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The Jail Break System

  • #741
  • Nov 1, 2019 8:58am Nov 1, 2019 8:58am
Quoting TraderR0N
Hi traders, AUDUSD Now is heading down for the last level ( 3rd ) I will be strongly looking at price 0.6860 - 0.6830 for a buy reversal for 3 level up. All trades will be looking for next week setup plan. Switching off my PC and chat here.. not looking at chart anymore. Shut off.. lol Cheers. Ron.
Okay, have a great weekend. Talk to you when you turn you're computer on.
Patience, let the trade come to you.
  • #742
  • Nov 1, 2019 9:31am Nov 1, 2019 9:31am
Good afternoon to all.

I'm watching GBP/CAD to go down.
Watching "MM" trapping buyers I think...

Am I correct?
  • #743
  • Nov 1, 2019 9:46am Nov 1, 2019 9:46am
Quoting Yoshibomb
Good afternoon to all. I'm watching GBP/CAD to go down. Watching "MM" trapping buyers I think... Am I correct?

Hi Yoshibomb.

I’m still in trade..

Good luck!
10% buy 10% sell 80% waiting
  • #744
  • Edited 10:34am Nov 1, 2019 9:59am | Edited 10:34am
Quoting Yoshibomb
Good afternoon to all. I'm watching GBP/CAD to go down. Watching "MM" trapping buyers I think... Am I correct?
Yoshibomb you are correct. Buy traders are being trapped by the " MM " and it will move lower now. You're learning to trade with the " MM ".
Patience, let the trade come to you.
  • #745
  • Nov 1, 2019 10:45am Nov 1, 2019 10:45am
GBP/CAD update, moving lower to the 2nd level.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadi-h1-tw-corp-gbp-cad.png Size: 44 KB
Patience, let the trade come to you.
  • #746
  • Nov 1, 2019 10:55am Nov 1, 2019 10:55am
CAD/JPY update. After it's reverse CAD/JPY is moving up.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpyi-h1-tw-corp-cad-jpy.png Size: 41 KB
Patience, let the trade come to you.
  • #747
  • Nov 1, 2019 10:59am Nov 1, 2019 10:59am
Note: I have no idea how many charts everyone has on they're monitors. I have found that if you use 3 charts that are north to south you can see the direction of the movement a lot better. I use 3 charts and it helps me.
Patience, let the trade come to you.
  • #748
  • Nov 1, 2019 11:05am Nov 1, 2019 11:05am
PokerChip,
On the GBP/CAD pair, how is that going to level 2? I can see that the Reversal is at the peak high but it looks like it was just forming an "M" pattern and not settling into Level 1 yet. Also the 13 and 50 EMAs haven't crossed yet. Could you explain that one?
Thank you for everything so far. I knew that pairs moved in 3 levels but could never nail down where I was in the cycle but the moving average explanation has really helped.
  • #749
  • Nov 1, 2019 11:50am Nov 1, 2019 11:50am
Quoting tuffysteeler
PokerChip, On the GBP/CAD pair, how is that going to level 2? I can see that the Reversal is at the peak high but it looks like it was just forming an "M" pattern and not settling into Level 1 yet. Also the 13 and 50 EMAs haven't crossed yet. Could you explain that one? Thank you for everything so far. I knew that pairs moved in 3 levels but could never nail down where I was in the cycle but the moving average explanation has really helped.
GBP/CAD runs up to the highest point then reverses.

Okay take a look at the reversal box. The reversal box is slightly higher than the accumulation box. The accumulation box is your 1st level because its lower, but not by much but it is lower.

Don't worry about the EMA'S I put those on charts because so many traders use them and I thought it would help them see a chart better. We trade from level to level. And you will too if you chose to trade using this system.

When you see enough of these charts you'll start seeing what I see. Once you see it you never forget.

Just remember this, all pairs cycle, they go up and they down. The cycling is driven by a imbalance of traders. If you have 7 out of 10 traders that are sellers the price of the currency is going to go up, That's how the " MM " makes they're profit by trapping traders and making them close out trades.
When you look at a chart you need to find what level the pair is at. Then after you figure that out you need to wait for that pair to reverse. Once it's reversed that's the very best time to enter the trade. You can trade a pair from reversal to reversal if you want. I trade from level to level because the " MM " likes to go the wrong way when they come out of the box to trap traders, and you can grab more pips that way. Guess I'm greedy. Once they trap traders they move the pair the correct way, and that's always a slow and steady pace.

If you need anything else just ask.

Thanks,
Poker Chip

Note: Once the " MM " is going the correct way this will last 5-7 hours on average.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadi-h1-tw-corp-gbp-cad-2.png Size: 43 KB
Patience, let the trade come to you.
  • #750
  • Nov 1, 2019 11:54am Nov 1, 2019 11:54am
Quoting tuffysteeler
PokerChip, On the GBP/CAD pair, how is that going to level 2? I can see that the Reversal is at the peak high but it looks like it was just forming an "M" pattern and not settling into Level 1 yet. Also the 13 and 50 EMAs haven't crossed yet. Could you explain that one? Thank you for everything so far. I knew that pairs moved in 3 levels but could never nail down where I was in the cycle but the moving average explanation has really helped.

Hi tuffysteeler,

Pls allow me to answer your question.

Not necessary that the 13EMA and 50EMA have to cross down or up, let me give you some tips on that.. as long as you spot rejection candlestick patterns or railway formations, that could be the peak of the highs or the lows. You can place your trades and leave it for 3 level up or down. Look at structure left on GBPCAD chart on PokerChip above post you can see that there’s rejection candlesticks plus railway formation. At times some pairs may retest the highs and lows to trick traders into buying instead of selling.. and at times some pairs may not retest the highs of the lows and go straight down or up.

Hopes that helps your question.

Ron.
10% buy 10% sell 80% waiting
  • #751
  • Nov 1, 2019 11:59am Nov 1, 2019 11:59am
Thanks so much for the detailed response. I have a history with 3 level trading but couldn't grasp it as well as you've explained it so thank you. Another question.
I know you don't trade on Fridays but what if you were trading from Reversal to Reversal and the pair was at level 1 or 2. Would you hold those over the weekend or cut any trades on Friday regardless of where they are in the cycle? I know gapping could be a problem but just curious.
Thanks PokerChip and TraderR0N for walking us through all of this because it's priceless knowledge.
  • #752
  • Nov 1, 2019 12:00pm Nov 1, 2019 12:00pm
Quoting TraderR0N
{quote} Hi tuffysteeler, Pls allow me to answer your question. Not necessary that the 13EMA and 50EMA have to cross down or up, let me give you some tips on that.. as long as you spot rejection candlestick patterns or railway formations, that could be the peak of the highs or the lows. You can place your trades and leave it for 3 level up or down. Look at structure left on GBPCAD chart on PokerChip above post you can see that there’s rejection candlesticks plus railway formation. At times some pairs may retest the highs and lows to trick traders...
Good job Trader Ron.
Patience, let the trade come to you.
  • #753
  • Nov 1, 2019 12:02pm Nov 1, 2019 12:02pm
Quoting PokerChip
{quote} Good job Trader Ron.

Thanks bud.
10% buy 10% sell 80% waiting
  • #754
  • Nov 1, 2019 12:03pm Nov 1, 2019 12:03pm
Quoting TraderR0N
{quote} Thanks bud.
Thought you turned the computer, ha. That didn't last long. Lol.
Patience, let the trade come to you.
  • #755
  • Nov 1, 2019 12:05pm Nov 1, 2019 12:05pm
Guys,

Pls look at the GBPCAD chart on PokerChip post images. Look carefully at the R blue box and 1 blue box. Looks at the candle wick, can you spot the rejection candle wick formation. It didn’t went down straight instead it retest the high of the left candlestick and came back down.

For what I think is that if the 13EMA and 50EMA indeed cross down that will be a double confirmation that the trend is coming down strong..
10% buy 10% sell 80% waiting
  • #756
  • Nov 1, 2019 12:06pm Nov 1, 2019 12:06pm
Quoting PokerChip
{quote} Thought you turned the computer, ha. That didn't last long. Lol.
haha no bud I’m looking at your above chart on GBPCAD and explain to traders.
10% buy 10% sell 80% waiting
  • #757
  • Nov 1, 2019 12:10pm Nov 1, 2019 12:10pm
Quoting TraderR0N
{quote} haha no bud I’m looking at your above chart on GBPCAD and explain to traders.
Ha, I know I'm just teasing. You're a great teacher.
Patience, let the trade come to you.
  • #758
  • Nov 1, 2019 12:11pm Nov 1, 2019 12:11pm
Quoting PokerChip
{quote} Ha, I know I'm just teasing. You're a great teacher.
Thanks bud.
haha.. teaching everyone that is learning is my success too..
10% buy 10% sell 80% waiting
  • #759
  • Nov 1, 2019 12:14pm Nov 1, 2019 12:14pm
GBP/CAD update. I could not help myself I was compelled to trade after it came out of reversal. I'm weak, I'm addicted to trading. I normally don't trade on Friday.
Attached Image
Patience, let the trade come to you.
  • #760
  • Edited 12:26pm Nov 1, 2019 12:15pm | Edited 12:26pm
Updates on my GBPCAD so far.

Set 2 targets for my GBPCAD.

First is 1.69500.
Second is 1.69000.

The rest still
Attached Image(s) (click to enlarge)
Click to Enlarge Name: B8F06B81-10F7-4FA1-9D28-3EC1D40D206F.png Size: 500 KB
Click to Enlarge Name: 7FF80B3A-8FAB-4A2C-ABEA-37ED856BA7D6.png Size: 522 KB
10% buy 10% sell 80% waiting
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