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The Jail Break System

  • #10,621
  • Apr 1, 2020 9:30am Apr 1, 2020 9:30am
Quoting billytt
{quote} is that 10 billion?
$10 barrel of oil.

I hope it gets there.
Patience, let the trade come to you.
  • #10,622
  • Apr 1, 2020 9:31am Apr 1, 2020 9:31am
Quoting billytt
maybe 4-00 fix, cable on paper should go up + 200 points . lol, hope it does for you. yaaaaaaaaaaaaaaaaaaay
I'll be happy with 1.25000
Patience, let the trade come to you.
  • #10,623
  • Apr 1, 2020 9:33am Apr 1, 2020 9:33am
Quoting billytt
maybe 4-00 fix, cable on paper should go up + 200 points . lol, hope it does for you. yaaaaaaaaaaaaaaaaaaay
I'm not concerned with GBP/USD.

I'm concerned about USD/JPY.

Waiting for the move up.
Patience, let the trade come to you.
  • #10,624
  • Apr 1, 2020 9:47am Apr 1, 2020 9:47am
Quoting prozor7
{quote} EURJPY - update exit long price can't break 117.746 potential down to 117.033
EURJPY - update
TP reach
long
Forex can only be understood backwards, but it must be traded forwards.
  • #10,625
  • Apr 1, 2020 9:47am Apr 1, 2020 9:47am
Quoting prozor7
EURGBP 0.88694 - 0.87893 are major support lines where I'm looking to go long
EURGBP - update
TP reach
long
Forex can only be understood backwards, but it must be traded forwards.
  • #10,626
  • Apr 1, 2020 9:52am Apr 1, 2020 9:52am
Quoting PokerChip
{quote} I'm not concerned with GBP/USD. I'm concerned about USD/JPY. Waiting for the move up.
USDJPY
watch for 107.214 breaking; down to 106.443

I will go long when price break up 108.078 or price go down to 106.443
Forex can only be understood backwards, but it must be traded forwards.
  • #10,627
  • Apr 1, 2020 10:01am Apr 1, 2020 10:01am
Quoting prozor7
{quote} USDJPY watch for 107.214 breaking; down to 106.443 I will go long when price break up 108.078 or price go down to 106.443
That's what I'm afraid of right now, is a lower price.

I still think the pair is going to move higher.

The market maker has to have a boat load of trapped sellers by now.
Patience, let the trade come to you.
  • #10,628
  • Apr 1, 2020 10:06am Apr 1, 2020 10:06am
Quoting PokerChip
{quote} I agree with you, I had to turn the heat back on. I also agree with you on oil, I can't believe it's still $19.90 bbl. If it can get to $10 bbl, I'll be buying April 2021 options.
They'll cost you - front month vol went to +200% the other day!!
  • #10,629
  • Apr 1, 2020 10:09am Apr 1, 2020 10:09am
Quoting ItRs
Hi TreaderRON, I am fledgling in trading, therefore asking a naive question, "how you manage your trades if they are going against you?" That sort of situation always put me in a dilemma, should i hold it for a long period like PokerChip briefed in his posts, or close it with some loss. Kay
Hi ItRs,

Sorry for the wait.

Good question.

Normally I will have my 3 levels of price to load them back when trend goes against me or I will cut losses and re-enter when time is right. It really depends on the current price action itself. I will have to see how is the movements before I close for a loss or if I think that trend is just a temporary going against me then I will leave it and load them back with my levels.

This is how I cope with my money management. Individual I would say.

Hope it helps you.
10% buy 10% sell 80% waiting
  • #10,630
  • Apr 1, 2020 10:15am Apr 1, 2020 10:15am
AUD just had a big spike of 50 pips.. that show that market is volatile and uncertain. Just got to be more careful with trades. Brokers are watching us...
10% buy 10% sell 80% waiting
  • #10,631
  • Apr 1, 2020 10:15am Apr 1, 2020 10:15am
Welp cable just flushed the toilet again. 1.2392
  • #10,632
  • Edited 10:41am Apr 1, 2020 10:15am | Edited 10:41am
Quoting PokerChip
{quote} I'm not concerned with GBP/USD. I'm concerned about USD/JPY. Waiting for the move up.
Hi All,

I am fairly new to trading, but can see some very good work going on in here, so i will be following along for the ride, respect to you all for the good efforts and for keeping a very clean thread!
It is very rare these days!

PC - i am currently short on USD/JPY has this pair completed all three levels?

16:12 UK time

Expecting a delay in you reading this due to my newbie status.
  • #10,633
  • Apr 1, 2020 10:17am Apr 1, 2020 10:17am
Quoting TraderR0N
AUD just had a big spike of 50 pips.. that show that market is volatile and uncertain. Just got to be more careful with trades. Brokers are watching us...
Is that AUD/USD ron? I'm short on that guy.. it can keep dropping!
  • #10,634
  • Apr 1, 2020 10:19am Apr 1, 2020 10:19am
Watch 0.87500 - 0.88000 for a bounce. EURGBP.
10% buy 10% sell 80% waiting
  • #10,635
  • Apr 1, 2020 10:21am Apr 1, 2020 10:21am
Quoting VicarPhilip
{quote} Is that AUD/USD ron? I'm short on that guy.. it can keep dropping!
AUDUSD - AUDJPY and EURAUD had a spike.

Im still holding on to short AUDUSD and AUDJPY. No changes.. patience it will come.. matter of time.

It was a nice gain of 40 pips when the spike came suddenly. This is the risk we have to swallow. I should have taken that 40 pips gained but because of greed... greed kills. Well anything in FX market can happen in a blink of eyes. lol...
10% buy 10% sell 80% waiting
  • #10,636
  • Apr 1, 2020 10:22am Apr 1, 2020 10:22am
Quoting TraderR0N
Watch 0.87500 - 0.88000 for a bounce. EURGBP.
Good morning Super Trader Ron

Hope you are well.
Patience, let the trade come to you.
  • #10,637
  • Apr 1, 2020 10:23am Apr 1, 2020 10:23am
Quoting PokerChip
{quote} Good morning Super Trader Ron Hope you are well.
Good morning buddy.

Hope everything goes well for you.
10% buy 10% sell 80% waiting
  • #10,638
  • Apr 1, 2020 10:27am Apr 1, 2020 10:27am
Quoting TraderR0N
{quote} Good morning buddy. Hope everything goes well for you.
Currently stuck 3 times in USD/JPY

I'm in 1 trade with GBP/USD, I could have taken a profit but have held on for higher gains.

We will see.
Patience, let the trade come to you.
  • #10,639
  • Apr 1, 2020 10:28am Apr 1, 2020 10:28am
Quoting PokerChip
{quote} Currently stuck 3 times in USD/JPY I'm in 1 trade with GBP/USD, I could have taken a profit but have held on for higher gains. We will see.
It will come bud...

Just got to stay inline with the market. ha ha...even banks investors are having massive margin calls for trading stocks that is to show how bad the market can be at this current moment. Trade safe... go slow everything will be just fine...
10% buy 10% sell 80% waiting
  • #10,640
  • Apr 1, 2020 10:30am Apr 1, 2020 10:30am
Quoting TraderR0N
{quote} It will come bud... Just got to stay inline with the market. ha ha...
They're really playing games this week.
Patience, let the trade come to you.
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