The Jail Break System | Page 634 | Forex Factory

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The Jail Break System

  • #12,661
  • Apr 24, 2020 7:17am Apr 24, 2020 7:17am
Good morning everyone from 48 F degrees in the Midwest, wind 4 mph from the North.

I hope everyone is safe.
Patience, let the trade come to you.
  • #12,662
  • Apr 24, 2020 7:20am Apr 24, 2020 7:20am
Quoting PokerChip
Good morning everyone from 48 F degrees in the Midwest, wind 4 mph from the North. I hope everyone is safe.
good day PC
beautiful spring weather (22°C × 9/5) + 32 = 71.6°F
Forex can only be understood backwards, but it must be traded forwards.
  • #12,663
  • Apr 24, 2020 7:20am Apr 24, 2020 7:20am
GBP/USD 4 hour chart update.
Attached Image (click to enlarge)
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Patience, let the trade come to you.
  • #12,664
  • Apr 24, 2020 7:22am Apr 24, 2020 7:22am
Quoting pamc
{quote} I had 35 years in London, then 25 in Cyprus, but now last 3 years in Riga, Latvia. great beaches along the baltic coast as well as huge and beautiful lakes bordered by woods and forests.
colorful life
Forex can only be understood backwards, but it must be traded forwards.
  • #12,665
  • Apr 24, 2020 7:36am Apr 24, 2020 7:36am
Quoting PokerChip
GBP/USD daily chart update. If there is a slow and steady climb higher then we know were on the right track. Time will tell. Trade Safe {image}
I'm still in the boat with you PC hoping for some better scenery soon
  • #12,666
  • Apr 24, 2020 7:45am Apr 24, 2020 7:45am
Quoting RickMTB
{quote} I'm still in the boat with you PC hoping for some better scenery soon
Glad your still in the trade.

I've learned to be patient.

The market maker has a lot of tools to get a retail trader to close his or her trade. Moving a pair sideways is one of them.

He's hoping traders will just give up from not seeing any movement.
Patience, let the trade come to you.
  • #12,667
  • Apr 24, 2020 7:48am Apr 24, 2020 7:48am
Quoting RickMTB
{quote} I'm still in the boat with you PC hoping for some better scenery soon
Good day to u Poker
  • #12,668
  • Apr 24, 2020 7:52am Apr 24, 2020 7:52am
Hey guys good morning from Portugal

Just whana share a thought...I think USD/JPY is in a train to explode in either direction, lemme post here what i think so u guys can understand what im watching ( i can be totaly wrong xD)

I think in the long term we are reaching a important point where the prices could enter on steroids soon.

Well its my idea can someone share with me some ideas ? ( Iv been on demo lately..i need to improve)

Good trades everybody
Attached Image(s) (click to enlarge)
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  • #12,669
  • Apr 24, 2020 8:11am Apr 24, 2020 8:11am
Quoting pamc
{quote} Good day to u Poker
Good day to you PAMC.

Stay safe
Patience, let the trade come to you.
  • #12,670
  • Apr 24, 2020 8:12am Apr 24, 2020 8:12am
Quoting HBN08
Hey guys good morning from Portugal Just whana share a thought...I think USD/JPY is in a train to explode in either direction, lemme post here what i think so u guys can understand what im watching ( i can be totaly wrong xD) I think in the long term we are reaching a important point where the prices could enter on steroids soon. Well its my idea can someone share with me some ideas ? ( Iv been on demo lately..i need to improve) Good trades everybody {image} {image}
Good looking charts HB
Patience, let the trade come to you.
  • #12,671
  • Apr 24, 2020 8:22am Apr 24, 2020 8:22am
Quoting HBN08
Hey guys good morning from Portugal Just whana share a thought...I think USD/JPY is in a train to explode in either direction, lemme post here what i think so u guys can understand what im watching ( i can be totaly wrong xD) I think in the long term we are reaching a important point where the prices could enter on steroids soon. Well its my idea can someone share with me some ideas ? ( Iv been on demo lately..i need to improve) Good trades everybody {image} {image}
In my opinion this will likely go sideways a couple more days. It needs to fake out upand down to shake off enough of those pendings and previous entries below. This will go further p. The Sell limits above will fuel this, but you need to watch for changes in the orders and also the current profit ratios between buyers. and sellers at any given time. once any side starts going over 30% winners it starts to get a bit painful for the MM and they will try to shake em off usually at a previous significant stop loss cluster area that may also have a pretty balanced order book at that point/level. If its top heavy on the one side or other, then a 20pip shake out will even the odds up better for mm. eg in an up move we have say 40% buyers winning, and approach a previous stop loss cluster above previous supply zone. there are buy stops for continuation there as well as sell limits for reversal down. a couple wriggles up and down on the lower time frame shakes off a fair amount of pending orders after being triggered. Then it reverses if it pays it too. its about the maths
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  • #12,672
  • Apr 24, 2020 8:23am Apr 24, 2020 8:23am
GBPCHF potential sell 1.20339 tight SL

Edit:
if hold 1.21099
Forex can only be understood backwards, but it must be traded forwards.
  • #12,673
  • Apr 24, 2020 8:25am Apr 24, 2020 8:25am
Quoting PokerChip
{quote} Good looking charts HB
Thank you Poker I disided to change the way i trade.. will start to only trade on D/4H/1H i tried to go the 15 mins and outhers but i think the 4H / 1H is the best for me its safer in a way

What you think abou this pair sir?
  • #12,674
  • Apr 24, 2020 8:33am Apr 24, 2020 8:33am
Quoting pamc
{quote} In my opinion this will likely go sideways a couple more days. It needs to fake out upand down to shake off enough of those pendings and previous entries below. This will go further p. The Sell limits above will fuel this, but you need to watch for changes in the orders and also the current profit ratios between buyers. and sellers at any given time. once any side starts going over 30% winners it starts to get a bit painful for the MM and they will try to shake em off usually at a previous significant stop loss cluster area that may also...
Well i stay out of this pair until we get clear sign of what will happen
I would input here in the long term some Fundemental analysis to Sir. but overall i see what you are saying, maybe next wednesday we can se some new things in this pair or longer as you said.
Thanks for the share Pamc

I still have to learn alot

Good trades sir
  • #12,675
  • Apr 24, 2020 8:43am Apr 24, 2020 8:43am
Quoting HBN08
{quote} Well i stay out of this pair until we get clear sign of what will happen I would input here in the long term some Fundemental analysis to Sir. but overall i see what you are saying, maybe next wednesday we can se some new things in this pair or longer as you said. Thanks for the share Pamc I still have to learn alot Good trades sir
slow and steady HBN
  • #12,676
  • Apr 24, 2020 8:49am Apr 24, 2020 8:49am
Quoting pamc
{quote} slow and steady HBN
Yep thats my bad point..in these last 3 months i won some money and i lost becouse i went impatient...thats something i need to control more thats why i think i will trade in demo for another week and play this game slow but accurate
  • #12,677
  • Apr 24, 2020 8:49am Apr 24, 2020 8:49am
Quoting HBN08
{quote} Thank you Poker I disided to change the way i trade.. will start to only trade on D/4H/1H i tried to go the 15 mins and outhers but i think the 4H / 1H is the best for me its safer in a way What you think abou this pair sir?
I think you made the right decision. The 1 hour chart and 4 hour chart is safer way to trade and will teach you to be patient. Using the daily chart for direction will improve your profits a lot. You'll be able to stay in trades for a longer period of time.
Patience, let the trade come to you.
  • #12,678
  • Apr 24, 2020 8:49am Apr 24, 2020 8:49am
I hope this trend line can be broken on GU 2hr TF.
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  • #12,679
  • Apr 24, 2020 8:53am Apr 24, 2020 8:53am
Quoting PokerChip
{quote} I think you made the right decision. The 1 hour chart and 4 hour chart is safer way to trade and will teach you to be patient. Using the daily chart for direction will improve your profits a lot. You'll be able to stay in trades for a longer period of time.
Yes. Im seeing that only after 3 months...i went greedy in this :/ i think it will never get me where i want so i will trade only D/4H/1H and play by my Bias Based on sup/res , price action and the trend i will only play by this
  • #12,680
  • Apr 24, 2020 9:01am Apr 24, 2020 9:01am
Quoting HBN08
{quote} Yes. Im seeing that only after 3 months...i went greedy in this :/ i think it will never get me where i want so i will trade only D/4H/1H and play by my Bias Based on sup/res , price action and the trend i will only play by this
Price action is what makes the jail break system work.

When a pair is ranging the system will not work.

When you see a quick move up or down on the 4 hour chart that is the market maker pushing the pair.

Just make sure that you know the correct direction from the daily chart and you'll be good.
Patience, let the trade come to you.
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