The Jail Break System | Page 385 | Forex Factory

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The Jail Break System

  • #7,681
  • Edited 3:14pm Mar 8, 2020 2:52pm | Edited 3:14pm
Quoting pips29
{quote} It doesn't matter whether you have stops at +1 pip or + 10 pips. As long as you have placed stops you will be stopped out at the opening price which means being stopped out with negative slippage
Hi pips29,

Yes agree... it’s still better then not putting any stops and occurring more losses..

Trade safe..
10% buy 10% sell 80% waiting
  • #7,682
  • Mar 8, 2020 3:04pm Mar 8, 2020 3:04pm
Quoting Northumbrian
Good evening TraderRON. Just seen reports that Saudi Arabia are about to cut oil prices to $32 at the open today. (28%) A fall in crude oil could be good for the dollar? N

Hello everyone,
First, the airlines have reduced flights by up to -30%, due to the lack of passengers.

People are afraid to travel. Which has an obvious impact. Airplanes run on petrol... This scenario alone costs $ 110 billion.

Bloomberg says China has reduced oil consumption by -20%...

God bless all and green pips to all!
The only impartial feeling is love. It is also the only feeling of God.
  • #7,683
  • Mar 8, 2020 3:05pm Mar 8, 2020 3:05pm
All prices before market open.

EURUSD up by 0.51%
Current price at 1.13374.

USDCAD is at new 3 months high at 1.35252.

USDJPY is at new 3 months low at 104.244.

Just wow..
10% buy 10% sell 80% waiting
  • #7,684
  • Mar 8, 2020 3:12pm Mar 8, 2020 3:12pm
Quoting LvMMT
{quote} Hello everyone, First, the airlines have reduced flights by up to -30%, due to the lack of passengers. People are afraid to travel. Which has an obvious impact. Airplanes run on petrol... This scenario alone costs $ 110 billion. Bloomberg says China has reduced oil consumption by -20%... God bless all and green pips to all!
Nice piece of information bud.
10% buy 10% sell 80% waiting
  • #7,685
  • Mar 8, 2020 3:24pm Mar 8, 2020 3:24pm
Catch up with you guys soon and just to pop in to show you guys early market price. Got to sit back relax and study the market.

Good night everyone.
10% buy 10% sell 80% waiting
  • #7,686
  • Mar 8, 2020 8:08pm Mar 8, 2020 8:08pm
Quoting TraderR0N
Good day everyone. Look at the pre-market levels before market opens for most pairs. JPY, EUR, AUD and CAD. Seem like my trades from last Friday holding over the weekends doesn’t seem good to me especially AUDJPY, CADJPY, EURJPY, EURAUD, EURNZD, GBPJPY, USDJPY and USDCAD. But is ok lucky because I have locked with 1 pip profits when in profits and I know there will be a market gaps up or down as mention before... seriously I’m out of the woods.. Below are the early market price. Damn it seriously... period.. period... gonna be very careful when...
The market has indeed gone mad ... gonna stop trading for a while till madness subside.
  • #7,687
  • Mar 8, 2020 8:17pm Mar 8, 2020 8:17pm
Quoting Kellytrade
{quote} The market has indeed gone mad ... gonna stop trading for a while till madness subside.
Seriously ....d mkt has really gone mad
  • #7,688
  • Mar 8, 2020 9:20pm Mar 8, 2020 9:20pm
Latest balance curve following PC and TradeR0N's method on GJ only.
Max floating DD that I ever suffered so far (1 month +-) is around 10%.
Surely that is just luck with that short of a sample size of 1 month.
Wouldn't be surprised if that figure increase in the future.

To be honest still struggling to see the cycles on some pairs (like EA for example), but I think there is no need to make things complicated by forcing trades I don't understand. The super clear cycle is on GJ so I'll just be trading that at the moment.

The flash crash just now helped bump the account up by $141. Closed all since profit objective is reached and going off to work.
Thanks to all in this thread I really love this very friendly thread

Attached Image (click to enlarge)
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The super clear cycle on GJ so I'll just be trading that at the moment.
Entities should not be multiplied without necessity - Occam's razor
  • #7,689
  • Mar 9, 2020 2:09am Mar 9, 2020 2:09am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #7,690
  • Mar 9, 2020 2:33am Mar 9, 2020 2:33am
Quoting prozor7
good morning to all
Hi P, hope you are well and have dad a good weekend.
I had a good weekend, watched a band, had a few beers and messed around with my gf.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,691
  • Mar 9, 2020 2:35am Mar 9, 2020 2:35am
Cable 00-00 4 hour bsar break.

Low broke for 20+ and then retrace up and High broke for +50.
I DID NOT TRADE THEM, but that was perfect.
we had first break which is always harder to know how far price will move, Then retrace, this is then easier to find the daily range.
Trade Well all.
t 07-35
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,692
  • Mar 9, 2020 2:46am Mar 9, 2020 2:46am
after these spikes most of the my charts are unreadable
closed some negative positions
AUDCHF long
EURUSD short

current position
AUDCAD long SL 0.89050
Forex can only be understood backwards, but it must be traded forwards.
  • #7,693
  • Mar 9, 2020 3:11am Mar 9, 2020 3:11am
Quoting billytt
{quote} Hi P, hope you are well and have dad a good weekend. I had a good weekend, watched a band, had a few beers and messed around with my gf.
hi b,
didn't even get out from the house, sleeping, reading, sleeping, more sleeping....

trading
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #7,694
  • Mar 9, 2020 4:21am Mar 9, 2020 4:21am
Cable 08-00 15 minute bar break.
the low broke and was good.
I did not trade it as the range was too big..
So Monday wasted, lol
t 09-21
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,695
  • Mar 9, 2020 4:52am Mar 9, 2020 4:52am
Hi guys,so quiet here.Are you licking wounds or just trying figure out next move?

and don't forget,US market will open 1 hour earlier.
Whether you think you can, or you think you can't,you're right. H.F.
  • #7,696
  • Mar 9, 2020 5:00am Mar 9, 2020 5:00am
How I never liked Sunday opening, still chaos, No trades . Movement on the AUD USD over 1200 pip spike . aaaaaaaah
  • #7,697
  • Mar 9, 2020 5:10am Mar 9, 2020 5:10am
Quoting Simply-Me
Hi guys,so quiet here.Are you licking wounds or just trying figure out next move? and don't forget,US market will open 1 hour earlier.
Hi S, it is still a bit early I think for the other guys to be here.
I have not traded yet as the range/s were too big, but both would of been good.
I think that the main traders should have caution with the trades as they are not conforming.
I am ok though as a line is a line. ( just need smaller range).
trade well ……...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,698
  • Mar 9, 2020 5:28am Mar 9, 2020 5:28am
Quoting billytt
{quote} Hi S, it is still a bit early I think for the other guys to be here. I have not traded yet as the range/s were too big, but both would of been good. I think that the main traders should have caution with the trades as they are not conforming. I am ok though as a line is a line. ( just need smaller range). trade well ……...

Well,there were some nice moves on 5M after FO,but I missed them,so I'm waiting for NYO.
Whether you think you can, or you think you can't,you're right. H.F.
  • #7,699
  • Mar 9, 2020 5:31am Mar 9, 2020 5:31am
Quoting Simply-Me
{quote} Well,there were some nice moves on 5M after FO,but I missed them,so I'm waiting for NYO.

agreed, there where some good moves.
I am just collating stats now and playing music, gf is at her shop working lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,700
  • Mar 9, 2020 5:39am Mar 9, 2020 5:39am
Hello everyone.

Still in there with my GBPUSD shorts. It has peaked at 1.32000 and now severely dropping (1.30800) at the moment)
My stop losses would have surely been triggered if I had any.

Regards, N
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