This is a forex system " The Jail Break System " that I started working on in June of 2010 after losing exactly $330,000 dollars from multiple forex accounts that begin in 2008. I reloaded my 3 accounts several times until my wife told me if I reload my accounts again she would leave me. Right then I started looking for a better way to trade forex. In 2008 I thought I knew enough to make a profit daily in forex. Little did I know I knew nothing about how to trade foreign currency. I burned through $330,000 in 17 months. I've been back trading full time since June of 2011 and I've got all of my money back as of March 2017. Now I'm taking all the money that I can from the banks one trade at a time using the jail break system.
(This is how I trade). I wait until I see what I call railroad tracks, this is when the pair contracts and runs horizontal for several candles. When the pair breaks out of the blue box area. I use the 4 hour chart to tell me what direction the pair is headed and I use the 1 hour chart for the entry. The blue box area is the beginning of a cycle, then the second phase is the jail break. If the four hour chart tells you the pair is going down then you wait for the jail break to happen. A lot of times the pair will make a fake out move to the wrong direction. You need to wait until the fake out is over then enter the market. Remember look at the four hour chart before going to the 1 hour chart to make a entry. The contraction area can be seen on any chart from one minute to the monthly. When you make your entry you'll be in the third part of the cycle this is when you'll make your profit. (The third part of the cycle will not end until the pair starts to contract) then you'll be able to put this in a box and start the cycle all over again like you see on my chart.
Look for a " M " or " W " inside the blue box. If this was a sell you can see the market manipulators whipsawed these oil traders up and down then they made the move out of the box to the lower side.
When you use with the 4 hour chart or the 1 hour chart these time frames are very powerful and they tell you where the market is going on any pair or even crude oil.
Note: These market manipulators can't stay in this box forever, they have to move out of the box and make the big money when they exit the box. So you have to be patient and wait for they're move out of the box. Remember there are 3 phases. The 1st phase is the contracted small horizontal candles, the 2nd phase is the whipsaw effect of trapping traders, the 3rd phase is the exit from the box where you make the entry to buy or sell and this is when you make the profit. And this 3rd phase doesn't stop until the pair or crude oil goes back into contracting small horizontal candles. (This isn't a lagging indicator, this is a real time indicator.)
As you can see the EUR/USD chart below a red candle has exited the blue box and heading lower. This would be the very best place to short the Euro.
I've included a PDF file for traders that are interested in learning the jail break system.
Very important note at all: I want to remind traders here or that are going to be coming here on this thread that when traders are open about their trades this is not a indicator to buy or sell based solely on another traders thoughts. Please keep this in you're thoughts if and when you decide to trade. Thank you for listening.
(This is how I trade). I wait until I see what I call railroad tracks, this is when the pair contracts and runs horizontal for several candles. When the pair breaks out of the blue box area. I use the 4 hour chart to tell me what direction the pair is headed and I use the 1 hour chart for the entry. The blue box area is the beginning of a cycle, then the second phase is the jail break. If the four hour chart tells you the pair is going down then you wait for the jail break to happen. A lot of times the pair will make a fake out move to the wrong direction. You need to wait until the fake out is over then enter the market. Remember look at the four hour chart before going to the 1 hour chart to make a entry. The contraction area can be seen on any chart from one minute to the monthly. When you make your entry you'll be in the third part of the cycle this is when you'll make your profit. (The third part of the cycle will not end until the pair starts to contract) then you'll be able to put this in a box and start the cycle all over again like you see on my chart.
Look for a " M " or " W " inside the blue box. If this was a sell you can see the market manipulators whipsawed these oil traders up and down then they made the move out of the box to the lower side.
When you use with the 4 hour chart or the 1 hour chart these time frames are very powerful and they tell you where the market is going on any pair or even crude oil.
Note: These market manipulators can't stay in this box forever, they have to move out of the box and make the big money when they exit the box. So you have to be patient and wait for they're move out of the box. Remember there are 3 phases. The 1st phase is the contracted small horizontal candles, the 2nd phase is the whipsaw effect of trapping traders, the 3rd phase is the exit from the box where you make the entry to buy or sell and this is when you make the profit. And this 3rd phase doesn't stop until the pair or crude oil goes back into contracting small horizontal candles. (This isn't a lagging indicator, this is a real time indicator.)
As you can see the EUR/USD chart below a red candle has exited the blue box and heading lower. This would be the very best place to short the Euro.
I've included a PDF file for traders that are interested in learning the jail break system.
Very important note at all: I want to remind traders here or that are going to be coming here on this thread that when traders are open about their trades this is not a indicator to buy or sell based solely on another traders thoughts. Please keep this in you're thoughts if and when you decide to trade. Thank you for listening.
Attached Image (click to enlarge)
Attached File(s)
Patience & Discipline
