The Jail Break System | Page 569 | Forex Factory

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The Jail Break System

  • #11,361
  • Apr 9, 2020 7:06am Apr 9, 2020 7:06am
GBP/CHF 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfi-h4-tw-corp-g-c.png Size: 35 KB
Patience, let the trade come to you.
  • #11,362
  • Apr 9, 2020 7:09am Apr 9, 2020 7:09am
GBP/JPY 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyi-h4-tw-corp-g-j.png Size: 37 KB
Patience, let the trade come to you.
  • #11,363
  • Apr 9, 2020 7:15am Apr 9, 2020 7:15am
Quoting PokerChip
Good morning everyone.
good morning / day PC
Forex can only be understood backwards, but it must be traded forwards.
  • #11,364
  • Apr 9, 2020 7:18am Apr 9, 2020 7:18am
GPD/USD railroad tracks.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u-2.png Size: 37 KB
Patience, let the trade come to you.
  • #11,365
  • Apr 9, 2020 7:18am Apr 9, 2020 7:18am
Quoting prozor7
{quote} good morning / day PC
Good morning Pro7

Stay safe.
Patience, let the trade come to you.
  • #11,366
  • Apr 9, 2020 7:20am Apr 9, 2020 7:20am
I never liked Line Charts; in the process of studying this method, I start to like the damn line chart...is this normal?
Determination + Persistence = Success
  • #11,367
  • Apr 9, 2020 7:21am Apr 9, 2020 7:21am
WTI Oil railroad tracks.
Attached Image (click to enlarge)
Click to Enlarge Name: wticrude-d1-tw-corp-wti-oil.png Size: 32 KB
Patience, let the trade come to you.
  • #11,368
  • Apr 9, 2020 7:22am Apr 9, 2020 7:22am
Quoting SKLearn
I never liked Line Charts; in the process of studying this method, I start to like the damn line chart...is this normal?
Ha, line charts are very accurate.

A traders friend.
Patience, let the trade come to you.
  • #11,369
  • Apr 9, 2020 7:26am Apr 9, 2020 7:26am
Possibly looking to take a long on CADJPY, especially with OPEC meeting today, inside the box though, so maybe wait on the entry?
Im also looking at USDCAD for a short, which is also trading inside the level 1 box on my chart, but it has been there since march 26th
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Click to Enlarge Name: Screenshot1.png Size: 20 KB
  • #11,370
  • Apr 9, 2020 7:27am Apr 9, 2020 7:27am
Quoting PokerChip
GBP/USD 4 hour chart update. {image}
Patience of a saint
  • #11,371
  • Apr 9, 2020 7:27am Apr 9, 2020 7:27am
Quoting VicarPhilip
If anyone is an Excel whiz I could use some help figuring out how to make a combo box which would allow me to choose the up arrow or down arrow. I know you guys are bright, can you help a brutha out??
it was loooong time that I work in Excel
1. Start MT4 DDE - Tools - Options - Server - "Enable DDE server" - connecting MT4 & Excel
2. Excel - in Cell insert formula ='MT4'|HIGH!AUDCAD - Excel & MT4 connected (HIGH, ASK, BID, LOW)
3. Excel - Home - "Conditional Formatting"

and in the end you will have something like this real time data collecting
Attached Image (click to enlarge)
Click to Enlarge Name: excel.png Size: 106 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #11,372
  • Apr 9, 2020 7:28am Apr 9, 2020 7:28am
Quoting billytt
{quote} all is well here bud, I have a beach but cannot go on it, the forest is different because there is no one here, its all secluded. Perfect for an axe wielding mad man/woman lol.
Beach at Milford-on-sea is quiet bill. Not much sand but a nice walk and nice view of isle of wight
  • #11,373
  • Apr 9, 2020 7:28am Apr 9, 2020 7:28am
Quoting RieseP
{quote} Patience of a saint
I agree 100%
Patience, let the trade come to you.
  • #11,374
  • Apr 9, 2020 7:49am Apr 9, 2020 7:49am
Quoting PokerChip
{quote} I agree 100%
It be good for a few people to talk about the psychological side of trading how it effects there strategy outcome/targets etc. We all have a certain degree of knowledge when it comes to trading then why do so many people find it difficult to be consistent over period of time?

When you do start to make the transition into being a consistent profitable trader what was the trait/behaviour that changed in order for you to accomplish this?
  • #11,375
  • Apr 9, 2020 7:56am Apr 9, 2020 7:56am
in my perspective, when a trader uses proper lot size it gives more comfort and relaxed mind; thus allows to study the market well. Relaxed Mind is the key, at least for me.
It is very hard to lose when a trader is using proper lot size.
Determination + Persistence = Success
  • #11,376
  • Apr 9, 2020 8:01am Apr 9, 2020 8:01am
Quoting SKLearn
in my perspective, when a trader uses proper lot size it gives more comfort and relaxed mind; thus allows to study the market well. Relaxed Mind is the key, at least for me. It is very hard to lose when a trader is using proper lot size.
good money management
  • #11,377
  • Apr 9, 2020 8:04am Apr 9, 2020 8:04am
Quoting RieseP
{quote} It be good for a few people to talk about the psychological side of trading how it effects there strategy outcome/targets etc. We all have a certain degree of knowledge when it comes to trading then why do so many people find it difficult to be consistent over period of time? When you do start to make the transition into being a consistent profitable trader what was the trait/behaviour that changed in order for you to accomplish this?
For me I'm a technical trader, I'm looking for price action.
Patience, let the trade come to you.
  • #11,378
  • Apr 9, 2020 8:06am Apr 9, 2020 8:06am
Quoting SKLearn
in my perspective, when a trader uses proper lot size it gives more comfort and relaxed mind; thus allows to study the market well. Relaxed Mind is the key, at least for me. It is very hard to lose when a trader is using proper lot size.
I agree proper lot size does help control the emotion side of trading.

A relaxed trader I think is going to be able to make the correct decision.
Patience, let the trade come to you.
  • #11,379
  • Apr 9, 2020 8:09am Apr 9, 2020 8:09am
GBP/USD flying high again.

Next test 1.26000
Patience, let the trade come to you.
  • #11,380
  • Apr 9, 2020 8:10am Apr 9, 2020 8:10am
Quoting PokerChip
{quote} I agree proper lot size does help control the emotion side of trading. A relaxed trader I think is going to be able to make the correct decision.

Yes sir.
Like TradeRon sir says 80% waiting; a trader can not wait 80% of the time if the lot size is too big for the account; that also makes one to be impatient with TP.
with right lot size, I can wait for the market to hit the TP; otherwise I want to close with few pips.
Determination + Persistence = Success
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