The Jail Break System | Page 499 | Forex Factory

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The Jail Break System

  • #9,961
  • Mar 27, 2020 10:35am Mar 27, 2020 10:35am
Quoting PokerChip
{quote} Right now it's moved 488 pips up with no retracement.
Yup - lets hope this up move doesn't mirror the sell off to the left!!
  • #9,962
  • Mar 27, 2020 10:42am Mar 27, 2020 10:42am
Quoting Wellington
{quote} Yup - lets hope this up move doesn't mirror the sell off to the left!!
Looking at the ADR (courtesy of Billytt) this could still move up another 100 points
  • #9,963
  • Mar 27, 2020 10:53am Mar 27, 2020 10:53am
Quoting Wellington
{quote} Looking at the ADR (courtesy of Billytt) this could still move up another 100 points
Yep, it's grew legs and is on the run.
Patience, let the trade come to you.
  • #9,964
  • Mar 27, 2020 10:59am Mar 27, 2020 10:59am
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.
Okay, I've decided that if it does indeed bounce off 107.690 I'm going to buy it again for a 3rd time.
Patience, let the trade come to you.
  • #9,965
  • Mar 27, 2020 11:07am Mar 27, 2020 11:07am
will close all my positions by end of the day
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #9,966
  • Mar 27, 2020 11:14am Mar 27, 2020 11:14am
Quoting prozor7
will close all my positions by end of the day {image}
OMG yaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,967
  • Mar 27, 2020 11:16am Mar 27, 2020 11:16am
Quoting PokerChip
{quote} Okay, I've decided that if it does indeed bounce off 107.690 I'm going to buy it again for a 3rd time.
I have to give it to you Poker Chip. Very few if any are so brutally honest about their losing trades/trades in draw down. You are a notch above the rest.
  • #9,968
  • Mar 27, 2020 11:19am Mar 27, 2020 11:19am
AUDUSD : Long @ 0.5980'3 - Target met @ 0.6136'3
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD (240 Minute) 2020_03_27 (16_18_04).png Size: 94 KB
  • #9,969
  • Mar 27, 2020 11:21am Mar 27, 2020 11:21am
Quoting aaven
{quote} I have to give it to you Poker Chip. Very few if any are so brutally honest about their losing trades/trades in draw down. You are a notch above the rest.
I'm stuck 2 times in USD/JPY trade if it bounces off 107.690 I'll buy it.

My GBP/JPY is finally moving up.

I entered a buy AT 122.800 on GBP/USD.

This is not one of my better trading days.

That's what I get for getting up early.

I should have stayed in bed until my normal wake up time.
Patience, let the trade come to you.
  • #9,970
  • Mar 27, 2020 11:25am Mar 27, 2020 11:25am
Quoting PokerChip
{quote} I'm stuck 2 times in USD/JPY trade if it bounces off 107.690 I'll buy it. My GBP/JPY is finally moving up. I entered a buy AT 122.800 on GBP/USD. This is not one of my better trading days. That's what I get for getting up early. I should have stayed in bed until my normal wake up time.
Same here, PC. Normally I should be in bed by now but I am still watching cable. LOL
  • #9,971
  • Mar 27, 2020 11:27am Mar 27, 2020 11:27am
GBPCHF: Long @ 1.1597'9 - target filled @ 1.1866
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF (240 Minute) 2020_03_27 (16_26_39).png Size: 119 KB
  • #9,972
  • Mar 27, 2020 11:28am Mar 27, 2020 11:28am
Quoting PokerChip
{quote} I'm stuck 2 times in USD/JPY trade if it bounces off 107.690 I'll buy it. My GBP/JPY is finally moving up. I entered a buy AT 122.800 on GBP/USD. This is not one of my better trading days. That's what I get for getting up early. I should have stayed in bed until my normal wake up time.
Don't beat yourself up so hard. there aren't many souls on FF that even get the direction right,let alone time the entry price. even if they do so, it is some strategy that isn't scalable. You and the strategy you laid out is a big thumbs up in my book.
  • #9,973
  • Mar 27, 2020 11:42am Mar 27, 2020 11:42am
Quoting billytt
{quote} OMG yaaaaaaaaaaaaaaaaaaaaaaaay

with EA I was able to profit 1193 pips +6,79% with 53 negative trades (7 negative gold buy) R:R 1:3

plan to improve to 1:5
Forex can only be understood backwards, but it must be traded forwards.
  • #9,974
  • Mar 27, 2020 11:50am Mar 27, 2020 11:50am
Quoting aaven
{quote} Don't beat yourself up so hard. there aren't many souls on FF that even get the direction right,let alone time the entry price. even if they do so, it is some strategy that isn't scalable. You and the strategy you laid out is a big thumbs up in my book.
Thanks Aaven
Patience, let the trade come to you.
  • #9,975
  • Mar 27, 2020 11:51am Mar 27, 2020 11:51am
Quoting prozor7
{quote} with EA I was able to profit 1193 pips +6,79% with 53 negative trades (7 negative gold buy) R:R 1:3 plan to improve to 1:5
WOW, thats nearly as good as me, lol. ((((( JOKING ))))) well done bud...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,976
  • Mar 27, 2020 11:51am Mar 27, 2020 11:51am
Quoting prozor7
{quote} with EA I was able to profit 1193 pips +6,79% with 53 negative trades (7 negative gold buy) R:R 1:3 plan to improve to 1:5
Excellent, can you make it go full auto ?

How many trades did it make ? Just curious.
Patience, let the trade come to you.
  • #9,977
  • Mar 27, 2020 11:52am Mar 27, 2020 11:52am
Quoting billytt
{quote} 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.
Thanks Billytt.

I have been there too. Emotions drives greed and fear which does not help much in trading. When I learnt this lesson and finally learnt to walk away with losses, my trading improves alot.

What I learnt is that everyone has a inner voice (subconscious) that speaks to our mind. This inner voice will interrupt our thinking when we are emotionally affected.
It can be graving for food, feeling tire when running, etc. If one is able to manage this inner voice to speak positively, or calm it now, human being is able to achieve far greater result. Some teaching call this "mind over body", some call this "subconscious competence", etc.

Sometime it takes people to learn it in a hard way. =)

Have fun trading!
  • #9,978
  • Mar 27, 2020 11:52am Mar 27, 2020 11:52am
Catch you guys later, if not, HAVE A GOOD WEEK END,
BE CAREFUL, TAKE CARE ALL.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,979
  • Mar 27, 2020 11:54am Mar 27, 2020 11:54am
Quoting billytt
Catch you guys later, if not, HAVE A GOOD WEEK END, BE CAREFUL, TAKE CARE ALL.
Have a great weekend sir Billy.

Please stay safe.
Patience, let the trade come to you.
  • #9,980
  • Mar 27, 2020 11:56am Mar 27, 2020 11:56am
Quoting fistno
{quote} Thanks Billytt. I have been there too. Emotions drives greed and fear which does not help much in trading. When I learnt this lesson and finally learnt to walk away with losses, my trading improves alot. What I learnt is that everyone has a inner voice (subconscious) that speaks to our mind. This inner voice will interrupt our thinking when we are emotionally affected. It can be graving for food, feeling tire when running, etc. If one is able to manage this inner voice to speak positively, or calm it now, human being is able to achieve far...
If you can look at past trades, and see where you won and were you lost.
You will probably see a pattern, and you will know that you have winners after a fail,
So if on Monday you have a fail coming up, let it go BECAUSE you know you will get more winners.
An easy fail is easier to fix than a big bad fail.
10 easier to fix than 100
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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