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The Jail Break System

  • #13,401
  • May 28, 2020 7:22pm May 28, 2020 7:22pm
Hello,

I did read through the couple of first pages of this topic and really got I interested in the way of trading you are doing here with the Jail break System as you call it.

I am not so experienced yet and didn’t really understand by the first posts how exactly those blue boxes are drawn in to you charts which you describe as the jailroad tracks.

Its says to wait until „several candles“ started to go horizontal / sideways.

What exactly a several candles are? 2,3,4,5,6 and then how to draw that box? So every time I see a bullish candle followed by a bearish one I draw a box around the high and low of these candles?

And this is done for H1, entering on M15 out of that box while taking H4 as the direction for that potential trade?

Sorry in advance for my newbie question.

Great topic, really impressed already by what i did read so far.
  • #13,402
  • May 29, 2020 1:04am May 29, 2020 1:04am
Hi all. Hope you are all well.
Cable 00-00 4 hour area break.
High broke for +10, as did E/U.
I did not trade e/u as yesterday I made a mistake.
I did fix it though.
Trade Well All.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,403
  • May 29, 2020 1:05am May 29, 2020 1:05am
Quoting lddd
Hello, I did read through the couple of first pages of this topic and really got I interested in the way of trading you are doing here with the Jail break System as you call it. I am not so experienced yet and didn’t really understand by the first posts how exactly those blue boxes are drawn in to you charts which you describe as the jailroad tracks. Its says to wait until „several candles“ started to go horizontal / sideways. What exactly a several candles are? 2,3,4,5,6 and then how to draw that box? So every time I see a bullish candle followed...
Hi iddd, I cannot post charts just yet to show. But I am sure someone will.
And welcome
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,404
  • May 29, 2020 9:07am May 29, 2020 9:07am
EUR/JPY 30 minute chart update.

The pair shows a imbalance, to many sellers now.

The pair will continue to move higher until the imbalance improves.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyi-m30-tw-corp-t6.png Size: 47 KB
Patience, let the trade come to you.
  • #13,405
  • May 29, 2020 9:12am May 29, 2020 9:12am
Hi PC. Hope your well.
I concentrated on Cable today and everything was good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,406
  • May 29, 2020 9:37am May 29, 2020 9:37am
Quoting billytt
{quote} Hi iddd, I cannot post charts just yet to show. But I am sure someone will. And welcome
Allright. Thank you.
  • #13,407
  • May 29, 2020 9:37am May 29, 2020 9:37am
Hi PC
GU: Think we are heading for level 3. What do you think? Have a scout from reversal with very good pips (+repriced on the way), but i intent to hold it for level 3.
/D50
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 74 KB
You cant beat the MM - so join them!!!
  • #13,408
  • May 29, 2020 9:43am May 29, 2020 9:43am
Quoting billytt
Hi PC. Hope your well. I concentrated on Cable today and everything was good.
Good morning Billy, I hope you are well.

GBP/USD is moving higher.
Patience, let the trade come to you.
  • #13,409
  • May 29, 2020 9:45am May 29, 2020 9:45am
Quoting Downey50
Hi PC GU: Think we are heading for level 3. What do you think? Have a scout from reversal with very good pips (+repriced on the way), but i intent to hold it for level 3. /D50 {image}
GBP/USD 30 minute chart update.

Probably will move close to 1.24 before it retraces.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-m30-tw-corp-g6.png Size: 45 KB
Patience, let the trade come to you.
  • #13,410
  • May 29, 2020 12:30pm May 29, 2020 12:30pm
Quoting PokerChip
{quote} GBP/USD 30 minute chart update. Probably will move close to 1.24 before it retraces. {image}
You like the SLC PC? Good tool to have your arsenal. Regarding GU it has been trapped in between the weekly and monthly Pivot points that’s why I believe it been in a range all week
  • #13,411
  • May 29, 2020 12:52pm May 29, 2020 12:52pm
Quoting RieseP
{quote} You like the SLC PC? Good tool to have your arsenal. Regarding GU it has been trapped in between the weekly and monthly Pivot points that’s why I believe it been in a range all week
I needed to make a change. To many pips are up for grabs with this amazing software.
Patience, let the trade come to you.
  • #13,412
  • May 30, 2020 2:23am May 30, 2020 2:23am
Quoting PokerChip
{quote} Good morning Billy, I hope you are well. GBP/USD is moving higher.
Hi PC, all is well here.
i have been having sleepless nights again, when i have been asleep lol.
Years and years ago i vaguely knew a guy who could just enter a trade randomly and trade it good (if it failed). and from what i saw he could.
I also had some info off a site and this too is now lost.

I can and do trade a Fail good, BUT,,,, off a specific bar/candle.
My sleepless nights thoughts are,,, i want to do it off any bar,

If some other person said that to me or posted it, i would say " Thats bollox"
BUT,,,, when i have an idea, i pursue it and am normally correct.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,413
  • May 30, 2020 7:05pm May 30, 2020 7:05pm
Quoting billytt
Cable, i wont it to go up for PC. 1 hour chart copied a few minutes ago. {image} X broke the low of the preceding 2 hour range ( 2x1 hour candle). It dropped a few then retraced up, we can still short it, as a retrace trade. Just saying. lol t 13-46
May I ask what are those 2 black lines at the end of the chart
  • #13,414
  • May 31, 2020 1:58am May 31, 2020 1:58am
Quoting failinforex
{quote} May I ask what are those 2 black lines at the end of the chart
Hi F, hope you are well.
The 2 black lines are the adr High/Low area markers. adr = Average Daily Range.
They are adjusted /placed at the highest and lowest price of the day.
Ask questions and i will gladly answer.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,415
  • May 31, 2020 4:52am May 31, 2020 4:52am
Quoting billytt
{quote} Hi F, hope you are well. The 2 black lines are the adr High/Low area markers. adr = Average Daily Range. They are adjusted /placed at the highest and lowest price of the day. Ask questions and i will gladly answer.
The common setting for daily range is 20, is there a reason why you set it to 5.
So on GMT00:00 H4 you set the high and low and you trade it on GMT08:00 M15 in the direction of the high and low of H4 or even H2. Is there a mathematical relation of this H4 High and Low with the ADR at play.
  • #13,416
  • May 31, 2020 7:05am May 31, 2020 7:05am
Quoting failinforex
{quote} The common setting for daily range is 20, is there a reason why you set it to 5. So on GMT00:00 H4 you set the high and low and you trade it on GMT08:00 M15 in the direction of the high and low of H4 or even H2. Is there a mathematical relation of this H4 High and Low with the ADR at play.
Don't always believe what the majority post. 90% lose.
I find 5 day Adr is far better for my method than 20 day. Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,417
  • May 31, 2020 7:10am May 31, 2020 7:10am
Quoting billytt
{quote} Don't always believe what the majority post. 90% lose. I find 5 day Adr is far better for my method than 20 day. Trade well
noted with thanks
  • #13,418
  • May 31, 2020 9:05am May 31, 2020 9:05am
Hi PC

Been looking at the GBPCAD chart and done some analysis (not 100% if I've been able to upload a screenshot of the chart - i've tried to add it) - could you be kind enough to confirm if I have the levels marked correctly.

Am I correct in thinking the box drawn in the 1.6864 is a "reversal" and the pair is currently going up to level 1?

Thanks
Spider
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 122 KB
  • #13,419
  • May 31, 2020 9:17am May 31, 2020 9:17am
Hi PC

For the EURJPY chart (H4 TF) below - I believe it hasn't yet reached level 3 but possibly we can expect it to reach level 3/reverse soon (around the 120.24-120.50 region)?


I'm still learning the JB system. Interested in your thoughts and guidance?

Thanks
Spider
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 126 KB
  • #13,420
  • May 31, 2020 6:53pm May 31, 2020 6:53pm
Quoting billytt
{quote} Hi PC, all is well here. i have been having sleepless nights again, when i have been asleep lol. Years and years ago i vaguely knew a guy who could just enter a trade randomly and trade it good (if it failed). and from what i saw he could. I also had some info off a site and this too is now lost. I can and do trade a Fail good, BUT,,,, off a specific bar/candle. My sleepless nights thoughts are,,, i want to do it off any bar, If some other person said that to me or posted it, i would say " Thats bollox" BUT,,,, when i have an idea,...
Hello Billy I hope you are well. and I hope you can get some good sleep.

I think sleepless nights are part of trading.

I know it's part of my trading, I don't think it can be helped.

My mind is always running.
Patience, let the trade come to you.
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