The Jail Break System | Page 513 | Forex Factory

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The Jail Break System

  • #10,241
  • Mar 30, 2020 11:39am Mar 30, 2020 11:39am
Quoting prozor7
{quote} glad to see you are using EA -remember EA will not close trade if not working what do you think about EA
ist trade. simple to do. hidden sl levels is good. lets see.At the end of the day its just following our instruction. Thanks will continue this on demo for a while in case bugs occur.
  • #10,242
  • Mar 30, 2020 11:58am Mar 30, 2020 11:58am
USD/JPY looks like it's in reversal territory. MM is sucking in sellers to prime the pump.
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  • #10,243
  • Mar 30, 2020 12:11pm Mar 30, 2020 12:11pm
USD/JPY 4 hour chart update.

Railroad tracks beginning to build on the 4 hour chart.

Change coming.
Attached Image (click to enlarge)
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Patience, let the trade come to you.
  • #10,244
  • Mar 30, 2020 12:12pm Mar 30, 2020 12:12pm
GBP/USD 4 hour chart update.

Railroad tracks are also building on this pair.

Change coming.
Attached Image (click to enlarge)
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Patience, let the trade come to you.
  • #10,245
  • Mar 30, 2020 12:16pm Mar 30, 2020 12:16pm
GBP/JPY 4 hour chart update.

The pair has moved above the 2nd level and has sellers trapped.

I'm looking for another move up toward the 3rd level, which I think will be around 135 area.
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Patience, let the trade come to you.
  • #10,246
  • Mar 30, 2020 12:17pm Mar 30, 2020 12:17pm
I still think USD/JPY is going to 107.100
  • #10,247
  • Mar 30, 2020 12:21pm Mar 30, 2020 12:21pm
Quoting PokerChip
GBP/JPY 4 hour chart update. The pair has moved above the 2nd level and has sellers trapped. I'm looking for another move up toward the 3rd level, which I think will be around 135 area. {image}
Great job Master, stay green $$
  • #10,248
  • Mar 30, 2020 12:21pm Mar 30, 2020 12:21pm
Quoting VicarPhilip
USD/JPY looks like it's in reversal territory. MM is sucking in sellers to prime the pump. {image}
Just look at those juicy stops above. JUM JUM
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  • #10,249
  • Mar 30, 2020 12:32pm Mar 30, 2020 12:32pm
OK guys, listen up cos i am only going to say this once now. I have had a fair few pm's regarding the tools i have on my charts, especially the SL clusters and orders.. These are a monthly subscription but i won't say anymore here so as not to jeopardize the threads positioning. Following the interest chatted with the providers and they kindly came back with a 50% discount off their 49,95$ for this thread. They do not accept affiliates as such so that was not my intention. So any interested parties pm me and i will send more info in pm. Otherwise keep well and as i said earlier i wont mention this again here so do not fill this special place with extra comments but only pm. Respect and keep well
  • #10,250
  • Mar 30, 2020 12:34pm Mar 30, 2020 12:34pm
Quoting VicarPhilip
{quote} LOL I was wondering what you meant billy as it was already past that! Unfortunately had to go to my real job so didn't harass you about it. Have a great evening!
It was no problem really, I would of realised if I had started to add on/ compound. Plus that black line on my chart showing adr was misleading. Lol
ok I made a school boy error but no harm done.
Next time I make an error TELL ME. Lol .
i shall write out a thousand time, I am a tool,and must check my range.
Trade well bud, and take care,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,251
  • Mar 30, 2020 12:38pm Mar 30, 2020 12:38pm
Quoting HBN08
I still think USD/JPY is going to 107.100
I might agree with you on that but there is a wedge formed at significant previous structure and not till they take those stops above first IMO. But looking at the daily, we are currently seeing a fake out happened to the downside on a SR level, so watch out.
  • #10,252
  • Mar 30, 2020 12:44pm Mar 30, 2020 12:44pm
Quoting pamc
{quote} I might agree with you on that but there is a wedge formed at significant previous structure and not till they take those stops above first IMO. But looking at the daily, we are currently seeing a fake out happened to the downside on a SR level, so watch out.
Based in short term im watching that point
Long i think usd/jpy might go to 109.400and then come down again

I just started to trade doing 3 months tho.
  • #10,253
  • Mar 30, 2020 12:51pm Mar 30, 2020 12:51pm
Quoting pamc
{quote} Just look at those juicy stops above. JUM JUM {image}
Yep, a lot of juicy information there.

Great chart.
Patience, let the trade come to you.
  • #10,254
  • Mar 30, 2020 12:53pm Mar 30, 2020 12:53pm
UJ: went ahead and closed it out at +10 pip profit, felt like I was stuck in the box and as PC says that's no place to be.

I think I'm looking at too small a TF and not seeing the levels accurately. PokerChip I know you originally liked the 1H view but have since switched to 4H or D. I will try to stick to that, I like the faster action of the smaller TFs but gotta say it's pretty stressful.
  • #10,255
  • Mar 30, 2020 12:59pm Mar 30, 2020 12:59pm
Quoting PokerChip
GBP/USD 4 hour chart update. Railroad tracks are also building on this pair. Change coming. {image}
Hi PC, may I ask what MA's you use?
  • #10,256
  • Mar 30, 2020 1:06pm Mar 30, 2020 1:06pm
Quoting VicarPhilip
UJ: went ahead and closed it out at +10 pip profit, felt like I was stuck in the box and as PC says that's no place to be. I think I'm looking at too small a TF and not seeing the levels accurately. PokerChip I know you originally liked the 1H view but have since switched to 4H or D. I will try to stick to that, I like the faster action of the smaller TFs but gotta say it's pretty stressful.
Once you make the switch to the 4 hour chart, you will not miss the 1 hour chart.

The 4 hour chart will make you a more discipline trader, a all around better trader.

Market makers hate discipline traders, because they make very little profit from them.

Market makers want gamblers, dice throwers in forex. Las Vegas style traders.

No future being a Las Vegas style trader, Las Vegas was built on losers, ha I should know I was a loser in the beginning.
Patience, let the trade come to you.
  • #10,257
  • Mar 30, 2020 1:09pm Mar 30, 2020 1:09pm
Quoting PokerChip
{quote} Once you make the switch to the 4 hour chart, you will not miss the 1 hour chart. The 4 hour chart will make you a more discipline trader, a all around better trader. Market makers hate discipline traders, because they make very little profit from them. Market makers want gamblers, dice throwers in forex. Las Vegas style traders. No future being a Las Vegas style trader, Las Vegas was built on losers, ha I should know I was a loser in the beginning.

well i started with 50 EUR / went to 90 EUR and now im at 70 EUR
I belive with training and discipline i will do it

Great day to all
  • #10,258
  • Mar 30, 2020 1:32pm Mar 30, 2020 1:32pm
Quoting PokerChip
{quote} Once you make the switch to the 4 hour chart, you will not miss the 1 hour chart. The 4 hour chart will make you a more discipline trader, a all around better trader. Market makers hate discipline traders, because they make very little profit from them. Market makers want gamblers, dice throwers in forex. Las Vegas style traders. No future being a Las Vegas style trader, Las Vegas was built on losers, ha I should know I was a loser in the beginning.
Its human nature to learn the hard way huh?
  • #10,259
  • Mar 30, 2020 1:51pm Mar 30, 2020 1:51pm
Quoting billytt
{quote} It was no problem really, I would of realised if I had started to add on/ compound. Plus that black line on my chart showing adr was misleading. Lol ok I made a school boy error but no harm done. Next time I make an error TELL ME. Lol . i shall write out a thousand time, I am a tool,and must check my range. Trade well bud, and take care,

Was that a misspell? 'I am a tool, and must'
  • #10,260
  • Mar 30, 2020 2:04pm Mar 30, 2020 2:04pm
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...
Dead PokerChip,

When you say 3 phases and when you say we need to make our move on the 3rd phase do you mean the third blue box like highlighted below?!
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