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The Jail Break System

  • #4,481
  • Jan 21, 2020 5:15am Jan 21, 2020 5:15am
Quoting TraderR0N
{quote} Good morning PokerChip.
Good morning Trader Ron.

Hopefully you got some sleep.
Patience, let the trade come to you.
  • #4,482
  • Jan 21, 2020 5:26am Jan 21, 2020 5:26am
Quoting TraderR0N
{quote} Hi Prozor7, I have my profits locked at 1 pip when in profits at 20 pips. Still don’t know whether will hit my targets till it is all closed. Ha ha..
20 pips ha ha ha ha "prostate problem" can't hold that much

as analyst I think that I'm really, really good but as trader I suck big time. can't stay in trading, rule No 5 (don't panic) killing me.

I'm not loosing money but I'm not making any so to compare last year I spend 240 trading days and result is = 0
when I analyze my trading for a last year: if I stay in for @ least a few hours or 20 pips my profit would be much much more. worst result was 76% correct analysis
for example
EURJPY potential long @ 121.899 - 121.670
AUDUSD sell @ 0.68738 - 0.68785
EURUSD, USDCHF GBPNZD, GBPCAD ...... etc

I pass all trades, become frustrated and with an tear in my eye just passive observe how my targets was great and I wasn't do anything.

so I'm asking for a help not just from you, from all of the community.
I can control smoking (advice for you don't quit, take a break. that solve all my smoking habits now I can smoke whenever I want and break for as long as I want. PM me for details) but I can't control freezing or panic in trading.

open for ideas and sugestions

thx to all
pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #4,483
  • Jan 21, 2020 5:33am Jan 21, 2020 5:33am
Quoting PokerChip
{quote} Good morning Trader Ron. Hopefully you got some sleep.
Hi Poker....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,484
  • Jan 21, 2020 5:38am Jan 21, 2020 5:38am
Quoting prozor7
{quote} 20 pips ha ha ha ha "prostate problem" can't hold that much as analyst I think that I'm really, really good but as trader I suck big time. can't stay in trading, rule No 5 (don't panic) killing me. I'm not loosing money but I'm not making any so to compare last year I spend 240 trading days and result is = 0 when I analyze my trading for a last year: if I stay in for @ least a few hours or 20 pips my profit would be much much more. worst result was 76% correct analysis for example EURJPY...
Good morning Prozor7,
You say you can't stay in trading.

I think the reason might be is that you had a system that worked for you.

With the jail break system it will teach you wait until the reversal has happened then you place your entry.

This system teaches you patience which I think in the long run will help you relax and enjoy trading.

If your on the edge of your seat all the time trading you can't make good trades, the confidence just isn't there.

I hope you will build some charts and post them here so we can take a look at them so we can see what you see.

Thanks,

Poker Chip
Patience, let the trade come to you.
  • #4,485
  • Jan 21, 2020 5:39am Jan 21, 2020 5:39am
Quoting billytt
{quote} Hi Poker....
Good morning Billytt,


Hopefully all is well with you and the right knee.
Patience, let the trade come to you.
  • #4,486
  • Jan 21, 2020 5:44am Jan 21, 2020 5:44am
USD/CAD daily chart update.

Nine days at the 1st level, I look for this pair to start moving at any time now.

My entry was 1.30475

My take profit is at 1.32800
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadi-d1-tw-corp-usd-cad-daily-chart.png Size: 52 KB
Patience, let the trade come to you.
  • #4,487
  • Jan 21, 2020 5:50am Jan 21, 2020 5:50am
Quoting PokerChip
{quote} Nice chart, it looks like you have the jail break system figured out. That didn't take long, ha ha. Good morning Yieldplay, and everyone.
Morning PokerChip, not at all, I'm still very much trying to figure out how to enter, taking the time to go through the material and trade less

Thanks again for the material and patience!
  • #4,488
  • Jan 21, 2020 5:54am Jan 21, 2020 5:54am
Quoting yieldplay
{quote} Morning PokerChip, not at all, I'm still very much trying to figure out how to enter, taking the time to go through the material and trade less Thanks again for the material and patience!
Using the daily chart for direction, you can drop down to the 4 hour or 1 hour chart and make the entry.

It takes time but you'll get there.

Patience and timing.
Patience, let the trade come to you.
  • #4,489
  • Jan 21, 2020 5:57am Jan 21, 2020 5:57am
EUR/NZD daily chart update.

It's been at the 1st level for 12 days now.

My entry was 1.6725
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdi-d1-tw-corp-eur-nzd-daily-chart.png Size: 54 KB
Patience, let the trade come to you.
  • #4,490
  • Jan 21, 2020 6:20am Jan 21, 2020 6:20am
Quoting PokerChip
{quote} Good morning Prozor7, You say you can't stay in trading.....
morning PC
thx for trying to help.

here is what was my last post about EURUSD
"I see drop down to 1.10676
price find support on 1.10917 and it could go up to 1.11141 - 1.11285 than down I hope "

when you look HOD was 1.11180 that is 4 pips from my target than price going down
1.11112 if hold price should go up to 1.11285

here is H1 chart EURUSD and as you can see on daily fibo from 0% up to 50% than down to 23% than up to week 38% than it stuck in range trying to find support in previous resistance lines

this is my analysis and I didn't take any trade
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,491
  • Jan 21, 2020 6:23am Jan 21, 2020 6:23am
Quoting PokerChip
{quote} Good morning Billytt, Hopefully all is well with you and the right knee.
Thanks Mr P. right knee hurts now and again, or I mean really really hurts lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,492
  • Jan 21, 2020 6:40am Jan 21, 2020 6:40am
example No2 post from this morning:
"what do you think about shorting on D1
GBPCAD @ 1.70477 TP 1.68517 - 1.68175 "

situation now on H1 chart
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,493
  • Jan 21, 2020 6:43am Jan 21, 2020 6:43am
Quoting prozor7
{quote} morning PC thx for trying to help. here is what was my last post about EURUSD "I see drop down to 1.10676 price find support on 1.10917 and it could go up to 1.11141 - 1.11285 than down I hope " when you look HOD was 1.11180 that is 4 pips from my target than price going down 1.11112 if hold price should go up to 1.11285 here is H1 chart EURUSD and as you can see on daily fibo from 0% up to 50% than down to 23% than up to week 38% than it stuck in range trying...
Okay, I understand.

The jail break system is this: buyers and sellers and the market maker (aka) " MM "

Now, no pair is going anywhere until the " MM " has enough buyers or sellers trapped.

That's why you see pairs going sideways because the " MM " doesn't have enough traders trapped.

And that's why you see pairs stalled at the 1st level for 7-10 days on the daily chart, the pair moves but in a tight range.

The " MM " only makes a profit when he makes a retail trader close his trade, that's why you see all of these stop hunts.

When we see a reversal the " MM " has run out of traders to trap so the " MM " reverses the pair and takes the pair the other direction.

The jail break system will track and trade right with the " MM ", and that's why you see these ranges of 40-70 pips so the " MM "
can catch you trading the wrong direction.

I hope this helps you see your entry.
Patience, let the trade come to you.
  • #4,494
  • Jan 21, 2020 7:00am Jan 21, 2020 7:00am
Quoting prozor7
example No2 post from this morning: "what do you think about shorting on D1 GBPCAD @ 1.70477 TP 1.68517 - 1.68175 " situation now on H1 chart {image}
Here's what I see of the GBP/CAD on the daily chart.

It dropped 782 pips to the bottom of the 1st level.

If you look to the left before it reversed it dropped 1909 pips.

If you look at the weekly chart and the monthly chart this pair is on the downtrend.

Can it turn and start moving up maybe, but why has it been in a downtrend since 1-1-2016 ?

It trades in a range of about 1600 pips since then, and right now its about 657 pips and moving down
so you have about 900 pips before it reverses again and moves up.

I would sell this pair, while its in the blue box.

When I starting typing this it had already started dropping, I need to type faster, haha.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadi-d1-tw-corp-gbp-cad-daily-chart.png Size: 46 KB
Patience, let the trade come to you.
  • #4,495
  • Jan 21, 2020 7:01am Jan 21, 2020 7:01am
good and bad example No3:
trade that I did take
good
XAUUSD sell @ 1554 TP 1545 (price went down to 1546)

bad
closed @ 1553

why I don't have clue it was like ... can't even describe (great car awful driver)
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 10 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #4,496
  • Jan 21, 2020 7:05am Jan 21, 2020 7:05am
Quoting prozor7
good and bad example No3: trade that I did take good XAUUSD sell @ 1554 TP 1545 (price went down to 1546) bad closed @ 1553 why I don't have clue it was like ... can't even describe (great car awful driver) {image}
It takes time to become a average trader.

It takes years to be good trader.

Patience is the key, you decide when to pull the trigger.

Don't let the " MM " choose when you trade.
Patience, let the trade come to you.
  • #4,497
  • Jan 21, 2020 7:20am Jan 21, 2020 7:20am
Quoting PokerChip
{quote} It takes time to become a average trader. It takes years to be good trader. Patience is the key, you decide when to pull the trigger. Don't let the " MM " choose when you trade.
thank you for the encouraging words.

all my writing I see from the positive side.
1. I will become better trader
2. group will have benefit from my posts
3. both above

thx
pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #4,498
  • Jan 21, 2020 7:26am Jan 21, 2020 7:26am
Quoting PokerChip
{quote} Good morning Trader Ron. Hopefully you got some sleep.
Ha ha.. only slept like 5 hours today.

Thanks bud.
10% buy 10% sell 80% waiting
  • #4,499
  • Jan 21, 2020 7:31am Jan 21, 2020 7:31am
Quoting prozor7
{quote} thank you for the encouraging words. all my writing I see from the positive side. 1. I will become better trader 2. group will have benefit from my posts 3. both above thx pro7
Your welcome.

If you stay in the thread you'll become a much better trader.

You'll learn to pull the trigger with confidence each time.

And you'll know when not to pull the trigger.

There are a lot of good traders here and we all learn something from each other.

If you don't learn something every trading day that's your own fault.

These guys want everyone here to profit, that's what has brought us together.
Patience, let the trade come to you.
  • #4,500
  • Jan 21, 2020 7:36am Jan 21, 2020 7:36am
Quoting PokerChip
{quote} Your welcome. If you stay in the thread you'll become a much better trader. You'll learn to pull the trigger with confidence each time. And you'll know when not to pull the trigger. There are a lot of good traders here and we all learn something from each other. If you don't learn something every trading day that's your own fault. These guys want everyone here to profit, that's what has brought us together.
Nice.
10% buy 10% sell 80% waiting
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