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The Jail Break System

  • #8,281
  • Mar 13, 2020 9:09am Mar 13, 2020 9:09am
Quoting pamc
{quote} 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
Yep, I think it's really close to reverse.

I'm just waiting now to become a buyer.
Patience, let the trade come to you.
  • #8,282
  • Mar 13, 2020 9:19am Mar 13, 2020 9:19am
Right now GBP/USD is down 1,000 pips since it reversed.
Patience, let the trade come to you.
  • #8,283
  • Mar 13, 2020 9:22am Mar 13, 2020 9:22am
Quoting pamc
{quote} 39C or F? Big difference!!!
39 F
Patience, let the trade come to you.
  • #8,284
  • Mar 13, 2020 10:07am Mar 13, 2020 10:07am
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
Cable, i am off in a minute.
chart below already shown
Attached Image


then it dropped down to within 25 of my adr line A
Attached Image


It isnt a contest, but hope you can see how i look for daily range with the second break of 00-00.
today is a big range. it still might fill? it doesnt matter
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,285
  • Mar 13, 2020 11:14am Mar 13, 2020 11:14am
GBP/USD daily chart update.

The pair has entered the reversal jail box.

It should find a bottom soon then start moving back up.

Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-d1-tw-corp-g-u.png Size: 48 KB
Patience, let the trade come to you.
  • #8,286
  • Mar 13, 2020 11:24am Mar 13, 2020 11:24am
GBP/USD 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 41 KB
Patience, let the trade come to you.
  • #8,287
  • Mar 13, 2020 11:44am Mar 13, 2020 11:44am
[quote=Northumbrian;12810599]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 yo

Hi N,
Below, chart earlier
Attached Image


then it did fill the adr, below
Attached Image


Forget the massive range, i am not trying to glorify anything. you can even look back over the past weeeks charts. (00-00 area).
My point is.
We had a break (High) and then retrace to break other end ( Low).
We now have a good chance of making the daiy range ,OR PART OF IT.
We can now either hunt points OR ADD ON/COMPOUND..
Hunting the adr is where we can make a lot of money.

Today is an exception, but if we have a 100/150 adr we are still laughing.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,288
  • Mar 13, 2020 11:45am Mar 13, 2020 11:45am
hi all.
everyone have a good weekend and obviously take care, wash your hands blah blah.
See you next week and we will do it all again.
Hopefully i might get to pop in here, but have my gf and a band to sort. yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,289
  • Mar 13, 2020 11:51am Mar 13, 2020 11:51am
Hello traders,

Both my trades for Long USDJPY got hit targets at 107.700 and 107.900.

Bonus trade.

Happy weekends everyone.

Green pips and happy hunting.
Attached Image (click to enlarge)
Click to Enlarge Name: BF7B61CD-6CE8-4F94-9ABB-65C16BBBA563.png Size: 998 KB
10% buy 10% sell 80% waiting
  • #8,290
  • Mar 13, 2020 11:57am Mar 13, 2020 11:57am
Quoting PokerChip
This is a forex system " The Jail Break System " that I started working on in June of 2010 after losing exactly $330,000 dollars from multiple forex accounts that begin in 2008. I reloaded my 3 accounts several times until my wife told me if I reload my accounts again she would leave me. Right then I started looking for a better way to trade forex. In 2008 I thought I knew enough to make a profit daily in forex. Little did I know I knew nothing about how to trade foreign currency. I burned through $330,000 in 17 months. I've been back trading full...
Do you also analysis with volume
The success of a successful man is behind the success of a successful frien
  • #8,291
  • Mar 13, 2020 11:59am Mar 13, 2020 11:59am
Quoting TraderR0N
Hello traders, Both my trades for Long USDJPY got hit targets at 107.700 and 107.900. Bonus trade. Happy weekends everyone. Green pips and happy hunting. {image}
What's your strategy
The success of a successful man is behind the success of a successful frien
  • #8,292
  • Mar 13, 2020 12:02pm Mar 13, 2020 12:02pm
Happy Friday all, not long now until we can all step away from the monitors! Fortunate today to catch the USD/JPY breakout of the "Prison" (still going with a TS). Bonus caught the GBP/USD breakout too I owe it to you guys on here...especially Master Pokerchip Thanks and G pips to all, see you the other side of the weekend.
  • #8,293
  • Mar 13, 2020 12:09pm Mar 13, 2020 12:09pm
Quoting Slinge
{quote} Do you also analysis with volume
Welcome to the thread Slinge,

I don't use volume.
Patience, let the trade come to you.
  • #8,294
  • Mar 13, 2020 12:11pm Mar 13, 2020 12:11pm
Quoting TraderR0N
Hello traders, Both my trades for Long USDJPY got hit targets at 107.700 and 107.900. Bonus trade. Happy weekends everyone. Green pips and happy hunting. {image}
Good afternoon Trader Ron,

USD/JPY is flying high today, geez ha ha.
Patience, let the trade come to you.
  • #8,295
  • Mar 13, 2020 12:13pm Mar 13, 2020 12:13pm
USD/JPY 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyi-h4-tw-corp-u-j.png Size: 32 KB
Patience, let the trade come to you.
  • #8,296
  • Mar 13, 2020 12:19pm Mar 13, 2020 12:19pm
Quoting priceey
Happy Friday all, not long now until we can all step away from the monitors! Fortunate today to catch the USD/JPY breakout of the "Prison" (still going with a TS). Bonus caught the GBP/USD breakout too I owe it to you guys on here...especially Master Pokerchip Thanks and G pips to all, see you the other side of the weekend.
Priceey ha ha, hey excellent job.

You're learning how to trade now.

Build on what you learned today and apply it the next time you trade.

This is a lot of fun once you learn the business.

Have a safe weekend, wash you're hands like sir Billy said.

It makes me very happy that you had a nice trading day.
Patience, let the trade come to you.
  • #8,297
  • Mar 13, 2020 12:21pm Mar 13, 2020 12:21pm
GBP/USD daily chart update.

Are we at the bottom ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-d1-tw-corp-g-u-2.png Size: 48 KB
Patience, let the trade come to you.
  • #8,298
  • Mar 13, 2020 12:26pm Mar 13, 2020 12:26pm
Hello traders,

As mention that JPY cross pairs will surprise alllllll.. here it comes, time for a pullback before uptrend resume for all JPY pairs next week. Watch out for it.

Long GBPAUD target achieved at 2.01700.

I’m done for the week.. Yaaaaaaaaaaay...


See you guys around.
Attached Image (click to enlarge)
Click to Enlarge Name: DA489874-EAD0-489A-8885-D82269A5969E.png Size: 998 KB
10% buy 10% sell 80% waiting
  • #8,299
  • Mar 13, 2020 12:33pm Mar 13, 2020 12:33pm
Quoting PokerChip
GBP/USD daily chart update. Are we at the bottom ? {image}
Hi bud,

From I see that GBPUSD will reverse long trade after FOMC and that is when dollar gets pump and dump..

That will be all good for Long GBPUSD, Short EURGBP
and USDCAD.

Happy weekends.
10% buy 10% sell 80% waiting
  • #8,300
  • Mar 13, 2020 12:45pm Mar 13, 2020 12:45pm
Quoting TraderR0N
{quote} Hi bud, From I see that GBPUSD will reverse long trade after FOMC and that is when dollar gets pump and dump.. That will be all good for Long GBPUSD, Short EURGBP and USDCAD. Happy weekends.

you are right mate. I am waiting for a wedge to develop thru asian and a fakey 20-30 pip move down on monday breaking wedge before reversal and if that is below the 1.20 low even better
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