The Jail Break System | Page 149 | Forex Factory

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The Jail Break System

  • #2,961
  • Dec 5, 2019 3:18am Dec 5, 2019 3:18am
Quoting Pat Chiko
{quote} Hi Richy. Made a scalping short entry, but now in negative -16 pips. I'm now trapped in the jail. Until my SL taken out My earlier entry in this post {quote} {image}
Im in short too .....
  • #2,962
  • Dec 5, 2019 3:23am Dec 5, 2019 3:23am
Quoting Pat Chiko
EUR NZD Waiting for "R" Tomorrow - High Impact News {image}

EUR NZD


Beautiful and simple Jailbreak set up.

Missed the trade during the news earlier today.

Price already up 90 pips.

Wait for next Jail #1 to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: en 102.jpg Size: 183 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,963
  • Dec 5, 2019 3:25am Dec 5, 2019 3:25am
Quoting Pat Chiko
{quote} EUR NZD Beautiful and simple Jailbreak set up. Missed the trade during the news earlier today. Price already up 90 pips. Wait for next Jail #1 to enter. {image}
I think the best way not to miss a trade is to all share what we see ...Thats how we can maximize this thread efficiently......What do you think?
  • #2,964
  • Dec 5, 2019 3:25am Dec 5, 2019 3:25am
Quoting richy247
{quote} Im in short too .....

Ohhhhhh. Blind me...

CAD JPY

Welcome to Newbie Club.

We are sure to get slaughter by Smart Trader & MM.

I will let my trade run until hit the SL......
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,965
  • Dec 5, 2019 3:28am Dec 5, 2019 3:28am
Quoting Pat Chiko
{quote} Ohhhhhh. Blind me... CAD JPY Welcome to Newbie Club. We are sure to get slaughter by Smart Trader & MM. I will let my trade run until hit the SL......
Shit happens ....I was Slaughtered Yesterday Im still Standing ....I know i will get it back in multiple ....
  • #2,966
  • Dec 5, 2019 3:31am Dec 5, 2019 3:31am
Quoting richy247
{quote} I think the best way not to miss a trade is to all share what we see ...Thats how we can maximize this thread efficiently......What do you think?

Hi richy.

If you click the link in the post, you can see I posted the set up 16 hours ago.

But, didn't put Limit Order before the news.

I always share my Newbie setup, but 95.6% failed either wrong side of trade (fakeout) or hit by Stop Loss.

That's why I don't recommend anyone to follow my set up.

I posted it , for others to comment and correct my chart set up
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,967
  • Dec 5, 2019 3:33am Dec 5, 2019 3:33am
Quoting Pat Chiko
{quote} Hi richy. If you click the link in the post, you can see I posted the set up 16 hours ago. But, didn't put Limit Order before the news. I always share my Newbie setup, but 95.6% failed either wrong side of trade (fakeout) or hit by Stop Loss. That's why I don't recommend anyone to follow my set up. I posted it , for others to comment and correct my chart set up
95% will closely turn to 30% failure...As long as we dont give up ...
  • #2,968
  • Dec 5, 2019 3:40am Dec 5, 2019 3:40am
Quoting Pat Chiko
EUR USD I miss the "R" Or .,, maybe I wrongly marked the jail. Will the price turn up again tomorrow ? Any comment are welcome for educational purposes {image}

EUR USD

Posted the set up 17 hours ago.

Still waiting for price to reach "R" Jail.

Meanwhile , I scalp price on its way to Jail.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 105.jpg Size: 259 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,969
  • Dec 5, 2019 3:42am Dec 5, 2019 3:42am
Quoting Pat Chiko
{quote} EUR USD Posted the set up 17 hours ago. Still waiting for price to reach "R" Jail. Meanwhile , I scalp price on its way to Jail. {image}
I feel EURUSD is in Range kinda
Attached Image (click to enlarge)
Click to Enlarge Name: jdhdhsss.PNG Size: 139 KB
  • #2,970
  • Dec 5, 2019 3:52am Dec 5, 2019 3:52am
Quoting Pat Chiko
{quote} EUR USD Posted the set up 17 hours ago. Still waiting for price to reach "R" Jail. Meanwhile , I scalp price on its way to Jail. {image}
Looking at now ..Its a good one Pat
  • #2,971
  • Dec 5, 2019 4:07am Dec 5, 2019 4:07am
Quoting Pat Chiko
{quote} GBP CAD Coming to target. Hopefully fill the limit {image}

GBP CAD

This is cruel world of Forex.


Didn't take my TP and

didn't fill up my Limit Order.

I may end up empty handed on this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gcad 113.jpg Size: 215 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,972
  • Dec 5, 2019 4:08am Dec 5, 2019 4:08am
I feel this keep accumulating till NY session or News....

Same with EURCAD...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: euhdgss.PNG Size: 133 KB
  • #2,973
  • Dec 5, 2019 4:11am Dec 5, 2019 4:11am
Quoting Pat Chiko
{quote} GBP CAD This is cruel world of Forex. Didn't take my TP and didn't fill up my Limit Order. I may end up empty handed on this trade. {image}
You got 20+pips mate ...Better known
  • #2,974
  • Dec 5, 2019 4:16am Dec 5, 2019 4:16am
Quoting richy247
I feel this keep accumulating till NY session or News.... Same with EURCAD... {image} {image}

Thanks Richy

For sharing your chart and analysis.

Enjoy reading your post.

I'm sure you're well advance trader than me.

I hope to learn more from you.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,975
  • Dec 5, 2019 4:21am Dec 5, 2019 4:21am
Quoting Pat Chiko
{quote} Thanks Richy For sharing your chart and analysis. Enjoy reading your post. I'm sure you're well advance trader than me. I hope to learn more from you.
Your skill of jumping in and out of trades FAST is a nice edge...I like that...Hope you can Explain" What you look for the first moment you see the chart"?
  • #2,976
  • Dec 5, 2019 4:21am Dec 5, 2019 4:21am
Quoting Pat Chiko
{quote} Good Morning Billy. GBP USD I got a newbie question. I took a scalping position on pullback from Jail #3. From thereon, if price pullback that deep.... I will re-enter LONG position. ( going for "R" Jail) You're the expert for CABLE. Appreciate you comment and idea on my newbie set up for learning purposes. Thanks a million Billy. {image}

GBP USD

To mitigate my exposure and losses, I add one more short position at London Open.

This will minimise my scalping losses.

I hope Billy will read and comment on Cable trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 109.jpg Size: 273 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,977
  • Dec 5, 2019 4:26am Dec 5, 2019 4:26am
Quoting richy247
{quote} Your skill of jumping in and out of trades FAST is a nice edge...I like that...Hope you can Explain" What you look for the first moment you see the chart"?
Hi Richy.

I marked all JAIL by end of the day.

When I open the chart on the next day, I will roughly know I am in relation to the JAIL.

Attempt to Jail break will be done on the easier path ( less resistance/support and extreme price).

Once price clear the easier path, it will make an attempt to break to the other side of jail

I will post a chart later on to make it more clearer.

In that chart, I marked London Open (LO).
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,978
  • Dec 5, 2019 4:29am Dec 5, 2019 4:29am
Quoting Pat Chiko
{quote} GBP USD To mitigate my exposure and losses, I add one more short position at London Open. This will minimise my scalping losses. I hope Billy will read and comment on Cable trade. {image}
Did you check Level 1.31760 PAt....go back more More liquidity there
  • #2,979
  • Dec 5, 2019 4:35am Dec 5, 2019 4:35am
Quoting Pat Chiko
{quote} Hi Richy. I marked all JAIL by end of the day. When I open the chart on the next day, I will roughly know I am in relation to the JAIL. Attempt to Jail break will be done on the easier path ( less resistance/support and extreme price). Once price clear the easier path, it will make an attempt to break to the other side of jail I will post a chart later on to make it more clearer. In that chart, I marked London Open (LO).
Awesome ....I let the indicator plot it for me Auto ...I think i need to be doing it manually...
  • #2,980
  • Dec 5, 2019 4:35am Dec 5, 2019 4:35am
Out of CADJPY
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