The Jail Break System | Page 183 | Forex Factory

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The Jail Break System

  • #3,641
  • Jan 6, 2020 8:43am Jan 6, 2020 8:43am
Quoting TraderR0N
{quote} Hi mate, DAX have been drop 2%.. bearish pressure on the mount.
I know, lol. I shorted it ,(break of 00-00 4 hour bar) But I feel better when it moves up
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,642
  • Jan 6, 2020 8:44am Jan 6, 2020 8:44am
Quoting billytt
{quote} I know, lol. I shorted it ,(break of 00-00 4 hour bar) But I feel better when it moves up
haha. Worth monitoring it mate.
10% buy 10% sell 80% waiting
  • #3,643
  • Jan 6, 2020 8:45am Jan 6, 2020 8:45am
Quoting PokerChip
Good to be back Richy247, King Trader Ron, Billytt. I hope we all have a great 2020. I stand behind what I emailed you guys. I back tested it until the cows came home. It works on all pairs that are not ranging on the daily chart. I don't see how the " MM " can defend against it. The only thing is it all happens on the daily chart only. If you have any questions just email me. Poker Chip
Would be nice if you could post Daily Steps on here for newbies like us ...Still finding it hard to catch the daily "jailbreak" like the smaller TF's
  • #3,644
  • Jan 6, 2020 8:51am Jan 6, 2020 8:51am
Time for a pullback for EURUSD.

Good short at price 1.11876. Target at 1.11400.

I’m still bullish for EURUSD and GBPUSD.
Trend has change from bearish to bullish for these 2 pairs.
10% buy 10% sell 80% waiting
  • #3,645
  • Jan 6, 2020 8:56am Jan 6, 2020 8:56am
Quoting TraderR0N
Hi guys, I have a pending buy order for AUDCAD at 0.90260. Target will be at 0.90600 and pending sell order at 0.90040. Target at 0.89600. Watch for H1 resistance break up at 0.90260 Price sitting at H4 support at 0.90040. Daily support at 0.89790. Thanks.
AUDCAD

Sell trade activated at 0.90040. Target will be at 0.89600.
10% buy 10% sell 80% waiting
  • #3,646
  • Jan 6, 2020 9:06am Jan 6, 2020 9:06am
Quoting richy247
{quote} Would be nice if you could post Daily Steps on here for newbies like us ...Still finding it hard to catch the daily "jailbreak" like the smaller TF's
Hi PokerChip,

I share the same sentiment with Richy. Somehow it's "easier" for me to spot jailbreak on H4 / H1, but can't really see it on Daily charts.
Thanks for your guidance.
  • #3,647
  • Jan 6, 2020 9:23am Jan 6, 2020 9:23am
NZD/USD 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdi-h4-tw-corp-nzd-usd-4-hour-chart.png Size: 53 KB
Patience, let the trade come to you.
  • #3,648
  • Jan 6, 2020 9:33am Jan 6, 2020 9:33am
Quoting PokerChip
NZD/USD 4 hour chart update. {image}
I knew there something not right with my NZDUSD....have to close it .....Thanks ...
  • #3,649
  • Jan 6, 2020 9:39am Jan 6, 2020 9:39am
Short EURGBP at 0.85043. Target at 0.84600.

Long GBPUSD at 1.31562. Target at 1.32000.

Cheers.
10% buy 10% sell 80% waiting
  • #3,650
  • Edited 10:06am Jan 6, 2020 9:47am | Edited 10:06am
Quoting PokerChip
NZD/USD 4 hour chart update. {image}
Hi guys,

Let me explain on PokerChip NZDUSD chart. First when trading Jail Break System. We have to ask ourself what kind of trader you are.. are you trading this with intraday, swing or position trader. We have to know when to short it when the pullback is done because trend don’t go in straight line unless you are leaving it there for a 3 levels down. Pullback on H4 or Daily could be huge. Are you putting stoploss or no stopsloss? Lots of things to think about when trading with higher timeframe.
10% buy 10% sell 80% waiting
  • #3,651
  • Jan 6, 2020 9:55am Jan 6, 2020 9:55am
Quoting TraderR0N
Hello everyone. Hello guys, I have place some new orders for the following pairs below. Long NZDCAD at 0.86513. Target at 0.86900. Long NZDJPY at 72.089. Target at 72.400. Long NZDUSD at 0.66632. Target at 0.70000. Long GBPCAD at 1.70672. Target at 1.71000. Long GBPJPY at 142.171. Target at 142.500. Long CADJPY at 83.315. Target at 83.700. Long EURJPY at 121.039. Target at 121.400. Long EURCAD at 1.45354. Target at 1.45700. Edit: Pls trade and manage your own risks. I have also change my new style of managing my own trades. Cheers and green...
Updates.

Long GBPJPY target hit at 142.500.
10% buy 10% sell 80% waiting
  • #3,652
  • Jan 6, 2020 9:57am Jan 6, 2020 9:57am
Quoting TraderR0N
{quote} Hi guys, Let me explain on PokerChip NZDUSD chart. First when trading Jail Break System. We have to ask ourself what kind of trader you are.. are you trading this with intraday, swing or position trader. We have to know when to short it when the pullback is done because trend don’t go in straight line unless you are leaving it there for a 3 level down. Pullback on H4 or Daily could be huge. Are you putting stoploss or no stopsloss? Lots of things to think about when trading with higher timeframe.
What do you suggest?...
  • #3,653
  • Jan 6, 2020 10:02am Jan 6, 2020 10:02am
Quoting richy247
{quote} What do you suggest?...
I would suggest that to learn how to trade with the trend after the pullbacks has done and that will be good for Jail Break System. Or for an example enter sell trade and leave it till the first level but bear in mind trend may go up higher and come back down so you would have to take the floating losses. And that is why you have to ask yourself what kind of pips you’re targeting or trader you are. Over here we would have different kind of traders.. some might be aiming for huge pips some might be targeting 50 pips some might be targeting 100 pips or some might be targeting support resistance area.. very very subjective I would say.
10% buy 10% sell 80% waiting
  • #3,654
  • Jan 6, 2020 10:03am Jan 6, 2020 10:03am
USD/CHF 4 hour chart.

Using the daily chart from the tip of the reversal to the top of the second green candle at the 1st level that is currently building.

I'm projecting this pair to move up to .9955 on the daily chart, and then reverse.

Time will tell, watch this pair and see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfi-h4-tw-corp-usd-chf-4-hour-chart.png Size: 36 KB
Patience, let the trade come to you.
  • #3,655
  • Jan 6, 2020 10:05am Jan 6, 2020 10:05am
Quoting TraderR0N
{quote} I would suggest that to learn how to trade with the trend after the pullbacks has done and that will be good for Jail Break System. Or for an example enter sell trade and leave it till the first level but bear in mind trend may go up higher and come back down so you would have to take the floating losses.
With Trump itchy fingers not many want to have a floating trade...Scalpers are making a killing...
  • #3,656
  • Jan 6, 2020 10:08am Jan 6, 2020 10:08am
Quoting richy247
{quote} With Trump itchy fingers not many want to have a floating trade...Scalpers are making a killing...
This is what I meant.. are you willing to get stuck in the trade for long? We have to ask ourself this question or are you putting any stoploss or no stops at all..as for me I have my own way of managing my trades probably I will cut early losses and re-enter again when my price has reached and I will load them again.
10% buy 10% sell 80% waiting
  • #3,657
  • Jan 6, 2020 10:19am Jan 6, 2020 10:19am
EUR/GBP daily chart.

I'm projecting this pair to move up to .9216 then reverse.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpi-d1-tw-corp-eur-gbp-daily-chart.png Size: 39 KB
Patience, let the trade come to you.
  • #3,658
  • Jan 6, 2020 10:21am Jan 6, 2020 10:21am
Quoting TraderR0N
{quote} This is what I meant.. are you willing to get stuck in the trade for long? We have to ask ourself this question or are you putting any stoploss or no stops at all..as for me I have my own way of managing my trades probably I will cut early losses and re-enter again when my price has reached and I will load them again.
You are very right ...Now we have the most important thing...Major direction ...The entry and exit now depends on individual....40-50pip very good on each pair.

@PokerChip is it possible to get the Magic number for the overall Projection ?
  • #3,659
  • Jan 6, 2020 10:23am Jan 6, 2020 10:23am
Quoting TraderR0N
Short EURGBP at 0.85043. Target at 0.84600. Long GBPUSD at 1.31562. Target at 1.32000. Cheers.
Look at PokerChip chart on EURGBP and I’m shorting.
10% buy 10% sell 80% waiting
  • #3,660
  • Jan 6, 2020 10:24am Jan 6, 2020 10:24am
Quoting richy247
{quote} You are very right ...Now we have the most important thing...Major direction ...The entry and exit now depends on individual....40-50pip very good on each pair. @PokerChip is it possible to get the Magic number for the overall Projection ?
Which pair ?
Patience, let the trade come to you.
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