The Jail Break System | Page 434 | Forex Factory

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The Jail Break System

  • #8,661
  • Mar 17, 2020 8:07am Mar 17, 2020 8:07am
Quoting profitfarmer
{quote} thank you. looked up. no info about data's origin that is displayed. but works for you good for you, i am happy for you! that is clear that whoever said for a poor soul today that 30 pips and GU will likely turn wasnt doing a service.
Hi PF. well, i did mention across 3 posts, to look out for a momentum push down fakey movement gunning for stops and to look out for W formation around the 1.21 to trigger buy limits and then take em out. Looking at the way the mm have created a support level off that wedge on 15mins chart.on 1.21. i am expecting a fakey there. When it comes i will enter. This is not a signal service by the way, so there should not be any poor soul taking trades off any comments or opinions.
Best wishes
Pamc
  • #8,662
  • Mar 17, 2020 8:26am Mar 17, 2020 8:26am
Quoting billytt
Oops forgot. I am not trading the 08-00 15 min bar break. Range is on the big side. I have traded the 00-0 break plus a terrace and have done well. But alas, no main trade. Trade well all. t08-4
Hi everyone,

I hope you are all doing well today

billytt I took those two trades a few hours ago on EURUSD and USDCHF off the 00:00 4hour range break in the direction of the main cycle (level 2). The range was about 25-30 pips on both pairs with some room to the ADR. I know that you only trade GU but are those within your criteria for an entry ?

Cheers,
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  • #8,663
  • Mar 17, 2020 8:31am Mar 17, 2020 8:31am
Quoting PokerChip
Good morning everyone. I'm stuck in GBP/USD, I think it has finally reached bottom and will be up for the day. I closed my USD/JPY buy trade, and I have bought it again at 106.851 Also I'm getting ready to take the wife to St Louis Missouri today, so I'll be gone all day. Everyone trade safe, see you all tomorrow.
Enjoy trip PC,
I'am waiting for your back and see how am I apply the Jail Breaking System in EUR/ USD and got dolars today. Do I a good student ^^
Thank you so much again!
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  • #8,664
  • Mar 17, 2020 8:36am Mar 17, 2020 8:36am
Quoting prozor7
AUD there are a small buy momentum AUDCAD AUDJPY AUDUSD AUDNZD needs to stay above to confirm long AUDCAD 0.84915 - 0.85184 AUDJPY 64.250 AUDUSD 0.60791 AUDNZD 1.01179
AUD - update
buy momentum increase this is the moment where buying will continue or stop

protect long tight SL
Forex can only be understood backwards, but it must be traded forwards.
  • #8,665
  • Mar 17, 2020 8:43am Mar 17, 2020 8:43am
Maybe a sell trade approaching XAUUSD after this possible fakey
  • #8,666
  • Mar 17, 2020 8:56am Mar 17, 2020 8:56am
Talking about being stuck. I'm stuck long GJ, but DD is still a manageable 5%
Looking for a mid-week reversal of some sort today or tomorrow.
Entities should not be multiplied without necessity - Occam's razor
  • #8,667
  • Mar 17, 2020 9:03am Mar 17, 2020 9:03am
Quoting Sorel
{quote} Hi everyone, I hope you are all doing well today billytt I took those two trades a few hours ago on EURUSD and USDCHF off the 00:00 4hour range break in the direction of the main cycle (level 2). The range was about 25-30 pips on both pairs with some room to the ADR. I know that you only trade GU but are those within your criteria for an entry ? Cheers, {image} {image}
Hi S, you have the right idea. I have no stats for those 2 pairs.So I cannot answer honestly. I will trade a break no matter where trend is. I cannot speak cycles but I think they could well be related and used to good effect.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,668
  • Mar 17, 2020 9:06am Mar 17, 2020 9:06am
Quoting tmxp100d
Good morning guys, hope you are all doing well. I'm still stuck in EURGBP short and GBPUSD long.
Took partial loss on my GBPUSD long entry @ 1.23

Looking for long entry @ 1.20

EURGBP still ranging between 0.9150-0.9050
patiently waiting for it to come down....
  • #8,669
  • Mar 17, 2020 9:18am Mar 17, 2020 9:18am
USDCAD 15mins we have an M. The bearish candle broke previous neckline low so am waiting for the retest of that low
  • #8,670
  • Mar 17, 2020 9:18am Mar 17, 2020 9:18am
Quoting Frosty85
Talking about being stuck. I'm stuck long GJ, but DD is still a manageable 5% Looking for a mid-week reversal of some sort today or tomorrow.
GBPJPY should find support @ 1.28600 - 1.28453 on daily

Edit:
closing above 129.877 should confirm
Forex can only be understood backwards, but it must be traded forwards.
  • #8,671
  • Mar 17, 2020 9:24am Mar 17, 2020 9:24am
Quoting billytt
{quote} Hi S, you have the right idea. I have no stats for those 2 pairs.So I cannot answer honestly. I will trade a break no matter where trend is. I cannot speak cycles but I think they could well be related and used to good effect.
Hi Billytt thanks for your help. One more quick question. Let's say the 00:00 4 hour range holds throughout the day and finally breaks during the NY session, would you still consider it a valid trigger or would you just wait for the next 00:00 4 hour bar ?

Cheers
  • #8,672
  • Mar 17, 2020 9:35am Mar 17, 2020 9:35am
Quoting Sorel
{quote} Hi Billytt thanks for your help. One more quick question. Let's say the 00:00 4 hour range holds throughout the day and finally breaks during the NY session, would you still consider it a valid trigger or would you just wait for the next 00:00 4 hour bar ? Cheers
Hi S, if range held all day I would think something was wrong. BUT they would probably be inside bars on the 4 hour.
Normally I would leave it though.
Main trade being the 08-00 15 min.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,673
  • Mar 17, 2020 9:43am Mar 17, 2020 9:43am
GBPJPY buy limit @ 128.00

Let's see if I get filled
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  • #8,674
  • Mar 17, 2020 9:51am Mar 17, 2020 9:51am
Quoting prozor7
CHFJPY potential long @ 111.378 - 111.072 - TP 112.241 {image}
CHFJPY - update
protect long
Forex can only be understood backwards, but it must be traded forwards.
  • #8,675
  • Mar 17, 2020 9:52am Mar 17, 2020 9:52am
Quoting billytt
{quote} Hi S, if range held all day I would think something was wrong. BUT they would probably be inside bars on the 4 hour. Normally I would leave it though. Main trade being the 08-00 15 min.
Thanks again billytt. You've been really helpful. I'll study how the break of this range works out on other pairs as well over the next few weeks.

Cheers
  • #8,676
  • Mar 17, 2020 9:53am Mar 17, 2020 9:53am
Quoting prozor7
GBPCAD watching 1.70176 - 1.69840 as potential long TP 1.71569 - 1.72441 in case price can't hold down to 1.68111 - 1.67912
GBPCAD - update
here we are watching PA there is no strength in GBP
Forex can only be understood backwards, but it must be traded forwards.
  • #8,677
  • Mar 17, 2020 10:10am Mar 17, 2020 10:10am
Quoting prozor7
USDCAD one more push up to 1.41924 {image}
USDCAD - update
30 pips to the TP
USD losing buy momentum so is CAD
Forex can only be understood backwards, but it must be traded forwards.
  • #8,678
  • Mar 17, 2020 10:12am Mar 17, 2020 10:12am
Quoting prozor7
AUD there are a small buy momentum AUDCAD AUDJPY AUDUSD AUDNZD needs to stay above to confirm long AUDCAD 0.84915 - 0.85184 AUDJPY 64.250 AUDUSD 0.60791 AUDNZD 1.01179
AUD
I'm buying again
Forex can only be understood backwards, but it must be traded forwards.
  • #8,679
  • Mar 17, 2020 10:51am Mar 17, 2020 10:51am
USDCHF
watching 0.96409 - 0.96525 as potential short
Forex can only be understood backwards, but it must be traded forwards.
  • #8,680
  • Mar 17, 2020 11:02am Mar 17, 2020 11:02am
Quoting prozor7
USDCAD one more push up to 1.41924 {image}
USDCAD - update
TP reach
short TP 1.40685
Forex can only be understood backwards, but it must be traded forwards.
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