The Jail Break System

US stocks have to rebound or recover from the current levels then market will be more stabilise. Stocks are down and in bear territory and that is why Dollar are strong atm.

Yields down.

Stocks down.

Oil down.

Gold down.

Dollar up.

What’s next?

Soon it will surprise all. Big bounce are coming..

Be patience guys.

(Using the jail break system.)

If I was just starting out with a $10,000 account I would first find the highest leverage broker that I could find.

I would limit myself to 1 standard lot, this way you'll have a good margin.

For every $10,000 profit, increase you're standard lot by 1 lot.

Trade a pair that you know, don't trade just any pair.

Limit you're trades to 3-4 trades per day. Meaning 10-20 pips per trade then take the profit. There's always tomorrow.

At this rate you'll have more money than you'll know what to do with in 2-3 years.

Don't trade with you're emotion, trade what you have learned and make the profit and close the trade.

Then repeat the next day.

Trading is fun when you know what's going to happen before it happens.

I'm not a perfect trader, but I trade to be perfect.

Be discipline on every trade, don't gamble.

Look at a chart and see the opposite because that's what is about to happen.

Don't get trapped, I get trapped all the time, it's not any fun.

But I have cut down being trapped because I don't stay in a trade for a long period of time. (30-45 minutes)

Trade by you're self. Make you're own trading plans. This is how you learn and win at forex trading.

The bigger the lots the shorter the time period, if you can get to be trading 10-20 lots you should be in the trade for no more than 20 minutes per trade.

When that account manager see's a retail trader just committed for 10-20 lots you just put a bulls eye on you're account.

And that account manager will be gunning for you, that's 100% guaranteed.

There's opportunity everyday in forex trading.

This is the best job in the world, if you plan your work and work your plan.

Then wait for the right time to make a entry again.

" Don't force the trade, forex trading is like you're wife or girl friend. You'll know when the right time for the entry is. "

If the pair is not acting right they'll be no entry and no trade.

That's all I know on risk management.

Short EURAUD target achieved at 1.77000.

Short GBPAUD target achieved at 2.00000.

See you guys around.

Welcome to the thread Lubis82,
I don't use moving averages I just have them on my chart because I know a lot of traders do use them. They're a lagging indicator.
At the moment my favorite pair this week is the GBP/USD. Next week it could be another pair. It just depends on the market maker.
I use about 8-10 pairs and that's it. Not all pairs will work with the jail break system. If you stay with this thread I think you'll learn a lot form all of these traders, there are a lot of very good traders here. You'll not learn the jail break system over night, it takes time. So if you have time I'll try my best to teach you the jail break system and just maybe you'll start making a profit everyday.

Poker Chip

GBP/USD 4 hour chart update.

They'll be no retracement, this pair is dropping like a rock.

Hi TraderRon,

Actually, I am only holding onto my contributions in the S&P 500. I moved all of the money out of this index fund when the price first went below 200 day ma over a year ago. Now, it’s down in the 2400 range. Still staying out the markets for awhile. Investors are in panic mode. Even the NCAA basketball tournaments for several conferences are being suspended. It’s crazy to see that. Never happened like this before as far as I can remember. I missed watching the Wisconsin Badgers.

Ron, I apologize for the late response. Did not catch your message. And thanks to luisinho who was very generous of his time to explain how to use the quote feature. I think this is the first time for me. You are doing really good in this business. I’m impressed. Trade well and have a super trading day tomorrow. Same as well for the other folks in this awesome thread.

Good morning traders.

Another pending sell order for GBPAUD target achieved at 1.99000.

Hi Roblee,

Thank you for your kind words.

Agree the market is just crazy and this time was at it worse situation. Back then was in 2008 when I’m not even started trading the market yet but I know the situation, it was bad but this time was worse. I had friends that works in the bank telling me that many investors had their margin call in their stocks portfolio when it plunge over 20% in just 19 days.. it’s just madness..

Hope that you can recover back your stocks soon.

Trade safe and well.

All the best and green pips to you.

Wow! That’s sucks to have a margin call like that. My nephew was a former stockbroker turned business owner who made millions in the late 90’s using margin during the dot.com days. At that time, a lot of new traders entered the markets via trading from their personal computers. So the markets became so volatile unlike back in the days when trades were made by phone calls. My nephew made huge profits from the wild price swings. I remembered seeing stocks jump around by 40 - 80 dollars a share in a single day. I was competing in the stock market contest in which the winner made 1.2 million in 1 month. So I saw all those crazy price swings. A lot of traders were so greedy and lost everything. Gone are the days when you can survive the markets downturns and get your money back, thanks to high technology. Good night all.

Don't allow some irrational fears stemming from past trades to take hold in your mind and cause you to alter the way you place and manage present trades.
Confront those fears: write about them, meditate on them, and then move on.

You could say that trading is really hard.
But at the end of the day, you yourself are making it hard because you work it up in your mind.

Don’t actively try to find reasons to trade.
Let trades come to you.

Trading is a waiting game.
The waiting game is one of the hardest games you'll ever play.
It goes against our natural tendency to want things to fast.

The master trader was once a beginner.
Don't look for short-cuts. Work hard. Stay consistent.

Cut your losses. Stop the bleeding and live to trade another day. You will rarely get a perfect trade entry and exit.
Learn to let go of the idea of perfection.

A winning trader's mindset cannot be taught exclusively via books or courses; it must be learned in the field via direct experience.
As the market tumbles and panic and confusion run rampant, this is the perfect time for you to practice self-control and stand out from the crowd.

If you consistently trade out of FOMO, this makes clear that you shouldn't be focusing on making money (yet) but on learning to handle yourself.

Reduce your size until you get comfortable pushing that button.
If you fear failure and don't allow yourself to build experience, you cancel your opportunity for growth and success.

Experience the best teacher and there is no substitute...

As a trader:
1. Being wrong shouldn't scare you
2. Your focus should be on the long term picture
3. You should focus on placing good trades, not on money won or lost
4. You should approach trading with a learning mindset
5. You should cut out the noise from your trading.

Technical analysis is certainly useful, but it's definitely not a crystal ball. At all times, manage your risk and expectations wisely. You will be good.

We could see a pump and dump on Dollar on the 18th March FOMC DAY.

Good morning traders.

Did not really sleep place too many positions for JPY pairs.

JPY pairs are heading north..

Stocks is recovering.

Oil is recovering. USDCAD short will be


Patience is rewarded.

Long AUDJPY target achieved at 66.500.

Long Gold ( XAUUSD) target achieved at $1580.

Hi PC,
First of all, I appriciate your time to share the "Jail Break System". Please see if I trully understand it by analyze the USD/CHF pair below:

(1) - The first step: a holizontal contract;
(2) - The second step: The MM trick retail traiders;
(3) - The 3nd step: The MM really leave the box;

-> Should I entry right after the (3) red one price below 0.95435 or wait until it closed.

Sorry for my bad English!
Great thanks from Vietnam.

I would love to see USDJPY at 106.000. EURJPY at 119.000.
GBPJPY at 132.800.

And I’m done with my JPY pairs.

GBPJPY.

USDJPY.

Just wow..... finally you have arrived.