The Jail Break System | Page 234 | Forex Factory

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The Jail Break System

  • #4,661
  • Jan 22, 2020 4:25pm Jan 22, 2020 4:25pm
Quoting PokerChip
{quote} This is the hardest pair to trade. I call it the psycho pair. I've come to the conclusion that the very best way to trade it. Is to hedge it, that's the only way that I can win. This pair rarely corporates. It's been in and out of the 1st level box for 23 days. If it move up from here it completes a " W " on the daily chart. But who knows what it will do. The fuel should be there to push it up by now. I'm in this trade and I'm down.
Psycho pair.. haha, you are so right .. that's the dark side of cross pairs I guess.

I'm long at 0.84511 and wait for BARF confirmation.. then I would be ready to buy more at a discounted price.
  • #4,662
  • Jan 22, 2020 4:41pm Jan 22, 2020 4:41pm
Quoting Pipradar
NZD Still holding short 3 entry's from 6605, patience required ha ha, need a close below 6580 to get some commitment further south me thinks lets see.
Slow and steady, wins the race
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_NZD_USD_4 Hours_snapshot3.png Size: 79 KB
  • #4,663
  • Jan 22, 2020 4:54pm Jan 22, 2020 4:54pm
Quoting Kruspe
{quote} Slow and steady, wins the race {image}
I think NZD/USD continues moving south.

Slow and steady.
Patience, let the trade come to you.
  • #4,664
  • Jan 22, 2020 4:56pm Jan 22, 2020 4:56pm
Quoting Kruspe
{quote} Psycho pair.. haha, you are so right .. that's the dark side of cross pairs I guess. I'm long at 0.84511 and wait for BARF confirmation.. then I would be ready to buy more at a discounted price.
It might drop to .8400 before it moves up.

It's like a dog with rabbis.

Nice chart.
Patience, let the trade come to you.
  • #4,665
  • Jan 22, 2020 5:19pm Jan 22, 2020 5:19pm
Quoting Kruspe
{quote} GBPCHF It looks like BARF pattern is forming {image}
Same thing over and over again
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY BARF.png Size: 65 KB
  • #4,666
  • Jan 22, 2020 5:25pm Jan 22, 2020 5:25pm
Quoting billytt
{quote} first we have the average daily range, so we know what sort of range to play with. I then will take example 40 points from a 100 range (it depends). Just a basic simply method, once my specific range is broken ie 00-00 4 hour, I look for 20 points, IF it then retraces and breaks the opposite end I then chase the daily range, or part of it. Sometimes you see the levels being busted when the bears/bulls are being wiped out, and I follow the MM not trade one of the areas loaded with bears/bulls.
Great, super-simple method that makes sense! Very similar to Asia range trading.. what does your specific range mean (00-00 4 hour) ?

Thanks for sharing
  • #4,667
  • Jan 22, 2020 11:39pm Jan 22, 2020 11:39pm
Quoting prozor7
this post is for self-building confident I was in the zone today start day with this statement: "I love what I do, especially now (writing and analyzing in this great blog) so I'm really well" than continue with some nice analyze EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPCHF, GBPJPY, NZDUSD, USDCAD, USDJPY hope that you have fun as I did, you learn something and it brings some money for you if you have suggestion how to improve what I posts, or post are not clear enough please let me know. thx and "see" you tomorrow good night all
Great posting prozar7, glad you are on board here.
  • #4,668
  • Jan 23, 2020 12:03am Jan 23, 2020 12:03am
Good morning, learning to be patient, took a M on the pair at 800MA and closed at 50MA area
Slowing down, preparing for the new year and reading more, have a good session all!
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  • #4,669
  • Jan 23, 2020 12:17am Jan 23, 2020 12:17am
Morning all from Southern UK in the New Forest.

We are already motoring...….
Cable, 00-00 4 hour bar break... Low broke and I am short, hopefully will get 20.
usd/chf 00-00 4 hour bar break. High broke and I am long, this I am really hitting.

Dax 00-00 4 hour bar , low broke and I am short BUT I really would like to see a long. lol.
trade well all.
t 06-17 UK Time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,670
  • Jan 23, 2020 12:26am Jan 23, 2020 12:26am
Quoting Pat Chiko
{quote} USD CAD Completed Scalping Jail #1 Moving on to visit Jail # 2. {image}
USD CAD

Expect correction at LO.

Scalping target reached and reset Jail break
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,671
  • Jan 23, 2020 12:33am Jan 23, 2020 12:33am
USD CHF


Scalping at Jail #1
Attached Image (click to enlarge)
Click to Enlarge Name: uchf 103.jpg Size: 250 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,672
  • Jan 23, 2020 12:41am Jan 23, 2020 12:41am
morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #4,673
  • Jan 23, 2020 12:51am Jan 23, 2020 12:51am
Hi Pat Chiko,
I want to ask you a question about my confusion. Firstly we determine the direction with D1 chart. we draw the boxes and go to H1 chart to enter. In H1 chart do we use the boxes which we draw earlier in D1 chart? or we draw new boxes in H1 chart? or we dont draw new boxes in H1 chart and only enter with price action and what we see? Thank you for all..
  • #4,674
  • Jan 23, 2020 1:05am Jan 23, 2020 1:05am
Quoting billytt
Morning all from Southern UK in the New Forest. We are already motoring...…. Cable, 00-00 4 hour bar break... Low broke and I am short, hopefully will get 20. usd/chf 00-00 4 hour bar break. High broke and I am long, this I am really hitting. Dax 00-00 4 hour bar , low broke and I am short BUT I really would like to see a long. lol. trade well all. t 06-17 UK Time.
Good morning Billy, let's take GBPUSD for instance, you mean to say when 4H bar closes or breaks through 1.3100 u will turn short for 20pips?
  • #4,675
  • Jan 23, 2020 1:28am Jan 23, 2020 1:28am
Quoting yieldplay
{quote} Good morning Billy, let's take GBPUSD for instance, you mean to say when 4H bar closes or breaks through 1.3100 u will turn short for 20pips?
yes.... it actually turned so I closed for 10.
we are now back in the 00-00 4 hour bar range. we can short it again if it breaks low again. I am happy with 10.
my main trade is the 08-00 15 minute bar break which I will hammer.
I am now trading usd/chf heavily too.
Trade well.
t 07-28
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,676
  • Jan 23, 2020 1:28am Jan 23, 2020 1:28am
Quoting prozor7
morning to all
Hi P, hope all is well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,677
  • Jan 23, 2020 1:37am Jan 23, 2020 1:37am
Quoting Kruspe
{quote} Great, super-simple method that makes sense! Very similar to Asia range trading.. what does your specific range mean (00-00 4 hour) ? Thanks for sharing
Hi K, I wish I could post a chart but not with this Pc I am on.

I will try and explain as best I can.
Today usd/chf the 00-00 4 hour range is 11...…. and the average daily range is 39 for the past 5 days.
00-00 High is 9684...……………...00-00 Low is 9673 = 11 point range.

So daily range 39 minus the 00-00 range of 11 =28, we hopefully look for 28 point profit. BUT I will take 50% of that ie I take 14 or less.

These sort of breakouts are very old and well established methods.
I only started trading them when I had a fail on another method, because they then have amazing stats.
Trade well
t 07-37
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,678
  • Jan 23, 2020 1:39am Jan 23, 2020 1:39am
Quoting prozor7
morning to all
Morning Prozor7
  • #4,679
  • Jan 23, 2020 1:43am Jan 23, 2020 1:43am
AUDCAD
I would like to see pullback to 0.90246 - 0.90175 before it hit 0.90617 price is overstretched @ this moment
than up to 0.90617
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,680
  • Jan 23, 2020 1:49am Jan 23, 2020 1:49am
Hi Poker, I just realised .I posted part of my method here, My apologies.i will remove if you want.
Having said that, my break trade is the same if I traded a jail break.
yaaaaaaay t 07-49
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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