The Jail Break System | Page 290 | Forex Factory

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The Jail Break System

  • #5,781
  • Feb 3, 2020 9:20pm Feb 3, 2020 9:20pm
Quoting richy247
Hello PC... How you doing and thanks for the updates on the charts ...@billytt Im trying to understand your strategy but i dont seem to get it ...do you make stationary the yard-stick(High-low) and play around that field ?...Could you explain further please?...Thanks ...
gbp/chf same again. my adr is 99. put black line T at bottom of trigger candle T, this is were my adr area is.
Attached Image

and if it retraces, put black line T at top of candle.
Attached Image


you can do this with jail break, off the range???
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,782
  • Feb 3, 2020 11:49pm Feb 3, 2020 11:49pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #5,783
  • Feb 4, 2020 12:01am Feb 4, 2020 12:01am
Quoting prozor7
good morning to all
Morning P, hope you are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,784
  • Feb 4, 2020 12:12am Feb 4, 2020 12:12am
Quoting billytt
{quote} Morning P, hope you are well.
it is popular to have or be "more" in world today, so I'm more than well

week start great
Forex can only be understood backwards, but it must be traded forwards.
  • #5,785
  • Feb 4, 2020 12:16am Feb 4, 2020 12:16am
EURJPY
if price could stay above 120.433 - 120.330 I would like to see 121.990 - 122.546
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,786
  • Feb 4, 2020 12:21am Feb 4, 2020 12:21am
Quoting prozor7
{quote} it is popular to have or be "more" in world today, so I'm more than well week start great
That is good, all good here too.,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,787
  • Feb 4, 2020 12:29am Feb 4, 2020 12:29am
Quoting prozor7
EURAUD pay attention to 1.65316 resistance up 1.65724 - 1.65992 that should be difficult to penetrate 1.65992 as top box 1.65092 as bottom box {image}
Quoting prozor7
EURAUD update price arrived to 1.65092 pay attention for pullback to 1.65270 - 1.65448 {image}
EURAUD - update
I wold like to see 1.63785 - 1.63499 - 1.63230 - 1.62655
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,788
  • Feb 4, 2020 12:53am Feb 4, 2020 12:53am
Quoting PokerChip
Be careful trading today. The market makers like to use Monday to trap traders for the rest of the week.
I wonder how Billy's 0:00 - 4:00 hr bar method would work on the Monday bar? Then you could always have a long weekend lol.
The S/L could get interesting.
Good Trading
  • #5,789
  • Feb 4, 2020 1:06am Feb 4, 2020 1:06am
AUDCAD
I would like to see pullback to 0.89168 - 0.89097 - 0.88930
if hold long to 0.90773
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #5,790
  • Feb 4, 2020 1:29am Feb 4, 2020 1:29am
Quoting aud
{quote} I wonder how Billy's 0:00 - 4:00 hr bar method would work on the Monday bar? Then you could always have a long weekend lol. The S/L could get interesting.
with that break, you actually are moving with the market makers.

First break, can keep going, or if it retraces (people call it a fakey) you still make points. It depends on how you trade and if greedy or not.

and then, if first break retraces, it is normally good off the opposite end break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,791
  • Feb 4, 2020 1:47am Feb 4, 2020 1:47am
Quoting billytt
{quote} gbp/chf same again. my adr is 99. put black line T at bottom of trigger candle T, this is were my adr area is. {image} and if it retraces, put black line T at top of candle. {image} you can do this with jail break, off the range???
I'm using same logic as you (different calculation) and because of that I'm expecting 1.26226 as top for today
here is H1 chart
in this case bottom 50% @ 1.25330 daily than top should be 1.26217 or on H4 1.26226

Edit:
price pass 80 @ this moment, my daily range is 88 for today
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,792
  • Feb 4, 2020 1:48am Feb 4, 2020 1:48am
Hi Poker Chip,
I hope you are fine. If trend is up. At H4 chart if you want to buy from below the box which one do you prefer; write pending order or see the turn in H1 time frame or what else?
  • #5,793
  • Feb 4, 2020 1:54am Feb 4, 2020 1:54am
Quoting prozor7
{quote} I'm using same logic as you (different calculation) and because of that I'm expecting 1.26226 as top for today here is H1 chart in this case bottom 50% @ 1.25330 daily than top should be 1.26217 or on H4 1.26226 Edit: price pass 80 @ this moment, my daily range is 88 for today {image}
we are very close..... I was trading this earlier, small lot. short then long.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,794
  • Feb 4, 2020 1:56am Feb 4, 2020 1:56am
Quoting prozor7
{quote} I'm using same logic as you (different calculation) and because of that I'm expecting 1.26226 as top for today here is H1 chart in this case bottom 50% @ 1.25330 daily than top should be 1.26217 or on H4 1.26226 Edit: price pass 80 @ this moment, my daily range is 88 for today {image}
my high is 12631 but it doesn't matter, look at range and percentage of travel.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,795
  • Feb 4, 2020 2:16am Feb 4, 2020 2:16am
Quoting billytt
{quote} my high is 12631 but it doesn't matter, look at range and percentage of travel.
agree
price pass 86 pips and in area between 1.26112 (38%) and 1.26217 (50%) is resistance
on H1 support is area between 1.25983 - 1.25774 (H1 box)
on H4 support @ 1.25893
D1 support @ 1.25857
Forex can only be understood backwards, but it must be traded forwards.
  • #5,796
  • Feb 4, 2020 2:25am Feb 4, 2020 2:25am
Quoting prozor7
{quote} if price find support @ 1.32852 - 1.32731 I will look for 1.33235 - 1.33310 & 1.33621 - 1.33777 for short positioning
USDCAD - update
I would like to see above scenario
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,797
  • Edited 2:47am Feb 4, 2020 2:29am | Edited 2:47am
Quoting prozor7
EURJPY if price could stay above 120.433 - 120.330 I would like to see 121.990 - 122.546 {image}
EURJPY - update
price close gap from 01.24.2020 let see if above scenario is valid
Forex can only be understood backwards, but it must be traded forwards.
  • #5,798
  • Edited 8:13am Feb 4, 2020 2:35am | Edited 8:13am
Quoting prozor7
CADJPY weaker CAD could move price to 81.605 {image}
CADJPY - update
if 81.994 hold on this pullback I would like to see closing the gap from 01.24.2020 and up to 83.255
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #5,799
  • Feb 4, 2020 2:54am Feb 4, 2020 2:54am
NZD
major news are coming for NZD tonight
pay attention to support / resistance lines for this symbol
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.png Size: 291 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,800
  • Feb 4, 2020 3:09am Feb 4, 2020 3:09am
EURAUD
pay attention to 1.65092 - 1.65316 as resistance lines daily range ends with 1.65232
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
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