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The Jail Break System

  • #13,241
  • May 20, 2020 11:23am May 20, 2020 11:23am
Quoting pamc
{quote} {image}
A lot of fuel below, moving lower.
Patience, let the trade come to you.
  • #13,242
  • May 20, 2020 11:25am May 20, 2020 11:25am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_260.png Size: 73 KB
  • #13,243
  • May 20, 2020 11:36am May 20, 2020 11:36am
Quoting pamc
{image}
Here's what I have for EUR/JPY 1 hour chart.

Possible move below the 2nd level box.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyi-h1-tw-corp-2e.png Size: 46 KB
Patience, let the trade come to you.
  • #13,244
  • May 20, 2020 11:43am May 20, 2020 11:43am
Hello everyone from sunny Portugal, hope all is well.
Tradings been on the back foot for me this week with other things going on, fortunately they are going a little better than my trades! I cannot believe how AUD pairs are still to this minute climbing. Anyone got any reasoning to think this will continue or are we finally, finally, coming to an end to AUD strength? There cant be that many stops left to take! I look forward to hearing some opinions on this, personally I think they'll be no downside now only long term ranging before possibly further moves up as its now up across the board against pre-coronavirus levels
  • #13,245
  • May 20, 2020 11:51am May 20, 2020 11:51am
Quoting PokerChip
{quote} Hello Shrav, Here's what my chart thinks. Building the 1st level now. {image}
Oh, I see it now. Also turns out I have accidentally marked Reverse as 1

Cheers Brad!
  • #13,246
  • May 20, 2020 12:01pm May 20, 2020 12:01pm
Quoting SidneyMagal
Hello everyone from sunny Portugal, hope all is well. Tradings been on the back foot for me this week with other things going on, fortunately they are going a little better than my trades! I cannot believe how AUD pairs are still to this minute climbing. Anyone got any reasoning to think this will continue or are we finally, finally, coming to an end to AUD strength? There cant be that many stops left to take! I look forward to hearing some opinions on this, personally I think they'll be no downside now only long term ranging before possibly further...
I don't know what's fueling the run up.

I don know that on the 30 minute chart of AUD/JPY it's time to sell right now for me.

See the shark fin in the TDI indicator ? That tells me its a good time to sell.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyi-m30-tw-corp-7h.png Size: 44 KB
Patience, let the trade come to you.
  • #13,247
  • May 20, 2020 12:09pm May 20, 2020 12:09pm
Hi all, i have my charting laptop, yaaaaaaay

Chart below, Is Cable 00-00 4 hour area break.
i am using 1 hour bars , the Box is the 4 hour area R.
Attached Image

we have the 4 hour area, we place the ADR Lines AH & AL on the Highest and Lowest points.
these 2 lines are not exact adr area , just a few points out. But here to show.

Below, as price moves the 2 adr lines are adjusted to show adr
Attached Image



edit, the Low broke for approx 25 , then the High broke for approx 10. we are searching the Daily range, so far today it is another slow day.
The High break only made 10???? But it is the High yaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,248
  • May 20, 2020 12:13pm May 20, 2020 12:13pm
Quoting billytt
Hi all, i have my charting laptop, yaaaaaaay Chart below, Is Cable 00-00 4 hour area break. i am using 1 hour bars , the Box is the 4 hour area R. {image} we have the 4 hour area, we place the ADR Lines AH & AL on the Highest and Lowest points. these 2 lines are not exact adr area , just a few points out. But here to show. Below, as price moves the 2 adr lines are adjusted to show adr {image}
Billy I hope you are well.

So, when the price fails for the high do you sell ?
Patience, let the trade come to you.
  • #13,249
  • May 20, 2020 12:18pm May 20, 2020 12:18pm
Quoting PokerChip
{quote} Billy I hope you are well. So, when the price fails for the high do you sell ?

Hi PC, you say Fail? the High didnt fail, it looks like it will be the actual High, ok 10 points isnt much.
Ok, lets say it did Fail, the low then broke , SHORT IT.
The 00-00 range of 28 plus high 10 = 38. minus that from the adr .
i forget what todays adr is, my 3 3 trade pcs are closed down, lets say 110 adr.

minus 38 from 110 = 72.... we have a potential 72 to play for.
its all numbers.
i want these fails ? to happen so i can show you
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,250
  • May 20, 2020 12:21pm May 20, 2020 12:21pm
Quoting billytt
{quote} Hi PC, you say Fail? the High didnt fail, it looks like it will be the actual High, ok 10 points isnt much. Ok, lets say it did Fail, the low then broke , SHORT IT. The 00-00 range of 28 plus high 10 = 38. minus that from the adr . i forget what todays adr is, my 3 3 trade pcs are closed down, lets say 110 adr. minus 38 from 110 = 72.... we have a potential 72 to play for. its all numbers. i want these fails ? to happen so i can show you
Billy I think you have a amazing forex system.

It's so simple and makes sense at the same time.

I wonder if a EA could be made out of it ?
Patience, let the trade come to you.
  • #13,251
  • May 20, 2020 12:22pm May 20, 2020 12:22pm
Quoting PokerChip
{quote} I don't know what's fueling the run up. I don know that on the 30 minute chart of AUD/JPY it's time to sell right now for me. See the shark fin in the TDI indicator ? That tells me its a good time to sell. {image}

That's a nice indicator, I think I saw it linked a couple pages back, evolulotion is key to survival. Im gonna take a look at it as maybe it can help with my new stratergy of counter trading, I need to build up some equity from the stop hunts/moves up to keep myself in the game right now. You don't seem to be using fractals much anymore?
  • #13,252
  • May 20, 2020 12:25pm May 20, 2020 12:25pm
PC, EJ Jail break
chart below, high arrow, is that the first candle, and the low arrow, is that the low???
Attached Image



edit so far?
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,253
  • May 20, 2020 12:27pm May 20, 2020 12:27pm
Quoting PokerChip
{quote} Billy I think you have a amazing forex system. It's so simple and makes sense at the same time. I wonder if a EA could be made out of it ?
PC, i am not speaking scalping. BUT EVERY TRADE ,EVERY METHOD you will have the adr involved.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,254
  • May 20, 2020 12:32pm May 20, 2020 12:32pm
Quoting billytt
PC, EJ Jail break chart below, high arrow, is that the first candle, and the low arrow, is that the low??? {image} edit so far?
That is so cool to trade this way.

And it works.
Patience, let the trade come to you.
  • #13,255
  • May 20, 2020 12:32pm May 20, 2020 12:32pm
Quoting billytt
{quote} PC, i am not speaking scalping. BUT EVERY TRADE ,EVERY METHOD you will have the adr involved.
Right, the ADR is key.
Patience, let the trade come to you.
  • #13,256
  • May 20, 2020 12:41pm May 20, 2020 12:41pm
Quoting PokerChip
{quote} Right, the ADR is key.
the ADR is an average, i totally dislike averages but the adr and the daily pivot are an exception.

How many times do i post,, on a bad day Cable makes around 70 points/pips.
If we have an 00-00 range of 30/40 points we will have 40/30 points to play for, even with a fail we can gain

DONT FORGET, sometimes the mm will throw out a couple of rapid high/low/high,,, or low/high/low trades to screw us up.
But we can still play the day after, we must stick to the plan.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,257
  • May 20, 2020 12:42pm May 20, 2020 12:42pm
Quoting billytt
{quote} Hi PC, you say Fail? the High didnt fail, it looks like it will be the actual High, ok 10 points isnt much. Ok, lets say it did Fail, the low then broke , SHORT IT. The 00-00 range of 28 plus high 10 = 38. minus that from the adr . i forget what todays adr is, my 3 3 trade pcs are closed down, lets say 110 adr. minus 38 from 110 = 72.... we have a potential 72 to play for. its all numbers. i want these fails ? to happen so i can show you
Hi billy, pc, pamc and all!
Billy... I am also trying to learn your methodology... I hope I can I need more Yaaaaaaay’s in my life
What was the trigger to close the 25 short and the 10 pips long rather than ride it out to potentially gain nearer the ADR?
  • #13,258
  • May 20, 2020 12:50pm May 20, 2020 12:50pm
Quoting billytt
{quote} the ADR is an average, i totally dislike averages but the adr and the daily pivot are an exception. How many times do i post,, on a bad day Cable makes around 70 points/pips. If we have an 00-00 range of 30/40 points we will have 40/30 points to play for, even with a fail we can gain DONT FORGET, sometimes the mm will throw out a couple of rapid high/low/high,,, or low/high/low trades to screw us up. But we can still play the day after, we must stick to the plan.
Yep, we have to always have a plan.

Can't trade with out knowing what were up against.
Patience, let the trade come to you.
  • #13,259
  • May 20, 2020 12:52pm May 20, 2020 12:52pm
Quoting RickMTB
{quote} Hi billy, pc, pamc and all! Billy... I am also trying to learn your methodology... I hope I can I need more Yaaaaaaay’s in my life What was the trigger to close the 25 short and the 10 pips long rather than ride it out to potentially gain nearer the ADR?

Hi R, the first break is always harder to trade because we dont know how far it will travel.
Normally i will hunt half of the 00-00 range, so today i made 15 .(actually i cannot remember) but normally it is half.then close
Then when it breaks the other end i trade again, normally this is the better trade as it is easier, BUT NOT TODAY.
Normally i would just trade the second break or/and first and if it retraces just counter and add a trade....

also ,, but not today, with the second break i add onto a trade and use the money i have made to boost it up.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,260
  • May 20, 2020 12:56pm May 20, 2020 12:56pm
Dont forget guys, i originally used the adr to fix a failed 08-00 15 minute bar trade..
My main trade i want 5 points, and maybe a fail will have a minus 15/30 points,
so i recoup that loss and also make the +5%, with a fail i normally make more.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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