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The Jail Break System

  • #10,001
  • Mar 27, 2020 11:05am Mar 27, 2020 11:05am
Quoting pamc
{quote} Demo time i guess
Here's some trades.
Attached Image
Patience, let the trade come to you.
  • #10,002
  • Mar 27, 2020 11:05am Mar 27, 2020 11:05am
Quoting pamc
{quote} Demo time i guess
i entered 7 trades early this morning, and went out, just got back with 6 closed for a little over 600pips and waiting for USDCHF to keep dropping. should get 235 off that at least when it closes..
  • #10,003
  • Mar 27, 2020 11:06am Mar 27, 2020 11:06am
Quoting SKLearn
Sold USDCAD 1.4123
Closed.
USDCAD was very generous this week.

Thanks PockerChip sir and TraderRon sir for sharing, teaching and trading this awesome method.
Determination + Persistence = Success
  • #10,004
  • Mar 27, 2020 11:07am Mar 27, 2020 11:07am
Quoting PokerChip
{quote} Ha, he's using it live.
jesus...already??
  • #10,005
  • Mar 27, 2020 11:07am Mar 27, 2020 11:07am
Quoting pamc
{quote} i entered 7 trades early this morning, and went out, just got back with 6 closed for a little over 600pips and waiting for USDCHF to keep dropping. should get 235 off that at least when it closes..
That's excellent.

I'm stuck 2 times in USD/JPY, wanting for it to bounce.
Patience, let the trade come to you.
  • #10,006
  • Mar 27, 2020 11:08am Mar 27, 2020 11:08am
Quoting pamc
{quote} jesus...already??
Yep, he said it was the easiest trading for him in 8 years.
Patience, let the trade come to you.
  • #10,007
  • Mar 27, 2020 11:09am Mar 27, 2020 11:09am
Quoting SKLearn
{quote} Closed. USDCAD was very generous this week. Thanks PockerChip sir and TraderRon sir for sharing, teaching and trading this awesome method.
Hey, you did all the work.

You're learning now.

You're welcome.
Patience, let the trade come to you.
  • #10,008
  • Mar 27, 2020 11:12am Mar 27, 2020 11:12am
I have been trying to read the thread from the beginning. Though I haven't gotten even through 10 percent of it, I must commend poker chip for the simplicity of his trading plan. Been checking my charts and tracing those rectangles to find the demand/supply areas and possible breakouts. Pokerchip, you've unearthed a goldmine. I wish I had seen this before I started trading. By the way, this thread has inspired me to become a member of forexfactory. Coupled with the help from various respondents here especially Billytt, trader ron, Pokerchip and prozor, this is one of the most educative if not the post educative thread here. Thumbs up to every body here and thank you for the education.
  • #10,009
  • Mar 27, 2020 11:16am Mar 27, 2020 11:16am
Quoting PokerChip
{quote} That's excellent. I'm stuck 2 times in USD/JPY, wanting for it to bounce.
relax its bottoming. Heavy sellers volume has entered and thus will go up soon. maybe monday. I think dollar will recover significantly across the board just for the coming week. close the next week positive green weekly candle and drop like a stone to 88 at least possibly 77ish
  • #10,010
  • Mar 27, 2020 11:17am Mar 27, 2020 11:17am
Quoting prozor7
AUDCAD CAD is outstretched (buy) potential pullback @ 0.85196 - 0.85042 for long
AUDCAD - update
there is major resistance @ 0.86442 - 0.86775
possible pullback to 0.85106
Forex can only be understood backwards, but it must be traded forwards.
  • #10,011
  • Mar 27, 2020 11:19am Mar 27, 2020 11:19am
back in an hour or so.
  • #10,012
  • Mar 27, 2020 11:20am Mar 27, 2020 11:20am
Quoting pamc
back in an hour or so.
Okay
Patience, let the trade come to you.
  • #10,013
  • Mar 27, 2020 11:21am Mar 27, 2020 11:21am
Quoting pamc
{quote} relax its bottoming. Heavy sellers volume has entered and thus will go up soon. maybe monday. I think dollar will recover significantly across the board just for the coming week. close the next week positive green weekly candle and drop like a stone to 88 at least possibly 77ish
If it bounces of 107.690 I'm going to buy again.
Patience, let the trade come to you.
  • #10,014
  • Mar 27, 2020 11:21am Mar 27, 2020 11:21am
all trades are closed
well deserved weekend is here for me
Forex can only be understood backwards, but it must be traded forwards.
  • #10,015
  • Mar 27, 2020 11:22am Mar 27, 2020 11:22am
Quoting prozor7
{quote} AUDCAD - update there is major resistance @ 0.86442 - 0.86775 possible pullback to 0.85106
So are using the EA exclusively now ?
Patience, let the trade come to you.
  • #10,016
  • Mar 27, 2020 11:24am Mar 27, 2020 11:24am
Quoting prozor7
{quote} morning b, everything is ok looking forward for deserved weekend. wife was good to me and bake some chocolate cookies. I read here that it will help with trading
it is true
Forex can only be understood backwards, but it must be traded forwards.
  • #10,017
  • Mar 27, 2020 11:27am Mar 27, 2020 11:27am
Quoting PokerChip
{quote} So are using the EA exclusively now ?
yes
EA is doing exactly what I was doing manually, most times I wasn't fast enough.

I prepare trade and start EA

Quoting prozor7
AUDCHF watching 0.58250 - 0.58031 as potential long TP 0.58824 - 0.59007
Forex can only be understood backwards, but it must be traded forwards.
  • #10,018
  • Mar 27, 2020 11:31am Mar 27, 2020 11:31am
Quoting prozor7
{quote} yes EA is doing exactly what I was doing manually, most times I wasn't fast enough. I prepare trade and start EA {quote}
That's great, I'm going to download it and try it at .01 and see how it does.

Thanks again for posting it.

Please thank your buddy for me.

Have a great weekend.
Patience, let the trade come to you.
  • #10,019
  • Mar 27, 2020 11:37am Mar 27, 2020 11:37am
Quoting PokerChip
{quote} That's great, I'm going to download it and try it at .01 and see how it does. Thanks again for posting it. Please thank your buddy for me. Have a great weekend.
in AUDCHF example trader risk 22 pips for 57 pips gain R:R - 1:2.6
Forex can only be understood backwards, but it must be traded forwards.
  • #10,020
  • Mar 27, 2020 11:39am Mar 27, 2020 11:39am
GBPUSD approaching the 61.80% Fib Level so perhaps retraces from there (fingers crossed )

Let's see what happens...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD (240 Minute) 2020_03_27 (18_37_33).png Size: 87 KB
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