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The Jail Break System

  • #5,021
  • Jan 27, 2020 7:51am Jan 27, 2020 7:51am
Quoting PokerChip
{quote} To begin with you want to keep your margin high as possible, I can't stress enough. The reason for this is to protect you if a trade goes bad. The leverage of 10-1 is weak, you want at least 20-1 leverage. You probably should trade no more than .50 of a lot. That's just me.
Thanks PC

if I could just follow what u recommended, I won’t have a loss... my weakness is adding lots wn price goes against me without waiting for reversal. However I’m keeping a log now and will only add to my positions on seeing reversal.
Time & Price Forecast - Jenkins
  • #5,022
  • Jan 27, 2020 7:53am Jan 27, 2020 7:53am
Quoting prozor7
{quote} chart images that I post are my live trading setup (7*4) 28 open charts attach below. I could post bigger images individually attached image (4*2) 8 open charts like in this post but it take much more time to post them. my trading approach is based on dynamic fibo lines that I calculate and plot on the chart {image} {image}
Fibo is one powerful tool. Have them on my charts and usually look for confluence.
Time & Price Forecast - Jenkins
  • #5,023
  • Jan 27, 2020 7:59am Jan 27, 2020 7:59am
USD/CHF daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfi-d1-tw-corp-usd-chf-daily-chart.png Size: 45 KB
Patience, let the trade come to you.
  • #5,024
  • Jan 27, 2020 8:02am Jan 27, 2020 8:02am
Quoting PokerChip
USD/CHF daily chart. {image}

oh thanks. I’m learning. Just posted similar R-1 chart above.
Time & Price Forecast - Jenkins
  • #5,025
  • Jan 27, 2020 8:10am Jan 27, 2020 8:10am
Quoting Leacher
Quoting prozor7 EURGBP retesting 0.84069 no position {image} D1 confirmed R. But -ve Euro Data makes it risky to buy. update: as PC says, D1 is best. Despite bad Euro news, EG walking up from the dead. Will get into buy if current H4 closes in green.
Just Bought EG 0.8442
next buy 0.8410-25
Attached Image (click to enlarge)
Click to Enlarge Name: CE44CFE4-B400-4E33-A1A0-46D212259BA6.jpeg Size: 340 KB
Time & Price Forecast - Jenkins
  • #5,026
  • Jan 27, 2020 8:18am Jan 27, 2020 8:18am
Quoting prozor7
{quote} EURCHF update TP 1.06854 - 1.06806 almost reached {image} {image} {image}
EURCHF update
TP reached
anyone interested to enter long here TP 1.07000
Forex can only be understood backwards, but it must be traded forwards.
  • #5,027
  • Jan 27, 2020 8:20am Jan 27, 2020 8:20am
Quoting prozor7
{quote} EURCHF update TP reached anyone interested to enter long here TP 1.07000
i don’t trade this pair. Bad memories assisted with it.
Time & Price Forecast - Jenkins
  • #5,028
  • Jan 27, 2020 8:24am Jan 27, 2020 8:24am
Quoting PokerChip
USD/CHF daily chart. {image}
I went Long then short earlier , nice trades
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,029
  • Jan 27, 2020 8:29am Jan 27, 2020 8:29am
USD/CHF daily chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfi-d1-tw-corp-usd-chf-daily-chart.png Size: 45 KB
Patience, let the trade come to you.
  • #5,030
  • Jan 27, 2020 8:30am Jan 27, 2020 8:30am
USD/CAD 4 hour chart update.

This pair is screaming upward.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadi-h4-tw-corp-usd-cad-4-hour-chart.png Size: 47 KB
Patience, let the trade come to you.
  • #5,031
  • Jan 27, 2020 8:31am Jan 27, 2020 8:31am
CADJPY
potential long on W1 & D1 @ 82.376 - 82.039
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #5,032
  • Jan 27, 2020 8:55am Jan 27, 2020 8:55am
PC:
Did you ADD to your EG longs?
Time & Price Forecast - Jenkins
  • #5,033
  • Jan 27, 2020 9:05am Jan 27, 2020 9:05am
Quoting PokerChip
USD/CAD 4 hour chart update. This pair is screaming upward. {image}
it looks like it will make the daily range high?
this is one I do not normally touch as I do not have the stats.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,034
  • Jan 27, 2020 9:08am Jan 27, 2020 9:08am
Quoting Leacher
PC: Did you ADD to your EG longs?
Nope, not yet.
Patience, let the trade come to you.
  • #5,035
  • Jan 27, 2020 9:14am Jan 27, 2020 9:14am
Hi PokerChip,
In Turkey the leverage is 1/10 and fixed, we can't change it, min equity 10.000$(legally). I couldn't understand exactly, 0.5 lot for one pair or the sum of three pairs? Thank you..
  • #5,036
  • Jan 27, 2020 9:41am Jan 27, 2020 9:41am
Quoting Celal
Hi PokerChip, In Turkey the leverage is 1/10 and fixed, we can't change it, min equity 10.000$(legally). I couldn't understand exactly, 0.5 lot for one pair or the sum of three pairs? Thank you..
That's correct, I wouldn't risk no more than a total of .50 of a lot at a time.

So one trade at .50 or 3 trades for a total of .50

You need high margin to protect you from the stop hunt.
Patience, let the trade come to you.
  • #5,037
  • Jan 27, 2020 9:45am Jan 27, 2020 9:45am
Quoting Leacher
{quote} Thanks PC if I could just follow what u recommended, I won’t have a loss... my weakness is adding lots wn price goes against me without waiting for reversal. However I’m keeping a log now and will only add to my positions on seeing reversal.
I know it's hard not to be aggressive when trading is going your way.
Patience, let the trade come to you.
  • #5,038
  • Jan 27, 2020 10:07am Jan 27, 2020 10:07am
I'm not sure why GBP/USD isn't falling more.
Patience, let the trade come to you.
  • #5,039
  • Jan 27, 2020 10:17am Jan 27, 2020 10:17am
NZD/USD 4 hour chart update.

Falling like a rock now.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdi-h4-tw-corp-nzd-usd-4-hour-chart.png Size: 48 KB
Patience, let the trade come to you.
  • #5,040
  • Jan 27, 2020 10:20am Jan 27, 2020 10:20am
Quoting PokerChip
I'm not sure why GBP/USD isn't falling more.
I call this kind of market behavior "window dressing"
it is present in last week of the month and what is interesting there is always explanation for this "Corona" is today.

how serious is well I steal this from "The Comedy Club" forum
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
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