The Jail Break System | Page 466 | Forex Factory

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The Jail Break System

  • #9,301
  • Mar 24, 2020 5:20am Mar 24, 2020 5:20am
Quoting PokerChip
Good morning everyone from partly sunny and 37 f degrees in the Midwest.
Hi P, hope you are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,302
  • Mar 24, 2020 5:20am Mar 24, 2020 5:20am
I'm looking for a big push higher in USD/JPY today.
Patience, let the trade come to you.
  • #9,303
  • Mar 24, 2020 5:23am Mar 24, 2020 5:23am
Quoting prozor7
EURUSD 1.08562 as resistance possible spike up to 1.08943 tight SL
EURUSD - update
protect short
Forex can only be understood backwards, but it must be traded forwards.
  • #9,304
  • Mar 24, 2020 5:34am Mar 24, 2020 5:34am
Quoting prozor7
GBPCAD CAD i overstretched (sell) potential pullback @ 1.70698 - 1.70798
GBPCAD - update
another alarm this time
GBP is overstretched (buy)

wait for price to come to you don't chase it
targets are the same
Forex can only be understood backwards, but it must be traded forwards.
  • #9,305
  • Mar 24, 2020 5:47am Mar 24, 2020 5:47am
taking a break here
market was nice to us today
protect yours positions market is wild

see you in hour or so
Forex can only be understood backwards, but it must be traded forwards.
  • #9,306
  • Mar 24, 2020 6:12am Mar 24, 2020 6:12am
Quoting billytt
{quote} Hi P, hope you are well.
Good morning Billy, I hope you are well.

I just got back from Krogers, I was looking for chocolate milk, I found none.

Maybe tomorrow, maybe not, ha.
Patience, let the trade come to you.
  • #9,307
  • Mar 24, 2020 6:14am Mar 24, 2020 6:14am
GBP/JPY 4 hour update.

I think this pair will be moving up toward the 2nd level today.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyi-h4-tw-corp-g-j.png Size: 37 KB
Patience, let the trade come to you.
  • #9,308
  • Mar 24, 2020 6:16am Mar 24, 2020 6:16am
GBP/USD 4 hour chart update.

The pair is starting to build the 1st level right now.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 30 KB
Patience, let the trade come to you.
  • #9,309
  • Mar 24, 2020 6:45am Mar 24, 2020 6:45am
Quoting PokerChip
I'm looking for a big push higher in USD/JPY today.
Hi, I have just started following this strategy, like the look of it.

Are you thinking this looks about right for the next move up, approx 111.44 in usdjpy? Do you usually wait until the move has passed your box then enter, or wait until a retrace then enter on 15 min chart?

Thanks!

Tim
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-24 at 13.39.16.png Size: 197 KB
  • #9,310
  • Mar 24, 2020 6:47am Mar 24, 2020 6:47am
INFO for all:

receive an offer from volunteer developing "Jail EA" (Expert Advisor).
until further notice (finishing or giving up) no need to contact me regarding this matter.

I will publish EA here when finished

thank you all for support and offers.

pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #9,311
  • Mar 24, 2020 6:58am Mar 24, 2020 6:58am
Quoting orbwarp
{quote} Hi, I have just started following this strategy, like the look of it. Are you thinking this looks about right for the next move up, approx 111.44 in usdjpy? Do you usually wait until the move has passed your box then enter, or wait until a retrace then enter on 15 min chart? Thanks! Tim {image}
Hello Tim,
Welcome to the thread.

Usually once a pair has passed the top of a box level, it will continue to push up. Then after its exhausted it will retrace down maybe half way.

It all depends on how many traders the market maker has trapped. I only use the 4 hour chart for entry and the daily chart for the direction.

I hope this helps explain the strategy of the jail break system. If you need anything else just ask. I'll be glad to help.

Poker Chip
Patience, let the trade come to you.
  • #9,312
  • Mar 24, 2020 6:59am Mar 24, 2020 6:59am
Quoting prozor7
{quote} morning PC winter is here
Oh boy, I hate winter.

Loved it when I was a kid, lol.
Patience, let the trade come to you.
  • #9,313
  • Mar 24, 2020 7:09am Mar 24, 2020 7:09am
Quoting PokerChip
{quote} Hello Tim, Welcome to the thread. Usually once a pair has passed the top of a box level, it will continue to push up. Then after its exhausted it will retrace down maybe half way. It all depends on how many traders the market maker has trapped. I only use the 4 hour chart for entry and the daily chart for the direction. I hope this helps explain the strategy of the jail break system. If you need anything else just ask. I'll be glad to help. Poker Chip
Ok, so would you say the level 2, box on my screenshot looks about right, think the top is a bit higher 111.58 approx?

Thanks
  • #9,314
  • Mar 24, 2020 7:19am Mar 24, 2020 7:19am
Quoting orbwarp
{quote} Ok, so would you say the level 2, box on my screenshot looks about right, think the top is a bit higher 111.58 approx? Thanks
I think your chart looks pretty accurate.

I'm a cautious trader, I'll wait until the market maker has shown his hand, " made his move ".

Then I'll trade right along with him. Sometimes I get trapped, but the important thing is I'll always be trading in the right direction.

When I get stuck, I have to wait for the trade to come back to me.

I think that USD/JPY will pass the reversal box and keep on moving up until they get a grip of the economy.

As of right now the U.S. Government doesn't have a grip on it.
Patience, let the trade come to you.
  • #9,315
  • Mar 24, 2020 7:23am Mar 24, 2020 7:23am
I think USD/JPY, GBP/JPY, GBP/USD will push up once they know the senate has the votes to pass this multi trillion dollar deal.

I think the U.S. Government needs to wait until these virus scientist think its okay for people to return to work.

I don't think the politician's should be telling people to go back to work.

If people go back to work to soon, this virus thing could start up again.
Patience, let the trade come to you.
  • #9,316
  • Mar 24, 2020 7:26am Mar 24, 2020 7:26am
USD/JPY 4 hour chart update.

Moving up again.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyi-h4-tw-corp-u-j.png Size: 38 KB
Patience, let the trade come to you.
  • #9,317
  • Mar 24, 2020 7:31am Mar 24, 2020 7:31am
Quoting prozor7
{quote} GBPCAD - update another alarm this time GBP is overstretched (buy) wait for price to come to you don't chase it targets are the same
GBPCAD - update
protect short
SL 1.70463
TP 1.68777 - 1.67986 - 1.66513
Forex can only be understood backwards, but it must be traded forwards.
  • #9,318
  • Mar 24, 2020 7:33am Mar 24, 2020 7:33am
Quoting PokerChip
{quote} Oh boy, I hate winter. Loved it when I was a kid, lol.
I adore snow until I have to shoveling
Forex can only be understood backwards, but it must be traded forwards.
  • #9,319
  • Mar 24, 2020 7:37am Mar 24, 2020 7:37am
Quoting prozor7
{quote} I adore snow until I have to shoveling
When I knew that we would were going to get 5-8 inches of snow I would put down my concrete drive with about 1/2 inch of rock salt.

We would in up with about a inch of snow on the ground.
Patience, let the trade come to you.
  • #9,320
  • Mar 24, 2020 7:40am Mar 24, 2020 7:40am
GBP/USD here where I think the 2nd level will end up.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyi-h4-tw-corp-g-j.png Size: 37 KB
Patience, let the trade come to you.
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