The Jail Break System | Page 272 | 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

  • #5,421
  • Jan 30, 2020 1:56am Jan 30, 2020 1:56am
Quoting billytt
my main trade so far usd/chf I have closed with 5%. I do have a secondary trade running with a small lot. t 07-43
Billy,in how many pips on this particular pair?
Whether you think you can, or you think you can't,you're right. H.F.
  • #5,422
  • Jan 30, 2020 2:04am Jan 30, 2020 2:04am
Quoting Celal
Hi Pat Chiko, I hope you are well, I'm loking to your chart; Why the box I'm pointing at, isn't a level,please explain me. I change the bar to line but I confuse. There is probably something I don't know. May be because of this level is too close to R. Thanks. {image}
USD JPY


Hi Celal


Thanks you for helping Newbie like me.

I have revised the chart marking

Here's my new chart.

I may have to close this trade soon, as it's in the process of making reversal pattern @ "R" Jail
Attached Image (click to enlarge)
Click to Enlarge Name: uj 104.jpg Size: 299 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,423
  • Jan 30, 2020 2:08am Jan 30, 2020 2:08am
Quoting Simply-Me
{quote} Billy,in how many pips on this particular pair?
Hi Simply, I take 5 points/pips per main trade...
I point/pip is 1%
trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,424
  • Jan 30, 2020 2:16am Jan 30, 2020 2:16am
Hi Pat Chiko,
Your welcome, I'm trying to learn from you, you are joking..
  • #5,425
  • Jan 30, 2020 2:19am Jan 30, 2020 2:19am
Quoting billytt
{quote} Hi Simply, I take 5 points/pips per main trade... I point/pip is 1% trade well.
So if my math is right,for 1000,- equity you need 10,- per pip
Whether you think you can, or you think you can't,you're right. H.F.
  • #5,426
  • Jan 30, 2020 2:29am Jan 30, 2020 2:29am
Quoting Pat Chiko
AUD NZD Waiting for reversal set up {image} {image}

AUD NZD


Three days adventure.

Waiting for price to make its move.

May as well close it, and use the money to fund other trades ( pairs that moves at Jail #1 and Jail #2)

Will scan all other pairs to find pair that in Jail #2 and Jail #3
Attached Image (click to enlarge)
Click to Enlarge Name: an 106.jpg Size: 321 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,427
  • Jan 30, 2020 2:36am Jan 30, 2020 2:36am
Quoting billytt
morning all from a damp cottage in the forest. UK south coast. 00-00 4 hour break. Dax, big range so we are leaving it. Cable, short. ftse, leaving it. usd/chf short .<<<<<<<< a main trade . gbp/chf short Trade well all. t 06-43 uk time.
Good morning Billy.

Nice trade again

May I please ask you couple of questions?

What does your statistic exactly tell you? Avg. 4H size, % from ADR, avg. breakout length, how many time price break Hi/Lo of 4H candle... this is information that you need, or something more sophisticated?

And why the first 4H of the day? What do you do when you oped SHORT, and after 2-3 pips price retraces back to the 4H range and breaks the other side of the candle?

Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_CHF_5 Mins_snapshot.png Size: 28 KB
  • #5,428
  • Jan 30, 2020 2:37am Jan 30, 2020 2:37am
Quoting Simply-Me
{quote} So if my math is right,for 1000,- equity you need 10,- per pip
yes.
I say this in a nice/positive way.
Don't over think what I am doing.
Most of the way I trade ,is against everything the Forex World preach to us. (don't do this,dont do that)
I have my main trade account and a second account, which helps out the first account if need be.
I play with numbers and stats.
Main thing too is, I need a good method with a good strike rate.

this jail break method which I do not trade, is very similar to a normal breakout,
~JB has excellent stats to work off.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,429
  • Jan 30, 2020 2:38am Jan 30, 2020 2:38am
Quoting Pat Chiko
AUD CAD Scalping on "R" Jail Make it small risk trade for CoronaVirus {image}

AUD CAD

Not going anywhere.

Start to lose money.

"W" now becoming "M"

Attached Image (click to enlarge)
Click to Enlarge Name: acad 101.jpg Size: 253 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,430
  • Jan 30, 2020 2:42am Jan 30, 2020 2:42am
Quoting Kruspe
{quote} Good morning Billy. Nice trade again May I please ask you couple of questions? What does your statistic exactly tell you? Avg. 4H size, % from ADR, avg. breakout length, how many time price break Hi/Lo of 4H candle... this is information that you need, or something more sophisticated? And why the first 4H of the day? What do you do when you oped SHORT, and after 2-3 pips price retraces back to the 4H range and breaks the other side of the candle? Thank you! {image}
I will try and explain over a few posts, Hope this is ok with Mr Poker.
First. I traded the 08-00 15 minute bar. If this failed I traded the opposite end. still looking for 5% AND counter the negative trade.
When we have this 08-00 fail, we then looked at the 00-00 4 hour bar,The stats were ,If we had a break we would make a gain.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,431
  • Jan 30, 2020 2:45am Jan 30, 2020 2:45am
Quoting Kruspe
{quote} Good morning Billy. Nice trade again May I please ask you couple of questions? What does your statistic exactly tell you? Avg. 4H size, % from ADR, avg. breakout length, how many time price break Hi/Lo of 4H candle... this is information that you need, or something more sophisticated? And why the first 4H of the day? What do you do when you oped SHORT, and after 2-3 pips price retraces back to the 4H range and breaks the other side of the candle? Thank you! {image}
if I enter a trade and it retraces, it doesn't matter.
BUT we can make a retrace trade, not always but Can.

With the 00-00 4 hour bar. if one end breaks and then retraces to break other end, this will normally make the adr (Average daily Range) high or low, it is a brilliant stat to have.
and yes it can fail.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,432
  • Jan 30, 2020 2:45am Jan 30, 2020 2:45am
Quoting billytt
{quote} yes. I say this in a nice/positive way. Don't over think what I am doing. Most of the way I trade ,is against everything the Forex World preach to us. (don't do this,dont do that) I have my main trade account and a second account, which helps out the first account if need be. I play with numbers and stats. Main thing too is, I need a good method with a good strike rate. this jail break method which I do not trade, is very similar to a normal breakout, ~JB has excellent stats to work off.
Billy,I'm aware about this form of MM,it' something similar like in this https://www.forexfactory.com/showthread.php?t=414566 thread. I'm scalping myself and trying something similar. Usually 5% in 3-4 small trades.
What about S/L strategy on those trades?Do you use any or you hedging?

btw I assume you are spreadbetting. Do you use IG?
Whether you think you can, or you think you can't,you're right. H.F.
  • #5,433
  • Jan 30, 2020 2:46am Jan 30, 2020 2:46am
Morning All,

As Pat Chiko would say - 'I'm Newbie' to the jail break method, learning to identify the jails 1-2-3 jail setups on pairs. Below is my analysis on AUDUSD. I would appreciate your takes in confirming is the analysis is ok or how it can be improved.

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-01-30 at 08.42.23.png Size: 67 KB
  • #5,434
  • Jan 30, 2020 2:51am Jan 30, 2020 2:51am
Quoting Kruspe
{quote} Good morning Billy. Nice trade again May I please ask you couple of questions? What does your statistic exactly tell you? Avg. 4H size, % from ADR, avg. breakout length, how many time price break Hi/Lo of 4H candle... this is information that you need, or something more sophisticated? And why the first 4H of the day? What do you do when you oped SHORT, and after 2-3 pips price retraces back to the 4H range and breaks the other side of the candle? Thank you! {image}
look at Cable Daily Chart.
look at all the (what you call fakeys) on the candles, of the failed trades.
over a week they might be 6 pips,8-pips 6 pips 10 pips 7 pips.
What they have in common and this is an example.
They are all above 6 or more pips. I HUNT THE 5 PIPS or I used to do, these are Frequency Distribution Statistics not averages.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,435
  • Jan 30, 2020 2:52am Jan 30, 2020 2:52am
Quoting Simply-Me
{quote} Billy,I'm aware about this form of MM,it' something similar like in this https://www.forexfactory.com/showthread.php?t=414566 thread. I'm scalping myself and trying something similar. Usually 5% in 3-4 small trades. What about S/L strategy on those trades?Do you use any or you hedging? btw I assume you are spreadbetting. Do you use IG?
I counter. what is a stop? lol joking.
I never say who my brokers are, IG are the best though lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,436
  • Jan 30, 2020 2:55am Jan 30, 2020 2:55am
Quoting Simply-Me
{quote} Billy,I'm aware about this form of MM,it' something similar like in this https://www.forexfactory.com/showthread.php?t=414566 thread. I'm scalping myself and trying something similar. Usually 5% in 3-4 small trades. What about S/L strategy on those trades?Do you use any or you hedging? btw I assume you are spreadbetting. Do you use IG?
I compound as well, on certain trades,
I use some of the extra profit to off set a fai,
Some people say that is still losing, but as long as I have my % quota at end of week, it doesn't matter.
I trade week in week out like a robot. not just waiting for a week or two for an entry.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,437
  • Jan 30, 2020 3:07am Jan 30, 2020 3:07am
AUD pairs update!

I believe that all AUD pairs are waiting at the station for AUDUSD to finish a journey to the south - it's happening now and EURAUD is helping significantly!. Once it is all finished, all other pairs can start moving again. Let's check AUD charts and you will see where AUD is located.

Top

  1. GBPAUD
  2. EURAUD


Bottom

  1. AUDCAD
  2. AUDCFH
  3. AUDJPY
  4. AUDNZD

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_AUD_USD_Daily_snapshot.png Size: 33 KB
  • #5,438
  • Jan 30, 2020 4:00am Jan 30, 2020 4:00am
Quoting Pat Chiko
USD JPY I'm thinking to short this pair. Any comments and ideas are welcome for educational purposes. NOTE : This is not trade signal. Please don't use it to trade coz I'm Newbie Thank you {image}
Hi Pat:

my chart is in Sync with yours targeting 108ish area.

if this is correct, we should see lower JPY pairs and US Indexes

which means, more terrifying news coming up in the form of Coronavirus or something else? maybe New Month positioning

let market make its move
Time & Price Forecast - Jenkins
  • #5,439
  • Jan 30, 2020 4:01am Jan 30, 2020 4:01am
Quoting PokerChip
USD/CAD 4 hour chart update. Almost to the 3rd level. {image}
Time & Price Forecast - Jenkins
  • #5,440
  • Jan 30, 2020 4:03am Jan 30, 2020 4:03am
Quoting PokerChip
{quote} I only trade on what I see.
Golden Words!
Time & Price Forecast - Jenkins
2 traders viewing now