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The Jail Break System

  • #11,801
  • Apr 16, 2020 8:53am Apr 16, 2020 8:53am
Quoting PokerChip
{quote} I like that photo.
i love that foto, i always laugh at it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,802
  • Apr 16, 2020 8:54am Apr 16, 2020 8:54am
Quoting billytt
{quote} i love that foto, i always laugh at it.
Lol, it does make you laugh.
Patience, let the trade come to you.
  • #11,803
  • Apr 16, 2020 9:00am Apr 16, 2020 9:00am
Hi PC - question for you about margins. As someone who always advocates having as much margin as possible so that you won't fall victim to the MMs stop hunts, I was just wondering how comfortable you are in having these brokers hold such large sums of your money (especially in today's climate where the world has turned upside down) and if you have your certain thresholds that you'll allow each broker to hold - obv I'm not asking you to disclose actual figures. Personally I've always only put into my broker account the minimum amount that allows me to trade the lot size I want, holding the rest back in my bank accounts. So, for example it may seem, as far as the broker is concerned that I'm risking 20% per trade when in actuality I'm only risking 2% of my actual capital. Obviously the downside to this is that there will be a maximum size imposed upon me and I will be forced to place stops or top up margin. I remember we had an issue here in the UK a number of years ago when a certain bank became insolvent and people were advised that they were only to be covered for up to £40k (I think it was) savings per bank. Was just wondering what your thoughts were?

I'm also long GBPUSD so hoping we rally too
  • #11,804
  • Apr 16, 2020 9:04am Apr 16, 2020 9:04am
Quoting PokerChip
I have a sell order for AUD/CAD .90300 {image}
Looks to me we're at Level 2 - is this a quick counter trade you're going for or am I reading the chart wrong?
  • #11,805
  • Apr 16, 2020 9:10am Apr 16, 2020 9:10am
Quoting Wellington
{quote} Looks to me we're at Level 2 - is this a quick counter trade you're going for or am I reading the chart wrong?
I'm a bit above the 3rd level.
Patience, let the trade come to you.
  • #11,806
  • Apr 16, 2020 9:38am Apr 16, 2020 9:38am
Quoting PokerChip
{quote} I'm a bit above the 3rd level.
Gotcha...I'll check again, thanks
  • #11,807
  • Apr 16, 2020 9:45am Apr 16, 2020 9:45am
AUD/CAD 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: audcadi-h4-tw-corp-a-c-2.png Size: 44 KB
Patience, let the trade come to you.
  • #11,808
  • Apr 16, 2020 9:45am Apr 16, 2020 9:45am
Attached Image (click to enlarge)
Click to Enlarge Name: senti aud cad.png Size: 84 KB
  • #11,809
  • Apr 16, 2020 9:50am Apr 16, 2020 9:50am
Quoting pamc
{image}
Wow, I have more gadgets than James Bond.

That's interesting stuff.
Patience, let the trade come to you.
  • #11,810
  • Apr 16, 2020 9:52am Apr 16, 2020 9:52am
GBP/USD 4 hour chart.

Do you see the outside red candle ?

That is the market maker trapping sellers.

The market maker is going to move the pair up higher just as soon as he runs out of sellers.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 37 KB
Patience, let the trade come to you.
  • #11,811
  • Apr 16, 2020 9:54am Apr 16, 2020 9:54am
Quoting PokerChip
GBP/USD 4 hour chart. Do you see the outside red candle ? That is the market maker trapping sellers. The market maker is going to move the pair up higher just as soon as he runs out of sellers. {image}
lol, i am short, was long , my long had some fail but now corrected
t 15-54
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,812
  • Apr 16, 2020 9:55am Apr 16, 2020 9:55am
Quoting pamc
{image}
That's very interesting, cant believe so many people have jumped on the short side when it doensnt really look like its about to happen anytime soon
  • #11,813
  • Apr 16, 2020 10:01am Apr 16, 2020 10:01am
Quoting PokerChip
{quote} Wow, I have more gadgets than James Bond. That's interesting stuff.

all sentiment related.
  • #11,814
  • Apr 16, 2020 10:05am Apr 16, 2020 10:05am
Is this a huge stop hunt on GBPUSD, what the hell is going on today?!
  • #11,815
  • Apr 16, 2020 10:07am Apr 16, 2020 10:07am
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf 1604.png Size: 65 KB

heres one i took yesterday 2 positions at the top yestrdays high and added another today .
  • #11,816
  • Apr 16, 2020 10:07am Apr 16, 2020 10:07am
Quoting thevisitor
Hello, GU may revisit 1.2380
expected sell off started

1.2400 - 1.2380
  • #11,817
  • Apr 16, 2020 10:08am Apr 16, 2020 10:08am
Quoting SidneyMagal
Is this a huge stop hunt on GBPUSD, what the hell is going on today?!
He's trapping, it will move back up.
Patience, let the trade come to you.
  • #11,818
  • Apr 16, 2020 10:09am Apr 16, 2020 10:09am
Quoting pamc
{image} heres one i took yesterday 2 positions at the top yestrdays high and added another today .
Ah, Fractals
Patience, let the trade come to you.
  • #11,819
  • Apr 16, 2020 10:09am Apr 16, 2020 10:09am
Quoting billytt
{quote} lol, i am short, was long , my long had some fail but now corrected t 15-54
Good job Billy, I'm stuck lol.

Not for long though.
Patience, let the trade come to you.
  • #11,820
  • Apr 16, 2020 10:10am Apr 16, 2020 10:10am
Quoting Mtinifx
{quote} If we can break through this strong support around 1.2450 - could be looking good for a nice ride down! {image}
Looking a lot nicer for the bears now!

Not sure where people are seeing bulls??
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