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The Jail Break System

  • #11,041
  • Apr 6, 2020 12:19pm Apr 6, 2020 12:19pm
GBP/USD 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u-2.png Size: 41 KB
Patience, let the trade come to you.
  • #11,042
  • Apr 6, 2020 12:22pm Apr 6, 2020 12:22pm
GBP/JPY 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyi-h4-tw-corp-g-j.png Size: 39 KB
Patience, let the trade come to you.
  • #11,043
  • Apr 6, 2020 12:31pm Apr 6, 2020 12:31pm
Quoting PokerChip
GBP/JPY 4 hour chart update. {image}
hi p
is it going long ?
Gannicus killer
  • #11,044
  • Apr 6, 2020 12:34pm Apr 6, 2020 12:34pm
Quoting gill1988
{quote} hi p is it going long ?
Im not PC, but maybe I can help. Yes it should be going long in my opinion, however, this might not be the best entry point, it looks likely to re-enter the box and whip around a bit first
  • #11,045
  • Apr 6, 2020 12:36pm Apr 6, 2020 12:36pm
Quoting SidneyMagal
{quote} Im not PC, but maybe I can help. Yes it should be going long in my opinion, however, this might not be the best entry point, it looks likely to re-enter the box and whip around a bit first
thanks mate . as i am learning now on demo . try to figure it out .
thanks
Gannicus killer
  • #11,046
  • Apr 6, 2020 12:40pm Apr 6, 2020 12:40pm
Quoting PokerChip
GBP/JPY 4 hour chart update. {image}
PC what are your recommendations for TP? That's the main thing I'm struggling with. For example: I bought GBP/USD @ 1.22316 last night around 6PM, got in at a pretty good level right at the bottom of the box. It's now up 60 pips, which I'm very happy with, but I'm waiting (patiently-ish) for the JailBreak up to Level 3 for the real payoff.

The cautious side of me wants to take profit now but the greedy side is saying to hold out for the next bump. Take some profit? Buy more? I would welcome your advice. Thanks!
  • #11,047
  • Apr 6, 2020 12:56pm Apr 6, 2020 12:56pm
Quoting gill1988
{quote} hi p is it going long ?
I'm still in my buy trade.

This where patience is making you more profit.
Patience, let the trade come to you.
  • #11,048
  • Apr 6, 2020 12:58pm Apr 6, 2020 12:58pm
Quoting VicarPhilip
{quote} PC what are your recommendations for TP? That's the main thing I'm struggling with. For example: I bought GBP/USD @ 1.22316 last night around 6PM, got in at a pretty good level right at the bottom of the box. It's now up 60 pips, which I'm very happy with, but I'm waiting (patiently-ish) for the JailBreak up to Level 3 for the real payoff. The cautious side of me wants to take profit now but the greedy side is saying to hold out for the next bump. Take some profit? Buy more? I would welcome your advice. Thanks!
I'm still in my buy trade.

I'm waiting for the move up.

Hang in there, we will get there.
Patience, let the trade come to you.
  • #11,049
  • Apr 6, 2020 1:14pm Apr 6, 2020 1:14pm
Hello all,

very good system!!

I like trading systems based on pure price action WITHOUT any lagging indicators.

Keep up the great work !!!
  • #11,050
  • Apr 6, 2020 1:27pm Apr 6, 2020 1:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 19 KB


I think ive overloaded on chart time today, Ive got GBPUSD going up, EURUSD going down and EURGBP going up, how is that even going to be possible
  • #11,051
  • Apr 6, 2020 1:29pm Apr 6, 2020 1:29pm
Hi Poker Chip,

Have you ever thought to incorporate Weekly Fibonacci Levels to your charts to give it the extra level of clarity. Especially Reversal Levels and where to get out?
Just a thought. Boring day for trading. Mondays for you

Furthermore what creates the bluebox what is actually based on to put into a formula?

thanks Riese
  • #11,052
  • Apr 6, 2020 1:30pm Apr 6, 2020 1:30pm
Quoting thevisitor
Hello all, very good system!! I like trading systems based on pure price action WITHOUT any lagging indicators. Keep up the great work !!!
I like that " The Visitor "

Price action is a lot of fun to trade.

The jail break system thanks you for the compliment.
Patience, let the trade come to you.
  • #11,053
  • Apr 6, 2020 1:38pm Apr 6, 2020 1:38pm
Quoting RieseP
Hi Poker Chip, Have you ever thought to incorporate Weekly Fibonacci Levels to your charts to give it the extra level of clarity. Especially Reversal Levels and where to get out? Just a thought. Boring day for trading. Mondays for you
I think that's a good idea.

I've never used Fibonacci levels much, I think they work.

If I keep my chart clean it helps me see things better.

You should give it a try, and see if they work good together.

Once a upon a time I did try forex trading with the 3 ema and the 8 ema, and the 200 ema, with no candles.

Trading with no candles takes a lot of emotion out of trading.

When you see the ema's cross in the right direction is pretty cool though.
Patience, let the trade come to you.
  • #11,054
  • Apr 6, 2020 1:42pm Apr 6, 2020 1:42pm
GBP/USD 4 hour chart.

Railroad tracks building up.

Change coming.

Usually when they make a " U " (horseshoe) the price moves up.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 42 KB
Patience, let the trade come to you.
  • #11,055
  • Apr 6, 2020 1:45pm Apr 6, 2020 1:45pm
Quoting PokerChip
{quote} I think that's a good idea. I've never used Fibonacci levels much, I think they work. If I keep my chart clean it helps me see things better. You should give it a try, and see if they work good together. Once a upon a time I did try forex trading with the 3 ema and the 8 ema, and the 200 ema, with no candles. Trading with no candles takes a lot of emotion out of trading. When you see the ema's cross in the right direction is pretty cool though.
I am going to give it ago . they are in sync. Swing trading at it finest. but riding the trend
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot2.png Size: 241 KB
  • #11,056
  • Apr 6, 2020 2:00pm Apr 6, 2020 2:00pm
Quoting PokerChip
GBP/USD 4 hour chart. Railroad tracks building up. Change coming. Usually when they make a " U " (horseshoe) the price moves up. {image}
What are you using the alert arrow for?
  • #11,057
  • Apr 6, 2020 2:03pm Apr 6, 2020 2:03pm
Quoting SidneyMagal
{quote} What are you using the alert arrow for?
I have my volume turned up to 100% so if I'm out of my office I can hear it, or my wife will hear it and she'll say " what is that awful noise ".

Ha
Patience, let the trade come to you.
  • #11,058
  • Apr 6, 2020 2:04pm Apr 6, 2020 2:04pm
Quoting RieseP
{quote} I am going to give it ago . they are in sync. Swing trading at it finest. but riding the trend {image} {image}
Looks good.
Patience, let the trade come to you.
  • #11,059
  • Apr 6, 2020 2:13pm Apr 6, 2020 2:13pm
Quoting PokerChip
{quote} I have my volume turned up to 100% so if I'm out of my office I can hear it, or my wife will hear it and she'll say " what is that awful noise ". Ha
Haha!

That downward spike in GBP was Boris getting moved to ICU in case anyone was wondering
  • #11,060
  • Apr 6, 2020 2:30pm Apr 6, 2020 2:30pm
Quoting SidneyMagal
{quote} Haha! That downward spike in GBP was Boris getting moved to ICU in case anyone was wondering
They'll use any news to mess with the market.
Patience, let the trade come to you.
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