The Jail Break System | Page 102 | Forex Factory

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The Jail Break System

  • #2,021
  • Nov 22, 2019 8:06pm Nov 22, 2019 8:06pm
Quoting LvMMT
{quote} View here: {quote}
Thank you so much.
  • #2,022
  • Nov 23, 2019 10:34am Nov 23, 2019 10:34am
Note:
I'm always looking to make this system better. The jail break system was built on taking advantage of the " MM " after he has trapped a lot of traders. Once he has trapped all of these traders he takes off and goes the other direction, after the 3rd level (the reversal).

It seems every forex system has a weakness, I believe the jail break system weakness is not knowing if the reversal will come after the 3rd level has been reached. It does most of the time 75%-85%, but 75%-85% isn't good enough. Years ago in the early days when I figured out that the " MM " moves in 3 levels I tried everything I could to figure out how I would know if and when the reversal was truly coming after the 3rd level. Sadly, it's my fault that I still don't have the answer to this question. In reality if a trader has a high margin level, the trader would be immune from the " MM ". If a trader is stuck in a trade (trapped) all the trader would have to do is wait for the pair to retrace back to the level the trade was entered at.
The " MM " knows exactly who's in margin trouble and who's not.
I imagine when the " MM " has a shift change which is every eight hours they sit down at their trading desk and the first thing they do is to take a look at their computer screen and see who's in margin trouble and keep the trend going until these traders close out their trades and after he runs out of trapped traders he then decides it's time to take the pair the opposite direction.
I have figure out what information that I'm missing that will tell me (tell the jail break system) when the reversal is truly coming.

Poker Chip
Patience, let the trade come to you.
  • #2,023
  • Nov 23, 2019 12:49pm Nov 23, 2019 12:49pm
Hello guys,

Some updates over the weekend.

IMHO long term view, big waves are coming and could see at the highs or lows for EURAUD, GBPAUD, USDCAD, AUDUSD, NZDUSD, GBPNZD, WTI ( Crude OIL ) GBPUSD, EURUSD, Gold and Silver.


Oil - CAD - goes the same direction. Oil strong CAD strong.
WTI OIL is now very close to reaching the highs at
59.00 - 60.00 area, which is still a good short call for all CAD pairs atm and then will reverse course.. EURCAD, AUDCAD, GBPCAD and CADJPY and USDCAD.

Plan your trade for the new week for new 3 levels.

Enjoy your weekend.
10% buy 10% sell 80% waiting
  • #2,024
  • Nov 23, 2019 12:50pm Nov 23, 2019 12:50pm
Quoting PokerChip
Note: I'm always looking to make this system better. The jail break system was built on taking advantage of the " MM " after he has trapped a lot of traders. Once he has trapped all of these traders he takes off and goes the other direction, after the 3rd level (the reversal). It seems every forex system has a weakness, I believe the jail break system weakness is not knowing if the reversal will come after the 3rd level has been reached. It does most of the time 75%-85%, but 75%-85% isn't good enough. Years ago in the early days when I figured out...
Well explain mate!
10% buy 10% sell 80% waiting
  • #2,025
  • Nov 23, 2019 12:51pm Nov 23, 2019 12:51pm
Many trades based on fear and greed, which is why most traders lose money. Be confident in your strategy and plan, and you will be well on your way.
10% buy 10% sell 80% waiting
  • #2,026
  • Nov 23, 2019 12:52pm Nov 23, 2019 12:52pm
Quoting PokerChip
Note: I'm always looking to make this system better. The jail break system was built on taking advantage of the " MM " after he has trapped a lot of traders. Once he has trapped all of these traders he takes off and goes the other direction, after the 3rd level (the reversal). It seems every forex system has a weakness, I believe the jail break system weakness is not knowing if the reversal will come after the 3rd level has been reached. It does most of the time 75%-85%, but 75%-85% isn't good enough. Years ago in the early days when I figured out...


why is not 75 to 85 percent good enoght ?

Best regards
  • #2,027
  • Nov 23, 2019 12:57pm Nov 23, 2019 12:57pm
For those who are trading and holding short for XAUUSD
( Gold ) can still target $1420 area and could see its reverse course at that area.
10% buy 10% sell 80% waiting
  • #2,028
  • Nov 23, 2019 4:22pm Nov 23, 2019 4:22pm
Hi guys check this out,

Inserted Video
  • #2,029
  • Nov 23, 2019 6:15pm Nov 23, 2019 6:15pm
Quoting jgadefelth
{quote} why is not 75 to 85 percent good enoght ? Best regards
Hello Jgadefelth,
You ask why 75%-85% isn't good enough ? That's a very good question.
The reason I say 75%-85% isn't good enough is because it really isn't good enough. If I was being graded by a college professor for trading forex a 75% is like a " C " grade and 85% is a " B " at best. The " MM " is a human being, he or she knows at any time if there are 45% buyers and 55% sellers, or 30% buyers and 70% sellers. Why can't we know the same information in real time ? Some how, some way we, me, you, us have to come up with the solution to the problem of the giving back 15%-25% of our profit to the " MM " on every trade. It's a awful lot of profit to us if we can solve this problem. I really didn't want to spend years on this system and then give back $15-$25 dollars of every $100 dollars on every trade that I make, that's really not good business.

Note: I really like the ADX indicator, (Average Directional Movement Index) on the MT4 platform. I've never really used it before. I think that it can be used to help make counter trades when we already know the true direction of a pair. Maybe this is one way we can capture some of our 15%-25% that we don't pocket on each trade. When the ADX drops from 75-50 that's like a little over 100 pips. I'm impressed with ADX.

Thanks,
Poker Chip
Patience, let the trade come to you.
  • #2,030
  • Nov 23, 2019 11:48pm Nov 23, 2019 11:48pm
Hi Pokerchip,

Thank you for starting this thread. I began reading from page 1 and am at about page 68 now. I have been trading for 2 years but could not stay consistent (and of course blew a few accounts as well). I usually entered trades too early or only got in when the pair is reversing (went into wrong direction). What you explained make sense and I hope to put into good use in January 2020 (since we are now near December and it's kinda dangerous to trade during low liquidity).

Greetings to Ron (my southern neighbor) and PAMC, I learnt from both of you too.

Hope to be able to continue to learn from all of the experienced traders here. I will contribute when I master this strategy.

Green pips to everyone.
  • #2,031
  • Nov 24, 2019 12:59am Nov 24, 2019 12:59am
[quote=PokerChip;12630615]Note: I'm always looking to make this system better. The jail break system was built on taking advantage of the " MM " after he has trapped a lot of traders. Once he has trapped all of these traders he takes off and goes the other direction, after the 3rd level (the reversal). It seems every forex system has a weakness, I believe the jail break system weakness is not knowing if the reversal will come after the 3rd level has been reached. It does most of the time 75%-85%, but 75%-85% isn't good enough. Years ago in the early days when I figured out that the " MM " moves in 3 levels I tried everything I cou

Hi Poker, hope you are well.
excellent post . and a good insight into your trading.
Even though i do not trade your way, i do trade off some of these levels you speak off BUT i actually trade to them.
I use a lot of Frequency Distribution Stats and the reason for my post is to say, you try to collate the FDS for these levels winning/losing, (unless you actually do).
Good trading bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,032
  • Nov 24, 2019 1:03am Nov 24, 2019 1:03am
Quoting PokerChip
{quote} Hello Jgadefelth, You ask why 75%-85% isn't good enough ? That's a very good question. The reason I say 75%-85% isn't good enough is because it really isn't good enough. If I was being graded by a college professor for trading forex a 75% is like a " C " grade and 85% is a " B " at best. The " MM " is a human being, he or she knows at any time if there are 45% buyers and 55% sellers, or 30% buyers and 70% sellers. Why can't we know the same information in real time ? Some how, some way we, me, you, us have to come up with the solution to...
Good post, GIVE NOTHING BACK......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,033
  • Nov 24, 2019 2:16am Nov 24, 2019 2:16am
I have not read ghe entire thread yet, but is there a more clear describrion about what we look for in the blue box ? Sodeways market railway track yes but more ? Mpre rule based maybe ?

Thank you.

Best regards
  • #2,034
  • Nov 24, 2019 5:23am Nov 24, 2019 5:23am
Quoting PokerChip
{quote} We, us, me will help you as much as you need. The information here hopefully will give you confidence to pull the next trigger. Discipline and patience will go a long way when you're trading any currency. It takes time to be a good trader and you'll have loses a long the way, but those losses will become less and less because you'll figure it out as you go. Thanks, Poker Chip
Morning ,
Your words of encouragement is what makes you special ... As TraderRon said before ‘so many good traders but they al have ego’ his very right .. You my friend are a rare breed...
  • #2,035
  • Nov 24, 2019 5:34am Nov 24, 2019 5:34am
hi PokerChip firstly thanks for sharing your system. but really i try to understand your system i could not it. may you write post step by step? i dodnt understand how you write blue box. and where is the " M " or " W ? what did M or W mean ? Thanks for everything..and sory my bad english..
  • #2,036
  • Nov 24, 2019 5:46am Nov 24, 2019 5:46am
Pat Chiko,

I have noticed that you ignore people that have followed you

Is there a reason for this.

Just wondering if you have pressed the wrong button (ie - hit the ignore button rather than the subscribe one)

Although the fact that you have ignored me - means that you might not read this post...

Lets see

Cheers


Fader123
  • #2,037
  • Nov 24, 2019 5:49am Nov 24, 2019 5:49am
Quoting PokerChip
Note: I'm always looking to make this system better. The jail break system was built on taking advantage of the " MM " after he has trapped a lot of traders. Once he has trapped all of these traders he takes off and goes the other direction, after the 3rd level (the reversal). It seems every forex system has a weakness, I believe the jail break system weakness is not knowing if the reversal will come after the 3rd level has been reached. It does most of the time 75%-85%, but 75%-85% isn't good enough. Years ago in the early days when I figured out...
Awesome read... I will crest time to put all your writings in one section so we can all go back to read all your interesting view of the market... Currrently Traped in short USDCAD and AUDCAD(you did told me to wait for a 20-30 pips raise up before getting in but I already it was too late)... Now I have the confidence to let the trade do what it does which ever way it will come back to my entry ... Ready for the week
  • #2,038
  • Nov 24, 2019 6:02am Nov 24, 2019 6:02am
Quoting TraderR0N
Hello guys, Some updates over the weekend. IMHO long term view, big waves are coming and could see at the highs or lows for EURAUD, GBPAUD, USDCAD, AUDUSD, NZDUSD, GBPNZD, WTI ( Crude OIL ) GBPUSD, EURUSD, Gold and Silver. Oil - CAD - goes the same direction. Oil strong CAD strong. WTI OIL is now very close to reaching the highs at 59.00 - 60.00 area, which is still a good short call for all CAD pairs atm and then will reverse course.. EURCAD, AUDCAD, GBPCAD and CADJPY and USDCAD. Plan your trade for the new week for new 3 levels. Enjoy your weekend....
Ready for the new week Mate!!!
  • #2,039
  • Nov 24, 2019 7:04am Nov 24, 2019 7:04am
Quoting Kellytrade
Hi Pokerchip, Thank you for starting this thread. I began reading from page 1 and am at about page 68 now. I have been trading for 2 years but could not stay consistent (and of course blew a few accounts as well). I usually entered trades too early or only got in when the pair is reversing (went into wrong direction). What you explained make sense and I hope to put into good use in January 2020 (since we are now near December and it's kinda dangerous to trade during low liquidity). Greetings to Ron (my southern neighbor) and PAMC, I learnt from...
Good morning Kellytrade,
Thank you for you're post, and you're very welcome for the thread. We all start trading the same, we lose a few and win a few. It's part of learning the hard way. I think once traders learn that the " true goal " of the " MM " is to not bring liquidity to the market, but to grab you're whole account and make you invest more money because traders want to get their money back in a hurry before the wife finds out. That's the way it was for a lot of traders I know. If you want my advice and it's free, ha. Start out the new year with a brand new attitude about trading forex. Stay on this thread and learn from these traders, there are some very good traders here and they do this for a living. You can learn a lot in a very short time. They're all very friendly and they want to help and share their ideas because we have been where you are.

Thanks,
Poker Chip
Patience, let the trade come to you.
  • #2,040
  • Nov 24, 2019 7:10am Nov 24, 2019 7:10am
Quoting billytt
Quoting PokerChip
Note: I'm always looking to make this system better. The jail break system was built on taking advantage of the " MM " after he has trapped a lot of traders. Once he has trapped all of these traders he takes off and goes the other direction, after the 3rd level (the reversal). It seems every forex system has a weakness, I believe the jail break system weakness is not knowing if the reversal will come after the 3rd level has been reached. It does most of the time 75%-85%, but 75%-85% isn't good enough. Years ago in the early
...
Billytt,
Thank you sir for the post. I hope you're doing well and are having a good weekend.

I don't have a clue what Frequency Distribution Stats but if it works for you that's excellent. Anything that will beat the " MM " makes me happy, ha.

Thanks,
Poker Chip
Patience, let the trade come to you.
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