The Jail Break System | Page 221 | 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

  • #4,401
  • Jan 20, 2020 10:09am Jan 20, 2020 10:09am
Quoting PokerChip
{quote} Thanks Richy247, and broken clock is correct twice a day. So there you go.
True ..>When get in Now or later ...Its still coming Up no matter what ....
  • #4,402
  • Jan 20, 2020 10:10am Jan 20, 2020 10:10am
Quoting billytt
{quote} Thanks Poker. to rest is easier said than done, but you are right. my next game is in 2 weeks, so hopefully rest .
Rest, castrol oil, and heating pad.
Works wonders.
Patience, let the trade come to you.
  • #4,403
  • Jan 20, 2020 10:11am Jan 20, 2020 10:11am
Quoting richy247
{quote} True ..>When get in Now or later ...Its still coming Up no matter what ....
Correct, the closer you are to the bottom the better off you are.

So here's the weekly chart, the 3 levels look good.

I might as well make my entry now.

Doesn't get much better.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchfi-w1-tw-corp-eur-chf-weekly-chart.png Size: 44 KB
Patience, let the trade come to you.
  • #4,404
  • Jan 20, 2020 10:24am Jan 20, 2020 10:24am
NZD/USD daily chart update.

Moving lower to the 2nd level.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdi-d1-tw-corp-nzd-usd-daily-chart.png Size: 51 KB
Patience, let the trade come to you.
  • #4,405
  • Jan 20, 2020 10:34am Jan 20, 2020 10:34am
USD/CAD daily chart update.

Currently at the 1st level for the last 8 days.

Probably move up any day now.

Normal average to be at the 1st level is 5-7 days.
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.
  • #4,406
  • Jan 20, 2020 10:48am Jan 20, 2020 10:48am
Thank you PokerChip, your a Gent, you take the time to help, uploading charts and your thoughts on the Price Action. So helpful,Respect to you.
  • #4,407
  • Jan 20, 2020 10:52am Jan 20, 2020 10:52am
Quoting Pipradar
Thank you PokerChip, your a Gent, you take the time to help, uploading charts and your thoughts on the Price Action. So helpful,Respect to you.
Pipradar thank you for your kinds words.

I like to help traders if I can, it makes me feel good if I can help someone.

Now, if I could get my 3 sons to hang up their coats after they come inside, I'd be ecstatic, ha ha.
Patience, let the trade come to you.
  • #4,408
  • Jan 20, 2020 11:03am Jan 20, 2020 11:03am
Quoting TraderR0N
Hey guys, Second trade of the day for short EURJPY. {image}
Still waiting for EUR/GBP to surge up.

Maybe tomorrow.

I did buy EUR/CHF at $1.0740
Patience, let the trade come to you.
  • #4,409
  • Jan 20, 2020 11:06am Jan 20, 2020 11:06am
Quoting PokerChip
{quote} Still waiting for EUR/GBP to surge up. Maybe tomorrow. I did buy EUR/CHF at $1.0740
Yes buddy.. that will also depend on the coming ECB and all EUR news data this week..
10% buy 10% sell 80% waiting
  • #4,410
  • Jan 20, 2020 11:24am Jan 20, 2020 11:24am
how does fibo lines on charts work?
when price coming down it should find support on following lines 61.8% 50.0% 23.6% 0% (or 100%)
when price going up it should find resistance on following lines 38.2% 50.0% 76.4% 100% (or 0%)

time frame | trading period | refresh time?
MN chart have Year fibo (year support blue lines) | trading period 1 month | every 1st in month
when zoom in
W1 chart have Quarter fibo (quarter support white lines) trading period 1 week | every week
when zoom in
D1 chart have Month fibo (month support yellow lines) trading period 1 day | every 1st in month
when zoom in
H4 chart have Week fibo (week support orange lines) trading period 4 hours | every week
when zoom in
H1 chart have Day fibo (day support green lines) trading period 1 hour | every day

when to enter trade buy?
best situation is when most of down support lines (61.8, 50, 23, & 0) overlap with other(s) support lines with different timeframe
example: suggested EURCAD EURJPY
previous example USDCHF @ 0.96636 - 0.96566 - 0.96380 (attached image)

when to enter trade sell?
best situation is when most of up resistance lines (38.2, 50, 76.4 & 100) overlap with other(s) resistance lines with different timeframe
previous example EURJPY @ 122.497 - 122.693 - 122.980

why on every line write "Support" where is word "Resistance"?
I didn't know how to program that in MQL
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,411
  • Jan 20, 2020 11:35am Jan 20, 2020 11:35am
H1 chart example:
AUDUSD find support @ 0.68637 - 0.68599
according to rules it should go up to 0.68738 - 0.68785 where (if we believe in down move) should enter sell
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,412
  • Jan 20, 2020 12:25pm Jan 20, 2020 12:25pm
Quoting Pipradar
Thank you PokerChip, your a Gent, you take the time to help, uploading charts and your thoughts on the Price Action. So helpful,Respect to you.
well said Pip, seconded.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,413
  • Jan 20, 2020 2:04pm Jan 20, 2020 2:04pm
Quoting billytt
{quote} well said Pip, seconded.
Hi Mr B, yes this place reminds me of another, take Buddy.
  • #4,414
  • Jan 20, 2020 2:05pm Jan 20, 2020 2:05pm
Quoting Kruspe
{quote} Thank you TraderRon, and how about an ideal entry point? Once the level 1 is identified (below, or above the level range?) You use 5 positions and close then step by step according to reached levels? Thanks K.
Hi Kruspe,

Sorry that I have miss your post. Yes and when I’m in profits about 20 pips I will locked at 1 pip just in case trend go against me and I will still enjoy my 1 pip profits.
10% buy 10% sell 80% waiting
  • #4,415
  • Jan 20, 2020 2:26pm Jan 20, 2020 2:26pm
Quoting TraderR0N
{quote} Hi Kruspe, Sorry that I have miss your post. Yes and when I’m in profits about 20 pips I will locked at 1 pip just in case trend go against me and I will still enjoy my 1 pip profits.
Thanks for your reply TraderR0N!

Could you please check my NZDUSD chart and let me know where would you place an order?
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_NZD_USD_4 Hours_snapshot.png Size: 55 KB
  • #4,416
  • Jan 20, 2020 2:48pm Jan 20, 2020 2:48pm
Quoting Kruspe
{quote} Thanks for your reply TraderR0N! Could you please check my NZDUSD chart and let me know where would you place an order? {image}
Hey Kruspe,

Nice chart.

I do have a sell trade at price 0.66050 area. You can also have a sell limit trade after pullback at point A and add more orders of a break of point C and sell limit trade after pullback at point C. It’s also looks like a shoulder head shoulder pattern on H4 chart.
10% buy 10% sell 80% waiting
  • #4,417
  • Jan 20, 2020 2:58pm Jan 20, 2020 2:58pm
Goodnight everyone.
10% buy 10% sell 80% waiting
  • #4,418
  • Jan 20, 2020 3:37pm Jan 20, 2020 3:37pm
Quoting 4pipsake
To 7th Torch wouldn't 2-3 NY time be London close, not open?
2-3 AM (NY) London/Frankie open
  • #4,419
  • Jan 20, 2020 4:09pm Jan 20, 2020 4:09pm
Quoting TraderR0N
Goodnight everyone.
Good night Trader Ron
Patience, let the trade come to you.
  • #4,420
  • Jan 20, 2020 4:14pm Jan 20, 2020 4:14pm
Quoting TraderR0N
{quote} Hey Kruspe, Nice chart. I do have a sell trade at price 0.66050 area. You can also have a sell limit trade after pullback at point A and add more orders of a break of point C and sell limit trade after pullback at point C. It’s also looks like a shoulder head shoulder pattern on H4 chart.
Thanks for your reply.. I'm in!

Good night
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_NZD_USD_4 Hours_snapshot2.png Size: 51 KB
3 traders viewing now