The Jail Break System | Page 566 | Forex Factory

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The Jail Break System

  • #11,301
  • Apr 8, 2020 9:39am Apr 8, 2020 9:39am
Quoting Wellington
{quote} Take care - seeya tomorrow
You too Wellington.
10% buy 10% sell 80% waiting
  • #11,302
  • Apr 8, 2020 9:39am Apr 8, 2020 9:39am
Quoting TraderR0N
Good night everyone.
Good night Trader Ron.

Stay Safe.
Patience, let the trade come to you.
  • #11,303
  • Apr 8, 2020 9:42am Apr 8, 2020 9:42am
Quoting Wellington
{quote} Gotcha, I will, thanks - apologies for forgetting it was you. I imagine you're right - would make logical sense if there's a certain level of support/resistance that the market stalls at then we're likely to see railroad tracks built around that level
Exactly - specially when price is at it outer levels at the end of the week Resistance/support 78-200 and the following week it fails to break past Resistance/support 38-68......: well this is more likely for reversal for new trend pending
  • #11,304
  • Apr 8, 2020 9:50am Apr 8, 2020 9:50am
Notice price shoots up 1 week and following week struggles to continue trend beyond 38-61 levels
Attached Image (click to enlarge)
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  • #11,305
  • Apr 8, 2020 10:02am Apr 8, 2020 10:02am
GBP/CHF 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfi-h4-tw-corp-g-c.png Size: 36 KB
Patience, let the trade come to you.
  • #11,306
  • Apr 8, 2020 10:04am Apr 8, 2020 10:04am
GBP/USD 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 39 KB
Patience, let the trade come to you.
  • #11,307
  • Apr 8, 2020 11:22am Apr 8, 2020 11:22am
Quoting prozor7
EURAUD watching 1.75438 - 1.74299 as potential long TP 1.76656 - 1.77384 {image}
EURAUD - update
1.74299 as potential buy
breaking this line down to 1.72465 -
Forex can only be understood backwards, but it must be traded forwards.
  • #11,308
  • Apr 8, 2020 11:24am Apr 8, 2020 11:24am
Quoting prozor7
{quote} EURNZD - update TP 1 reach pay attention for pullback 1.82081 - 1.82639 than down to TP2 1.80050 price should not break 1.82639 to continue down move {image}
EURNZD - update
watching
Forex can only be understood backwards, but it must be traded forwards.
  • #11,309
  • Apr 8, 2020 11:35am Apr 8, 2020 11:35am
Hi guys,
how are the swap fees going to affect our GBP/USD long trades please? It will be a percentage based on the profit/loss at the time of swap I guess.
Do you ride through the swap or close and reopen them? Wednesday is triple swap fees is it not?

Also do we have any advice for a target price for the gbp/usd? I have initially set my TP at .2500 but I would imagine much higher should happen if it is moving to the next level...
thanks
  • #11,310
  • Apr 8, 2020 11:42am Apr 8, 2020 11:42am
Right, so ive scaled down and then back up on my long GBPUSD trade, ive bought more USDJPY because my speciality is jumping in well before the move actually happens, and ive decided to leave EURCAD well alone!

Now im off to put 1 beer in each room of the house and pretend im on a pub crawl after a long day at work, good night all!
  • #11,311
  • Apr 8, 2020 12:09pm Apr 8, 2020 12:09pm
AUDCAD
CAD is overstretched (sell)
expected pullback to 0.87152 - 0.86897 than up to 0.88225
Forex can only be understood backwards, but it must be traded forwards.
  • #11,312
  • Apr 8, 2020 12:25pm Apr 8, 2020 12:25pm
Quoting RickMTB
Hi guys, how are the swap fees going to affect our GBP/USD long trades please? It will be a percentage based on the profit/loss at the time of swap I guess. Do you ride through the swap or close and reopen them? Wednesday is triple swap fees is it not? Also do we have any advice for a target price for the gbp/usd? I have initially set my TP at .2500 but I would imagine much higher should happen if it is moving to the next level... thanks
I think once GBP/USD passes 1.24800 it will then move to 1.26000

Then be a possible retracement to 1.25100 then up from there.
Patience, let the trade come to you.
  • #11,313
  • Apr 8, 2020 12:48pm Apr 8, 2020 12:48pm
Quoting PokerChip
{quote} I think once GBP/USD passes 1.24800 it will then move to 1.26000 Then be a possible retracement to 1.25100 then up from there.
Might be running out of steam
Attached Image (click to enlarge)
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  • #11,314
  • Apr 8, 2020 1:20pm Apr 8, 2020 1:20pm
Unless GU breaks 1.23642 i think New York is just takin it for a range today. It already made the move up over night although there is still some ADR left
its just a script. join the club
  • #11,315
  • Edited 1:44pm Apr 8, 2020 1:20pm | Edited 1:44pm
Quoting RieseP
{quote} Might be running out of steam {image}
That's just what the market maker wants you to think.

The market maker has to trap sellers so he can push the pair higher.
Patience, let the trade come to you.
  • #11,316
  • Apr 8, 2020 1:24pm Apr 8, 2020 1:24pm
GBP/USD 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 38 KB
Patience, let the trade come to you.
  • #11,317
  • Apr 8, 2020 1:26pm Apr 8, 2020 1:26pm
GBP/CHF 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfi-h4-tw-corp-g-c.png Size: 36 KB
Patience, let the trade come to you.
  • #11,318
  • Apr 8, 2020 1:42pm Apr 8, 2020 1:42pm
WTI oil daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: wticrude-d1-tw-corp-wti.png Size: 31 KB
Patience, let the trade come to you.
  • #11,319
  • Apr 8, 2020 1:47pm Apr 8, 2020 1:47pm
Quoting PokerChip
GBP/USD 4 hour chart update. {image}
Hey PC, do you trade through the day change and take the hit of the swap or do you hop out and back into the trade as soon as it open please?
  • #11,320
  • Apr 8, 2020 2:07pm Apr 8, 2020 2:07pm
good night
see you tomorrow
Forex can only be understood backwards, but it must be traded forwards.
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