The Jail Break System | Page 521 | Forex Factory

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The Jail Break System

  • #10,401
  • Mar 31, 2020 7:51am Mar 31, 2020 7:51am
Quoting xzdluu
Price to enter buy & sell..... should here need we enter price manual first??
yes no trade without price
Forex can only be understood backwards, but it must be traded forwards.
  • #10,402
  • Mar 31, 2020 7:53am Mar 31, 2020 7:53am
Quoting Lubis82
{quote} Hi Ron, what do you see for UJ?
Hi Lubis82,

This is what I see.. still watching PA for action.

IMHO... I would like to see further downside for USDJPY as long as price can stay below 109.100... I should think that it will head towards 105.100 and then 103.200....
But again anything can happen.


Cheers.
10% buy 10% sell 80% waiting
  • #10,403
  • Mar 31, 2020 7:55am Mar 31, 2020 7:55am
Quoting prozor7
{quote} yes no trade without price
so , if need someone pre-enter price, why dont use pending order?
  • #10,404
  • Mar 31, 2020 7:56am Mar 31, 2020 7:56am
I will wait for price action to go long for EURUSD.

Or wait for price at 1.10500 to go short.

See you guys around.

Trade safe.
10% buy 10% sell 80% waiting
  • #10,405
  • Mar 31, 2020 7:57am Mar 31, 2020 7:57am
GBPCAD
looking for 1.77047 - 1.77510 as potential sell
Forex can only be understood backwards, but it must be traded forwards.
  • #10,406
  • Mar 31, 2020 8:04am Mar 31, 2020 8:04am
Quoting Adams09
PC, with the jail break system, you are a genius if you are automated with the decision making already coded this will put an end to the brokers, more focusing on the system itself, and I am fully aware that watching D1 and making entries in H4 it is simply disciplined and very professional it is said it is the move of the big players, thanks for sharing your experience and passion with agent on this forum.


Thank you for you're kind words.

I think my wife would argue about the genius thing ha ha.

I agree with you if a EA was created I think it would create more profit.

Have to wait and see if a veteran code writer will set up to the plate.

Have a great trading day.
Patience, let the trade come to you.
  • #10,407
  • Mar 31, 2020 8:04am Mar 31, 2020 8:04am
Quoting xzdluu
{quote} so , if need someone pre-enter price, why dont use pending order?
simple reason:
without EA trade will be opened once.

with EA trade will be open Number of times user input @ same price

example
buying EURGBP @ 0.88694
I want 2 orders in 15 minutes
1st will be open when price go down and hit 0.88694
2nd will be open when price go up hit 0.88694 and 15 min has pass from 1st trade
Forex can only be understood backwards, but it must be traded forwards.
  • #10,408
  • Mar 31, 2020 8:05am Mar 31, 2020 8:05am
Watching EURAUD guys - if we can get to 1.8000
  • #10,409
  • Mar 31, 2020 8:08am Mar 31, 2020 8:08am
Quoting prozor7
{quote} simple reason: without EA trade will be opened once. with EA trade will be open Number of times user input @ same price example buying EURGBP @ 0.88694 I want 2 orders in 15 minutes 1st will be open when price go down and hit 0.88694 2nd will be open when price go up hit 0.88694 and 15 min has pass from 1st trade
i see ,thank u sir
  • #10,410
  • Mar 31, 2020 8:12am Mar 31, 2020 8:12am
Quoting VicarPhilip
$1805 paper profits from JailBreak system. I have never, ever held trades overnight and didn't sleep well as they were all in the red. Hung with the trades, trusted the system, and made more overnight (well on paper anyway lol) than I gross in a week from my day job. Time to build up capital and use real money as the learning continues in demo. Thanks PC! {image}
You're welcome, it's my pleasure.

I enjoy seeing traders making a profit everyday, it makes me feel good.

That's what this thread is all about is helping other traders.

The more you use the jail break system the more confidence you'll have, and that will help you trade more lots in the future.
Patience, let the trade come to you.
  • #10,411
  • Mar 31, 2020 8:12am Mar 31, 2020 8:12am
Quoting prozor7
{quote} "I'm all ears" how would you automate?
Prozor,

Please accept my profound apologizes if i came across as a know it all, wasn't my intention.

These are my thoughts on how to systematically segregate the components of Jail Break System:

We have a

a. Reversal
b. Levels aka Consolidation/Range
c. Fake Out
d. Break Out

a. Reversal- We are not trying to trade a reversal, This is more of an afterthought as in a confirmation if a reversal has occured after the creation of the 1st Level.

We could derive the price from the last/previous 200 and 800 EMA crossover and check if price crossed a certain threshold in terms of % to validate a reversal.

Example- AUDUSD has been in a downtrend, there looks to be a reversal, creation of 1st Level to the upside. We calculate the previous point when 200 EMA crossed 800 EMA from above and use the latest low as reference.

b. Levels- We use cross of EMA's as a substitute, mapping EMA crossover is straight forward, we need to get an algebraic equivalent of the box/jail.

etc...

many aspiring traders such as myself have an immediate goal of taking whatever little capital we have to a sizeable one, it looks like the best way would be to make the money work for you and make sure the capital doesn't stay idle. So expanding the number of FX pairs we trade would be a major step. There are also exotic pairs,{pending the viability of spread with respect to profitability} that have great volatility. Also, i quickly scanned other financial instruments as well, the principles seems to apply-range-breakout which i am not surprised as Jail break directly deals with the heart of the market maker model.

I am just trying to see how we can best take this forward.


Thanks
  • #10,412
  • Mar 31, 2020 8:15am Mar 31, 2020 8:15am
Quoting PokerChip
{quote} I gave my input to a code writer, and I still had more information to give. I never heard from him, I think he fell off the earth some where. I think if this can be done, you would be able to trade more pairs and that would compound the profit.
Poker Chip,

if it's alright with you, could you share the inputs you have to the coder. I have a friend, who is really good at coding, i will run the inputs and see if he can allocate some time for us.

Thanks
  • #10,413
  • Mar 31, 2020 8:20am Mar 31, 2020 8:20am
Quoting Mtinifx
Watching EURAUD guys - if we can get to 1.8000
There we go - a few pips in the bag on a tough day!!
  • #10,414
  • Mar 31, 2020 8:21am Mar 31, 2020 8:21am
Quoting aaven
{quote} Prozor, Please accept my profound apologizes if i came across as a know it all, wasn't my intention. These are my thoughts on how to systematically segregate the components of Jail Break System: We have a a. Reversal b. Levels aka Consolidation/Range c. Fake Out d. Break Out a. Reversal- We are not trying to trade a reversal, This is more of an afterthought as in a confirmation if a reversal has occured after the creation of the 1st Level. We could derive the price from the last/previous 200 and 800 EMA crossover and check if price crossed...
Between you guys and the people you guys know, I think you could build you heck of a EA.

Glad you guys are collaborating on this.
Patience, let the trade come to you.
  • #10,415
  • Mar 31, 2020 8:24am Mar 31, 2020 8:24am
Quoting aaven
{quote} Poker Chip, if it's alright with you, could you share the inputs you have to the coder. I have a friend, who is really good at coding, i will run the inputs and see if he can allocate some time for us. Thanks
Oh heck yes, bring on the coder !

With this EA, we can change a lot of lives.

I'm pumped.
Patience, let the trade come to you.
  • #10,416
  • Mar 31, 2020 8:25am Mar 31, 2020 8:25am
Quoting PokerChip
{quote} Between you guys and the people you guys know, I think you could build you heck of a EA. Glad you guys are collaborating on this.
Poker Chip,

I know it sounds cliche, but to selflessly lay out yours years of hard work and sweat for everyone to use needs a heart of gold. There are people who share what they know, but along with it comes the ego, mental games . As i said, you are a cut above the rest.

Thanks
  • #10,417
  • Mar 31, 2020 8:25am Mar 31, 2020 8:25am
Hi PC, hope you well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,418
  • Mar 31, 2020 8:30am Mar 31, 2020 8:30am
Quoting PokerChip
{quote} Oh heck yes, bring on the coder ! With this EA, we can change a lot of lives. I'm pumped.
i am try to learn something from your system from your post at page 1. as my bad english, i cant understand it ,cant master it .
  • #10,419
  • Mar 31, 2020 8:30am Mar 31, 2020 8:30am
Quoting xzdluu
{quote} i am try to learn something from your system from your post at page 1. as my bad english, i cant understand it ,cant master it .

oops.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,420
  • Mar 31, 2020 8:31am Mar 31, 2020 8:31am
Hi Everyone!

Cable is not moving strong. Yesterday ended with not much movement. Did not expect that. The bull has lost it horn. Today it just break asian high but not moving strong, still consolidating. Lets see where it will move after consolidation end. I am expecting to the North pole.
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