The Jail Break System | Page 702 | Forex Factory

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The Jail Break System

  • #14,021
  • May 12, 2021 5:54pm May 12, 2021 5:54pm
I think I need to express my opinion. And I hope others will speak up as well.

I think we are seeing the change in several currencies at the moment.

What I have seen this week is the Dollar strengthen.

Which tells me fear has entered the market.

After fear comes panic and that's when all hell breaks loose,

It might be a early warning signal that all markets are starting to buy the Dollar and probably Treasury's as well.

If you bought USD/CHF your sitting pretty about now. The Dollar is in a big hole right now. But it's climbing.

Be careful of holding on to the AUD/USD, NZDUSD if you are a buyer, etc etc I think they are all in trouble, I usually wrong about market timing.

But change is in the wind.
Patience, let the trade come to you.
  • #14,022
  • May 13, 2021 7:35am May 13, 2021 7:35am
Here is where I see AUD/USD moving next.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-d1-oanda-division1-e.png Size: 60 KB
Patience, let the trade come to you.
  • #14,023
  • May 13, 2021 4:08pm May 13, 2021 4:08pm
Quoting PokerChip
I think I need to express my opinion. And I hope others will speak up as well. I think we are seeing the change in several currencies at the moment. What I have seen this week is the Dollar strengthen. Which tells me fear has entered the market. After fear comes panic and that's when all hell breaks loose, It might be a early warning signal that all markets are starting to buy the Dollar and probably Treasury's as well. If you bought USD/CHF your sitting pretty about now. The Dollar is in a big hole right now. But it's climbing. Be careful of holding...
PokerChip
I believe you are right. Although the market sentiment is for a weakened $USD due to the macro economics such as printing trillions of dollars, the rollover from the equities market which is now showing a lot of market internals weakness. Here is my quick analysis on the US Dollar Index. The red line is a daily fib D-extension so there are a confluence of technical patterns forming here, morning star, double bottom, fib extension and AB=CD harmonics.
Attached Image (click to enlarge)
Click to Enlarge Name: USDollar Index 05-13-2021.jpg Size: 254 KB
I can do all things through Christ who gives me strength
  • #14,024
  • May 13, 2021 4:28pm May 13, 2021 4:28pm
Quoting ainz99
{quote} PokerChip I believe you are right. Although the market sentiment is for a weakened $USD due to the macro economics such as printing trillions of dollars, the rollover from the equities market which is now showing a lot of market internals weakness. Here is my quick analysis on the US Dollar Index. The red line is a daily fib D-extension so there are a confluence of technical patterns forming here, morning star, double bottom, fib extension and AB=CD harmonics. {image}
Ainz99,
Your chart looks right to me. I think it's impossible for the Federal Reserve to stop what's coming around the corner.

When fear builds up enough then the panic starts to attract all the sellers in the universe.

All these markets moving higher year after year I think has all been 100% manipulation.

You can only regulate markets for so long before the chickens come home to roost.
Patience, let the trade come to you.
  • #14,025
  • Edited 11:48am May 14, 2021 9:47am | Edited 11:48am
Here is something that I have been messing with the past couple of days.

You can see the market maker ranges every other day. I would not trade on these days.

You can see the head and shoulder pattern between Wednesday and Friday.

The Ichimoku and the Donchian Channel ride inside the pair. Hull moving average too is inside.

The Williams %R works best on the daily chart. This is good conformation for a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h1-oanda-division1-w.png Size: 98 KB
Patience, let the trade come to you.
  • #14,026
  • May 14, 2021 11:47am May 14, 2021 11:47am
Next Monday I will post new setup's for more pairs.
Patience, let the trade come to you.
  • #14,027
  • Edited 4:23pm May 14, 2021 12:07pm | Edited 4:23pm
Here's the CAD/JPY 1 hour chart.

155 pips in 3 days.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy-h1-oanda-division1-b.png Size: 87 KB
Patience, let the trade come to you.
  • #14,028
  • May 14, 2021 4:43pm May 14, 2021 4:43pm
NZD/CAD 1 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad-h1-oanda-division1-g.png Size: 96 KB
Patience, let the trade come to you.
  • #14,029
  • May 14, 2021 6:03pm May 14, 2021 6:03pm
EUR/CAD 1 hour chart.

183 pips in 3 days possible.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad-h1-oanda-division1-k.png Size: 95 KB
Patience, let the trade come to you.
  • #14,030
  • May 14, 2021 6:17pm May 14, 2021 6:17pm
EUR/GBP 1 hour chart.

54 pips possible in 2 days.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-h1-oanda-division1-d.png Size: 104 KB
Patience, let the trade come to you.
  • #14,031
  • Edited 8:24pm May 14, 2021 8:12pm | Edited 8:24pm
EUR/USD 1 hour chart.

120 pips possible in 2 days.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-oanda-division1-t.png Size: 92 KB
Patience, let the trade come to you.
  • #14,032
  • May 15, 2021 3:08am May 15, 2021 3:08am
Quoting PokerChip
EUR/USD 1 hour chart. 120 pips possible in 2 days. {image}
Hi PokerChip,
In this method in H1 chart, do you check the colour of HA candel at higher time frame(H4). Because the colour of higer time frame changes late and you miss the trade at the market turning points which are too profitable. And it is hard to enter at the middle. Or you can belive your indicators and exclude the colour of higer time frame.
Thank you sir.
  • #14,033
  • May 15, 2021 7:40am May 15, 2021 7:40am
Quoting Celal
{quote} Hi PokerChip, In this method in H1 chart, do you check the colour of HA candel at higher time frame(H4). Because the colour of higer time frame changes late and you miss the trade at the market turning points which are too profitable. And it is hard to enter at the middle. Or you can belive your indicators and exclude the colour of higer time frame. Thank you sir.
Hello Celal,
That's a great question. I would recommend this newer version of the Jail Break System to be used from the 1 hour time frame and up. I think the 1 hour time frame is safer from being trapped than the 15 & 30 minute chart and I think you can exclude the 4 hour candle color change.

I would think the market maker is probably trapping on the 15 minute chart and lower time frames to trap as many traders as possible.

I have not tried this on the 15 minute chart, for fear of being trapped. I have only used this on the 1 hour chart so far.

As for the best pairs to use I'm still trying to figure that out. I'm thinking the major pairs will be good profit source.

I would recommend not holder a pair over the weekend if you are in profit. I would take profit everyday. And build your margin up.

Margin is one of the keys to your success. I'm still trapped in a AUD/USD sell trade from June 15th 2020, sadly to say.

If you have any other questions let me know.
Patience, let the trade come to you.
  • #14,034
  • May 15, 2021 7:52am May 15, 2021 7:52am
USD/JPY 1 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h1-oanda-division1-t.png Size: 89 KB
Patience, let the trade come to you.
  • #14,035
  • May 15, 2021 8:53am May 15, 2021 8:53am
GBP/AUD 1 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-h1-oanda-division1-g.png Size: 80 KB
Patience, let the trade come to you.
  • #14,036
  • May 15, 2021 9:09am May 15, 2021 9:09am
EUR/NZD 1 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-h1-oanda-division1-d.png Size: 88 KB
Patience, let the trade come to you.
  • #14,037
  • May 15, 2021 9:18am May 15, 2021 9:18am
EUR/CHF 1 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h1-oanda-division1-l.png Size: 99 KB
Patience, let the trade come to you.
  • #14,038
  • May 15, 2021 9:25am May 15, 2021 9:25am
Quoting PokerChip
GBP/AUD 1 hour chart. {image}
Hi PokerChip,
Thank you. At this chart you show the exit candle, how did you decide it, according to price action or what else? You have finded the top and bottom, how?
  • #14,039
  • May 15, 2021 10:00am May 15, 2021 10:00am
Quoting Celal
{quote} Hi PokerChip, Thank you. At this chart you show the exit candle, how did you decide it, according to price action or what else? You have finded the top and bottom, how?
If you need to exit a trade because your gut is telling to exit, just look to the left for railroad tracks. Railroad tracks mean change is coming.

You can usually find them to the left.

I use the Heiken Ashi candles, they can be helpful as well when they turn from green to red or from red to green its time to exit.

But if your gut is telling you to close the trade, close the trade.

The market maker is looking to trap you. If he can't trap you, he's looking to take your profit from you.

It's dog eat dog in forex.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h1-oanda-division1-h.png Size: 96 KB
Patience, let the trade come to you.
  • #14,040
  • May 15, 2021 10:13am May 15, 2021 10:13am
Note: If your going to use the newer version of Jail Break I would highly recommend closing all trades on Friday. You'll sleep better.

I think your inviting trouble into your forex account.

Lets say you carry a trade over the weekend because your trade is up 20+ pips, what have you gained over the weekend ? You have gained nothing because the market has not traded until Sunday night and if you are in the herd with a bunch of buyers. The market maker is going to take the pair south and you will lose. Trust me, I've been there. It's no fun turning on the computer to see your down 30 pips or more.
Patience, let the trade come to you.
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