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The Jail Break System

  • #5,481
  • Jan 30, 2020 7:05am Jan 30, 2020 7:05am
Quoting scalpfx
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 {image}
Scalpfx,
Your levels look pretty good.

When you get some time, switch over to the line chart.

The line chart tells you everything.

I'm surprised the market maker hasn't had it outlawed.

I use the 5ema,13ema,50ema,200ema,800 ema.

Try using the daily chart for direction and levels.

Then drop down to the 4 hour or 1 hour chart for your entry.

I think this will help you.

Poker Chip
Patience, let the trade come to you.
  • #5,482
  • Jan 30, 2020 7:05am Jan 30, 2020 7:05am
Quoting PokerChip
{quote} Lol, well it's true. She just never would. Ha ha
my gf wouldn't wear anything similar, I would lol out with the boys.
But she does wear lots of oooo la laaa stuff.
Last post about this, we are traders.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,483
  • Jan 30, 2020 7:05am Jan 30, 2020 7:05am
Quoting prozor7
AUDUSD AUD is overstretched now day range ends with 0.67098 looking for potential long 0.67123 - 0.67062
watching with a eagle eye
Time & Price Forecast - Jenkins
  • #5,484
  • Jan 30, 2020 7:07am Jan 30, 2020 7:07am
Quoting Leacher
{quote} Intelligently Crafted Chart.....to see the Future! Thank you.
Thank you Leacher for your kind words.
Patience, let the trade come to you.
  • #5,485
  • Jan 30, 2020 7:08am Jan 30, 2020 7:08am
Who is seeing whats going on with EUR/AUD ?
  • #5,486
  • Jan 30, 2020 7:09am Jan 30, 2020 7:09am
Quoting Leacher
{quote} Trading from Home is Allergic unless there is a dedicated Room with Office fixtures which is your case 42 inch monitor....no wonder y u are so good at catching R with big Bulls/Bears I must try that as well, but needs to be portable for my use
I big monitor helps a lot.

I'm sure some day they'll have a fold up 42" monitor so you can take to the café.
Patience, let the trade come to you.
  • #5,487
  • Jan 30, 2020 7:09am Jan 30, 2020 7:09am
EURGBP
testing 0.84135 - 0.84069

breaking could lead to 0.83442 0.83063 valid for next two days
Forex can only be understood backwards, but it must be traded forwards.
  • #5,488
  • Jan 30, 2020 7:13am Jan 30, 2020 7:13am
Quoting Leacher
{quote} maybe this only happens in movies or with gfs not with wives....hehe.... you could try showing this thread to her since you have proven yourself to achieve your targets we will continue with panties and thongs for now and how they are reflected in charts EA Short Trap yesterday was certainly a Thong!
Lol, you are funny.

She doesn't need to see this thread, ha ha.

I'll just have to fantasize.

Thanks for your thoughts on this important matter.

Lol...………….
Patience, let the trade come to you.
  • #5,489
  • Jan 30, 2020 7:19am Jan 30, 2020 7:19am
GBPUSD
looking for 1.31119 - 1.31194 as potential short
breaking could lead to 1.31687 - 1.31789 - 1.31877 also valid for next two days
Forex can only be understood backwards, but it must be traded forwards.
  • #5,490
  • Jan 30, 2020 7:21am Jan 30, 2020 7:21am
Quoting Leacher
Trading as Business one of my Trading Buddy treats Trading as a Business strictly! here is how: much like Billy 1) scans Short Term Trades after complete Top Down Analysis. 2) Tests market with small multiple lots and Books profit on Trades as soon as 50-100 USD is hit (if moves are real slow books small multiple profits of 30-35 USD till reaches around 100 USD). In case of Loss, cuts them real quick on 30M chart incurring small losses of 30-35 USD. If Daily Loss reaches 200 USD -stops trading for the day. This way he manages his overheads plus...
Your trading buddy is correct.

The news isn't going to help you read a chart.

I only trade the chart.

Don't let the news influence your trading.

That's exactly what the market maker wants, is to confuse you.
Patience, let the trade come to you.
  • #5,491
  • Jan 30, 2020 7:21am Jan 30, 2020 7:21am
AUDCHF
pay attention to 0.65109 as major support
Forex can only be understood backwards, but it must be traded forwards.
  • #5,492
  • Jan 30, 2020 7:23am Jan 30, 2020 7:23am
Cable might be at a resistance right now.13100 area. <<<< did I just say that lol.
I have no trades on now.
hopefully everything can hang on until tomorrow so I get new lines to trade off.
cable hopefully down, dax hopefully up. usd/chf I don't care as it is the lambe to the slaughter.
t 13-23
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,493
  • Jan 30, 2020 7:24am Jan 30, 2020 7:24am
AUDCAD
watching 0.88676 - 0.88610 mentioned early

PS all targets post are VALID TO THE END OF THE WEEK
new calculations are coming @ beginning of the week
Forex can only be understood backwards, but it must be traded forwards.
  • #5,494
  • Jan 30, 2020 7:25am Jan 30, 2020 7:25am
Good morning everyone.

My target for USD/CAD is 1.32390

Then I wait for the reversal.
Patience, let the trade come to you.
  • #5,495
  • Jan 30, 2020 7:25am Jan 30, 2020 7:25am
Quoting PokerChip
{quote} Your trading buddy is correct. The news isn't going to help you read a chart. I only trade the chart. Don't let the news influence your trading. That's exactly what the market maker wants, is to confuse you.
fair enough, if you happen to be in a trade and you manage to get through it, it spread/slip broker adjustments.
Price normally returns,
in the past I have traded the retrace back as a fun trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,496
  • Jan 30, 2020 7:27am Jan 30, 2020 7:27am
Quoting billytt
Cable might be at a resistance right now.13100 area. <<<< did I just say that lol. I have no trades on now. hopefully everything can hang on until tomorrow so I get new lines to trade off. cable hopefully down, dax hopefully up. usd/chf I don't care as it is the lambe to the slaughter. t 13-23

Cable, that big news move up, I wasn't with it, I had everything all shut down, I don't need it.
under a different scenario I would of been with it. It happens.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,497
  • Jan 30, 2020 7:29am Jan 30, 2020 7:29am
Cable, we may have a head and shoulders starting on the hour .
nothing like this ever has any effect on me.lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,498
  • Jan 30, 2020 7:30am Jan 30, 2020 7:30am
EURCHF
looking @ 1.06915 - 1.06803
Forex can only be understood backwards, but it must be traded forwards.
  • #5,499
  • Jan 30, 2020 7:39am Jan 30, 2020 7:39am
EUR/AUD 4 hour chart.

If this pair can push back up to 1.64305 I would sell it.

Other wise I wouldn't do anything right now.

Wait for the setup.

If it doesn't come look for another pair.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudi-h4-tw-corp-eur-aud-4-hour-chart.png Size: 43 KB
Patience, let the trade come to you.
  • #5,500
  • Jan 30, 2020 7:41am Jan 30, 2020 7:41am
my above posts I will call "Sling Shot"
Forex can only be understood backwards, but it must be traded forwards.
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