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The Jail Break System

  • #10,281
  • Mar 30, 2020 5:54pm Mar 30, 2020 5:54pm
Quoting PokerChip
{quote} Hello Froggy, There's always tomorrow.
yep....that's what I keep telling myself
Stay green!!!
  • #10,282
  • Mar 30, 2020 5:55pm Mar 30, 2020 5:55pm
Quoting PokerChip
{quote} Hello Froggy, There's always tomorrow.
Shouldn't you be in bed sleeping by this time?
Stay green!!!
  • #10,283
  • Mar 30, 2020 6:12pm Mar 30, 2020 6:12pm
Quoting PokerChip
{quote} I made 3 trades today, 2 buy trades in GBP/CAD and 1 buy trade in USD/JPY. I had a good day. I'm still stuck 3 times in USD/JPY. Waiting for that pair to start moving higher.
Poker Chip,

Jail Break method obviously work. Have you ever tried automating completely via EA including the decision making process i.e. full fledged, it could take out the stress of
watching continuously and ability to monitor many more pairs?

Thanks
  • #10,284
  • Mar 30, 2020 6:27pm Mar 30, 2020 6:27pm
Quoting Froggy
{quote} Shouldn't you be in bed sleeping by this time?
Nope, it's only 7:24 pm here.

Getting ready to go downstairs to workout.

Seated front military's, 5 sets of 5 reps (135) pounds

Bench press warm up 135 pounds, 4 sets of 5 of 210 pounds I usually try to do 10 reps on the 5th set.

Tomorrow squat day !
Patience, let the trade come to you.
  • #10,285
  • Mar 30, 2020 6:28pm Mar 30, 2020 6:28pm
Quoting aaven
{quote} Poker Chip, Jail Break method obviously work. Have you ever tried automating completely via EA including the decision making process i.e. full fledged, it could take out the stress of watching continuously and ability to monitor many more pairs? Thanks
Ha, I would love to see a full auto jail break EA.

That would make my day.
Patience, let the trade come to you.
  • #10,286
  • Mar 30, 2020 6:36pm Mar 30, 2020 6:36pm
Quoting PokerChip
{quote} Nope, it's only 7:24 pm here. Getting ready to go downstairs to workout. Seated front military's, 5 sets of 5 reps (135) pounds Bench press warm up 135 pounds, 4 sets of 5 of 210 pounds I usually try to do 10 reps on the 5th set. Tomorrow squat day !
LOL I knew there was some other reason I liked you PC! Fellow meathead here, all our gyms are closed so I bought 3 pairs of dumbbells, a flat bench, and built a pullup bar in the garage. I always dread leg day but they're my best bodypart... I'm a small guy and gettin old (53) but a few years ago my buddy and I were back squatting ATG 315X6. Man I miss those days, happy to get 225X10 now.
  • #10,287
  • Mar 30, 2020 6:47pm Mar 30, 2020 6:47pm
Quoting PokerChip
{quote} Nope, it's only 7:24 pm here. Getting ready to go downstairs to workout. Seated front military's, 5 sets of 5 reps (135) pounds Bench press warm up 135 pounds, 4 sets of 5 of 210 pounds I usually try to do 10 reps on the 5th set. Tomorrow squat day !
Yes I can see that!!!

Seriously, physical exercises are as important as mind exercise to keep healthy and agile, most particularly with what is happening. So good on you!!!!!
Attached Image
Stay green!!!
  • #10,288
  • Mar 30, 2020 6:47pm Mar 30, 2020 6:47pm
Quoting PokerChip
{quote} Ha, I would love to see a full auto jail break EA. That would make my day.
Poker Chip,

It looks like it can be done with your inputs. if the rules can be defined in a quantitative way, i don't see any reason why not.
Although, i don't think any run of the mill coder found on mql market place would be up for it. As they code only for money and won't be as invested as trader who also codes.

Do you have any previous documentation{if you talked to any coder} that you used?

In my opinion, Jail Break system is truly a worthy endeavor. Attaching the Railroad tracks happening on Dow Jones Daily-When the whole world is breaking it's head consfused by the conflicting signals, but the reason is clear as to why-

Attached Image (click to enlarge)
Click to Enlarge Name: Dow jones.png Size: 31 KB


Thanks
  • #10,289
  • Mar 30, 2020 6:48pm Mar 30, 2020 6:48pm
Quoting VicarPhilip
{quote} LOL I knew there was some other reason I liked you PC! Fellow meathead here, all our gyms are closed so I bought 3 pairs of dumbbells, a flat bench, and built a pullup bar in the garage. I always dread leg day but they're my best bodypart... I'm a small guy and gettin old (53) but a few years ago my buddy and I were back squatting ATG 315X6. Man I miss those days, happy to get 225X10 now.
hey, hey hey watch out 53 isn't old!!!!!! (I just turned 59)
Stay green!!!
  • #10,290
  • Mar 30, 2020 6:54pm Mar 30, 2020 6:54pm
Quoting PokerChip
GBP/USD 4 hour chart update. Railroad tracks are also building on this pair. Change coming. {image}
Hi PC.

So this current price action on GU we seeing it as a Level 2? Looks nasty on a M15 but still tradeable as per yesterday's trade.

I guess end of the month not helping things along but we will see.
Empty your mind and let the market guide you
  • #10,291
  • Mar 30, 2020 6:58pm Mar 30, 2020 6:58pm
Quoting Froggy
{quote} yep....that's what I keep telling myself
Froggy, you're going to be a great forex trader.

I can tell your smart, and you have a good attitude.

Every trader here that I have talked to seems bright and willing to learn. I have blocked 7 off this thread because they want to be different from us.

It all boils down to is this, how quick can all this information can be absorbed.

As long as you know what direction a pair is going that's half the battle. Always know where your at on a chart.

Here's the other half of the battle: Has it reversed ? What level are you at ? If it's buy situation always remember to buy below the box.
If it's a sell situation you want to sell above the box.

Be a discipline trader, learn to trade on the 4 hour chart, and use the daily chart for direction.

If it's close to a reversal wait for it to reverse then make your entry.

Don't let the news influence you. I don't watch the news. Your trading the charts not the news.

Let the trade come to you, never chase a trade.

When you look at a chart you need to see the opposite, this is very important.

Build your margin level up to 50,000-100,000 and you'll be untouchable by the market maker, the market maker knows every traders margin level.
Use a broker with at least 1-1000 leverage, this will help with building a big margin.

When you feel yourself mentally getting tired, stop trading, There is always tomorrow.
When you get mentally tired you make mistakes in trading, take it from me it's no fun being stuck for 4 months in the same trade. It wears you down.

Get plenty of sleep, it will help you see a chart so much better.

Set a goal of so many trades per day and stick to the goal. Always stay positive.

If you have read this thread front to back, then it's time to start trading. I would recommend on a demo if you are new to forex trading.

I hope this helps everyone.
Patience, let the trade come to you.
  • #10,292
  • Edited 7:15pm Mar 30, 2020 6:59pm | Edited 7:15pm
Quoting Froggy
{quote} hey, hey hey watch out 53 isn't old!!!!!! (I just turned 59)
Hey hey, I'm 63, you were close, ha ha.

It's not the age, it's the mileage.

It's better to look good than feel good, ha ha.
Patience, let the trade come to you.
  • #10,293
  • Mar 30, 2020 7:14pm Mar 30, 2020 7:14pm
Quoting SunnyCoast
{quote} Hi PC. So this current price action on GU we seeing it as a Level 2? Looks nasty on a M15 but still tradeable as per yesterday's trade. I guess end of the month not helping things along but we will see.
SunnyCoast,
Looks nasty on 15 minute chart ? That's we/I trade on the 4 hour chart. And use the daily chart for the direction.

GBP/USD is going up, I'm not sure how high, but I can guarantee you 100% it's going higher.

If I you are looking to buy, please wait until it drops below the 2nd level box, it will be worth it.

I hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 39 KB
Patience, let the trade come to you.
  • #10,294
  • Mar 30, 2020 7:39pm Mar 30, 2020 7:39pm
That was some prose right there PokerChip thank you. I was feeling pretty cocky from 3 good trades today and couldn't leave it, started 3 more tonight after work and pretty sure I pulled the trigger too quickly. Fellow traders make sure you heed PC's advice above to wait until you're below the box to buy and above the box to sell. Golden.
  • #10,295
  • Mar 30, 2020 7:40pm Mar 30, 2020 7:40pm
Quoting PokerChip
{quote} SunnyCoast, Looks nasty on 15 minute chart ? That's we/I trade on the 4 hour chart. And use the daily chart for the direction. GBP/USD is going up, I'm not sure how high, but I can guarantee you 100% it's going higher. If I you are looking to buy, please wait until it drops below the 2nd level box, it will be worth it. I hope this helps. {image}
Haha no worries.

I have the way I trade so no need to worry, but it is interesting to follow your helicopter perspective has a very high degree of accuracy which is nice.
Empty your mind and let the market guide you
  • #10,296
  • Mar 30, 2020 7:56pm Mar 30, 2020 7:56pm
Quoting PokerChip
{quote} Froggy, you're going to be a great forex trader. I can tell your smart, and you have a good attitude. Every trader here that I have talked to seems bright and willing to learn. I have blocked 7 off this thread because they want to be different from us. It all boils down to is this, how quick can all this information can be absorbed. As long as you know what direction a pair is going that's half the battle. Always know where your at on a chart. Here's the other half of the battle: Has it reversed ? What level are you at ? If it's buy situation...
Thank you for the kind words and your generosity, very much appreciated.
Stay green!!!
  • #10,297
  • Mar 30, 2020 8:07pm Mar 30, 2020 8:07pm
Quoting SunnyCoast
{quote} Haha no worries. I have the way I trade so no need to worry, but it is interesting to follow your helicopter perspective has a very high degree of accuracy which is nice.
Do you see why you want to be a buyer below the box ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u-2.png Size: 39 KB
Patience, let the trade come to you.
  • #10,298
  • Mar 30, 2020 8:07pm Mar 30, 2020 8:07pm
Quoting Froggy
{quote} Thank you for the kind words and your generosity, very much appreciated.
You're welcome
Patience, let the trade come to you.
  • #10,299
  • Mar 30, 2020 8:08pm Mar 30, 2020 8:08pm
Quoting VicarPhilip
That was some prose right there PokerChip thank you. I was feeling pretty cocky from 3 good trades today and couldn't leave it, started 3 more tonight after work and pretty sure I pulled the trigger too quickly. Fellow traders make sure you heed PC's advice above to wait until you're below the box to buy and above the box to sell. Golden.
So are you a buyer in GBP/USD ?

I think it's going to drop again. The market maker is trapping sellers right now, because it's going higher.

It will probably go down to around 1.22700 this time, anything close to that you'll be golden. Not sure what your margin is though. If you don't have margin don't buy it.

If you do have the margin, after you make your entry, you'll be looking at 5-7 hours of movement to around 1.25000.

Good luck, and good night everyone.
Patience, let the trade come to you.
  • #10,300
  • Mar 30, 2020 8:14pm Mar 30, 2020 8:14pm
Quoting PokerChip
{quote} Do you see why you want to be a buyer below the box ? {image}
H1 looks ready......
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
Stay green!!!
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