The Jail Break System | Page 679 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Break Out + Pull Back & Pure Break Outs 59 replies

BB break + trendline break 24 replies

Looking for L > Break High Break Low Indicator 1 reply

A break below - A Break Above Question 1 reply

Attachments: The Jail Break System
Exit Attachments

The Jail Break System

  • #13,561
  • Feb 6, 2021 12:19pm Feb 6, 2021 12:19pm
Quoting 7thTorch
Hello PC, good to see you again.
Hello 7thTorch,

Thank you, it's good to be back.
Patience, let the trade come to you.
  • #13,562
  • Feb 6, 2021 12:20pm Feb 6, 2021 12:20pm
Quoting PokerChip
{quote} The reason I don't consider that a level is because it's between 2 levels, the 2nd and 3rd level. If the 2nd & 3rd levels were not spaced the way they are I would consider it a level. Remember the market maker wants confuse you, and he wants the cash in your account.
So just so I'm clear, as you're watching it form, would you have considered it a third level until some point where you were proven wrong? Or is it simply too close to the second level to consider it as a possibility?
  • #13,563
  • Feb 6, 2021 12:50pm Feb 6, 2021 12:50pm
AUD/USD DAILY CHART WEEKEND UPDATE

This pair is in the process of reversing direction.

I look for the pair to move up in the box to .7709 beginning Sunday to trap buyers.

Okay, a few changes are on this chart.

I use Heiken Ashi candles now because they are more accurate on all time frames. Please read about Heiken Ashi candles, good videos on YouTube.

The Heiken Ashi gives you trend and momentum.

The 34 ema is yellow.

The 200 ema is white.

The 800 ema is green.

The 4,000 ema is black. (Yes 4,000)

The off yellow and light blue lines are on the chart is FXSSI they show sellers (in blue) & (buyers) in the off yellow. Lets say they're more buyers. The market maker is going to make a fake move to the north and trap buyers then quickly push lower (whipsawed) and trapping the buyers.

So when the market opens on Sunday the fake move will be to the north. You want to sell/short at the top after the fake move.

Like I said the market maker will push to the north to around .7709 maybe higher if he has more buyers come in.

Good luck, and trade carefully.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-d1-oanda-division1-a-u-3.png Size: 41 KB
Patience, let the trade come to you.
  • #13,564
  • Feb 7, 2021 8:44am Feb 7, 2021 8:44am
EUR/USD WEEKEND UPDATE

The pair has reversed and is building the 1st level down.

I'm looking for the market maker to push this pair up to 1.21450 to trap buyers.

And then once he has enough buyers trapped he'll move the pair lower.

Remember we are sellers because its moving lower.

That's how the marker traps traders, when traders get whipsawed.

We are now sellers in the EUR/USD.

By the way the reason I like Heiken Ashi candles is because they keep you in trades longer.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1-oanda-division1-e-u-2.png Size: 43 KB
Patience, let the trade come to you.
  • #13,565
  • Feb 7, 2021 2:55pm Feb 7, 2021 2:55pm
USD/JPY WEEKEND UPDATE DAILY CHART

I look for the pair to open lower today (Sunday) because it has buyers trapped above.

The market maker wants to build up it's sellers marked in the blue on the left and close out it's buyers that are in the yellow on the right side at the same time.

Then move higher to the 1st level box that I have highlighted.

I would wait until the sell off is over, then I would be a buyer up to the 1st level.

After the 1st level has been established look for whipsaw action inside the box.

The trading inside the box will last around 25-27 days on the daily chart.

The market maker will push it up in a range from 50-90 pips or more.

The box that I always draw is 125 pips tall.

Good luck trading.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-d1-oanda-division1-u-j.png Size: 46 KB
Patience, let the trade come to you.
  • #13,566
  • Feb 8, 2021 11:08am Feb 8, 2021 11:08am
M15 Chart moving average scalp

If you want a very good scalp tool here it is.

Take these 3 moving averages ema

20 ema fast

100 ema

400 ema

On the 15 minute chart, wait until the 20 ema crosses over the 100 & 400 ema's.

Then make your buy or sell.

The pair will bounce on the 400 ema on the way higher.

And it will drop pretty quick if you sell a pair.

Enjoy this ema tool, it works very well.
Patience, let the trade come to you.
  • #13,567
  • Feb 8, 2021 11:24am Feb 8, 2021 11:24am
Quoting PokerChip
M15 Chart moving average scalp If you want a very good scalp tool here it is. Take these 3 moving averages ema 20 ema fast 100 ema 400 ema On the 15 minute chart, wait until the 20 ema crosses over the 100 & 400 ema's. Then make your buy or sell. The pair will bounce on the 400 ema on the way higher. And it will drop pretty quick if you sell a pair. Enjoy this ema tool, it works very well.
I presume you wait for the crossover and then a retest?
  • #13,568
  • Feb 8, 2021 11:35am Feb 8, 2021 11:35am
Quoting PokerChip
Hello to all. Happy New Years 2021 I'm going to start posting again here everyday to help everyone that wants my help. This coming Sunday (2/7/2021) I look for AUD/USD, AUD/JPY, AUD/CAD, NZD/USD to move lower. These pairs are reversing. I now trade using the Daily chart for my Jail Break System. It's more accurate. On the Daily charts these pairs are at the top of the reversal box and are going to move lower. On the pair USD/CAD this pair is also reversing but is going to move higher. I'll post some charts this weekend so you'll know where these...
Hi PC
Long time no seen.


Good to see you back.
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #13,569
  • Feb 8, 2021 11:45am Feb 8, 2021 11:45am
Quoting BenMcKinnon
{quote} I presume you wait for the crossover and then a retest?
If it's a buy wait for the 20 ema to cross the 100 & 400 ema's, then make your buy.

Normally it bounces off the 400 ema on the way higher.

Pretty easy tool to scalp with.
Patience, let the trade come to you.
  • #13,570
  • Feb 8, 2021 11:46am Feb 8, 2021 11:46am
Quoting Harry6
{quote} Hi PC Long time no seen. Good to see you back.
Thank you Harry, it's good to be back.
Patience, let the trade come to you.
  • #13,571
  • Feb 8, 2021 5:52pm Feb 8, 2021 5:52pm
EUR/USD DAILY CHART UPDATE

The pair is building the 1st level.

I still look for the pair to move higher around 1.20880

Remember the pair is dropping.

You always want to sell above the box, not below the box. That's how you get whipsawed.

Good luck trading.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1-oanda-division1-e-u-2.png Size: 47 KB
Patience, let the trade come to you.
  • #13,572
  • Feb 9, 2021 11:39am Feb 9, 2021 11:39am
I have the pair AUD/CAD on the daily chart as reversing.

The market maker is trapping buyers right now.

I look for this pair to drop after the MM has enough buyers tapped.

Good luck trading.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-d1-oanda-division1-a-c.png Size: 35 KB
Patience, let the trade come to you.
  • #13,573
  • Edited 4:47pm Feb 9, 2021 4:32pm | Edited 4:47pm
Here's the EUR/JPY pair on the 15 minute chart.

This is a ema cross over scalp.

On the daily chart the pair is above the 100 ema, so it's still moving higher.

Always make sure that the cross over of the 20 ema over the 100 ema is always a 12 noon to 2 o'clock cross over, this is very bullish.

Do not take a trade on the cross over that's not a 12 noon to 2 o'clock cross over, that will get into trouble.

Good luck trading.

Note: If you are going to sell a pair, you want that cross over from 4 o'clock to 6 o'clock, don't take the trade if it's not.

And always check on the daily chart to see that the 20 ema is below the 100 ema.

This will make you a good sell trade.

Good luck trading.

Note: Remember when you see railroad tracks that's above the 100 ema that's telling to that change is coming soon. On this chart that's a very bullish sign.

Because it's already above the 100 ema.

If it was below the 100 ema do not take the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m15-oanda-division1-e-j.png Size: 44 KB
Patience, let the trade come to you.
  • #13,574
  • Edited Feb 10, 2021 7:46am Feb 9, 2021 7:07pm | Edited Feb 10, 2021 7:46am
Update on this EUR/JPY 15 minute chart chart trade.

I entered a buy trade at 126.728

Note: When you enter a trade instantly the trade turns against you. Don't panic, seriously.

This is not necessary a bad thing, you know you are losing money.

But here's what is going on. The market maker is juggling the buyers and sellers.

Go back to the 1 minute chart and make sure that the 20 ema is still above the 100 ema.

If the 20 ema is still above the 100 ema you are in great shape. You'll see the flag out the outside right and that means its going to move higher, have patience.

What is going on is the market maker is trying to bring sellers, that's why the price has dropped. Just as soon as he has enough sellers he's going to move the price higher and higher and trap these sellers and most of them will close their trades. Some traders who are stubborn like will not.

Usually the market maker will make 3 runs on the 1 minute chart. Then it's higher from then on until he repeats the process all over again.

On the 1 minute char., He'll run up and then drop down, he'll run up and then drop down, he'll run up and hold it for a 2-3 minutes level then push higher.

The market maker is doing 2 things here. He's bringing sellers into the market and making buyers close they're trades when the trade goes against them. The smart traders stay put because they have seen the show before.

Look on your 1 minute chart and look for the 3 run ups and then the big push higher.

Note: I just closed the trade at 127.863, I entered the buy trade at 126.728 (14 pips).

Al you have to do is wait for the right set up on these ema cross overs, they will be profitable when you see the correct set up.
Patience, let the trade come to you.
  • #13,575
  • Feb 9, 2021 8:49pm Feb 9, 2021 8:49pm
Quoting PokerChip
Update on this USD/JPY 15 minute chart chart trade. I entered a buy trade at 126.728 Note: When you enter a trade instantly the trade turns against you. Don't panic, seriously. This is not necessary a bad thing, you know you are losing money. But here's what is going on. The market maker is juggling the buyers and sellers. Go back to the 1 minute chart and make sure that the 20 ema is still above the 100 ema. If the 20 ema is still above the 100 ema you are in great shape. You'll see the flag out the outside right and that means its going to move...
Good morning PokerChip.

I think you are referring to EURJPY? The price is 126.863 as I type so it is going in the right direction. The 20 over the 100 ema seems to work?

Regards N
  • #13,576
  • Feb 10, 2021 7:48am Feb 10, 2021 7:48am
Quoting Northumbrian
{quote} Good morning PokerChip. I think you are referring to EURJPY? The price is 126.863 as I type so it is going in the right direction. The 20 over the 100 ema seems to work? Regards N
Northumbrian,
You are correct, long days in front of the computer, lol. Thank you for catching that.

Poker Chip
Patience, let the trade come to you.
  • #13,577
  • Edited 8:13am Feb 10, 2021 8:01am | Edited 8:13am
Good morning everyone.

Be careful trading today.

It seems that all the major pairs are trading in a tight range.
Patience, let the trade come to you.
  • #13,578
  • Edited 3:34pm Feb 10, 2021 3:22pm | Edited 3:34pm
EUR/USD DAILY CHART UPDATE

Starting tonight I look for EUR/USD to move lower in the box to about 1.20640

Good luck trading.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1-oanda-division1-e-u.png Size: 45 KB
Patience, let the trade come to you.
  • #13,579
  • Feb 10, 2021 4:26pm Feb 10, 2021 4:26pm
Quoting PokerChip
Good morning everyone. Be careful trading today. It seems that all the major pairs are trading in a tight range.
Yes, small range indeed. Started to sell EU last night (Aus time). Nothing moved..... yet.....
Stay green!!!
  • #13,580
  • Feb 10, 2021 4:37pm Feb 10, 2021 4:37pm
Quoting Froggy
{quote} Yes, small range indeed. Started to sell EU last night (Aus time). Nothing moved..... yet.....
I know it's really strange.

It's like they're expecting something.

I don't know what to make of it.

This when you have to be careful.
Patience, let the trade come to you.
5 traders viewing now