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The Jail Break System

  • #10,901
  • Apr 5, 2020 4:02am Apr 5, 2020 4:02am
[quote=PokerChip;12858062]I hope everyone is having a great weekend at home. I would like to talk about forex trading.

Excellent post PC.
we have your boxes ( jail) and we have the breakout to the next level (jail).
i still reckon you can get to these levels by hitting the daily range or/and using them as a big clue.
Just saying as it may help people who go into a negative trade, until the continuation of profit.
Trade well,,Take Care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,902
  • Apr 5, 2020 4:50am Apr 5, 2020 4:50am
So when i am chasing the Daily Range, and perhaps this is where i might be heading up to the next Jail Box????? lets see.

First, forget about the Sunday Range,. (but if it is within Friday range it is ok)
i calculate my Average Daily Range using the previous 5 days daily range,
Attached Image

Lets add some history to these 5daily candles
Attached Image

So last Monday 30th to Fri 3rd,we have daily ranges of 150-230-109-127-191,
Add them all together 150+230+109+127+191 =867..Now divide by 5, 867/5=173

Monday ADR = 173
Lets add this adr 173 to the chart. A =173 range.
Attached Image
.

If on Monday Price moves up from Fri close ,it should go to 12420area, (hope it does)(chart above.
Or if it drops from Fri close, adr low is 12100 area.
Attached Image


This is what i will be looking at, this is how i fix failed trades.
ADR, IT DOESNT HAVE TO GO 173 POINTS, IT MIGHT BE MORE,IT MIGHT BE LESS.
After Monday open i will add the 00-00 4 hour range,this is a great help.
Trade well all, KEEP SAFE.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,903
  • Apr 5, 2020 5:09am Apr 5, 2020 5:09am
Quoting PokerChip
I hope everyone is having a great weekend at home. I would like to talk about forex trading, and taking advantage on what the market maker gives us. In this discussion I'm going to talk about the only way I trade forex. And I want traders to ask questions if they don't understand. I trade mostly the GBP pairs (the pound). The reason that I trade these pairs is because they are very volatile and have explosive moves when they move. And most of the time these pairs don't trade in range. They move freely usually 1,000-2,000 up or down. I'll wait until...
Morning PokerChip thanks for the great post please can you tell me what charts broker quotes or similar you use as I have not been able to find a similar chart anywhere i use Oando on TE and IC markets thanks
  • #10,904
  • Apr 5, 2020 10:28am Apr 5, 2020 10:28am
Quoting digitol
{quote} Morning PokerChip thanks for the great post please can you tell me what charts broker quotes or similar you use as I have not been able to find a similar chart anywhere i use Oando on TE and IC markets thanks
if you lookat your IC markets mt4, in the top left hand corner , there is a tiny arrow.click on it and it will open the quotes tab, click again on it to close it.
  • #10,905
  • Apr 5, 2020 11:00am Apr 5, 2020 11:00am
Quoting billytt
This is what i will be looking at, this is how i fix failed trades.
Hi billy, nice explanation of your ADR usage, thank you. Can you go into a little more depth on how using this method helps you fix failed trades?
  • #10,906
  • Apr 5, 2020 11:13am Apr 5, 2020 11:13am
Reversal time for EUR/GBP?
Attached Image
  • #10,907
  • Apr 5, 2020 11:32am Apr 5, 2020 11:32am
Quoting pamc
{quote} if you lookat your IC markets mt4, in the top left hand corner , there is a tiny arrow.click on it and it will open the quotes tab, click again on it to close it.
thanks pamc what I mean is that the candlestick formations on PC's chart are so different to mine or anywhere I look, please let me know where to find the same if possible
  • #10,908
  • Apr 5, 2020 11:39am Apr 5, 2020 11:39am
Quoting digitol
{quote} thanks pamc what I mean is that the candlestick formations on PC's chart are so different to mine or anywhere I look, please let me know where to find the same if possible
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2020-04-05 173849.png Size: 5 KB
  • #10,909
  • Apr 5, 2020 11:47am Apr 5, 2020 11:47am
Quoting VicarPhilip
{quote}Hi billy, nice explanation of your ADR usage, thank you. Can you go into a little more depth on how using this method helps you fix failed trades?
Hi V,
We have a fail , we then want to be on the side of the daily range. The range consisting of many pips, especially early in the day. We can have several fails yet still win,. Because the range has pips. OK we have the odd day we may have a very low range, it can/does happen but rare.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,910
  • Apr 5, 2020 12:58pm Apr 5, 2020 12:58pm
Quoting digitol
{quote} {image}
Hi D. My IC Markets is same as your chart. Different brokers, different aggregated price feed, different spreads at specific times affects the wicks and candle. I wouldnt fret about it. Just watch out not to trade when wide spreads.
  • #10,911
  • Apr 5, 2020 1:03pm Apr 5, 2020 1:03pm
Quoting digitol
{quote} Morning PokerChip thanks for the great post please can you tell me what charts broker quotes or similar you use as I have not been able to find a similar chart anywhere i use Oando on TE and IC markets thanks
Digitol,
Thanks for the question I use Tradersway. All of these charts that I post here are from Tradersway. Not all forex brokers are created equal. Some have spreads that are so wide it should be a crime.

It takes about one week to get signed up with them.

Stay Safe

Trade Safe
Patience, let the trade come to you.
  • #10,912
  • Apr 5, 2020 1:05pm Apr 5, 2020 1:05pm
Quoting pamc
{quote} Hi D. My IC Markets is same as your chart. Different brokers, different aggregated price feed, different spreads at specific times affects the wicks and candle. I wouldnt fret about it. Just watch out not to trade when wide spreads.
Good afternoon PAMC

Hope your staying safe at home.
Patience, let the trade come to you.
  • #10,913
  • Apr 5, 2020 1:07pm Apr 5, 2020 1:07pm
Quoting VicarPhilip
Reversal time for EUR/GBP? {image}
Good looking chart, you're there.

A clean chart is so much easier to work with.

Stay Safe.

Back and arms today.
Patience, let the trade come to you.
  • #10,914
  • Apr 5, 2020 1:13pm Apr 5, 2020 1:13pm
Quoting PokerChip
{quote} Good afternoon PAMC Hope your staying safe at home.
Hi mate . good and safe. nice sunny 10c today in Riga, Latvia. Spent weekend clearing, redesigning and landscaping garden. loads to do.
  • #10,915
  • Apr 5, 2020 1:20pm Apr 5, 2020 1:20pm
Quoting PokerChip
{quote} Good looking chart, you're there. A clean chart is so much easier to work with. Stay Safe. Back and arms today.
Excellent, thanks PC! Yep I just had the inaugural home workout... upper body. Don't have a squat rack tho so could be interesting when leg day gets here. Bought 65 lb dumbbells so can squat with those for now.
  • #10,916
  • Apr 5, 2020 1:51pm Apr 5, 2020 1:51pm
Quoting PokerChip
{quote} Digitol, Thanks for the question I use Tradersway. All of these charts that I post here are from Tradersway. Not all forex brokers are created equal. Some have spreads that are so wide it should be a crime. It takes about one week to get signed up with them. Stay Safe Trade Safe
Hi PokerChip thats great thank you I will check them out I was doing research and found that the daily weekly and month charts give your jailbreak an excellent
trading system thanks again green pips tight lines,
  • #10,917
  • Apr 5, 2020 2:08pm Apr 5, 2020 2:08pm
Quoting pamc
{quote} Hi mate . good and safe. nice sunny 10c today in Riga, Latvia. Spent weekend clearing, redesigning and landscaping garden. loads to do.
54 F degrees here in the Midwest.

2 hours from GBP/USD lift off, lol.
Patience, let the trade come to you.
  • #10,918
  • Apr 5, 2020 2:09pm Apr 5, 2020 2:09pm
Quoting digitol
{quote} Hi PokerChip thats great thank you I will check them out I was doing research and found that the daily weekly and month charts give your jailbreak an excellent trading system thanks again green pips tight lines,
If you can build your margin up, you'll be bullet proof.

You can be as good as trader as anyone, it's all up to you.
Patience, let the trade come to you.
  • #10,919
  • Apr 5, 2020 2:12pm Apr 5, 2020 2:12pm
Quoting VicarPhilip
{quote} Excellent, thanks PC! Yep I just had the inaugural home workout... upper body. Don't have a squat rack tho so could be interesting when leg day gets here. Bought 65 lb dumbbells so can squat with those for now.
You can do lunges ?

I have my wife doing them now.

She wouldn't listen to me 10-20 years ago, now she wants to do them, ha ha.

I don't know anything, lol.
Patience, let the trade come to you.
  • #10,920
  • Apr 5, 2020 2:16pm Apr 5, 2020 2:16pm
[quote=billytt;12858329]
Quoting PokerChip
I hope everyone is having a great weekend at home. I would like to talk about forex trading. Excellent post PC. we have your boxes ( jail) and we have the breakout to the next level (jail). i still reckon you can get to these levels by hitting the daily range or/and using them as a big clue. Just saying as it may help people who go into a negative trade, until the continuation of profit. Trade well,,Take Care
Sir Billy, thank you sir. I hope you are having a great weekend in the forest.

If we can get to 1.29 its really off to the races.

I know that's ways off but I think that its possible, hell I think anything is possible.

Stay Safe

Trade Safe as always.
Patience, let the trade come to you.
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