The Jail Break System | Page 324 | Forex Factory

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The Jail Break System

  • #6,461
  • Feb 18, 2020 9:04pm Feb 18, 2020 9:04pm
Cable, with this low 00-00 range, i am looking for 8 points to start.

i am expecting cable to explode, but i do not know when.
i will be ready.. just stick to my lines. lol
t 05-04
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,462
  • Feb 18, 2020 9:16pm Feb 18, 2020 9:16pm
Hi billy, how are you? It’s the 11th hour over here. I think the average daily range is helpful. Some guy, who is a very good trader, usually follows the Frankfurt open and subtracts the opening hourly candle from the ADR to determine how much of a move is expected when the London session opens. Do you do something like that too? Trade well.
  • #6,463
  • Feb 18, 2020 9:37pm Feb 18, 2020 9:37pm
Quoting Roblee
Hi billy, how are you? It’s the 11th hour over here. I think the average daily range is helpful. Some guy, who is a very good trader, usually follows the Frankfurt open and subtracts the opening hourly candle from the ADR to determine how much of a move is expected when the London session opens. Do you do something like that too? Trade well.
Hi Rob, in my humble opinion, the Average Daily Range (adr) is one of the best trading aids you can have.

Usually averages are rubbish, but the adr is excellent.<<<<< and yes it can have its moments.
Meaning, it doesn't just move upto/downto the daily range area , ( i wish it did)lol. but we have triggers to help us decide.

but The Daily Pivot Point is also a good average aid, but i do not use this.

and the guy you spoke of, that is a good way, as long as we have a decent daily range, we can exploit it.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,464
  • Feb 18, 2020 9:38pm Feb 18, 2020 9:38pm
Quoting Roblee
Hi billy, how are you? It’s the 11th hour over here. I think the average daily range is helpful. Some guy, who is a very good trader, usually follows the Frankfurt open and subtracts the opening hourly candle from the ADR to determine how much of a move is expected when the London session opens. Do you do something like that too? Trade well.
and another, and no disrespect to anyone.
For instance, once we have a break of the Jailbreak, it is daily range which takes us to where ever it goes.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,465
  • Feb 18, 2020 9:59pm Feb 18, 2020 9:59pm
Cable, 00-00 4 hour bar.
it is a small range of 8.
we will have a trigger, and when that happens i will manually adjust the 8 range to 15, i need something to play with, lol.
t 05-59
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,466
  • Feb 18, 2020 10:50pm Feb 18, 2020 10:50pm
zzzzzzzzzzz Cable, 00-00 Low broke and i was short, it retraced up so i closed for +1.
i then went short again and still am. looking for 8 points.
t 06-50
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,467
  • Feb 18, 2020 11:01pm Feb 18, 2020 11:01pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #6,468
  • Feb 18, 2020 11:09pm Feb 18, 2020 11:09pm
GBPCAD
CAD is overstretched (buy) pullback expected
pay attention to 1.71866 - 1.71646
Forex can only be understood backwards, but it must be traded forwards.
  • #6,469
  • Feb 18, 2020 11:19pm Feb 18, 2020 11:19pm
CADJPY
potential short @ 83.166 - 83.255 - 83.484
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #6,470
  • Feb 18, 2020 11:24pm Feb 18, 2020 11:24pm
Quoting prozor7
good morning to all

Morning P, hoping all is well.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,471
  • Feb 18, 2020 11:41pm Feb 18, 2020 11:41pm
Quoting billytt
{quote} Morning P, hoping all is well. Trade well.
morning b
sunny weather Spring in the air and sell CADJPY
Forex can only be understood backwards, but it must be traded forwards.
  • #6,472
  • Feb 19, 2020 12:22am Feb 19, 2020 12:22am
Quoting Roblee
Hi All, I am new and from the cold Midwest also. Had freezing rain and a couple of inches of snow last night. But, now it is sunny and beautiful out there. Anyway, I came across this thread in Sept 2019 and have been following it since then. You have a good group of people in here. I believe in mm manipulation and I think the stop clean outs are still going on towards the 1.40550 level on the Eurcad chart. I could be wrong but just my observation.
hi Roblee and welcome,
EURCAD it does look that it is going to 1.40198 and on his way down there are couple of nice support lines:
on W1 1.42617 1.41622
on D1 1.42321 1.40940 1.40513
where I will try with some long
Forex can only be understood backwards, but it must be traded forwards.
  • #6,473
  • Feb 19, 2020 12:37am Feb 19, 2020 12:37am
Cable,,, adjustment to adr area. charts adjusted approx 08-30 uk time.

we put the black line adr range of 71 to the lowest low and the adr high is now 13050 area.
Attached Image


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and we put the black line adr range of 71 to the highest high. the adr low is now 12950 area.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,474
  • Feb 19, 2020 12:40am Feb 19, 2020 12:40am
Cable. 00-00 4 hour bar break.
the Low break actually failed , but i then went long off an adjusted range, and got +8 plus a counter running.
now recouping the minus 15, i have already bagged a few points.
t 08-40
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,475
  • Feb 19, 2020 12:59am Feb 19, 2020 12:59am
Cable, i am short again, chasing some of the daily range.

08-00 15 minute bar break. High broke, i went long and got +5%. my main trade. yaaaaay
t 08-59
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,476
  • Feb 19, 2020 1:01am Feb 19, 2020 1:01am
CADJPY
JPY is overstretched (sell) pullback expected
pay attention to 83.255 - 83.484
Forex can only be understood backwards, but it must be traded forwards.
  • #6,477
  • Feb 19, 2020 1:09am Feb 19, 2020 1:09am
Great job Billy! 5% is pretty good. In case, anyone wonder what the heck am I doing up at this hour (3 am), I am on my break at work. I am employed on a rotating shift for a big Dow Jones corporation. Can’t wait until I retire this year so I can focus more on trading and golf (I love to compete in tournaments). Well, have a good one folks and trade well.
  • #6,478
  • Feb 19, 2020 1:14am Feb 19, 2020 1:14am
USDJPY
potential short @ 110.302
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,479
  • Feb 19, 2020 1:19am Feb 19, 2020 1:19am
Quoting Roblee
Great job Billy! 5% is pretty good. In case, anyone wonder what the heck am I doing up at this hour (3 am), I am on my break at work. I am employed on a rotating shift for a big Dow Jones corporation. Can’t wait until I retire this year so I can focus more on trading and golf (I love to compete in tournaments). Well, have a good one folks and trade well.
COMPETING is the word, i've done it all my life.
AND i respect anyone who is better. Hate Cheats.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,480
  • Feb 19, 2020 1:21am Feb 19, 2020 1:21am
Quoting Roblee
Great job Billy! 5% is pretty good. In case, anyone wonder what the heck am I doing up at this hour (3 am), I am on my break at work. I am employed on a rotating shift for a big Dow Jones corporation. Can’t wait until I retire this year so I can focus more on trading and golf (I love to compete in tournaments). Well, have a good one folks and trade well.
i trade off 2 bank rolls,
smaller bank i make 5%, and if i have trouble i borrow off the big bank, lol.

Just like in life.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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