• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 2:42pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 2:42pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

BB break + trendline break 24 replies

Break Out + Pull Back & Pure Break Outs 58 replies

Looking for L > Break High Break Low Indicator 1 reply

A break below - A Break Above Question 1 reply

  • Trading Journals
  • /
  • Reply to Thread
  • Subscribe
  • 4,570
Attachments: The Jail Break System
Exit Attachments
Tags: The Jail Break System
Cancel

The Jail Break System

  • Last Post
  •  
  • 1 693694Page 695696697 810
  • 1 Page 695 810
  •  
  • Post #13,881
  • Quote
  • Apr 9, 2021 7:45pm Apr 9, 2021 7:45pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
Quoting tjanos2000
Disliked
PokerChip I have gone through most part of your thread and find the original railroad and jailbreak conditions inspiring. I had difficulties at the beginning to find the railroads until I discovered FractalMTF.mq4 (see attached). {image} {file} {image}
Ignored
Hello tjanos2000,

That chart is so cool.

I think if you apply those to the daily chart it will help you more.

I mainly trade the daily chart now.

I also think these Fractal would make a really good EA. The Fractals tell the story of the pair just by looking at the chart.

The Railroad tracks " tell you the truth that change is coming ", which can save you some cash in your account.

Thanks for posting.
Patience, let the trade come to you.
 
 
  • Post #13,882
  • Quote
  • Apr 9, 2021 7:46pm Apr 9, 2021 7:46pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
EUR/USD daily chart update.

I'm looking for the pair to move up to the top of the box trapping buyers.

Then down again in a couple of days or so.
Attached Image (click to enlarge)
Click to Enlarge

Name: eurusd-d1-oanda-division1-3.png
Size: 49 KB
Patience, let the trade come to you.
 
1
  • Post #13,883
  • Quote
  • Apr 9, 2021 8:00pm Apr 9, 2021 8:00pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
AUD/USD daily chart update.

Right now the pair is in the middle of the 2nd level box.

I'm looking at this pair to start moving up to the top of the box because the MM has many sellers trapped below, and the MM has to get those sellers to close their positions for the pair to move lower (south).

This is the pair that I've been trapped in since June 15th of last year. .68137 is the magic number.

Hopefully the pair will move lower next week.

We will see.
Attached Image (click to enlarge)
Click to Enlarge

Name: audusd-d1-oanda-division1-3.png
Size: 52 KB
Patience, let the trade come to you.
 
1
  • Post #13,884
  • Quote
  • Apr 9, 2021 9:13pm Apr 9, 2021 9:13pm
  •  tjanos2000
  • | Joined Apr 2009 | Status: Member | 6 Posts
Quoting PokerChip
Disliked
{quote} Hello tjanos2000, That chart is so cool...
Ignored
Thanks for replying.

I added the M-Candles indicator to view the daily action.


https://www.forexfactory.com/attachm...ew_thumbnail=1
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot_2021-04-10_11-00-20.png
Size: 16 KB
Attached File(s)
File Type: mq4 M-Candles.mq4   6 KB | 84 downloads
 
1
  • Post #13,885
  • Quote
  • Apr 10, 2021 2:54am Apr 10, 2021 2:54am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,516 Posts
Thanks Pockerchip, I am understanding now the process of the game. You and Prozor have helped opened my eyes to see what I never saw before.
 
1
  • Post #13,886
  • Quote
  • Apr 10, 2021 9:41am Apr 10, 2021 9:41am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
Quoting Houtbay
Disliked
Thanks Pockerchip, I am understanding now the process of the game. You and Prozor have helped opened my eyes to see what I never saw before.
Ignored
Well thank you Houtbay.

Prozor will help any trader, he's got a big heart.
Patience, let the trade come to you.
 
 
  • Post #13,887
  • Quote
  • Apr 10, 2021 9:56am Apr 10, 2021 9:56am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
Quoting tjanos2000
Disliked
{quote} Thanks for replying. I added the M-Candles indicator to view the daily action. {image} {image} {file}
Ignored
tjanos2000,
If you look 2 highlighted areas of the RSI chart. You can see the " M " patterns. They're not a perfect " M " but they serve a purpose of telling you
a pair is about to drop. This is the market maker's signature. They all have the same signature.

There is also a " Shark fin " on the RSI as well. This also means a drop is coming.

So when you see these " M " and the " Shark Fin ". You know what comes next.

Also look for the " W " and the inverted " Shark Fin ".
Attached Image (click to enlarge)
Click to Enlarge

Name: gbpjpy-h1-oanda-division1-1.png
Size: 42 KB
Patience, let the trade come to you.
 
 
  • Post #13,888
  • Quote
  • Apr 10, 2021 10:41am Apr 10, 2021 10:41am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,516 Posts
Pockerchip you don’t think Eurusd will sell down from its current level, and not reach the top of the box.
 
 
  • Post #13,889
  • Quote
  • Apr 10, 2021 11:07am Apr 10, 2021 11:07am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
Quoting Houtbay
Disliked
Pockerchip you don’t think Eurusd will sell down from its current level, and not reach the top of the box.
Ignored
If you look at the left side of the chart you'll see the sellers, a lot of sellers are now trapped.

The MM will keep pushing higher until those sellers have closed their trades, usually below 1.5%

Right now the sellers are at 2.49%

I think the pair moves to 1.19670 before moving lower.

I'm a buyer Sunday night.

45.0% loss sellers are on the left side in the midnight blue.
Attached Image (click to enlarge)
Click to Enlarge

Name: eurusd-d1-oanda-division1-3.png
Size: 51 KB
Patience, let the trade come to you.
 
1
  • Post #13,890
  • Quote
  • Apr 10, 2021 11:30am Apr 10, 2021 11:30am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,516 Posts
I have never looked at sellers or buyers.
 
 
  • Post #13,891
  • Quote
  • Edited 11:54am Apr 10, 2021 11:36am | Edited 11:54am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
Quoting Houtbay
Disliked
I have never looked at sellers or buyers.
Ignored
Fxssi is a whole new world.

It tells you on 11 pairs where the sellers and buyers are.

This is what the market maker see's in real time.

Fxssi is delayed 20-25 minutes, it suppose to post at the top of the hour, 20 minutes after the hour, and 40 minutes after the hour.

You might want to check it out.

Email me if you want any other information, or if anyone else wants more information on it, please private message me.

Thank you
Patience, let the trade come to you.
 
 
  • Post #13,892
  • Quote
  • Apr 10, 2021 11:38am Apr 10, 2021 11:38am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,516 Posts
Yes I agree the long term direction is definitely down in terms of my analysis
 
1
  • Post #13,893
  • Quote
  • Apr 10, 2021 11:39am Apr 10, 2021 11:39am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,516 Posts
What is your email? Thank you.
 
 
  • Post #13,894
  • Quote
  • Apr 10, 2021 11:53am Apr 10, 2021 11:53am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
Quoting Houtbay
Disliked
What is your email? Thank you.
Ignored
Private message me here.
Patience, let the trade come to you.
 
 
  • Post #13,895
  • Quote
  • Apr 10, 2021 11:59am Apr 10, 2021 11:59am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,516 Posts
Thanks. So then if market makers are determining moves on amount of buyers and sellers then the market is totally manipulated. However I can determine direction and most profitable point to buy or sell. So in this case if the direction is down then the closer to the top of the box the better my prospects for profit, however no one truelly knows if price will rise all the way up to the top.
 
1
  • Post #13,896
  • Quote
  • Apr 10, 2021 12:43pm Apr 10, 2021 12:43pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
Quoting Houtbay
Disliked
Thanks. So then if market makers are determining moves on amount of buyers and sellers then the market is totally manipulated. However I can determine direction and most profitable point to buy or sell. So in this case if the direction is down then the closer to the top of the box the better my prospects for profit, however no one truly knows if price will rise all the way up to the top.
Ignored
100% correct.

When you know the true direction, in this case it's down. I would recommend that you wait until the top of the box is reached. Then be a seller.

When the MM has to many buyers a pair will go down, that's just the way forex is manipulated. The MM runs the show, were just contestants trying to scrap out a profit.

Look at EUR/USD chart, it's reversed and so has it's cousins, AUD/USD and distant cousin NZD/USD.

Here's the way I trade a pair when I know the direction.

1. The very first thing that I do is look at the RSI on the daily chart, I look for the " M ", " W ", or the " Shark Fin ".

2. If I can see the buyers and sellers on fxssi I can then guess which direction the MM is about move the pair.

3. I drop down to the 4 hour and wait for my entry. I'm looking for 10-15 pips because I use 2 standard lots.

4. If I can get 10 pips I'm closing the trade, but if the pair takes off and runs I'll stay in the trade until my greed is satisfied, 20 pips satisfies my greed every time. Then I close the trade.

5. It's a business, that's all it is to me. Any profit is better than no profit, plus it keeps you out of being trapped by the MM. Which he's a master of trapping, I'm proof of that.

6. The MM needs time to trap a good trader, 10-15 pips I my view doesn't have enough time to set up the trap.

7. I trade best when I enter a trade when the flow of a pair is moving north or south. Usually after the 9:30am market open in NY.

I hope this helps.
Patience, let the trade come to you.
 
1
  • Post #13,897
  • Quote
  • Apr 10, 2021 12:52pm Apr 10, 2021 12:52pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
I have been doing some back testing on a EA idea that I had a programmer develop for me. I'm working on for exclusively the 5 minute chart. This EA has a profit factor of 5.0 and 5.33 also 3.75 and 3.72 on 4 different pairs. 3 of these pairs are not major pairs, sad to say.

Anyway when its done I'll run it live and see how it works out and let you know the results.
Patience, let the trade come to you.
 
 
  • Post #13,898
  • Quote
  • Apr 10, 2021 1:26pm Apr 10, 2021 1:26pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,587 Posts
Here's something else that's going to effect all currency pairs in the future.

The Nasdaq and the Dow Jones are both at peaks, (all time highs).

When both markets start to descend it's my belief that all currency pairs that are paired to the U.S. Dollar will fall dramatically. The Dollar is the safe haven. (I don't know how since were 28 Trillion in debt).

And they might fall anywhere from 50%-80% when it's all said and done.

Personally I look for both markets to fall at least 70% in 3 years.

I think the bottom will be 2024. (Election year)

So, when the peak is reached on both markets, I think it will take 3 years to reach the bottom.

I also think that each market will fall 30% in the first 3 months.

You can't have publicly held companies with multiples of PE 55 x earnings, Amazon has a multiple of PE 6 x earnings. Which is normal

These companies are way over valued, that's way these markets are coming down at least 70%.

Just my view.
Patience, let the trade come to you.
 
1
  • Post #13,899
  • Quote
  • Apr 10, 2021 1:26pm Apr 10, 2021 1:26pm
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,516 Posts
10-15 pips seems like a small reward for a calculated risk.
 
1
  • Post #13,900
  • Quote
  • Apr 10, 2021 1:29pm Apr 10, 2021 1:29pm
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,516 Posts
In an inflationary environment one has to be invested in hard assets. Land, property and commodities.
 
 
  • Trading Journals
  • /
  • The Jail Break System
  • Reply to Thread
    • 1 693694Page 695696697 810
    • 1 Page 695 810
2 traders viewing now
  • More
Top of Page
  • Facebook
  • X
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • X

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023