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The Jail Break System

  • #13,221
  • May 20, 2020 9:56am May 20, 2020 9:56am
Quoting PokerChip
{quote} USD/CAD- After he moves down and grabs those sell trades he takes it up, is that about how it works ?
yes mate in a nutshell, but to go deeper, large orders as is thecase there with a lot of sell stops pendings that will be triggered on the way back down and the buy limits triggered on the way up. but all thishappens simultaneously within the fluctuations that can be seen on a 1 min chart. Added value of large stoploss cluster. wow. Fuel and liquidity to be able to go the other way. Depend of course if the volume /avalue of new orders up or down below are increasing as it approaches those current targets
  • #13,222
  • May 20, 2020 10:11am May 20, 2020 10:11am
Quoting PokerChip
{quote} USD/CAD- After he moves down and grabs those sell trades he takes it up, is that about how it works ?

More buy orders were added from below by reversal traders and more valuable stop loss cluster added closer. just doing a dummy up validating support
  • #13,223
  • May 20, 2020 10:13am May 20, 2020 10:13am
Quoting TradeWreck
{quote} I took the aud/usd long to stops. Now in usd/jpy and eur/aud long and aud/usd short. Learning everyday.
That's great.
Patience, let the trade come to you.
  • #13,224
  • May 20, 2020 10:15am May 20, 2020 10:15am
Quoting pamc
{quote} More buy orders were added from below by reversal traders and more valuable stop loss cluster added closer. just doing a dummy up validating support
That makes sense to me.
Patience, let the trade come to you.
  • #13,225
  • May 20, 2020 10:15am May 20, 2020 10:15am
Quoting TradeWreck
{quote} I took the aud/usd long to stops. Now in usd/jpy and eur/aud long and aud/usd short. Learning everyday.
The Aussie news will give the required push I believe for the AUDUSD to reverse and EURAUD to go up, but I think the way orders are added below EURAUD with stops deeper, this has a distance to go down still but timed to Aussi news.
Attached Image (click to enlarge)
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  • #13,226
  • May 20, 2020 10:15am May 20, 2020 10:15am
Quoting pamc
{quote} yes mate in a nutshell, but to go deeper, large orders as is thecase there with a lot of sell stops pendings that will be triggered on the way back down and the buy limits triggered on the way up. but all thishappens simultaneously within the fluctuations that can be seen on a 1 min chart. Added value of large stoploss cluster. wow. Fuel and liquidity to be able to go the other way. Depend of course if the volume /avalue of new orders up or down below are increasing as it approaches those current targets
So, these charts help you make more trades everyday.
Patience, let the trade come to you.
  • #13,227
  • May 20, 2020 10:23am May 20, 2020 10:23am
Quoting PokerChip
{quote} So, these charts help you make more trades everyday.
yes mate, but I target the clusters and get out. move on to the next proper setup. In direction of orders/liquidity, looking out for dummy runs and expecting traps at s & R
  • #13,228
  • May 20, 2020 10:27am May 20, 2020 10:27am
Quoting pamc
{quote} yes mate, but I target the clusters and get out. move on to the next proper setup. In direction of orders/liquidity, looking out for dummy runs and expecting traps at s & R
Compounding pips everyday.
Patience, let the trade come to you.
  • #13,229
  • May 20, 2020 10:29am May 20, 2020 10:29am
Quoting PokerChip
{quote} So, these charts help you make more trades everyday.
We get 12 pairs supported. enough for 20-30 trades daily as and when they come
  • #13,230
  • May 20, 2020 10:47am May 20, 2020 10:47am
Hey guys, hope everyone's well. Just wondered what people's different takes were on risk management: do you set a tp target and just wait until that's hit? do you move your sl to b/e at some stage, or perhaps b/e + a few pips? Do you trail a tp so you always get something out of a trade that goes in your favour etc etc You get the gist - I think this is possibly the hardest part of trading so will be interested to hear what others think. As for me, I still do a mix of all the above
  • #13,231
  • May 20, 2020 10:53am May 20, 2020 10:53am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_258.png Size: 94 KB


so u can see here i targeted this stop loss cluster where price just reached. the next structural low has a SLC below . that 100pips from current position and nothing in the way and adequate pendings to fuel the drop. I may be wrong but that's where I think they are taking this before the rise. And the push past the structural low as an induction to continue the downward trend. suckers....
  • #13,232
  • May 20, 2020 10:56am May 20, 2020 10:56am
Quoting pamc
{quote} We get 12 pairs supported. enough for 20-30 trades daily as and when they come
That is a ton of trades, wow.
Patience, let the trade come to you.
  • #13,233
  • May 20, 2020 10:57am May 20, 2020 10:57am
Quoting Wellington
Hey guys, hope everyone's well. Just wondered what people's different takes were on risk management: do you set a tp target and just wait until that's hit? do you move your sl to b/e at some stage, or perhaps b/e + a few pips? Do you trail a tp so you always get something out of a trade that goes in your favour etc etc You get the gist - I think this is possibly the hardest part of trading so will be interested to hear what others think. As for me, I still do a mix of all the above

Hi Wellington. Good to see you are still here with us. Poker and myself have stated many times we don't use Stop losses in order not to put a target on our backs. As you can see from my charts, that's what I do, with those tools, I target stop losses of other retail traders. Money management for me is diff to most.
  • #13,234
  • May 20, 2020 11:00am May 20, 2020 11:00am
Does my chart for AUD/NZD look right? This pair is currently at phase 3?

Also, not one bit convinced by the decline of Eur/Usd. Seems to me that there is a lot of lots in sell position which MM can take out easily. Still think it will reach 1.1000 or over.
Attached Image (click to enlarge)
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  • #13,235
  • May 20, 2020 11:03am May 20, 2020 11:03am
Quoting Wellington
Hey guys, hope everyone's well. Just wondered what people's different takes were on risk management: do you set a tp target and just wait until that's hit? do you move your sl to b/e at some stage, or perhaps b/e + a few pips? Do you trail a tp so you always get something out of a trade that goes in your favour etc etc You get the gist - I think this is possibly the hardest part of trading so will be interested to hear what others think. As for me, I still do a mix of all the above
I just started trading the 30 minute chart. If I can get 10 pips I will take my profit because I trade higher lots.

I never use a stop loss.

If I trade my jail break system I trade the 4 hour chart and I'll try and trade for 4-8 hours then take my profit.

But, this is how I always get stuck by trading longer periods of time.

Every trade that I have ever been stuck in was on the 1 hour chart or 4 hour chart.
Patience, let the trade come to you.
  • #13,236
  • May 20, 2020 11:04am May 20, 2020 11:04am
Quoting pamc
{quote} Hi Wellington. Good to see you are still here with us. Poker and myself have stated many times we don't use Stop losses in order not to put a target on our backs. As you can see from my charts, that's what I do, with those tools, I target stop losses of other retail traders. Money management for me is diff to most.
Hi Pamc - hope you had a good birthday. Yep, you guys certainly approach things differently. I personally like to take out as much subjectivity as I can - make its stress free and means I know my intended outcome(s) (and potential loss) beforehand
  • #13,237
  • May 20, 2020 11:05am May 20, 2020 11:05am
Quoting PokerChip
{quote} That is a ton of trades, wow.
works for me. sometimes I get into a tiddle going the wrong way but there are always more stop losses around every structure h/l,so i just go in that direction making up for the initial one with slightly higher lotsize until it turns round. Use your own judgement as its your responsibility. This way takes a big bank with healthy margin. Its just that I hate giving these bastards my money. Would not recommend anyone follow my MM. Just be choosy on the trades.
  • #13,238
  • May 20, 2020 11:06am May 20, 2020 11:06am
Quoting PokerChip
{quote} I just started trading the 30 minute chart. If I can get 10 pips I will take my profit because I trade higher lots. I never use a stop loss. If I trade my jail break system I trade the 4 hour chart and I'll try and trade for 4-8 hours then take my profit. But, this is how I always get stuck by trading longer periods of time. Every trade that I have ever been stuck in was on the 1 hour chart or 4 hour chart.
Ah that's interesting - I thought you waited to take profit on jailbreak until the mkt reached the next level? So lets say on a 30 min chart, what do you do if the mkt goes 10 pips against you, or for arguments sake 20 ?
  • #13,239
  • May 20, 2020 11:13am May 20, 2020 11:13am
Quoting shrav
Does my chart for AUD/NZD look right? This pair is currently at phase 3? Also, not one bit convinced by the decline of Eur/Usd. Seems to me that there is a lot of lots in sell position which MM can take out easily. Still think it will reach 1.1000 or over. {image}
Hello Shrav,
Here's what my chart thinks.

Building the 1st level now.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdi-h4-tw-corp-an.png Size: 46 KB
Patience, let the trade come to you.
  • #13,240
  • May 20, 2020 11:20am May 20, 2020 11:20am
Quoting shrav
Does my chart for AUD/NZD look right? This pair is currently at phase 3? Also, not one bit convinced by the decline of Eur/Usd. Seems to me that there is a lot of lots in sell position which MM can take out easily. Still think it will reach 1.1000 or over. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_259.png Size: 71 KB
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