hit
buy cable: 1.3005 TP: 1.3020 - hit
buy cable: 1.3015 TP: 1.3030 - Not hit - Stop at 1.3010
sell cable: 1.3010 TP: 1.2090 - Double -waiting

thank you
leacher
Time & Price Forecast - Jenkins
  • #6,492
  • Feb 19, 2020 4:21am Feb 19, 2020 4:21am
Quoting TraderR0N
Hello guys. Below are my results. I have another set of long AUDJPY hitting soon Will remove afterwards. Cheers and enjoy your day. {image} {image} {image}

hi Ron:

thanks for posting up your trades. I was in CADJPY and USDJPY long as well - against most of the available analysis

1) for self learning, may I know how many SETS of TRADES would you take at the max/pair?

2) and would you wait for 2nd set of trades to come into profit before launching another set? like in case of EUR/GBP, from your earlier posting, I could see 2-3 sets of trades taken?

3) I have seen that for short trades you would consider the daily bar to break low in order to launch set 1 for your trades? is this part of your strategy or co-incidence?

thank you
leacher
BTW: I have stopped believing in "what will happen" and started to trade "NOW" only as you say you take trades based on what you see.
Time & Price Forecast - Jenkins
  • #6,493
  • Feb 19, 2020 4:41am Feb 19, 2020 4:41am
Quoting billytt
{quote} Morning Ron, hope you are well. Trade well.
Good morning Billy.
10% buy 10% sell 80% waiting
  • #6,494
  • Feb 19, 2020 4:48am Feb 19, 2020 4:48am
Quoting Leacher
Hi Billy: your logical to the point trades continues to impress me as you trade off to a very strict RISK MGMT i.e. cut off losers in 4 hours or less. we all get same chances with our trades but you continue to show no greed in holding trades for a stretch. just for learning, may I ask for Sequence for your GBP trades today like: sell cable: 1.2990 TP: 1.2978 - hit buy cable: 1.3005 TP: 1.3020 - hit buy cable: 1.3015 TP: 1.3030 - Not hit - Stop at 1.3010 sell cable: 1.3010 TP: 1.2090 - Double -waiting thank you leacher
Hi L, ask questions and i will gladly answer.
Attached Image

FIRST.... IT ISN'T ALWAYS THIS EASY, i did have a fail though which i recovered.

i have my 00-00 4 hour range, i trade the break hi/lo and constantly watch the average daily range.

because we are still morning here in UK i can play chase the daily range.
i used to only ever do this following my main trade Fail.
AND I ALWAYS TRADE FOR A PERCENTAGE,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,495
  • Edited 5:26am Feb 19, 2020 4:49am | Edited 5:26am
Long EURJPY hit my

Will remove afterwards.
Attached Image(s) (click to enlarge)
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10% buy 10% sell 80% waiting
  • #6,496
  • Feb 19, 2020 4:51am Feb 19, 2020 4:51am
Quoting Leacher
{quote} hi Ron: thanks for posting up your trades. I was in CADJPY and USDJPY long as well - against most of the available analysis 1) for self learning, may I know how many SETS of TRADES would you take at the max/pair? 2) and would you wait for 2nd set of trades to come into profit before launching another set? like in case of EUR/GBP, from your earlier posting, I could see 2-3 sets of trades taken? 3) I have seen that for short trades you would consider the daily bar to break low in order to launch set 1 for your trades? is this part...
[/highlight]


AWESOME WORDS.......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,497
  • Feb 19, 2020 4:55am Feb 19, 2020 4:55am
[quote=TraderR0N;12757580]{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. 1) Buy Limit for EURJPY at 118.803. Target at 119.200.

Here EURJPY.
10% buy 10% sell 80% waiting
  • #6,498
  • Feb 19, 2020 4:59am Feb 19, 2020 4:59am
Quoting billytt
{quote} Hi L, ask questions and i will gladly answer. {image} FIRST.... IT ISN'T ALWAYS THIS EASY, i did have a fail though which i recovered. i have my 00-00 4 hour range, i trade the break hi/lo and constantly watch the average daily range. because we are still morning here in UK i can play chase the daily range. i used to only ever do this following my main trade Fail. AND I ALWAYS TRADE FOR A PERCENTAGE,
Many thx Billy for the explanation via pic. certainly needs a lot of attention and action like a Hawk!

so the range is usually derived from 4H bars (last 3-6) and then trade off from 15M charts? I see the biggest benefit as strict Risk Management - which is CORE.
Time & Price Forecast - Jenkins
  • #6,499
  • Feb 19, 2020 5:14am Feb 19, 2020 5:14am
Quoting Leacher
{quote} Many thx Billy for the explanation via pic. certainly needs a lot of attention and action like a Hawk! so the range is usually derived from 4H bars (last 3-6) and then trade off from 15M charts? I see the biggest benefit as strict Risk Management - which is CORE.
i used the hour chart to help see.

Normally, i use 4 hour bar, from 00-00 until 04-00 UK Time.
Attached Image


What ever breaks first Hi/Lo i trade it, forget about trend etc, we move with the big boys.
Sometimes a 00 can be off putting.
Today we had a range of 8, this was rather small , If i had failed once/twice i would be hunting again tomorrow,
I have Frequency Distribution Stats on my side. yaaaaaaaaaaaaaay.

These stats are not averages, plain fact.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,500
  • Feb 19, 2020 5:23am Feb 19, 2020 5:23am
Quoting TraderR0N
Sold NZDCAD at price 0.85050. Target will be at 0.84600.
Short NZDCAD hit earlier.

Will remove afterwards.
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10% buy 10% sell 80% waiting
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