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The Jail Break System

  • #13,701
  • Edited 9:18am Mar 12, 2021 9:02am | Edited 9:18am
Quoting fiveseventen
{quote} Can you elaborate on how you use the candles other than changing from red to green? I'm in an AUDJPY shown in the first pic. As you can see it's stalling at the previous high before the 85.00 level. The second pic is with HA candles. Can you tell me how you'd make use of the HA candles here? {image} {image}
I use the Heiken Ashi candles as a big key to my trading. I'm a unorthodox trader. When I see the daily chart of the AUD/JPY if that last candle is green I quickly go to
the AUD/JPY 15 minute chart. If that candle is green I'm a buyer asap. The quicker that you get into the trade the more profit your going to make.

The reason the AUD/JPY stalled is because the market maker had moved the price down to do 2 things. #1 the market maker needs sellers to come in and sell, this is the fuel for the market maker to keep buying and pushing the price higher. # 2 The market maker is also taking buyers out of the market when he pushes the price lower.

The market maker doesn't want you to make a penny. He wants your account asap.

On your second screen shot, when you see daily candles with wicks on tip that's a strong move north, there is a lot of fuel in the tank.

I would rather be early to the enter the trade than late.

If your late you've lost pips and if your early your going to make more pips.
Patience, let the trade come to you.
  • #13,702
  • Mar 12, 2021 9:06am Mar 12, 2021 9:06am
NZD/USD will finish today above .72000

USD/CAD will finish lower below 1.25000

Today
Patience, let the trade come to you.
  • #13,703
  • Mar 12, 2021 10:13am Mar 12, 2021 10:13am
Note: I think this will help all forex traders.

On the 15 minute chart when a new candle prints the first 3 minutes the candle moves in the correct direction.

On the last 3 minutes the candle moves in the correct direction.

The 9 minutes in between the market maker messes around and tries to confuse traders.

I think this will help confirm the true direction of the pair you like to trade.

I hope all traders read and learn this.
Patience, let the trade come to you.
  • #13,704
  • Edited 10:31am Mar 12, 2021 10:17am | Edited 10:31am
I think USD/CAD is going to move back up to bring in more buyers.

Be careful if you do buy, you could get trapped by this move by the market maker.

I also think the NZD/USD moves higher in the afternoon (my time).

Notice the slow rise and steady direction of NZD/USD, this is another tell of the correct direction.
Patience, let the trade come to you.
  • #13,705
  • Mar 12, 2021 10:47am Mar 12, 2021 10:47am
Note: I the beginning all traders lose, that's a fact.

Then if a trader stays with it long enough he/she stops losing every trade and starts to win some trades, but is still a losing trader.

After about 1-3 years the trader starts of win more than lose.

After 3 years the trader gets trapped but wins the trade at the end of the day 9 out of 10 times.

All traders that stay trading forex have more winning trades than losing trades, the object it to learn the true direction of a pair.

How do you do that ? Answer: Keep trading the same pair day in and day out. Learn the market makers moves and tolerance.

Watch the first 3 minutes of a 15 minute chart, and the last 3 minutes of the 15 minute chart.

These 6 minutes are very important, it can mean the difference of winning and losing a trade.

Before you trade, check the daily chart for the color of the candle, if that candle is green then check the 15 minute candle, if that candle is green it's time to be a buyer.
Patience, let the trade come to you.
  • #13,706
  • Mar 12, 2021 11:34am Mar 12, 2021 11:34am
I have closed my NZD/USD and USD/CAD trades.
Patience, let the trade come to you.
  • #13,707
  • Mar 12, 2021 2:45pm Mar 12, 2021 2:45pm
Next week: I think AUD/USD and NZD/USD will be lower.

I think USD/CAD will be higher.

Have a great weekend.
Patience, let the trade come to you.
  • #13,708
  • Mar 13, 2021 2:46am Mar 13, 2021 2:46am
Pokerchip why do you trade off the 15 minute, rather than the 30 minute?
When you analyse a chart in terms of a long term trend, which chart do you use more frequently to draw your perspective of where price is heading the 4 hour or 1 day.
  • #13,709
  • Mar 13, 2021 9:24am Mar 13, 2021 9:24am
Gbpchf is also a good long. Tp 1.29950
  • #13,710
  • Mar 14, 2021 11:27am Mar 14, 2021 11:27am
Note: The 15 minute candle.

Before I make make my first trade of the day I first check the Daily candle to see what color it is.

If it's red then I'm looking for a red candle on the 15 minute so I can be a seller. So both time frames need to be the same color.

That's how I trade, I always want to trade with the market maker.

Now the 15 minute candle is very interesting to say the least.

If you pay attention to the candle when it prints a new candle it will tell you what the true direction is at the present time.

The first 3 minutes the candle will move in the correct direction, then for the next 9 minutes or so it will move the opposite direction trapping traders.

Then the last 3 minutes it will resume it's normal direction.

I hope you will study the 15 minute candle on your favorite pair that you like to trade, I think this will help you trade better, and lower the stress a bit.
Patience, let the trade come to you.
  • #13,711
  • Mar 14, 2021 11:53am Mar 14, 2021 11:53am
Quoting PokerChip
Note: The 15 minute candle. Before I make make my first trade of the day I first check the Daily candle to see what color it is. If it's red then I'm looking for a red candle on the 15 minute so I can be a seller. So both time frames need to be the same color. That's how I trade, I always want to trade with the market maker. Now the 15 minute candle is very interesting to say the least. If you pay attention to the candle when it prints a new candle it will tell you what the true direction is at the present time. The first 3 minutes the candle will...
10Q
I will surely try this out.
  • #13,712
  • Mar 14, 2021 11:55am Mar 14, 2021 11:55am
I have 2 pairs that I think are worth trading.

GBP/AUD daily chart is telling me that it's going to fall.

CHF/JPY daily chart is telling me that it's going higher.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpaud-d1-oanda-division1-2.png Size: 35 KB
Click to Enlarge Name: chfjpy-d1-oanda-division1-3.png Size: 37 KB
Patience, let the trade come to you.
  • #13,713
  • Mar 14, 2021 12:06pm Mar 14, 2021 12:06pm
USD/CAD

Let me me tell you what I see on this chart.

On the RSI below, please locate the white box.

Do you see the stretched out " W " ? I even marked it with a " W ".

To me this is a indication that this pair is going up, and I mean a lot.

That's what that stretched out W means to me.

When the market opens I'll be trading this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m15-oanda-division1-4.png Size: 37 KB
Patience, let the trade come to you.
  • #13,714
  • Mar 14, 2021 12:33pm Mar 14, 2021 12:33pm
Note: When you know.

When you truly know a pair's direction, lets say higher the only reason the market maker turns the pair the opposite direction is to #1 trap traders to make traders think the pair has exhausted it self and is turning around.

When the real truth is that the marker maker needs to trap traders and he needs sellers trapped to fuel the push higher.

#2 The other truth is the market maker wants you out of your trade because you are making a profit. Market makers hate to see retail traders make a profit.
The market maker wants that trade closed asap.

It's like this, you think the direction is higher so you enter the trade and right then the trade turns against you. Sound familiar ? lol you bet it does.

Always look at the daily chart and then the 15 minute, if they're the same color your on the right track.

If not, then wait for the marker maker to runs his course and return to the right direction.

This is where patience comes into play.
Patience, let the trade come to you.
  • #13,715
  • Mar 14, 2021 12:51pm Mar 14, 2021 12:51pm
Note: Money Management.

Before you begin trading for the day please set a profit goal.

What ever that goal is try to get to that goal or get close to that goal and please quit after that.

Trading forex taxes the brain, and your burning calories that your brain needs to compute trading thoughts.

I start trading a little after 8am my time here in Indiana.

If I slept well I can trade pretty good for about 5 and 1/2 hours. For that 5 1/2 hours I'm only looking at forex and the stock market at 9:30 am

Then after that 5 1/2 hours my mind is spent.

I don't surf the internet while I'm trading, because in the past when I surfed the internet it would cost me money in trading.

So please set a goal and stick to it, there's always tomorrow for more trading.

And please treat trading like a business, it's not a casino.

The more discipline that a trader has the more successful that trader is.

They're are a lot of good traders out there, and those are the one's who have the most discipline.
Patience, let the trade come to you.
  • #13,716
  • Mar 14, 2021 2:20pm Mar 14, 2021 2:20pm
Lets do some math.

There are 260 trading days in the year.

If you started trading with $100.00 US, using leverage, ( I love leverage & margin by the way) and if you could make 1% per trading day, and this is called compounding.

In one year you could have $1,329.10

In 2 years making 1% per day you would have $17,665.05

In 3 years you would be at $234,653.01 and waiting everyday to trade.

Is this attainable ? It is if you are discipline and stay discipline.

This is why I say " trading forex you have to be very discipline ".
Patience, let the trade come to you.
  • #13,717
  • Mar 14, 2021 2:23pm Mar 14, 2021 2:23pm
Pokerchip do you ever trade on the monthly and weekly charts.
  • #13,718
  • Mar 14, 2021 2:34pm Mar 14, 2021 2:34pm
Quoting Houtbay
Pokerchip do you ever trade on the monthly and weekly charts.
I look at the Monthly, but I always trade with the daily chart and the 15 minute chart.

I only trade with what I know that works for me.

I never stray.

It's a business, stay with what works until it doesn't.

Right now The Jail Break System has not worked the way it should.

I have predicted the AUD/USD and NZD/USD have reversed. USD/CAD I believe has also reversed.

If this stays true then Jail Break will start working again.

I have predicted that AUD/USD and NZD/USD will be trading lower starting today and this week.

Waiting for the market to open.
Patience, let the trade come to you.
  • #13,719
  • Mar 14, 2021 2:55pm Mar 14, 2021 2:55pm
I had a look at your prediction of the cad, nzd, aud against the dollar. I think the best bet of the 3 is the cadusd, then the nzdusd.
  • #13,720
  • Mar 15, 2021 4:15am Mar 15, 2021 4:15am
Quoting PokerChip
USD/CAD Let me me tell you what I see on this chart. On the RSI below, please locate the white box. Do you see the stretched out " W " ? I even marked it with a " W ". To me this is a indication that this pair is going up, and I mean a lot. That's what that stretched out W means to me. When the market opens I'll be trading this pair. {image}

Thanks for sharing Master, just a question : RSI is better to keep it (close) or (typical) ?

Currently I'm following your advice studying trend at 1D and entering in 15M chart if candle has same colour and if it's going in the same direction.

Have a great day Poker Chip and thanks.
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