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The Jail Break System

  • #581
  • Oct 30, 2019 1:00pm Oct 30, 2019 1:00pm
Quoting PokerChip
{quote} Okay, thanks PAMC. PAMC charts put my charts to shame, lol.
about 40 bucks monthly for that info. night
  • #582
  • Oct 30, 2019 1:01pm Oct 30, 2019 1:01pm
Quoting TraderR0N
{quote} I would think that gold and silver will roll along.. I mean by looking at longer term view..
I agree, I don't see anything slowing either metals down.
Patience, let the trade come to you.
  • #583
  • Oct 30, 2019 1:02pm Oct 30, 2019 1:02pm
I don't have AUD/JPY at the 3rd level yet. Unless I missed it,
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyi-h1-tw-corp-aud-jpy-2.png Size: 46 KB
Patience, let the trade come to you.
  • #584
  • Oct 30, 2019 1:03pm Oct 30, 2019 1:03pm
Quoting PokerChip
{quote} I agree, I don't see anything slowing either metals down.
Gold and silver also correlate very well with USDJPY.
10% buy 10% sell 80% waiting
  • #585
  • Oct 30, 2019 1:07pm Oct 30, 2019 1:07pm
See you guys tomorrow. Have a good rest.

Trade safe and hope we will pile the pips everyday..
10% buy 10% sell 80% waiting
  • #586
  • Oct 30, 2019 1:12pm Oct 30, 2019 1:12pm
Quoting TraderR0N
{quote} Gold and silver also correlate very well with USDJPY.
Really, I didn't know that. I'll remember that. Thanks Ron

Okay good night Trader King Ron.
Patience, let the trade come to you.
  • #587
  • Oct 30, 2019 1:35pm Oct 30, 2019 1:35pm
@PokerChip,

THe blue box, is it something you made on the chart or is it an actual indicator you use?
  • #588
  • Edited 3:45pm Oct 30, 2019 1:44pm | Edited 3:45pm
Quoting hein123
@PokerChip, THe blue box, is it something you made on the chart or is it an actual indicator you use?
Hey hein123

It's a blue box that I draw on charts to show the levels for trading.

The Jail Break Strategy works like this.

In the beginning a forex pair will make a top (a new high) we call this a reversal. After the new high the pair moves down one level at a time, there are 3 levels then it will reverse, sometimes they'll be a tail after the reversal, sometimes no tail at all, it just reverses. This will happen when a forex pair is moving up or down. These levels are a accumulation period for the " MM " (market maker) they figure out which way they want to take a pair. The " MM " are looking for a imbalance of traders, to many sellers or to many buyers. The " MM " goal is to trap traders and force them to close out of the trade, or bust the trader all together. When I figured this all out I stopped using a stop loss, because when you trade with the " MM " you don't need one. When traders lose they are trading against the " MM ". If you need anything else just ask. Thanks for asking about the blue box.

Note: This strategy helps you to become a patient trader. It makes you wait for the right time to sell, which is my favorite trade because these pairs go down a lot faster than when they go up. And if you want to place a buy trade using the strategy it works very good as well.
When you sell you can stay in the trade until you reach the 1st level and close your trade like I do and wait and let a pair come back up in price then re-enter the sell trade at a higher level that way I can grab more pips then when the pair resumes it's drop in price. Or you can stay in the trade from one reversal to the next reversal. It all depends on how you want to trade.
Patience, let the trade come to you.
  • #589
  • Oct 30, 2019 3:45pm Oct 30, 2019 3:45pm
Good morning!!

Im still figuring out where I should mark the box. Still guessing if it still in 1st level? 2nd level? 3rd level?
Have to find a railroad!!
  • #590
  • Oct 30, 2019 3:59pm Oct 30, 2019 3:59pm
Quoting Yoshibomb
Good morning!! Im still figuring out where I should mark the box. Still guessing if it still in 1st level? 2nd level? 3rd level? Have to find a railroad!!
Good Morning Yosibomb.

You might want to study all these charts that I've put on here and look for the reversal box and follow it to the 1st level. These levels do look like railroad tracks at times and these levels are accumulation period, the candles are bunched to together and some are longer than others. The box area to the next box area are the levels and they can be 10-30 pips apart on pairs like AUD or NZD. The GBP or USD or JPY pairs are expensive and they're levels can be 50-80 pips apart.

Let me know what else I can help you with.

Thanks,
Poker Chip
Patience, let the trade come to you.
  • #591
  • Oct 30, 2019 4:11pm Oct 30, 2019 4:11pm
Quoting PokerChip
{quote} Good Morning Yosibomb. You might want to study all these charts that I've put on here and look for the reversal box and follow it to the 1st level. These levels do look like railroad tracks at times and these levels are accumulation period, the candles are bunched to together and some are longer than others. The box area can be 10-30 pips apart on pairs like AUD or NZD. The GBP or USD or JPY pairs are expensive and they're levels can be 50-80 pips apart. Let me know what else I can help you with. Thanks, Poker Chip
Thanks for the reply!

Yes, I'll go over the thread again and again
  • #592
  • Oct 30, 2019 4:14pm Oct 30, 2019 4:14pm
AUD/NZD update

You can clearly see the " M " from the 13 day EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdi-h1-tw-corp-aud-nzd.png Size: 42 KB
Attached Image
Patience, let the trade come to you.
  • #593
  • Oct 30, 2019 4:26pm Oct 30, 2019 4:26pm
Quoting Yoshibomb
{quote} Thanks for the reply! Yes, I'll go over the thread again and again
Yoshibomb,
You're welcome.

Think of forex trading like this, when you enter a trade the goal is to trade with the " MM " (market maker) not against him. If you hang around here you can watch my trades or Trader Ron's trades or PAMC trades.

Poker Chip
Patience, let the trade come to you.
  • #594
  • Oct 30, 2019 7:49pm Oct 30, 2019 7:49pm
Quoting TraderR0N
{quote} Price to watch for USDJPY is 109 - 109.200 area for a reversal 3 level down this week. Price to watch for USDCAD is 1.30300 - 1.30500 area for a reversal 3 level up this week. Price to watch for CADJPY is 83.300 - 83.500 area for a reversal 3 level down this week. Going as it’s.. My target for long USDCAD will be at price 1.31500. My target for short CADJPY will be at price 82.500. Let’s see how it goes as near FOMC I will close my trades manually or at least secured the profits. Cheers and good night guys. Ron....
Gd morning Squads,


My target for CADJPY has been hit at price 82.500.



Cheer.
Ron.
Attached Image (click to enlarge)
Click to Enlarge Name: 8545CC5E-6F4B-4127-943F-8B9C53131325.png Size: 509 KB
10% buy 10% sell 80% waiting
  • #595
  • Oct 30, 2019 7:59pm Oct 30, 2019 7:59pm
My for AUDJPY will be at price 74.00 - 73.500.
Entry priceis 75.00 - 75.300.


My for AUDNZD will be at price 1.07000.
Entry Price is 1.08200 - 1.08400.

My for USDJPY will be at price 108.000 - 107.500.
Entry price is 109.000 - 109.200.

Happy hunting.
Ron.
10% buy 10% sell 80% waiting
  • #596
  • Oct 31, 2019 12:22am Oct 31, 2019 12:22am
Quoting hein123
@PokerChip, THe blue box, is it something you made on the chart or is it an actual indicator you use?
i posted the colour levels indicator earlier. help yourself to it.
  • #597
  • Oct 31, 2019 12:24am Oct 31, 2019 12:24am
Hi Pamc,

Did you manage to closed or take profits for your short CADJPY?

Cheers.
Ron.
10% buy 10% sell 80% waiting
  • #598
  • Oct 31, 2019 12:29am Oct 31, 2019 12:29am
Quoting TraderR0N
Hi Pamc, Did you manage to closed or take profits for your short CADJPY? Cheers. Ron.
Hey Ron, set TP @ 82.472, IC markets reached 82.486. currently about apip inprofit, but that was for a re entry for the final 10 pips. took decent profits yesterday down to 82. 800,
  • #599
  • Oct 31, 2019 12:32am Oct 31, 2019 12:32am
Hi Squads,

I will let most of the pairs to push lower or higher to the extreme peaks then I will start to look for reversal next week for 3 levels up or down.
For now I’m sideline watching Price Action Structure and plan next week trade.

I’m sitting at 30% plus gained this month of OCT base on my capital funds and it’s enough not high but I’m satisfied with my results. We can’t trade or take them all.


Thanks and trade safe.

Ron.
10% buy 10% sell 80% waiting
  • #600
  • Oct 31, 2019 12:36am Oct 31, 2019 12:36am
Quoting pamc
{quote} Hey Ron, set TP @ 82.472, IC markets reached 82.486. currently about apip inprofit

I’m also using 2 live different brokers Oanda and IC Markets Raw Spreads and Standard Acct. Oanda is SGD and IC Markets is USD base.

Hope you grabs some pips.

Ron.
10% buy 10% sell 80% waiting
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