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The Jail Break System

  • #5,521
  • Jan 30, 2020 10:57am Jan 30, 2020 10:57am
Quoting pamc
{quote} GBP CHF SELL {image}
Did you get out before it trapped ?
Patience, let the trade come to you.
  • #5,522
  • Jan 30, 2020 10:59am Jan 30, 2020 10:59am
Quoting PokerChip
{quote} Did you get out before it trapped ?
nope!!! still in currently 12pips negative and bouncing off the TL... me thinks. Negative bias long term anyway for me all GBP pairs.
  • #5,523
  • Jan 30, 2020 11:03am Jan 30, 2020 11:03am
Quoting pamc
{quote} nope!!! still in currently 12pips negative and bouncing off the TL... me thinks. Negative bias long term anyway for me all GBP pairs.
I think its moving lower.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfi-d1-tw-corp-gbp-chf-daily-chart.png Size: 35 KB
Patience, let the trade come to you.
  • #5,524
  • Jan 30, 2020 11:07am Jan 30, 2020 11:07am
Quoting pamc
{quote} nope!!! still in currently 12pips negative and bouncing off the TL... me thinks. Negative bias long term anyway for me all GBP pairs.
GBP/CHF

If you look at the weekly and monthly chart its a sell.

I think will turn into a good trade.
Patience, let the trade come to you.
  • #5,525
  • Jan 30, 2020 11:07am Jan 30, 2020 11:07am
Quoting PokerChip
{quote} I think its moving lower. {image}

me too! Think its just shaking out a few short term traders of the lower time frames and some robots.
  • #5,526
  • Jan 30, 2020 11:09am Jan 30, 2020 11:09am
Quoting PokerChip
{quote} GBP/CHF If you look at the weekly and monthly chart its a sell. I think will turn into a good trade.

yup did so. holding it .
  • #5,527
  • Jan 30, 2020 11:11am Jan 30, 2020 11:11am
Quoting pamc
{quote} yup did so. holding it .
Look at the huge 4 hour green candle to the left.

Ha, a lot of buyers about to be trapped.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfi-h4-tw-corp-gbp-chf-4-hour-chart.png Size: 44 KB
Patience, let the trade come to you.
  • #5,528
  • Jan 30, 2020 11:16am Jan 30, 2020 11:16am
Quoting PokerChip
{quote} Look at the huge 4 hour green candle to the left. Ha, a lot of buyers about to be trapped. {image}


yes and look at the spike in the centre. again trapped buyers not to be released
  • #5,529
  • Jan 30, 2020 11:32am Jan 30, 2020 11:32am
Quoting Pat Chiko
GBP USD Jail break GBP Major Impact News Bank Rate maintained at 0.75% - January 2020 Scalping Short {image}

GBP USD


Crisis Management

As a Newbie I made an error entering this short trade.

Now trying to recover by reducing losses.

Entering another short position at resistance.

TP for both, just below the first entry.

From the set up, I believe this pair will go up again to sell zone marked in the chart.

This is how I managed trade crisis. Maybe we all can learn something out of this stupid Newbie mistakes

It may reduce loses or eliminate it. If I'm lucky, escape with profit...lol
Attached Image (click to enlarge)
Click to Enlarge Name: gu 120.jpg Size: 374 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,530
  • Jan 30, 2020 11:33am Jan 30, 2020 11:33am
Quoting pamc
{quote} yes and look at the spike in the centre. again trapped buyers not to be released
No way out for the buy traders.

Fish in a barrel.
Patience, let the trade come to you.
  • #5,531
  • Jan 30, 2020 11:56am Jan 30, 2020 11:56am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP AUD prep for sell.png Size: 68 KB
  • #5,532
  • Jan 30, 2020 12:07pm Jan 30, 2020 12:07pm
Quoting PokerChip
{quote} Are you still losing ?
yes sir! Over 40% DD
  • #5,533
  • Jan 30, 2020 12:17pm Jan 30, 2020 12:17pm
Quoting princiano
{quote} yes sir! Over 40% DD
it will drop along with the GBP AUD and the rising AUD USD. EUR AUD watch for an impulse fakey up and maybe take another sell higher IMO.
  • #5,534
  • Jan 30, 2020 12:21pm Jan 30, 2020 12:21pm
Quoting princiano
{quote} yes sir! Over 40% DD
Hopefully your margin is good.

Hang in there its going to drop.
Patience, let the trade come to you.
  • #5,535
  • Jan 30, 2020 2:28pm Jan 30, 2020 2:28pm
[quote = Pat Chiko; 12729687] {quote} GBP USD Crisis Management Als beginner heb ik een fout gemaakt bij het invoeren van deze korte transactie. Nu proberen te herstellen door verliezen te verminderen. Het invoeren van een andere korte positie bij weerstand. TP voor beide, net onder de eerste invoer. Ik geloof dat dit paar vanaf de set-up weer omhoog zal gaan om de zone te verkopen die in de grafiek is gemarkeerd. Dit is hoe ik de handelscrisis heb beheerd. Misschien kunnen we allemaal iets leren van deze stomme Newbie-fouten. Het kan verliezen verliezen of elimineren. Als ik geluk heb, ontsnap met winst ... lol {image} [/ quote]


Why you have stopp loss
  • #5,536
  • Jan 30, 2020 3:00pm Jan 30, 2020 3:00pm
Quoting abcboeken
[quote = Pat Chiko; 12729687] {quote} GBP USD Crisis Management Als beginner heb ik een fout gemaakt bij het invoeren van deze korte transactie. Nu proberen te herstellen door verliezen te verminderen. Het invoeren van een andere korte positie bij weerstand. TP voor beide, net onder de eerste invoer. Ik geloof dat dit paar vanaf de set-up weer omhoog zal gaan om de zone te verkopen die in de grafiek is gemarkeerd. Dit is hoe ik de handelscrisis heb beheerd. Misschien kunnen we allemaal iets leren van deze stomme Newbie-fouten. Het kan verliezen...

.. not using SL here in JailBreak - you will be trapped for sure.
But at a certain point you can do it the billytts way...
- use a hedge to fix the wrong trade
- you will get most of your margin back - exept your floating loss :-)
- place a new trade (and do it right now ) to cover your loss and make some additional pips

Mucky
  • #5,537
  • Jan 30, 2020 3:13pm Jan 30, 2020 3:13pm
AUDUSD

I'm just thinking out loud. What if level 2 is that whole area?
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_AUD_USD_Hourly_snapshot3.png Size: 42 KB
  • #5,538
  • Jan 30, 2020 3:52pm Jan 30, 2020 3:52pm
Quoting Pat Chiko
{quote} GBP USD Crisis Management As a Newbie I made an error entering this short trade. Now trying to recover by reducing losses. Entering another short position at resistance. TP for both, just below the first entry. From the set up, I believe this pair will go up again to sell zone marked in the chart. This is how I managed trade crisis. Maybe we all can learn something out of this stupid Newbie mistakes It may reduce loses or eliminate it. If I'm lucky, escape with profit...lol {image}
Hi Pat,

According to the intraday cycle, I would expect one or two push up. However, nobody really knows how Brexit will affect GBP in the upcoming days and weeks
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot15.png Size: 40 KB
  • #5,539
  • Jan 30, 2020 4:01pm Jan 30, 2020 4:01pm
Quoting Kruspe
AUDUSD I'm just thinking out loud. What if level 2 is that whole area? {image}
AUDUSD update
for me TP 1 is 0.67571 TP 2 should be gap @ 0.68200
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,540
  • Jan 30, 2020 4:58pm Jan 30, 2020 4:58pm
Quoting Kruspe
{quote} Hi Pat, According to the intraday cycle, I would expect one or two push up. However, nobody really knows how Brexit will affect GBP in the upcoming days and weeks {image}
Those news gaps has tendency to close and tomorrow is Friday. Day made for closing gaps ,hopefully
Whether you think you can, or you think you can't,you're right. H.F.
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