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The Jail Break System

  • #8,981
  • Mar 20, 2020 8:13am Mar 20, 2020 8:13am
Quoting fistno
{quote}{quote} Hi billytt, I will say that is a pro instinct level trade. The market for today is not that smooth compare to the few days before. I wish everyday market just go one way, the highway to make my life easy. LOL
Hi F. I would say it was a line being broken and I followed the market maker.
I am just saying and not being rude
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,982
  • Mar 20, 2020 8:23am Mar 20, 2020 8:23am
Quoting PokerChip
{quote} I also think the pair is over sold. So with that in mind, you could really see it move up in a hurry.
Hi PC!

Thanks for your reply.

I used to trade higher TF but the movement is slow and so I work my way now to lower TF and found M5 more interesting for me.

I happened to stumble across your thread sometime ago and after reading your first post it remind me of a trader known as Captain Jack who trade levels as well.

Your method and concept is very interesting. I wish one day I can read levels too.

Btw, if you find my previous posts is irrelevant, i am sorry and you may please delete it so as to keep your thread.

I will stay in backstage for now to continue my learning journey in jailbreak. =)
  • #8,983
  • Mar 20, 2020 8:27am Mar 20, 2020 8:27am
Quoting billytt
{quote} Hi F. I would say it was a line being broken and I followed the market maker. I am just saying and not being rude
Never felt that at all.
It is always great to have conversation with great people.
Cheers!! =)
  • #8,984
  • Mar 20, 2020 9:00am Mar 20, 2020 9:00am
Quoting Wellington
Hi guys I've been voraciously reading through this whole thread the past couple days - up to page 315 now. Am also in the process of setting up fx capability so hopefully I'll be able to join the party soon and contribute to what makes this the most valuable and welcoming thread on FF. I have a couple of questions re trade management that I'm a little confused on and would appreciate some clarification: the first is for billytt - would you mind explaining exactly what you mean by "counter trade" (or hedge) that you use when you're in a losing position?...
Good morning Wellington,
I hope you are well. Thank you for the questions. I won't close a trade, and I don't use a stop loss. I'll wait until the trade turns back my way. I always trade in a zone using the 4 hour and daily chart, meaning if I make a buy and the pair drops I'll be okay in the long term because the pair will come back to me. The longest that I was trapped in a trade that did not reverse was 4 months, the pair was USD/CAD. At one point I was down over $30,000. I would recommend that you build up your margin to the 5-6 digits area so you can't be stopped out. This is one of the market makers tools to grab your account. I've chosen this way to trade, because I hate losses. Believe me, I've given the market makers enough money in the past. The market maker is constantly trapping retail traders. That's the reason why most charts are not clean, your always seeing pairs drop really quick on any time frame or go up really quick for no reason. This is the false move by the market maker, because he has traders trapped and he wants them to close they're trades and collect. The market makers will use any type of news to grab your account. Another advantage of having a big margin is that when you know a pair is going to move up or down you can raise your standard lot size to capitalize on the trade. I hope this helps you trade safe.
Patience, let the trade come to you.
  • #8,985
  • Mar 20, 2020 9:11am Mar 20, 2020 9:11am
Quoting fistno
{quote} Hi PC! Thanks for your reply. I used to trade higher TF but the movement is slow and so I work my way now to lower TF and found M5 more interesting for me. I happened to stumble across your thread sometime ago and after reading your first post it remind me of a trader known as Captain Jack who trade levels as well. Your method and concept is very interesting. I wish one day I can read levels too. Btw, if you find my previous posts is irrelevant, i am sorry and you may please delete it so as to keep your thread. I will stay in backstage for...
Fisto,
I hope you are well. 5 minute chart is wild, ha ha.

You'll be reading the levels, the more charts you see the easier it is to see the levels.

My goal is to teach as many traders that want to learn the jail break system, so they can be profitable traders.

I think some people are born traders, these are the ones that pick up the system quicker than other traders.

The best traders are the ones that have a passion for trading.

Have a great weekend.
Patience, let the trade come to you.
  • #8,986
  • Mar 20, 2020 9:15am Mar 20, 2020 9:15am
USD/JPY 4 hour chart update.

The pair is trading in the 3rd level now.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyi-h4-tw-corp-usd-jpy.png Size: 37 KB
Patience, let the trade come to you.
  • #8,987
  • Mar 20, 2020 9:18am Mar 20, 2020 9:18am
GBP/USD 4 hour chart update.

The pair is moving toward the 1st level.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 33 KB
Patience, let the trade come to you.
  • #8,988
  • Mar 20, 2020 9:22am Mar 20, 2020 9:22am
GBP/JPY 4 hour chart update.

The pair is moving up.

I look for the pair to move up to around 131.700 and then possibly retrace back to 127.000
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyi-h4-tw-corp-g-j.png Size: 36 KB
Patience, let the trade come to you.
  • #8,989
  • Mar 20, 2020 10:02am Mar 20, 2020 10:02am
Quoting PokerChip
{quote} Good morning Wellington, I hope you are well. Thank you for the questions. I won't close a trade, and I don't use a stop loss. I'll wait until the trade turns back my way. I always trade in a zone using the 4 hour and daily chart, meaning if I make a buy and the pair drops I'll be okay in the long term because the pair will come back to me. The longest that I was trapped in a trade that did not reverse was 4 months, the pair was USD/CAD. At one point I was down over $30,000. I would recommend that you build up your margin to the 5-6 digits...
Thanks very much Poker Chip - couldnt be any clearer. Much appreciated
  • #8,990
  • Mar 20, 2020 10:19am Mar 20, 2020 10:19am
Quoting Wellington
{quote} Thanks very much Poker Chip - couldnt be any clearer. Much appreciated
You're welcome.
Patience, let the trade come to you.
  • #8,991
  • Mar 20, 2020 11:02am Mar 20, 2020 11:02am
Poker Chip/Brad

Want to say special thanks for continuing the thread and giving live examples. Seeing the market live and comparing with your commentary is helping a lot...
  • #8,992
  • Mar 20, 2020 11:18am Mar 20, 2020 11:18am
Quoting aaven
Poker Chip/Brad Want to say special thanks for continuing the thread and giving live examples. Seeing the market live and comparing with your commentary is helping a lot...
You're welcome.
Patience, let the trade come to you.
  • #8,993
  • Mar 20, 2020 11:44am Mar 20, 2020 11:44am
Hey folks,

For a trader, the most dangerous time is just after you lost a lot of money or had a home run streak. Both mess with your mind, albeit in different ways.
As a general rule, losses make you strong and profits make you weak

Enjoy your weekends everyone.
10% buy 10% sell 80% waiting
  • #8,994
  • Mar 20, 2020 11:50am Mar 20, 2020 11:50am
Short EURUSD at 1.07440.

Short GBPUSD at 1.17370.

Short Gold at $1500.

Short AUDJPY at 65.000.
10% buy 10% sell 80% waiting
  • #8,995
  • Mar 20, 2020 12:43pm Mar 20, 2020 12:43pm
I have sold USDJPY at 111.220.

I have sold CADJPY at 77.585.

I have sold EURJPY at 118.600.

I have sold GBPJPY at 129.500.
10% buy 10% sell 80% waiting
  • #8,996
  • Mar 20, 2020 12:56pm Mar 20, 2020 12:56pm
Quoting TraderR0N
Short EURUSD at 1.07440. Short GBPUSD at 1.17370. Short Gold at $1500. Short AUDJPY at 65.000.
Short GBPUSD target achieved at 1.16500.

Have some orders for second targets.
Attached Image (click to enlarge)
Click to Enlarge Name: 3F2781D1-C9D7-47FB-80AC-D7AFD4DF6D81.png Size: 1,013 KB
10% buy 10% sell 80% waiting
  • #8,997
  • Mar 20, 2020 1:06pm Mar 20, 2020 1:06pm
Have a great weekend to everyone.
10% buy 10% sell 80% waiting
  • #8,998
  • Mar 20, 2020 1:45pm Mar 20, 2020 1:45pm
Quoting TraderR0N
Short EURUSD at 1.07440. Short GBPUSD at 1.17370. Short Gold at $1500. Short AUDJPY at 65.000.
Short Gold target achieved at $1480.
Attached Image (click to enlarge)
Click to Enlarge Name: 2528EB79-CA66-4D36-BD83-F0D86695CB38.png Size: 1.0 MB
10% buy 10% sell 80% waiting
  • #8,999
  • Mar 20, 2020 1:53pm Mar 20, 2020 1:53pm
Long EURGBP at 0.91770.

Long USDCAD at 1.43720.

Long USDCHF at 0.98741

Short AUDUSD at 0.58278.
10% buy 10% sell 80% waiting
  • #9,000
  • Mar 20, 2020 2:06pm Mar 20, 2020 2:06pm
GBP/USD 4 hour chart update.

I'm in at 1.15550, I know it's the weekend.

I think it will push up to the 1.18000

I think that this is the market maker trapping and it's a false move.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 33 KB
Patience, let the trade come to you.
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