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The Jail Break System

  • #9,941
  • Mar 27, 2020 8:03am Mar 27, 2020 8:03am
Sold USDCAD 1.4123
Determination + Persistence = Success
  • #9,942
  • Mar 27, 2020 8:21am Mar 27, 2020 8:21am

USD/JPY 4 hour chart


I just entered a buy at 108.893

Attached Image (click to enlarge)
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Patience, let the trade come to you.
  • #9,943
  • Mar 27, 2020 8:24am Mar 27, 2020 8:24am
Quoting PokerChip
USD/JPY 4 hour chart I just entered a buy at 108.893 {image}
Me too at 108,887!

Im a big USD fan today
  • #9,944
  • Mar 27, 2020 8:33am Mar 27, 2020 8:33am
Looking at EUR/JPY and looked like a reversal and level 1 to me, shorted at 119.696 and $400 profit so far. Thumbs up from me on this system PC, thanks for sharing it!
Attached Image (click to enlarge)
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  • #9,945
  • Mar 27, 2020 8:40am Mar 27, 2020 8:40am
Quoting SidneyMagal
{quote} Me too at 108,887! Im a big USD fan today
I think the reason why it's not moving up is because the market maker is still loading up on sellers.

I think once he has enough sellers trapped the pair moves up.

We will see.
Patience, let the trade come to you.
  • #9,946
  • Mar 27, 2020 9:02am Mar 27, 2020 9:02am
It's so satisfying to see your teachings play out in the real world PokerChip... EUR/JPY showing a classic bump upwards on the trip down to take out stop orders. Waiting for Level 2 when I'll Take Profit.
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  • #9,947
  • Mar 27, 2020 9:30am Mar 27, 2020 9:30am
Quoting PokerChip
{quote} I think the reason why it's not moving up is because the market maker is still loading up on sellers. I think once he has enough sellers trapped the pair moves up. We will see.
You still holding on PokerChip?

Im getting worried!
Ive got other USD trades in the can as well...
  • #9,948
  • Mar 27, 2020 9:32am Mar 27, 2020 9:32am
Senator Rubio on China and the Global Economy
Senator Marco Rubio (R-FL) spoke on the chamber floor about what he called the threat of the rise of China.

Inserted Video
Determination + Persistence = Success
  • #9,949
  • Mar 27, 2020 9:42am Mar 27, 2020 9:42am
Quoting SidneyMagal
{quote} You still holding on PokerChip? Im getting worried! Ive got other USD trades in the can as well...
I'm in the trade, I'm stuck 2 times now.

Probably move lower to 107.690 then hopefully bounce up.

I have a big margin.
Patience, let the trade come to you.
  • #9,950
  • Mar 27, 2020 9:46am Mar 27, 2020 9:46am
Quoting SidneyMagal
{quote} You still holding on PokerChip? Im getting worried! Ive got other USD trades in the can as well...
Hi SidneyMagal,

IMHO if a trader feel emotional in their trades, it will affect their decision and might not help a trader in the long run. And more importantly it might be you have invested too much money into the market.
Having to work out a good money management and account risk percentage will help to prevent a trader getting emotional.

All the best.
  • #9,951
  • Mar 27, 2020 9:53am Mar 27, 2020 9:53am
Quoting fistno
{quote} Hi SidneyMagal, IMHO if a trader feel emotional in their trades, it will affect their decision and might not help a trader in the long run. And more importantly it might be you have invested too much money into the market. Having to work out a good money management and account risk percentage will help to prevent a trader getting emotional. All the best.
great post
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #9,952
  • Mar 27, 2020 10:01am Mar 27, 2020 10:01am
Quoting SKLearn
Senator Rubio on China and the Global Economy Senator Marco Rubio (R-FL) spoke on the chamber floor about what he called the threat of the rise of China. https://youtu.be/UiRAW66wdV0

Good post, I'm listening to it now.
Patience, let the trade come to you.
  • #9,953
  • Mar 27, 2020 10:04am Mar 27, 2020 10:04am
Quoting PokerChip
{quote} I'm in the trade, I'm stuck 2 times now. Probably move lower to 107.690 then hopefully bounce up. I have a big margin.
PokerChip is this where you'd place the 3 levels? And looking for a reversal as you just mentioned at the next consolidation?
Attached Image (click to enlarge)
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  • #9,954
  • Mar 27, 2020 10:07am Mar 27, 2020 10:07am
Quoting fistno
{quote} Hi SidneyMagal, IMHO if a trader feel emotional in their trades, it will affect their decision and might not help a trader in the long run. And more importantly it might be you have invested too much money into the market. Having to work out a good money management and account risk percentage will help to prevent a trader getting emotional. All the best.
GOOD POST, F.
Been there ,Done it. KILL EMOTIONS THEN TRADE BETTER.
Some will come with experience if you have any money left.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,955
  • Mar 27, 2020 10:13am Mar 27, 2020 10:13am
Quoting prozor7
{quote} CADJPY watch for 77.880 - 77.322 breaking 77.880 up to 78.630 - 79.013 breaking 77.322 down to 76.918 - 76.591 I'm expecting sideways move today
CADJPY
price find support @ 76.591
long @ 76.761 TP 78.630
Forex can only be understood backwards, but it must be traded forwards.
  • #9,956
  • Mar 27, 2020 10:16am Mar 27, 2020 10:16am
Quoting fistno
{quote} Hi SidneyMagal, IMHO if a trader feel emotional in their trades, it will affect their decision and might not help a trader in the long run. And more importantly it might be you have invested too much money into the market. Having to work out a good money management and account risk percentage will help to prevent a trader getting emotional. All the best.
Great post, I appreciate, probably needed a reminder on that as well! I think not using a SL today has caused some of the panic. Ill hold for now, maybe go for a walk or something...
  • #9,957
  • Mar 27, 2020 10:17am Mar 27, 2020 10:17am
GOLD
not a single positive trade
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Forex can only be understood backwards, but it must be traded forwards.
  • #9,958
  • Mar 27, 2020 10:21am Mar 27, 2020 10:21am
Quoting PokerChip
{quote} How bad are you stuck ?
Not too badly. Traded small size and sold @ 1.2131. I have another sell order right around here to get a better average price. For me at the moment its about learning how these different pairs move so I'm happy to experiment a little even if counter to the underlying direction to get a feel for things
  • #9,959
  • Mar 27, 2020 10:25am Mar 27, 2020 10:25am
Quoting Wellington
{quote} Not too badly. Traded small size and sold @ 1.2131. I have another sell order right around here to get a better average price. For me at the moment its about learning how these different pairs move so I'm happy to experiment a little even if counter to the underlying direction to get a feel for things
Update...avg price now 1.2228
  • #9,960
  • Mar 27, 2020 10:32am Mar 27, 2020 10:32am
Quoting Wellington
{quote} Update...avg price now 1.2228
Right now it's moved 488 pips up with no retracement.
Patience, let the trade come to you.
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