The Jail Break System

AUD/CAD daily chart.

I believe that it will push down for the reversal then move up.

this means as long as R is intact, you will hold the order.

thx
how can I insert YT video to be visible and played here ?

I don't have a clue.

You might try to drop it in like a chart.

I have seen it done by other traders, so I know it can be done.

Bold statement for GBP....I like it. Keep up the good work.

neither I, will try this way

AUDCAD
Back to drawing board

USDCAD update
because AUDCAD knockdown me now not sure in this trade

Time will tell.

Patience

Hey guys,

IMHO Analysing for EURUSD, GBPUSD and USDJPY before going to bed.

EURUSD - Can still see downside risk to price
1.10200 - 1.09800 area before buyers waiting there for reversal.

GBPUSD - As long as price still stays above 1.31000, chances of going higher to 1.32000 is high. If breaks below 1.31000 then can see further drop to 1.30000 area. Hopefully there will be no false break so watch 1.31000 key level. I’m still holding short for this pair and target at 1.30900. Interesting pair to watch atm.

USDJPY - Key level to watch 109.500 - 109.300 chances for bouncing back up to North is high and next target will be at 111.000. I’m in for long.

Hope it’s helps all and plan your chart.
Stay green

Good night.

It works.

God bless you Princiano,

You're welcome, I'm glad to help. (I use the daily chart for the direction of any pair) then I'll drop down to the 1 hour or 4 hour chart and make my entry. Once you know the direction you'll be trading with the market maker, this is a huge key to making a profit in forex trading. It takes time to adjust to the daily chart but (once you see the levels on the daily chart and then put in your boxes you'll start to see the direction at lower time frames very easily). You should start putting charts on the thread so other traders can let you know how you are doing. This is a team effort, were all here to help each other out. We all want every trader to make a profit and succeed. Plus its funny reading all these trading stories that happened on a certain pair from day to day.

When I started the thread I traded only on the 1 hour chart. And it worked until one day I got stuck in a trade because it was fake reversal, I got ran over from this pair that kept on going up. So I had to adjust my thoughts about trading. I said to myself what if I go to the 4 hour chart. And that moved help a lot. But it wasn't enough, because I was still getting stuck but not as much as before. So I extended the time to the daily chart and the daily chart is a game changer for day trading forex. I even use the weekly chart sometimes if I'm confused about a direction of a pair. You see the market maker can only make a profit if you trade against him. The jail break system teaches you to trade with the market maker. The marker maker can only go up so high and only go down so low. That's why the jail break system will show you when the market maker reverses course. This is the best time to make a entry. If a pair is going down I like to draw the box for a level and wait for the pair to move up to the top of the box then enter my sell order and wait for it to drop to the bottom of the box then I close my trade. I do this as much as possible every trading day on the 4 hour chart. Because the 4 hour chart is the true direction for trading, the 4 hour has a lot of leverage over the 1 hour chart. A lot less fake outs. A lot of traders use the 1 hour chart, but I have been misdirected (lied too) by the 1 hour chart. So I can't trust the 1 hour chart like I can the 4 hour chart. The 4 hour chart teaches me to have more patience. Patience means a bigger profit. I think they're enough weak traders out there for the market maker to take advantage of so I don't see the market maker adjusting any time soon to me using the daily chart. So I'll stay with using the day chart. I hope this helps you. I'm going to post this so all traders will know how I trade.

Poker Chip

GBP/USD update.

Note: I think the reason that you have not seen a bigger drop in this pair today is because the " MM " has run out of buyers.

Please be patient, I think it will drop just as soon as the " MM " has enough buyers trapped.

It's just a matter of time.

save to your downloads and then upload as charts or just copy the address bar and paste in your quote

when in a range, the only 2 things that can happen after a break down is a fakey down and reverse to continue to next level up or a continuation down to next reasonable level down. The large bull on left cleared the path and next stops and liquidity were.....???? yep! Note ADR too

Patience is a virtue.. still holding short (0.66126)

EURGBP

Update... sound like a broken record.

hi pamc,
nice chart love to read others opinions and analyzes

I did see strength in CAD especially against USD like I wrote in this post "USDCAD I would like to see pullback to 1.31426 - 1.31283"
look where we are now 1.31283

I didn't see that weakness in AUD it look that MM become to "playful" and lost control and dump price to low.
we are still in "buy" mode and we are going to stay in as long as we are above range 0.89723 - 0.89556

closing above 0.89946 should confirm that - waiting for PMI news to see how they will handle that

what make me mad is that event freeze me and I didn't enter
buy GBPUSD @ 1.30896 I wrote in this post and other listed below that I wrote
buy GBPJPY @ 143.315
sell NZDUSD @ 0.66029
buy USDCAD @ 1.31283

hi Kruspe,

EURGBP update
GBP getting stronger maybe during Asian cession price can arrive to 0.84069

GBP/USD 4 hour chart update.

Please locate the red arrow pointing at the green candle.

This green 4 hour candle is the fuel to push the pair down.

A lot of buyers are trapped in that green candle.

Can you tell how many traders are trapped in that green candle by volume ? Answer is, no because all forex brokers lie about there volume.

I have 4 accounts none of which show the same volume, not even close.

When your looking at the chart it appears to be moving up, right ? Nope, switch over to the daily chart.

What do you see ? Lower highs and lower lows.

The " MM " is stair stepping down to the basement.

The " MM " can't make a profit unless he's trapping.

This pair has at least 1,000 pips to drop before it reverses.

When you look at the chart always look to the left to see where it's been and that will tell where its going.

Good night everyone.

EUR USD

retest jail #1

scalping its way to Jail #2