The Jail Break System | Page 219 | Forex Factory

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The Jail Break System

  • #4,361
  • Jan 19, 2020 7:59pm Jan 19, 2020 7:59pm
Quoting TraderR0N
{quote} Good morning everyone. EURGBP Anyone took this trade from last Friday? Gonna back to rest. Laters!
Hi Ron,

Yes, I'm still holding my EurGbp.
  • #4,362
  • Jan 19, 2020 8:04pm Jan 19, 2020 8:04pm
Good morning from sunny Singapore, found this thread on Friday and am still in the midst of going through the charts (At Page 75 now).

Would like to say thanks to Poker Chip for starting this thread and of course rest of crew especially Trader Ron and PAMC.
Nothing short of eye opening thinking from the eyes of MM.

My current understanding and thought process:
- Scan and plot H1 charts for recent high/low levels
- Plot congested zones
- Following outsized candles in "fake" direction drop to 15mins to find entry point
- Stop loss level still something I'm struggling with, thinking of using 3x ATR for 15mins and adjust it as i go along

Thanks again!

Regards,
YP
  • #4,363
  • Jan 19, 2020 8:07pm Jan 19, 2020 8:07pm
Quoting TraderR0N
USDJPY update. USDJPY will have potential of retracement at below price of 110.000 or break 110.300 above for a continuous uptrend to target 111.000 area. I’m still holding short trade from last week. Cheers stay green.
Theres a gap surrounding 111.000...Being there since 2019/05/03....I guess might be filling ....
  • #4,364
  • Jan 19, 2020 8:08pm Jan 19, 2020 8:08pm
First trade on AUDUSD, short at 0.68780
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD 1H - 0120.JPG Size: 150 KB
Click to Enlarge Name: AUDUSD 15M - 0120.JPG Size: 156 KB
  • #4,365
  • Edited Jan 20, 2020 3:29pm Jan 19, 2020 9:05pm | Edited Jan 20, 2020 3:29pm
Evening Maestro and Jail Breaker Gang....
take look at 1h chart EUR/CHF
...green arrow is pointing at 2-3AM my NY time...which is Frankie/London opening time
...and,,,every time down we go baby...
...what a nice pattern
...but it will change soon
MM are doing their job...we have to do our ...
Attached Image (click to enlarge)
Click to Enlarge Name: Capture 1 hour.png Size: 33 KB
  • #4,366
  • Jan 19, 2020 9:35pm Jan 19, 2020 9:35pm
Quoting TraderR0N
{quote} Hi l99r, Welcome to this thread and thank you for your kind words. Yeah.. Great from Singapore. You can always PM me if you would love to connect. Happy weekend.
Hey TraderR0N,

Glad to see that you are receptive and willing to help newer traders in their personal journey, I'm inspired to do the same if I'm ever in your position in the future.
I have been lurking around on FF for awhile, decided to create an account to connect and discuss instead of seating in the shadows.

I'm also keen to PM you but i think because I'm a new member I am not able to do so.

Regards,
l99r
  • #4,367
  • Jan 20, 2020 12:24am Jan 20, 2020 12:24am
So many traders short the Yen$. I fear there could be a Giant stop hunt before the MM's take things short. IMO
  • #4,368
  • Jan 20, 2020 12:38am Jan 20, 2020 12:38am
Quoting PokerChip
{quote} Good Sunday afternoon sir, Hopefully you made it through the rugby game safely. Trade safe tomorrow.
Hi Poker, I was playing with an injury, (damaged ligaments in right knee) which was a bit stupid, but hey ho.
Hope you are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,369
  • Jan 20, 2020 12:43am Jan 20, 2020 12:43am
To 7th Torch
wouldn't 2-3 NY time be London close, not open?
  • #4,370
  • Jan 20, 2020 12:51am Jan 20, 2020 12:51am
Morning all, from a frosty cottage in the New Forest. UK.

Cable, 00-00 4 hour bar break, I am short.
usd/chf as above but I am lo0ng.

Dax as above, the low broke but I have left it . maybe long later if given the trigger.
Trade well all.
t 06-50
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,371
  • Jan 20, 2020 12:55am Jan 20, 2020 12:55am
Quoting billytt
{quote} Hi Poker, I was playing with an injury, (damaged ligaments in right knee) which was a bit stupid, but hey ho. Hope you are well.
Hey Billytt ...there´s nothing which can be cured by a good dosis of Adrenaline ...eh? :-D
  • #4,372
  • Jan 20, 2020 1:51am Jan 20, 2020 1:51am
Quoting Nordfriese
{quote} Hey Billytt ...there´s nothing which can be cured by a good dosis of Adrenaline ...eh? :-D
was saying that to my gf, she thought it odd that I stopped limping, and I said adrenaline kicked in. I hurt after lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,373
  • Jan 20, 2020 2:12am Jan 20, 2020 2:12am
hi guys would appreciate some help here to check my understanding

First R at 0.8580 is clear, First Level (1) as well.
Price then heads north in a hurry to 0.8570, this is the fakeout.
Price then trades in range for a couple hours, eventually trading lower than level 1 to reach level 2
New low is formed and price consolidates higher than level 2 (New Level 1?)

Is my understanding correct? In this case price does not hit a level 3 but forms a New R.
Would you all take it as a reversal point or wait for a level 3?

Other charts look clearer, this one makes me wonder if i got the concept right
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 128 KB
  • #4,374
  • Jan 20, 2020 2:23am Jan 20, 2020 2:23am
Quoting billytt
{quote} was saying that to my gf, she thought it odd that I stopped limping, and I said adrenaline kicked in. I hurt after lol.
  • #4,375
  • Jan 20, 2020 3:31am Jan 20, 2020 3:31am
Quoting PokerChip
{quote} Sounds good, so don't be a stranger. We have traders from Singapore to Greece, Germany, France, the UK, USA, and Australia, India, Ukraine, Russia, Japan, Taiwan, and Canada, Italy, Spain, Portugal. Just about all over the earth. We all learn from each other.
Alright, the Czech Republic is a perfect match
  • #4,376
  • Jan 20, 2020 5:33am Jan 20, 2020 5:33am
Quoting Kellytrade
{quote} Hi Ron, Yes, I'm still holding my EurGbp.
Hi Kellytrade,

Nailed on this pair.
10% buy 10% sell 80% waiting
  • #4,377
  • Jan 20, 2020 5:37am Jan 20, 2020 5:37am
Quoting yieldplay
Good morning from sunny Singapore, found this thread on Friday and am still in the midst of going through the charts (At Page 75 now). Would like to say thanks to Poker Chip for starting this thread and of course rest of crew especially Trader Ron and PAMC. Nothing short of eye opening thinking from the eyes of MM. My current understanding and thought process: - Scan and plot H1 charts for recent high/low levels - Plot congested zones - Following outsized candles in "fake" direction drop to 15mins to find entry point - Stop loss level still something...
Hi Yieldplay,

Thank you for your kind words and yes great from Singapore welcome to Jail Break Club.

Try to use H4 or Daily to see reversal or direction and entry on H1. Better clearer vision picture.

Cheers and stay green.
10% buy 10% sell 80% waiting
  • #4,378
  • Jan 20, 2020 5:39am Jan 20, 2020 5:39am
Quoting yieldplay
hi guys would appreciate some help here to check my understanding First R at 0.8580 is clear, First Level (1) as well. Price then heads north in a hurry to 0.8570, this is the fakeout. Price then trades in range for a couple hours, eventually trading lower than level 1 to reach level 2 New low is formed and price consolidates higher than level 2 (New Level 1?) Is my understanding correct? In this case price does not hit a level 3 but forms a New R. Would you all take it as a reversal point or wait for a level 3? Other charts look clearer, this one...
Hi Yieldplay,

This EURGBP chart is clear and is correct.
10% buy 10% sell 80% waiting
  • #4,379
  • Edited 6:20am Jan 20, 2020 5:42am | Edited 6:20am
Quoting lit99r
{quote} Hey TraderR0N, Glad to see that you are receptive and willing to help newer traders in their personal journey, I'm inspired to do the same if I'm ever in your position in the future. I have been lurking around on FF for awhile, decided to create an account to connect and discuss instead of seating in the shadows. I'm also keen to PM you but i think because I'm a new member I am not able to do so. Regards, l99r

Hi l99r,

Thank you once again.

Open up live account, please trade small have a feel of it and hands on to try Jail Break Strategy, anything not sure just ask here and there will be nice traders around to help you out on your question.

Stay green.
10% buy 10% sell 80% waiting
  • #4,380
  • Jan 20, 2020 6:04am Jan 20, 2020 6:04am
Quoting yieldplay
First trade on AUDUSD, short at 0.68780 {image} {image}
Hi Yieldplay,

Well done and nice trade on your short AUDUSD.

I had my second entry at 0.68978 and second target at 0.68500

Stay green.
10% buy 10% sell 80% waiting
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