The Jail Break System | Page 187 | Forex Factory

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The Jail Break System

  • #3,721
  • Jan 7, 2020 3:01am Jan 7, 2020 3:01am
Quoting TraderR0N
{quote} Hi Billy, How you actually look at ADR because at times percentage will overshot it for some volatility pairs especially GBP.
I will try and keep my reply simple.
I work my own adr out and they are normally very close to online ones.
So I add 5 daily bars and divide by 5. ( I do not count Sunday).
I also have a secondary daily range, which is the adr divided by 5, and this is a killer.
Cable today. my secondary daily range = 96 and the main adr = 115.
I trade and look for secondary, this is a percentage, sometimes I look for more.
If volatility overshoots this, THAT'S LIFE,
my main trade I hit 5% every day over 5 days, ok Christmas period it doesn't happen.
I work percentages off stats, frequency distribution.

Having said that, with the daily range, this brings it inline with this thread aiming for the jail break levels etc.
we are similar but I look for less.
Trade well bud.

sorry for long post.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,722
  • Jan 7, 2020 3:08am Jan 7, 2020 3:08am
Hi guys.

As for the long USDCAD. Please let the ‘MM’ to push down to trap more sellers before going up north area. It has been ranging at the bottoms for few days now. Time to fly imo.. just wait for it.

Patience pays off.
10% buy 10% sell 80% waiting
  • #3,723
  • Jan 7, 2020 3:11am Jan 7, 2020 3:11am
Quoting billytt
{quote} I will try and keep my reply simple. I work my own adr out and they are normally very close to online ones. So I add 5 daily bars and divide by 5. ( I do not count Sunday). I also have a secondary daily range, which is the adr divided by 5, and this is a killer. Cable today. my secondary daily range = 96 and the main adr = 115. I trade and look for secondary, this is a percentage, sometimes I look for more. If volatility overshoots this, THAT'S LIFE, my main trade I hit 5% every day over 5 days, ok Christmas period it doesn't happen. I work...
Ok I’m all clear now. You’re good bud.
10% buy 10% sell 80% waiting
  • #3,724
  • Jan 7, 2020 3:32am Jan 7, 2020 3:32am
I have closed out my short EURUSD at 5 pips profits. Don’t like the price action moves. I still think that it will break out the high soon before coming down hard.

Still bullish on GBPUSD and EURUSD.
10% buy 10% sell 80% waiting
  • #3,725
  • Jan 7, 2020 3:47am Jan 7, 2020 3:47am
Quoting Pat Chiko
{quote} EUR AUD Entry made on 27th Dec, 2019 as scalping. End up as Jail Breaker "R" Position Trader, been holding this trade for a year... {image}

EUR AUD

Take profit @ MPL.

Wait for another Jail Break set up.

Stress free & easy scalping trade
Attached Image (click to enlarge)
Click to Enlarge Name: ea 102.jpg Size: 331 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,726
  • Jan 7, 2020 4:26am Jan 7, 2020 4:26am
Quoting TraderR0N
Hi guys. As for the long USDCAD. Please let the ‘MM’ to push down to trap more sellers before going up north area. It has been ranging at the bottoms for few days now. Time to fly imo.. just wait for it. Patience pays off.
USDCAD seem to be moving up slowly atm...
10% buy 10% sell 80% waiting
  • #3,727
  • Jan 7, 2020 5:20am Jan 7, 2020 5:20am
cable was a bit naughty, anyway it retraced and broke my 00-00 4 hour low.
t 11-20
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,728
  • Jan 7, 2020 6:10am Jan 7, 2020 6:10am
Quoting billytt
cable was a bit naughty, anyway it retraced and broke my 00-00 4 hour low. t 11-20
cable has come to within 6 points of my secondary daily range.
It was something to aim for after the 00-00 4 bar low broke.
t 12-10 UK time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,729
  • Jan 7, 2020 6:52am Jan 7, 2020 6:52am
Quoting TraderR0N
{quote} USDCAD seem to be moving up slowly atm...
Long USDCAD at price 1.29628.
Target will be at 1.30100.

Cheers.
10% buy 10% sell 80% waiting
  • #3,730
  • Jan 7, 2020 6:55am Jan 7, 2020 6:55am
[quote=TraderR0N;12689613]Short EURGBP at 0.85043. Target at 0.84600.

Short EURGBP closed at 1 pip profit.
10% buy 10% sell 80% waiting
  • #3,731
  • Jan 7, 2020 6:58am Jan 7, 2020 6:58am
I have also short Gold ( XAUUSD) at 1566.76. Target at 1540.00.

I have also short Silver ( XAGUSD ) at 18.150. Target at 17.770.

Let see how the US session play out.

Cheers
10% buy 10% sell 80% waiting
  • #3,732
  • Jan 7, 2020 7:24am Jan 7, 2020 7:24am
Quoting billytt
{quote} I will try and keep my reply simple. I work my own adr out and they are normally very close to online ones. So I add 5 daily bars and divide by 5. ( I do not count Sunday). I also have a secondary daily range, which is the adr divided by 5, and this is a killer. Cable today. my secondary daily range = 96 and the main adr = 115. I trade and look for secondary, this is a percentage, sometimes I look for more. If volatility overshoots this, THAT'S LIFE, my main trade I hit 5% every day over 5 days, ok Christmas period it doesn't happen. I work...


with 5% a day, who needs a bank deposit account or private pension schemes heh?
  • #3,733
  • Jan 7, 2020 7:28am Jan 7, 2020 7:28am
Quoting Pat Chiko
{quote} EUR NZD Reversal trade from last year entry (2019) Jail break set up start at "R" level. {image} 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...
Simply brilliantly stated.
Patience, let the trade come to you.
  • #3,734
  • Jan 7, 2020 7:30am Jan 7, 2020 7:30am
Quoting pamc
{quote} with 5% a day, who needs a bank deposit account or private pension schemes heh?
I don't have a pension lol
I trade using 2 bank rolls.
my trade bank roll I trade for 5%, and if /when that gets into difficulties I borrow from the big bank roll.
Something like how banks lend and take interest on repayment.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,735
  • Jan 7, 2020 7:35am Jan 7, 2020 7:35am
Good morning everyone.
Patience, let the trade come to you.
  • #3,736
  • Jan 7, 2020 7:38am Jan 7, 2020 7:38am
Quoting PokerChip
Good morning everyone.
Hi Poker. Raring to go???
  • #3,737
  • Jan 7, 2020 7:39am Jan 7, 2020 7:39am
Quoting PokerChip
{quote} Simply brilliantly stated.

He's not bad at all is he??
  • #3,738
  • Jan 7, 2020 7:40am Jan 7, 2020 7:40am
USD/SGD daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: usdsgdi-d1-tw-corp-usd-sgd-daily-chart.png Size: 51 KB
Patience, let the trade come to you.
  • #3,739
  • Jan 7, 2020 7:46am Jan 7, 2020 7:46am
NZD/USD daily chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdi-d1-tw-corp-nzd-usd-daily-chart.png Size: 52 KB
Patience, let the trade come to you.
  • #3,740
  • Jan 7, 2020 7:47am Jan 7, 2020 7:47am
Quoting pamc
{quote} He's not bad at all is he??
Nope, good morning PAMC.
Patience, let the trade come to you.
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