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The Jail Break System

  • #12,821
  • Apr 28, 2020 12:46pm Apr 28, 2020 12:46pm
Quoting PokerChip
{quote} I'm going to jump in at .66620
Thanks. Would you mind saying why there exactly?
  • #12,822
  • Apr 28, 2020 12:58pm Apr 28, 2020 12:58pm
Quoting Wellington
{quote} Hi Billy - I was wondering, at what point do you decide that a trade has 'failed' ? Also, how long do you let your trades run for and do you use trailing stops or something similar to lock in profits? I know today's example isn't the best the 08:00 15 min bar broke through and went straight up, but what if it had gone up say 2 pips and then returned back to the range? Thanks pal, looking forward to your answers
Hi W,
I have a range, the range high or low triggers, i trade it.
IF price retraces and then breaks the opposite end , that is the first part i will counter and add a trade.
This is now the tricky part, My fix is usually off the 00-00 4 hour bar.
I will keep a trade over night even though it costs, it happens but not often.
Sometimes we have a break then retrace, i might just close for 1 or 2 points.
i also have retrace trades, and sometimes 2 trades lol.

Like i have said many times, as long as i have 25% on the 5th trade day, it doesn't matter if i were 30/40/50% in front earlier,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,823
  • Edited 1:19pm Apr 28, 2020 1:06pm | Edited 1:19pm
Quoting james.trades
{quote} Thanks. Would you mind saying why there exactly?
AUD/USD My exact target price is .66620
Patience, let the trade come to you.
  • #12,824
  • Apr 28, 2020 1:28pm Apr 28, 2020 1:28pm
AUD/CAD I think were at reversal point .90960
Patience, let the trade come to you.
  • #12,825
  • Apr 28, 2020 1:46pm Apr 28, 2020 1:46pm
Quoting PokerChip
AUD/CAD I think were at reversal point .90960
That makes complete sense, my problem is nothing with AUD has made sense for a while, off to .92000 we go!

On a side note Im not sure AUDUSD will go that high, if it doesn't do you plan on taking a lesser entry or will you avoid the trade?
  • #12,826
  • Apr 28, 2020 1:55pm Apr 28, 2020 1:55pm
Quoting SidneyMagal
{quote} That makes complete sense, my problem is nothing with AUD has made sense for a while, off to .92000 we go! On a side note Im not sure AUDUSD will go that high, if it doesn't do you plan on taking a lesser entry or will you avoid the trade?
My opinion , if we dont get that high in 1, max 2 days we go down.
  • #12,827
  • Apr 28, 2020 2:09pm Apr 28, 2020 2:09pm
Quoting HBN08
{quote} My opinion , if we dont get that high in 1, max 2 days we go down.
Agreed. At the same time though it may just consolidate, one thing I didn't take into account when I entered this and maybe a lot of people aren't looking at, is these recent moves aren't normal at all, If we are back to weeks of say 100-150 pip range, those that entered early myself included, are in for a loss, and what may still be a move wont look like it when compared to the last 2 months, it will be somewhere between consolidation and a minor move that hardly looks like riding out. However, are we out of this period of erratic moves? Not for me, It is something to think about though
  • #12,828
  • Edited 2:31pm Apr 28, 2020 2:16pm | Edited 2:31pm
Quoting SidneyMagal
{quote} Agreed. At the same time though it may just consolidate, one thing I didn't take into account when I entered this and maybe a lot of people aren't looking at, is these recent moves aren't normal at all, If we are back to weeks of say 100-150 pip range, those that entered early myself included, are in for a loss, and what may still be a move wont look like it when compared to the last 2 months, it will be somewhere between consolidation and a minor move that hardly looks like riding out. However, are we out of this period of erratic moves?...
And in 6 hours there are AUD red news...let's see if it is the trigger that changes direction in every AUD pair.

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  • #12,829
  • Apr 28, 2020 10:22pm Apr 28, 2020 10:22pm
Quoting PokerChip
{quote} Hello Mucky, The lower time frames are to trap traders. If you stay in the higher time frames (4 hour and daily charts) you'll be in the correct direction. The daily chart will tell you the truth. Stay safe.
HI PC,
I have read your thread to 40th page, and you use H1 Chart and find 3 cycle + reversal in this Timeframe.

Now, you are using H4 and Daily timeframe... And, i love to trade with higher timeframe.

My question :
1. How about Cycle and EMA 13,50,200,800, is it same with H1 Timeframe?
2. Would you tell me where post that you start using H4/Daily and your new indicator? So, I could learn how MM move market in higher timeframe.

Regards,
Ganc
  • #12,830
  • Apr 29, 2020 3:00am Apr 29, 2020 3:00am
Hi from the New Forest UK.
Cable 08-00. 15 minute bar break.
The low came very very close to breaking but it didn't. So no trade yet.
My adr today is 101.
Trade well all. Stay Safe.
t 09-00
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,831
  • Apr 29, 2020 3:17am Apr 29, 2020 3:17am
Cable 08-00 15 minute bar break.
The Low definitely broke for +5%. Nice.
Trade Well All.
t09-17
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,832
  • Apr 29, 2020 3:22am Apr 29, 2020 3:22am
Good morning!!
GU short 1,2464 TP 1.2380

Trade well
  • #12,833
  • Apr 29, 2020 3:31am Apr 29, 2020 3:31am
Quoting billytt
{quote} Hi W, I have a range, the range high or low triggers, i trade it. IF price retraces and then breaks the opposite end , that is the first part i will counter and add a trade. This is now the tricky part, My fix is usually off the 00-00 4 hour bar. I will keep a trade over night even though it costs, it happens but not often. Sometimes we have a break then retrace, i might just close for 1 or 2 points. i also have retrace trades, and sometimes 2 trades lol. Like i have said many times, as long as i have 25% on the 5th trade day, it doesn't...
Thanks Billy -appreciate it
  • #12,834
  • Apr 29, 2020 4:39am Apr 29, 2020 4:39am
Good morning all
Shorted gbp/usd at 1.24486...i will leave it open until Ny opens, but i think we migh go short for the day
  • #12,835
  • Apr 29, 2020 6:35am Apr 29, 2020 6:35am
Quoting HBN08
Good morning all Shorted gbp/usd at 1.24486...i will leave it open until Ny opens, but i think we migh go short for the day
Hi . I was short off the 00-00 4hour range low and took part of the daily range.(which has been made)
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,836
  • Apr 29, 2020 9:35am Apr 29, 2020 9:35am
Quoting billytt
{quote} Hi . I was short off the 00-00 4hour range low and took part of the daily range.(which has been made) Trade well.
Still selling atm
Same with eur/usd
at least for now
Cheers m8.
  • #12,837
  • Apr 29, 2020 12:07pm Apr 29, 2020 12:07pm
Is everyone ok?? Its very very quiet in here today, maybe you've all made too much money and been banned/retired.

Anyway, Ill be bust soon at this rate, so thatll be another one of us gone!

Im joking of course, I hope. But has anyone noticed AUDJPY has just filled an outstanding gap from the 6th of March, perhaps that's all it needed to do before a reversal? At this point though its genuinely pointless speculating against AUS, this great reversal everyone is expecting will likely happen in June, of 2024! For anyone that's not already tied down short, Id say get long and enjoy the next week or so on all AUD crosses
  • #12,838
  • Apr 29, 2020 1:04pm Apr 29, 2020 1:04pm
AUD/JPY

Target 72.50 ?

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  • #12,839
  • Apr 29, 2020 4:01pm Apr 29, 2020 4:01pm
Where is everyone?
Hopefully not abducted by aliens.
Still Stay Safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,840
  • Apr 29, 2020 5:23pm Apr 29, 2020 5:23pm
Quoting billytt
Where is everyone? Hopefully not abducted by aliens. Still Stay Safe.
Your too late billy.... The aliens already came
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