The Jail Break System | Page 175 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Break Out + Pull Back & Pure Break Outs 59 replies

BB break + trendline break 24 replies

Looking for L > Break High Break Low Indicator 1 reply

A break below - A Break Above Question 1 reply

Attachments: The Jail Break System
Exit Attachments

The Jail Break System

  • #3,481
  • Dec 19, 2019 12:13pm Dec 19, 2019 12:13pm
Quoting richy247
{quote} Yep Already in USDJPY... Its crazy weather here in London ,Raining for the past 3-4 days non stop...If not for my friends wedding would be nice to go out of the country till New year.. I mean when will you stop trading for the Year
these 3 my only trades this past week. had some time off from the missus. could'nt resist em. will close em before end tomorrow and thats it till new year.

If i don't see u guys again prior, Have a Great Xmas and catch u all whenever
  • #3,482
  • Dec 19, 2019 12:34pm Dec 19, 2019 12:34pm
Attached File(s)
File Type: pdf How To Trade With Market Structure.pdf   1.6 MB | 797 downloads


i strongly advise all of you that havent already done so, to download a copy of 'mastering the stophunt', in the file section..
  • #3,483
  • Dec 19, 2019 2:47pm Dec 19, 2019 2:47pm
Quoting PokerChip
Hello Everyone, This is the jail break system formula that I use for the daily chart only. The jail break system begins with a reversal to either the low side or the high side. I recommend using the daily chart and then drop down to the 4 hour chart for the entry. The daily chart is for direction of any currency pair and is very accurate. (In this reversal I will be talking about a pair that is going to be moving higher). The blue box area can be seen easily by the railroad tracks it leaves behind. The blue box area is a accumulation area for the...
Thanks, PokerChip for this detailed explanation on JailBreak System, I recently subscribed and going through the pages.
At present also working on my charts to draw levels and Reversal areas, will post some of them on the forum for the expert opinion of you and respected forum members.
Kay
  • #3,484
  • Dec 19, 2019 3:36pm Dec 19, 2019 3:36pm
Quoting ItRs
{quote} Thanks, PokerChip for this detailed explanation on JailBreak System, I recently subscribed and going through the pages. At present also working on my charts to draw levels and Reversal areas, will post some of them on the forum for the expert opinion of you and respected forum members. Kay
Hello Kay,
It takes a little time to learn the system, but if I can learn it anyone can, ha.

If you have questions on anything just let me know.

I'm here to help.

Poker Chip
Patience, let the trade come to you.
  • #3,485
  • Dec 19, 2019 8:03pm Dec 19, 2019 8:03pm
USD JPY


Waiting for limit order get filled

Retest area at Jail Upper Limit zone.

Jail break attempt & returned inside into the jail.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj 109.jpg Size: 315 KB
Click to Enlarge Name: uj 110.jpg Size: 318 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,486
  • Dec 19, 2019 8:58pm Dec 19, 2019 8:58pm
Jail Break - continuation Pattern.

My Newbie notes to share.

Any comment and correction welcome

Thank You
Attached Image (click to enlarge)
Click to Enlarge Name: JB continuation.jpg Size: 124 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,487
  • Dec 19, 2019 9:17pm Dec 19, 2019 9:17pm
AUD NZD

Jail break - reversal pattern.

Establishing Jail zone with Daily TF.

Entry ( limit order) using H4.

Price break the upper Jail level and return to retest the lower established level.

This is to wipe all stops ( both buyer and seller ) before going for full reversal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: an 104.jpg Size: 240 KB
Click to Enlarge Name: an 105.jpg Size: 249 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,488
  • Edited 9:55pm Dec 19, 2019 9:45pm | Edited 9:55pm
Hi Pokerchip,

First time I am using Daily chart to find railroad tracks (as you recommended). Could you kindly comment if I have marked it correctly? The green box area seems like a trap to me, make us retail traders think prices are coming down but they went back up? Thanks for your advise.

Pat, you are not a newbie. I am the newbie here. Always nice to see your charts. Do you draw the trendline manually?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 68 KB
  • #3,489
  • Dec 20, 2019 3:24am Dec 20, 2019 3:24am
Quoting Kellytrade
Hi Pokerchip, First time I am using Daily chart to find railroad tracks (as you recommended). Could you kindly comment if I have marked it correctly? The green box area seems like a trap to me, make us retail traders think prices are coming down but they went back up? Thanks for your advise. Pat, you are not a newbie. I am the newbie here. Always nice to see your charts. Do you draw the trendline manually? {image}
Mr...Thats a Ranging Chart.... I suggest you start from 15min TF to get hold of the Pattern ...use this as example...where the MA + Trendline meet before that you will see clusters and railroad candles ...Thats indicator of the jail...Count to 3...and leave after the 4th which is the reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2019-12-20 092217.png Size: 284 KB
  • #3,490
  • Edited 3:54am Dec 20, 2019 3:31am | Edited 3:54am
Hi all, from a wet Southern UK
i kept a low profile yesterday as i was trading heavily and had some other work on.
all is well with my trades, lol.
Trade well all.
t 08-31
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,491
  • Dec 20, 2019 3:50am Dec 20, 2019 3:50am
NZD JPY


Jail break mapping

This is newbie view.

Appreciate your comment and correction for educational purposes

Thank You for your help
Attached Image (click to enlarge)
Click to Enlarge Name: njpy 100.jpg Size: 224 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,492
  • Dec 20, 2019 5:15am Dec 20, 2019 5:15am
Quoting Pat Chiko
USD JPY Waiting for limit order get filled Retest area at Jail Upper Limit zone. Jail break attempt & returned inside into the jail. {image} {image}

USD JPY

Cancelling Limit Order

Revising the Jail position on Daily TF.

Market Structure & Chart Pattern.

Waiting for pullback
Attached Image (click to enlarge)
Click to Enlarge Name: uj 111.jpg Size: 242 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,493
  • Dec 20, 2019 5:51am Dec 20, 2019 5:51am
USD CAD


Hi all,

I'm trying to learn.

Appreciate your comment and correction on this Jail break set up.

This posting is for educational purposes only. Schedule news may effect the currency movement.

Do not follow my newbie trade, you may lose all your money.

Thank you for helping newbie.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ucad 120.jpg Size: 229 KB
Click to Enlarge Name: news 4.jpg Size: 128 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,494
  • Dec 20, 2019 7:42am Dec 20, 2019 7:42am
Quoting Pat Chiko
USD CAD Hi all, I'm trying to learn. Appreciate your comment and correction on this Jail break set up. This posting is for educational purposes only. Schedule news may effect the currency movement. Do not follow my newbie trade, you may lose all your money. Thank you for helping newbie. {image} {image}

USD CAD


Stopped Out

Cost of trade - 13,9 pips
Attached Image (click to enlarge)
Click to Enlarge Name: ucad 121.jpg Size: 246 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,495
  • Dec 20, 2019 7:53am Dec 20, 2019 7:53am
USD CAD


Re-entry on completion of CPLQ

Do not follow my newbie trade, you may lose all your money.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad 123.jpg Size: 246 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,496
  • Dec 20, 2019 9:16am Dec 20, 2019 9:16am
Quoting Kellytrade
Hi Pokerchip, First time I am using Daily chart to find railroad tracks (as you recommended). Could you kindly comment if I have marked it correctly? The green box area seems like a trap to me, make us retail traders think prices are coming down but they went back up? Thanks for your advise. Pat, you are not a newbie. I am the newbie here. Always nice to see your charts. Do you draw the trendline manually? {image}
Good morning Kellytrade,
You have picked a pair that is ranging, sorry to say the jail break system will not work while a currency pair is ranging.

I would recommend a pair that you're familiar that's not ranging and try to set the levels on that pair.

Then post it and I will se where you are at.

Thanks for posting.

Poker chip
Patience, let the trade come to you.
  • #3,497
  • Dec 20, 2019 9:16am Dec 20, 2019 9:16am
Good morning everyone.
Patience, let the trade come to you.
  • #3,498
  • Dec 20, 2019 9:22am Dec 20, 2019 9:22am
Quoting Pat Chiko
USD CAD Re-entry on completion of CPLQ Do not follow my newbie trade, you may lose all your money. {image}
Pat,
Nice chart.

I have a couple of questions on you're chart.

Why didn't you buy when it broke the resistance line ?

And why did you short where you did ?

Thanks,

Poker Chip
Patience, let the trade come to you.
  • #3,499
  • Dec 20, 2019 10:13am Dec 20, 2019 10:13am
Quoting PokerChip
{quote} Pat, Nice chart. I have a couple of questions on you're chart. Why didn't you buy when it broke the resistance line ? And why did you short where you did ? Thanks, Poker Chip

Hello Mr. PokerChip.

USD CAD

Thank you for asking. At least I can learn lesson something new today.

Q 1 : Why didn't you buy when it broke the resistance line ?

Price breakout during news , with single 5mins candle it shoot up to +35 pips. No way catching the moves.

Here's the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: ucad 124.jpg Size: 268 KB



Q2 : And why did you short where you did ?

That's is high liquidity area.

Price already completed the Compression (CP) earlier , now it moves to Liquidity area (LQ). Good place to re-entry.

Secondly, I look at price structure.

Price already engulf twice , and most likely to go lower to the source (origin of the move)

When price spike up, it didn't manage to break to resistance (price now consume), i.e stop loss has been taken our.

Now price is ready to go down again, because CPLQ (Compression & Liquidity).

Here's the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: ucad 125.jpg Size: 275 KB


I hope my answer (newbie version), explain the step taken on my trades.

Looking forward for price to move lower again.

Lol....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,500
  • Dec 20, 2019 10:28am Dec 20, 2019 10:28am
EUR NZD

Lesson for today. This is the easiest Jail Break set up.

If you missed to trade at "R" , Jail #1 or Jail #2..... There's always Jail #3 waiting to offer you something.

Wait for price to enter the jail, manipulate a bit , then take your trade.

Don't rush.
Attached Image (click to enlarge)
Click to Enlarge Name: en 104.jpg Size: 284 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
6 traders viewing now