The Jail Break System | Page 604 | Forex Factory

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The Jail Break System

  • #12,061
  • Apr 20, 2020 5:49am Apr 20, 2020 5:49am
Quoting billytt
Cable, 08-00 15 minute bar break. the low broke and failed, High then broke for my +5% and I added a counter which got me a couple of points to take away from my - 15 trade. I also hit the 08-00 2 hour bar high long , and Billy is happy. t 11-18
65 point range so far...I guess something's gotta give one way or the other!
  • #12,062
  • Apr 20, 2020 5:50am Apr 20, 2020 5:50am
Quoting Mucky
{quote} Good morning Billy, what is your low after the low break ? on my chart its 1.24331 my 08-00 15 low is 1.24445 ... maybe I did something wrong :-)
Hi m, Break after 08-00 bar closed was 12446, (2 below trigger).
the low of the 00-00 4 hour bar is/was 12434
Hope that helps
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,063
  • Apr 20, 2020 5:52am Apr 20, 2020 5:52am
Quoting Wellington
{quote} 65 point range so far...I guess something's gotta give one way or the other!
That is what I am playing against off the 2 hour bar.

oik we have 65 range and the adr is 129.
If it is a bad day we get 70 , which I hope it doesn't so lets hunt another 20/30 above 65,, ie 85/95 daily range, that is sensible
t 111-52
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,064
  • Apr 20, 2020 5:59am Apr 20, 2020 5:59am
Quoting billytt
{quote} That is what I am playing against off the 2 hour bar. oik we have 65 range and the adr is 129. If it is a bad day we get 70 , which I hope it doesn't so lets hunt another 20/30 above 65,, ie 85/95 daily range, that is sensible t 111-52
Roger that - makes perfect sense
  • #12,065
  • Apr 20, 2020 6:01am Apr 20, 2020 6:01am
Greetings to all.

My AUD shorts are looking a lot like the Southern Portuguese weather today, grey, cloudy, miserable, a big storm is on the way, but then it should be all sunshine and happiness from there. At least that's what I see anyway.

Whats on everyones watchlist for the up coming day/week??
I assume Billy has been working something exotic, NOKSGD maybe
  • #12,066
  • Apr 20, 2020 6:03am Apr 20, 2020 6:03am
Quoting SidneyMagal
Greetings to all. My AUD shorts are looking a lot like the Southern Portuguese weather today, grey, cloudy, miserable, a big storm is on the way, but then it should be all sunshine and happiness from there. At least that's what I see anyway. Whats on everyones watchlist for the up coming day/week?? I assume Billy has been working something exotic, NOKSGD maybe
I trade cable, and nothing else lol.
trade well, Stay Safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,067
  • Apr 20, 2020 6:04am Apr 20, 2020 6:04am
Thanks alot PokerChip U r Agood man u Start all of this
And TraderR0N u Have A good Heart and Strong Brain i Don't see other comments for u at last 7 or 10 pags i hope u r fine
And pamc For helping Them
I have a suggestion because I am tired of reading many of these pages
To help others understand this amazing method
Video recording explaining this strategy and placing it in the first post
  • #12,068
  • Apr 20, 2020 7:15am Apr 20, 2020 7:15am
Quoting Wellington
{quote} Roger that - makes perfect sense
Hi W, let me try and explain.
We trade a 2 hour bar OR it is 2 x 1 hour .
Attached Image


1+2 = a 2 hour range.
So 1 + 2 is then broken by 3 so we short.
then 2+ 3 = a 2 hour range, this low was broken by 4, so we short.
then 4+ 5 broken by 6 short,
5 + 6 broken by 7 LONG yaaaaaaaay.
hope you follow.
Like you say we are only on 65 points of the daily range. it is now 76
Whip can kill us, these things normally happen after daily range is made and some less volatile pairs.
t 13-15
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,069
  • Apr 20, 2020 7:23am Apr 20, 2020 7:23am
Good morning everyone from the sunny 39 F degrees Midwest, wind is 1 mph from the south south west.

Hopefully everyone had a great weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 44 KB
Patience, let the trade come to you.
  • #12,070
  • Apr 20, 2020 7:23am Apr 20, 2020 7:23am
GU H4
Touch Major Support , Looking for buy
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmH4.png Size: 78 KB
  • #12,071
  • Apr 20, 2020 7:25am Apr 20, 2020 7:25am
Quoting billytt
{quote} Hi W, let me try and explain. We trade a 2 hour bar OR it is 2 x 1 hour . {image} 1+2 = a 2 hour range. So 1 + 2 is then broken by 3 so we short. then 2+ 3 = a 2 hour range, this low was broken by 4, so we short. then 4+ 5 broken by 6 short, 5 + 6 broken by 7 LONG yaaaaaaaay. hope you follow. Like you say we are only on 65 points of the daily range. it is now 76 Whip can kill us, these things normally happen after daily range is made and some less volatile pairs. t 13-15
Thanks Billy! And I assume it's your stats/data that have you looking at the breaks of 2 hr bars (rather than different time frames, tho I know you look at the 00:00 4 hr bar and the 08:00 15 min bar) ?
  • #12,072
  • Apr 20, 2020 7:31am Apr 20, 2020 7:31am
Quoting Wellington
{quote} Thanks Billy! And I assume it's your stats/data that have you looking at the breaks of 2 hr bars (rather than different time frames, tho I know you look at the 00:00 4 hr bar and the 08:00 15 min bar) ?
Excellent question.
When i was trading full time and i had that fancy Pc and software, i had several candles i could work off ALL because of stats....
The 2 hour bar was not one of them.
i say 2 hour bar, it is 2 hour range
it could 1-30 to 3-30 or 1-45 to 2-45.
This 2 hour range i do not enough stats but i do know they are good at this time.

DON'T FORGET, it all starts with a FAIL, or it used to do lol
t 13-31
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,073
  • Apr 20, 2020 7:32am Apr 20, 2020 7:32am
Hi PC, hope you are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,074
  • Apr 20, 2020 7:32am Apr 20, 2020 7:32am
Quoting billytt
{quote} Excellent question. When i was trading full time and i had that fancy Pc and software, i had several candles i could work off ALL because of stats.... The 2 hour bar was not one of them. i say 2 hour bar, it is 2 hour range it could 1-30 to 3-30 or 1-45 to 2-45. This 2 hour range i do not enough stats but i do know they are good at this time. DON'T FORGET, it all starts with a FAIL, or it used to do lol t 13-31
I hear ya - thanks!
  • #12,075
  • Apr 20, 2020 7:32am Apr 20, 2020 7:32am
GBP/CAD 4 hour chart update.

I entered my buy at 1.75389
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadi-h4-tw-corp-g-c.png Size: 41 KB
Patience, let the trade come to you.
  • #12,076
  • Apr 20, 2020 7:34am Apr 20, 2020 7:34am
Morning PC - sunny (but very windy) here in London. About to walk the dog (whilst keeping a safe 2m away from anyone else that has ventured out!)
  • #12,077
  • Apr 20, 2020 7:34am Apr 20, 2020 7:34am
Quoting billytt
Hi PC, hope you are well.
Good morning Billy.

You sound like you are in good spirits today.

Stay Safe.
Patience, let the trade come to you.
  • #12,078
  • Apr 20, 2020 7:35am Apr 20, 2020 7:35am
Quoting Wellington
Morning PC - sunny (but very windy) here in London. About to walk the dog (whilst keeping a safe 2m away from anyone else that has ventured out!)
you dont have a dog lol woof
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,079
  • Apr 20, 2020 7:36am Apr 20, 2020 7:36am
Quoting Wellington
Morning PC - sunny (but very windy) here in London. About to walk the dog (whilst keeping a safe 2m away from anyone else that has ventured out!)
Good morning Well's, stay safe walking the dog.

Trade Well.
Patience, let the trade come to you.
  • #12,080
  • Apr 20, 2020 7:36am Apr 20, 2020 7:36am
Quoting PokerChip
{quote} Good morning Billy. You sound like you are in good spirits today. Stay Safe.

gf is back, plus i have been thieving off forex lol, i had a fail but fixed it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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