The Jail Break System | Page 718 | Forex Factory

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The Jail Break System

  • #14,341
  • Jun 6, 2021 12:35pm Jun 6, 2021 12:35pm
Also when do you use the 1 hour vs the 4 hour? Or do you correlate both together.
  • #14,342
  • Jun 6, 2021 2:44pm Jun 6, 2021 2:44pm
Quoting Houtbay
Hi Pockerchip in terms of your 4 hour Eurusd. Do you enter at the black line or red line? And do you exit at 282 or 445 at the top.
I would enter a trade using the highlighted boxes in the Williams % R.

The best set up is want to see the Williams % R blast right threw the 20 day moving average, going north or south.

Using a clock, you want the 12-2 for a buy trade.

Using the clock, you want the 4-6 for a sell trade.

If it's not 12-2 or 4-6, ignore the trade. It's just to weak.

It's not hard to watch 8 major pairs at the same time. Stay patient and the trades will always be there.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fx-glory-group-h.png Size: 102 KB
Patience, let the trade come to you.
  • #14,343
  • Jun 7, 2021 2:51am Jun 7, 2021 2:51am
Usdchf sell
Usdjpy buy
  • #14,344
  • Jun 7, 2021 3:19am Jun 7, 2021 3:19am
Nzdusd sell
usdcad buy
  • #14,345
  • Jun 7, 2021 3:29am Jun 7, 2021 3:29am
I was incorrect on usdchf it’s a buy
  • #14,346
  • Jun 7, 2021 5:36am Jun 7, 2021 5:36am
Gold sell
  • #14,347
  • Jun 7, 2021 11:05am Jun 7, 2021 11:05am
EUR/USD 1 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-fx-glory-group-a.png Size: 89 KB
Patience, let the trade come to you.
  • #14,348
  • Jun 8, 2021 12:15am Jun 8, 2021 12:15am
Hi PokerChip,
I want to ask something.
1-The MM can see your orders, after you buy, do you write pending order (sell) to 20 pips or do you wait the price come to you (I think this is extrem).
2-At H1 chart with 10.000$ capital, how many lots you can buy/sell?
  • #14,349
  • Jun 8, 2021 1:47am Jun 8, 2021 1:47am
Nzdusd
Daily sell
4 hour buy
I am going to sell now
  • #14,350
  • Jun 8, 2021 1:55am Jun 8, 2021 1:55am
Usdjpy
Daily buy
4 hour buy
  • #14,351
  • Jun 8, 2021 2:50am Jun 8, 2021 2:50am
Audnzd
Daily buy
4 hour buy
  • #14,352
  • Jun 8, 2021 3:27am Jun 8, 2021 3:27am
Silver
Daily sell
4 hour sell
  • #14,353
  • Jun 8, 2021 6:26am Jun 8, 2021 6:26am
Eurchf
Daily sell
4 hour sell
  • #14,354
  • Edited 9:05am Jun 8, 2021 8:22am | Edited 9:05am
Quoting Celal
Hi PokerChip, I want to ask something. 1-The MM can see your orders, after you buy, do you write pending order (sell) to 20 pips or do you wait the price come to you (I think this is extrem). 2-At H1 chart with 10.000$ capital, how many lots you can buy/sell?
If you have a pending order the MM can see your order buy/sell.

If you have done your home work and made a buy or sell, wait for your pips to add up and then close the trade.

No reason to hedge if that's what asking about.

I hope I answered your question. Let me know if I didn't.
Patience, let the trade come to you.
  • #14,355
  • Jun 8, 2021 8:32am Jun 8, 2021 8:32am
All 8 majors that I watch are ranging. Which means the MM is trapping.

USD/CAD
USD/JPY
USD/CHF
AUD/USD
NZD/USD
GBP/USD
GBP/JPY
EUR/USD

Probably no trades today.
Patience, let the trade come to you.
  • #14,356
  • Jun 8, 2021 2:13pm Jun 8, 2021 2:13pm
GBP/USD 1 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-fx-glory-group-a.png Size: 96 KB
Patience, let the trade come to you.
  • #14,357
  • Edited 3:59pm Jun 8, 2021 3:39pm | Edited 3:59pm
Quoting PokerChip
{quote} If you have a pending order the MM can see your order buy/sell. If you have done your home work and made a buy or sell, wait for your pips to add up and then close the trade. No reason to hedge if that's what asking about. I hope I answered your question. Let me know if I didn't.
Hi PokerChip,
I'm sory. I couldn't understand the second part, money management part. If I have $10K and I want to open 3 trades every day for per curency haw many lots I can buy/sell, may be 0.1 lots or what else? Thank you.
  • #14,358
  • Jun 8, 2021 4:10pm Jun 8, 2021 4:10pm
Quoting Celal
{quote} Hi PokerChip, I'm sory. I couldn't understand the second part, money management part. If I have $10K and I want to open 3 trades every day for per curency haw many lots I can buy/sell, may be 0.1 lots or what else? Thank you.
Hello Celal, with $10k with standard leverage 100-1 or 200-1 you could open up 3 trades .50 per lot with enough margin left over.
Patience, let the trade come to you.
  • #14,359
  • Edited 6:25pm Jun 8, 2021 6:00pm | Edited 6:25pm
Bitcoin 1 hour chart.

I'm thinking of shorting this at $36,950
Attached Image (click to enlarge)
Click to Enlarge Name: btcusd-h1-fx-glory-group-a.png Size: 80 KB
Patience, let the trade come to you.
  • #14,360
  • Jun 9, 2021 12:05am Jun 9, 2021 12:05am
Pockerchip be careful of Bitcoin it has reversed.
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