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The Jail Break System

  • #2,981
  • Dec 5, 2019 5:30am Dec 5, 2019 5:30am
Quoting PokerChip
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 $330,000 in 17 months. I've been back trading full...
Pokerchip this looks truly exiting. Thanks for your generosity and humility to mention you lost 330K$. That calms me down and comforts me with the fact that since 2007 I lost 120K and.................that I can recuperate that through your example.
Can you tell where I can download the "blue box" indicator?
I also have a personal thread which I invite you to look at and perhaps we can share around these subjects too?
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #2,982
  • Dec 5, 2019 5:40am Dec 5, 2019 5:40am
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}
Hi , I am trying to make more of a story of it.
we had the Uk open, we had inside bars and daily range hi, all highs triggered .
This does not happen often.
I went short , solely because I trade lines..... I honestly think the market movers made a slight error. by making cable drop just below the 00-00 4 hour bar range.
Normally it would of been slightly above the low, OR slightly below the high.


edit, slight chance it may go up to R1, but that means nothing to me. lol
daily range so far is 42
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,983
  • Dec 5, 2019 5:47am Dec 5, 2019 5:47am
Quoting billytt
{quote} Hi , I am trying to make more of a story of it. we had the Uk open, we had inside bars and daily range hi, all highs triggered . This does not happen often. I went short , solely because I trade lines..... I honestly think the market movers made a slight error. by making cable drop just below the 00-00 4 hour bar range. Normally it would of been slightly above the low, OR slightly below the high. edit, slight chance it may go up to R1, but that means nothing to me. lol daily range so far is 42
Up to 1.3170-1.3190sh?
  • #2,984
  • Dec 5, 2019 5:53am Dec 5, 2019 5:53am
Quoting richy247
{quote} Up to 1.3170-1.3190sh?
R1 is 13170,,,,, Daily range high is 13181.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,985
  • Dec 5, 2019 5:55am Dec 5, 2019 5:55am
Quoting billytt
{quote} R1 is 13170,,,,, Daily range high is 13181.
  • #2,986
  • Dec 5, 2019 6:06am Dec 5, 2019 6:06am
Quoting richy247
{quote}
I would love to see cable drop, maybe on USA open down to the daily pivot which also happens to be very close to the daily range Low.

edit, BUT I need a trigger line,,, ie break of 00-00 low.
Trade well.
t 12-07
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,987
  • Dec 5, 2019 6:11am Dec 5, 2019 6:11am
Quoting billytt
{quote} I would love to see cable drop, maybe on USA open down to the daily pivot which also happens to be very close to the daily range Low. edit, BUT I need a trigger line,,, ie break of 00-00 low. Trade well. t 12-07
Its on 200 Level now and RSI about 84...Massive Overbought...You so excited to catch the fall... Im just worried about GBP in General ...I think i might just leave it today ...
  • #2,988
  • Dec 5, 2019 6:19am Dec 5, 2019 6:19am
Quoting richy247
{quote} Its on 200 Level now and RSI about 84...Massive Overbought...You so excited to catch the fall... Im just worried about GBP in General ...I think i might just leave it today ...
you are right. If in doubt stay out.
For most traders Brexit and Cable is bad, but I trade lines looking for 5 points,,, and just lately chasing the daily range. (or part of it).
today is an exception as I had a loss but fixed it.
But I will short again if price drops.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,989
  • Dec 5, 2019 6:23am Dec 5, 2019 6:23am
Quoting billytt
{quote} you are right. If in doubt stay out. For most traders Brexit and Cable is bad, but I trade lines looking for 5 points,,, and just lately chasing the daily range. (or part of it). today is an exception as I had a loss but fixed it. But I will short again if price drops.
Yep Brexit is messy ...China-America war is messy....Just a bad time to be a Trader...market being REALLY weird Yesterday and Today... I Started doing Revenge Trading at one point...

After CAD news i hope it loosen up

One has to know Fundamental MORE than technical at this point ....
  • #2,990
  • Dec 5, 2019 6:27am Dec 5, 2019 6:27am
EUR JPY


Waiting for "R"

Placed Limit Order

Look out for fakeout

Appreciate any comments and views on the above Jailbreak setup

Thank You
Attached Image (click to enlarge)
Click to Enlarge Name: ej 104.jpg Size: 210 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,991
  • Dec 5, 2019 6:34am Dec 5, 2019 6:34am
AUD USD


Posted this set up 19 hours ago.

Quoting Pat Chiko
AUD USD Scalping for tomorrow High Impact News {image}
In the trade for that long and managed to bag tiny 22,2 pips.....

Slowly but surely with Jail Breaker
Attached Image (click to enlarge)
Click to Enlarge Name: AU 103.jpg Size: 182 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,992
  • Dec 5, 2019 6:39am Dec 5, 2019 6:39am
Quoting Pat Chiko
AUD USD Posted this set up 19 hours ago. {quote} In the trade for that long and managed to bag tiny 22,2 pips..... Slowly but surely with Jail Breaker {image}
dont get out yet more to come ...
  • #2,993
  • Dec 5, 2019 6:42am Dec 5, 2019 6:42am
Quoting richy247
{quote} dont get out yet more to come ...

This is too slow.

Money tight in that pair.

Need to use that money for other trade too

Margin is now exceeding 5% of capital... lol

Maybe, I need to reduce the lot size for future trade
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,994
  • Dec 5, 2019 6:47am Dec 5, 2019 6:47am
EU wanna test the Yesterday High(same level as ADR)
Attached Image (click to enlarge)
Click to Enlarge Name: ggggggdd.PNG Size: 73 KB
  • #2,995
  • Dec 5, 2019 6:50am Dec 5, 2019 6:50am
Quoting Pat Chiko
{quote} This is too slow. Money tight in that pair. Need to use that money for other trade too Margin is now exceeding 5% of capital... lol Maybe, I need to reduce the lot size for future trade
Still moving ...check now

You must ave so many trades on...
  • #2,996
  • Dec 5, 2019 7:04am Dec 5, 2019 7:04am
Quoting richy247
{quote} Still moving ...check now You must ave so many trades on...

Just stuck with trade that I cannot get out.

Still have another set up waiting to go.

Like this trade, with few more pips to go, not to waste it.
Attached Image (click to enlarge)
Click to Enlarge Name: acad 103.jpg Size: 225 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,997
  • Dec 5, 2019 7:38am Dec 5, 2019 7:38am
Quoting Pat Chiko
{quote} AUD CAD Coming to target {image}

AUD CAD

Arrive Target

Jail Breaker rock R:R = 1:102
Attached Image (click to enlarge)
Click to Enlarge Name: Acad 105.jpg Size: 216 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,998
  • Dec 5, 2019 7:42am Dec 5, 2019 7:42am
Quoting Kellytrade
{quote} Hi Poker Chip, Do you change your TP if you are now trading the jail break system with 4 hours or daily? I have read about market structures in the past but could not really comprehend it until you shared your jail break system. I learnt a lot from you, PAMC, TraderRon and a few other traders here. Appreciate it. PS. Still holding on to some trades I took before I came across your thread. Looking forward to a better start in 2020.
Good morning Kellytrade,
The 4 hour pattern is going to end giving us more pips in the end. I think it will smooth out a lot of trades. I trade from box to box, when I get to a box I close the trade. That's just my thinking. I think there are a lot of good people here in this thread and some of them can trade with the best of them. All I want to do is keep helping the traders that want the help. This isn't a perfect system and over time it will evolve by other traders thoughts and ideas.
Patience, let the trade come to you.
  • #2,999
  • Dec 5, 2019 7:45am Dec 5, 2019 7:45am
Quoting Lekkim
{quote} I got some reading material of this theory in one of my threads if you're interested, In short, there is a lot of factors and calculations behind it, but it aims to spot large differences between the two. This simple two lines graph just visually shows it. Then I've tested how to turn this information into my advantage. In order to believe in this you need to believe that the volume data from retails clients got a saying in how price moves. edit: chart shows price and volume that includes both buyers and sellers
Lekkim,
I couldn't agree more, volume say's it all. I have four broker accounts and every single one of them has different volume. I really don't trust any brokers because they want you're account. I don't think will ever know the real volume unless someone on this thread becomes a broker.
Patience, let the trade come to you.
  • #3,000
  • Dec 5, 2019 7:51am Dec 5, 2019 7:51am
Quoting Pat Chiko
CAD JPY Jail break during news Note : I didn't take this trade. Sharing for newbie educational & Entertainment purposes only {image}
Hello Pat,
Thank you for posting, excellent chart.

Poker Chip
Patience, let the trade come to you.
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