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The Jail Break System

  • #12,781
  • Apr 28, 2020 3:49am Apr 28, 2020 3:49am
BILLY for you
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  • #12,782
  • Apr 28, 2020 3:51am Apr 28, 2020 3:51am
Quoting pamc
BILLY for you {image}
I'm a bit new, but does this chart and data imply a reversal to the downside?
Thank youl
  • #12,783
  • Edited 4:25am Apr 28, 2020 4:14am | Edited 4:25am
AUDUSD M1 - little scalp done

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I'm applying and readapting the jail break concept to small TF. We know after a rally/sell off price stops in a range. I mark the candle where the price stops and we can see price buzzing around it, entering and leaving this range; Often, the price tend to return to the central line of the range, that works like an equilibrium pivot. Basing on this concept we can take sensed scalping trading decisions if we want to stay profitable also in the trap.

Not for weak stomachs

Box drawed watching M5, in the screen always m1:

Attached Image
  • #12,784
  • Apr 28, 2020 4:25am Apr 28, 2020 4:25am
Quoting pamc
BILLY for you {image}
Thank you P.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,785
  • Apr 28, 2020 4:28am Apr 28, 2020 4:28am
Cable Daily Range.

The 00-00 4 hour area high was broken and I was Long getting some of that beautiful Daily Range
I am now out and done.
What next ???
Trade well.
t 10-28
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,786
  • Apr 28, 2020 4:31am Apr 28, 2020 4:31am
[quote=MrGreen95;12905272]AUDUSD M1 - little scalp done {image} I'm applying and readapting the jail break concept to small TF. We know after a rally/sell off price stops in a range. I mark the candle where the price stops and we can see price buzzing around it, entering and leaving this range; Often, the price tend to return to the central line of the range,
Hi Mr G. Hope all is well.
I do believe PC and some of the guys do this already.
That jail break area is really good to I trade. I don't do it though lol.
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,787
  • Apr 28, 2020 4:33am Apr 28, 2020 4:33am
Greeting fellow traders, from very sunny Portugal.

Im seeing a good chance these trades weve been talking about for weeks, GBPUSD long, AUDUSD short, AUDCAD short etc, are finally on the way, but one by one, USD is nosediving right now, that could be GBPUSD ticked off. The only currency its not really getting knocked back by, for the first time in about a month is AUD, maybe its run out of steam? once USD strength returns, probably off a midweek reversal with all the news coming up, I expect that to be AUDUSD done and AUDCAD either just before or after. Stupidly optimistic or excellent trader, let the charts decide!

Edit. USD has done a little worse against AUD than I thought, perhaps its gonna keep marching on after all
  • #12,788
  • Apr 28, 2020 6:00am Apr 28, 2020 6:00am
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  • #12,789
  • Apr 28, 2020 7:20am Apr 28, 2020 7:20am
Waiting to short AU


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  • #12,790
  • Apr 28, 2020 8:08am Apr 28, 2020 8:08am
Hi PC hope you are well.
We had some lift off with Cable. Good for you. I took some , I would if taken some where ever it went lol.
Do it again tomorrow.
Stay Safe
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,791
  • Apr 28, 2020 8:20am Apr 28, 2020 8:20am
Quoting billytt
Hi PC hope you are well. We had some lift off with Cable. Good for you. I took some , I would if taken some where ever it went lol. Do it again tomorrow. Stay Safe
Good morning Billy I hope you are well. I am good sir.

GBP/USD has finally got it's mojo back.
Patience, let the trade come to you.
  • #12,792
  • Apr 28, 2020 8:23am Apr 28, 2020 8:23am
Morning guys - hope everyone is well. Head and shoulder pattern forming on the daily GBPUSD
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  • #12,793
  • Apr 28, 2020 8:25am Apr 28, 2020 8:25am
Quoting Froggy
{quote} An old French saying: Tout vient à ceux qui attendent = Everything comes to those who wait
If you want to be a profitable trader you have to learn to be patient.

Everything else just falls into place.
Patience, let the trade come to you.
  • #12,794
  • Apr 28, 2020 8:29am Apr 28, 2020 8:29am
GBP/USD 4 hour chart update.

I'm not sure how much of a retracement the pair will have so trade safe.

I do think we are moving to the 1.26 neighborhood this week.
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Patience, let the trade come to you.
  • #12,795
  • Edited 9:02am Apr 28, 2020 8:32am | Edited 9:02am
AUD/USD 4 hour chart update.

The reversal is the very best entry, trade safe.

Does everyone see the " M " at the top ?

Market makers make " M " and " W " on reversals.
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Patience, let the trade come to you.
  • #12,796
  • Apr 28, 2020 9:51am Apr 28, 2020 9:51am
I’m still long A/U. I feel it might have final push north to get them stops out..... If I’m wrong I hold on for 6 months
  • #12,797
  • Apr 28, 2020 9:55am Apr 28, 2020 9:55am
AUD/USD 4 hour chart update.

The reversal is getting closer.

Patient
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Patience, let the trade come to you.
  • #12,798
  • Apr 28, 2020 10:06am Apr 28, 2020 10:06am
Quoting billytt
Hi PC hope you are well. We had some lift off with Cable. Good for you. I took some , I would if taken some where ever it went lol. Do it again tomorrow. Stay Safe
Hi Billy - I was wondering, at what point do you decide that a trade has 'failed' ? Also, how long do you let your trades run for and do you use trailing stops or something similar to lock in profits? I know today's example isn't the best the 08:00 15 min bar broke through and went straight up, but what if it had gone up say 2 pips and then returned back to the range? Thanks pal, looking forward to your answers
  • #12,799
  • Apr 28, 2020 10:14am Apr 28, 2020 10:14am
Quoting PokerChip
AUD/USD 4 hour chart update. The reversal is getting closer. Patient {image}
How you identify them jail-boxes to a tee! Sometimes I think this is a box then someone else have box a-bit higher or bit lower.

It be good if there was EA that identified the boxes.
  • #12,800
  • Edited 10:39am Apr 28, 2020 10:19am | Edited 10:39am
Quoting RieseP
{quote} How you identify them jail-boxes to a tee! Sometimes I think this is a box then someone else have box a-bit higher or bit lower. It be good if there was EA that identified the boxes.
The boxes don't have to be perfect.

You just have to be able to identify the levels.

If your entry is at the reversal this is the very best entry. You could stay in the trade until the reversal goes the other direction.
Patience, let the trade come to you.
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