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The Jail Break System

  • #8,501
  • Mar 16, 2020 11:11am Mar 16, 2020 11:11am
Quoting prozor7
congrats to all who have successful day. happy for you! maybe this post will help someone? this is not success post, it is quite opposite. I hear that when you got frustrated (like me today) best thing to do is to take a walk. well it didn't help, one look @ market make me more frustrated. 1. never lose confidence in yourself 2. never change yours trading style 3. always stick with trading plan 4. never give up 5. don't panic I was able to break all the rules above today!
It's quite the achievement to break ALL in one day! But HEY! Reds are as important as Blues and Greens -
Think of yourself today as that unexpected retracement before you fly up into your TP (haha)
  • #8,502
  • Mar 16, 2020 11:13am Mar 16, 2020 11:13am
Quoting TraderR0N
{quote} Beware of this pair could trade the next higher high.. trade safe. As long as viruses not contained one day this pair will not drop down hard. It will just go higher and higher.. I got trick by this pair..
Thanks a lot for this tip TraderR0N.

I'm thankful for all the knowledge which gets shared in this thread!
  • #8,503
  • Mar 16, 2020 11:14am Mar 16, 2020 11:14am
Everything in life is always easy to said then done.
10% buy 10% sell 80% waiting
  • #8,504
  • Mar 16, 2020 11:14am Mar 16, 2020 11:14am
Quoting prozor7
congrats to all who have successful day. happy for you! maybe this post will help someone? this is not success post, it is quite opposite. I hear that when you got frustrated (like me today) best thing to do is to take a walk. well it didn't help, one look @ market make me more frustrated. 1. never lose confidence in yourself 2. never change yours trading style 3. always stick with trading plan 4. never give up 5. don't panic I was able to break all the rules above today!
Hey were humans not machines, well I forgot about Trader Ron.

Anyway I trade 3-4 times a day with 1-3 pairs.

It's a lot simpler that way for me.

As long as you know the right direction everything else will fall into place.
Patience, let the trade come to you.
  • #8,505
  • Mar 16, 2020 11:14am Mar 16, 2020 11:14am
Quoting tmxp100d
{quote} Thanks a lot for this tip TraderR0N. I'm thankful for all the knowledge which gets shared in this thread!

You are most welcome.
10% buy 10% sell 80% waiting
  • #8,506
  • Mar 16, 2020 11:15am Mar 16, 2020 11:15am
Quoting mayfairtrade
{quote} It's quite the achievement to break ALL in one day! But HEY! Reds are as important as Blues and Greens - Think of yourself today as that unexpected retracement before you fly up into your TP (haha)
believe me it wasn't easy
Forex can only be understood backwards, but it must be traded forwards.
  • #8,507
  • Mar 16, 2020 11:15am Mar 16, 2020 11:15am
Quoting PokerChip
{quote} Hey were humans not machines, well I forgot about Trader Ron. Anyway I trade 3-4 times a day with 1-3 pairs. It's a lot simpler that way for me. As long as you know the right direction everything else will fall into place.
lol......
10% buy 10% sell 80% waiting
  • #8,508
  • Mar 16, 2020 11:16am Mar 16, 2020 11:16am
Gold 4 hour chart update.

Gold moving the right direction.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdi-h4-tw-corp-gold.png Size: 37 KB
Patience, let the trade come to you.
  • #8,509
  • Mar 16, 2020 11:21am Mar 16, 2020 11:21am
Quoting TraderR0N
{quote} You are most welcome.
Is this because AUD is a Risk On currency and also strongly connected to chinese economy?

So if virus is still a problem no one would buy AUD against EUR right?
  • #8,510
  • Mar 16, 2020 11:23am Mar 16, 2020 11:23am
Quoting tmxp100d
{quote} Is this because AUD is a Risk On currency and also strongly connected to chinese economy? So if virus is still a problem no one would buy AUD against EUR right?
Yes indeed you are right. It is good to know so that you can plan your trade.
10% buy 10% sell 80% waiting
  • #8,511
  • Mar 16, 2020 11:23am Mar 16, 2020 11:23am
Quoting PokerChip
{quote} Hey were humans not machines, well I forgot about Trader Ron. Anyway I trade 3-4 times a day with 1-3 pairs. It's a lot simpler that way for me. As long as you know the right direction everything else will fall into place.
lol Ron is from different dimension

AUDCAD buy 0.85531 & 0.85148 loss
AUDJPY buy 64.460 & 64.250 loss
GBPUSD buy 1.22689 & 1.22340 give up

good analysis BAD trading
Forex can only be understood backwards, but it must be traded forwards.
  • #8,512
  • Mar 16, 2020 11:24am Mar 16, 2020 11:24am
Quoting PokerChip
{quote} Hey were humans not machines, well I forgot about Trader Ron. Anyway I trade 3-4 times a day with 1-3 pairs. It's a lot simpler that way for me. As long as you know the right direction everything else will fall into place.
Hi PokerChip,

thank you very much for opening this thread and for all the information!

Please let me ask you, do you just focus on 1-3 pairs and don't look at any others in between?

I somehow think I would be a better trader when I would just observe 4-6 pairs constanstly and not look at others....
  • #8,513
  • Mar 16, 2020 11:26am Mar 16, 2020 11:26am
Quoting prozor7
{quote} lol Ron is from different dimension AUDCAD buy 0.85531 & 0.85148 loss AUDJPY buy 64.460 & 64.250 loss GBPUSD buy 1.22689 & 1.22340 give up good analysis BAD trading
I want to strike hard now and enjoy my early retirement. That is my goal.. I will teach my kids to trade if they have the passion in trading.. they told me seeing the way I trade and stays up late or never sleep scare them away from trading. Hahaha..
10% buy 10% sell 80% waiting
  • #8,514
  • Mar 16, 2020 11:34am Mar 16, 2020 11:34am
Quoting tmxp100d
{quote} Thanks a lot for this tip TraderR0N. I'm thankful for all the knowledge which gets shared in this thread!
That's what this thread is all about, is sharing good knowledge.

No reason in the world not to help a fellow trader.

I can only speak for myself, but when I see a trader that's been in this thread asking questions and learning and making good trades.

That makes me feel like were accomplishing everything that this thread is all about.
Patience, let the trade come to you.
  • #8,515
  • Mar 16, 2020 11:34am Mar 16, 2020 11:34am
Quoting TraderR0N
{quote} I want to strike hard now and enjoy my early retirement. That is my goal.. I will teach my kids to trade if they have the passion in trading.. they told me seeing the way I trade and stays up late or never sleep scare them away from trading. Hahaha..
I have the same goal gentleman, let's achieve it together!
  • #8,516
  • Mar 16, 2020 11:38am Mar 16, 2020 11:38am
Quoting PokerChip
Gold 4 hour chart update. Gold moving the right direction. {image}
Wow, eyes of a hawk
  • #8,517
  • Mar 16, 2020 11:40am Mar 16, 2020 11:40am
53 viewing this thread PokerChip, you can rest easy you are making a difference, we should all buy you a drink, then let you trade! lol
  • #8,518
  • Mar 16, 2020 11:48am Mar 16, 2020 11:48am
Quoting TraderR0N
{quote} I want to strike hard now and enjoy my early retirement. That is my goal.. I will teach my kids to trade if they have the passion in trading.. they told me seeing the way I trade and stays up late or never sleep scare them away from trading. Hahaha..
I sold my business and got early retire.

my daughter is passionate for trading (she is good) but I'm afraid that I'm not good mentor for her.
frustrating episodes that I have is definitely not good influence.

no matter what you have doing in your life, (I have a vivid life experience), trading is in my opinion most difficult occupation that will bring all the worst in you in matter of seconds.
Forex can only be understood backwards, but it must be traded forwards.
  • #8,519
  • Mar 16, 2020 11:57am Mar 16, 2020 11:57am
Quoting tmxp100d
{quote} Hi PokerChip, thank you very much for opening this thread and for all the information! Please let me ask you, do you just focus on 1-3 pairs and don't look at any others in between? I somehow think I would be a better trader when I would just observe 4-6 pairs constanstly and not look at others....
You're welcome for thread and information, and by the way this is everyone's thread.

On every Saturday rain or shine I try to find 1-3 pairs to trade for the next week.

As of right now, they're GBP/USD, USD/JPY, and XAU/USD (gold)

There are about 8-10 pairs that work well with the jail break system.

The GBP pairs, JPY pairs, USD pairs and Gold from time to time.

Forex trading is addicting, and if you're not careful you can make money, which just happens to be the root of all evil.

But seriously, we need money to survive in this world today.

In the beginning forex trading was hard, I mean punch my monitor hard. Oh ya

Then after I was a confirmed losing forex trader, I finally figured out what the hell I was doing wrong.

It was staring at the jail break system on my monitor all this time and I just didn't know it.

I promised myself if I get forex figured out I'm sharing this with everyone that will listen.

That's how this thread got started.

Then one day the machine showed up, and brother Trader Ron is a trading machine, I kind you not.

Eats, breaths, he's a true trading machine.
Patience, let the trade come to you.
  • #8,520
  • Mar 16, 2020 11:58am Mar 16, 2020 11:58am
Quoting priceey
53 viewing this thread PokerChip, you can rest easy you are making a difference, we should all buy you a drink, then let you trade! lol

Ha ha thank you, it's the machine Trader Ron they're here to see.

But thank you anyways.
Patience, let the trade come to you.
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