The Jail Break System | Page 644 | Forex Factory

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The Jail Break System

  • #12,861
  • May 1, 2020 1:17am May 1, 2020 1:17am
Quoting Adams09
{quote} Im stay with you
Good choice , you made profit.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,862
  • May 1, 2020 1:19am May 1, 2020 1:19am
Cable, 08-00. 15 minute bar break.
The low broke ,we had a slight retrace then down for +5%.
That's what it's all about
Trade Well All.
09-19
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,863
  • May 1, 2020 1:55am May 1, 2020 1:55am
Quoting billytt
{quote} Hi K, sorry for late reply. Yes, I trade off the break of the 08-00. 15 minute range. Then I have been playing off the 2 hour bars for something to do. Trade well.
Thank you Billy.

I'm doing a lot of back testing. Any filters (avoid trading days) that you wouldn't mind sharing?
Thank you so much.
  • #12,864
  • Edited 3:06am May 1, 2020 2:04am | Edited 3:06am
Hello,

I am new with the system, not new in forex trading.

I am actually reading all the thread, in page 75 of 322...still a long road to finish it...

And I would like to pose a question regarding AUDNZD...after the huge movement of yesterday I think that it will go down even more and right now I am waiting a retracement to enter

In 1H, would you mark these 3 boxes?, and if it is the case would you expect a reversal and the whole cycle, 3 more areas, in the upside?

I appreciate your comments. Thank you.

Attached Image (click to enlarge)
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  • #12,865
  • May 1, 2020 2:08am May 1, 2020 2:08am
Quoting KompleX
{quote} Thank you Billy. I'm doing a lot of back testing. Any filters (avoid trading days) that you wouldn't mind sharing? Thank you so much.
Hi K, hope you are well.
I do not use filters , Indies nada.
I have my range/area trigger, and I trade it. That simple.
BUT, sometimes I have a feeling and this will stop me trading OR too big a range.
Trade well. Stay Safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,866
  • May 1, 2020 2:09am May 1, 2020 2:09am
Quoting ancapreb
Hello, I am new with the system, not new in forex trading. I am actually reading all the thread, in page 75 of 322...still a long road to finish it... And I would like to pose a question regarding AUDNZD...after the huge movement of yesterday I think that it will go down even more and right now I am waiting a retracement to enter In 1H, would you mark these 3 boxes?, and if it is the case would you expect a retracement and 3 more phases in the upside? I appreciate your comments. Thank you. {image}
Hi A, sorry I cannot help. Stay Safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,867
  • May 1, 2020 2:29am May 1, 2020 2:29am
PAMC, hi bud.
I now realise what Telegram is. I have let PC know, but I need Ron's name for it.
Hopefully see you there.
Can you pm me please. Stay Safe
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,868
  • May 1, 2020 2:30am May 1, 2020 2:30am
For those with FXSSI indicators
Attached Images
  • #12,869
  • May 1, 2020 2:49am May 1, 2020 2:49am
Good morning friends,

Im on Telegram now as well, do we have a group going or are we just talking 1 on 1?

GBPUSD can be ticked off the list after yesterday, happy days
AUDNZD or possibly AUDCAD should be next though Im not expecting it to be today
  • #12,870
  • May 1, 2020 2:51am May 1, 2020 2:51am
Quoting pamc
For those with FXSSI indicators {image} {image}
Got it up and running had few wins yesterday. Today abit slow but due to hit a few targets. Slow day overall.
  • #12,871
  • Edited 4:04am May 1, 2020 3:14am | Edited 4:04am
Quoting pamc
For those with FXSSI indicators {image} {image}
Thank you very much, i have done exactly how you explained, but when i try to put indicator on the chart, nothing happens (yes, i have enabled .dll and copied "libraries" folder in mt4)


Edit: problem solved
  • #12,872
  • May 1, 2020 4:16am May 1, 2020 4:16am
Hi Pamc,

Do you ever hedge your bets? For instance I was like G/U then we had retrace close to second cluster. So I opened a short for a little bit more to offset a loss if need be and re-enter if goes back north to higher cluster.

So far only trade today I had is N\U
  • #12,873
  • May 1, 2020 4:36am May 1, 2020 4:36am
Quoting RieseP
Hi Pamc, Do you ever hedge your bets? For instance I was like G/U then we had retrace close to second cluster. So I opened a short for a little bit more to offset a loss if need be and re-enter if goes back north to higher cluster. So far only trade today I had is N\U
Hi,because i dont use a stop loss, and will hold till it comes back and goes to my TP target, no matter what/when, i hedge when i realise i have been conned and fallen for the fake setup. it happens daily. i take around 30 trades a day. bound to get some wrong daily. So,, in order to minimize damage, i hedge the other way, at between 1.10-2.00 the original. This helps with margin balancing of course showing an overall + on the 2 trades . Then its down to correct timing of when to get out of the second (hedge trade). Bear in mind i may/ probably be taking a ot of scalps targeting stop loss clusters all the way to reversal. Abit complicated for sure. sometimes i lose my control and awareness of everything going on with so many trades. I also trade 3 other systems/blueprints on separate accounts simultaneously so my trading day is stressful to say the least. needs concentration.
hope it helps
  • #12,874
  • May 1, 2020 4:42am May 1, 2020 4:42am
Quoting pamc
{quote} Hi,because i dont use a stop loss, and will hold till it comes back and goes to my TP target, no matter what/when, i hedge when i realise i have been conned and fallen for the fake setup. it happens daily. i take around 30 trades a day. bound to get some wrong daily. So,, in order to minimize damage, i hedge the other way, at between 1.10-2.00 the original. This helps with margin balancing of course showing an overall + on the 2 trades . Then its down to correct timing of when to get out of the second (hedge trade). Bear in mind i may/ probably...
another thing to watch out for when trading the 'target the stoploss method is sometimes price may go extremely close and then do an obvious rejection at a resistance level just prior/ below the slc and retrace or turn down. This is a fake move to induce more sellers and increase the sl volume just above. Price will more often than not return and take out that original SL cluster and newly added ones. u can hammer both ways. watch micro and mcro structure
  • #12,875
  • May 1, 2020 5:21am May 1, 2020 5:21am
Quoting pamc
{quote} Hi,because i dont use a stop loss, and will hold till it comes back and goes to my TP target, no matter what/when, i hedge when i realise i have been conned and fallen for the fake setup. it happens daily. i take around 30 trades a day. bound to get some wrong daily. So,, in order to minimize damage, i hedge the other way, at between 1.10-2.00 the original. This helps with margin balancing of course showing an overall + on the 2 trades . Then its down to correct timing of when to get out of the second (hedge trade). Bear in mind i may/ probably...
what filter would include in your trades that increase your probability. I thinking only take on cluster with 3% plus and trade on the direction of the derivatives
  • #12,876
  • May 1, 2020 5:29am May 1, 2020 5:29am
Hi pamc,
I'm referring to your sentence : in order to minimize damage, i hedge the other way, at between 1.10-2.00 the original. Are you saying that instead of putting a stop loss you will hedge the pair when the loss is between $1.10 - $2.00?
  • #12,877
  • May 1, 2020 5:33am May 1, 2020 5:33am
It looks like GU finally reversed. But i don't want to sing victory too soon
  • #12,878
  • May 1, 2020 6:14am May 1, 2020 6:14am
Quoting RieseP
{quote} what filter would include in your trades that increase your probability. I thinking only take on cluster with 3% plus and trade on the direction of the derivatives

when trading clusters, its a combi of market orders clusters, sl clusters and profit ratios. but once its clear which direction i add size to the next sl cluster and so on.
  • #12,879
  • May 1, 2020 6:15am May 1, 2020 6:15am
Quoting Corinna
Hi pamc, I'm referring to your sentence : in order to minimize damage, i hedge the other way, at between 1.10-2.00 the original. Are you saying that instead of putting a stop loss you will hedge the pair when the loss is between $1.10 - $2.00?
multiple of original. but thats my choice
  • #12,880
  • May 1, 2020 6:16am May 1, 2020 6:16am
Quoting pamc
{quote} when trading clusters, its a combi of market orders clusters, sl clusters and profit ratios. but once its clear which direction i add size to the next sl cluster and so on.

Hello pamc. How is the situation on GBPUSD? I' ve closed it because i think they' ve cleared SL down watching h1 and i feel like now they're ready to drive price up
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