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The Jail Break System

  • #8,261
  • Mar 13, 2020 5:11am Mar 13, 2020 5:11am
Quoting billytt
Cable. we have inside bars on the 4 hour... t 09-13
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hey Billy, you being a forest lover, check these picks out of my home in a town built in a forest
  • #8,262
  • Edited 6:43am Mar 13, 2020 5:46am | Edited 6:43am
Quoting TraderR0N
Pop in for awhile. Sold EURAUD, EURCAD and GBPAUD. Bought GBPUSD. As for USDCAD most probably will dip down at FOMC as mention... just wait.. Please trade at your own comfort risk. My risk and yours could be different.
EURCAD.

GBPUSD.

USDCAD.

Left with short EURGBP running still. It was a nice turn to south at around 0.89250. Target at 0.87100.

See you guys soon. I will be taking a break....


Enjoy your weekends.
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10% buy 10% sell 80% waiting
  • #8,263
  • Mar 13, 2020 6:29am Mar 13, 2020 6:29am
Quoting pamc
{quote} {image}{image}{image} hey Billy, you being a forest lover, check these picks out of my home in a town built in a forest
WOW, brilliant.
That is just like were i live except the paths are different. very nice.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,264
  • Mar 13, 2020 6:42am Mar 13, 2020 6:42am
Hello billytt

I admire your ability not to trade in certain conditions.

I know you have been sending screen shots everyday and I will have to use the weekend to go over them but I still have not grasped what is going on here?

Do you look at the start of the day - midnight to 4.00 am (GMT) 4 hour candle with the previous ADR figures and when price goes across the high or low line you go in that direction?
(You use 2 figures - the previous ADR say 250 and the new daily ADR figure say 12?)

It looks really simple..... on paper

Kind regards, N
  • #8,265
  • Mar 13, 2020 7:02am Mar 13, 2020 7:02am
Quoting TraderR0N
{quote} EURCAD. GBPUSD. USDCAD. Left with short EURGBP running still. It was a nice turn to south at around 0.89250. Target at 0.87100. See you guys soon. I will be taking a break.... Enjoy your weekends. {image} {image} {image} {image}
Hi traderRon,

can I ask why you don't combine all the same trade into a single entity entry?
Why use multiple lots at same entry point?
  • #8,266
  • Mar 13, 2020 7:11am Mar 13, 2020 7:11am
Quoting Northumbrian
Hello billytt I admire your ability not to trade in certain conditions. I know you have been sending screen shots everyday and I will have to use the weekend to go over them but I still have not grasped what is going on here? Do you look at the start of the day - midnight to 4.00 am (GMT) 4 hour candle with the previous ADR figures and when price goes across the high or low line you go in that direction? (You use 2 figures - the previous ADR say 250 and the new daily ADR figure say 12?) It looks really simple..... on paper Kind regards, N
Hi N,
i will post twice to simplify it.

Correct, midnight to 04-00 am candle. GMT, 4 hour candle.
i use the same day re calculated adr (of previous 5 days and Sunday not included) and i also have the 00-00 candle range.
I do not use 2 adr's .

Please remember, i originally used this candle to fix a failed trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,267
  • Mar 13, 2020 7:26am Mar 13, 2020 7:26am
Quoting Northumbrian
Hello billytt I admire your ability not to trade in certain con (GMT) sditions. I know you have been sending screen shots everyday and I will have to use the weekend to go over them but I still have not grasped what is going on here?
when price goes across the high or low line you go in that direction? (You use 2 figures - the previous ADR say 250 and the new daily ADR figure say 12?) It looks really simple..... on paper Kind regards, N
We have the Trigger candle, if the high breaks we long and vice versa..
This is a very old method but i have tweaked it.

We were originally looking for the Daily Range, but now i am trading it with small lots approx £5 a point.
We have the 00-00 range, and we see what percentage of the adr it is.
This gives us something to play with,
even if we have a loss we are still in the game.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,268
  • Mar 13, 2020 7:29am Mar 13, 2020 7:29am
Quoting Northumbrian
Hello billytt I admire your ability not to trade in certain conditions. I know you have been sending screen shots everyday and I will have to use the weekend to go over them but I still have not grasped what is going on here? Do you look at the start of the day - midnight to 4.00 am (GMT) 4 hour candle with the previous ADR figures and when price goes across the high or low line you go in that direction? (You use 2 figures - the previous ADR say 250 and the new daily ADR figure say 12?) It looks really simple..... on paper Kind regards, N

00-00 candle. just look back on charts and see how good this candle/area is.
Ok we get whip sometimes, which we do not want, but it can happen.

We have the 1st break, How far will it go?????????
but if it retraces to break other side, we have better odds and info as to where it will go.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,269
  • Edited 7:53am Mar 13, 2020 7:31am | Edited 7:53am
Hi billytt

Thank you for your explanation.

I'll go over the past postings over the weekend. Do you wait for the clock to chime 4.00 am to see where it is going or do you go off any time it crosses over 00 to 4 am or in fact any time between 00 to 00

(Just editing) Just read your second message. So you use the first 4 hour candle as the basis to trade for the rest of the day which could involve retracements back and forward.


Thanks again for your time.

Much appreciated

N
  • #8,270
  • Mar 13, 2020 7:34am Mar 13, 2020 7:34am
Quoting Northumbrian
Hello billytt I admire your ability not to trade in certain conditions. I know you have been sending screen shots everyday and I will have to use the weekend to go over them but I still have not grasped what is going on here? Do you look at the start of the day - midnight to 4.00 am (GMT) 4 hour candle with the previous ADR figures and when price goes across the high or low line you go in that direction? (You use 2 figures - the previous ADR say 250 and the new daily ADR figure say 12?) It looks really simple..... on paper Kind regards, N
today, and forget big range.
chart copied a couple of mins ago,
Attached Image

0 = 00-00 candle
B = break of high.
A = adr range 204 <<<<<< and that is big.
In theory , the second break should reach the bottom of A line,
i would of taken less, as this is a big adr.
t 12-34
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,271
  • Mar 13, 2020 7:35am Mar 13, 2020 7:35am
Quoting Northumbrian
Hi billytt Thank you for your explanation. I'll go over the past postings over the weekend. Do you wait for the clock to chime 4.00 am to see where it is going or do you go off any time it crosses over 00 to 4 am or in fact any time between 00 to 00 Thanks again for your time. Much appreciated N
The candle has to close, and the entry has to be the same price
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,272
  • Mar 13, 2020 7:37am Mar 13, 2020 7:37am
Quoting Northumbrian
Hello billytt I admire your ability not to trade in certain conditions. I know you have been sending screen shots everyday and I will have to use the weekend to go over them but I still have not grasped what is going on here? Do you look at the start of the day - midnight to 4.00 am (GMT) 4 hour candle with the previous ADR figures and when price goes across the high or low line you go in that direction? (You use 2 figures - the previous ADR say 250 and the new daily ADR figure say 12?) It looks really simple..... on paper Kind regards, N
ideally, i want Cable to reverse back up to show that it does give trouble...
Because it isnt all roses.cause trouble, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,273
  • Mar 13, 2020 8:43am Mar 13, 2020 8:43am
Quoting Binhpham
{quote} Hi PC, First of all, I appriciate your time to share the "Jail Break System". Please see if I trully understand it by analyze the USD/CHF pair below: (1) - The first step: a holizontal contract; (2) - The second step: The MM trick retail traiders; (3) - The 3nd step: The MM really leave the box; -> Should I entry right after the (3) red one price below 0.95435 or wait until it closed. Sorry for my bad English! Great thanks from Vietnam. {image}
Welcome to the thread Binhpham,
I would recommend that you extend the blue box over to the right where you see the long red candle.
This is telling you that the market maker now has enough buy traders trapped and he's ready to move lower.
Remember to use the daily chart for the correct direction and then use the 4 hour chart for you're entry.
Over all you're chart looks good.
Keep a high margin when you trade, this is insurance against a market maker.
You're English is good !

Poker Chip
Patience, let the trade come to you.
  • #8,274
  • Mar 13, 2020 8:46am Mar 13, 2020 8:46am
Hi PC, hope you are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,275
  • Mar 13, 2020 8:52am Mar 13, 2020 8:52am
Good morning everyone from the sunny Midwest and it's 39 degrees.
Patience, let the trade come to you.
  • #8,276
  • Mar 13, 2020 8:53am Mar 13, 2020 8:53am
Quoting billytt
Hi PC, hope you are well.
Good morning Billy, I hope you are well you're self.
Patience, let the trade come to you.
  • #8,277
  • Mar 13, 2020 8:56am Mar 13, 2020 8:56am
Quoting TraderR0N
{quote} EURCAD. GBPUSD. USDCAD. Left with short EURGBP running still. It was a nice turn to south at around 0.89250. Target at 0.87100. See you guys soon. I will be taking a break.... Enjoy your weekends. {image} {image} {image} {image}
Hi Ron, took that EURGBP down off the ADR high and TP set at the ADR low, around 80pips. went out with the missus. Came back to find TP hit and about to hit the ADR high again with a DT. re-entered and look at it roll
  • #8,278
  • Mar 13, 2020 8:56am Mar 13, 2020 8:56am
GBP/USD daily chart update.

The pair is almost to the reversal box.

Then I'll become a buyer.

Sellers beware, this pair could reverse at any moment.
Attached Image (click to enlarge)
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Patience, let the trade come to you.
  • #8,279
  • Mar 13, 2020 9:03am Mar 13, 2020 9:03am
Quoting PokerChip
GBP/USD daily chart update. The pair is almost to the reversal box. Then I'll become a buyer. Sellers beware, this pair could reverse at any moment. {image}
Hi PC, i agree there, but see there are large SLs at the 1.24450 and 1.23550. after reversal its heading to a massive SL cluster at 1.27700ish
  • #8,280
  • Mar 13, 2020 9:09am Mar 13, 2020 9:09am
Quoting PokerChip
Good morning everyone from the sunny Midwest and it's 39 degrees.
39C or F? Big difference!!!
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