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The Jail Break System

  • #12,361
  • Apr 22, 2020 12:52am Apr 22, 2020 12:52am
Quoting billytt
{quote} Hi, hope you are well. What you say is true, Hedge/counter is a method which is very good, IF you can see how it works. You might be tooo clever to see that, Can you say you have never had a failed trade??? if you hedge/counter correctly you can. You do have a good argument , Trade well, Stay Safe.
Hiya Billy

Hiya Billy - Can you enlighten me a little more please? Certainly not too clever to see anything and I know this is what you use to 'fix' trades so any tips/pointers would be greatly received...
  • #12,362
  • Apr 22, 2020 1:00am Apr 22, 2020 1:00am
Quoting prozor7
{quote} morning b, like navy seal, seek and destroy
i am with that 100% yaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,363
  • Apr 22, 2020 1:07am Apr 22, 2020 1:07am
Quoting Wellington
{quote} Hiya Billy Hiya Billy - Can you enlighten me a little more please? Certainly not too clever to see anything and I know this is what you use to 'fix' trades so any tips/pointers would be greatly received...
Hi W, D does have a good point but some people just do not get the idea.
If i have a first part fail i will counter/hedge what ever you want to call it.
and yes that negative trade is now held in limbo, neither gaining nor losing, and yes we can pay charges if held over.
I fix a bad trade by then trading off a different bar/candle and chasing the daily range.
This is a standard practise which a lot of gurus etc do not speak about.
If it didn't pay, i wouldn't do it
Trade well, Stay Safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,364
  • Apr 22, 2020 1:08am Apr 22, 2020 1:08am
GBPCAD
watching 1.74997 for buy
TP 1.76498
SL 1.74068
Forex can only be understood backwards, but it must be traded forwards.
  • #12,365
  • Apr 22, 2020 1:13am Apr 22, 2020 1:13am
AUDCHF
watching 0.61343 for buy
TP1 0.62019 TP2 0.62844
SL 0.60803
Forex can only be understood backwards, but it must be traded forwards.
  • #12,366
  • Apr 22, 2020 1:18am Apr 22, 2020 1:18am
see the similarities?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU stops.png Size: 75 KB
Click to Enlarge Name: GJ stops.png Size: 73 KB
  • #12,367
  • Apr 22, 2020 1:18am Apr 22, 2020 1:18am
Quoting thevisitor
{quote} ..and believe me billy..I am not a man of the church!!

nor am i .yaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,368
  • Apr 22, 2020 1:26am Apr 22, 2020 1:26am
Quoting prozor7
GBPCHF 1.18785 D1 support / resistance GBP is overstretched (sell) expecting pullback to 1.19441 breaking this line up to 1.99999 - 1.20180 than down to 1.17843 -1.17389
GBPCHF - update
price stop @ 1.19463
if we have a pullback to 1.18899 and hold I will consider long
TP 1.19999
Forex can only be understood backwards, but it must be traded forwards.
  • #12,369
  • Apr 22, 2020 1:39am Apr 22, 2020 1:39am
Quoting billytt
{quote} Hi W, D does have a good point but some people just do not get the idea. If i have a first part fail i will counter/hedge what ever you want to call it. and yes that negative trade is now held in limbo, neither gaining nor losing, and yes we can pay charges if held over. I fix a bad trade by then trading off a different bar/candle and chasing the daily range. This is a standard practise which a lot of gurus etc do not speak about. If it didn't pay, i wouldn't do it Trade well, Stay Safe.
Thanks Billy - 'hedging' in forex is a relatively new concept for me. In futures everything nets itself off - I had no idea until quite recently that you could hold opposing positions at the same time in forex!!
  • #12,370
  • Apr 22, 2020 1:45am Apr 22, 2020 1:45am
Quoting Wellington
{quote} Thanks Billy - 'hedging' in forex is a relatively new concept for me. In futures everything nets itself off - I had no idea until quite recently that you could hold opposing positions at the same time in forex!!
Hi W, you can in the UK.
I am not advising to counter/hedge as you need a bigger bank roll.
But using a small stop VERY BAD, using a stop in general BAD.
I counter and i am more focused,
How many times have i said, i only trade one pair????
i only need one, NO DISRESPECT TO ANYONE,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,371
  • Apr 22, 2020 1:47am Apr 22, 2020 1:47am
Quoting billytt
{quote} Hi W, you can in the UK. I am not advising to counter/hedge as you need a bigger bank roll. But using a small stop VERY BAD, using a stop in general BAD. I counter and i am more focused, How many times have i said, i only trade one pair???? i only need one, NO DISRESPECT TO ANYONE,
I hear ya pal - loud and clear
  • #12,372
  • Apr 22, 2020 1:50am Apr 22, 2020 1:50am
Attached Image (click to enlarge)
Click to Enlarge Name: usd cad stops.png Size: 60 KB
  • #12,373
  • Apr 22, 2020 1:52am Apr 22, 2020 1:52am
Quoting Wellington
{quote} I hear ya pal - loud and clear

Also , you cut down on spread fees if you counter.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,374
  • Apr 22, 2020 1:56am Apr 22, 2020 1:56am
Cable, adr area low has been adjusted to 12190 area.
Attached Image


A = adr high area. A1 = adr low area.
we have a lot to play with, IF we have a fail.
My 00-00 low did fail, but i have actually already fixed it. lol
t 07-56
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,375
  • Apr 22, 2020 1:57am Apr 22, 2020 1:57am
Quoting billytt
{quote} Hi W, you can in the UK. I am not advising to counter/hedge as you need a bigger bank roll. But using a small stop VERY BAD, using a stop in general BAD. I counter and i am more focused, How many times have i said, i only trade one pair???? i only need one, NO DISRESPECT TO ANYONE,

It's interesting,with IG hedged position takes same amount of margin as original position,but with ICM or XTB not.With them,hedged position won't take more margin.
Whether you think you can, or you think you can't,you're right. H.F.
  • #12,376
  • Apr 22, 2020 2:05am Apr 22, 2020 2:05am
Quoting Simply-Me
{quote} It's interesting,with IG hedged position takes same amount of margin as original position,but with ICM or XTB not.With them,hedged position won't take more margin.
we also have more than one broker and more than one account
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,377
  • Apr 22, 2020 2:14am Apr 22, 2020 2:14am
Quoting billytt
{quote} we also have more than one broker and more than one account
My point was somewhere else

Anyway,we have no problem open hedge position unlike are US based friends with US regulated brokers.What I've heard ,if they want to open hedge, they need open it on another account.I just don't know,if it could be just another account with same broker,or it has to be another broker.
Whether you think you can, or you think you can't,you're right. H.F.
  • #12,378
  • Apr 22, 2020 2:23am Apr 22, 2020 2:23am
Quoting prozor7
EURUSD watching EURUSD 1.08514 as H1 resistance, in case that price find support @ D1 1.8544 I'm buying EURUSD Jail_EA just got activated @ 1.08512 TP 50 SL 40
EURUSD - update
close 1.08720 +20 pips
Forex can only be understood backwards, but it must be traded forwards.
  • #12,379
  • Edited 2:45am Apr 22, 2020 2:24am | Edited 2:45am
Quoting Simply-Me
{quote} My point was somewhere else Anyway,we have no problem open hedge position unlike are US based friends with US regulated brokers.What I've heard ,if they want to open hedge, they need open it on another account.I just don't know,if it could be just another account with same broker,or it has to be another broker.
Hi S, i know what you meant lol.

Same broker, i had/have multiple names same with 2 other brokers. shock shock horror.
It is possible to be traced, just watch the trades etc.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,380
  • Apr 22, 2020 2:26am Apr 22, 2020 2:26am
Cable, 08-00 15 minute bar break.
High broke for +5%, now out.
but i have smaller trades hunt part of the daily range, plus i am trading off the 2 hour area.
t 08-26
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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