The Jail Break System | Page 535 | Forex Factory

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The Jail Break System

  • #10,681
  • Apr 1, 2020 1:27pm Apr 1, 2020 1:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd at 17.45 before spike.png Size: 82 KB

and from this aid USD I adjusted the market orders to show what were the pendings at the 17:30- 17:45 candle as well as the stops below that were sorted with the W
  • #10,682
  • Apr 1, 2020 1:31pm Apr 1, 2020 1:31pm
Poker looks like some of the aud pairs are at level one and upwards
  • #10,683
  • Apr 1, 2020 1:38pm Apr 1, 2020 1:38pm
Quoting pamc
{quote} Not only a stop hut. At the time there were alot of pending buy stops and break out traders with close by sl's too. The thing to watch out for is the setup. The MM is setting all this up with that downward trend making a wedge formation above the previous structure so called support etc ya ya. Then broke out in direction of trend taking all the trend suckers in. Made a W formation or a Double bottom. All AUD pairs showed similar action prior and after. Learn to read the buildup. The pdfs i posted in the files section cover this
thanks for the tip, reading it now - 115 pages on stophunts lmao alright

Some of these resources are buried at this point...
but i found it with your guidance

Cheers
its just a script. join the club
  • #10,684
  • Apr 1, 2020 1:39pm Apr 1, 2020 1:39pm
Quoting pamc
Poker looks like some of the aud pairs are at level one and upwards
The AUS/USD looks weak.
Patience, let the trade come to you.
  • #10,685
  • Apr 1, 2020 1:54pm Apr 1, 2020 1:54pm
Quoting PokerChip
{quote} The AUS/USD looks weak.
you may be right there bud, for now, but I am saving my bullets up for a large DXY short at the end of next week. If DXY finishes bullish around or above 103-104 with a momentum move up. my hammers coming out before week close. I dont want any buy USD open or other correlating. expect a real bloodbath over easter.
  • #10,686
  • Apr 1, 2020 2:11pm Apr 1, 2020 2:11pm
Quoting pamc
{quote} you may be right there bud, for now, but I am saving my bullets up for a large DXY short at the end of next week. If DXY finishes bullish around or above 103-104 with a momentum move up. my hammers coming out before week close. I dont want any buy USD open or other correlating. expect a real bloodbath over easter.
I'm waiting for oil to move lower to $5-$8 per bbl.

Then I'm going to buy 2021 April options.
Patience, let the trade come to you.
  • #10,687
  • Apr 1, 2020 2:27pm Apr 1, 2020 2:27pm
Quoting prozor7
{quote} EURGBP - update TP reach long
EURGBP - update
close long
GBP is getting stronger
Forex can only be understood backwards, but it must be traded forwards.
  • #10,688
  • Apr 1, 2020 2:36pm Apr 1, 2020 2:36pm
Quoting prozor7
{quote} CHFJPY - update long TP 112.306
CHFJPY - update
watching 110.750 as support line
closing above 111.094 should confirm long
Forex can only be understood backwards, but it must be traded forwards.
  • #10,689
  • Apr 1, 2020 2:36pm Apr 1, 2020 2:36pm
Quoting PokerChip
{quote} I'm waiting for oil to move lower to $5-$8 per bbl. Then I'm going to buy 2021 April options.
got my eye on that too. patiently
  • #10,690
  • Apr 1, 2020 3:44pm Apr 1, 2020 3:44pm
I'll be back
see you in the morning
good night
Forex can only be understood backwards, but it must be traded forwards.
  • #10,691
  • Edited 4:48pm Apr 1, 2020 4:26pm | Edited 4:48pm
Anyone fancy explaining these candle shenanigans to a relative newbie?
Got me dumbfounded...Dirty play I say?

Couldn't even catch them, as the spread widened to the whole candles
Lucky I was only toying with a demo at the time!

While I'm at it, does anyone have experience or thoughts on Pepper stone UK ?
Many thanks and best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 86 KB
  • #10,692
  • Apr 1, 2020 4:45pm Apr 1, 2020 4:45pm
Quoting priceey
Anyone fancy explaining these candle shenanigans? Pure dirty play I say. Cant even catch them as the spread widens to whole candles Lucky was only toying with demo at the time! {image}
Are you looking at a 1 minute chart? Friend, that won't help you. Look at higher time frames for more reliable trade setups. If no setup, don't trade: that's the best trading position you can take, especially in this volatile nonsensical period.
  • #10,693
  • Apr 1, 2020 4:52pm Apr 1, 2020 4:52pm
Evening Kalahari,
Was using M1 for illustrative purposes, but thank you for the the reply.
Any answers to the Qs?
Best wishes
  • #10,694
  • Apr 1, 2020 5:53pm Apr 1, 2020 5:53pm
Quoting priceey
Anyone fancy explaining these candle shenanigans to a relative newbie? Got me dumbfounded...Dirty play I say? Couldn't even catch them, as the spread widened to the whole candles Lucky I was only toying with a demo at the time! While I'm at it, does anyone have experience or thoughts on Pepper stone UK ? Many thanks and best wishes {image}
You may as well shut down 10 minutes before midnight on the brokers clock and forget about everything for at least an hour before the spreads start to retract. Trading at midnight is an easy way to lose money
  • #10,695
  • Apr 1, 2020 6:09pm Apr 1, 2020 6:09pm
Quoting TraderR0N
{quote} Hi ItRs, Sorry for the wait. Good question. Normally I will have my 3 levels of price to load them back when trend goes against me or I will cut losses and re-enter when time is right. It really depends on the current price action itself. I will have to see how is the movements before I close for a loss or if I think that trend is just a temporary going against me then I will leave it and load them back with my levels. This is how I cope with my money management. Individual I would say. Hope it helps you.
Many thanks for reply and share your thoughts. I understood how you manage your trade in such circumstances.
But want to ask about your levels, are these levels are based on PA or distance based on # of PIPs i.e. from where you execute the next cluster of trades if you analyze the trend is temporarily not inline with you trade?
One more, how about TP, is it also based on any calculation like ATR? Because what I have observed in your previous posts that you even execute trades on different prices within the cluster but all have same TP (most of the time).

Kay
  • #10,696
  • Apr 1, 2020 6:11pm Apr 1, 2020 6:11pm
Quoting pamc
{quote} got my eye on that too. patiently
In 1999 oil bottomed at $10.82 with no coronavirus. The following year 2000 it hit $24.00. And we had a weak economy back then.

We have something like 30% unemployment right now.

I think this will effect the housing market here. All these people here can't pay they're rent or mortgage because they are staying at home.

Sounds like a recipe for a lot of foreclosures.

And usually the Dollar gets stronger when all this happens.

We will see.
Patience, let the trade come to you.
  • #10,697
  • Apr 1, 2020 6:23pm Apr 1, 2020 6:23pm
Quoting ItRs
{quote} Many thanks for reply and share your thoughts. I understood how you manage your trade in such circumstances. But want to ask about your levels, are these levels are based on PA or distance based on # of PIPs i.e. from where you execute the next cluster of trades if you analyze the trend is temporarily not inline with you trade? One more, how about TP, is it also based on any calculation like ATR? Because what I have observed in your previous posts that you even execute trades on different prices within the cluster but all have same TP (most...
The jail break system is based on price action. Use the daily chart for direction only, then the 4 hour chart for the entry.

Once you have a reversal whether it's moving down or up they'll be 3 levels to follow.

These levels are easily seen by the railroad tracks it builds, each level is a trapping point for the market makers.

After the market maker has enough traders trapped while moving up he moves to a higher level. Then the trapped traders close they're trades.

This happens at all 3 levels. After the 3 levels are completed a reversal happens and everything is repeated to the opposite direction.

At the close of the market each day pairs are evaluated to see where the imbalance is at. Then the market maker goes against the higher percentage of imbalance.

I hope this helps you.
Patience, let the trade come to you.
  • #10,698
  • Apr 1, 2020 6:24pm Apr 1, 2020 6:24pm
Are we still waiting for GBP/USD to go north?
  • #10,699
  • Apr 1, 2020 6:31pm Apr 1, 2020 6:31pm
Quoting BenMcKinnon
Are we still waiting for GBP/USD to go north?
maybe next week
  • #10,700
  • Apr 1, 2020 6:52pm Apr 1, 2020 6:52pm
Quoting BenMcKinnon
Are we still waiting for GBP/USD to go north?
Yes sir,

Hang in there, it will happen.
Patience, let the trade come to you.
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