The Jail Break System | Page 60 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Break Out + Pull Back & Pure Break Outs 59 replies

BB break + trendline break 24 replies

Looking for L > Break High Break Low Indicator 1 reply

A break below - A Break Above Question 1 reply

Attachments: The Jail Break System
Exit Attachments

The Jail Break System

  • #1,181
  • Nov 7, 2019 4:53am Nov 7, 2019 4:53am
Quoting PokerChip
{quote} I know it's early, but that looks to be a very nice trade.
I'm hoping this area aligns with that "support" level to the left. Either way I think that even if I'm early by a level it's ready to come back by three more levels by the end of the week. At least that's my wishful thinking.
  • #1,182
  • Nov 7, 2019 5:06am Nov 7, 2019 5:06am
Quoting tuffysteeler
{quote} I'm hoping this area aligns with that "support" level to the left. Either way I think that even if I'm early by a level it's ready to come back by three more levels by the end of the week. At least that's my wishful thinking.
I think you're timing was perfect. The " MM " has a lot of sellers trapped to the left. So if you were a " MM " you would want to move the pair up and away from the area.
You see right now the " MM " is moving it down again, that's to trap more traders, greedy.
Patience, let the trade come to you.
  • #1,183
  • Nov 7, 2019 5:14am Nov 7, 2019 5:14am
Quoting PokerChip
{quote} I think you're timing was perfect. The " MM " has a lot of sellers trapped to the left. So if you were a " MM " you would want to move the pair up and away from the area. You see right now the " MM " is moving it down again, that's to trap more traders, greedy.
I appreciate the compliment PokerChip. Counting the levels and trying to get into the mind of the MM is the only way to look at this business. Other indicators can provide a little confirmation after the fact but that's about it.
  • #1,184
  • Edited 6:50am Nov 7, 2019 5:15am | Edited 6:50am
GBP/CAD update, this pair is reversing.
Note: The reason the 3rd level is so big is because it continued to stay in the same zone.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadi-h1-tw-corp-gbp-cad.png Size: 37 KB
Patience, let the trade come to you.
  • #1,185
  • Nov 7, 2019 5:28am Nov 7, 2019 5:28am
PokerChip, I'm not sure if you've tried this but another thing that helps me find where I am in the cycle is to zoom out a bit and count the small volume clusters or "U" shaped patterns as it moves down and finds the reversal area.
  • #1,186
  • Nov 7, 2019 5:30am Nov 7, 2019 5:30am
Quoting tuffysteeler
PokerChip, I'm not sure if you've tried this but another thing that helps me find where I am in the cycle is to zoom out a bit and count the small volume clusters or "U" shaped patterns as it moves down and finds the reversal area.
That's interesting I'm going to try that, thanks for letting me know.
Patience, let the trade come to you.
  • #1,187
  • Nov 7, 2019 5:41am Nov 7, 2019 5:41am
Quoting PokerChip
GBP/CAD update, this pair is reversing. {image}
and we've just had that strong impulse down to entice sellers. waiting for outcome of this candle
  • #1,188
  • Nov 7, 2019 5:46am Nov 7, 2019 5:46am
Quoting pamc
{quote} and we've just had that strong impulse down to entice sellers. waiting for outcome of this candle
Yep, they have a lot of sellers trapped. Now they move the pair up.
Patience, let the trade come to you.
  • #1,189
  • Nov 7, 2019 6:10am Nov 7, 2019 6:10am
Quoting PokerChip
{quote} Yep, they have a lot of sellers trapped. Now they move the pair up.
GU 1HR AND 5MINS charts . you can compare the 2 charts viewing the pending buys and sells t the left. see how they have taken into the trade both all thelarge clusters of buyers and sellers and shows clearer on 5 mins the in and out. SL's of course those blue horizontal dashes and the usual 10-20pips as well as the previous structure low/ all taken out
Attached Image (click to enlarge)
Click to Enlarge Name: GU 5min 071119.png Size: 62 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1HR 071119.png Size: 86 KB
  • #1,190
  • Nov 7, 2019 6:25am Nov 7, 2019 6:25am
Quoting pamc
{quote} GU 1HR AND 5MINS charts . you can compare the 2 charts viewing the pending buys and sells t the left. see how they have taken into the trade both all thelarge clusters of buyers and sellers and shows clearer on 5 mins the in and out. SL's of course those blue horizontal dashes and the usual 10-20pips as well as the previous structure low/ all taken out{image}{image}
PAMC,
Thanks for posting these charts, a lot of very good information. Extremely helpful in trading.
Poker Chip
Patience, let the trade come to you.
  • #1,191
  • Nov 7, 2019 7:07am Nov 7, 2019 7:07am
Ideally I'd like to see the GU retest the high of the day at 1.28773 but will probably end up somewhere in the middle.
  • #1,192
  • Nov 7, 2019 7:10am Nov 7, 2019 7:10am
Quoting tuffysteeler
Ideally I'd like to see the GU retest the high of the day at 1.28773 but will probably end up somewhere in the middle.
I think it's got a chance to get there.
Patience, let the trade come to you.
  • #1,193
  • Nov 7, 2019 9:32am Nov 7, 2019 9:32am
GBP/AGD update, this pair is at the 3rd level. It's very possible it could move down 15-30 pips or start moving up at a slow pace. Be patient.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpsgdi-h1-tw-corp-gbp-sgd.png Size: 39 KB
Patience, let the trade come to you.
  • #1,194
  • Nov 7, 2019 9:41am Nov 7, 2019 9:41am
Trying to be patient with GBP/USD but it's testing my nerves right now.
  • #1,195
  • Nov 7, 2019 9:47am Nov 7, 2019 9:47am
Quoting tuffysteeler
Trying to be patient with GBP/USD but it's testing my nerves right now.
Here's what I see.

The " MM " is collecting sellers again down here and soon as he has enough he will lift the pair up and away from the area. He's done this for 3 hour red candles.

And " MM " might keep doing this for hours.
Patience, let the trade come to you.
  • #1,196
  • Nov 7, 2019 10:17am Nov 7, 2019 10:17am
i am expecting USDCAD to move up to 1.32200.. chart to follow
  • #1,197
  • Nov 7, 2019 10:21am Nov 7, 2019 10:21am
Quoting pamc
i am expecting USDCAD to move up to 1.32200.. chart to follow
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 1hr. 071119 buy.png Size: 79 KB
  • #1,198
  • Nov 7, 2019 10:22am Nov 7, 2019 10:22am
Quoting pamc
i am expecting USDCAD to move up to 1.32200.. chart to follow
This pair is ranging to much for my system, it would never work.
Patience, let the trade come to you.
  • #1,199
  • Nov 7, 2019 10:26am Nov 7, 2019 10:26am
Quoting PokerChip
{quote} This pair is ranging to much for my system, it would never work.
yes i agree . i base it on the identical movements and patterns on the GU, USD CHF and USD jPY. Add to that the pending orders and SL clusters. Exactly the same as the other USD pairs. I may be wrong, but definitely NOT based on the thread strategy

regards
  • #1,200
  • Nov 7, 2019 10:34am Nov 7, 2019 10:34am
Quoting pamc
{quote} yes i agree . i base it on the identical movements and patterns on the GU, USD CHF and USD jPY. Add to that the pending orders and SL clusters. Exactly the same as the other USD pairs. I may be wrong, but definitely NOT based on the thread strategy regards
I think you're correct.
Patience, let the trade come to you.
31 traders viewing now