If the EUR/USD exits the box to the south I wouldn't place a entry until it clears 1.10161

The Jail Break System

If the EUR/USD does move north out of the box I'm not going to buy it until it clears 1.10595 in price.

The Jail Break System

EUR/GBP has broke out of the box and running south on the 4 hour chart. I would think this pair is running south because they have traders trapped in the green candle to the left.

The Jail Break System

I would not recommend trading the EUR/USD until it tells us which way it ways go. I have it in my box, so it's basically just sit there moving horizontal for now.

The Jail Break System

The EUR/USD is running side ways at the present time as you can see. I have it still in my box. Will just have to wait and see what direction it wants to run.

The Jail Break System

EUR/GBP 7:57PM UPDATE

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6:41 PM UPDATE

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EUR/GBP updated chart. Note: If you have made a trade using a 4 hour chart and lets say you sold a pair, any pair for that matter. And when you executed that trade it was on the 15 minute chart. From that point on if you decide that you want to make ...

The Jail Break System

Binnie, The charts look good. That's what exactly what you want. Now just watch the chart and you'll catch on what the market manipulators do. Were in the 1st leg of the cycle. Then when the pairs exit the box will be in the 2nd leg of the cycle, ...

The Jail Break System

Right now the EUR/GBP H1 chart is the contracting phase which is the 1st leg of the cycle. This pair will run horizontal for hours until it breaks out of the box into the 2nd phase of the cycle it will be ranging up and down most likely until it ...

The Jail Break System

Remember when you see quick moves to the up side or the down side these are fake out moves by the banks trying to pull retail traders into a trade. The slow steady move to the up side or the down side is the right direction. When you are looking for ...

The Jail Break System

Here is a updated chart on the EUR/USD as you can see the candle has moved out of the box and is heading north. After a reversal this is the very best price for a buy entry.

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Looking at the chart the very best entry would have been right after it left the box heading south.

The Jail Break System

Take a look at the 4 hour EUR/USD chart, I look for the pair to leave the box and move to the north.

The Jail Break System

If you look at this 4 hour chart of the EUR/GBP from today you want to wait until the pair exits the box and then wait until the pair settles down. Normally any pair will exit the chart and make a quick move to the up side or the down side. This is ...

The Jail Break System

Here is another example of a red candle leaving the blue box in the pair AUD/USD.

The Jail Break System

If you knew anything about forex you would already know a contracting horizontal zone is the 1st phase of a 3 phase cycle. Which tells me you know absolutely nothing about the 2nd phase of expanding out of the box into a ranging pattern of up and ...

General Trading Chat / Ideas

If support and resistance works for you, more power to you. I learned a lesson and I don't repeat the same mistakes. The system I created for myself has no need for support and resistance. Banks don't use support or resistance, that's why hundreds ...

General Trading Chat / Ideas

The blue box is a contracted zone if you will. It's the beginning of a cycle is what it is. A place that is confined for traders that want to roll the dice for the coming day. Once they banks are satisfifed that they have enough of traders on the ...

General Trading Chat / Ideas