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The Jail Break System

  • #9,921
  • Mar 27, 2020 4:31am Mar 27, 2020 4:31am
Cable. speak about life in the fast lane.

Low broke for a few, then a second short which i lost 2 points. ( and yes i have a stop on) <<<<<< very very rare.

High broke yaaaaaaaaaaaaaaay for a few more.
I am just waiting for a dip then hopefully a re entry.

t 09-31
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,922
  • Mar 27, 2020 5:07am Mar 27, 2020 5:07am
t 10-05
my Cable long was closed ages ago.
i am hoping to get in to a trade again later if/when my trade area is re visited. open/lowest
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,923
  • Mar 27, 2020 5:34am Mar 27, 2020 5:34am
Good morning all, brand new poster here and trying to grasp PokerChip's excellent system. Based on PC's post yesterday, I looked at GBP/JPY and came up with this analysis. Is this the correct approach? We should expect a reversal at some point today, yes? Thanks in advance for any and all pointers. I am about 40 pages into this thread and will keep reading.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy3-27-20.jpg Size: 116 KB
  • #9,924
  • Mar 27, 2020 5:54am Mar 27, 2020 5:54am
these are my current positions opened toady:
Attached Image

closed during the Asian session:
AUDUSD - buy
GBPJPY - buy
EURUSD - sell
NZDUSD - sell
Forex can only be understood backwards, but it must be traded forwards.
  • #9,925
  • Mar 27, 2020 6:01am Mar 27, 2020 6:01am
GBPCAD
CAD is overstretched (sell)
potential pullback @ 1.72949 - 1.73379
Forex can only be understood backwards, but it must be traded forwards.
  • #9,926
  • Mar 27, 2020 6:01am Mar 27, 2020 6:01am
Quoting prozor7
these are my current positions opened toady: {image} closed during the Asian session: AUDUSD - buy GBPJPY - buy EURUSD - sell NZDUSD - sell

that beats my 1 trade lol, do well bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,927
  • Mar 27, 2020 6:18am Mar 27, 2020 6:18am
Quoting billytt
{quote} that beats my 1 trade lol, do well bud.
with only one trade I feel naked
Forex can only be understood backwards, but it must be traded forwards.
  • #9,928
  • Mar 27, 2020 6:19am Mar 27, 2020 6:19am
Quoting prozor7
GBPCAD CAD is overstretched (sell) potential pullback @ 1.72949 - 1.73379
did anyone catch this beautiful 60 pips move

Edit:
trading is all about timing and this one was within 0.9 pip (9 points on 5th decimal)
"precision is penance"
Forex can only be understood backwards, but it must be traded forwards.
  • #9,929
  • Mar 27, 2020 6:31am Mar 27, 2020 6:31am
GBP/JPY 4 hour chart update.

The pair is trading inside the 2nd level.

It might retrace below the box maybe to 131.000

Trade Safe.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyi-h4-tw-corp-g-j-2.png Size: 41 KB
Patience, let the trade come to you.
  • #9,930
  • Mar 27, 2020 6:34am Mar 27, 2020 6:34am
Quoting prozor7
{quote} with only one trade I feel naked
NAKED !!!!!
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,931
  • Mar 27, 2020 6:34am Mar 27, 2020 6:34am
Anyone wondering about that quick dip from GBP, it was because UK prime minister Boris Johnson has just tested positive for CoronaVirus
  • #9,932
  • Mar 27, 2020 6:35am Mar 27, 2020 6:35am
Quoting prozor7
{quote} did anyone catch this beautiful 60 pips move Edit: trading is all about timing and this one was within 0.9 pip (9 points on 5th decimal) "precision is penance"
i am exact on my main trade sell trades.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,933
  • Mar 27, 2020 6:35am Mar 27, 2020 6:35am
GBP/USD 4 hour chart update.

Right now the pair has moved up 430 pips.

I can't believe the market maker has not retraces yet.

He must be asleep at the wheel.

Patience.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 34 KB
Patience, let the trade come to you.
  • #9,934
  • Mar 27, 2020 6:35am Mar 27, 2020 6:35am
hi PC, hope you are well.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,935
  • Mar 27, 2020 6:37am Mar 27, 2020 6:37am
Quoting billytt
hi PC, hope you are well.....
Good morning sir Billy.

I hope you are well too.
Patience, let the trade come to you.
  • #9,936
  • Mar 27, 2020 6:37am Mar 27, 2020 6:37am
Quoting SidneyMagal
Anyone wondering about that quick dip from GBP, it was because UK prime minister Boris Johnson has just tested positive for CoronaVirus
MM use this type of news for stophunt/ push price to trap traders.

IMHO, cable is about to shoot north once the slow grinding is over. I might be wrong.
  • #9,937
  • Mar 27, 2020 6:39am Mar 27, 2020 6:39am
USD/JPY 4 hour chart update.

The pair has retraced 300 pips as of right now.

I think it's on the move higher, I hope so because I'm stuck right now.
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.
  • #9,938
  • Mar 27, 2020 6:46am Mar 27, 2020 6:46am
Quoting Wellington
{quote} I hope you're right - I went short a little earlier on on the hope of a retracement and all those green bars
How bad are you stuck ?
Patience, let the trade come to you.
  • #9,939
  • Mar 27, 2020 6:58am Mar 27, 2020 6:58am
USD/JPY

On the 4 hour chart if this current red candle closes green, I'll make a buy entry.

300 pips of red candles to the left.

That's a lot of acreage.
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.
  • #9,940
  • Mar 27, 2020 7:31am Mar 27, 2020 7:31am
Quoting billytt
{quote} NAKED !!!!! {image}
MM looking for my trade CADJPY buy hanging
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.jpg Size: 157 KB
Forex can only be understood backwards, but it must be traded forwards.
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