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The Jail Break System

  • #8,321
  • Mar 14, 2020 5:06pm Mar 14, 2020 5:06pm
Good day traders,

Back home from party.

Some heads ups before signing off.

Next week we will be seeing possible new low for most JPY cross pairs. Sellers are still in control into a huge buying area. I’m still staying short for most JPY pairs last Friday.

Will be seeing huge buying reversal soon. Watch out.
I’m ready for buy trade soon. Big surprise all.

Cheers and good night.
10% buy 10% sell 80% waiting
  • #8,322
  • Edited 6:14pm Mar 14, 2020 5:18pm | Edited 6:14pm
Oil will be recovering soon further north.
If FOMC would to cut rates on the 18th March which I think it will.. already price in and dollar will then be weak and will see USDCAD heading south and nail down hard, interesting to see USDCAD Stocks will be up and USDJPY will be up

If Oil is down, Dollar will be strong.

Does it make sense to you?

USDCAD short will be on my watchlist next week.

Standing by for short trade.

1.40000 is the peak for reversal and strong resistance area. Hard to crack this level.

Will be challenging for next week.
10% buy 10% sell 80% waiting
  • #8,323
  • Mar 15, 2020 5:55am Mar 15, 2020 5:55am
Quoting PokerChip
{quote} (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....
Really really fine advice. Appreciate that you took the time to post this.
Empty your mind and let the market guide you
  • #8,324
  • Mar 15, 2020 7:27am Mar 15, 2020 7:27am
Hi Guys

Looking at Gold, I see the liquidity hunt as being over at 1510. If confirmed, would look for a sharp move up during Asian session tonight and hopefully a consolidation period. Will try to get in around 1540/50 for the ride up. Let's see but that is how I hope to see things developing
  • #8,325
  • Edited 3:11pm Mar 15, 2020 2:36pm | Edited 3:11pm
Good days traders.

While I was looking at pre-market levels for most JPY pairs before market opens.... all nice GAPS down to my targets. PokerChip you will be happy to see this. Well done.

My currents trades for JPY pairs entry from last Friday.

Sold AUDJPY at 66.538 - 66.338.
Target at 65.800.

Sold GBPJPY at 133.500 - 132.750.
Target at 132.200.

Sold EURJPY at 119.340 - 119.580.
Target at 119.000.

Sold USDJPY at 108.317 - 107.933.
Target at 107.400 - 107.500.

Sold NZDJPY at 65.905 - 65.215.
Target at 64.700.

PRE - MARKET LEVELS PRICE CURRENTLY.

AUDJPY at 65.890.

GBPJPY at 131.660.

EURJPY at 118.770.

USDJPY at 107.270.

Cheers.
10% buy 10% sell 80% waiting
  • #8,326
  • Mar 15, 2020 2:37pm Mar 15, 2020 2:37pm
Quoting TraderR0N
Good day traders, Back home from party. Some heads ups before signing off. Next week we will be seeing possible new low for most JPY cross pairs. Sellers are still in control into a huge buying area. I’m still staying short for most JPY pairs last Friday. Will be seeing huge buying reversal soon. Watch out. I’m ready for buy trade soon. Big surprise all. Cheers and good night.

Mention here.
10% buy 10% sell 80% waiting
  • #8,327
  • Edited 3:05pm Mar 15, 2020 2:47pm | Edited 3:05pm
@Ritter3

Did you sold JPY cross pairs as well?

I know myself and PokerChip did so..
10% buy 10% sell 80% waiting
  • #8,328
  • Mar 15, 2020 2:50pm Mar 15, 2020 2:50pm
Will most JPY cross pairs buy reversal after FOMC?

Long way up to north.
10% buy 10% sell 80% waiting
  • #8,329
  • Mar 15, 2020 3:11pm Mar 15, 2020 3:11pm
Evening, TraderRon

I have become more cautious at the moment I do not leave trades open over the weekend.
EUR-YEN may sell soon, but I think it will happen around 121.70
In the EUR-YEN, the upper Daily Kanal area is


When it happens or the first signs come I post the images anyway.

At the moment I have the pair GBP-USD on my screen.
That would be ripe for a correction.
  • #8,330
  • Mar 15, 2020 3:14pm Mar 15, 2020 3:14pm
Quoting Ritter3
Evening, TraderRon I have become more cautious at the moment I do not leave trades open over the weekend. EUR-YEN may sell soon, but I think it will happen around 121.70 In the EUR-YEN, the upper Daily Kanal area is When it happens or the first signs come I post the images anyway. At the moment I have the pair GBP-USD on my screen. That would be ripe for a correction.
Good job Ritter3.

GBPUSD will be reversing soon.. long way up.. correction or reversal will depend on FOMC to move the directions. Do not sell or chase the falling knife. Risky to do so.
Wait for buy signal.

Good luck ahead.
10% buy 10% sell 80% waiting
  • #8,331
  • Mar 15, 2020 3:22pm Mar 15, 2020 3:22pm
Wow wow this is scary no joke...

The World Is Hit With A $12 Trillion Dollar Margin Call
Last week the world got a dollar margin call, one which according to JPM is now $12 trillion, 60% of US GDP; roughly double where it was during the financial crisis
Margin calls = sell everything
10% buy 10% sell 80% waiting
  • #8,332
  • Mar 15, 2020 3:33pm Mar 15, 2020 3:33pm
If there is a trend break, it is always the question whether it is a real trend break or a correction trend.
With PokerChip strategy, you don't know which one will happen, so it's better to take the profit on each level than to be greedy and try to catch the full trend.
I think of EUR-AUD where PokerChip's strategy didn't work and went down in one go with a small correction (the prediction was correct) but there were no levels.
If you look at why, there was some bad news at the time of the EURO and the AUD was the good economic news and the copper price went up in the period which helped it. In the Daily Channel he ran the given channel.
  • #8,333
  • Mar 15, 2020 3:36pm Mar 15, 2020 3:36pm
Quoting Ritter3
If there is a trend break, it is always the question whether it is a real trend break or a correction trend. With PokerChip strategy, you don't know which one will happen, so it's better to take the profit on each level than to be greedy and try to catch the full trend. I think of EUR-AUD where PokerChip's strategy didn't work and went down in one go with a small correction (the prediction was correct) but there were no levels. If you look at why, there was some bad news at the time of the EURO and the AUD was the good economic news and the copper...

No one will know where will be the exact tops and bottoms..
We are just trading with probability..
10% buy 10% sell 80% waiting
  • #8,334
  • Mar 15, 2020 3:57pm Mar 15, 2020 3:57pm
We hope that everyone is having a nice weekend and getting ready for a new week.
10% buy 10% sell 80% waiting
  • #8,335
  • Edited 4:17pm Mar 15, 2020 4:04pm | Edited 4:17pm
Quoting TraderR0N
Good days traders. While I was looking at pre-market levels for most JPY pairs before market opens.... all nice GAPS down to my targets. PokerChip you will be happy to see this. Well done. My currents trades for JPY pairs entry from last Friday. Sold AUDJPY at 66.538 - 66.338. Target at 65.800. Sold GBPJPY at 133.500 - 132.750. Target at 132.200. Sold EURJPY at 119.340 - 119.580. Target at 119.000. Sold USDJPY at 108.317 - 107.933. Target at 107.400 -...
Good start of the day. nice GAPS down.

GBPJPY, NZDJPY , EURJPY and USDJPY target achieved.

AUDJPY and CADJPY still

Patience is rewarded.
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10% buy 10% sell 80% waiting
  • #8,336
  • Mar 15, 2020 4:19pm Mar 15, 2020 4:19pm
First new trade of the week.

Sold USDCAD at 1.38640. Target 1.38000 - 1.37500.

Good night everyone.

See you guys around.
10% buy 10% sell 80% waiting
  • #8,337
  • Mar 15, 2020 4:24pm Mar 15, 2020 4:24pm
Quoting TraderR0N
First new trade of the week. Sold USDCAD at 1.38640. Target 1.38000 - 1.37500. Good night everyone. See you guys around.
That was fast.. short USDCAD target achieved at 1.38000.

9%+ profits gained for a day.

Next target at 1.37500.
Attached Image (click to enlarge)
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10% buy 10% sell 80% waiting
  • #8,338
  • Mar 15, 2020 4:32pm Mar 15, 2020 4:32pm
Quoting TraderR0N
Oil will be recovering soon further north. If FOMC would to cut rates on the 18th March which I think it will.. already price in and dollar will then be weak and will see USDCAD heading south and nail down hard, interesting to see USDCAD Stocks will be up and USDJPY will be up If Oil is down, Dollar will be strong. Does it make sense to you? USDCAD short will be on my watchlist next week. Standing by for short trade. 1.40000...
USDCAD - expected
10% buy 10% sell 80% waiting
  • #8,339
  • Mar 15, 2020 4:39pm Mar 15, 2020 4:39pm
Good to know guys to plan your trades.

As mention.
Fed cutting rates to 0 & ‘restarting’ QE. Repo operation been going on for months but this is even more drastic.
Market now in the green going into the week. Lol.
If the market can’t hold this bid they will be completely out of ammo.
Next week will be interesting.

Cheers.
10% buy 10% sell 80% waiting
  • #8,340
  • Mar 15, 2020 4:39pm Mar 15, 2020 4:39pm
TraderRon, you are a machine! Inspirational. Much appreciate your input here, learning a lot and fast...I hope.
Here's to a new week of Gpip collecting Best wishes to all.
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