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The Jail Break System

  • #3,201
  • Dec 10, 2019 9:30am Dec 10, 2019 9:30am
Quoting TraderR0N
{quote} ha ha good choice but the problem is Expert Advisor is only good if it is semi-auto then full auto why because Jail Break System at times need human eyes to see news and price structure.. but robot can’t do that.. of cos trading with full EA will get rid of our emotions and greed.. but still we have to be in full control... this is what I think..
In my humble opinion, I agree with Ron it will be good if the EA can be semi-controlled by traders. EA will remove emotions and greed but MM may still be able to trap retail traders using fully auto EA.
  • #3,202
  • Edited 9:45am Dec 10, 2019 9:33am | Edited 9:45am
Quoting Kellytrade
{quote} In my humble opinion, I agree with Ron it will be good if the EA can be semi-controlled by traders. EA will remove emotions and greed but MM may still be able to trap retail traders using fully auto EA.
That’s right Kelly. or maybe using EA for entries and the rest is manage by us..
10% buy 10% sell 80% waiting
  • #3,203
  • Dec 10, 2019 9:38am Dec 10, 2019 9:38am
Quoting TraderR0N
{quote} ha ha good choice but the problem is Expert Advisor is only good if it is semi-auto then full auto why because Jail Break System at times need human eyes to see news and price structure.. but robot can’t do that.. of cos trading with full EA will get rid of our emotions and greed.. but still we have to be in full control... this is what I think..
I agree that the EA would need eyes on for the 1 hour chart, but I'm not sure when it comes to the 4 hour & daily.

I think it would depend if the EA could be taught to see the 3 levels.

I know one thing for sure, and that's this: the " MM " never changes, he's always going trap because that's how he makes his profit.

We always need to trade with him at all times, and that will never change.
Patience, let the trade come to you.
  • #3,204
  • Dec 10, 2019 9:39am Dec 10, 2019 9:39am
Quoting Kellytrade
{quote} In my humble opinion, I agree with Ron it will be good if the EA can be semi-controlled by traders. EA will remove emotions and greed but MM may still be able to trap retail traders using fully auto EA.
You're right, hands on is better than hands off.
Patience, let the trade come to you.
  • #3,205
  • Dec 10, 2019 9:44am Dec 10, 2019 9:44am
Quoting PokerChip
{quote} I agree that the EA would need eyes on for the 1 hour chart, but I'm not sure when it comes to the 4 hour & daily. I think it would depend if the EA could be taught to see the 3 levels. I know one thing for sure, and that's this: the " MM " never changes, he's always going trap because that's how he makes his profit. We always need to trade with him at all times, and that will never change.
absolutely right buddy..
10% buy 10% sell 80% waiting
  • #3,206
  • Dec 10, 2019 9:50am Dec 10, 2019 9:50am
I have my own personal coder from the Philippines... he have make tons of EA for me for the last few years but all seem can’t make it to work for longer term because of the market changes and also can’t react to the market conditions and blew my small accounts for testing..
10% buy 10% sell 80% waiting
  • #3,207
  • Dec 10, 2019 10:21am Dec 10, 2019 10:21am
Quoting TraderR0N
I have my own personal coder from the Philippines... he have make tons of EA for me for the last few years but all seem can’t make it to work for longer term because of the market changes and also can’t react to the market conditions and blew my small accounts for testing..
Wow, that's not good.

What about this idea.

Having a EA open a trade before the broker gets the info ?

If you have a faster feed line than you're broker you already know if the price is going up or down ahead of the broker.

Just a thought.
Patience, let the trade come to you.
  • #3,208
  • Dec 10, 2019 11:46am Dec 10, 2019 11:46am
What a great thread Poker .

I'm enjoying the read and methodology applied . Have you tried the same method with indices ?

It would be interesting to know .
  • #3,209
  • Dec 10, 2019 12:04pm Dec 10, 2019 12:04pm
Quoting PokerChip
{quote} Wow, that's not good. What about this idea. Having a EA open a trade before the broker gets the info ? If you have a faster feed line than you're broker you already know if the price is going up or down ahead of the broker. Just a thought.
It’s difficult to do so buddy. lol.
10% buy 10% sell 80% waiting
  • #3,210
  • Dec 10, 2019 12:06pm Dec 10, 2019 12:06pm
Hey guys,

GBP Election level to watch for GBPUSD.

Support at 1.31000 - 1.30000.

Resistance at 1.32500 - 1.33000

These are the key range we have to watch out for breakout.

Good night.
10% buy 10% sell 80% waiting
  • #3,211
  • Dec 10, 2019 12:07pm Dec 10, 2019 12:07pm
Quoting Vancarbon
What a great thread Poker . I'm enjoying the read and methodology applied . Have you tried the same method with indices ? It would be interesting to know .
Thank you for you're kind words.

The traders on here deserve all the credit.

I've only used the jail break system on currencies.

It would be interesting to see if it works else where.

I'll apply it and see if it does.

Which indices would like me to try first ?
Patience, let the trade come to you.
  • #3,212
  • Dec 10, 2019 12:08pm Dec 10, 2019 12:08pm
Quoting TraderR0N
{quote} It’s difficult to do so buddy. lol.
Yes, it would be. I would think by now someone else has already tried that idea.
Patience, let the trade come to you.
  • #3,213
  • Edited 1:49pm Dec 10, 2019 12:10pm | Edited 1:49pm
Quoting TraderR0N
Hey guys, GBP Election level to watch for GBPUSD. Support at 1.31000 - 1.30000. Resistance at 1.32500 - 1.33000 These are the key range we have to watch out for breakout. Good night.
I'm thinking very strongly about having my middle name changed to " Stuck ".

Good night
Patience, let the trade come to you.
  • #3,214
  • Dec 10, 2019 3:35pm Dec 10, 2019 3:35pm
XAQ/USD Daily Chart (Silver)

Does the jail break system work on the silver chart ?

You be the judge.
Attached Image (click to enlarge)
Click to Enlarge Name: xagusdi-d1-tw-corp-xag-usd-daily-chart.png Size: 42 KB
Patience, let the trade come to you.
  • #3,215
  • Dec 10, 2019 5:07pm Dec 10, 2019 5:07pm
Morning All, Pokerchip your blue boxes dont seem to be very exact , eg o/h/l/c of candles , does that matter ? SP
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.PNG Size: 99 KB
  • #3,216
  • Dec 10, 2019 5:23pm Dec 10, 2019 5:23pm
Quoting starpro
Morning All, Pokerchip your blue boxes dont seem to be very exact , eg o/h/l/c of candles , does that matter ? SP {image}
Good morning Starpro,
These boxes are not exact, the purpose of the boxed area is to show each level. I place the boxes where the levels are located. If there is a high and low in the boxed area which is all most all the time I place the box in the middle. The jail break system works on the 1 hour, 4 hour or daily charts. I have a weekly chart started but it will be awhile before I know if the weekly will work.

Let me know if you need anything else.

Thanks,

Poker Chip
Patience, let the trade come to you.
  • #3,217
  • Dec 10, 2019 11:57pm Dec 10, 2019 11:57pm
Quoting TraderR0N
My current positions which I’m holding and entries during my holidays. Sell AUDJPY. Entry - 74.500. Target open. Min 50 pips. 5 positions. Buy AUDNZD. Entry - 1.04000. Target open. Min 50 pips. 5 positions. Buy EURNZD. Entry - 1.68200. Target open. Min 50 pips. 5 positions. Sell NZDCAD. Entry - 0.87000. Target open. Min 50 pips. 5 positions. Sell NZDJPY. Entry - 71.300. Target open. Min 50 pips. 5 positions. Sell NZDUSD. Entry - 0.65800. Target open. Min 50 pips. 5 positions. Not going to enter any more trades till I see a perfect AAA setup....

Good afternoon everyone.

Buy EURNZD hit my target at 1.70000.
180 pips = 720 pips in total.

Enjoy your day and
10% buy 10% sell 80% waiting
  • #3,218
  • Dec 11, 2019 12:10am Dec 11, 2019 12:10am
Quoting TraderR0N
My new trades for today. Buy EURAUD at 1.62100. Sell CADJPY at 82.00.
Buy EURAUD hit my target at 1.62900.
80 pips = 400 pips in total.



Sold EURAUD at 1.62800.

Reload Sell EURJPY at 120.730.

Reload Buy AUDNZD at 1.04200.
10% buy 10% sell 80% waiting
  • #3,219
  • Dec 11, 2019 12:17am Dec 11, 2019 12:17am
Quoting TraderR0N
Trade setups. GBPUSD - 1.31700 - 1.32320 - look for sell trade. GBPJPY - 143.140 - 143.700 - look for sell trade. USDCAD - 1.33000 - 1.33400 - look for sell trade. GBPAUD - 1.92700 - 1.93600 - look for sell trade. GBPCAD - 1.74400 - 1.75000 - look for sell trade. NZDCAD - 0.87200 - 0.87600 - look for sell trade. NZDJPY - 71.4600 - 71.730 - look for sell trade. NZDUSD - 0.65800 - 0.66150 - look for sell trade. EURAUD - 1.61400 - 1.61100 - look for buy trade. EURGBP - 0.84400 - 0.83650 - look for buy trade. AUDUSD...

Did not trade any GBP pair due to election but it was a good call to sell at my above price for 50 to 80 pips profits minimum but have miss GBPAUD, GBPCAD and GBPUSD.
10% buy 10% sell 80% waiting
  • #3,220
  • Dec 11, 2019 1:06am Dec 11, 2019 1:06am
Hi all from a wet chilly south UK..

I am Long on Dax and Cable, traded off the 00-00 4 hour bar, looking for 20 points each to start, lol.
If it retraces I will short off the Low.
trade well all.
t 07-06
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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