The Jail Break System | Page 583 | Forex Factory

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The Jail Break System

  • #11,641
  • Apr 14, 2020 9:26am Apr 14, 2020 9:26am
Quoting PokerChip
Just closed my GBP/USD trade at 1.26000 Mission accomplished.
Thanks for all the advice on this pair, I too cashed out green and smarter for the experience thanks to many in this chat

Question about that EURUSD chart, how do you plot the level 2 from there and how valid is the trade from there? I noted all that raise above the box and drop back into and thought maybe it didn't really fit into a trend so was best left alone
  • #11,642
  • Apr 14, 2020 9:26am Apr 14, 2020 9:26am
Quoting VicarPhilip
{quote} And PC trust me as I type this with burnt fingers... I won't be trading it until its direction is clear! lol
hi vp and pc
i am hanging in it man .
Gannicus killer
  • #11,643
  • Apr 14, 2020 9:29am Apr 14, 2020 9:29am
Quoting SidneyMagal
{quote} Thanks for all the advice on this pair, I too cashed out green and smarter for the experience thanks to many in this chat Question about that EURUSD chart, how do you plot the level 2 from there and how valid is the trade from there? I noted all that raise above the box and drop back into and thought maybe it didn't really fit into a trend so was best left alone
Same I wouldn’t expect that to meet criteria. I think it’s a art in itself to identify a box.
  • #11,644
  • Apr 14, 2020 9:36am Apr 14, 2020 9:36am
Quoting RickMTB
{quote} Thank you PC!! Great advice as always! In PC we trust! Looking for next entry once lvl3 shows it’s face I presume?
You're welcome sir.
Patience, let the trade come to you.
  • #11,645
  • Apr 14, 2020 9:40am Apr 14, 2020 9:40am
Quoting SidneyMagal
{quote} Thanks for all the advice on this pair, I too cashed out green and smarter for the experience thanks to many in this chat Question about that EURUSD chart, how do you plot the level 2 from there and how valid is the trade from there? I noted all that raise above the box and drop back into and thought maybe it didn't really fit into a trend so was best left alone
You're welcome sir.

I don't trade the EUR/USD or EUR/GBP these pairs will not work with the jail break system.

I truly believe that who ever the account managers are for these pairs are crazy nuts.

I mean look at these patterns that they leave. Who does that ?

I wouldn't have any idea where to place the 2nd level at. Where I placed it, it would be wrong.
Patience, let the trade come to you.
  • #11,646
  • Apr 14, 2020 9:43am Apr 14, 2020 9:43am
Quoting RieseP
{quote} Same I wouldn’t expect that to meet criteria. I think it’s a art in itself to identify a box.
Keep drawing the boxes on your charts and you'll get there.

It will be worth it in the end, I promise you that.

Once you learn it, you'll never forget it.
Patience, let the trade come to you.
  • #11,647
  • Apr 14, 2020 9:44am Apr 14, 2020 9:44am
Quoting gill1988
{quote} hi vp and pc i am hanging in it man .
That's good, you'll get there soon enough.
Patience, let the trade come to you.
  • #11,648
  • Apr 14, 2020 9:50am Apr 14, 2020 9:50am
Quoting PokerChip
{quote} We will see, I hope you are right, as always.
Attached Image


we still have a few hours, your area was hit 12600 and we made to within 15 points of the adr.
I was not involved with any daily range hunting today.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,649
  • Apr 14, 2020 9:58am Apr 14, 2020 9:58am
Quoting SidneyMagal
{quote} Thanks for all the advice on this pair, I too cashed out green and smarter for the experience thanks to many in this chat Question about that EURUSD chart, how do you plot the level 2 from there and how valid is the trade from there? I noted all that raise above the box and drop back into and thought maybe it didn't really fit into a trend so was best left alone
EUR/USD is weird. I think the 3rd level often transitions into level 1 on reversals. Levels are also smaller on this chart and sometimes i swear it'll only do two levels.
And right now its largely consolidating so the reversals aren't as pointed

Heres my chart. Little different than PCs
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 39 KB
its just a script. join the club
  • #11,650
  • Apr 14, 2020 9:59am Apr 14, 2020 9:59am
Quoting billytt
{quote} {image} we still have a few hours, your area was hit 12600 and we made to within 15 points of the adr. I was not involved with any daily range hunting today.
The Discipline Trader
Patience, let the trade come to you.
  • #11,651
  • Apr 14, 2020 9:59am Apr 14, 2020 9:59am
Quoting PokerChip
Good morning everyone.
good day PC and all
Forex can only be understood backwards, but it must be traded forwards.
  • #11,652
  • Apr 14, 2020 10:00am Apr 14, 2020 10:00am
Quoting Dzap
{quote} EUR/USD is weird. I think the 3rd level often transitions into level 1 on reversals. Levels are also smaller on this chart and sometimes i swear it'll only do two levels. And right now its largely consolidating so the reversals aren't as pointed Heres my chart. Little different than PCs {image}
Better looking chart than my chart.

I wish you a lot of luck.
Patience, let the trade come to you.
  • #11,653
  • Apr 14, 2020 10:01am Apr 14, 2020 10:01am
Quoting prozor7
{quote} good day PC and all
Good morning Pro7,

Your charts look good as well.

Stay Safe.
Patience, let the trade come to you.
  • #11,654
  • Apr 14, 2020 10:01am Apr 14, 2020 10:01am
GBP CAD BUY,
AUD NZD BUY
EUR CHF sell
am in all these . retail sentiment is extreme the opposite. going to slaughterhouse. if u are in these be cautious
  • #11,655
  • Apr 14, 2020 10:13am Apr 14, 2020 10:13am
Quoting PokerChip
{quote} Better looking chart than my chart. I wish you a lot of luck.
Ha thank you.
I probably should have just taken my exit,
That last white candle just fully retraced just shy of my alert, back to waiting

Dont really care ) GPBUSD paid nicely this morning
its just a script. join the club
  • #11,656
  • Apr 14, 2020 10:16am Apr 14, 2020 10:16am
Quoting pamc
GBP CAD BUY, AUD NZD BUY EUR CHF sell am in all these . retail sentiment is extreme the opposite. going to slaughterhouse. if u are in these be cautious
hi pamc,

be careful with EURCHF around 1.05355 it is major support line
Forex can only be understood backwards, but it must be traded forwards.
  • #11,657
  • Apr 14, 2020 10:19am Apr 14, 2020 10:19am
Quoting prozor7
{quote} hi pamc, be careful with EURCHF around 1.05355 it is major support line
thanks P but I don't believe in support res. Purely MM manipulation
  • #11,658
  • Apr 14, 2020 10:33am Apr 14, 2020 10:33am
Quoting pamc
GBP CAD BUY, AUD NZD BUY EUR CHF sell am in all these . retail sentiment is extreme the opposite. going to slaughterhouse. if u are in these be cautious
How much further are you expecting AUDNZD to go?? Ive dipped my toes in the water now we are above the 3rd level of jail break and above the 0.0 on Fib to mark a full retrace of the cycle that started March 4th. Id like to go in heavier, but theres no confirmation of reversal yet
  • #11,659
  • Apr 14, 2020 10:48am Apr 14, 2020 10:48am
Quoting SidneyMagal
{quote} How much further are you expecting AUDNZD to go?? Ive dipped my toes in the water now we are above the 3rd level of jail break and above the 0.0 on Fib to mark a full retrace of the cycle that started March 4th. Id like to go in heavier, but theres no confirmation of reversal yet
imo 1.06100ish, even 1.06880 that's my tp1/2 don't go heavy
I base it on the retail orders above sellingheavy
  • #11,660
  • Apr 14, 2020 11:13am Apr 14, 2020 11:13am
Quoting pamc
{quote} imo 1.06100ish, even 1.06880 that's my tp1/2 don't go heavy I base it on the retail orders above sellingheavy
Thanks, ill stay vigilant for those areas before increasing my stake. I think we will get the reversal on AUDCAD or USD first anyway so that's my priority. Though that is assuming AUD ever slows down at all
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