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The Jail Break System

  • #11,921
  • Apr 17, 2020 5:17am Apr 17, 2020 5:17am
Quoting SidneyMagal
Im probably talking to myself at this time of night, but anyway... China have announced there worst quartly gdp in history. Markets haven't reacted crazily, yet. But ive closed my GBPUSD postion entirely on the top of the 3am spike, that may come back to haunt me but USD could come on strong for a while now and present oppurtunities to re-enter the trade later or Monday. Ive increased my position on AUDUSD, JPY and CAD, my AUDCAD chart has so many entry lines I cant see anything else on the chart at this point....
If only id jumped on that reversal, I always feel like that's a hard call to make though...

Don't think ill enter any new trades today anyway, unless something really jumps out, keep discipline and if things pan out as they appear to be itll be a good week, if it doesn't theres always next week!!
  • #11,922
  • Apr 17, 2020 5:18am Apr 17, 2020 5:18am
Cable, 08-00 candle 1, low broke by 2 , i did not trade it but it was good.
BUT if it did fail i would have that black line 0 , adr area to play with to fix.
That is at its simplest and not taking into account whip, which can/does happen, but that is plan B lol.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,923
  • Apr 17, 2020 5:20am Apr 17, 2020 5:20am
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1704.png Size: 60 KB
  • #11,924
  • Apr 17, 2020 5:44am Apr 17, 2020 5:44am
Quoting prozor7
GOLD place yours bets 1714.39 breaking up TP1 1731.42 - TP2 1746.64 1709.24 breaking down TP1 1697.37 - TP2 1682.15 Edit R:R - 1:3.4 buy R:R - 1:2.4 sell
GOLD - update
exit short @ TP2
watching 1682.15 as potential long
possible spike down to 1675.44
Forex can only be understood backwards, but it must be traded forwards.
  • #11,925
  • Apr 17, 2020 5:56am Apr 17, 2020 5:56am
Quoting prozor7
{quote} GOLD - update exit short @ TP2 watching 1682.15 as potential long possible spike down to 1675.44
Attached Image (click to enlarge)
Click to Enlarge Name: gold 1704 b.png Size: 56 KB

hope it helps P
  • #11,926
  • Apr 17, 2020 6:42am Apr 17, 2020 6:42am
Quoting pamc
{quote} {image} hope it helps P
hi p,
please, can you explain on what I should pay attention

thx
Forex can only be understood backwards, but it must be traded forwards.
  • #11,927
  • Apr 17, 2020 7:03am Apr 17, 2020 7:03am
Cable, adr made
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,928
  • Apr 17, 2020 7:10am Apr 17, 2020 7:10am
Quoting billytt
Cable, adr made {image}
Meaning anything above 1.2520 now might prove to be a stretch (similarly anything below 1.2400) ?
  • #11,929
  • Apr 17, 2020 7:14am Apr 17, 2020 7:14am
Quoting billytt
Cable, 08-00 candle 1, low broke by 2 , i did not trade it but it was good. BUT if it did fail i would have that black line 0 , adr area to play with to fix. That is at its simplest and not taking into account whip, which can/does happen, but that is plan B lol. {image}
Aha, things are getting more clear now. Keep up good work mate
  • #11,930
  • Apr 17, 2020 7:17am Apr 17, 2020 7:17am
Quoting Wellington
{quote} Meaning anything above 1.2520 now might prove to be a stretch (similarly anything below 1.2400) ?
Let me explain simply if i can.
I posted earlier the range of 114 could easily be exceeded by another +100, look back 2 weeks.

The adr is not an exact measurement but is one of only a handful of averages which are ok, Daily Pivot being another. (which i do not use).

As long as the 00-00 4 hour range has not been broke the bias is short.
Because the adr has been made, we may get whip.
Yesterday i killed it when price was in the 00-00 area and the adr wasn't made or nearly made.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,931
  • Apr 17, 2020 7:19am Apr 17, 2020 7:19am
Quoting billytt
{quote} Let me explain simply if i can. I posted earlier the range of 114 could easily be exceeded by another +100, look back 2 weeks. The adr is not an exact measurement but is one of only a handful of averages which are ok, Daily Pivot being another. (which i do not use). As long as the 00-00 4 hour range has not been broke the bias is short. Because the adr has been made, we may get whip. Yesterday i killed it when price was in the 00-00 area and the adr wasn't made or nearly made.
I hear ya...just following along
  • #11,932
  • Apr 17, 2020 7:20am Apr 17, 2020 7:20am
Quoting Wellington
{quote} Meaning anything above 1.2520 now might prove to be a stretch (similarly anything below 1.2400) ?
after my last post, price could move up to next level at 12550 today or monday.

I am out of the trade until next Monday, so i don't care lol.
up or down, i just wait for my next trigger,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,933
  • Apr 17, 2020 7:23am Apr 17, 2020 7:23am
AUD is soon to be the most powerful currency in the world, BUY AUD, lots of it and buy it now, Ive been saying that all week haven't I?!
  • #11,934
  • Apr 17, 2020 7:27am Apr 17, 2020 7:27am
Quoting Wellington
{quote} Meaning anything above 1.2520 now might prove to be a stretch (similarly anything below 1.2400) ?

Also, i almost posted earlier but didn't. I am not saying after the event.
But i have posted the comment many times.
Quite often once the adr has been made especially in stocks, We have retrace .
i never ever trade this but it is documented.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,935
  • Apr 17, 2020 7:28am Apr 17, 2020 7:28am
[quote=SidneyMagal;12883347]AUD is soon to be the most powerful currency in the world, BUY AUD, lots of it and buy it now, Ive been saying that all week haven't I?!

nah, King Dollar $$$$$ until we go electronic. yaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,936
  • Apr 17, 2020 7:36am Apr 17, 2020 7:36am
Good morning everyone from the Midwest.

43 f degrees wind is 5 mph from east south east and it's raining.

I'm looking for GBP/USD to move higher today.

We will see.

Stay Safe

Trade Safe.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 46 KB
Patience, let the trade come to you.
  • #11,937
  • Apr 17, 2020 7:39am Apr 17, 2020 7:39am
NZD/JPY 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpyi-h4-tw-corp-nzd-jpy.png Size: 51 KB
Patience, let the trade come to you.
  • #11,938
  • Apr 17, 2020 7:41am Apr 17, 2020 7:41am
Quoting PokerChip
Good morning everyone from the Midwest. 43 f degrees wind is 5 mph from east south east and it's raining. I'm looking for GBP/USD to move higher today. We will see. Stay Safe Trade Safe. {image}
Hi PC. hope you family are well .
It is absolutely beating it down here with rain........
Trade well, hope your Cable request comes true.
Trade well, Stay safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,939
  • Apr 17, 2020 7:47am Apr 17, 2020 7:47am
Quoting prozor7
{quote} hi p, please, can you explain on what I should pay attention thx

Hi P, don't want to interfere with your methodology. You are doing just fine without my input. Just added that there are larger orders further below than above, as are stop loss clusters . MM have to go where the orders are. No other way around it. If there are hardly any above then it follows that it will drop to fulfill somewhat those pendings and then try to shake them out while parallel inducing more sellers to onboard prior to reversing.
  • #11,940
  • Apr 17, 2020 7:47am Apr 17, 2020 7:47am
Quoting billytt
{quote} Also, i almost posted earlier but didn't. I am not saying after the event. But i have posted the comment many times. Quite often once the adr has been made especially in stocks, We have retrace . i never ever trade this but it is documented.
Interesting - thanks
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