The Jail Break System | Page 431 | Forex Factory

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The Jail Break System

  • #8,601
  • Mar 16, 2020 7:09pm Mar 16, 2020 7:09pm
Quoting PokerChip
{quote} Hey David, Ha ha its USD/JPY in reverse. It's the 2nd level because the market maker ran away from all those sellers in that last big red candle in the 1st level. USD/JPY came up to and established a 2nd level,. The market maker trapped those traders, not all of them, but some of them. And right now he has sellers trapped to the left and the market maker is going to push up and away from those sellers and trap them. This might help you and other traders as well. Try to think of the market maker as a shark. The shark smells blood in the water...
Hey! Thank's for answering so quickly - your help is really much appreciated. So is it this candle (that I've circled) going back into Level 1 that then defines level 2. It's slightly different to yours as well as being in reverse!
Attached Image (click to enlarge)
Click to Enlarge Name: 6J 06-20 (240 Minute) 2020_03_17 (00_08_10).png Size: 67 KB
  • #8,602
  • Mar 16, 2020 7:32pm Mar 16, 2020 7:32pm
Quoting Wellington
{quote} Hey! Thank's for answering so quickly - your help is really much appreciated. So is it this candle (that I've circled) going back into Level 1 that then defines level 2. It's slightly different to yours as well as being in reverse! {image}
Ha you're welcome,
When you trade forex you should always look at the left after a new level has been established. You should know that after moving up the pair will have to move lower and retrace for the market maker to make his profit.

When you look at a chart, you need to see the opposite, because that is what's about to happen.
Patience, let the trade come to you.
  • #8,603
  • Mar 16, 2020 8:36pm Mar 16, 2020 8:36pm
USD/JPY

On its way up
Attached Image (click to enlarge)
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  • #8,604
  • Mar 16, 2020 9:14pm Mar 16, 2020 9:14pm
Hi May I ask few questions to help me study this.

I am trying to understand how to draw the box. Once I see the railroad candles, do I draw the box covering the railroad candles?

And what are all the moving averages? I noticed from first few pages these are 13, 50, 200 and 800..not sure EMA or SMA.

Thanks for helping. I am learning this method. Once I get good understanding I will start sharing my charts.
Determination + Persistence = Success
  • #8,605
  • Mar 16, 2020 10:45pm Mar 16, 2020 10:45pm
Just having some fun learning a little more about market structure in this thread.

Attached Image (click to enlarge)
Click to Enlarge Name: USD JPY H4 Analysis.png Size: 86 KB


Now where will it go from here?? I can't quite see the Level 2 area yet, but that Level 1 zone was a doozy!!
Empty your mind and let the market guide you
  • #8,606
  • Mar 16, 2020 10:58pm Mar 16, 2020 10:58pm
Quoting PokerChip
{quote} Digitol, Thank you for you're kind words. You'll be inspiring someone too, just as soon as you learn the jail break system. Let me break this down for you and everyone else what the jail break system truly is. All the jail break system does is it trades right along with the market maker. On 8-10 pairs on any given week when the market maker reverses a pair the jail break system reverses right along with him. After the reversal which can take 2-3 days to really start moving up or down. Then the pair will move start moving, lets say up. The...
PokerChip,
Thank you for generous eplain the "breaking jail system" again. I've read your posts in first 10 pages at least 5 times, as well as look at previous pair's charts to practice. It's really powerful!
Aslo, thank you for sharing your experience on how to trade with 10,000 usd account and should choose pairs that know the best.
And thank you for helped me to be partion. You never want to know how aggessive I was to jump to every pairs before.

Cheers!
  • #8,607
  • Mar 17, 2020 2:12am Mar 17, 2020 2:12am
Hi all.
Cable 00-00 4 hour bar break.
Low broke and I am short. Looking for 15 points to start.
Trade well all.
t 07-12
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,608
  • Mar 17, 2020 2:20am Mar 17, 2020 2:20am
Good day everyone.

Have place some new trades last night after NY closed.

Long EURAUD target achieved at 1.84000.

Long EURNZD target achieved at 1.85500.

Short AUDCAD target achieved at 0.85000.

Long USDJPY target achieved at 107.000.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: FAC7F8BC-9E72-429B-9ED7-76501B1B9022.png Size: 987 KB
10% buy 10% sell 80% waiting
  • #8,609
  • Mar 17, 2020 2:23am Mar 17, 2020 2:23am
Quoting TraderR0N
Good day everyone. Have place some new trades last night after NY closed. Long EURAUD target achieved at 1.84000. Long EURNZD target achieved at 1.85500. Short AUDCAD target achieved at 0.85000. Long USDJPY target achieved at 107.000. {image} {image}
MORNING KING RON! Last night we took UJ as well with a string H&S pattern - waiting on a few breaks of the jail

what are you looking at this morning my friend?
  • #8,610
  • Mar 17, 2020 2:26am Mar 17, 2020 2:26am
Here are some news trade that I have place last night after NY closed still running.....

Short AUDNZD.

Long EURJPY.

Long GBPAUD.

Long GBPNZD.

Short NZDUSD.

Short XAUUSD ( Gold )

Cheers.
10% buy 10% sell 80% waiting
  • #8,611
  • Mar 17, 2020 2:28am Mar 17, 2020 2:28am
Quoting mayfairtrade
{quote} MORNING KING RON! Last night we took UJ as well with a string H&S pattern - waiting on a few breaks of the jail what are you looking at this morning my friend?
LOL

No new trades as of now because have place some trades last night after NY closed. ( Above post )
10% buy 10% sell 80% waiting
  • #8,612
  • Mar 17, 2020 2:33am Mar 17, 2020 2:33am
Quoting TraderR0N
{quote} LOL No new trades as of now because have place some trades last night after NY closed. ( Above post )
Ron, a quick question and please point me to the post if you've already answered this before.

You obviously trade 5 lots at a time, right? What is the thinking behind splitting them into 5 x 1 lot positions?

Cheers
Anthony
Empty your mind and let the market guide you
  • #8,613
  • Mar 17, 2020 2:38am Mar 17, 2020 2:38am
Quoting SunnyCoast
{quote} Ron, a quick question and please point me to the post if you've already answered this before. You obviously trade 5 lots at a time, right? What is the thinking behind splitting them into 5 x 1 lot positions? Cheers Anthony
Hi Anthony,

Please allow me to check back my post.. think had answered 2 times.. ha ha.
10% buy 10% sell 80% waiting
  • #8,614
  • Mar 17, 2020 2:39am Mar 17, 2020 2:39am
Morning Ron, hope you are well.
Has anyone heard any news from Russia lately?
My next trade hopefully will be the 08-00 15 min break.
t 07-39
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,615
  • Mar 17, 2020 2:39am Mar 17, 2020 2:39am
Quoting TraderR0N
{quote} Hi Anthony, Please allow me to check back my post.. think had answered 2 times.. ha ha.
Thought so!! lol. I will check again too. No need to waste your precious time.
Empty your mind and let the market guide you
  • #8,616
  • Mar 17, 2020 2:41am Mar 17, 2020 2:41am
Quoting billytt
Morning Ron, hope you are well. Has anyone heard any news from Russia lately? My next trade hopefully will be the 08-00 15 min break. t 07-39
Hi Billy.

Welcome back.
10% buy 10% sell 80% waiting
  • #8,617
  • Mar 17, 2020 2:42am Mar 17, 2020 2:42am
Quoting SunnyCoast
{quote} Thought so!! lol. I will check again too. No need to waste your precious time.
lol is ok I will find it copy and paste here.. give me a minute or so..
10% buy 10% sell 80% waiting
  • #8,618
  • Mar 17, 2020 2:45am Mar 17, 2020 2:45am
Quoting TraderR0N
{quote} Hi 007Red, Sorry for the late response. I think I have answered the same questions in the last few posts to trader Simply-Me but I managed to find it copied and paste here. As for my MM strategy, I’m only targeting at 40 pips per position to get 200 pips for 5 positions rather then targeting at 200 pips per position. It’s just scaling. It is also a psychologically mindset Hope it helps you. Cheers.

@SunnyCoast

I have found it... here you go...
10% buy 10% sell 80% waiting
  • #8,619
  • Mar 17, 2020 2:49am Mar 17, 2020 2:49am
Quoting TraderR0N
{quote} @SunnyCoast I have found it... here you go...
Very much appreciated. Makes sense.
Empty your mind and let the market guide you
  • #8,620
  • Mar 17, 2020 2:49am Mar 17, 2020 2:49am
Quoting SunnyCoast
{quote} Very much appreciated. Makes sense.
You are welcome mate.
10% buy 10% sell 80% waiting
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