The Jail Break System | Page 408 | Forex Factory

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The Jail Break System

  • #8,141
  • Mar 12, 2020 4:54am Mar 12, 2020 4:54am
AUD
positions buy AUDCAD, AUDJPY, AUDUSD, AUDNZD
Forex can only be understood backwards, but it must be traded forwards.
  • #8,142
  • Mar 12, 2020 5:11am Mar 12, 2020 5:11am
Quoting BeyondTheSea
{quote} I managed to get my 3 in for the day. Closed at 1.2750 when it started puttering about. My add ons save me chasing the full range. I see it is moving again but I'm done. It's sunny outside... Current level of 1.2720 fairly signifcant possibly. Could bounce or drop...
You smart guy!!!! that is what you do. nice one.... take what you have instead of relying what might happen.
I do that yaaaaaaaaaaaaaaaaaaaaay.
Trade well. we have hail right now in the trees.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,143
  • Mar 12, 2020 5:17am Mar 12, 2020 5:17am
Quoting prozor7
{quote} EURJPY - update TP reached looking to build long positions here 117.516 - 115.478 {image} Edit: long 116.391 - 116.144 - 115.478 TP 118.392
EURJPY
give nice ride up than back to starting position
potential long 116.391 - 116.144
Forex can only be understood backwards, but it must be traded forwards.
  • #8,144
  • Mar 12, 2020 5:29am Mar 12, 2020 5:29am
Cable. adr of 154 met. it doesnt matter if it does or not. we are out because we are not greedy.

Attached Image

0 = 00-00 4 hour range. a = adr area.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,145
  • Mar 12, 2020 6:02am Mar 12, 2020 6:02am
Quoting billytt
{quote} You have nailed it, i will increase my lot size, i will counter. I trade stats, percentages, odds etc. if my stats are for example,, 20 , i take 10, if my lot size is 10 per pip, i trade at 5 per pip, Cable,,,, forget brexit/virus on a very rare occasion we may get a very short range 40ish <<< rare. another normal bad range is 70 less rare, but 90 + is the norm. We play the daily range or part of it, because we know it will happen. First break i look for half of the 00-00 range then close. OR, get to 5-% of 00-00 range then add on/compound....
does the range of the bar also play part in your lot size. Eg the range was 30 on 4 hour bar. Your trading the fail. Would you double your lot size or even triple your lot size?

ideally it doesn’t matter too much on your target you could always stick to set target because your always going to eventually reach it. I mean aiming for 20 and with range of 40. Your only roughly half your ADR. Not everyday will you reach the ADR even no tomorrow could be different story and your bank your profit.

Hailstones heading your way Bill
  • #8,146
  • Mar 12, 2020 6:05am Mar 12, 2020 6:05am
Quoting Sorel
Hi PokerChip, I have stumbled on your thread a few days ago and I must say that I find your charts and your insight extremely interesting. I have been practicing while reading your posts and I would like to post a few charts to see if my levels are correct or if I’ve made a mistake somewhere. I trade mainly off the H4 chart. I would really appreciate your feedback, or feedback from any of the traders on this thread. Best regards, Sorel {image} {image} {image}
Good morning Sorel and welcome to the thread,
I think you're GBP/USD looks good to me. I also think you're USD/JPY chart looks good. I don't follow the other pair.

Poker Chip
Patience, let the trade come to you.
  • #8,147
  • Mar 12, 2020 6:14am Mar 12, 2020 6:14am
GBP/USD daily chart update.

The pair has entered the 3rd level now.

I'm looking for a retracement to the upside.

Then back down after the market maker has buy traders trapped.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-d1-tw-corp-gbp-usd.png Size: 47 KB
Patience, let the trade come to you.
  • #8,148
  • Mar 12, 2020 6:17am Mar 12, 2020 6:17am
Quoting RieseP
{quote} does the range of the bar also play part in your lot size. Eg the range was 30 on 4 hour bar. Your trading the fail. Would you double your lot size or even triple your lot size? ideally it doesn’t matter too much on your target you could always stick to set target because your always going to eventually reach it. I mean aiming for 20 and with range of 40. Your only roughly half your ADR. Not everyday will you reach the ADR even no tomorrow could be different story and your bank your profit. Hailstones heading your way Bill
correct, Smart post.
First,, WE CAN FAIL DOING THIS.........
today 00-00 range is 34....... and adr 154

range is 22% of the adr..
Lets say the range is 100,, the 00-00 range is now 34%

unless something incredible happens and the range is 40/50 etc we are onto a winner.
Yes i adjust my lot size and yes i counter.
If i counter and trade the following day i then have my stats to help.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,149
  • Mar 12, 2020 6:18am Mar 12, 2020 6:18am
Quoting PokerChip
{quote} Good morning Sorel and welcome to the thread, I think you're GBP/USD looks good to me. I also think you're USD/JPY chart looks good. I don't follow the other pair. Poker Chip
Hi Pc, hope all is well.

our cable downfall kept going , yaaaaaaaaaaaaaaaaaaaaaaaaay.

If it had gone up it would still of been yaaaaaaaaaaaaaaay.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,150
  • Mar 12, 2020 6:21am Mar 12, 2020 6:21am
GBP/USD future daily chart.

This is where I think the reversal will be.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-d1-tw-corp-gbp-usd-2.png Size: 47 KB
Patience, let the trade come to you.
  • #8,151
  • Mar 12, 2020 6:22am Mar 12, 2020 6:22am
Quoting billytt
{quote} Hi Pc, hope all is well. our cable downfall kept going , yaaaaaaaaaaaaaaaaaaaaaaaaay. If it had gone up it would still of been yaaaaaaaaaaaaaaay.
Lol, good morning sir Billy,

I hope it keeps dropping.

I'm stuck in USD/JPY but I think it will move back up.
Patience, let the trade come to you.
  • #8,152
  • Mar 12, 2020 6:23am Mar 12, 2020 6:23am
Good morning everyone.
Patience, let the trade come to you.
  • #8,153
  • Mar 12, 2020 6:25am Mar 12, 2020 6:25am
Quoting PokerChip
{quote} Lol, good morning sir Billy, I hope it keeps dropping. I'm stuck in USD/JPY but I think it will move back up.
sacre' bleu. it can drop tomorrow after 00-00 4 bar closes. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,154
  • Mar 12, 2020 6:27am Mar 12, 2020 6:27am
Quoting billytt
{quote} correct, Smart post. First,, WE CAN FAIL DOING THIS......... today 00-00 range is 34....... and adr 154 range is 22% of the adr.. Lets say the range is 100,, the 00-00 range is now 34% unless something incredible happens and the range is 40/50 etc we are onto a winner. Yes i adjust my lot size and yes i counter. If i counter and trade the following day i then have my stats to help.
if the range was 40+ would you walk away from it bill?
  • #8,155
  • Mar 12, 2020 6:29am Mar 12, 2020 6:29am
Quoting PokerChip
{quote} Good morning Sorel and welcome to the thread, I think you're GBP/USD looks good to me. I also think you're USD/JPY chart looks good. I don't follow the other pair. Poker Chip
Good Morning,

Thank you for your reply PokerChip.
Shorted AC yesterday at 0.8896 below level 1 and took profit at 0.8844 which is the 20 day ADR. Left a lot of pips on the table as it keeps dropping.
Almost identical setup on NC. Shorted below level 1 at 0.8588. Currently holding. TP at 0.85200.
  • #8,156
  • Mar 12, 2020 6:36am Mar 12, 2020 6:36am
Quoting RieseP
{quote} if the range was 40+ would you walk away from it bill?

i did a trade on a big range not long ago.

My answer is, i will probably leave it BUT slight chance i will trade.
We may be on an inside / outside bar for instance.

If i did leave it and one end fails/reverses i would trade the other end and chase the adr.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,157
  • Mar 12, 2020 6:56am Mar 12, 2020 6:56am
XAUUSD timber, waterfall
Forex can only be understood backwards, but it must be traded forwards.
  • #8,158
  • Mar 12, 2020 7:03am Mar 12, 2020 7:03am
Good day everyone.

Stocks market plunge 7% at the open making all JPY pairs
strong.. can’t last long and soon we will see all JPY cross pairs going up.. Having losses now for all my JPY pairs.. will add more longs... win some lose some.. this is the game..

Cheers.

BRB
10% buy 10% sell 80% waiting
  • #8,159
  • Mar 12, 2020 7:19am Mar 12, 2020 7:19am
Quoting Sorel
{quote} Good Morning, Thank you for your reply PokerChip. Shorted AC yesterday at 0.8896 below level 1 and took profit at 0.8844 which is the 20 day ADR. Left a lot of pips on the table as it keeps dropping. Almost identical setup on NC. Shorted below level 1 at 0.8588. Currently holding. TP at 0.85200.
That's excellent, you're a quick learner.

Keep up the great work.
Patience, let the trade come to you.
  • #8,160
  • Mar 12, 2020 7:20am Mar 12, 2020 7:20am
Quoting TraderR0N
Good day everyone. Stocks market plunge 7% at the open making all JPY pairs strong.. can’t last long and soon we will see all JPY cross pairs going up.. Having losses now for all my JPY pairs.. will add more longs... win some lose some.. this is the game.. Cheers. BRB
Good morning Trader Ron,

I'm stuck in USD/JPY, I bought at the top, ha.

Just have to wait now.
Patience, let the trade come to you.
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