The Jail Break System | Page 237 | Forex Factory

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The Jail Break System

  • #4,721
  • Jan 23, 2020 7:47am Jan 23, 2020 7:47am
Platform froze at the peak of the spike and didnt return till it was back in negative. that EU spike 10+ pips above the recent range sorted out most of todays shorts stops, took quite a few pendings long in and out, now lets have it go south!
  • #4,722
  • Jan 23, 2020 7:50am Jan 23, 2020 7:50am
Quoting pamc
Platform froze at the peak of the spike and didnt return till it was back in negative. that EU spike 10+ pips above the recent range sorted out most of todays shorts stops, took quite a few pendings long in and out, now lets have it go south!
You give EURGBP going South ?
  • #4,723
  • Jan 23, 2020 7:52am Jan 23, 2020 7:52am
Are they Dumping EUR?
  • #4,724
  • Jan 23, 2020 8:03am Jan 23, 2020 8:03am
Quoting richy247
Are they Dumping EUR?
not dumping! just going in my opinion down to 1.10. stop clustter around there. just opportunistic. short term
  • #4,725
  • Jan 23, 2020 8:04am Jan 23, 2020 8:04am
Quoting richy247
{quote} You give EURGBP going South ?
yes! to a point
  • #4,726
  • Jan 23, 2020 8:07am Jan 23, 2020 8:07am
Quoting pamc
{quote} yes! to a point
I see ....Lets see how this turn out ...
  • #4,727
  • Jan 23, 2020 8:07am Jan 23, 2020 8:07am
Quoting richy247
{quote} You give EURGBP going South ?
IMO its going south to a little below 84200 sl's before climbing, my long entry pending at 84515
  • #4,728
  • Jan 23, 2020 8:08am Jan 23, 2020 8:08am
Quoting richy247
{quote} You caught a good fish there my friend...The least it can do is come to test and start the journey up ...CHF dont have much stress of faking it like other pairs...If its off its off...
Stopped at BE + clearly rejection on D1: it was a fake out probably
  • #4,729
  • Jan 23, 2020 8:12am Jan 23, 2020 8:12am
Quoting MrGreen95
{quote} Stopped at BE + clearly rejection on D1: it was a fake out probably
Wow...sorry about that ...
  • #4,730
  • Jan 23, 2020 8:25am Jan 23, 2020 8:25am
Quoting pamc
Platform froze at the peak of the spike and didnt return till it was back in negative. that EU spike 10+ pips above the recent range sorted out most of todays shorts stops, took quite a few pendings long in and out, now lets have it go south!
When I had Oanda, the same thing would happen to me if I was up in a trade.
It never happened when I was down in a trade.
Patience, let the trade come to you.
  • #4,731
  • Edited 8:50am Jan 23, 2020 8:26am | Edited 8:50am
Quoting richy247
{quote} Wow...sorry about that ...

Why? Nothing wrong with it.. it's part of the job Anyway i'm already short with SL at +5 pips
  • #4,732
  • Jan 23, 2020 8:28am Jan 23, 2020 8:28am
Quoting prozor7
{quote} EURUSD update price find resistance @ 1.11141 waiting for 1.10676 to enter long {image}
EURUSD update
tp reach enter long in front of running train
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,733
  • Jan 23, 2020 8:34am Jan 23, 2020 8:34am
Quoting PokerChip
{quote} Welcome to the thread Leacher, The way I trade I won't give in to the market maker " MM ", I won't close my trade. I keep my margin level high, my margin level is a 5 digit margin level. If I get upside down in a trade like I did a month ago I relied on my margin level to hang with the " MM ". If you have a high margin level, and you trade within your means the " MM " can't touch you. He can't make you close your trade. This is how I keep my account.

you mentioned that you relied on your margin level which was big enough, was that a good choice to carry -ve trades for days or weeks? Y not cut them early and trade other opportunities?

very well. Big margin requires big deposit. Realistically speaking, 25k account with max of 3 Full lots with mental equity stop of 3-5k should start a journey such as yourself? Or you would recommend, a 50k or 100k account with same lots?

thank you for starting this thread.
Time & Price Forecast - Jenkins
  • #4,734
  • Jan 23, 2020 8:38am Jan 23, 2020 8:38am
Quoting pamc
USDJPY 1HR continuing past 2nd level {image}
TP hit for 2 positions @109.400. watch for re entry higher for target 109.050 ish
  • #4,735
  • Jan 23, 2020 8:41am Jan 23, 2020 8:41am
Quoting prozor7
{quote} EURJPY I'm watching 121.102 - 121.029 - 120.933 for long (last price as mental SL) reason 121.670 didn't hold as I emphasize in previous posts on this pullback 121.655 - 121.748 should be resistance {image}
EURJPY update
tp reach enter in front of the running train
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,736
  • Jan 23, 2020 8:43am Jan 23, 2020 8:43am
Quoting prozor7
AUDCAD I would like to see pullback to 0.90246 - 0.90175 before it hit 0.90617 price is overstretched @ this moment than up to 0.90617 {image}
AUDCAD update
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,737
  • Jan 23, 2020 9:02am Jan 23, 2020 9:02am
Quoting prozor7
{quote} USDCAD I would like to see pullback to 1.31426 - 1.31283 than up to 1.31807 - 1.31888 EDIT that (if happened) will erase lots of Stop-Losses look @ H1 chart; that will be cluster f**k {image} {image} {image}
USDCAD update
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,738
  • Jan 23, 2020 9:18am Jan 23, 2020 9:18am
Quoting TraderR0N
Good day everyone. Awesome thread and traders. I still had some floating trades and new trades running. I reload short GBPJPY and target achieved. Short NZDJPY target achieved too. Will remove afterwards. Hope you guys had good results too. Stay green and green pips all. {image}
Hi Ron. busy loading truck all day huh??
  • #4,739
  • Jan 23, 2020 9:21am Jan 23, 2020 9:21am
Quoting pamc
{quote} Hi Ron. busy loading truck all day huh??
LOL.. busy preparing for my New Year buddy.. not much screentime for chart this week and next week but had place some trades and leaving it to target or losses..
10% buy 10% sell 80% waiting
  • #4,740
  • Jan 23, 2020 9:29am Jan 23, 2020 9:29am
Becareful if you guys are still shorting all YEN pairs like
USDJPY, CADJPY and AUDJPY.
10% buy 10% sell 80% waiting
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