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The Jail Break System

  • #15,941
  • Jul 14, 2022 10:40am Jul 14, 2022 10:40am
This might help everyone.

When you see these (I call them fingers) where the arrows are pointing. When you see them on the 4 hour chart at the bottom that currency pair is going higher.

If you see these 3 fingers above the currency pair its going lower.

They usually going higher and lower in a big way.

This just what I have been seeing. That's one of the reasons why I use a line chart.

I hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-h4-fx-glory-group-2.png Size: 23 KB
Patience, let the trade come to you.
  • #15,942
  • Jul 14, 2022 10:48am Jul 14, 2022 10:48am
After you see these 3 fingers above or below. When they make the move higher of lower they'll make about a 70 pip move on a 4 hour chart.

Usually.
Patience, let the trade come to you.
  • #15,943
  • Jul 14, 2022 10:48am Jul 14, 2022 10:48am
Hi Pokerchip,

Thank you for your help, I wish you a good day.
  • #15,944
  • Jul 14, 2022 10:51am Jul 14, 2022 10:51am
Quoting Celal
Hi Pokerchip, Thank you for your help, I wish you a good day.
You're welcome.

Look at the current NZP/JPY 4 line hour chart and you'll see the 3 fingers then the move higher.

Take care.
Patience, let the trade come to you.
  • #15,945
  • Edited 4:25pm Jul 14, 2022 4:13pm | Edited 4:25pm
My next pair that I have my eyes on to buy is the EUR/JPY on the 4 hour chart.

If it can reach 139.859. I'm calculating my moving averages should catch up to the 72 moving average at that point.

Trying to give traders a heads up that are interested.
Patience, let the trade come to you.
  • #15,946
  • Jul 15, 2022 2:55am Jul 15, 2022 2:55am
Quoting PokerChip
My next pair that I have my eyes on to buy is the EUR/JPY on the 4 hour chart. If it can reach 139.859. I'm calculating my moving averages should catch up to the 72 moving average at that point. Trying to give traders a heads up that are interested.
Hi PokerChip,
When 40e cross 70e the price will be higher, it will open from 10e to 20e, and 10e to 20e may not cross at all, until the end of the trend, in this case, should we enter at the intersection of 40e 70e (the price is higher) or should we wait for cross of 10e 20e, if 10e 20e does not intersect at all, we cannot enter in between.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 17 KB
  • #15,947
  • Jul 15, 2022 4:54am Jul 15, 2022 4:54am
Quoting Celal
{quote} Hi PokerChip, When 40e cross 70e the price will be higher, it will open from 10e to 20e, and 10e to 20e may not cross at all, until the end of the trend, in this case, should we enter at the intersection of 40e 70e (the price is higher) or should we wait for cross of 10e 20e, if 10e 20e does not intersect at all, we cannot enter in between. {image}
Hello Celal,
I think the safest entry is when the 40e crosses the 70e. The 10e crossing the 22e is not as safe. I think the 4 hour chart is the key combined with the 40e and the 70e. I think will know more as time goes on. But, I can't stress this enough, time is the key, meaning the 4 hour chart will keep us out of trouble in the end.

I'm still watching EUR/JPY
Patience, let the trade come to you.
  • #15,948
  • Jul 15, 2022 5:32am Jul 15, 2022 5:32am
EUR/JPY is starting to move.
Patience, let the trade come to you.
  • #15,949
  • Jul 15, 2022 5:40am Jul 15, 2022 5:40am
Quoting PokerChip
EUR/JPY is starting to move.
Hi PokerChip,
What is your tp and sl at this trade.
  • #15,950
  • Jul 15, 2022 6:50am Jul 15, 2022 6:50am
Quoting Celal
{quote} Hi PokerChip, What is your tp and sl at this trade.
I close trades by what my gut tells me. I never use a stop loss because I have a large margin.

I like to get at least 30 pips per trade.
Patience, let the trade come to you.
  • #15,951
  • Jul 15, 2022 6:51am Jul 15, 2022 6:51am
I'm looking at CHF/JPY on the 4 hour on the line chart now. Waiting for a bounce then I will buy it.

I'm not sure why I didn't see this earlier this morning.
Patience, let the trade come to you.
  • #15,952
  • Jul 15, 2022 7:08am Jul 15, 2022 7:08am
I just bought CHF/JPY at 141.455 on the 4 hour line chart.

Hopefully this is a 4-5 hour trade. I don't want to hold over the weekend.

This is my 40th trade using the new system.
Patience, let the trade come to you.
  • #15,953
  • Jul 15, 2022 10:21am Jul 15, 2022 10:21am
CHF/JPY is moving north at a nice pace now.
Patience, let the trade come to you.
  • #15,954
  • Edited 2:01pm Jul 15, 2022 1:35pm | Edited 2:01pm
Closed CHF/JPY at 142.837

40 trades

30 wins

10 loses
Patience, let the trade come to you.
  • #15,955
  • Jul 16, 2022 6:29pm Jul 16, 2022 6:29pm
I'm looking at AUD/NZD 4 hour line chart again.

It's getting closer to be a buy.
Patience, let the trade come to you.
  • #15,956
  • Edited 8:56am Jul 17, 2022 8:31am | Edited 8:56am
As of right now I'm focused on EUR/JPY and AUD/NZD on the 4 hour line chart for a buy.

Right around 140.100

I think it has a good chance of running north to 142.100 by the end of the week.

The 2nd pair that I'm looking at is the CAD/CHF, it's not ready yet. But it's in the bull pen warming up.

GBP/JPY is my 4th pair that I'm looking at to buy this week.

All the other pairs are just not ready to trade.

All 3 of these pairs could be buys for me next week, if they stay the course.
Patience, let the trade come to you.
  • #15,957
  • Jul 17, 2022 9:39am Jul 17, 2022 9:39am
AUD/NZD on the 4 hour line chart, here's what I anticipate happening.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-h4-fx-glory-group-a.png Size: 29 KB
Patience, let the trade come to you.
  • #15,958
  • Jul 17, 2022 10:03am Jul 17, 2022 10:03am
I had a trader PM and ask when to exit a trade.

That would be when the 10e moving average moves inside the candle sticks, it's time to close the trade.
Patience, let the trade come to you.
  • #15,959
  • Jul 18, 2022 2:23am Jul 18, 2022 2:23am
CHF/JPY, H4 CHART
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYH4.png Size: 16 KB
  • #15,960
  • Jul 18, 2022 5:21am Jul 18, 2022 5:21am
I bought GBP/JPY last night before I went to bed at 164.476, I closed it earlier this morning at 165.873
Patience, let the trade come to you.
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