The Jail Break System | Page 511 | Forex Factory

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The Jail Break System

  • #10,201
  • Mar 30, 2020 9:04am Mar 30, 2020 9:04am
Quoting jado911
PC, I'm not actively trading this pair, but looking for you feed back on the levels location being correct or not.thanks -Jad {image}
AUS/USD 4 hour chart update.
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Patience, let the trade come to you.
  • #10,202
  • Mar 30, 2020 9:10am Mar 30, 2020 9:10am
Quoting PokerChip
{quote} AUS/USD 4 hour chart update. {image}
Thanks, Seems that I'm a bit off, Are those what you refer to as RR tracks?
  • #10,203
  • Mar 30, 2020 9:10am Mar 30, 2020 9:10am
PokerChip is gonna be so proud of me! Its almost like I understand what im doing, almost
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  • #10,204
  • Mar 30, 2020 9:12am Mar 30, 2020 9:12am
Quoting SidneyMagal
PokerChip is gonna be so proud of me! Its almost like I understand what im doing, almost {image}
I am also proud of youn SM: nice light chart.

No complications
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #10,205
  • Mar 30, 2020 9:15am Mar 30, 2020 9:15am
Quoting VicarPhilip
{quote} PC is the consolidation occurring right now not already Level 3? Is it too close to Level 2 and could range for some time? {image}
Thank you for posting your chart.

I really screwed this chart up.

Right now I have GBP/USD at the 2nd level.

I have changed my GBP/USD chart.
Attached Image (click to enlarge)
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Patience, let the trade come to you.
  • #10,206
  • Mar 30, 2020 9:17am Mar 30, 2020 9:17am
Quoting jado911
{quote} Thanks, Seems that I'm a bit off, Are those what you refer to as RR tracks?
Yes, they're railroad tracks.

Railroad tracks mean a change is coming.
Patience, let the trade come to you.
  • #10,207
  • Mar 30, 2020 9:18am Mar 30, 2020 9:18am
PC, AUDCAD, similarly looking for confirmation. Thanks!
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  • #10,208
  • Mar 30, 2020 9:19am Mar 30, 2020 9:19am
Quoting jado911
PC, AUDCAD, similarly looking for confirmation. Thanks! {image}
There you go, excellent.

Nice charting.

You're catching on.
Patience, let the trade come to you.
  • #10,209
  • Mar 30, 2020 9:20am Mar 30, 2020 9:20am
Quoting SidneyMagal
PokerChip is gonna be so proud of me! Its almost like I understand what im doing, almost {image}
I almost forgot, when you make the candles smaller the levels are easier to see.

And if you switch over to a line chart they're even easier to see.
Patience, let the trade come to you.
  • #10,210
  • Mar 30, 2020 9:22am Mar 30, 2020 9:22am
Quoting PokerChip
{quote} Thank you for posting your chart. I really screwed this chart up. Right now I have GBP/USD at the 2nd level. I have changed my GBP/USD chart. {image}
Thanks for that, and you are quite welcome for my small contribution. I have learned more in this thread from the last 4 days than I did a year ago when I tried my Forex hand and failed miserably, thankfully demo only.

If I may flog this poor dead horse a bit more what differentiates the railroad tracks we see at the 1.2200-ish level from a level as opposed to a breather on the way up to level 2? Thanks for your time!
  • #10,211
  • Mar 30, 2020 9:24am Mar 30, 2020 9:24am
Note: For you traders that are new at forex trading.

Trade forex by looking at the chart, don't pay attention to the news.

The news is a distraction and will cloud the mind, at least it does to me.

Market makers love to confuse traders.
Patience, let the trade come to you.
  • #10,212
  • Mar 30, 2020 9:24am Mar 30, 2020 9:24am
Quoting PokerChip
{quote} There you go, excellent. Nice charting. You're catching on.
Thanks PC! lots of free time to review your informative thread and focus on trading. I've recently moved to INDY and I'm not able to work until I finish training so all I do now is log on my work PC for 8 hours a day and trade
  • #10,213
  • Mar 30, 2020 9:27am Mar 30, 2020 9:27am
Quoting VicarPhilip
{quote} Thanks for that, and you are quite welcome for my small contribution. I have learned more in this thread from the last 4 days than I did a year ago when I tried my Forex hand and failed miserably, thankfully demo only. If I may flog this poor dead horse a bit more what differentiates the railroad tracks we see at the 1.2200-ish level from a level as opposed to a breather on the way up to level 2? Thanks for your time!
The 122 was like a pit stop, it pulled into the gas station and filled up and went to the bathroom and left the gas station.

It just didn't spend enough time there, (not enough candles to qualify to be a level).
Patience, let the trade come to you.
  • #10,214
  • Mar 30, 2020 9:29am Mar 30, 2020 9:29am
Quoting Harry6
{quote} I am also proud of youn SM: nice light chart. No complications
I hope you're not still in that sell trade with GBP/USD.
Patience, let the trade come to you.
  • #10,215
  • Mar 30, 2020 9:30am Mar 30, 2020 9:30am
Quoting PokerChip
{quote} The 122 was like a pit stop, it pulled into the gas station and filled up and went to the bathroom and left the gas station. It just didn't spend enough time there, (not enough candles to qualify to be a level).
LOL love your analogy, got it.
  • #10,216
  • Mar 30, 2020 9:41am Mar 30, 2020 9:41am
Quoting VicarPhilip
{quote} LOL love your analogy, got it.
We have to keep trading simple.
Patience, let the trade come to you.
  • #10,217
  • Mar 30, 2020 9:52am Mar 30, 2020 9:52am
Quoting prozor7
USDCAD CAD is overstretched (sell) possible pullback @ 1.41768 - 1.41838
USDCAD - update
close short 50 pips ride
possible reload later @ 1.41997
Forex can only be understood backwards, but it must be traded forwards.
  • #10,218
  • Mar 30, 2020 9:54am Mar 30, 2020 9:54am
Quoting prozor7
{quote} USDCAD - update close short 50 pips ride possible reload later @ 1.41997
How's your EA doing today ?

I've not used it yet, but plan on using it soon.
Patience, let the trade come to you.
  • #10,219
  • Mar 30, 2020 9:57am Mar 30, 2020 9:57am
GBPCHF
possible up to 1.20160 - 1.20662
Forex can only be understood backwards, but it must be traded forwards.
  • #10,220
  • Mar 30, 2020 10:08am Mar 30, 2020 10:08am
EURUSD 4H ,
Mr Pokerchip, at EURUSD ,what do you think sir ?
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