The Jail Break System | Page 185 | 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

  • #3,681
  • Jan 6, 2020 11:45am Jan 6, 2020 11:45am
Quoting richy247
Daily USDCAD...Look better in weekly ....I guess its a beautiful LONG if it doesnt break the Yesterday LOW as TraderRon Said..."USDCAD Watch for H4 support at 1.29576 for a break or bounce. if its break down next support will be at 1.29300 could be the next bounce back up north area. " {image}
10% buy 10% sell 80% waiting
  • #3,682
  • Jan 6, 2020 11:48am Jan 6, 2020 11:48am
Quoting PokerChip
{quote} Let these profits help build you're confidence. Mondays are not easy days to trade, the " MM " will trap you and then you'll be stuck.
Monday market are always calm. Hehe
10% buy 10% sell 80% waiting
  • #3,683
  • Jan 6, 2020 11:55am Jan 6, 2020 11:55am
Quoting richy247
Daily USDCAD...Look better in weekly ....I guess its a beautiful LONG if it doesnt break the Yesterday LOW as TraderRon Said..."USDCAD Watch for H4 support at 1.29576 for a break or bounce. if its break down next support will be at 1.29300 could be the next bounce back up north area. " {image}
To me USD/CAD is a scary daily chart to trade.

I know I couldn't trade it.

Ranging scares me.
Patience, let the trade come to you.
  • #3,684
  • Jan 6, 2020 11:58am Jan 6, 2020 11:58am
AUDUSD

Watch for break at H4 support at 0.69320 for more downside and target at 0.68900 or Daily support at 0.68380.

Cheers.
10% buy 10% sell 80% waiting
  • #3,685
  • Jan 6, 2020 12:04pm Jan 6, 2020 12:04pm
Quoting PokerChip
{quote} Let these profits help build you're confidence. Mondays are not easy days to trade, the " MM " will trap you and then you'll be stuck.
PokerChip...Noted...
  • #3,686
  • Jan 6, 2020 12:05pm Jan 6, 2020 12:05pm
Quoting PokerChip
{quote} To me USD/CAD is a scary daily chart to trade. I know I couldn't trade it. Ranging scares me.
I kinda like it ...I know where exactly to get in and out...Untill it changes ...LOL
  • #3,687
  • Jan 6, 2020 12:17pm Jan 6, 2020 12:17pm
See you guys around.
Going to rest soon.

Good night all.
10% buy 10% sell 80% waiting
  • #3,688
  • Jan 6, 2020 12:28pm Jan 6, 2020 12:28pm
How do Newbie (like me) trade Jail Break.

Using Daily TF to find the set up.

Going to LTF finding the low risk entry.


Daily TF fake out

Attached Image (click to enlarge)
Click to Enlarge Name: au 103.jpg Size: 294 KB


As you can see above, the aggressive breakout trader can easily get trapped as the market gives off the illusion that a breakout is occurring.

Getting caught in a fake out can be embarrassing.

It may motivate you to negatively evaluate yourself, and kick off all kinds of self-destructive trading responses, like revenge trading.

The question to retail traders is how do you know that MM's makes fake move to make fool to dumb money ?

How to get know which move is fake and which one is not. ?


H1Tf for rlow risk entry.


Attached Image (click to enlarge)
Click to Enlarge Name: au 104.jpg Size: 319 KB



This is how I (newbie) read price H1 to find low risk entry.

Price break structure at "S" creating a nice supply area that was violated or engulfed. This kind of picture created by Lower Low (LL) Price structure is prime trading territory.

When price came back to the zone, where it breals the structure, the response was predictable.

Pretty much you are just waiting to enter on price revisits with deep retrace to the area it breaks (marked (S).

There's a alot more going on on this chart especially on lower time frames but from an H1 view these seem to stick out the most.

Combined higher frame supply and an engulf, it's a good signal to short on, if my understanding is so far correct.

It is just is my 2 pips newbie view.

Thank you
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,689
  • Jan 6, 2020 12:55pm Jan 6, 2020 12:55pm
Quoting richy247
{quote} I kinda like it ...I know where exactly to get in and out...Untill it changes ...LOL
You know like Trader Ron says " nothing goes in a straight line ".

Now you'll see USD/CHF start to move up slow and steady which tells you that is the correct direction.

When you see these herky jerky quick moves on the 1 hour chart it's the " MM " trying to scare you. And you notice these moves are never in you're favor are they, ha ha.

He wants you to close you're trade and this movement works on a lot of traders with little track record.

My goal is to trade from reversal to reversal with 5 lots with a six digit margin level, bullet proof.

Make the entry and forget about it, check in from time to time like its a baseball game to see home much your team is winning by.

Okay I've been up since 4am and I'm ready for a nap.

Talk to everyone tomorrow.
Patience, let the trade come to you.
  • #3,690
  • Jan 6, 2020 1:14pm Jan 6, 2020 1:14pm
Quoting Pat Chiko
How do Newbie (like me) trade Jail Break. Using Daily TF to find the set up. Going to LTF finding the low risk entry. Daily TF fake out {image} As you can see above, the aggressive breakout trader can easily get trapped as the market gives off the illusion that a breakout is occurring. Getting caught in a fake out can be embarrassing. It may motivate you to negatively evaluate yourself, and kick off all kinds of self-destructive trading responses, like revenge trading. The question to retail traders is how do you know that MM's makes fake move to...

Weekly chart very strong upside potential.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyi-w1-tw-corp-aud-jpy-weekly-chart-2.png Size: 48 KB
Patience, let the trade come to you.
  • #3,691
  • Jan 6, 2020 2:15pm Jan 6, 2020 2:15pm
Quoting PokerChip
{quote} You know like Trader Ron says " nothing goes in a straight line ". Now you'll see USD/CHF start to move up slow and steady which tells you that is the correct direction. When you see these herky jerky quick moves on the 1 hour chart it's the " MM " trying to scare you. And you notice these moves are never in you're favor are they, ha ha. He wants you to close you're trade and this movement works on a lot of traders with little track record. My goal is to trade from reversal to reversal with 5 lots with a six digit margin level, bullet proof....
You're very right ...I will starting working towards that stage ...
  • #3,692
  • Jan 6, 2020 9:15pm Jan 6, 2020 9:15pm
Quoting Pat Chiko
{quote} EUR NZD End of scalping from Jail #3 to Jail "R". Any "R" set up will only start after the correction moves. {image}
EUR NZD

Reversal trade from last year entry (2019)

Jail break set up start at "R" level.



Attached Image (click to enlarge)
Click to Enlarge Name: en 100.jpg Size: 356 KB


I use the analytical study of price movement.

It is widely considered a compulsory learning step for traders because it is the life blood, soul, and backbone of technical analysis.

When price arrive at "R" jail , that's is where I use the concept of “Buy the dips, and sell the rallies“.

I believe I've position myself into a trend correctly, and avoid the chance of being taken out by corrections.

I often switch Time Frames to find a price configuration l recognize, this can mean going from daily and scanning into the daily bars to find support or resistance or supply and demand levels which may appear on a 30min chart etcetera .


I can't not describe anymore than l already do with the charts l post here, its possibly a simple case that l have experienced more screen time by putting effort to share a lot of chart in this thread.

Any comments are welcome to help newbie

Thank you
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,693
  • Jan 7, 2020 12:15am Jan 7, 2020 12:15am
Quoting TraderR0N
Hello everyone. Hello guys, I have place some new orders for the following pairs below.Long NZDJPY at 72.089. Target at 72.400. Long EURJPY at 121.039. Target at 121.400. . Edit: Pls trade and manage your own risks. I have also change my new style of managing my own trades. Cheers and green pips.

Good afternoon traders,

Updates on Long NZDJPY and Long EURJPY.

Both have hit above targets

Enjoy your day and
10% buy 10% sell 80% waiting
  • #3,694
  • Jan 7, 2020 12:25am Jan 7, 2020 12:25am
morning all.
Cable, I was short, break of the 00-00 4 hour bar low.... adr =115. plenty to work with later.
dax , nothing happening yet.
Trade vwell all.
t 06-25 UK Time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,695
  • Jan 7, 2020 1:07am Jan 7, 2020 1:07am
Quoting TraderR0N
AUDUSD Watch for break at H4 support at 0.69320 for more downside and target at 0.68900 or Daily support at 0.68380. Cheers.
AUDUSD.

Sell trade has been activated at 0.69320 and target 0.68900.

Thanks.
10% buy 10% sell 80% waiting
  • #3,696
  • Jan 7, 2020 1:12am Jan 7, 2020 1:12am
Quoting billytt
morning all. Cable, I was short, break of the 00-00 4 hour bar low.... adr =115. plenty to work with later. dax , nothing happening yet. Trade vwell all. t 06-25 UK Time.
Dax, the 00-00 4 hour bar High broke, I am now officially Long.
Trade well all.
t 07-12
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,697
  • Jan 7, 2020 1:16am Jan 7, 2020 1:16am
Quoting billytt
morning all. Cable, I was short, break of the 00-00 4 hour bar low.... adr =115. plenty to work with later. dax , nothing happening yet. Trade vwell all. t 06-25 UK Time.
Nice Billy,

Ha ha.. I’m still holding on to long Cable and short EURGBP.

Good luck mate.
10% buy 10% sell 80% waiting
  • #3,698
  • Jan 7, 2020 1:26am Jan 7, 2020 1:26am
Quoting TraderR0N
{quote} Nice Billy, Ha ha.. I’m still holding on to long Cable and short EURGBP. Good luck mate.
I was short on cable earlier. first break of the 00-00 4 hour bar.
First break is a bit harder to follow, whereas the second break is easier to chase the adr, average daily range.

so cable, I was looking for 20 but ended up with 15 points.
My main trade being cable 08-00 15 minute bar break.
Trade well .
t 07-26
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,699
  • Jan 7, 2020 1:30am Jan 7, 2020 1:30am
Quoting billytt
{quote} I was short on cable earlier. first break of the 00-00 4 hour bar. First break is a bit harder to follow, whereas the second break is easier to chase the adr, average daily range. so cable, I was looking for 20 but ended up with 15 points. My main trade being cable 08-00 15 minute bar break. Trade well . t 07-26
I see. Cool mate.
10% buy 10% sell 80% waiting
  • #3,700
  • Jan 7, 2020 1:31am Jan 7, 2020 1:31am
Morning Guys....
26 traders viewing now