The Jail Break System | Page 523 | Forex Factory

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The Jail Break System

  • #10,441
  • Mar 31, 2020 9:28am Mar 31, 2020 9:28am
Quoting fistno
{quote} Use google translate, may help abit at least. This chart might help abit too {image}
thank u . i will try hard
  • #10,442
  • Mar 31, 2020 9:29am Mar 31, 2020 9:29am
Quoting prozor7
GBPCAD looking for 1.77047 - 1.77510 as potential sell
GBPCAD - update
90 pips ride close all
Forex can only be understood backwards, but it must be traded forwards.
  • #10,443
  • Mar 31, 2020 9:35am Mar 31, 2020 9:35am
Quoting prozor7
{quote} lol AUDUSD looking for buy @ 0.60791
AUDUSD - update
protect long
SL 0.60900

Edit
EA break even activated - text next to Pending Buy
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #10,444
  • Mar 31, 2020 9:39am Mar 31, 2020 9:39am
Another absoloute run for GBPUSD coming?

EDIT, I had as level 2, just not sure where my boxes went
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #10,445
  • Mar 31, 2020 9:39am Mar 31, 2020 9:39am
Quoting SidneyMagal
Another absoloute run for GBPUSD coming? {image}
Yep, the run is coming.
Patience, let the trade come to you.
  • #10,446
  • Mar 31, 2020 9:54am Mar 31, 2020 9:54am
count me in also, but lets start from the START. Whats the START? Whats the daily to doing?
  • #10,447
  • Mar 31, 2020 9:56am Mar 31, 2020 9:56am
What a drop in cable when I just turn away for a few mins!
IMO, it is a stophunt. The price might go into consolidation again or it will go back up and continue up north.

The cable is malfunction these days. Time to change new wire. LOL
  • #10,448
  • Mar 31, 2020 9:56am Mar 31, 2020 9:56am
Quoting pamc
count me in also, but lets start from the START. Whats the START? Whats the daily to doing?
Yep, I agree.

We want the true direction.
Patience, let the trade come to you.
  • #10,449
  • Mar 31, 2020 9:57am Mar 31, 2020 9:57am
Quoting PokerChip
{quote} Yep, the run is coming.
yep, its getting ready.

i was playing , short off the 30 min bar lol.

i have definitely finished for the day.
I have had a good day but i am not trading as normal. Even with a fail.
15-57
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,450
  • Mar 31, 2020 10:02am Mar 31, 2020 10:02am
Quoting PokerChip
{quote} Yep, the run is coming.
I used that little flash sale to get out of the short ive held since Friday, softened the blow, im in two minds about jumping on this run with the PA though
  • #10,451
  • Mar 31, 2020 10:02am Mar 31, 2020 10:02am
Quoting fistno
What a drop in cable when I just turn away for a few mins! IMO, it is a stophunt. The price might go into consolidation again or it will go back up and continue up north. The cable is malfunction these days. Time to change new wire. LOL
yep, it is all weird, it looks down to me, BUT that means nothing, Give me a line to break. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,452
  • Mar 31, 2020 10:09am Mar 31, 2020 10:09am
Quoting billytt
{quote} yep, it is all weird, it looks down to me, BUT that means nothing, Give me a line to break. lol
From what I see is that the daily range is now 210, about 64% of 20 days ADR.
And from my observation, once a pair run up broke asian session in one direction, either asian high or low, and to 60 to 65% adr, they have chance to keep runing in the same direction.

When the adr percentage reach 80 to 100% I will size out, due to possible reversal. Leave some position behind for possible breakout.

IMHO, the cable is still stretching, but I might be wrong. =p
  • #10,453
  • Mar 31, 2020 10:12am Mar 31, 2020 10:12am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 310320 18.08.png Size: 75 KB


Fakey at top, then reverse triggering sells, taking out stops of around 20pips of longies from previous zone breakout, and now after the shorts. see that big blue horizontal. massive accumulation of stops. i am in for just a 0.01 position for now
  • #10,454
  • Mar 31, 2020 10:12am Mar 31, 2020 10:12am
Count me in for the EA, i can help code it
  • #10,455
  • Mar 31, 2020 10:16am Mar 31, 2020 10:16am
Quoting pamc
count me in also, but lets start from the START. Whats the START? Whats the daily to doing?
this is a start GBPCAD.
we drawn Jail Box on the chart
because of this you can't automate something that need human intervention; than automation.

few question to answer for start!!!
where Jail will show on what price?
how big Jail will be.
what is difference between Reverse, step1, step2.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.png Size: 20 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #10,456
  • Mar 31, 2020 10:17am Mar 31, 2020 10:17am
Hey PC and fellow traders..

Have you ever thought about starting a discord group for this strategy?

Really handy when it comes to having different tabs for different categories. For example: GBP pairs, $ pairs, watchlists, training material, EA contributions etc etc..

Just a thought.

Have a good day!
  • #10,457
  • Mar 31, 2020 10:21am Mar 31, 2020 10:21am
Quoting prozor7
NZDUSD looking for buy @ 0.59198 - 0.59032 TP 0.59679 - 0.59825
NZDUSD - update
protect long
SL 0.59250
Forex can only be understood backwards, but it must be traded forwards.
  • #10,458
  • Mar 31, 2020 10:22am Mar 31, 2020 10:22am
Quoting mathy2007
Count me in for the EA, i can help code it
Sounds good, thank you.
Patience, let the trade come to you.
  • #10,459
  • Mar 31, 2020 10:30am Mar 31, 2020 10:30am
Quoting prozor7
GBPCHF possible up to 1.20160 - 1.20662
GBPCHF - update
TP reach close long
possible one more push up to 1.20662
Forex can only be understood backwards, but it must be traded forwards.
  • #10,460
  • Mar 31, 2020 10:32am Mar 31, 2020 10:32am
Quoting fistno
{quote} From what I see is that the daily range is now 210, about 64% of 20 days ADR. And from my observation, once a pair run up broke asian session in one direction, either asian high or low, and to 60 to 65% adr, they have chance to keep runing in the same direction. When the adr percentage reach 80 to 100% I will size out, due to possible reversal. Leave some position behind for possible breakout. IMHO, the cable is still stretching, but I might be wrong. =p

a lot of your observation is true.
Only thing being, these times are tricky as the prices isnt running true.
Higher than normal Daily Range can screw things up, i am not bad as i always take a percentage of the adr, and that includes fixing my 08-00 main trade.

Just lately the main move has been 00-00 to 04-00 if anyone is awake. llol.
Trade well and Take Care.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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