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The Jail Break System

  • #8,901
  • Mar 19, 2020 9:01am Mar 19, 2020 9:01am
Quoting Simply-Me
{quote} Maybe because they have biggest money printer in world,so in case of emergency they can always print more money then anybody else
Ha, they're printing like mad now.
Patience, let the trade come to you.
  • #8,902
  • Mar 19, 2020 9:04am Mar 19, 2020 9:04am
USD/JPY 4 hour chart update.

Okay here we go into the 3rd level.

I'm looking for a retracement soon.
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Patience, let the trade come to you.
  • #8,903
  • Mar 19, 2020 9:15am Mar 19, 2020 9:15am
GBP/USD daily chart update.

Possible reversal.
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Patience, let the trade come to you.
  • #8,904
  • Mar 19, 2020 10:16am Mar 19, 2020 10:16am
1.5 month update on trading PC's jailbreak system.

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So far, I'm mainly just trading GJ on the long side since I believe the level count looks similar to the one PC marked above.
Entries are relatively too early on many positions and, honestly, some price chasing (bad)....hence the negative floating positions.

Starting to build some very small long positions on silver and crude WTI.
Trading really small lot sizes so I will have plenty of margin if price goes way against me.
I also trade one directional only until all the trades are closed for a profit.
Trading both long and short at the same time causes massive headaches for me personally

The levels I have for XAG and XTI are as follows....submitted for PC to correct

XAG monthly demand zone with daily level count confluence.

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XTI seen on H4. Not really sure if the count is right on this one

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Thanks everyone. Also, I hope everyone is safe and healthy during this world pandemic
Entities should not be multiplied without necessity - Occam's razor
  • #8,905
  • Mar 19, 2020 10:31am Mar 19, 2020 10:31am
Quoting Frosty85
1.5 month update on trading PC's jailbreak system. {image} So far, I'm mainly just trading GJ on the long side since I believe the level count looks similar to the one PC marked above. Entries are relatively too early on many positions and, honestly, some price chasing (bad)....hence the negative floating positions. Starting to build some very small long positions on silver and crude WTI. Trading really small lot sizes so I will have plenty of margin if price goes way against me. I also trade one directional only until all the trades are closed...
Good job, you'll get better the more levels you see.

You're confidence will increase, a lot.

So you're up 63% in 6 weeks, excellent.
Patience, let the trade come to you.
  • #8,906
  • Mar 19, 2020 10:36am Mar 19, 2020 10:36am
GBP/USD daily chart update.

Looks like we have a reversal.
Attached Image (click to enlarge)
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Patience, let the trade come to you.
  • #8,907
  • Mar 19, 2020 10:49am Mar 19, 2020 10:49am
Brad,

Could you help me clarify this:

Post #69:

https://www.forexfactory.com/showthr...9#post12503059

On the check mark, we see the crossover of 13 EMA and 50 EMA which signifies start of 1st Level. Next we expect crossover of 50 EMA and 200 EMA which would signify the start of 2nd Level.

a. After the start of 1st level, if 13 EMA and 50 EMA crosses back to the down side, should we consider it as sort of reset and start the count of levels again?

b. If 13 EMA & 50 EMA cross to the down side and again cross to the upside and later there is crossover of 50 EMA/200 EMA, can we proceed to interpret it as the start of the 2nd level?

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Thank you for the assistance...
  • #8,908
  • Mar 19, 2020 11:18am Mar 19, 2020 11:18am
Quoting aaven
Brad, Could you help me clarify this: Post #69: https://www.forexfactory.com/showthr...9#post12503059 On the check mark, we see the crossover of 13 EMA and 50 EMA which signifies start of 1st Level. Next we expect crossover of 50 EMA and 200 EMA which would signify the start of 2nd Level. a. After the start of 1st level, if 13 EMA and 50 EMA crosses back to the down side, should we consider it as sort of reset and start the count of levels again? b. If 13 EMA & 50 EMA cross to the down side and again cross to the upside...
There was a trader that wanted to see where the railroad tracks were.
Patience, let the trade come to you.
  • #8,909
  • Mar 19, 2020 11:37am Mar 19, 2020 11:37am
Quoting prozor7
{quote} gap not closed 1.07120? {image}
Quoting TraderR0N
{quote} 1.07
Quoting prozor7
{quote} pullback to 1.07747 - 1.08055 then down 1.07
Quoting prozor7
{quote} 1.08055 cant hold sell wait for price come to you don't chase it
to 1.06753 where I will take more profit

visual presentations what we are talking here
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #8,910
  • Mar 19, 2020 11:49am Mar 19, 2020 11:49am
Who kicked euro euro in ass?
Whether you think you can, or you think you can't,you're right. H.F.
  • #8,911
  • Mar 19, 2020 11:54am Mar 19, 2020 11:54am
Quoting Simply-Me
Who kicked euro euro in ass?
I did a little..... Woke up to it.
"The market doesn't care about you, stop hoping it will." Dirk
  • #8,912
  • Mar 19, 2020 12:37pm Mar 19, 2020 12:37pm
when DOW hit 29.5k from 7k nobody complained.
that was a massive bull run for 11 years.
time for retrace and using whatever social/economical events to do that.
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Determination + Persistence = Success
  • #8,913
  • Mar 19, 2020 12:38pm Mar 19, 2020 12:38pm
Quoting turnip15
{quote} Never understood that. You or I get in debt and we are punished if we are unable to make payments to pay down debt. Countries just push it down the road unless you are Greece. Often wondered what would happen if every country agreed to cancel all national debt so each country starts again with a clean slate Alternatively we could barter. Oh - we do that already -it's called working for someone ?
Very good point.
Patience, let the trade come to you.
  • #8,914
  • Mar 19, 2020 12:43pm Mar 19, 2020 12:43pm
Quoting SKLearn
when DOW hit 29.5k from 7k nobody complained. that was a massive bull run for 11 years. time for retrace and using whatever social/economical events to do that. {image}
I think the correction is over.

All the bad news is out.

Nothing on the horizon but for people to stay away from each other for 14 days and this virus should die out.

I think you'll see the stock market start flying again soon.
Patience, let the trade come to you.
  • #8,915
  • Mar 19, 2020 12:48pm Mar 19, 2020 12:48pm
USD/JPY 4 hour update.

The pair has entered the 3rd level.

It could just make one pass through the level and keep on moving higher.

I do think now that it will trade up and down in the 3rd level and then reverse.

The hype of the coronavirus has had it's 15 minutes of fame, and will fade away soon.

Then we all go back to normal days of our wives telling us what to do, ha ha.
Attached Image (click to enlarge)
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Patience, let the trade come to you.
  • #8,916
  • Mar 19, 2020 12:49pm Mar 19, 2020 12:49pm
Quoting Frosty85
1.5 month update on trading PC's jailbreak system. {image} So far, I'm mainly just trading GJ on the long side since I believe the level count looks similar to the one PC marked above. Entries are relatively too early on many positions and, honestly, some price chasing (bad)....hence the negative floating positions. Starting to build some very small long positions on silver and crude WTI. Trading really small lot sizes so I will have plenty of margin if price goes way against me. I also trade one directional only until all the trades are closed...
Congrats Frosty,
may I ask you if you'd be willing to post your trades history from MT4 for that period,so we can analyze your trades for educational purposes?
Whether you think you can, or you think you can't,you're right. H.F.
  • #8,917
  • Mar 19, 2020 1:07pm Mar 19, 2020 1:07pm
Quoting PokerChip
{quote} I think the correction is over. All the bad news is out. Nothing on the horizon but for people to stay away from each other for 14 days and this virus should die out. I think you'll see the stock market start flying again soon.
"you think the correction is over"...based on??????????????
You need to read the information science provides, this is just starting.
Markets could only "fly" if a proven vaccine comes out. Otherwise, the smart money will keep on shorting every rally...
  • #8,918
  • Mar 19, 2020 1:19pm Mar 19, 2020 1:19pm
There is an interesting video which everyone should watch. I don’t know how to attach the video to this comment section on the iPad. Google Michael Osterholm and search for his interview by Joe Rogan. Great insights into Covid19. It makes me think the markets will need lots of time to recover.
  • #8,919
  • Mar 19, 2020 1:34pm Mar 19, 2020 1:34pm
Quoting Roblee
There is an interesting video which everyone should watch. I don’t know how to attach the video to this comment section on the iPad. Google Michael Osterholm and search for his interview by Joe Rogan. Great insights into Covid19. It makes me think the markets will need lots of time to recover.
Inserted Video


COVID-19 spreading is very concerning.

but, COVID-19 is merely an excuse to rundown the markets.
Determination + Persistence = Success
  • #8,920
  • Mar 19, 2020 1:38pm Mar 19, 2020 1:38pm
Quoting cuchuflito
{quote} "you think the correction is over"...based on?????????????? You need to read the information science provides, this is just starting. Markets could only "fly" if a proven vaccine comes out. Otherwise, the smart money will keep on shorting every rally...
It started in January.

I think the correction is over based on that it took 28 days to come back online to start producing again in China.

The USA is not China, meaning I think we have a administration that means what they say and they what they mean. And they want everybody back to work asap.

They're not going to sugar coat it, and they will do everything possible to bring employment back to levels before this hyped up event happened.

More people die in the USA from the flu each year, and we have no cure for it.

This was all orchestrated so that Trump would lose the November 2020 election. China wants the 77 Year old Biden to win. Biden barely knows what day it is.
Patience, let the trade come to you.
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