The Jail Break System | Page 560 | Forex Factory

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Attachments: The Jail Break System
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The Jail Break System

  • #11,181
  • Apr 7, 2020 10:36am Apr 7, 2020 10:36am
Quoting PokerChip
{quote} None taken, lol.
LOL
10% buy 10% sell 80% waiting
  • #11,182
  • Apr 7, 2020 10:41am Apr 7, 2020 10:41am
Quoting PokerChip
{quote} I have attached the daily chart so you can see the 2nd level. Think of the 4 hour chart as a level inside of a level of the daily chart. To keep it simple, use the daily chart for the direction, we know the direction is going higher. Then go to the 4 hour chart and draw the box by measuring the tallest spike candle at the top and the lowest spike candle at the bottom. Then draw the level in between, that's the true level. {image}
I might get this wrong so I don’t want to sound stupid. So mark the high and low of the spike in box area. Wait for price to retrace the box in opposite direction of trend and wait until it pullback into the direction of the trend and enter long/short when price is half way through the jail box

thanks Riese
  • #11,183
  • Apr 7, 2020 10:48am Apr 7, 2020 10:48am
Quoting RieseP
{quote} I might get this wrong so I don’t want to sound stupid. So mark the high and low of the spike in box area. Wait for price to retrace the box and enter long/short when price is half way through the jail box thanks Riese
If you measure the top of the spike down to the bottom tip of the spike, then you divide that by 2. That's your level, and that level needs to be 100 pips thick.
Then draw the level.
Patience, let the trade come to you.
  • #11,184
  • Apr 7, 2020 10:49am Apr 7, 2020 10:49am
AUDJPY and CADJPY good short but patience is needed.

Target for AJ - 66.500 - 66.000.

Target for CJ - 77.500 - 77.000.
10% buy 10% sell 80% waiting
  • #11,185
  • Apr 7, 2020 10:52am Apr 7, 2020 10:52am
Quoting TraderR0N
Current positions I’m holding below. Sold CADJPY at 78.100. Sold AUDJPY at 67.600. Sold GBPUSD at 1.23300. Bought USDCAD at 1.39500. Sold USDJPY at 109.400. Sold GBPJPY at 134.800. Bought EURGBP at 0.87500. Have a good trading week everyone.
All have been locked with profits. Entries are here.
10% buy 10% sell 80% waiting
  • #11,186
  • Apr 7, 2020 11:08am Apr 7, 2020 11:08am
Quoting TraderR0N
AUDJPY and CADJPY good short but patience is needed. Target for AJ - 66.500 - 66.000. Target for CJ - 77.500 - 77.000.
CADJPY I'm waiting all day for 77.516 for long all what I get was 77.598
Forex can only be understood backwards, but it must be traded forwards.
  • #11,187
  • Apr 7, 2020 11:09am Apr 7, 2020 11:09am
Some good information about MM and the 3 levels.
Attached File(s)
File Type: pdf The Market Maker Method.pdf   2.9 MB | 749 downloads
  • #11,188
  • Apr 7, 2020 11:11am Apr 7, 2020 11:11am
Quoting prozor7
{quote} CADJPY I'm waiting all day for 77.516 for long all what I get was 77.598
Nice and indeed it bounce back up...
10% buy 10% sell 80% waiting
  • #11,189
  • Apr 7, 2020 11:15am Apr 7, 2020 11:15am
Quoting jado911
Some good information about MM and the 3 levels. {image}
Hi jado911.

So nice of you. Great I will read it.

Cheers.
10% buy 10% sell 80% waiting
  • #11,190
  • Apr 7, 2020 11:22am Apr 7, 2020 11:22am
Quoting TraderR0N
{quote} Hi jado911. So nice of you. Great I will read it. Cheers.
Any time, thanks for your frequent analysis!
  • #11,191
  • Apr 7, 2020 11:33am Apr 7, 2020 11:33am
Quoting jado911
Some good information about MM and the 3 levels. {image}
That you for posting this file.

Hopefully everyone will read it.
Patience, let the trade come to you.
  • #11,192
  • Apr 7, 2020 11:46am Apr 7, 2020 11:46am
Quoting PokerChip
{quote} That you for posting this file. Hopefully everyone will read it.
Minces in full effect. Have to read a few times, obviously everyone has there own interpretation of trading this system. So its about analysis, finding set-ups and there doing your own due diligence to own your trades and start become more automated the more your beating the markets.

Thanks PC
  • #11,193
  • Apr 7, 2020 11:51am Apr 7, 2020 11:51am
Quoting jado911
{quote} Any time, thanks for your frequent analysis!
You are most welcome.
10% buy 10% sell 80% waiting
  • #11,194
  • Apr 7, 2020 11:53am Apr 7, 2020 11:53am
Good to know.

Real traders quickly admit when they are on the wrong side of a trade and quickly get back in step. Other lose money needing to be right and arguing with reality.

Good night everyone.
See you guys soon.

Happy fishing.
10% buy 10% sell 80% waiting
  • #11,195
  • Apr 7, 2020 11:53am Apr 7, 2020 11:53am
Quoting RieseP
{quote} Minces in full effect. Have to read a few times, obviously everyone has there own interpretation of trading this system. So its about analysis, finding set-ups and there doing your own due diligence to own your trades and start become more automated the more your beating the markets. Thanks PC
I would highly recommend everyone read this file.

This will help every trader that is struggling. It will help good traders to become even better traders.

A mountain of really good information.
Patience, let the trade come to you.
  • #11,196
  • Apr 7, 2020 11:53am Apr 7, 2020 11:53am
Quoting PokerChip
{quote} That you for posting this file. Hopefully everyone will read it.
Hopefully read more than once, no one can truly grasp it all from one pass.
  • #11,197
  • Apr 7, 2020 12:00pm Apr 7, 2020 12:00pm
Quoting jado911
{quote} Hopefully read more than once, no one can truly grasp it all from one pass.
I can't thank you enough for posting this file.

I think once everyone reads this several times it will sink in.

And they will become really good traders.

Once again thank you very much.
Patience, let the trade come to you.
  • #11,198
  • Apr 7, 2020 12:09pm Apr 7, 2020 12:09pm
Quoting jado911
Some good information about MM and the 3 levels. {image}
thx for you contribution
good material for newbies and experience traders
Forex can only be understood backwards, but it must be traded forwards.
  • #11,199
  • Apr 7, 2020 12:11pm Apr 7, 2020 12:11pm
EUR/USD: PC just to double check, I would call this pair "ranging" and not something that works well with Jailbreak. Each cycle is taking about a week, so my inclination if I wanted to trade it would be to go long.
Attached Image
  • #11,200
  • Apr 7, 2020 12:12pm Apr 7, 2020 12:12pm
GBP/USD 4 hour chart update.

At this point on this chart I think the market maker is trapping sellers. The last red candle and the beginning candle right now.

I'm looking for the pair to move up from here.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 40 KB
Patience, let the trade come to you.
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