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The Jail Break System

  • #13,041
  • May 18, 2020 12:53pm May 18, 2020 12:53pm
Quoting spider123
{quote} Hi Billy, thanks for getting back to me. Your explanation makes sense. In the example, when you say you can make 80 pips minus the 00-00 range, for example (if adr is 120). Generally, how would you determine the direction? What I mean is how would you decide whether to (long/short) in order to gain those 80 pips, if that makes sense. Thanks, Spider
the posts show, i trade the break, which ever comes first high or low..

IF the adr is 120 and the 00-00 4 hour range is 40.

Because we trade the break , The 00-00 candle range is excluded from the adr rANGE.

Soooooo adr 120 minus 00-00 range 40 = 80
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,042
  • May 18, 2020 12:55pm May 18, 2020 12:55pm
Quoting billytt
PC, only 18 hours late lol Todays Cable adr. adr = 124 00-00 candle opened at 12091. We place the 2 124 range lines at open price, one for High area and one for Low area. {image} we then wait for 4 hour candle to close. High was 12115,,,, and Low was 12079. {image}. The High was broken on the 3rd candle NOT 2ND Marked X {image} the 3rd candle broke high and retraced approx 15 then up it went. 3638854 Today was perfect, BUT not as easy as it looks. The first break triggers and we do not know how far it will go BECAUSE IT MIGHT RETRACE DOWN. we look...
Thank you Billy you're the post.

I really like the ADR that you use.

Very practical and very profitable.
Patience, let the trade come to you.
  • #13,043
  • May 18, 2020 1:02pm May 18, 2020 1:02pm
EUR/JPY 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyi-h4-tw-corp-ej-3.png Size: 51 KB
Patience, let the trade come to you.
  • #13,044
  • May 18, 2020 1:17pm May 18, 2020 1:17pm
USD/CAD 4 hour chart.

Just below the 2nd level.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadi-h4-tw-corp-uc-2.png Size: 57 KB
Patience, let the trade come to you.
  • #13,045
  • May 18, 2020 1:19pm May 18, 2020 1:19pm
Quoting PokerChip
{quote} Thank you Billy you're the post. I really like the ADR that you use. Very practical and very profitable.
every pair has a daily range,.
some are more direct, some tend to whip (which we dont want)

with a decent adr and a decent 00-00 range , we can actually afford to take a loss.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,046
  • May 18, 2020 3:24pm May 18, 2020 3:24pm
Quoting billytt
{quote} every pair has a daily range,. some are more direct, some tend to whip (which we dont want) with a decent adr and a decent 00-00 range , we can actually afford to take a loss.
It is a amazing tool. I'm going to use it from now on.

I thank you for showing me the way to the ADR.
Patience, let the trade come to you.
  • #13,047
  • May 18, 2020 3:37pm May 18, 2020 3:37pm
Quoting PokerChip
USD/CAD 4 hour chart. Just below the 2nd level. {image}
HI PC,

what is the small red hash/star
marks on your shorts?
  • #13,048
  • May 18, 2020 3:47pm May 18, 2020 3:47pm
EUR/USD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdi-h4-tw-corp-eu-2.png Size: 58 KB
Patience, let the trade come to you.
  • #13,049
  • May 18, 2020 3:49pm May 18, 2020 3:49pm
Quoting RieseP
{quote} HI PC, what is the small red hash/star marks on your shorts?
Those red stars are support areas.
Patience, let the trade come to you.
  • #13,050
  • May 18, 2020 3:56pm May 18, 2020 3:56pm
Welcome back Poker Chip
  • #13,051
  • May 18, 2020 3:57pm May 18, 2020 3:57pm
Quoting cdk1212
Welcome back Poker Chip
Thank you very much.

Good to be back.
Patience, let the trade come to you.
  • #13,052
  • May 18, 2020 4:10pm May 18, 2020 4:10pm
EUR/AUD daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudi-d1-tw-corp-ea.png Size: 48 KB
Patience, let the trade come to you.
  • #13,053
  • May 18, 2020 5:01pm May 18, 2020 5:01pm
EUR/GBP - Forming towards the third phase?

GBP/USD - Still waiting for the first phase but it did fall into my other setup where it hit supply and sharply fell back (unfortunately I missed it at the time).

GBP/JPY - Perhaps this pair has formed phase 1? It also hit the supply zone and sharply fell down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w1.png Size: 203 KB
Click to Enlarge Name: w2.png Size: 159 KB
Click to Enlarge Name: w3.png Size: 146 KB
  • #13,054
  • May 18, 2020 5:06pm May 18, 2020 5:06pm
Quoting shrav
EUR/GBP - Forming towards the third phase? GBP/USD - Still waiting for the first phase but it did fall into my other setup where it hit supply and sharply fell back (unfortunately I missed it at the time). GBP/JPY - Perhaps this pair has formed phase 1? It also hit the supply zone and sharply fell down {image} {image} {image}
Hello Shrav,
I don't trade EUR/GBP. The GBP pairs are correct.
Patience, let the trade come to you.
  • #13,055
  • May 18, 2020 5:22pm May 18, 2020 5:22pm
If you want to improve your trading skills, put this TDI indicator on your charts.

Here's how it works: The indicator is surrounded by the Bollinger Band.

Inside is the Stoch indicator, red & green.

When the green line punctures the blue outside Bollinger at the bottom, it's time to buy. I adjusted my bottom line to 23.

When the green line punctures the blue outside Bollinger at the top, it's time to sell. I adjusted my top line to 77.

It will work on any time frame. I use it on the 30 minute.

It will also help you when your using the jail break system.
Attached File(s)
File Type: mq4 TDI Alert Indicator.mq4   42 KB | 320 downloads
Patience, let the trade come to you.
  • #13,056
  • May 18, 2020 5:46pm May 18, 2020 5:46pm
Good to see you back PC
Stay green!!!
  • #13,057
  • May 18, 2020 7:37pm May 18, 2020 7:37pm
Can anyone let me know which post the ADR indi that Billytt uses is attached to pls
  • #13,058
  • May 18, 2020 9:08pm May 18, 2020 9:08pm
Quoting PokerChip
If you want to improve your trading skills, put this TDI indicator on your charts. Here's how it works: The indicator is surrounded by the Bollinger Band. Inside is the Stoch indicator, red & green. When the green line punctures the blue outside Bollinger at the bottom, it's time to buy. I adjusted my bottom line to 23. When the green line punctures the blue outside Bollinger at the top, it's time to sell. I adjusted my top line to 77. It will work on any time frame. I use it on the 30 minute. It will also help you when your using the jail break...
Hi Pokerchip,

Good to see you back here. Wishing you lots of green pips.
  • #13,059
  • May 18, 2020 9:14pm May 18, 2020 9:14pm
Quoting silversurfer
Can anyone let me know which post the ADR indi that Billytt uses is attached to pls
You may note from Billy's post re how he uses the daily range that they are all hand drawn. He would also not appear to be using mt4, if that's the platform you want an indi for. His charts look like IG Markets.
Good Trading
  • #13,060
  • May 18, 2020 10:10pm May 18, 2020 10:10pm
Thx, I assumed from PC's chart that he was using the same indi. Maybe the indi that PC is using then.
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