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The Jail Break System

  • #12,041
  • Apr 19, 2020 10:15am Apr 19, 2020 10:15am
Quoting Wellington
{quote} Thanks Billy - that's good food for thought. Hope you're having a good weekend. Sun's shining here in London
good you are ok W.
All is well here in the Forest, beautiful sun, gf isnt here though until later.
She isolating but somewhere else lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,042
  • Apr 19, 2020 10:27am Apr 19, 2020 10:27am
Quoting princiano
{quote} Same to you sir! Thank you very much for the good work you are doing here. God will richly bless you as you are a blessing to other people We appreciate you
You're welcome

Thank you.
Patience, let the trade come to you.
  • #12,043
  • Apr 19, 2020 10:41am Apr 19, 2020 10:41am
Hi PC - glad to hear you're having a nice weekend. I'm just reviewing some charts here and wondered if you could give me your thoughts on this one please - GBPCAD. As you can see, (at least from the way I'm drawing it) it doesn't necessarily seem to be following the 3 level movement. Have I made a mistake or is that just an example of when the market doesn't necessarily adhere to the 'rules'. Thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1100207_GBPCAD_2020-04-19_18-37-23.png Size: 124 KB
  • #12,044
  • Apr 19, 2020 1:19pm Apr 19, 2020 1:19pm
Quoting Wellington
Hi PC - glad to hear you're having a nice weekend. I'm just reviewing some charts here and wondered if you could give me your thoughts on this one please - GBPCAD. As you can see, (at least from the way I'm drawing it) it doesn't necessarily seem to be following the 3 level movement. Have I made a mistake or is that just an example of when the market doesn't necessarily adhere to the 'rules'. Thanks in advance {image}
Well's,
I had to go to the daily chart because it didn't conform to the 4 hour chart.

Anyway, I have GBP/CAD still at the 3rd level.

It might retrace back to 1.74900 then move up after that.

Stay Safe.

Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadi-d1-tw-corp-g-c-2.png Size: 47 KB
Patience, let the trade come to you.
  • #12,045
  • Apr 19, 2020 10:43pm Apr 19, 2020 10:43pm
Morning all from the Forest. Hope all is well.
Cable, 00-00 4 hour bar break.

Range is 19, low broke and i am/was short. My adr today is 129.
Chart copied a few minutes ago
Attached Image

If price keeps dropping, te adr low area is 12370.
t 06-43

I had a big lot looking for 5% which i gained and my second small lot trade is running.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,046
  • Apr 19, 2020 10:48pm Apr 19, 2020 10:48pm
Cable, chart copies at 06-44
Attached Image


If price moves up, the adr area high is 12580.
adr area high/low will be adjusted as price moves, as it has already.
Trade well all, Stay Safe.
t 06-48
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,047
  • Apr 19, 2020 10:57pm Apr 19, 2020 10:57pm
Quoting billytt
Morning all from the Forest. Hope all is well.
morning b, was it nice weekend?

morning to all

what is the story with Ron, how did he become commercial member?
Forex can only be understood backwards, but it must be traded forwards.
  • #12,048
  • Apr 19, 2020 11:10pm Apr 19, 2020 11:10pm
Quoting billytt
Morning all from the Forest. Hope all is well. Cable, 00-00 4 hour bar break. Range is 19, low broke and i am/was short. My adr today is 129. Chart copied a few minutes ago {image} If price keeps dropping, te adr low area is 12370. t 06-43 I had a big lot looking for 5% which i gained and my second small lot trade is running.
Billy,

what time did you take the short, please?

Mine broke at 3.38 pm NZ time, which is 4.38 am UK time.

Are you up that early or do you use an EA?
  • #12,049
  • Apr 19, 2020 11:20pm Apr 19, 2020 11:20pm
Quoting prozor7
{quote} morning b, was it nice weekend? morning to all what is the story with Ron, how did he become commercial member?
Hi P, Hope you are well, all ok here and gf back later.
Ron, i have no idea what happened but i believe it started off from someone having a go at him in another thread.
Trade well . Stay Safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,050
  • Apr 19, 2020 11:29pm Apr 19, 2020 11:29pm
Quoting ikdenk
{quote} Billy, what time did you take the short, please? Mine broke at 3.38 pm NZ time, which is 4.38 am UK time. Are you up that early or do you use an EA?
Hi IK, hope you are well.
Price broke the low at 04-36 am or 04-35 am. UK Time.
It broke then retraced up before dropping again.

I am normally up that early but not today,
It was more opportunist trades lol.
Trading is work, so i get up to do it. (today i was lazy, what ever happened, if i had traded at very first break 04-35/36 am it still would of been good. yaaaaaay

a few years ago i would only trade this bar to fix a bad trade, otherwise i slept , but would =trade off the 04-00 to 08-00 bar A/U.
Hope this helps.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,051
  • Apr 20, 2020 12:03am Apr 20, 2020 12:03am
Cable.
I will be trading off this 08-00 15 minute bar, assuming the range isn't too big.
t 08-03
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,052
  • Apr 20, 2020 12:47am Apr 20, 2020 12:47am
cable, 08-00 15 minute bar break.
Low broke and it failed. It happens.
we had retrace for the High to break.
I went long and got + 5%.
I have a counter running at -15. the actual 08-00 range was 13 but I adjusted manually to 15.
Now I can play.
trade well all.
t 08-47
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,053
  • Apr 20, 2020 12:49am Apr 20, 2020 12:49am
Quoting billytt
cable, 08-00 15 minute bar break. Low broke and it failed. It happens. we had retrace for the High to break. I went long and got + 5%. I have a counter running at -15. the actual 08-00 range was 13 but I adjusted manually to 15. Now I can play. trade well all. t 08-47
Morning Billy - play well my friend
  • #12,054
  • Apr 20, 2020 12:49am Apr 20, 2020 12:49am
oops, I meant to say.
daily range so far is 51, and the adr is 114, we have on paper 63 points to play with.
t 08-49
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,055
  • Apr 20, 2020 12:49am Apr 20, 2020 12:49am
Quoting Wellington
{quote} Morning Billy - play well my friend
Thanks w, trade well, stay Safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,056
  • Apr 20, 2020 1:27am Apr 20, 2020 1:27am
EURNZD
potential down to 1.77797

support lines are form 1.80050 - 1.77797
1.79292 H4 - D1
1.78455 H4 - W1
1.77797 D1 - MN
Forex can only be understood backwards, but it must be traded forwards.
  • #12,057
  • Apr 20, 2020 2:04am Apr 20, 2020 2:04am
GBPAUD
potential down to 1.94399
price should not break 1.95734 for down move
Forex can only be understood backwards, but it must be traded forwards.
  • #12,058
  • Apr 20, 2020 2:07am Apr 20, 2020 2:07am
GBPUSD
1.24818 above buy TP 1.25464 - 1.26911

1.24607 below sell TP 1.24017 - 1.22724
Forex can only be understood backwards, but it must be traded forwards.
  • #12,059
  • Apr 20, 2020 3:18am Apr 20, 2020 3:18am
Cable, 08-00 15 minute bar break.
the low broke and failed, High then broke for my +5% and I added a counter which got me a couple of points to take away from my - 15 trade.
I also hit the 08-00 2 hour bar high long , and Billy is happy.
t 11-18
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,060
  • Apr 20, 2020 3:36am Apr 20, 2020 3:36am
Quoting billytt
Cable, 08-00 15 minute bar break. the low broke and failed, High then broke for my +5% and I added a counter which got me a couple of points to take away from my - 15 trade. I also hit the 08-00 2 hour bar high long , and Billy is happy. t 11-18
Good morning Billy,
what is your low after the low break ?
on my chart its 1.24331
my 08-00 15 low is 1.24445

... maybe I did something wrong :-)
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