The Jail Break System | Page 176 | Forex Factory

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The Jail Break System

  • #3,501
  • Dec 20, 2019 10:34am Dec 20, 2019 10:34am
Quoting Pat Chiko
{quote} EUR USD Original entry was on 13th Dec, 2019 ( link above) Since I cannot find & marked jail on Daily TF Chart, I used H4 TF instead to find the entry. At the same time , using Weekly TL to spot the rejection area helps determine the entry. This is not perfect set up, but will improve with practice. {image}

EUR USD

Going to visit Jail #3 soon.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 114.jpg Size: 306 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,502
  • Dec 20, 2019 10:44am Dec 20, 2019 10:44am
Quoting Pat Chiko
{quote} 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. {image} 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...
I see, okay that makes sense.

Thanks for letting me know, I've always been a curious person, its the need to know sort of thing.

Not sure why you call you're self a newbie, ha ha you're no newbie. Maybe 10 years ago.

I think you've been around the block a few times, lol.
Patience, let the trade come to you.
  • #3,503
  • Dec 20, 2019 10:48am Dec 20, 2019 10:48am
Quoting Pat Chiko
{quote} EUR USD Going to visit Jail #3 soon. {image}
You have really caught on to the jail break system.

There is not much more important than knowledge.

With the exception of good health.
Patience, let the trade come to you.
  • #3,504
  • Dec 20, 2019 11:02am Dec 20, 2019 11:02am
Quoting PokerChip
{quote} You have really caught on to the jail break system. There is not much more important than knowledge. With the exception of good health.

Hi Mr. PokerChip.

You should try to trade EUR USD pair.

Pip value ; USD10 and Pip Spread : 1.6
Ranges 30 to 50 pips/day.
Poor man table. Slow & Easy

But, I think you prefer GBP CAD

Pip value ; USD 7.5949 and Pip Spread : 5.5.
Ranges : 120 to 150 pips/day
High stake table
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,505
  • Dec 20, 2019 11:08am Dec 20, 2019 11:08am
Quoting PokerChip
{quote} I see, okay that makes sense. Thanks for letting me know, I've always been a curious person, its the need to know sort of thing. Not sure why you call you're self a newbie, ha ha you're no newbie. Maybe 10 years ago. I think you've been around the block a few times, lol.
Hi Mr. PokerChip.

In any FF thread, there's always a lot of experience trader as well as Master Trader.

Seldom, you can see Newbie (noob) trader presence.

But in this thread, so many claim to be newbie, which the title I've claim at very beginning of my presence here.

There cannot be many newbie in this thread, it will discourage others to visit and participate coz of too many newbie reputation.

In my case , a Newbie to Jailbreak system.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,506
  • Dec 20, 2019 11:17am Dec 20, 2019 11:17am
Have a good weekend all.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,507
  • Dec 20, 2019 11:17am Dec 20, 2019 11:17am
EUR CAD

Price in ranging mode for this pair.

There's no definite area/zone to mark any Jail.

Since I trade EUR Major/Crosses, I use Price Structure to trade this pair (scalping mode)

Main component in analyzing this pair is using Weekly TL, Support & Reistance, Consumed/Engulf (Chart Pattern) and Over/Under (Quasimodo).

The above component define my trade based on Price Structure.

Here's the H4 and H1 Chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ecad 108.jpg Size: 287 KB
Click to Enlarge Name: ecad 109.jpg Size: 268 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,508
  • Dec 20, 2019 11:41am Dec 20, 2019 11:41am
Quoting Pat Chiko
{quote} Hi Mr. PokerChip. You should try to trade EUR USD pair. Pip value ; USD10 and Pip Spread : 1.6 Ranges 30 to 50 pips/day. Poor man table. Slow & Easy But, I think you prefer GBP CAD Pip value ; USD 7.5949 and Pip Spread : 5.5. Ranges : 120 to 150 pips/day High stake table

I have never been successful trading EUR/USD.

I do prefer the action that GBP/CAD offers.

I think once you get use to a pair and the way it trades you always look to that pair for the profit.

That's just me.
Patience, let the trade come to you.
  • #3,509
  • Dec 20, 2019 11:42am Dec 20, 2019 11:42am
Quoting billytt
Have a good weekend all.....
Billy hope you have a wonderful weekend you're self.
Patience, let the trade come to you.
  • #3,510
  • Dec 20, 2019 11:48am Dec 20, 2019 11:48am
Quoting Pat Chiko
{quote} Hi Mr. PokerChip. In any FF thread, there's always a lot of experience trader as well as Master Trader. Seldom, you can see Newbie (noob) trader presence. But in this thread, so many claim to be newbie, which the title I've claim at very beginning of my presence here. There cannot be many newbie in this thread, it will discourage others to visit and participate coz of too many newbie reputation. In my case , a Newbie to Jailbreak system.
Ah, I see now.

Really we are all still learning and fine tuning our skills at trading in this thread.

I think if you stop learning life becomes boring and puts people into a decline of sorts.

Myself I like trading a lot and I like the life style of trading because you can control you're future of living.

It's no fun working for someone that sets the time and goals of work.
Patience, let the trade come to you.
  • #3,511
  • Dec 20, 2019 11:53am Dec 20, 2019 11:53am
Quoting pamc
{image} i strongly advise all of you that havent already done so, to download a copy of 'mastering the stophunt', in the file section..
PAMC,
I want to thank you for posting the " mastering the stop hunt " very in enlightening to say the least.

I have put it on my desktop so I can see down the road and over the hill before I get there.

Every serious trader should have this to refer too.

Thanks again,

Poker Chip
Patience, let the trade come to you.
  • #3,512
  • Dec 20, 2019 2:11pm Dec 20, 2019 2:11pm
Quoting PokerChip
{quote} PAMC, I want to thank you for posting the " mastering the stop hunt " very in enlightening to say the least. I have put it on my desktop so I can see down the road and over the hill before I get there. Every serious trader should have this to refer too. Thanks again, Poker Chip
Hi Mate, just a quick peep into the chat. No probs. Its pure gold. i will direct email u other stuff i sent to several others who responded to my offer earlier in the thread.
keep well mate.
  • #3,513
  • Dec 20, 2019 2:13pm Dec 20, 2019 2:13pm
just wish there weren't limitations on file size for posts. Got some awesome stuff but too large for the FF thread
  • #3,514
  • Dec 20, 2019 2:30pm Dec 20, 2019 2:30pm
Quoting pamc
{quote} Hi Mate, just a quick peep into the chat. No probs. Its pure gold. i will direct email u other stuff i sent to several others who responded to my offer earlier in the thread. keep well mate.
Okay thank you PAMC.
Patience, let the trade come to you.
  • #3,515
  • Dec 20, 2019 2:31pm Dec 20, 2019 2:31pm
Quoting pamc
just wish there weren't limitations on file size for posts. Got some awesome stuff but too large for the FF thread
Sounds good, have a wonderful weekend.
Patience, let the trade come to you.
  • #3,516
  • Dec 21, 2019 3:06am Dec 21, 2019 3:06am
Thanks Pokerchip and Richy for your comments.

Here is EUR/GBP daily chart. Did I mark the levels correctly?
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 44 KB
  • #3,517
  • Dec 21, 2019 11:18am Dec 21, 2019 11:18am
Quoting Kellytrade
Thanks Pokerchip and Richy for your comments. Here is EUR/GBP daily chart. Did I mark the levels correctly? {image}
Good morning Kellytrade,
The 3 levels you have boxed in look good.

If you're going to place a trade I recommend that you drop down to the 4 hour chart.

Placing 3 levels on the daily chart is a lot more accurate than the 1 hour chart.

More accuracy means more pips and more profit.

Remember the jail break system will not work in a ranging market.

Thanks,

Poker Chip
Patience, let the trade come to you.
  • #3,518
  • Edited 9:08am Dec 22, 2019 8:22am | Edited 9:08am
Quoting PokerChip
{quote} Ah, I see now. Really we are all still learning and fine tuning our skills at trading in this thread. I think if you stop learning life becomes boring and puts people into a decline of sorts. Myself I like trading a lot and I like the life style of trading because you can control you're future of living. It's no fun working for someone that sets the time and goals of work.
Hi Mr. PokerChip.

I must agree with you that, trading is not something you can be taught, it has to be learned.

One need to see it for itself, this process can take any number of years.

Watching the same thing playout day after day, we may feel settle with learning..... and until you're doing it just a process.

Everyone is different, not every personality would suit to trading.

Stay healthy and eat your salad, Sir.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,519
  • Dec 22, 2019 8:59am Dec 22, 2019 8:59am
USD/JPY overview

Weekly:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 27 KB


Daily:

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 27 KB


H4:

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh4.PNG Size: 17 KB
  • #3,520
  • Dec 22, 2019 12:27pm Dec 22, 2019 12:27pm
Quoting Kellytrade
Thanks Pokerchip and Richy for your comments. Here is EUR/GBP daily chart. Did I mark the levels correctly? {image}
Nicely Done ...Getting there ...I think the trend line should help more ...Merry Xmas mate ...And happy New year ..
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