The Jail Break System | Page 181 | Forex Factory

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The Jail Break System

  • #3,601
  • Jan 3, 2020 10:54am Jan 3, 2020 10:54am
Quoting Vowwow
{quote} glad to hear about your gc trade- might go all the way down to 1.69, but I think you just wanted to get rid n be out of it after waiting a while all the best
Hello Vowwow,
You're correct I wanted out of the trade.

That trade was the worst trade I made in 2019, and it happened to be my last trade in 2019.

At one point I was down 654 pips.

Risk management goes out the window when I trade. If you have margin power you can hang with any " MM ".

Poker Chip
Patience, let the trade come to you.
  • #3,602
  • Jan 3, 2020 11:58am Jan 3, 2020 11:58am
Quoting PokerChip
Note: Everyone please try this as soon as you can on any pair. My last trade of the year made me start thinking about something. Here's what I came up with. If you count the pips from the reversal to the 1st level, I you multiple that by (4) and that should give you just about the total amount of pips in the trade. I know this is going to sound nuts but for the last 2-3 months I've been counting the pips after the reversal on pairs to the 1st level. Like on my GBP/CAD trade. From the reversal to the 1st level was 477 pips. From reversal to reversal...
This is a new perspective- will keep a watch on that calculation when taking trades
  • #3,603
  • Edited 12:50pm Jan 3, 2020 12:24pm | Edited 12:50pm
Hello Poker Chip,

if the system works on all time frames,
must be in the currency pair GBP-USD in Timeframe H4
1.level is 229 points would be 4x229 points
down 916 points in total.
Lowest level would then be 1.2366
Am I right?

Greetings Ritter3
  • #3,604
  • Jan 3, 2020 5:01pm Jan 3, 2020 5:01pm
Hi Poker.First wish you all the money you can carry this year.My EURGBP view
Attached Image (click to enlarge)
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  • #3,605
  • Jan 4, 2020 11:42am Jan 4, 2020 11:42am
Quoting Jao90
Hi Poker.First wish you all the money you can carry this year.My EURGBP view{image}
Jao90,
Happy New Year to you and yours ! Thank you very much. Thank you for the post. Stay warm, and keep posting on here. I'll be back Monday morning.

Poker Chip
Patience, let the trade come to you.
  • #3,606
  • Jan 4, 2020 12:12pm Jan 4, 2020 12:12pm
EUR/USD daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdi-d1-tw-corp-eur-usd-daily-chart-2.png Size: 51 KB
Patience, let the trade come to you.
  • #3,607
  • Edited 12:34pm Jan 4, 2020 12:22pm | Edited 12:34pm
USD/CHF daily chart

You'll know where he's going even before he gets there.

The road map.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfi-d1-tw-corp-usd-chf-daily-chart.png Size: 49 KB
Patience, let the trade come to you.
  • #3,608
  • Jan 4, 2020 7:05pm Jan 4, 2020 7:05pm
Quoting PokerChip
USD/CHF daily chart You'll know where he's going even before he gets there. The road map. {image}
nice EU and UChf charts and analysis
let see what the week brings
  • #3,609
  • Jan 4, 2020 7:19pm Jan 4, 2020 7:19pm
Quoting Vowwow
{quote} nice EU and UChf charts and analysis let see what the week brings
It change's everything.
Patience, let the trade come to you.
  • #3,610
  • Jan 5, 2020 6:35am Jan 5, 2020 6:35am
Quoting PokerChip
Hello everyone, I hope everyone had a safe and great new year celebration. I want to welcome any new traders here and if you have any questions let me know. I'm here to help. Note: Just so every trader knows, when I post a new chart I'm already in the trade. I'm going to try and be a buyer and seller this year, will see how it goes. Last year I was a seller 99% of the time. I just closed my GBP/CAD this morning at 1.6991, what a roller coaster. Not a fun ride, a lot of sleepless nights. Nice profit though. I want to wish everyone good luck in trading...
Hi Poker, first,,,, if you see me post elsewhere, I am not, nor ever will be referring to you or people here in your great thread.. I always feel better shorting as it is human nature to see things fall, as in a boxer knocking another down etc. Money Management, you want to see mine lol. On paper I could never ever trade, I go against everything we are taught lol.
You obviously can trade and you know your limits, my question is, you say you were 600 points plus negative, ( I counter) question is. IF you had closed the losing trade earlier, would you not of made more money if you had traded something else? Hope you understand that. AND I ask sincerely as I am not an ass h. Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,611
  • Jan 5, 2020 6:37am Jan 5, 2020 6:37am
Speaking shorting. I hate to short Dax but actually always prefer to long.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,612
  • Edited 12:19pm Jan 5, 2020 12:09pm | Edited 12:19pm
Hello Traders, Ledges, Squads,

Thank you for all the wishes and messages.

I’m sure you guys had a wonderful Christmas and
Happy New Year.

Wishing you all more green pips ahead and yes let’s pile the pips together in 2020.

See you guys soon.

Cheers.
10% buy 10% sell 80% waiting
  • #3,613
  • Jan 5, 2020 12:22pm Jan 5, 2020 12:22pm
There will be lots of trade opportunities and market will be back to normal starting tomorrow. Long holidays are over and yes it’s about time to let’s make some
10% buy 10% sell 80% waiting
  • #3,614
  • Jan 5, 2020 1:15pm Jan 5, 2020 1:15pm
Happy healthy and wealthy New Year to everybody...
  • #3,615
  • Jan 5, 2020 6:13pm Jan 5, 2020 6:13pm
Quoting billytt
{quote} Hi Poker, first,,,, if you see me post elsewhere, I am not, nor ever will be referring to you or people here in your great thread.. I always feel better shorting as it is human nature to see things fall, as in a boxer knocking another down etc. Money Management, you want to see mine lol. On paper I could never ever trade, I go against everything we are taught lol. You obviously can trade and you know your limits, my question is, you say you were 600 points plus negative, ( I counter) question is. IF you had closed the losing trade...
Billytt,
That's a good question, " if I had closed the trade earlier ".
In my early days of trading I didn't know about the market minipulation as I do now. I only thought it was buyers vs sellers and vice a versa. And if it was the early days I would have closed this trade. But the early days are gone and I have a higher margin level but when I went down 600 pips, then 650 I thought my margin was not going to hold up if this climbing continued. I was down 654 at one point and then GBP/CAD started to fall after it gapped up the day before. Right then I told myself if I get out of this trade I'm going to double my margin. I was trading 6 lots, I bought 2 lots in the beginning thinking that the pair was about to reverse and then I bought 2 more lots because I was convinced the pair was exhausted and I was wrong again. I waited and thought to myself how many times can I be wrong in one trade ? and I bought 2 more lots. Then my trade went to hell in a hurry when it gapped up and then I figured out that I had about 3 days of margin left at this pace. It hit 1.7790 and then it started to fall hard then slowly fall the rest of the day. The next day it rocketed back up and then dropped back down and the following day it was dropping quickly and then I finally was in profit in all 3 trades. That was my worst trade I made in 2019. You live and hopefully learn.
Patience, let the trade come to you.
  • #3,616
  • Jan 6, 2020 1:21am Jan 6, 2020 1:21am
Quoting PokerChip
{quote} Billytt, That's a good question, " if I had closed the trade earlier ". In my early days of trading I didn't know about the market minipulation as I do now. I only thought it was buyers vs sellers and vice a versa. And if it was the early days I would have closed this trade. But the early days are gone and I have a higher margin level but when I went down 600 pips, then 650 I thought my margin was not going to hold up if this climbing continued. I was down 654 at one point and then GBP/CAD started to fall after it gapped up the day before....
Hi Poker, thanks for the reply.... I know people who would of done the same thing as you and I cannot fault it.
I will explain for others,
If I make 25% in one week (bar Christmas period ) if I have a bad trade and I carry it for 5 days ,I am still negative and if/when it wins I make my usual 5%, (sometimes more). if I had closed bad trade or made counter and carried on my normal trading, I would make 25%.
Hope you/anyone follows.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,617
  • Jan 6, 2020 1:23am Jan 6, 2020 1:23am
Cable..... I am short off the 00-00 4 hour bar. UK Time. Range = 16 and adr 105, with a secondary daily range of 92.
Dax and ftse, nothing doing yet.
I want dax to move up.
Trade well all.
t 07-22
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,618
  • Jan 6, 2020 6:04am Jan 6, 2020 6:04am
Hello everyone.

Hello guys,

I have place some new orders for the following pairs below.

Long NZDCAD at 0.86513. Target at 0.86900.

Long NZDJPY at 72.089. Target at 72.400.

Long NZDUSD at 0.66632. Target at 0.70000.

Long GBPCAD at 1.70672. Target at 1.71000.

Long GBPJPY at 142.171. Target at 142.500.

Long CADJPY at 83.315. Target at 83.700.

Long EURJPY at 121.039. Target at 121.400.

Long EURCAD at 1.45354. Target at 1.45700.

Edit: Pls trade and manage your own risks. I have also change my new style of managing my own trades.

Cheers and green pips.
10% buy 10% sell 80% waiting
  • #3,619
  • Jan 6, 2020 6:14am Jan 6, 2020 6:14am
Hello guys.

Long AUDJPY at 76.135. Target at 75.500.

Long USDJPY at 108.026. Target at 108.400.

Short EURNZD at 1.67723. Target at 1.67300.

Cheers and green pips.
10% buy 10% sell 80% waiting
  • #3,620
  • Jan 6, 2020 6:25am Jan 6, 2020 6:25am
Pls trade with care because there is too much too much risk factors in the market. US-IRAN tension is also one of them that will also affect Crude Oil, S&P500 and Gold ( XAUUSD) prices.

Good luck and trade well and see you guys around.
10% buy 10% sell 80% waiting
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