The Jail Break System | Page 488 | Forex Factory

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The Jail Break System

  • #9,741
  • Mar 26, 2020 7:16am Mar 26, 2020 7:16am
Quoting TraderR0N
{quote} Hi mate, You will see buyers at around 0.96600 - 0.95500 for moving back north. Nice sell trade. Nail on. Cheers.
I'll watch out for them - thanks!
  • #9,742
  • Mar 26, 2020 7:18am Mar 26, 2020 7:18am
Quoting SidneyMagal
Morning all, Thanks for the help PokerChip, maintaining icecream stock is very important. Ive been going through a lot of the examples on this thread and I couldn't find an example of this... The 13ma has crossed back through the 800, but the 50 has just crossed up through the 200. Should that be a red flag indicating I should wait further on this? Or is it more likely assuming this current 4h candle closes south of the box that 50 is going back through the 200ma and we are about to have a downward movement. Note- Im not entering either way on this...
Good morning SidneyMagal,
Ice Cream helps me trade better, ha.

Anyway, I don't use ema's because they are a lagging indicator as you well know.

And that's exactly what the market maker wants a trader using, so he can trap you and run the pair the opposite direction.

Moral to the story is always make sure you are trading in the right direction, then make your entry when the chart looks bad against you.

See the opposite of what the chart tells you.
Patience, let the trade come to you.
  • #9,743
  • Mar 26, 2020 7:21am Mar 26, 2020 7:21am
Quoting PokerChip
{quote} Good morning SidneyMagal, Ice Cream helps me trade better, ha. Anyway, I don't use ema's because they are a lagging indicator as you well know. And that's exactly what the market maker wants a trader using, so he can trap you and run the pair the opposite direction. Moral to the story is always make sure you are trading in the right direction, then make your entry when the chart looks bad against you. See the opposite of what the chart tells you.
Hi PC, hope you are we,,.
We have nice sunshine coming through the trees, but it isnt that warm yet, lovely and bright and £££££
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,744
  • Mar 26, 2020 7:22am Mar 26, 2020 7:22am
Quoting gill1988
Hi PC I try to figure out how to draw These blue boxes. Could you help me please. Is there any tutorials for that. thanks gill
Hello Gill,
On your MT4 look to the upper left for the word insert, then click on it and scroll down to shapes and you'll find rectangles.
Trade Safe
Patience, let the trade come to you.
  • #9,745
  • Mar 26, 2020 7:25am Mar 26, 2020 7:25am
Quoting PokerChip
{quote} Hello Gill, On your MT4 look to the upper left for the word insert, then click on it and scroll down to shapes and you'll find rectangles. Trade Safe
thanks PC
Gannicus killer
  • #9,746
  • Mar 26, 2020 7:29am Mar 26, 2020 7:29am
Quoting tmxp100d
Making new experiences everyday, hopefully I will grow as a trader like you guys. {image} {image}
Nice trades, please be careful on these counter trades in the GBP pairs.

They can turn on you in a heart beat.
Patience, let the trade come to you.
  • #9,747
  • Mar 26, 2020 7:34am Mar 26, 2020 7:34am
USD/JPY 4 hour chart update.

I've entered a buy trade at 109.820
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyi-h4-tw-corp-u-j.png Size: 38 KB
Patience, let the trade come to you.
  • #9,748
  • Mar 26, 2020 7:34am Mar 26, 2020 7:34am
Quoting PokerChip
{quote} Nice trades, please be careful on these counter trades in the GBP pairs. They can turn on you in a heart beat.
Thank you PC for your advice.

I always need to make the worst experiences for myself, after I learn something, that's why I trade really small until I'm more confident.

I did some SBK1000 Racing some years ago. Oh boy, cost a lot of money, crashed very often in my early days, but that made me more confident and faster.

Hopefully this kind of learning style/technique works in trading as well. :-D

Edit: GBPJPY, moved SL to BE+20, got stopped out...

Well better than a loss. :-D
  • #9,749
  • Mar 26, 2020 7:36am Mar 26, 2020 7:36am
GBP/JPY 4 hour chart update.

I just entered a buy trade at 131.151
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyi-h4-tw-corp-g-j.png Size: 40 KB
Patience, let the trade come to you.
  • #9,750
  • Mar 26, 2020 7:38am Mar 26, 2020 7:38am
'In the week ending March 21, the advance figure for seasonally adjusted initial claims was 3,283,000, an increase of 3,001,000 from the previous week's revised level'

should be enough to scare off the bulls, for now..
  • #9,751
  • Mar 26, 2020 7:39am Mar 26, 2020 7:39am
Quoting tmxp100d
{quote} Thank you PC for your advice. I always need to make the worst experiences for myself, after I learn something, that's why I trade really small until I'm more confident. I did some SBK1000 Racing some years ago. Oh boy, cost a lot of money, crashed very often in my early days, but that made me more confident and faster. Hopefully this kind of learning style/technique works in trading as well. :-D Edit: GBPJPY, moved SL to BE+20, got stopped out... Well better than a loss. :-D
You're welcome, GBP/JPY and GBP/USD are moving higher.

I would recommend that you always try and buy below a box.

More pips that way, buy when the chart looks the worst.
Patience, let the trade come to you.
  • #9,752
  • Mar 26, 2020 7:40am Mar 26, 2020 7:40am
Quoting SidneyMagal
'In the week ending March 21, the advance figure for seasonally adjusted initial claims was 3,283,000, an increase of 3,001,000 from the previous week's revised level' should be enough to scare off the bulls, for now..
Wow, I thought they would be higher.

Thanks for posting the information.
Patience, let the trade come to you.
  • #9,753
  • Mar 26, 2020 7:40am Mar 26, 2020 7:40am
Quoting PokerChip
{quote} You're welcome, GBP/JPY and GBP/USD are moving higher. I would recommend that you always try and buy below a box. More pips that way, buy when the chart looks the worst.
Yeah, I still do what the chart tells me...

You say it very often, look at a chart and do the opposite of what it looks like...

I have to make some more mistakes until I finally learn it, some things take longer on my side. :-D
  • #9,754
  • Mar 26, 2020 7:42am Mar 26, 2020 7:42am
GBP/USD 4 hour chart update.

I'm still in my buy trade from yesterday at 1.18150

I'm not closing the trade until the pair moves to the box.

Patience
Patience, let the trade come to you.
  • #9,755
  • Mar 26, 2020 7:42am Mar 26, 2020 7:42am
Good morning everyone.
Patience, let the trade come to you.
  • #9,756
  • Mar 26, 2020 7:44am Mar 26, 2020 7:44am
Quoting PokerChip
{quote} You're welcome, GBP/JPY and GBP/USD are moving higher. I would recommend that you always try and buy below a box. More pips that way, buy when the chart looks the worst.
Im short on USDCHF and I think a few others from the group are short on USD pairs atm, I was thinking anything above 200,000,000 does us all a favour
  • #9,757
  • Mar 26, 2020 7:46am Mar 26, 2020 7:46am
Quoting PokerChip
USD/JPY 4 hour chart update. I've entered a buy trade at 109.820 {image}
Good Morning Brad, do you always look to enter when price has retraced against the original direction?

Thanks
  • #9,758
  • Mar 26, 2020 7:54am Mar 26, 2020 7:54am
Quoting tmxp100d
{quote} Yeah, I still do what the chart tells me... You say it very often, look at a chart and do the opposite of what it looks like... I have to make some more mistakes until I finally learn it, some things take longer on my side. :-D
Its the same as with my 2 marriages,
When i was to say, I DO, i should of done the opposite I DON'T, WOULD YOU lol

Trade well, and its all learning, even for me.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,759
  • Mar 26, 2020 8:05am Mar 26, 2020 8:05am
Quoting billytt
{quote} Its the same as with my 2 marriages, When i was to say, I DO, i should of done the opposite I DON'T, WOULD YOU lol Trade well, and its all learning, even for me.
  • #9,760
  • Mar 26, 2020 8:23am Mar 26, 2020 8:23am
Quoting PokerChip
Good morning everyone.
Good morning PokerChip.
10% buy 10% sell 80% waiting
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