The Jail Break System | Page 580 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Break Out + Pull Back & Pure Break Outs 59 replies

BB break + trendline break 24 replies

Looking for L > Break High Break Low Indicator 1 reply

A break below - A Break Above Question 1 reply

Attachments: The Jail Break System
Exit Attachments

The Jail Break System

  • #11,581
  • Apr 13, 2020 12:06pm Apr 13, 2020 12:06pm
Quoting PokerChip
{quote} Are you still long ? If you are still long I would be thinking about closing the trade.
No
i have shorted at .8893
Gannicus killer
  • #11,582
  • Apr 13, 2020 12:19pm Apr 13, 2020 12:19pm
Quoting gill1988
{quote} No i have shorted at .8893
Excellent, I think you might have gotten in to early but you'll be okay.

It will start moving lower.
Patience, let the trade come to you.
  • #11,583
  • Apr 13, 2020 12:22pm Apr 13, 2020 12:22pm
Quoting PokerChip
{quote} Excellent, I think you might have gotten in to early but you'll be okay. It will start moving lower.
thank you sir
what should be the TP ?
Gannicus killer
  • #11,584
  • Apr 13, 2020 12:26pm Apr 13, 2020 12:26pm
Quoting PokerChip
{quote} Excellent, I think you might have gotten in to early but you'll be okay. It will start moving lower.
Do you know how I knew he was in to early? because im already in the trade!

I really really need to work on patience and confirmation candles, because I see one pip in my favour and assume its the reversal, terrible. I think today was a tricky day anyway, but not having proper confirmation is a quick method to blow up an account
  • #11,585
  • Apr 13, 2020 12:29pm Apr 13, 2020 12:29pm
Quoting SidneyMagal
{quote} Do you know how I knew he was in to early? because im already in the trade! I really really need to work on patience and confirmation candles, because I see one pip in my favour and assume its the reversal, terrible. I think today was a tricky day anyway, but not having proper confirmation is a quick method to blow up an account
What price did you get in at ?
Patience, let the trade come to you.
  • #11,586
  • Apr 13, 2020 12:31pm Apr 13, 2020 12:31pm
Quoting gill1988
{quote} No i have shorted at .8893
I'm waiting for triggering SHORT ENTRY.......
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 11 KB
  • #11,587
  • Apr 13, 2020 12:44pm Apr 13, 2020 12:44pm
Quoting gill1988
{quote} thank you sir what should be the TP ?
You should get to .8840 with no problem.
Patience, let the trade come to you.
  • #11,588
  • Apr 13, 2020 12:55pm Apr 13, 2020 12:55pm
Quoting PokerChip
{quote} You should get to .8840 with no problem.
thanks a lot pc
Gannicus killer
  • #11,589
  • Apr 13, 2020 12:57pm Apr 13, 2020 12:57pm
My USD/CAD finally fell through the floor. +236 pips on .2 lot since last night.

  • #11,590
  • Apr 13, 2020 12:58pm Apr 13, 2020 12:58pm
Quoting gill1988
{quote} thanks a lot pc
You're welcome sir.
Patience, let the trade come to you.
  • #11,591
  • Apr 13, 2020 12:59pm Apr 13, 2020 12:59pm
Quoting VicarPhilip
My USD/CAD finally fell through the floor. +236 pips on .2 lot since last night.
Very nice trade.

I like that, fell through the floor.

Can I use that later ?
Patience, let the trade come to you.
  • #11,592
  • Apr 13, 2020 1:07pm Apr 13, 2020 1:07pm
Quoting PokerChip
{quote} Very nice trade. I like that, fell through the floor. Can I use that later ?
Ha anytime PC, even though you've been buying a few pairs here and there you're still a "short" guy at heart!

And she's still dropping!
  • #11,593
  • Apr 13, 2020 1:10pm Apr 13, 2020 1:10pm
Quoting PokerChip
{quote} What price did you get in at ?
0.8861, not horrible, but it looks like its going up before it comes down.
Ive been stopped out on all my other trades today though
  • #11,594
  • Apr 13, 2020 1:36pm Apr 13, 2020 1:36pm
Quoting VicarPhilip
{quote} Ha anytime PC, even though you've been buying a few pairs here and there you're still a "short" guy at heart! And she's still dropping!
I like to sell because they drop so much quicker than when they go up.

Trader Ron really was the one that got me to start buying.

I was never a buyer, I always would sell.
Patience, let the trade come to you.
  • #11,595
  • Apr 13, 2020 1:42pm Apr 13, 2020 1:42pm
Quoting SidneyMagal
{quote} 0.8861, not horrible, but it looks like its going up before it comes down. Ive been stopped out on all my other trades today though
.8861 if your margin is okay don't let yourself get stopped out on this sell trade.

Because this pair is on it's way down.

Some day you'll learn not to use a stop.

That stop is a tool of the market maker.

I would recommend to you to build that margin way up and forget about the stop.

I know it takes time, Rome wasn't built in a day.

When you have your margin built up and you never use a stop. You'll be a completely different trader.
Patience, let the trade come to you.
  • #11,596
  • Apr 13, 2020 1:44pm Apr 13, 2020 1:44pm
WTI Oil daily chart update.

No bottom yet.
Attached Image (click to enlarge)
Click to Enlarge Name: wticrude-d1-tw-corp-oil.png Size: 30 KB
Patience, let the trade come to you.
  • #11,597
  • Apr 13, 2020 1:56pm Apr 13, 2020 1:56pm
Quoting SidneyMagal
{quote} 0.8861, not horrible, but it looks like its going up before it comes down. Ive been stopped out on all my other trades today though
Remember the box, the box is not going to lie to you.

When you want to make a sell trade, you want to (always) sell above the box.

You sold in the box, which is okay because you are still learning. But next time sell above the box and you'll grab more pips.

And more pips will help you pump up your margin level quicker. The bigger the margin the closer you come to be untouchable.
Patience, let the trade come to you.
  • #11,598
  • Apr 13, 2020 2:20pm Apr 13, 2020 2:20pm
Quoting PokerChip
{quote} .8861 if your margin is okay don't let yourself get stopped out on this sell trade. Because this pair is on it's way down. Some day you'll learn not to use a stop. That stop is a tool of the market maker. I would recommend to you to build that margin way up and forget about the stop. I know it takes time, Rome wasn't built in a day. When you have your margin built up and you never use a stop. You'll be a completely different trader.
To be fair, ive not been using a stop for a few weeks now, as your 100percent correct its for the MM, in fact I think I might have got that from you in the 1st place. But with the USDJPY Id been holding it had got to the point where I decided earlier I was wrong and so put a SL, maybe I should have just closed manually.
  • #11,599
  • Apr 13, 2020 2:34pm Apr 13, 2020 2:34pm
I think what I find the hardest is once we feel we know the direction how to decide where the top is, it possibly springs back up into where we assume the Reversal box would be, or if you look at that H1 chart its been going down for 5 hours already (I know H4 is better but for illustration the H1 showed that peak clearer), how do we know this is not then the top and the reversal has already gone? Jump in now and be below the box, don't trade now and miss the move, it must be one of the hardest things to master
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
  • #11,600
  • Apr 13, 2020 3:19pm Apr 13, 2020 3:19pm
Quoting SidneyMagal
I think what I find the hardest is once we feel we know the direction how to decide where the top is, it possibly springs back up into where we assume the Reversal box would be, or if you look at that H1 chart its been going down for 5 hours already (I know H4 is better but for illustration the H1 showed that peak clearer), how do we know this is not then the top and the reversal has already gone? Jump in now and be below the box, don't trade now and miss the move, it must be one of the hardest things to master {image}
If you make your candles smaller that will help you see the flow of the direction better.

Bigger candles won't help you much.

Help me help you.
Patience, let the trade come to you.
8 traders viewing now