The Jail Break System | Page 534 | Forex Factory

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The Jail Break System

  • #10,661
  • Apr 1, 2020 11:22am Apr 1, 2020 11:22am
Quoting Mtinifx
Wow - just switched on and noticed the spike on AUD pairs!! Anyone know what caused it?
Hi mate,

Im not too sure what causes the spike..
10% buy 10% sell 80% waiting
  • #10,662
  • Apr 1, 2020 11:28am Apr 1, 2020 11:28am
JPY still strong atm.. keeping an eye on EURJPY long trade.
10% buy 10% sell 80% waiting
  • #10,663
  • Apr 1, 2020 11:30am Apr 1, 2020 11:30am
Quoting TraderR0N
{quote} Hi vinckkw, Sorry I miss your post. Im not too sure what causes it.. Notice you’re from Singapore too.
Thanks TraderRON. I have been doing demo like for few years.....and finally into Live.

I think it is learning all over again....most of the time I got the direction correct, but always got stop out by stuff like spikes and probably also due some tight stop losses

Anyway, glad to see you are from Spore as well and stay safe : )
  • #10,664
  • Apr 1, 2020 11:45am Apr 1, 2020 11:45am
Quoting vinckkw
{quote} Thanks TraderRON. I have been doing demo like for few years.....and finally into Live. I think it is learning all over again....most of the time I got the direction correct, but always got stop out by stuff like spikes and probably also due some tight stop losses Anyway, glad to see you are from Spore as well and stay safe : )
Thanks vinckkw,

Glad to hear that.

Stay safe as well.. almost 1000 cases for COVID-19.

Wider stop loss with small lots size depending on your account and you are good to go... less stress sleep better. lol.
10% buy 10% sell 80% waiting
  • #10,665
  • Apr 1, 2020 11:50am Apr 1, 2020 11:50am
Quoting TraderR0N
JPY still strong atm.. keeping an eye on EURJPY long trade.
Possibly on USDJPY as well? it cant seem to stop bouncing off 107.000
  • #10,666
  • Apr 1, 2020 11:51am Apr 1, 2020 11:51am
Hi Guys
I am new here . I see a lot of work and huge share thoughts on thread .
Thanks for all of your efforts , I hope to find answers on many ques i have .
Have a nice and profitable trade
  • #10,667
  • Apr 1, 2020 11:52am Apr 1, 2020 11:52am
Quoting SidneyMagal
{quote} Possibly on USDJPY as well? it cant seem to stop bouncing off 107.000
Sideway for now..
10% buy 10% sell 80% waiting
  • #10,668
  • Apr 1, 2020 11:55am Apr 1, 2020 11:55am
Today’s market are making me
10% buy 10% sell 80% waiting
  • #10,669
  • Apr 1, 2020 11:57am Apr 1, 2020 11:57am
Quoting Mtinifx
Wow - just switched on and noticed the spike on AUD pairs!! Anyone know what caused it?
Yeh! all those suckers trapped up and down in the accumulation zone from yesterdays high.
  • #10,670
  • Apr 1, 2020 11:59am Apr 1, 2020 11:59am
Quoting Rahmandorai
Hi Guys I am new here . I see a lot of work and huge share thoughts on thread . Thanks for all of your efforts , I hope to find answers on many ques i have . Have a nice and profitable trade
Hi Rahmandora,

Welcome here.
10% buy 10% sell 80% waiting
  • #10,671
  • Apr 1, 2020 12:10pm Apr 1, 2020 12:10pm
USDJPY - I would think that 112 - 114 is still on the card and not out of the woods yet.
10% buy 10% sell 80% waiting
  • #10,672
  • Apr 1, 2020 12:19pm Apr 1, 2020 12:19pm
Quoting prozor7
GBPNZD watching 2.09447 - 2.10513 as resistance breaking up to 2.13313 - 2.13849 resistance for down to 2.06949
GBPNZD - update
price retesting 2.09447 to continue down move should not break 2.09640
Forex can only be understood backwards, but it must be traded forwards.
  • #10,673
  • Apr 1, 2020 12:36pm Apr 1, 2020 12:36pm
Quoting vinckkw
{quote} Anybody knows the reason for the spike earlier? I entered short AUDJPY 40 minutes before the spike, put in a 120 pips stop loss which I thought was wide enough, and it hit my stop loss right at the top of the spike. Talk about timing and placing. This is the 2nd time I had such encounter. Few days ago I was long AUDCAD, and it had a spike downwards and hit my stop loss right at the bottom after going into profit of 70 pips. The earlier spike only affects AUD and NZD (to some extend), but not on the other USD pairs. I see no news that has...
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd spike 010420.png Size: 72 KB
  • #10,674
  • Apr 1, 2020 12:44pm Apr 1, 2020 12:44pm
Quoting pamc
{quote} {image}
ye its just a stophunt right?
its just a script. join the club
  • #10,675
  • Apr 1, 2020 12:48pm Apr 1, 2020 12:48pm
Quoting TraderR0N
{quote} And these.
Closed my AUDJPY sell position at 65.400 - entered at 65.886. Guess I can sell again after a retrace.
  • #10,676
  • Apr 1, 2020 12:48pm Apr 1, 2020 12:48pm
Quoting Dzap
{quote} ye its just a stophunt right?
It happens a lot on cheaper currencies.
Patience, let the trade come to you.
  • #10,677
  • Apr 1, 2020 12:49pm Apr 1, 2020 12:49pm
Quoting kalahari
{quote} Closed my AUDJPY sell position at 65.400 - entered at 65.886. Guess I can sell again after a retrace.
and I’m still holding it till my take profits.
10% buy 10% sell 80% waiting
  • #10,678
  • Apr 1, 2020 12:50pm Apr 1, 2020 12:50pm
GBP/USD 4 hour chart update.

Back to moving sideways again.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u-2.png Size: 38 KB
Patience, let the trade come to you.
  • #10,679
  • Apr 1, 2020 12:58pm Apr 1, 2020 12:58pm
Forex trading is getting tricky nowadays..

Good night everyone.
10% buy 10% sell 80% waiting
  • #10,680
  • Apr 1, 2020 1:10pm Apr 1, 2020 1:10pm
Quoting Dzap
{quote} ye its just a stophunt right?
Not only a stop hut. At the time there were alot of pending buy stops and break out traders with close by sl's too. The thing to watch out for is the setup. The MM is setting all this up with that downward trend making a wedge formation above the previous structure so called support etc ya ya. Then broke out in direction of trend taking all the trend suckers in. Made a W formation or a Double bottom. All AUD pairs showed similar action prior and after. Learn to read the buildup. The pdfs i posted in the files section cover this
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