The Jail Break System | Page 716 | Forex Factory

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The Jail Break System

  • #14,301
  • Jun 3, 2021 3:15am Jun 3, 2021 3:15am
Chfjpy has changed trend
  • #14,302
  • Jun 3, 2021 5:21am Jun 3, 2021 5:21am
Cadjpy
Daily up
4 hour up
T.p 91.500
  • #14,303
  • Jun 3, 2021 5:40am Jun 3, 2021 5:40am
Usdjpy
Retracing currently, but a good buy up
  • #14,304
  • Jun 3, 2021 8:08am Jun 3, 2021 8:08am
Eurchf
Weekly buy
Daily buy
  • #14,305
  • Jun 3, 2021 11:57am Jun 3, 2021 11:57am
Eurgbp has set up for a sell
Daily sell
4 hour sell
1 hour sell
  • #14,306
  • Jun 3, 2021 4:45pm Jun 3, 2021 4:45pm
EUR/USD 1 hour chart.

I can't believe the market maker is going to let all the sellers stay in profit for very long.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-fx-glory-group-a.png Size: 185 KB
Patience, let the trade come to you.
  • #14,307
  • Jun 4, 2021 1:08am Jun 4, 2021 1:08am
Audusd I have sold
Daily sell
4 hour sell
  • #14,308
  • Jun 4, 2021 3:47am Jun 4, 2021 3:47am
Gbpcad sell
Daily sell
4 hour sell
  • #14,309
  • Edited 1:14pm Jun 4, 2021 5:04am | Edited 1:14pm
Quoting Houtbay
Audusd I have sold Daily sell 4 hour sell
AUD/USD might recover today.

Be careful.

AUD/USD does recover taking out those sellers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd-h1-fx-glory-group-b.png Size: 80 KB
Click to Enlarge Name: audusd-h1-oanda-division1-e.png Size: 86 KB
Patience, let the trade come to you.
  • #14,310
  • Jun 4, 2021 5:20am Jun 4, 2021 5:20am
GBP/USD 1 hour chart.

Market maker is making those sellers close their trades.

Moves higher.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-oanda-division1-c.png Size: 103 KB
Patience, let the trade come to you.
  • #14,311
  • Jun 4, 2021 6:06am Jun 4, 2021 6:06am
Note: On the 4 hour chart of EUR/USD you can clearly see the fake out candle.

Then the market maker takes it the other way.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fx-glory-group-c.png Size: 92 KB
Patience, let the trade come to you.
  • #14,312
  • Jun 4, 2021 6:38am Jun 4, 2021 6:38am
Hi Pockerchip. How are you today?
  • #14,313
  • Jun 4, 2021 7:12am Jun 4, 2021 7:12am
Quoting Houtbay
Hi Pockerchip. How are you today?
Doing good sir, how are you today ?
Patience, let the trade come to you.
  • #14,314
  • Jun 4, 2021 7:46am Jun 4, 2021 7:46am
Well thank you. Just fine tuning my trading approach.
  • #14,315
  • Jun 4, 2021 9:50am Jun 4, 2021 9:50am
Quoting Houtbay
Well thank you. Just fine tuning my trading approach.
We get better with every trade.

Have a great weekend.

Done for the day.
Patience, let the trade come to you.
  • #14,316
  • Edited 3:17pm Jun 4, 2021 2:59pm | Edited 3:17pm
Hi PokerChip,
I have a problem:For example I enter a long trade with % R Williams crosses it's 20ema(with good slope), after it goes 5-8 pips, it turns back when I see this (price action or M) I afraid and close the position then ıt turns north, If I don't close I will win. At what conditions I must close the position?(no stops), I can close % R Williams crosses it's 20ema otherwise or what else? Tenkan-sen signal can be late, HA candle colour change may mislead.Thanks..
  • #14,317
  • Jun 4, 2021 3:48pm Jun 4, 2021 3:48pm
Quoting Celal
Hi PokerChip, I have a problem:For example I enter a long trade with % R Williams crosses it's 20ema(with good slope), after it goes 5-8 pips, it turns back when I see this (price action or M) I afraid and close the position then ıt turns north, If I don't close I will win. At what conditions I must close the position?(no stops), I can close % R Williams crosses it's 20ema otherwise or what else? Tenkan-sen signal can be late, HA candle colour change may mislead.Thanks..
I'm not sure what time frame you are on.

I only will make a trade on the 1 hour and 4 hour.

I think the 15 minute is okay if you are in for 10 pips or less.

You are correct, the Tenkan-sen is to late on the 15 minute chart or less.

I really think the 1 hour chart is perfect for the Jail Break.

Another thought is you could wait for the Williams % R to cross the -50, that would be very conservative trade.

Also, for the very best results I would recommend trading the pairs, USD/CAD, USD/JPY, USD/CHF
GBP/JPY, GBP/USD, EUR/USD, AUD/USD, NZD/USD

The other pairs just don't have the volume.

I hope this helps.

Have a great weekend.
Patience, let the trade come to you.
  • #14,318
  • Jun 4, 2021 4:06pm Jun 4, 2021 4:06pm
USD/JPY 1 hour chart.

A lot of respect for the Monday daily range.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h1-fx-glory-group-f.png Size: 81 KB
Patience, let the trade come to you.
  • #14,319
  • Jun 4, 2021 4:10pm Jun 4, 2021 4:10pm
EUR/USD 1 hour chart.

Tea cup
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-fx-glory-group-g.png Size: 88 KB
Patience, let the trade come to you.
  • #14,320
  • Jun 4, 2021 4:17pm Jun 4, 2021 4:17pm
GBP/USD 1 hour chart.

Tea cup
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-oanda-division1-h.png Size: 102 KB
Patience, let the trade come to you.
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