The Jail Break System | Page 235 | Forex Factory

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The Jail Break System

  • #4,681
  • Jan 23, 2020 2:01am Jan 23, 2020 2:01am
EURGBP
on the way to 0.84135 - 0.84069 - 0.83944 let see what LO will say
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Forex can only be understood backwards, but it must be traded forwards.
  • #4,682
  • Jan 23, 2020 2:11am Jan 23, 2020 2:11am
Quoting billytt
{quote} 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...
Hi Billytt,

alright, I understand. 00-00 means hh:mm ... so it's a breakout of the first H4 bar of the day + ADR according to your explanation. Thank you

PS: sorry PokerChip for spamming your thread with other trading system questions
  • #4,683
  • Jan 23, 2020 2:20am Jan 23, 2020 2:20am
Can someone help me on where the GBP/USD is heading to, i cant seem to get the 3 levels right

Someone help please
  • #4,684
  • Jan 23, 2020 2:31am Jan 23, 2020 2:31am
NZDUSD
NZD getting stronger find support @ 0.65806 let see how this will be played you can see targets
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Forex can only be understood backwards, but it must be traded forwards.
  • #4,685
  • Jan 23, 2020 2:41am Jan 23, 2020 2:41am
Quoting Kruspe
{quote} Hi Billytt, alright, I understand. 00-00 means hh:mm ... so it's a breakout of the first H4 bar of the day + ADR according to your explanation. Thank you PS: sorry PokerChip for spamming your thread with other trading system questions
this 00-00 breakout has evolved with my trading.
So yes, daily range minus the 00-00 4 hour range is what we can hunt. (or part of it).
Trade well bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,686
  • Jan 23, 2020 2:42am Jan 23, 2020 2:42am
Quoting princiano
Can someone help me on where the GBP/USD is heading to, i cant seem to get the 3 levels right Someone help please
GBPUSD
for me this is sell trap and price should go up to:
I see 1.31668 - 1.31789 where I will short last price (789) represent SL
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #4,687
  • Edited 3:04am Jan 23, 2020 2:46am | Edited 3:04am
Quoting Celal
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..
BOX = Jail House = represent consolidation = High Liquidity zone when MM is preparing to trap as many retailers

We identify box (daily TF) as an opportunity to enter the trade. This BOX is consolidation and accumulation taking place until they (MM) have an imbalance in orders....then they take the largest amount from trapped retailer they can....

For what I'm doing, looking for moves on the H1 or M15 charts give a good indication of what and where in the Daily Jail cycles the pair are located, at any given time.

I don't use the BOX per se as to find an "entry". The Jail Box is the ZONE (high liquidity when MM are preparing the trade).

Once the JAIL identified (in Daily TF). I go to LTF to find the entry, using chart pattern, reversal, flag, double top, triple bottom, continuation formation, "M" or "W", Pivot Point, Support/Resistance, Fibonacci, Supply/Demand or QM ( Over & Under) etcetera.

You should have determined what Jail BOX # or level in the cycle the pair was currently trading in. This gives you an idea of where price will go, either up or down in the cycle.

The Daily BOX does it work identifying the zone. We have to find the entry by using skillset and knowledge.

Additional info posted earlier in this thread :


https://www.forexfactory.com/showthr...2#post12654212

https://www.forexfactory.com/showthr...6#post12654276
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,688
  • Jan 23, 2020 2:51am Jan 23, 2020 2:51am
Quoting princiano
Can someone help me on where the GBP/USD is heading to, i cant seem to get the 3 levels right Someone help please

Please post your chart.

What time frame are you referring to ?

You won't always get 3 clean Jail break up or down in Chart.

If MM did it that way, we could all read it like a book... and becomes billionaires.

Sometimes they throw in the stop hunts, sometimes it will rise of fall and extra Jail level or 2.

It may come up short a Jail level or two. It all depends on where the money is for them.

Post your chart coz I'm not a wizard.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,689
  • Jan 23, 2020 2:56am Jan 23, 2020 2:56am
Quoting princiano
Can someone help me on where the GBP/USD is heading to, i cant seem to get the 3 levels right Someone help please
There are plenty of good examples already posted here, so lets start with you posting a few of yours for correction if needed. mark out how you see it and post a few. If need be historical. Also read what Pat just posted. He is spot on. Get those charts posted. am waiting here to help
  • #4,690
  • Jan 23, 2020 3:11am Jan 23, 2020 3:11am
Quoting pamc
{quote} There are plenty of good examples already posted here, so lets start with you posting a few of yours for correction if needed. mark out how you see it and post a few. If need be historical. Also read what Pat just posted. He is spot on. Get those charts posted. am waiting here to help
Thanks Everyone, I figured it out myself. Thanks everyone for your concern
  • #4,691
  • Jan 23, 2020 3:12am Jan 23, 2020 3:12am
Quoting Celal
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..
Just use D1for direction and how far into the likely trend you are. Say 1st jail down. and R is confirmed on daily then go 1HR for opportunity R on a retrace up to take entry down. you wont get boxes to match daily and 1 HR. Boxes on a daily will most likely cover a whole weeks PA. the H1 is an entry opp peak R in direction daily. Try having 1HR and daily side by side. will help u to see. But mark the levels
  • #4,692
  • Jan 23, 2020 3:12am Jan 23, 2020 3:12am
Quoting Pat Chiko
{quote} Please post your chart. What time frame are you referring to ? You won't always get 3 clean Jail break up or down in Chart. If MM did it that way, we could all read it like a book... and becomes billionaires. Sometimes they throw in the stop hunts, sometimes it will rise of fall and extra Jail level or 2. It may come up short a Jail level or two. It all depends on where the money is for them. Post your chart coz I'm not a wizard.

Thanks Pat. it has already been taken care of
  • #4,693
  • Jan 23, 2020 3:26am Jan 23, 2020 3:26am
Quoting prozor7
{quote} GBPUSD for me this is sell trap and price should go up to: I see 1.31668 - 1.31789 where I will short last price (789) represent SL {image} {image}
Hi Prozor.

Thanks for posting the chart.

I'm thinking of going long at the marked zone later, when MM pushing the price ( to trap retail buyer).

Just waiting and watching price action and let for if she will show me her hands...

then i know what to do on that situation...
Attached Image (click to enlarge)
Click to Enlarge Name: gu 111.jpg Size: 239 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,694
  • Jan 23, 2020 3:35am Jan 23, 2020 3:35am
Quoting Pat Chiko
{quote}...I'm thinking of going long at the marked zone later, when MM pushing the price ( to trap retail buyer)... {image}
hi Pat,
GBPUSD when I zoom in on H1 breaking 1.31242 - 1.31127should lead us @ 1.30986 - 1.30871
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,695
  • Jan 23, 2020 3:41am Jan 23, 2020 3:41am
Pat,
what is your view on EURGBP
Forex can only be understood backwards, but it must be traded forwards.
  • #4,696
  • Jan 23, 2020 4:02am Jan 23, 2020 4:02am
Hi Pat Chiko:
Thank you because of your detailed exlanations. My english is not fluent so I can read old posts very slowly and every day new posts added. To read all of them is hard for me, but I try to read. Thanks again. You are very kind..
  • #4,697
  • Jan 23, 2020 4:18am Jan 23, 2020 4:18am
Hi pamc,
Thank you very much for these explanations, I understand..
  • #4,698
  • Jan 23, 2020 4:23am Jan 23, 2020 4:23am
Quoting prozor7
Pat, what is your view on EURGBP
EUR GBP


With Major Impact News in few hours, this pair closely watch by many.

This in my newbie view on how to trade this pair.

Need to see H1TF chart pattern confirmation of the moves.

MM need to trap enough retail traders in weak positions in order to get liquidity to buy before the push down.

Maybe I look for M patterns at H1TF.

Caveat : Unfortunately as you know we cant do much about that and have to play the trade as its presented.

Sensible stops is the only way not to get hurt which to me means buying and selling the top of the daily range.
Attached Image (click to enlarge)
Click to Enlarge Name: egbp 100.jpg Size: 284 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,699
  • Jan 23, 2020 4:39am Jan 23, 2020 4:39am
Quoting PokerChip
{quote} Welcome back Pat. Nice chart.

Hi Mr PokerChip.

Thank you for letting me post in this thread.

I missed your post earlier. This thread now in fast lane, couldn't catch up with reading while analyzing chart set up.

I will keep up.

P/S - Have taken your salad regularly ?.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #4,700
  • Jan 23, 2020 5:18am Jan 23, 2020 5:18am
Quoting Pat Chiko
{quote} EUR GBP With Major Impact News in few hours, this pair closely watch by many. This in my newbie view on how to trade this pair. Need to see H1TF chart pattern confirmation of the moves. MM need to trap enough retail traders in weak positions in order to get liquidity to buy before the push down. Maybe I look for M patterns at H1TF. Caveat : Unfortunately as you know we cant do much about that and have to play the trade as its presented. Sensible stops is the only way not to get hurt which to me means buying and selling the top of the daily...
I rather closed my EURxxx trades before the news - better safe than sorry. It's just a lottery (the same as CAD yesterday).

EURGBP - 4pips
EURNZD + 40pips
EURCHF + 38pips

Let's wait and re-enter according to the post-news situation
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