The Jail Break System | Page 267 | Forex Factory

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The Jail Break System

  • #5,321
  • Jan 29, 2020 3:44am Jan 29, 2020 3:44am
Quoting TraderR0N
{quote} Good morning. Bravo Piprader. Thanks for the support. Don’t blame me if I’m wrong. ha ha.. We trade with possibilities. My target - 1.62400.
EA: Still Milking this Cash Cow

Will close around 6240 as TRon mentioned

see chart edited from last 2 days:
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Time & Price Forecast - Jenkins
  • #5,322
  • Jan 29, 2020 3:44am Jan 29, 2020 3:44am
Quoting pamc
Good Morning all. I would like to thank you all for your wishes and thoughts for my father in law. Catch ya all later Keep safe
take care mate, acknowledge that it's a tough period, let's hope it will soon pass.
  • #5,323
  • Jan 29, 2020 3:51am Jan 29, 2020 3:51am
USDCAD is Tricky

D1 is POTENTIAL "R" Not confirmed Yet
H4 Nice R Head Confirmed

Maybe waiting for FOMC today
trade with caution

wont trade this today
D1 Targets for Short and potential R (1.3225-60 Zone)
Time & Price Forecast - Jenkins
  • #5,324
  • Jan 29, 2020 3:52am Jan 29, 2020 3:52am
Hi guys,

Long term view for GBPAUD.

For those are still holding sell trade can hold till price 1.90500 - 1.90800 area.. ready buyers will be waiting there for reversal.

Green pips.

BRB
10% buy 10% sell 80% waiting
  • #5,325
  • Jan 29, 2020 3:58am Jan 29, 2020 3:58am
Quoting billytt
morning all from the forest, UK. No idea how the weather is . 00-00 4 hour bar break. My new love is usd/chf, High broke and I am Long. ftse as above, high broke and I am long with small lot. Dax, high has broke but I am leaving it. Cable, I have just gone \Long. gbp/chf nothing happening yet. I have a helper to trade with, I do not normally trade more than 2 pairs. (Ron amazes me). Trade well all. t 05-35

hey Billy

Nice catch on USDCHF

I will hopefully join you around 0.9720s area, if get a chance...

a long way to go up!
Time & Price Forecast - Jenkins
  • #5,326
  • Jan 29, 2020 4:02am Jan 29, 2020 4:02am
Quoting TraderR0N
Hi guys, Long term view for GBPAUD. For those are still holding sell trade can hold till price 1.90500 - 1.90800 area.. ready buyers will be waiting there for reversal. Green pips. BRB
GA is too risky for me

moves like a bullet
Time & Price Forecast - Jenkins
  • #5,327
  • Jan 29, 2020 4:05am Jan 29, 2020 4:05am
Quoting Leacher
{quote} hey Billy Nice catch on USDCHF I will hopefully join you around 0.9720s area, if get a chance... a long way to go up!
I am out, lol hit and run. +5%.
it was moving very slow, so I initially closed for +1% and then we had a slight retrace and I entered again for +4% ….. 1 + 4 = 5%, I only get 5 when I use big lot.
I currently am long with a smaller lot size now.
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,328
  • Jan 29, 2020 4:11am Jan 29, 2020 4:11am
Quoting billytt
{quote} I am out, lol hit and run. +5%. it was moving very slow, so I initially closed for +1% and then we had a slight retrace and I entered again for +4% ….. 1 + 4 = 5%, I only get 5 when I use big lot. I currently am long with a smaller lot size now. Trade well



Hit and Run - name of the game
better to be safe then sorry
Time & Price Forecast - Jenkins
  • #5,329
  • Edited 5:10am Jan 29, 2020 4:19am | Edited 5:10am
anyone with me on this?

EG- Old Love!

trading against RON if I may:

D1 R confirmed BUY
Stage 1 in the making for upward breakout

H4 R Confirmed BUY zone 1 (0.8430-50)
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Time & Price Forecast - Jenkins
  • #5,330
  • Jan 29, 2020 4:24am Jan 29, 2020 4:24am
Quoting billytt
{quote} like that, but my chart is not the same. 00-00 4 hour range. High =9743 and low =9728. that is 15 range. my adr=43
Alright, time zones. Now it should be correct

Do you wait for some confiration after break out, or do you just set pending orders up&down?

What kind of statistic you look at? And how about SL?

Thanks!
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  • #5,331
  • Jan 29, 2020 4:31am Jan 29, 2020 4:31am
Quoting billytt
{quote} I am out, lol hit and run. +5%. it was moving very slow, so I initially closed for +1% and then we had a slight retrace and I entered again for +4% ….. 1 + 4 = 5%, I only get 5 when I use big lot. I currently am long with a smaller lot size now. Trade well

Billy

I have been asking around Top Traders for Money Management experience

Hows yours with multi standard lots lets say on a 25-50K account (I know you would be much higher in equity)?

like Targeting 10-20 pips of ADR, trade goes against you, how much DD would you take and run? Equal, Double or Triple of your Target pips?

thx
Time & Price Forecast - Jenkins
  • #5,332
  • Jan 29, 2020 4:32am Jan 29, 2020 4:32am
Quoting Kruspe
{quote} Alright, time zones. Now it should be correct Do you wait for some confiration after break out, or do you just set pending orders up&down? What kind of statistic you look at? And how about SL? Thanks! {image}
Hi K, no stop loss as I counter.
once the whole number is touched I trade, no confirmation.
Sometimes if you wait for confirmation this can be the points I am looking for,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,333
  • Jan 29, 2020 4:34am Jan 29, 2020 4:34am
Quoting Leacher
{quote} Billy I have been asking around Top Traders for Money Management experience Hows yours with multi standard lots lets say on a 25-50K account (I know you would be much higher in equity)? like Targeting 10-20 pips of ADR, trade goes against you, how much DD would you take and run? Equal, Double or Triple of your Target pips? thx
I counter. my main bank roll is massive, but my trading bank is smaller. I play each other against one another.

edit I also trade retrace, and some times inside bars on the 4 hour,

My aim is , ie at the end of 5 days I want 25% gain. I may well be 30/40% + but end up with 25%.
That doesn't matter, I will lose some trades to offset a fail. I do do it.
I call it like a loss leader in a store. ie sell sugar at a loss to bring in customers who then but over priced items.

edit, and I compound, and if I see a trade I did not trade and it has failed, I will trade it as if I had . Hope you understand.
I put the odds in my favour, using Frequency Distribution Stats, it is all Math.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,334
  • Edited 5:21am Jan 29, 2020 4:58am | Edited 5:21am
Quoting billytt
{quote} I counter. my main bank roll is massive, but my trading bank is smaller. I play each other against one another. edit I also trade retrace, and some times inside bars on the 4 hour, My aim is , ie at the end of 5 days I want 25% gain. I may well be 30/40% + but end up with 25%. That doesn't matter, I will lose some trades to offset a fail. I do do it. I call it like a loss leader in a store. ie sell sugar at a loss to bring in customers who then but over priced items. edit, and I compound, and if I see a trade I did not trade and it has failed,...
Thanks for the Clarity

V r bombarded w/too much irrelevant info in the form of macros and technical all over the internet, flooded email inboxes, broker indi charts and all THAT V FORGET to FOCUS on our POTENTIAL TRADE and its MANAGEMENT. Like today, from Inside we all have this FEAR of FOMC.

I like your Neutral approach towards Trading.
Time & Price Forecast - Jenkins
  • #5,335
  • Jan 29, 2020 5:16am Jan 29, 2020 5:16am
EUR AUD


This is my Newbie view for this pair.

It may be opposite position taken by many of you here.

Appreciate if anyone can comment and view my set up and entry.

This is pre-FOMC trade, quick scalping for few hours to target

Thank You
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,336
  • Jan 29, 2020 5:24am Jan 29, 2020 5:24am
I don't understand it, do I?
Why want to sell some UC here
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  • #5,337
  • Jan 29, 2020 5:26am Jan 29, 2020 5:26am
Quoting Leacher
{quote} Thanks for the Clarity V r bombarded w/too much irrelevant info in the form of macros and technical all over the internet, flooded email inboxes, broker indi charts and all THAT V FORGET to FOCUS on our POTENTIAL TRADE and its MANAGEMENT. Like today, from Inside we all have this FEAR of FOMC. I like your Neutral approach towards Trading.
I know 2 guys with companies (I AM NOT INVOLVED) they sell services and trade for people.
They use very simple method which I sold them, but they add tons of junk to charts to impress potential customers to show how difficult it is to trade .lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,338
  • Edited 6:28am Jan 29, 2020 5:32am | Edited 6:28am
Key Takeaways from this Thread
Special thanks to PokerChip for sharing his method. RON, Prozor, Billy, Kruspe and all others

My Results Improved many folds since using:


- D1/H4 Charts


- Applying R-1-2-3 Model (Still Learning)


- NAKED CHARTS


- Disregarding basic economic calendar. Only RED events I take care of to reduce Risk exposure.


- Proper Lot sizing, as PC suggested with a 10K account no more than 0.50 lots/pair. This is a game changer for me. small lots spread over the buy/sell zone with a max ceiling pays off massively. Trade goes against me, either wait as long as R is intact, or cut it out if R is taken out.


- Patience. Wait for the trades.



Now, lets make some $$$


Time & Price Forecast - Jenkins
  • #5,339
  • Jan 29, 2020 5:38am Jan 29, 2020 5:38am
Quoting billytt
{quote} I know 2 guys with companies (I AM NOT INVOLVED) they sell services and trade for people. They use very simple method which I sold them, but they add tons of junk to charts to impress potential customers to show how difficult it is to trade .lol

like women in panties, indeed!
Time & Price Forecast - Jenkins
  • #5,340
  • Jan 29, 2020 5:45am Jan 29, 2020 5:45am
Quoting M.Propper
I don't understand it, do I? Why want to sell some UC here {image}
That R in your Chart is OLD Resistance HEAD.

for now, no trade for me on D1.

scalpers can go in and out
Time & Price Forecast - Jenkins
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