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The Jail Break System

  • #6,981
  • Feb 26, 2020 3:40am Feb 26, 2020 3:40am
Quoting billytt
{quote} Hi Ron, hope you are well. Trading here good.
Thanks bud. You Too trade well and safe.
10% buy 10% sell 80% waiting
  • #6,982
  • Feb 26, 2020 3:43am Feb 26, 2020 3:43am
I’m stuck with my short EURAUD, EURNZD and GBPAUD but is ok manageable and also added more shorts to it.

We can’t always have good entry all the time due to market conditions and can’t win them all. That is why we need to have money management discipline and also making sure we have enough margin to cover the next losing trade.
10% buy 10% sell 80% waiting
  • #6,983
  • Feb 26, 2020 3:47am Feb 26, 2020 3:47am
Im on the right road? Eur/Gbp double bottom.. and going up
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200226-104149_MetaTrader 4.jpg Size: 671 KB
Time is your friend; impulse is your enemy! - John Bogle
  • #6,984
  • Feb 26, 2020 3:49am Feb 26, 2020 3:49am
Quoting Viki84
Im on the right road? Eur/Gbp double bottom.. and going up {image}
Yes you’re on the right track and I’m also long EURGBP and target 0.84400.
10% buy 10% sell 80% waiting
  • #6,985
  • Feb 26, 2020 3:53am Feb 26, 2020 3:53am
Right, i was playing with the DEMO JUST TO SHOW YOU.
i would never play on DEMO myself as the reality is not the same as live.

We are going to pretend we want 45 pips at 1 per pip. (1 can be anything/amount)
so at 1 until +15, add 1 for the next 15, add another 1 for the next.
So instead of making the 45, because of adding on/compounding we make 45 + 45 =90 hopefully.
This is what happened below.
Attached Image (click to enlarge)
Click to Enlarge Name: E.PNG Size: 9 KB


break it down. the first trade made + 38 of the 45
second trade made + 22 of the 30
third trade made + 7 of the 15.
i closed all DEMO early because i was actually doing it live
It can fail, but if we have retrace we still close for a profit, and we play the daily range.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,986
  • Feb 26, 2020 3:54am Feb 26, 2020 3:54am
Quoting billytt
Right, i was playing with the DEMO JUST TO SHOW YOU. i would never play on DEMO myself as the reality is not the same as live. We are going to pretend we want 45 pips at 1 per pip. (1 can be anything/amount) so at 1 until +15, add 1 for the next 15, add another 1 for the next. So instead of making the 45, because of adding on/compounding we make 45 + 45 =90 hopefully. This is what happened below. {image} break it down. the first trade made + 38 of the 45 second trade made + 22 of the 30 third trade made + 7 of the 15. i closed all DEMO early because...

Nice bud.
10% buy 10% sell 80% waiting
  • #6,987
  • Feb 26, 2020 3:55am Feb 26, 2020 3:55am
And of course Gbp/Chf.... double top?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200226-105222_MetaTrader 4.jpg Size: 695 KB
Time is your friend; impulse is your enemy! - John Bogle
  • #6,988
  • Feb 26, 2020 4:00am Feb 26, 2020 4:00am
Highlight on EURGBP.

EURGBP broke up my weekly resistance turn support at price 0.83810 and don’t look good for GBP.

Long way up is coming for EURGBP and GBPUSD will get slap down to 1.27 - 1.26 area.
10% buy 10% sell 80% waiting
  • #6,989
  • Feb 26, 2020 4:02am Feb 26, 2020 4:02am
Quoting TraderR0N
{quote} Nice bud.
Hi Ron, thanks. like i said i am just showing adding on and the joys of compounding using Demo, but that is all.lol
i cannot show my actual live charts...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,990
  • Feb 26, 2020 4:03am Feb 26, 2020 4:03am
Quoting TraderR0N
Highlight on EURGBP. EURGBP broke up my weekly resistance turn support at price 0.83810 and don’t look good for GBP. Long way up is coming for EURGBP and GBPUSD will get slap down to 1.27 - 1.26 area.
EURGBP
3 resistance lines to break,
I expect pullback to 0.84000
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,991
  • Feb 26, 2020 4:04am Feb 26, 2020 4:04am
Quoting billytt
{quote} Hi Ron, thanks. like i said i am just showing adding on and the joys of compounding using Demo, but that is all.lol i cannot show my actual live charts...
Understand you bud.
10% buy 10% sell 80% waiting
  • #6,992
  • Feb 26, 2020 4:05am Feb 26, 2020 4:05am
Quoting Viki84
And of course Gbp/Chf.... double top? {image}
great,
if I'm in your shoes I will place SL @ 1.26563 right below entry in case of spikes
it is last week of the month

Edit:
same for EURGBP
Forex can only be understood backwards, but it must be traded forwards.
  • #6,993
  • Feb 26, 2020 4:06am Feb 26, 2020 4:06am
Quoting prozor7
{quote} EURGBP 3 resistance lines to break, I expect pullback to 0.84000 {image}
Yes would like to see a pullback first before going up higher and it must break 0.84100 in order for the bulls to stay bullish and in control.
10% buy 10% sell 80% waiting
  • #6,994
  • Feb 26, 2020 4:07am Feb 26, 2020 4:07am
Cable. adr + Average Daily Range.
today my adr = 94
a few minutes ago we had this below.
Attached Image

we played for a part of it.and the low is/was 12920 area
But if it suddenly retraces back up , we put black line A to lowest low and this makes the high area of adr 13030 area
Attached Image


94 is still low for cable, it could well explode and add another 100/150 on. but we are trading NOW.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,995
  • Feb 26, 2020 4:08am Feb 26, 2020 4:08am
Quoting prozor7
{quote} great, if I'm in your shoes I will place SL @ 1.26563 right below entry in case of spikes it is last week of the month Edit: same for EURGBP
Copy that!! I moved my stop loss to break even! Thank you!!
Time is your friend; impulse is your enemy! - John Bogle
  • #6,996
  • Feb 26, 2020 4:09am Feb 26, 2020 4:09am
Quoting Viki84
{quote} Copy that!! I moved my stop loss to break even! Thank you!!
Yes locked it at 1 pip when in profits like every 20 - 30 pips. That is what I will do.
10% buy 10% sell 80% waiting
  • #6,997
  • Feb 26, 2020 4:11am Feb 26, 2020 4:11am
Quoting TraderR0N
{quote} Yes locked it at 1 pip when in profits like every 20 - 30 pips. That is what I will do.
Ok! Thank you! I will do that!
Time is your friend; impulse is your enemy! - John Bogle
  • #6,998
  • Feb 26, 2020 4:11am Feb 26, 2020 4:11am
EURAUD
on the way to 1.65246 - 1.65184
for price to continue down it should not find support @ above lines 1.65469 should be resistance
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,999
  • Feb 26, 2020 4:11am Feb 26, 2020 4:11am
Quoting billytt
Cable. adr + Average Daily Range. today my adr = 94 a few minutes ago we had this below. {image} we played for a part of it.and the low is/was 12920 area But if it suddenly retraces back up , we put black line A to lowest low and this makes the high area of adr 13030 area {image} 94 is still low for cable, it could well explode and add another 100/150 on. but we are trading NOW.
i didn't take as many points,as my percentage is lower but i was just showing you.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,000
  • Feb 26, 2020 4:12am Feb 26, 2020 4:12am
Quoting TraderR0N
I have sold GBPUSD since price can’t pierce through 1.30200 and manually closed it with profits and pending short have also activated at 1.30100. Target will be at 1.29400. Long EURUSD hitting soon at price 1.09000. Then will probably look for short trade when it reach.
My short GBPUSD target achieved at 1.29400.
10% buy 10% sell 80% waiting
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