The Jail Break System | Page 664 | Forex Factory

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The Jail Break System

  • #13,261
  • May 20, 2020 10:59am May 20, 2020 10:59am
I just sold AUD/NZD 1.07380

Shark fin punctured the upper Bollinger band.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdi-m30-tw-corp-5r.png Size: 49 KB
Patience, let the trade come to you.
  • #13,262
  • May 20, 2020 11:00am May 20, 2020 11:00am
Short GU

Resistance R38
Below 50/200Ema
Below Kumo Cloud
Below Daily Pivot

Target 1.22050
  • #13,263
  • May 20, 2020 11:10am May 20, 2020 11:10am
Quoting billytt
{quote} 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...
Thanks, I did trade the previous two days according to your method and because I followed my gut I skipped the first break out south and both paid healthily... like you say today is a different story, there is always tomorrow or maybe time today, ADR is way off both ways...
  • #13,264
  • May 20, 2020 11:16am May 20, 2020 11:16am
Quoting billytt
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.
That's pure genius Billy.
Patience, let the trade come to you.
  • #13,265
  • May 20, 2020 11:55am May 20, 2020 11:55am
Quoting RickMTB
{quote} Thanks, I did trade the previous two days according to your method and because I followed my gut I skipped the first break out south and both paid healthily... like you say today is a different story, there is always tomorrow or maybe time today, ADR is way off both ways...
Hi R, thats it, make it your own.

i have traded every combination going.
miss the first break,trade the second. ( if it happens).
As long as you remember , we will have a range???
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,266
  • May 20, 2020 12:29pm May 20, 2020 12:29pm
GBP/USD heading up soon? Thoughts?

Currently, just below phase 1 but it has hit the demand zone in my chart. Therefore I have gone long.

Trade well, everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd demand.png Size: 151 KB
  • #13,267
  • May 20, 2020 1:01pm May 20, 2020 1:01pm
Quoting shrav
GBP/USD heading up soon? Thoughts? Currently, just below phase 1 but it has hit the demand zone in my chart. Therefore I have gone long. Trade well, everyone! {image}
GBP/USD 4 hour chart update.

I think the pair has arrived at the 1st level.

We will see if this is true.

Time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-5t.png Size: 50 KB
Patience, let the trade come to you.
  • #13,268
  • May 20, 2020 1:04pm May 20, 2020 1:04pm
Quoting PokerChip
{quote} GBP/USD 4 hour chart update. I think the pair has arrived at the 1st level. We will see if this is true. Time will tell. {image}
Are you still in any AUD crosses PokerChip?

I installed that TDI indicator btw, thanks

EDIT - not counting AUDNZD!
  • #13,269
  • May 20, 2020 1:15pm May 20, 2020 1:15pm
i cant see gbp/usd is ready to yield to the up side yet..i still think it may fall another 50 pips before it starts to head north..hope you are right and i am wrong..good luck
  • #13,270
  • May 20, 2020 1:38pm May 20, 2020 1:38pm
Quoting chapple
i cant see gbp/usd is ready to yield to the up side yet..i still think it may fall another 50 pips before it starts to head north..hope you are right and i am wrong..good luck

You could be right. The lowest range within the demand zone is 1.2220 ish and if it goes below that level, it's basically a freefall. However, from my experience using S&D system, GBP is pretty reactive to supply and demand zones "usually" lol. The fact that it is going towards the direction of jailbreak system (up), makes me feel a bit relaxed.

Discovering PC's Jailbreak system has been a real blessing to use alongside my other setup haha
  • #13,271
  • May 20, 2020 1:38pm May 20, 2020 1:38pm
Quoting SidneyMagal
{quote} Are you still in any AUD crosses PokerChip? I installed that TDI indicator btw, thanks EDIT - not counting AUDNZD!
I made one sell trade in AUD/JPY on the 30 minute chart for 7 pips today.

I'm still in my AUD/NZD sell trade on the 30 minute chart, I'll close it in about 10 minutes.

Just have to wait for tomorrow and see what the brings.

You'll like the TDI indicator, watch for those shark fin's at the top and the bottom when they touch the Bollinger bands.
Patience, let the trade come to you.
  • #13,272
  • May 20, 2020 1:42pm May 20, 2020 1:42pm
Quoting chapple
i cant see gbp/usd is ready to yield to the up side yet..i still think it may fall another 50 pips before it starts to head north..hope you are right and i am wrong..good luck
Hello Chapple,
I hope it's at the 1st level. It could very well drop 50-60 pips before it decides to move higher.
Patience, let the trade come to you.
  • #13,273
  • May 20, 2020 7:13pm May 20, 2020 7:13pm
I think the !SM_ADR_Marker mt4 indi, posted here a few days ago, works the same/similar to what Billytt is doing.
Good Trading
  • #13,274
  • May 20, 2020 10:49pm May 20, 2020 10:49pm
Hi all, hope you're all well
Cable & E/U I am short off the 00-00 low break
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,275
  • May 20, 2020 10:56pm May 20, 2020 10:56pm
Quoting billytt
Hi all, hope you're all well Cable & E/U I am short off the 00-00 low break
Good Morning Billy and anyone else here today
  • #13,276
  • May 20, 2020 10:57pm May 20, 2020 10:57pm
No Pc for charts yet.
Cable, 00-00 4 hour bar
High=12240......Low= 12192. Range 48.
My ADR is 108....looking for 20/25.
--------------
E/U. 00-00 4. hour bar.
High =10980.... Low =10956. Range 24.
My ADR is 78.... Looking for 10/12
--------
I add charts later. Let's see what happens.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,277
  • May 20, 2020 10:57pm May 20, 2020 10:57pm
Quoting pamc
{quote} Good Morning Billy and anyone else here today
Hi Pamc, hope you and family are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,278
  • May 20, 2020 11:27pm May 20, 2020 11:27pm
good morning to all
nice to see this thread live. been busy lately. here is what we are done; test is on demo:
Attached Image (click to enlarge)
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Forex can only be understood backwards, but it must be traded forwards.
  • #13,279
  • May 20, 2020 11:43pm May 20, 2020 11:43pm
right. lets get started
UJ,
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  • #13,280
  • May 20, 2020 11:46pm May 20, 2020 11:46pm
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