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The Jail Break System

  • #6,941
  • Feb 25, 2020 8:57am Feb 25, 2020 8:57am
GBP/USD now has enough buyers trapped.

I look for it to fall to around 1.29350
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 48 KB
Patience, let the trade come to you.
  • #6,942
  • Feb 25, 2020 10:15am Feb 25, 2020 10:15am
Hi PokerChip.

I've taken out a short GBPUSD 1.2990

TraderRON had the level of 1.30200 as the turning point and he seems to have been spot on.

Regards, N
  • #6,943
  • Feb 25, 2020 10:26am Feb 25, 2020 10:26am
Quoting Northumbrian
Hi PokerChip. I've taken out a short GBPUSD 1.2990 TraderRON had the level of 1.30200 as the turning point and he seems to have been spot on. Regards, N
Hi Northumbrian,

Thank you for your kind words but please do not sell GBPUSD immediately let the price mingle around the level and see how price action react. Tomorrow I will see how the price before I short it. It might go higher than 1.30200 so let’s see. That is why we must always have a gauge between this and that price. Price may or may not go up higher.

1.30200 is my bench mark level.
10% buy 10% sell 80% waiting
  • #6,944
  • Feb 25, 2020 10:37am Feb 25, 2020 10:37am
Hello TraderRON.

Thank you for your advice, it is much appreciated.

I have already jumped in at 1.29990 with another sell limit at 1.30200

I like your phase 'let it mingle' It's wondering where to go next.

N
  • #6,945
  • Feb 25, 2020 10:43am Feb 25, 2020 10:43am
Quoting Northumbrian
Hello TraderRON. Thank you for your advice, it is much appreciated. I have already jumped in at 1.29990 with another sell limit at 1.30200 I like your phase 'let it mingle' It's wondering where to go next. N
Ha ha.. you are welcome.

It had almost hit my target at 1.30200 but highest is 1.30180 miss by a tiny lol..

It will come down overall trend is still bearish.. downside target will still be 1.27000 - 1.26000.

It could be the last push up before going back down.
10% buy 10% sell 80% waiting
  • #6,946
  • Feb 25, 2020 10:49am Feb 25, 2020 10:49am
I shall see you guys around..going to bed soon...no more movement now unless you scalp.. ha ha..

Good night everyone.
10% buy 10% sell 80% waiting
  • #6,947
  • Feb 25, 2020 11:06am Feb 25, 2020 11:06am
Quoting TraderR0N
I’m still holding Long EURUSD and GBPUSD.. Dollar is correcting atm.. we will see.. counter trend trading. GBPUSD has broke above 1.29820 high and now could see 1.30200 - 1.31000 area for correction where sellers should be waiting there. DXY will be pushing lower for correction should ideally reach 98.90 - 98.50 area where buyers should be waiting there to go higher. Keep a lookout.

Please watch out for Dollar strength. Buyers should be stepping in soon.
10% buy 10% sell 80% waiting
  • #6,948
  • Feb 25, 2020 11:17am Feb 25, 2020 11:17am
Quoting Northumbrian
Hi PokerChip. I've taken out a short GBPUSD 1.2990 TraderRON had the level of 1.30200 as the turning point and he seems to have been spot on. Regards, N
Good deal.

I'm in at 1.30000, I think that it will return to the top of the 2nd level box soon enough.

Right now there are 83 pips in the green daily candle.

So the buyers are there to trap.

I see just the opposite when I look at a chart.

If you want to know what's going to happen, just look to the left.

It's that simple.
Patience, let the trade come to you.
  • #6,949
  • Feb 25, 2020 11:51am Feb 25, 2020 11:51am
PokerChip, good afternoon from Houston TX.

Just wondering, is this a valid reversal and level one that I have marked on the GBPJPY H4 chart?
Or am I missing something?
Thank you,
Darryl
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H4.png Size: 88 KB
  • #6,950
  • Feb 25, 2020 2:21pm Feb 25, 2020 2:21pm
Quoting Darryl
PokerChip, good afternoon from Houston TX. Just wondering, is this a valid reversal and level one that I have marked on the GBPJPY H4 chart? Or am I missing something? Thank you, Darryl {image}
Darryl,
Good to hear from you.

I have a daily chart that shows it's currently at the first level and heading lower.

I hope this helps you.

Poker Chip
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyi-d1-tw-corp-g-j.png Size: 38 KB
Patience, let the trade come to you.
  • #6,951
  • Edited 2:44pm Feb 25, 2020 2:28pm | Edited 2:44pm
Quoting PokerChip
{quote} Darryl, Good to hear from you. I have a daily chart that shows it's currently at the first level and heading lower. I hope this helps you. Poker Chip {image}
Hi guys,

Yes, I agree with PokerChip!

Btw. this is what a smaller time frames reveal to us

K.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.JPG Size: 159 KB
  • #6,952
  • Feb 25, 2020 3:22pm Feb 25, 2020 3:22pm
Thank you PokerChip, and Kruspe too.

Have a nice evening.
  • #6,953
  • Feb 25, 2020 4:23pm Feb 25, 2020 4:23pm
Quoting Darryl
Thank you PokerChip, and Kruspe too. Have a nice evening.
You're welcome.
Patience, let the trade come to you.
  • #6,954
  • Feb 25, 2020 4:30pm Feb 25, 2020 4:30pm
USD/CAD daily chart update.

The red arrow is pointing at a fake green candle.

This is a trap candle for buyers.

Don't get caught in this trap.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadi-d1-tw-corp-u-c.png Size: 44 KB
Patience, let the trade come to you.
  • #6,955
  • Feb 25, 2020 7:14pm Feb 25, 2020 7:14pm
Quoting PokerChip
USD/CAD daily chart update. The red arrow is pointing at a fake green candle. This is a trap candle for buyers. Don't get caught in this trap. {image}
Daily formed double tops a few days ago. Hopefully the price will break through level 1.
  • #6,956
  • Feb 25, 2020 9:35pm Feb 25, 2020 9:35pm
morning all.
Cable 00-00 4 hour bar break.
Low broke and i went short, it did a retrace so i closed with 2 points.
Just waiting now to see what happens. hopefully i will short again soon.
Trade well all.

t 05-35
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,957
  • Feb 25, 2020 9:36pm Feb 25, 2020 9:36pm
Cable, i am short again, looking for 15 to start with. the 00-00 range is 17 and my adr = 94
t 05-36
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,958
  • Feb 25, 2020 10:12pm Feb 25, 2020 10:12pm
Cable, 00-00 4 hour bar, chart just copied 06-10
Attached Image

High = 13008,,, Low = 13991,,, range = 17....... my adr = 94. High is 13070 area and Low = 12920 area. will be adjusted as price moves. (it already has).

Trade well all.
t 06-12

edit, i forgot. range 17 is approx 18% of the daily range, so we have plenty to play with. t 06-15
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,959
  • Feb 25, 2020 10:22pm Feb 25, 2020 10:22pm
Cable. 00-00 4 hr bar.
Attached Image

IF it drops, we can add on at 17 point interval to use the money made, add on/counter/ invest lol.
example 1 per pip, at line 1, add a 1 , line 2 add a 1, line 3 add another 1. or do what ever you feel good with.

The same will happen if it retraces and goes up.
Develop it to suit yourself, make it your own.
t 06-22
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,960
  • Feb 25, 2020 10:29pm Feb 25, 2020 10:29pm
good morning to all
morning b
Forex can only be understood backwards, but it must be traded forwards.
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