The Jail Break System | Page 208 | Forex Factory

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The Jail Break System

  • #4,141
  • Jan 15, 2020 5:11am Jan 15, 2020 5:11am
Quoting PokerChip
Good morning everyone.
Good morning PokerChip.
10% buy 10% sell 80% waiting
  • #4,142
  • Jan 15, 2020 5:11am Jan 15, 2020 5:11am
Quoting PokerChip
Good morning everyone.
Good morning to you PokerChip
  • #4,143
  • Jan 15, 2020 5:11am Jan 15, 2020 5:11am
Quoting Pipradar
{quote} Cracking results yet again Trader Ron, Inspiring, I can say no more.
Thank you Pipradar.
10% buy 10% sell 80% waiting
  • #4,144
  • Jan 15, 2020 5:16am Jan 15, 2020 5:16am
AUD/NZD daily chart update.

Now moving to the 1st level.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdi-d1-tw-corp-aud-nzd-daily-chart.png Size: 49 KB
Patience, let the trade come to you.
  • #4,145
  • Jan 15, 2020 5:26am Jan 15, 2020 5:26am
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...

EUR NZD

Update on small long scalping position posted earlier (linked above).

Newbie scaling using Jailbreak.


Attached Image (click to enlarge)
Click to Enlarge Name: en 102.jpg Size: 293 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,146
  • Jan 15, 2020 5:26am Jan 15, 2020 5:26am
Hello, thank you for your thread. I try to understand how to draw blue boxes. It seems so that you don't use any of lines: open, close, high , low of candles.

How do you define up and bottom lines of these blue boxes?

Thank you.
  • #4,147
  • Jan 15, 2020 5:47am Jan 15, 2020 5:47am
Quoting MrAlex
Hello, thank you for your thread. I try to understand how to draw blue boxes. It seems so that you don't use any of lines: open, close, high , low of candles. How do you define up and bottom lines of these blue boxes? Thank you.
Good morning Mr. Alex,
You want to know how I draw the blue box ?

In the beginning I wait for a reversal then I look for railroad tracks for the 1st level. There could be 5-15 railroad tracks for the 1st level. (daily chart)

If you can see several, at least (5-7) railroad tracks in a row on the daily chart this is a level.

Look at this chart that I post about 30 minutes ago. You can clearly see the railroad tracks at the 1st level.

Use a daily chart for direction and wait for the reversal then place you're entry to buy or sell.

Just remember use the daily chart for direction then move to the 4 hour chart or 1 hour chart for you're entry.

If you need anything else, just let me know.

Poker Chip
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdi-d1-tw-corp-eur-gbp-daily-chart.png Size: 55 KB
Patience, let the trade come to you.
  • #4,148
  • Jan 15, 2020 5:48am Jan 15, 2020 5:48am
Quoting Pat Chiko
{quote} EUR NZD Update on small long scalping position posted earlier (linked above). Newbie scaling using Jailbreak. {image}
Beautiful chart Pat.
Patience, let the trade come to you.
  • #4,149
  • Jan 15, 2020 6:40am Jan 15, 2020 6:40am
Hi PokerChip,
Let me repeat my previous question. Do you trade against D1 trend. Thanks a lot.
  • #4,150
  • Jan 15, 2020 6:45am Jan 15, 2020 6:45am
Quoting PokerChip
{quote} Good morning Mr. Alex, You want to know how I draw the blue box ? In the beginning I wait for a reversal then I look for railroad tracks for the 1st level. There could be 5-15 railroad tracks for the 1st level. (daily chart) If you can see several, at least (5-7) railroad tracks in a row on the daily chart this is a level. Look at this chart that I post about 30 minutes ago. You can clearly see the railroad tracks at the 1st level. ...
Thank you for the answer. Do you mean these candles wicks ?
Attached Image (click to enlarge)
Click to Enlarge Name: 20200115_153930.jpg Size: 167 KB
  • #4,151
  • Jan 15, 2020 6:48am Jan 15, 2020 6:48am
Quoting Celal
Hi PokerChip, Let me repeat my previous question. Do you trade against D1 trend. Thanks a lot.
I never trade against the daily chart trend.

This is exactly what the market maker wants you to do. Then he traps you.

Have you ever entered a trade and immediately that trade turns against you ?

Always trade with the trend, and you'll be trading with the market maker.

The jail break system is designed to trade with the market maker.
Patience, let the trade come to you.
  • #4,152
  • Jan 15, 2020 6:49am Jan 15, 2020 6:49am
Quoting MrAlex
{quote} Thank you for the answer. Do you mean these candles wicks ? {image}
The candles itself are the railroad tracks, just below you're circle.

The 13 EMA runs right through them.
Patience, let the trade come to you.
  • #4,153
  • Jan 15, 2020 7:13am Jan 15, 2020 7:13am
Hi PokerChip,
Thank you very very much.
  • #4,154
  • Jan 15, 2020 7:27am Jan 15, 2020 7:27am
USD CAD


Jail break set up.

We start defining "R" Level in Daily TF Price Structure.

Although we do all of our Jail Break set up from the Daily TF, that doesn’t mean we have to dismiss the Four and One hour chart to find better price for an entry.

We’re simply using the lower time frame to get a more precise level which we can then use to trade the higher time frames.

It can be a nice compliment to the higher time frames if used properly.

NOTE : Do keep in mind that most "Jail" levels are best thought of as zones rather than exact levels.
So although the Jail Break Strategy can be highly effective, it won’t work in every situation nor is it without flaw. So remember to always protect your trading capital.

Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ucad 103.jpg Size: 292 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,155
  • Jan 15, 2020 7:28am Jan 15, 2020 7:28am
Quoting Celal
Hi PokerChip, Thank you very very much.
You're welcome.
Patience, let the trade come to you.
  • #4,156
  • Jan 15, 2020 7:31am Jan 15, 2020 7:31am
Quoting Pat Chiko
USD CAD Jail break set up. We start defining "R" Level in Daily TF Price Structure. Although we do all of our Jail Break set up from the Daily TF, that doesn’t mean we have to dismiss the Four and One hour chart to find better price for an entry. We’re simply using the lower time frame to get a more precise level which we can then use to trade the higher time frames. It can be a nice compliment to the higher time frames if used properly. NOTE : Do keep in mind that most "Jail" levels are best thought of as zones rather than exact levels. So although...
Pat,
Nice post, you're a eloquent speaker.

Poker Chip
Patience, let the trade come to you.
  • #4,157
  • Edited 8:17am Jan 15, 2020 7:36am | Edited 8:17am
USD/CAD daily chart.

We've has a reversal.

Now the pair is building the 1st level.

I have entered a buy trade at 1.30475
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadi-d1-tw-corp-usd-cad-daily-chart.png Size: 52 KB
Patience, let the trade come to you.
  • #4,158
  • Jan 15, 2020 8:20am Jan 15, 2020 8:20am
Quoting PokerChip
{quote} The candles itself are the railroad tracks, just below you're circle. The 13 EMA runs right through them.
Thank you again for you patience. Sorry, But I can't to understand, what do you mean by railroad tracks. Everything what I found is
Attached Image (click to enlarge)
Click to Enlarge Name: 20200115_170822.jpg Size: 148 KB


but you wrote
Quote
If you can see several, at least (5-7) railroad tracks in a row on the daily chart this is a level
. I see there only 1 those pattern, where you marked as level 1.sorry for my english, but I think this would help many traders, if you could mark all these railway tracks. Thank you again.
  • #4,159
  • Jan 15, 2020 8:29am Jan 15, 2020 8:29am
Great thread PokerChip. Thanks for sharing how you do things. And please don't think I'm trying to influence your trade but here's a bearish weekly look at $cad:

https://twitter.com/JamieSaettele/st...131136/photo/1
  • #4,160
  • Jan 15, 2020 8:59am Jan 15, 2020 8:59am
Quoting MrAlex
{quote} Thank you again for you patience. Sorry, But I can't to understand, what do you mean by railroad tracks. Everything what I found is {image} but you wrote {quote} . I see there only 1 those pattern, where you marked as level 1.sorry for my english, but I think this would help many traders, if you could mark all these railway tracks. Thank you again.
The railroad tracks are horizontal (lllll).

You're English is good.

The blue box marks the railroad tracks.

Let me know if you need anything else.
Patience, let the trade come to you.
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