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The Jail Break System

  • #8,681
  • Mar 17, 2020 11:07am Mar 17, 2020 11:07am
Quoting Sorel
{quote} Thanks again billytt. You've been really helpful. I'll study how the break of this range works out on other pairs as well over the next few weeks. Cheers
Hi S, look over old charts.
Draw a High/Low on the chart of 00-00 range.
See for yourself how one end breaks and either carries on OR retraces to break other end. IT CAN RETRACE AGAIN, IT HAPPENS.
We have 00-00 range, we have daily range . Subtract one from the other and we can play them. Ideally we want the big movers .
Hope this helps. Ask questions.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,682
  • Mar 17, 2020 11:16am Mar 17, 2020 11:16am
Quoting prozor7
GBPUSD looking for long @ 1.20853 & 1.20215 {image}
GBPUSD - update
TP reach
long 1.20215 TP 1.20820
pay attention to 1.20355 where price find support on the way down breaking should lead up to 1.20820
Forex can only be understood backwards, but it must be traded forwards.
  • #8,683
  • Mar 17, 2020 11:30am Mar 17, 2020 11:30am
Quoting prozor7
USDCHF watching 0.96409 - 0.96525 as potential short
USDCHF - update
TP reach
short 0.96409 TP 0.95599
pay attention to 0.96298 price should not find support on this level if does close short
Forex can only be understood backwards, but it must be traded forwards.
  • #8,684
  • Mar 17, 2020 11:56am Mar 17, 2020 11:56am
AUDCHF
watching 0.56109 as potential long
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #8,685
  • Mar 17, 2020 12:04pm Mar 17, 2020 12:04pm
Quoting prozor7
GBPCAD watching 1.70176 - 1.69840 as potential long TP 1.71569 - 1.72441 in case price can't hold down to 1.68111 - 1.67912
GBPCAD - update
TP1 reach
close 1/2 long - SL 1.70753
Forex can only be understood backwards, but it must be traded forwards.
  • #8,686
  • Mar 17, 2020 12:09pm Mar 17, 2020 12:09pm
Quoting prozor7
{quote} GBPUSD - update TP reach long 1.20215 TP 1.20820 pay attention to 1.20355 where price find support on the way down breaking should lead up to 1.20820
GBPUSD
protect long - SL 1.20355
Forex can only be understood backwards, but it must be traded forwards.
  • #8,687
  • Mar 17, 2020 12:19pm Mar 17, 2020 12:19pm
Quoting prozor7
{quote} GBPUSD protect long - SL 1.20355
GPUSD - update
TP reach
close long
Forex can only be understood backwards, but it must be traded forwards.
  • #8,688
  • Mar 17, 2020 12:20pm Mar 17, 2020 12:20pm
Quoting prozor7
{quote} GBPCAD - update TP1 reach close 1/2 long - SL 1.70753
GBPCAD
protect long
SL 1.71292
Forex can only be understood backwards, but it must be traded forwards.
  • #8,689
  • Mar 17, 2020 1:08pm Mar 17, 2020 1:08pm
USDJPY
breaking 107.485 potential up to 108.900 as short

Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #8,690
  • Mar 17, 2020 1:20pm Mar 17, 2020 1:20pm
Quoting billytt
{quote} Hi S, look over old charts. Draw a High/Low on the chart of 00-00 range. See for yourself how one end breaks and either carries on OR retraces to break other end. IT CAN RETRACE AGAIN, IT HAPPENS. We have 00-00 range, we have daily range . Subtract one from the other and we can play them. Ideally we want the big movers . Hope this helps. Ask questions.
Yes it absolutely helps. Will do my due diligence and study old charts. Actually I'm doing it right now. I very much like your statistical approach to trading. Thanks again

Cheers,
  • #8,691
  • Mar 17, 2020 1:32pm Mar 17, 2020 1:32pm
Quoting prozor7
AUD there are a small buy momentum AUDCAD AUDJPY AUDUSD AUDNZD needs to stay above to confirm long AUDCAD 0.84915 - 0.85184 AUDJPY 64.250 AUDUSD 0.60791 AUDNZD 1.01179
Quoting prozor7
{quote} AUD I'm buying again
AUD
showing some love
long looking good

4h until news
protect long
Forex can only be understood backwards, but it must be traded forwards.
  • #8,692
  • Mar 17, 2020 1:56pm Mar 17, 2020 1:56pm
Quoting prozor7
CHFJPY potential long @ 111.378 - 111.072 - TP 112.241 {image}
CHFJPY
TP reach
close long
Forex can only be understood backwards, but it must be traded forwards.
  • #8,693
  • Mar 17, 2020 2:51pm Mar 17, 2020 2:51pm
Quoting prozor7
{quote} USDCAD - update TP reach short TP 1.40685
USDCAD - update
to stubborn to go down 1.42658 should be top breaking 1.42446 should confirm that
Forex can only be understood backwards, but it must be traded forwards.
  • #8,694
  • Mar 17, 2020 3:37pm Mar 17, 2020 3:37pm
Quoting prozor7
{quote} GBPCAD protect long SL 1.71292
GBPCAD
close all 1.71569
CAD is getting stronger
Forex can only be understood backwards, but it must be traded forwards.
  • #8,695
  • Mar 17, 2020 3:47pm Mar 17, 2020 3:47pm
Quoting prozor7
{quote} USDCAD - update to stubborn to go down 1.42658 should be top breaking 1.42446 should confirm that
USDCAD - update
close short 1.41924

PS
all position closed

good night see you tomorrow
Forex can only be understood backwards, but it must be traded forwards.
  • #8,696
  • Mar 17, 2020 6:50pm Mar 17, 2020 6:50pm
Quoting prozor7
{quote} good day PC have a nice journey
Thank you Pro7, we had a safe trip on I-70 (bloody 70) is what the Indiana State police call it.

I'm back home now.

Getting ready to post some charts for tomorrow.
Patience, let the trade come to you.
  • #8,697
  • Mar 17, 2020 6:52pm Mar 17, 2020 6:52pm
Quoting Binhpham
{quote} Enjoy trip PC, I'am waiting for your back and see how am I apply the Jail Breaking System in EUR/ USD and got dolars today. Do I a good student ^^ Thank you so much again! {image}
Binhpham,
Thank you my wife and I had a safe trip.

I'm back home so I can answer any questions that you might have.
Patience, let the trade come to you.
  • #8,698
  • Edited 7:27pm Mar 17, 2020 6:57pm | Edited 7:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyi-h4-tw-corp-u-j.png Size: 35 KB


USD/JPY 4 hour chart update.

I'm looking for this pair to retrace back down to 106.400

If it does I would be a buyer.

It's had a nice run up so look to the left at those 4 green candles, that's the fuel for the market maker to push it back down to trap buyers at this point and time.
Patience, let the trade come to you.
  • #8,699
  • Mar 17, 2020 7:35pm Mar 17, 2020 7:35pm
GBP/USD 4 hour chart update.

This pair has reversed and is moving up.

I look for this pair to at least 1.22300 over night.

I'm still stuck, but I have bought again at 1.21400
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 35 KB
Patience, let the trade come to you.
  • #8,700
  • Mar 17, 2020 7:38pm Mar 17, 2020 7:38pm
XAU/USD (gold) 4 hour chart update.

I look for gold to move up to at least 1553.00
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdi-h4-tw-corp-gold.png Size: 39 KB
Patience, let the trade come to you.
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