The Jail Break System | Page 361 | Forex Factory

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The Jail Break System

  • #7,201
  • Feb 28, 2020 8:06am Feb 28, 2020 8:06am
Have a good weekend all, i know i will.
OUT ON THE TOWN yaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,202
  • Feb 28, 2020 8:08am Feb 28, 2020 8:08am
wish you all great weekend!!!!
thank you for your contributions in humor, analysis, education and help.

last month was very lucrative, next will be even better.

see you on Monday open.
Forex can only be understood backwards, but it must be traded forwards.
  • #7,203
  • Feb 28, 2020 8:17am Feb 28, 2020 8:17am
Hi

USDCAD heading south at long last.

Just got my first (small) profit of the day.

Should enter 1.33935 area with a bit of luck.

With reports of Canada and possibly USA cutting interest rates you wonder what is going to happen?

Regards N
  • #7,204
  • Feb 28, 2020 8:24am Feb 28, 2020 8:24am
Quoting billytt
Cable, adr 94 has been made. {image}
And some.. currently at 165..! Taking a few pints out of this one Good weekend all
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #7,205
  • Feb 28, 2020 9:52am Feb 28, 2020 9:52am
GBP/USD slicing through the 2nd level like a hot knife through butter.

Sorry I missed you guys today. I had a meeting with the oil company that wants to drill for oil.

The meeting went well.

I see GBP/USD retracing after this push lower.

Hopefully I sell it again after the retracement.

Everyone have a good weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-d1-tw-corp-g-u.png Size: 44 KB
Patience, let the trade come to you.
  • #7,206
  • Feb 28, 2020 11:09am Feb 28, 2020 11:09am
Quoting PokerChip
GBP/USD slicing through the 2nd level like a hot knife through butter. Sorry I missed you guys today. I had a meeting with the oil company that wants to drill for oil. The meeting went well. I see GBP/USD retracing after this push lower. Hopefully I sell it again after the retracement. Everyone have a good weekend. {image}
Yes, I wouldn't look to buy this now until it was 1.26 / 1.25 so hopefully plenty of legroom.. but looking at EURO today who knows

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 36 KB


We have our budget on March 11 so be on your toes!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #7,207
  • Feb 28, 2020 11:54am Feb 28, 2020 11:54am
Good evening.

USDCAD dropping again and another TP target hit so not as bad as it could have been.

I will have to leave a few shorts open over the weekend. That's what happens when you do not use stop losses.

Enjoy your weekend everyone and stay safe from the bugs.

N
  • #7,208
  • Feb 28, 2020 12:24pm Feb 28, 2020 12:24pm
Quoting Northumbrian
Good evening. USDCAD dropping again and another TP target hit so not as bad as it could have been. I will have to leave a few shorts open over the weekend. That's what happens when you do not use stop losses. Enjoy your weekend everyone and stay safe from the bugs. N
Stuff like this facinates me. How and who stopped the price to the pip + spread at almost exactly the samepoint last year (a week early unless it was a leapyear or something?!)

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 52 KB


Anyway sorry for spamming your thread!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #7,209
  • Feb 28, 2020 1:48pm Feb 28, 2020 1:48pm
Hi everyone.

Just proof that " it ain't over till the fat lady sings" saying still holds true anywhere.

USDCAD - It's about 15 mins until the "shop" closes and I've made 18 pips selling off retracements in a downward trend (1 hour TF)

Draw down now only 4.5%.

All the best.

N
  • #7,210
  • Feb 29, 2020 1:44am Feb 29, 2020 1:44am
Morning,

So I took the USDCAD.
One possibility is the Corona virus is making the markets go crazy. Nothing is right neither Pivot Trading nor the strategy of Pokerchip.
The other possibility is that the market has turned.
I have looked at the past trends of the USDCAD.
I noticed that as long as the price was moving within the Daily Channel, PokerChip's strategy was working, but when it breaks out of the Daily Channel, a new channel is established.
In my opinion, the focus is on the 1.3285 - 1.3300 level and if it stays there, a new channel is established in the Daily (is the outer edge of the Daily channel).
In addition, the trend has broken out of the channel in the Daily and Weekly.


Greetings Ritter3

-Daily picture is the blue channel D1 and the grey channel Weekly
-H4 image is the blue channel H4 and the grey channel D1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 81 KB
Click to Enlarge Name: Image2.png Size: 69 KB
  • #7,211
  • Feb 29, 2020 2:05am Feb 29, 2020 2:05am
The only thing left to say is look at the volume of the red and green peaks.
They are missing at the 1.33 level so we could still be in a up trend.
The picture is from H4.
I compare the vertex indicator with the RSI
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 426 KB
  • #7,212
  • Feb 29, 2020 2:33am Feb 29, 2020 2:33am
Quoting BeyondTheSea
{quote} And some.. currently at 165..! Taking a few pints out of this one Good weekend all
Like I say, 94 is nothing for cable.
It is easier to trade knowing a fact, ie 94 area than to gamble or get excited after the event. As this is where a trader can then lose after being in profit. I do/did this for a living and trade for 2 others. Trade well B. Do it again next week. Yaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,213
  • Feb 29, 2020 2:36am Feb 29, 2020 2:36am
Quoting Ritter3
Morning, So I took the USDCAD. One possibility is the Corona virus is making the markets go crazy. Nothing is right neither Pivot Trading nor the strategy of Pokerchip. The other possibility is that the market has turned. I have looked at the past trends of the USDCAD. I noticed that as long as the price was moving within the Daily Channel, PokerChip's strategy was working, but when it breaks out of the Daily Channel, a new channel is established. In my opinion, the focus is on the 1.3285 - 1.3300 level and if it stays there, a new channel is established...
Things will stabilise , this is just a blip for a few weeks .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,214
  • Mar 1, 2020 11:30am Mar 1, 2020 11:30am
Hi traders,

Good to know this

Do not be in a hurry to trade next week. If u made money, be grateful and move very slowly. If u lost money, don’t be in a hurry to make it back because volatility is high. Volume will be high for awhile, it requires wider stops, therefore smaller size. Sharks will circle all week.

Have a good week ahead.
Trade safe and trade well.

Good night and see you guys soon.
10% buy 10% sell 80% waiting
  • #7,215
  • Edited 12:11pm Mar 1, 2020 11:42am | Edited 12:11pm
I have watch the pre-levels for most pairs before market opens and not surprise to see some pairs having GAPS up and down. Since the markets is so risky to trade for a while my advise is not to hold any trades over the weekends if you have Tight Stops. I can foresee most weekends will have some gaps due to the Corona Viruses headlines news. Very risky and see no point to fight with the market.

EURAUD - GAP UP - 120 pips.

USDJPY - GAP DOWN - 70 pips.

EURNZD - GAP UP - 200 pips.

USDCAD - GAP UP - 40 pips.

Do not need to see the rest of the JPY/AUD/NZD crosses pairs. All will be GAP up and down for sure.
Crazy markets. Will there be a market crash?

Global Recession is coming.

Cheers.
10% buy 10% sell 80% waiting
  • #7,216
  • Mar 1, 2020 12:06pm Mar 1, 2020 12:06pm
A lots of Central Banks will be cutting rates in the coming weeks starting with this week. Keep that in mind. It may support risk, but for how long?
10% buy 10% sell 80% waiting
  • #7,217
  • Mar 1, 2020 1:17pm Mar 1, 2020 1:17pm
Quoting PokerChip
GBP/USD slicing through the 2nd level like a hot knife through butter. Sorry I missed you guys today. I had a meeting with the oil company that wants to drill for oil. The meeting went well. I see GBP/USD retracing after this push lower. Hopefully I sell it again after the retracement. Everyone have a good weekend. {image}

Hi Pokerchip, your thread is getting bigger and bigger pretty fast.Over 7000 post in 6 months,wow.There lot's of good information specially on live trades. What I miss here some good suggestions on money managements(MM). I'm sure some ideas might be hidden in those 7000 plus posts,but maybe you,as OP might consider to out some of them as sticky or pdf in post#1,so they'll be more available for people coming later in this thread.
Thanks for doing good job and sharing to you and all guys.
Whether you think you can, or you think you can't,you're right. H.F.
  • #7,218
  • Mar 1, 2020 2:03pm Mar 1, 2020 2:03pm
good evening to all
Forex can only be understood backwards, but it must be traded forwards.
  • #7,219
  • Mar 1, 2020 2:06pm Mar 1, 2020 2:06pm
Quoting TraderR0N
I have watch the pre-levels for most pairs before market opens and not surprise to see some pairs having GAPS up and down. Since the markets is so risky to trade for a while my advise is not to hold any trades over the weekends if you have Tight Stops. I can foresee most weekends will have some gaps due to the Corona Viruses headlines news. Very risky and see no point to fight with the market. EURAUD - GAP UP - 120 pips. USDJPY - GAP DOWN - 70 pips. EURNZD - GAP UP - 200 pips. USDCAD - GAP UP - 40 pips. Do not need to see the rest of the JPY/AUD/NZD...
hi Ron
is there a place you can see market data before open to post this gaps?
Forex can only be understood backwards, but it must be traded forwards.
  • #7,220
  • Mar 1, 2020 2:20pm Mar 1, 2020 2:20pm
AUDCAD
nice play on friday.
hitting 50% 0.86442 of yearly line look good for long
Attached Image

pay attention to 0.87153 - 0.87247 as resistance lines
Attached Image

breaking 0.87153 - 0.87399 price should find support @ 0.87247 as quarterly support
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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