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The Jail Break System

  • #15,161
  • Sep 6, 2021 6:53am Sep 6, 2021 6:53am
Quoting dag0295
Many thanks PokerChip for the information. I have experienced some good profits trading on pivot points in the past but the problem with them is entry point. Sometimes they have dragged me away to a point of making large losses. I have reproduced your approach and design support and resistance lines using Fibonacci cluster. In addition I also have adjusted manually the line using H4, D, W chart. When you say software what are you referring to? So far entry positions have been my problem. The main reason I believe was that I was using the small time...
You're welcome, I think you'll have success if you trade the major currencies, they seem to trade more honest than the others. I don't know if honest is the right word,

in forex trading, lol.
Patience, let the trade come to you.
  • #15,162
  • Sep 6, 2021 12:10pm Sep 6, 2021 12:10pm
NZD/JPY 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy-h4-fx-glory-group-b.png Size: 94 KB
Patience, let the trade come to you.
  • #15,163
  • Sep 6, 2021 2:26pm Sep 6, 2021 2:26pm
Hi again,
just a little question, and how long will you keep a position open? Sometimes on a 4H chart things can go very slowly. For instance today I opened a position selling GBPCHF and it went fine but not as far as 20 pips. Finally it made about £ 160 and I decided to close it at 8 pm London time.

Thanks
  • #15,164
  • Sep 6, 2021 3:08pm Sep 6, 2021 3:08pm
Quoting dag0295
Hi again, just a little question, and how long will you keep a position open? Sometimes on a 4H chart things can go very slowly. For instance today I opened a position selling GBPCHF and it went fine but not as far as 20 pips. Finally it made about £ 160 and I decided to close it at 8 pm London time. Thanks
I look for 20 pips myself. If it blows through the 20 pips I'll keep the trade open.

If it struggles to get 10 pips I'll close the trade.

This all on the 4 hour chart.

I just don't trust a trade when I see it struggling.
Patience, let the trade come to you.
  • #15,165
  • Sep 6, 2021 4:52pm Sep 6, 2021 4:52pm
Weekly GBP/USD chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-w1-fx-glory-group-a.png Size: 103 KB
Patience, let the trade come to you.
  • #15,166
  • Sep 7, 2021 6:05am Sep 7, 2021 6:05am
GBP/USD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-fx-glory-group-a.png Size: 112 KB
Patience, let the trade come to you.
  • #15,167
  • Sep 7, 2021 7:07am Sep 7, 2021 7:07am
USD/CAD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-h4-fx-glory-group-b.png Size: 95 KB
Patience, let the trade come to you.
  • #15,168
  • Sep 7, 2021 7:12am Sep 7, 2021 7:12am
Gbpaud I have also just shorted Pockerchip
  • #15,169
  • Sep 7, 2021 7:23am Sep 7, 2021 7:23am
Quoting Houtbay
Gbpaud I have also just shorted Pockerchip
Excellent
Patience, let the trade come to you.
  • #15,170
  • Sep 7, 2021 7:23am Sep 7, 2021 7:23am
EUR/USD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fx-glory-group-c.png Size: 81 KB
Patience, let the trade come to you.
  • #15,171
  • Sep 7, 2021 7:25am Sep 7, 2021 7:25am
AUS/USD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4-fx-glory-group-d.png Size: 74 KB
Patience, let the trade come to you.
  • #15,172
  • Sep 7, 2021 7:27am Sep 7, 2021 7:27am
Yes I’m already in Eurusd and cadusd. What is tour take on Gold
  • #15,173
  • Sep 7, 2021 7:32am Sep 7, 2021 7:32am
I have shorted gold
  • #15,174
  • Sep 7, 2021 7:34am Sep 7, 2021 7:34am
Audusd I am also going to short
  • #15,175
  • Sep 7, 2021 7:35am Sep 7, 2021 7:35am
Gold 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gold-h4-fx-glory-group-e.png Size: 97 KB
Patience, let the trade come to you.
  • #15,176
  • Sep 7, 2021 7:42am Sep 7, 2021 7:42am
I’ve really learnt a lot from your wisdom, however I don’t use your charts. Hope you are well.
  • #15,177
  • Sep 7, 2021 7:58am Sep 7, 2021 7:58am
Quoting Houtbay
I’ve really learnt a lot from your wisdom, however I don’t use your charts. Hope you are well.
Lol, thank you sir.

You have to use the charts that you are the most comfortable with, the ones that let you see around the corner a bit.
Patience, let the trade come to you.
  • #15,178
  • Sep 7, 2021 8:07am Sep 7, 2021 8:07am
Eurchf I am looking to short. Looks like a nice set up. What do you think
  • #15,179
  • Sep 7, 2021 8:13am Sep 7, 2021 8:13am
Quoting Houtbay
Eurchf I am looking to short. Looks like a nice set up. What do you think
Let me take a look at it.
Patience, let the trade come to you.
  • #15,180
  • Sep 7, 2021 8:17am Sep 7, 2021 8:17am
EUR/CHF 4 hour chart.

It could continue to drop now, or move up 30 pips then drop.

That's what I see.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h4-fx-glory-group-g.png Size: 93 KB
Patience, let the trade come to you.
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