The Jail Break System | Page 334 | Forex Factory

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The Jail Break System

  • #6,661
  • Feb 21, 2020 12:03am Feb 21, 2020 12:03am
Quoting billytt
{quote} Hi again, my adr = 78, worked out by myself lol. i remember years ago, my lil girl used to calculate my adr for me. 78 & 91 for cable, isn't much at all.
agree, ADR principle is the same cutting the noise. catching 40 pips is good for me where I need to sign
Forex can only be understood backwards, but it must be traded forwards.
  • #6,662
  • Feb 21, 2020 12:09am Feb 21, 2020 12:09am
Quoting prozor7
NZDCAD watching 83.753 - 83.591 as support lines {image}
NZDCAD - update
TP reach now waiting to see how they will play on 0.83591 - 0.83972
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,663
  • Feb 21, 2020 12:26am Feb 21, 2020 12:26am
Quoting prozor7
AUDUSD fighting for 0.66260 break could lead to down to 0.65712 - 0.65442 pay attention to 0.66077 - 0.66048 {image}
AUDUSD - update
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,664
  • Feb 21, 2020 12:31am Feb 21, 2020 12:31am
I spoke about compounding/adding on earlier.

Don't forget, it is Friday <<<<< any sort of big trades shouldnt really happen on a Friday. <<< it was an example.

Also, if lots of news is being released..
OK you might be lucky and get the trade, but it is usually the minnows who jump up and down wettting them selves when this happens.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,665
  • Feb 21, 2020 12:33am Feb 21, 2020 12:33am
Cable, that + 16 has just been hit. lets add a point to it.

example. we start at 1 per pip, now we add another 1 to it, so it is now 2 per pip. WITH A 14 STOP.
t 08-33

edit. i say 1, 1 can be a micro amount, £1 $1 ,,, £2 ,, $20 etc.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,666
  • Feb 21, 2020 12:33am Feb 21, 2020 12:33am
EURAUD
EUR is overstretched (buy)
pay attention to 1.63942
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,667
  • Feb 21, 2020 12:34am Feb 21, 2020 12:34am
Forgot to say, i closed my Long for +10, i also had my main trade go in before, 08-00 15 minute bar break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,668
  • Feb 21, 2020 12:37am Feb 21, 2020 12:37am
Cable, 00-00 break, chase the daily range, But it is harder on the first break
Attached Image

example,, we had 1 per pip, now we add 1, so it is now 2 per pip, with a 14 stop


edit, hopefully it will reach 12927, then we do it again.

i am making it look easier than it is, just remember Friday & news.
t 08-38
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,669
  • Feb 21, 2020 12:38am Feb 21, 2020 12:38am
Quoting prozor7
NZDUSD interesting to watch from 0.63212 - 0.62606 nice support lines on MN W1 & D1 {image}
NZDUSD - update
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,670
  • Feb 21, 2020 1:04am Feb 21, 2020 1:04am
at time of posting,
with our trade example of adding on/compounding, we would be making 16 +7 and the add on of +7 (7 extra).

we can close , we can keep going. AND YES IT CAN RETRACE DOWN.
t 09-04
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,671
  • Feb 21, 2020 1:12am Feb 21, 2020 1:12am
Quoting TraderR0N
GBPUSD is climbing up from my levels at 1.28500. Target will be at 1.29100. Hopefully can see some correction coming for my short USDJPY at price 112.000. Target will be at 111.500.
Good afternoon traders.

Long GBPUSD and Short USDJPY have hit my .
Finally..

Long GBPCAD, Short AUDJPY, CADJPY and EURJPY have hit my
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10% buy 10% sell 80% waiting
  • #6,672
  • Feb 21, 2020 1:15am Feb 21, 2020 1:15am
Quoting TraderR0N
{quote} Good afternoon traders. Long GBPUSD and Short USDJPY have hit my . Finally.. Long GBPCAD, Short AUDJPY, CADJPY and EURJPY have hit my {image} {image} {image} {image} {image}
Nice trades Ron and hi from UK.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,673
  • Feb 21, 2020 1:16am Feb 21, 2020 1:16am
Quoting TraderR0N
YEN pairs are dropping like a stone now. Watch. As mention correction is coming for YEN pairs. Love it... haha procrastination drop or don’t drop. Comon I’m waiting for you at the bottom so that I can short CADJPY too. 2020 markets will be like having lots of roller coaster taking us for a spin. Ups and down we go.. period.
Here as mention. Really patience and wait for it to come
for the above images.
10% buy 10% sell 80% waiting
  • #6,674
  • Feb 21, 2020 1:17am Feb 21, 2020 1:17am
Quoting billytt
at time of posting, with our trade example of adding on/compounding, we would be making 16 +7 and the add on of +7 (7 extra). we can close , we can keep going. AND YES IT CAN RETRACE DOWN. t 09-04

This is also a type of advanced grid trading of which i have been told. Just in case your alarm bells are ringing. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,675
  • Feb 21, 2020 1:18am Feb 21, 2020 1:18am
Quoting billytt
{quote} Nice trades Ron and hi from UK.
Good morning to you.
Thank you Billy.
10% buy 10% sell 80% waiting
  • #6,676
  • Feb 21, 2020 1:32am Feb 21, 2020 1:32am
See you guys around.

Closing shop and done for the week... Still have some current trades running and will not enter anymore trades today. TGIF

Happy weekends to everyone and a profitable week.
10% buy 10% sell 80% waiting
  • #6,677
  • Feb 21, 2020 1:38am Feb 21, 2020 1:38am
Quoting TraderR0N
See you guys around. Closing shop and done for the week... Still have some current trades running and will not enter anymore trades today. TGIF Happy weekends to everyone and a profitable week.
you too have a good weekend Ron, i am all done too. but will be hanging around....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,678
  • Feb 21, 2020 1:46am Feb 21, 2020 1:46am
Dax adding on/compounding

I DID NOT TRADE THIS.
a good example of adding on/compounding
the low broke, and we could of added on at +47 (13618) and another at 13571...
and then we have X, it retraced (a stop would of saved you).
Attached Image



In my opinion the 47 was a big range, but i am trying to show you how to make £££££ $$$$$$$$

edit, i forgot to add chart duh!!!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,679
  • Feb 21, 2020 1:52am Feb 21, 2020 1:52am
Cable, adding on/compounding.
Attached Image

the high just passed the 2nd line X1, that is another 16.
we can now add another point to our 1+1, so it is now 1+1+1 =3 ,(3 points per pip, put a stop on to help.
i personally would not be adding more.
t 09-52

edit , so instead of making +32, we are now making 48. t 09-55
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,680
  • Feb 21, 2020 1:56am Feb 21, 2020 1:56am
As I mention that I will long again for EURCAD when it’s retrace. Hit my too.

Awesome week for me.
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10% buy 10% sell 80% waiting
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