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The Jail Break System

  • #921
  • Edited 6:40pm Nov 4, 2019 5:42pm | Edited 6:40pm
AUD/CAD update, I have doubled down on this pair since the " MM " ran a fake move up. This is one trade that I couldn't pass it up.

Looking at this chart which has a good teaching lesson.

The " MM " runs this pair up 22 pips one hour after the change of shift at the trading desk.

They pull in all of these unsuspecting buy traders, and in a few hours they will be closing out their trades and saying what happened. It was going up then it just stopped.

Welcome to forex trading 101.

Note: When you look at any forex chart always remember the opposite is going to happen, that's the problem because you just don't know when.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-h1-coinexx-inc-aud-cad-2.png Size: 36 KB
Patience, let the trade come to you.
  • #922
  • Nov 4, 2019 7:24pm Nov 4, 2019 7:24pm
Quoting PokerChip
AUD/CAD update, I have doubled down on this pair since the " MM " ran a fake move up. This is one trade that I couldn't pass it up. Looking at this chart which has a good teaching lesson. The " MM " runs this pair up 22 pips one hour after the change of shift at the trading desk. They pull in all of these unsuspecting buy traders, and in a few hours they will be closing out their trades and saying what happened. It was going up then it just stopped. Welcome to forex trading 101. Note: When you look at any forex chart always remember the opposite...
I managed to set a limit sell right at the peak of that green monster before leaving work today. This is the only method I'll ever trade. I just have to get better at spotting those levels in one glance. Practice makes perfect.
  • #923
  • Nov 4, 2019 7:27pm Nov 4, 2019 7:27pm
GBP/CAD update. I think this pair is going to reverse soon. I might be wrong but lately the trend has been to reverse at the 3rd level.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadi-h1-tw-corp-gbp-cad.png Size: 41 KB
Patience, let the trade come to you.
  • #924
  • Nov 4, 2019 11:20pm Nov 4, 2019 11:20pm
Good day!
I already closed my profit for GBP/CAD in nice 40pips profit!

I did enter AUD/CAD before the big green candle but I hope I see some trapping movement from MM so still holding!!
  • #925
  • Nov 5, 2019 12:21am Nov 5, 2019 12:21am
Good morning all from wonderful Riga.
  • #926
  • Nov 5, 2019 1:20am Nov 5, 2019 1:20am
[quote=PokerChip;12490136]This is a forex system " The Jail Break System " that I started working on in June of 2010 after losing exactly $330,000 dollars from multiple forex accounts that begin in 2008. I reloaded my 3 accounts several times until my wife told me if I reload my accounts again she would leave me. Right then I started looking for a better way to trade forex. In 2008 I thought I knew enough to make a profit daily in forex. Little did I know I knew nothing about how to trade foreign currency. I burned through $330,000 in 17 months.

Hi Poker, what a wonderful thread you have started.
Box breakout/consolidation breakout is very old and a very good method.
You have some very good contributors posting with good knowledge.
Keep it up.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #927
  • Nov 5, 2019 2:49am Nov 5, 2019 2:49am
Good afternoon all...
Time to pile the pips.


Greeting Singapore.
Ron.
10% buy 10% sell 80% waiting
  • #928
  • Edited 4:28am Nov 5, 2019 3:21am | Edited 4:28am
EURUSD and USDJPY


EURUSD - I have entered long at this price 1.11200.

USDJPY - I have entered short at this price 108.750.

109.000 major resistance is near.. if it’s breaks up and close above then probably I will manually closed my trades for USDJPY.

1.11000 Support is near for EURUSD.
Might retest that area again.

Let see where the price goes.


Cheers.
Ron.
10% buy 10% sell 80% waiting
  • #929
  • Nov 5, 2019 4:22am Nov 5, 2019 4:22am
Hi guys,

Try not to trade during December month.. as in market has thin liquidity.. so best is to stay away from trading.. go for long holidays... I will stop trading by end of the month.. every year this time is the same.. you can trade unless you know what you’re doing..
10% buy 10% sell 80% waiting
  • #930
  • Nov 5, 2019 5:16am Nov 5, 2019 5:16am
Hi traders,

I have entered long GBPUSD at price 1.29000 and leaving it for 3 level up.

I could be wrong but let’s see the moves.

First target - 1.29750.
Second target - 1.30000.

Cheers.
Ron.
10% buy 10% sell 80% waiting
  • #931
  • Nov 5, 2019 5:40am Nov 5, 2019 5:40am
Quoting TraderR0N
Hi traders, I have entered long GBPUSD at price 1.29000 and leaving it for 3 level up. I could be wrong but let’s see the moves. First target - 1.29750. Second target - 1.30000. Cheers. Ron.
with u n that mate. note the large SL's on that peak
Attached Image (click to enlarge)
Click to Enlarge Name: GU BUY 051119.png Size: 120 KB
  • #932
  • Nov 5, 2019 6:19am Nov 5, 2019 6:19am


AUDUSD

AUDUSD have again rejected the 0.69150 area..

I have sold this pair at 0.69150 and leaving it for 3 level down.

Let see what happen..


First target - 0.68600.
Second target - 0.68300.

10% buy 10% sell 80% waiting
  • #933
  • Nov 5, 2019 6:23am Nov 5, 2019 6:23am
Brb after my late dinner..
10% buy 10% sell 80% waiting
  • #934
  • Nov 5, 2019 6:27am Nov 5, 2019 6:27am
Quoting billytt
Quoting PokerChip
This is a forex system " The Jail Break System " that I started working on in June of 2010 after losing exactly $330,000 dollars from multiple forex accounts that begin in 2008. I reloaded my 3 accounts several times until my wife told me if I reload my accounts again she would leave me. Right then I started looking for a better way to trade forex. In 2008 I thought I knew enough to make a profit daily in forex. Little did I know I knew nothing about how to trade foreign currency. I burned through $330,000 in 17 months.
...
Thank you sir. Hopefully we keep the thread going.
Patience, let the trade come to you.
  • #935
  • Nov 5, 2019 6:30am Nov 5, 2019 6:30am
Quoting TraderR0N
AUDUSD AUDUSD have again rejected the 0.69150 area.. I have sold this pair at 0.69150 and leaving it for 3 level down. Let see what happen.. First target - 0.68600. Second target - 0.68300.
I'm stuck and down in AUD/CAD, horrible trade.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-h1-coinexx-inc-aud-cad.png Size: 37 KB
Patience, let the trade come to you.
  • #936
  • Nov 5, 2019 6:33am Nov 5, 2019 6:33am
EUR/CAD update.
Good morning Trader Ron and PAMC.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad-h1-coinexx-inc-eur-cad.png Size: 34 KB
Patience, let the trade come to you.
  • #937
  • Nov 5, 2019 6:39am Nov 5, 2019 6:39am
Quoting PokerChip
{quote} I'm stuck and down in AUD/CAD, horrible trade. {image}
Hi mate,

Eating half way and messaging here.. haha..

Ok for AUDCAD might retest 0.90990 or it will come straight down. I have no more CAD pairs.. and becareful of CAD red news later on. Secured it with profits or at least secured with 1 pip for your EURCAD. And re-enter again when price allow.. I will sell the rallies for EURCAD and AUDCAD.

EURCAD and AUDCAD might pullback before trend resumes to the downside. Let’s see..

brb continue with my dinner..
10% buy 10% sell 80% waiting
  • #938
  • Nov 5, 2019 6:40am Nov 5, 2019 6:40am
Quoting PokerChip
EUR/CAD update. Good morning Trader Ron and PAMC. {image}
Hi Poker. 1 good 1 bad......so far, keep the faith bud
  • #939
  • Nov 5, 2019 6:53am Nov 5, 2019 6:53am
Quoting TraderR0N
{quote} Hi mate, Eating half way and messaging here.. haha.. Ok for AUDCAD might retest 0.90990 or it will come straight down. I have no more CAD pairs.. and becareful of CAD red news later on. Secured it with profits or at least secured with 1 pip for your EURCAD. And re-enter again when price allow.. I will sell the rallies for EURCAD and AUDCAD. EURCAD and AUDCAD might pullback before trend resumes to the downside. Let’s see.. brb continue with my dinner..
Okay, thanks Trader Ron.
Patience, let the trade come to you.
  • #940
  • Nov 5, 2019 6:54am Nov 5, 2019 6:54am
Quoting pamc
{quote} Hi Poker. 1 good 1 bad......so far, keep the faith bud
Ha, yep bad trade. It fooled me.
Patience, let the trade come to you.
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