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The Jail Break System

  • #5,661
  • Edited 6:28am Feb 1, 2020 6:10am | Edited 6:28am
Hi all and i have my laptop, gf has gone to shop.
i will show a better example in the future.
Hopefully on Monday maybe a live trade....
Attached Image

Monday 27 th Jan,
i start with a naked chart except one bar. which is the 00-00 4 hour range bar.
High = 13074...........Low = 13051...... so range is 23.
My adr for monday was a small 86.
and below, i add the adr High/Low area i would expect to reach from the 00-00 open price (this actually means nothing to me yet.
Attached Image

H= High area...... L= Low area........ x = the 00-00 bar.

Now i want the 00-00 bar to be break. hopefully looking for 20.
Attached Image

with the low break and the adjusted adr range area, we were looking at a potential gain of
The high broke and moved up to make 20, this is what i look for.
i adjusted the adr marker to show where high area could go (it didnt).
don't look too much into this example because we had a slight retrace, i would of made approx 10 in reality

with the first break, we do not know how far it will go?
we made 20 blah blah then it retraced to break low.
Attached Image

This was a bad day for adr, brexit etc.
But low broken and we got +10 , the adr low was made .
I adjusted the adr marker to show where the adr area low could be. it didnt happen due to short daily range but we nailed 30.

we did have a potential 30 to make off the low break...
i would of taken less.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,662
  • Feb 1, 2020 6:27am Feb 1, 2020 6:27am
I am enjoying this thread because this is basically the way I trade. I am a price action trader ---I just follow where the pa is going and never argue with the charts. Whats new for me in this thread are the levels------I am starting to see the pattern explained by PC. Great job----and thanks.
  • #5,663
  • Feb 1, 2020 11:58am Feb 1, 2020 11:58am
Quoting IRISH37
I am enjoying this thread because this is basically the way I trade. I am a price action trader ---I just follow where the pa is going and never argue with the charts. Whats new for me in this thread are the levels------I am starting to see the pattern explained by PC. Great job----and thanks.
I'm glad your in the thread and enjoy the thread.

Price action is where its at for me and hopefully everyone else here.

The levels are a big part of the jail break system.

Once you see the levels its hard not to see them.

There a lot of ways to trade the jail break system. I like to trade from box to box on the 4 hour chart only.

I also like to trade inside the box, if I am seller I will wait until the pair reaches to the top of the box and make my entry. This is a killer trade for me.

Same thing if I'm a buyer, I wait until the pair reaches the bottom of the box and I buy. All of this happens on the 4 hour chart only.

When I draw the box and don't include the wick of the candle, just the candle if I can help it. This is where you'll see the railroad tracks.

All I know is, this thread is a lot of fun. It sure doesn't seem like work, ha ha.
Patience, let the trade come to you.
  • #5,664
  • Feb 1, 2020 12:03pm Feb 1, 2020 12:03pm
Quoting billytt
Hi all and i have my laptop, gf has gone to shop. i will show a better example in the future. Hopefully on Monday maybe a live trade.... {image} Monday 27 th Jan, i start with a naked chart except one bar. which is the 00-00 4 hour range bar. High = 13074...........Low = 13051...... so range is 23. My adr for monday was a small 86. and below, i add the adr High/Low area i would expect to reach from the 00-00 open price (this actually means nothing to me yet. {image} H= High area...... L= Low area........ x = the 00-00 bar. Now i want the 00-00 bar...
I'm beginning to understand your method Billy.

It makes a lot of sense to me.

Thanks for posting.
Patience, let the trade come to you.
  • #5,665
  • Feb 1, 2020 12:19pm Feb 1, 2020 12:19pm
Quoting 7thTorch
Hi Maestro PC and jail breaker gang... Because of a health reasons I am not trading last two weeks but i am reading this wonderful thread... EUR/CHF daily there is as i see it up to 50 pips to go down horizontal support 1 at 1.0670 second support at 1.0630 ish... if reverses it is going to be a wild ride ... happy trading to all.... {image}
7thTorch,
Sorry your under the weather. Hopefully you'll start feeling better today.

Here's a chart I came up with. I think this pair will drop another 20-40 pips lower.

Then reverse and move back up.

Poker Chip
Attached Image (click to enlarge)
Click to Enlarge Name: eurchfi-d1-tw-corp-eur-chf-daily-chart.png Size: 45 KB
Patience, let the trade come to you.
  • #5,666
  • Feb 1, 2020 2:06pm Feb 1, 2020 2:06pm
USD/CAD 4 hour chart.

Hopefully this chart is true.

It might run up 20 pips on Sunday and then drop down on the 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadi-h4-tw-corp-usd-cad-4-hour-chart.png Size: 46 KB
Patience, let the trade come to you.
  • #5,667
  • Feb 1, 2020 2:39pm Feb 1, 2020 2:39pm
Quoting billytt
Hi all and i have my laptop, gf has gone to shop. i will show a better example in the future. Hopefully on Monday maybe a live trade.... {image} Monday 27 th Jan, i start with a naked chart except one bar. which is the 00-00 4 hour range bar. High = 13074...........Low = 13051...... so range is 23. My adr for monday was a small 86. and below, i add the adr High/Low area i would expect to reach from the 00-00 open price (this actually means nothing to me yet. {image} H= High area...... L= Low area........ x = the 00-00 bar. Now i want the 00-00 bar...
Hi Billy,

thanks for sharing your strategy with us. It does make sense. The power of simplicity. I made just a very rough statistic (frequency distribution) for USDCHF. About 85% of breakouts in 2019 were more than 5 pips. It's not bad, however, I believe that the key is your success is in money management and how you work with losing trades. Could you please elaborate more on that as well?

A live trade on Monday would be totally awesome

Thank you
  • #5,668
  • Feb 1, 2020 4:50pm Feb 1, 2020 4:50pm
Quoting PokerChip
USD/CAD 4 hour chart. Hopefully this chart is true. It might run up 20 pips on Sunday and then drop down on the 4 hour chart. {image}
That looks good PC!

Here is another way how to look at jails. We can easily see where is the biggest activity.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_CAD_Hourly_snapshot6.png Size: 46 KB
  • #5,669
  • Feb 1, 2020 5:08pm Feb 1, 2020 5:08pm
Quoting Kruspe
{quote} Hi Pat, According to the intraday cycle, I would expect one or two push up. However, nobody really knows how Brexit will affect GBP in the upcoming days and weeks {image}
Hey guys,

does anyone trade also intraday jails?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 2in1.png Size: 37 KB
  • #5,670
  • Feb 2, 2020 2:28am Feb 2, 2020 2:28am
Quoting Kruspe
{quote} Hi Billy, thanks for sharing your strategy with us. It does make sense. The power of simplicity. I made just a very rough statistic (frequency distribution) for USDCHF. About 85% of breakouts in 2019 were more than 5 pips. It's not bad, however, I believe that the key is your success is in money management and how you work with losing trades. Could you please elaborate more on that as well? A live trade on Monday would be totally awesome Thank you
Hopefully show the candle,high/low.. range and ADR. I will need my laptop but will have trouble because I do not want my colleague knowing what I am doing. Let's see..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,671
  • Feb 2, 2020 2:34am Feb 2, 2020 2:34am
Quoting Kruspe
{quote} Hey guys, does anyone trade also intraday jails? {image}
I think they need to be treated like any other consolidated areas.
Mark an area above/below range and go for it once it is triggered.
I like the idea of it travelling to the next level, Poker has made a great observation.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,672
  • Feb 2, 2020 4:13pm Feb 2, 2020 4:13pm
good evening to all
hope that was a great weekend and that you are rested well
as promised next 8 post will be monthly lines for all 28 symbols valid only for February
Forex can only be understood backwards, but it must be traded forwards.
  • #5,673
  • Feb 2, 2020 4:14pm Feb 2, 2020 4:14pm
AUD
Attached Image (click to enlarge)
Click to Enlarge Name: aud.png Size: 195 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,674
  • Feb 2, 2020 4:14pm Feb 2, 2020 4:14pm
CAD
Attached Image (click to enlarge)
Click to Enlarge Name: cad.png Size: 197 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,675
  • Feb 2, 2020 4:15pm Feb 2, 2020 4:15pm
CHF
Attached Image (click to enlarge)
Click to Enlarge Name: chf.png Size: 180 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,676
  • Feb 2, 2020 4:15pm Feb 2, 2020 4:15pm
EUR
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 207 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,677
  • Feb 2, 2020 4:16pm Feb 2, 2020 4:16pm
GBP
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.png Size: 188 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,678
  • Feb 2, 2020 4:16pm Feb 2, 2020 4:16pm
JPY
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Click to Enlarge Name: jpy.png Size: 186 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,679
  • Feb 2, 2020 4:17pm Feb 2, 2020 4:17pm
NZD
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.png Size: 196 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,680
  • Feb 2, 2020 4:18pm Feb 2, 2020 4:18pm
USD
Attached Image (click to enlarge)
Click to Enlarge Name: usd.png Size: 202 KB
Forex can only be understood backwards, but it must be traded forwards.
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