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The Jail Break System

  • #5,961
  • Feb 5, 2020 11:24pm Feb 5, 2020 11:24pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #5,962
  • Feb 5, 2020 11:43pm Feb 5, 2020 11:43pm
slow Asian session didn't bring any movement nothing new to post waiting for London to open
Forex can only be understood backwards, but it must be traded forwards.
  • #5,963
  • Feb 5, 2020 11:52pm Feb 5, 2020 11:52pm
Quoting prozor7
good morning to all
Good Morning prozor7, and to every one
  • #5,964
  • Feb 6, 2020 12:15am Feb 6, 2020 12:15am
Quoting Pat Chiko
USD CAD JAIL BREAK SYSTEM. Waiting at "R" Jail. Final push to clear all stop losses + liquidity. Waiting for "M" reversal pattern. {image}

USD CAD


Daily TF - price is pushing for liquidity zone. Not much movement, but side way.


Attached Image (click to enlarge)
Click to Enlarge Name: ucad 101.jpg Size: 334 KB




M30 Price holding to TL. Yet to see any reversal formation at London Open.



Attached Image (click to enlarge)
Click to Enlarge Name: ucad 102.jpg Size: 268 KB



Maybe price want to move during NFP on Friday. If they get the upcoming news correctly you will not see much movement in the price. But if they get it completely wrong then you see those big corrections. Plus a lot of times price turns at solid price levels on news moves.

Attached Image (click to enlarge)
Click to Enlarge Name: news.jpg Size: 86 KB


Trade Safely

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,965
  • Feb 6, 2020 12:19am Feb 6, 2020 12:19am
Quoting Pipradar
{quote} Good Morning prozor7, and to every one
morning pip everything is well I hope
Forex can only be understood backwards, but it must be traded forwards.
  • #5,966
  • Feb 6, 2020 12:31am Feb 6, 2020 12:31am
JPY
weakness in JPY continue that could bring closing gap for AUD, CAD & NZD made in 01.24.2020.
not sure for NZD it has a lots of pips to pass but AUD & CAD possible by end of the week
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.png Size: 222 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,967
  • Feb 6, 2020 1:09am Feb 6, 2020 1:09am
Quoting prozor7
{quote} very nice and simple, like your view and legend on the charts. please explain how did you insert image than text below than image again.
.. the reply looks like this in edit modus :-)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB


Mucky
  • #5,968
  • Feb 6, 2020 1:12am Feb 6, 2020 1:12am
USDCAD Closed all short positions for now, PA is range bound at this time, Will have a look again after NFP on friday. Green to all.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15 THU6feb Closed all shorts Range bound PA.png Size: 93 KB
  • #5,969
  • Feb 6, 2020 1:16am Feb 6, 2020 1:16am
Quoting Mucky
{quote} .. the reply looks like this in edit modus :-) {image} Mucky
great explanation
Forex can only be understood backwards, but it must be traded forwards.
  • #5,970
  • Feb 6, 2020 1:20am Feb 6, 2020 1:20am
Quoting Pat Chiko
{quote} USD CAD Daily TF - price is pushing for liquidity zone. Not much movement, but side way. {image} M30 Price holding to TL. Yet to see any reversal formation at London Open. {image} Maybe price want to move during NFP on Friday. If they get the upcoming news correctly you will not see much movement in the price. But if they get it completely wrong then you see those big corrections. Plus a lot of times price turns at solid price levels on news moves. {image} Trade Safely
"If they get the upcoming news correctly you will not see much movement in the price. But if they get it completely wrong then you see those big corrections."

most of the time it doesn't matter what the new result is - MM needs the liquidy from "this news time" from all the news trader to drive price into their desired direction in particular at "Non-Farm Employment Change" because this event will be traded all over the world :-)
  • #5,971
  • Feb 6, 2020 2:09am Feb 6, 2020 2:09am
Quoting Pat Chiko
{quote} USD CAD Daily TF - price is pushing for liquidity zone. Not much movement, but side way. {image} M30 Price holding to TL. Yet to see any reversal formation at London Open. {image} Maybe price want to move during NFP on Friday. If they get the upcoming news correctly you will not see much movement in the price. But if they get it completely wrong then you see those big corrections. Plus a lot of times price turns at solid price levels on news moves. {image} Trade Safely

Hi Pat:

Very clean Charts.

D1 says J3 in the making (maybe till Friday-rangebound) as you mentioned
and then R should arrive NFP Friday late

For me, I would only trade wn D1 will clearly show R (lesson learnt with EA - took R on H4 without D1 confirmation)
Time & Price Forecast - Jenkins
  • #5,972
  • Feb 6, 2020 2:20am Feb 6, 2020 2:20am
Hi to all
all must be well

FLASH BACK

If I look back the previous Two weeks, the little that i learnt from PokerC about R-J-1-2-3 system, and presented my charts on this forum - i can confidently say that almost ALL of the FUTURE PROJECTED FORECASTS are proving over 90% CORRECT. Thanks to PockerC for showing us the bigger picture.

I took few bad losses specially in EA, due to not following my own Analysis and bad Money Management.

Request to other members: Plz post D1 Charts with R-J-1-2-3 system for pairs they are following

thank you
Time & Price Forecast - Jenkins
  • #5,973
  • Feb 6, 2020 2:59am Feb 6, 2020 2:59am
Hello PokerChip.

Just a quick update on GBPUSD.

You were spot on to go short on GBPUSD at the start of the week. I have taken 2 sets of profits (after 1 retracement) One TP target and one manually just now)

At the time I did not fully comprehend when you said there were sellers were trapped - looking to the left there were 3 big red candles so it looked like the opposite - buyers trapped.
There were 3 big green candles (all 1 hour TF) afterwards so I'm not sure if you meant these as trapping sellers?

I appreciate everyone's time and explanations on this thread.

Kind regards, N
  • #5,974
  • Feb 6, 2020 3:18am Feb 6, 2020 3:18am
Hi all, I have been busy, made a few trades and had to fix some but all is well.
Not much time to explain.
Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,975
  • Feb 6, 2020 3:48am Feb 6, 2020 3:48am
Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 80 KB


AU D1 - Jail 2 in the Making
(Hard to believe)

plz comment and give suggestions
Time & Price Forecast - Jenkins
  • #5,976
  • Feb 6, 2020 3:55am Feb 6, 2020 3:55am
GOLD

scalping trade.

H4 TF

break low TL going to Jail #1

Taking trade at PPZ above the jail box.

Pretty clear spot some bear trap on H4 TF,

Attached Image (click to enlarge)
Click to Enlarge Name: gold 100.jpg Size: 272 KB




H1 TF

induce more seller to place short trade at london closed yesterday.

Seller now trapped. SL taken out.

MM buying cheap at the bottom, with intention to sell it high @ PPZ.

All Stop Loss = Buy Stop, fuel price to go higher.


Attached Image (click to enlarge)
Click to Enlarge Name: gold 101.jpg Size: 297 KB



Now price ready to go lower ( Newbie wishful thinking...lol)

Safe trade & don't forget your stop loss.

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,977
  • Feb 6, 2020 4:09am Feb 6, 2020 4:09am
Quoting Pat Chiko
GOLD scalping trade. H4 TF break low TL going to Jail #1 Taking trade at PPZ above the jail box. Pretty clear spot some bear trap on H4 TF, {image} H1 TF induce more seller to place short trade at london closed yesterday. Seller now trapped. SL taken out. MM buying cheap at the bottom, with intention to sell it high @ PPZ. All Stop Loss = Buy Stop, fuel price to go higher. {image} Now price ready to go lower ( Newbie wishful thinking...lol) Safe trade & don't forget your stop loss.
hi Pat
great analysis, spot on trading

PS
wish to read more of yours "newbie" plans and analysis
Forex can only be understood backwards, but it must be traded forwards.
  • #5,978
  • Feb 6, 2020 4:20am Feb 6, 2020 4:20am
Quoting Leacher
{image} AU D1 - Jail 2 in the Making (Hard to believe) plz comment and give suggestions
AUDUSD
pay attention to 0.67601 breaking should lead to 0.68201 - 0.68367 day range end with 0.67796 where we could have pullback to 0.67685 - 0.67638

price is trapped in D1 box range (0.67601 - 0.66899)
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #5,979
  • Feb 6, 2020 4:30am Feb 6, 2020 4:30am
Quoting prozor7
{quote} AUDUSD pay attention to 0.67601 breaking should lead to 0.68201 - 0.68367 day range end with 0.67796 where we could have pullback to 0.67685 - 0.67638 price is trapped in D1 box range (0.67601 - 0.66899) {image} {image} {image}
thanks for your analysis. looks like it would go UP.

But Jail scenario suggests otherwise, which means a few more days of UP/Consolidation

and then DOWN continuation towards Jail-3
Time & Price Forecast - Jenkins
  • #5,980
  • Feb 6, 2020 4:33am Feb 6, 2020 4:33am
Quoting Pat Chiko
GOLD scalping trade. H4 TF break low TL going to Jail #1 Taking trade at PPZ above the jail box. Pretty clear spot some bear trap on H4 TF, {image} H1 TF induce more seller to place short trade at london closed yesterday. Seller now trapped. SL taken out. MM buying cheap at the bottom, with intention to sell it high @ PPZ. All Stop Loss = Buy Stop, fuel price to go higher. {image} Now price ready to go lower ( Newbie wishful thinking...lol) Safe trade & don't forget your stop loss.

Very Nice

Gold is working very well with D-J123

currently, J2 in the making

Gold is going lower!
Time & Price Forecast - Jenkins
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