The Jail Break System | Page 137 | Forex Factory

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The Jail Break System

  • #2,721
  • Dec 2, 2019 11:02am Dec 2, 2019 11:02am
Quoting PokerChip
{quote} Okay see you in 10 minutes.
Like 5 Min...
  • #2,722
  • Dec 2, 2019 11:05am Dec 2, 2019 11:05am
Quoting PokerChip
GBP/CAD Daily chart. The daily chart looks to me as if the " MM " has a lot of buy traders trapped at the top if they decide to reverse course. Trade safe. {image}
agree with you here mate. as usual, the big impulse candle into or near a previous strong level, s/r, fib, or any structure level is an inducement to trap continuation trades.
  • #2,723
  • Dec 2, 2019 11:11am Dec 2, 2019 11:11am
they have been setting upon most the GBP pairs a similar scenario. Creating either HH HL then impulse into resistance, or wedge with resistance created and then a break out to come up taking out previous 2-3 days highs. all ripe for reversal. The only thing that bugs me is the sentiment is averaging 70% sell so we may have a move down then up again. This can be monitored on smaller tf easier
  • #2,724
  • Dec 2, 2019 11:21am Dec 2, 2019 11:21am
Quoting pamc
they have been setting upon most the GBP pairs a similar scenario. Creating either HH HL then impulse into resistance, or wedge with resistance created and then a break out to come up taking out previous 2-3 days highs. all ripe for reversal. The only thing that bugs me is the sentiment is averaging 70% sell so we may have a move down then up again. This can be monitored on smaller tf easier
GBPNZD...Look Ripe enough...59%Seller and 41% Buyers....
  • #2,725
  • Dec 2, 2019 11:36am Dec 2, 2019 11:36am
Quoting pamc
they have been setting upon most the GBP pairs a similar scenario. Creating either HH HL then impulse into resistance, or wedge with resistance created and then a break out to come up taking out previous 2-3 days highs. all ripe for reversal. The only thing that bugs me is the sentiment is averaging 70% sell so we may have a move down then up again. This can be monitored on smaller tf easier
70% is usually the key to the reversal.
Patience, let the trade come to you.
  • #2,726
  • Dec 2, 2019 11:53am Dec 2, 2019 11:53am
AUD USD

Scalping until retest area after the compression

Tomorrow AUD Cash Rate High Impact News
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: news.jpg Size: 199 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,727
  • Dec 2, 2019 11:59am Dec 2, 2019 11:59am
Quoting richy247
{quote} GBPNZD...Look Ripe enough...59%Seller and 41% Buyers....
sorry was out. Pokers right. 70% sell would correlate with a good PA and structural buy signal
  • #2,728
  • Dec 2, 2019 12:16pm Dec 2, 2019 12:16pm
Quoting pamc
{quote} sorry was out. Pokers right. 70% sell would correlate with a good PA and structural buy signal
Let me get this right ... when it’s 70sellers and 30 Buyers is a GOOD signal for BUY... and Vice-Versa???
  • #2,729
  • Dec 2, 2019 12:19pm Dec 2, 2019 12:19pm
Quoting richy247
{quote} Let me get this right ... when it’s 70sellers and 30 Buyers is a GOOD signal for BUY... and Vice-Versa???
When you see 70% sellers, the " MM " is going to reverse the pair, yes vice-versa.
Patience, let the trade come to you.
  • #2,730
  • Dec 2, 2019 12:23pm Dec 2, 2019 12:23pm
Quoting PokerChip
{quote} When you see 70% sellers, the " MM " is going to reverse the pair, yes vice-versa.
Awesome ...Very much clear...Thanks Guys ...
  • #2,731
  • Dec 2, 2019 12:26pm Dec 2, 2019 12:26pm
Quoting richy247
{quote} Let me get this right ... when it’s 70sellers and 30 Buyers is a GOOD signal for BUY... and Vice-Versa???
yes,but its an alert, not signal. contrarian but with structural sense. Its about timing.
  • #2,732
  • Dec 2, 2019 12:27pm Dec 2, 2019 12:27pm
Quoting richy247
{quote} Awesome ...Very much clear...Thanks Guys ...
You're welcome
Patience, let the trade come to you.
  • #2,733
  • Dec 2, 2019 12:28pm Dec 2, 2019 12:28pm
Quoting pamc
{quote} yes,but its an alert, not signal. contrarian but with structural sense. Its about timing.
Exactly right

I've made a profit in all GBP pairs, except for GBP/CAD. Crazy, still stuck.
Patience, let the trade come to you.
  • #2,734
  • Dec 2, 2019 12:31pm Dec 2, 2019 12:31pm
This look like its coming down hard in a min...Will wait for the News ..
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  • #2,735
  • Dec 2, 2019 12:53pm Dec 2, 2019 12:53pm
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  • #2,736
  • Dec 2, 2019 1:04pm Dec 2, 2019 1:04pm
Quoting pamc
{image}
That chart is probably very accurate, abcde.
Patience, let the trade come to you.
  • #2,737
  • Dec 2, 2019 1:06pm Dec 2, 2019 1:06pm
Quoting richy247
This look like its coming down hard in a min...Will wait for the News .. {image} {image}
tyat might go up out of the wedge on 15mins tf, FO and take all stops cos as is has not taken em. After the FO up is the entry down IMO
  • #2,738
  • Dec 2, 2019 1:08pm Dec 2, 2019 1:08pm
Quoting PokerChip
{quote} That chart is probably very accurate, abcde.
Time will tell. i am not entering any new trades.
  • #2,739
  • Dec 2, 2019 1:19pm Dec 2, 2019 1:19pm
Quoting pamc
{quote} Time will tell. i am not entering any new trades.
Right no new trades. GBP/CAD is one stubborn pair, They must have a bunch of sellers at the top.
Patience, let the trade come to you.
  • #2,740
  • Dec 2, 2019 1:21pm Dec 2, 2019 1:21pm
Quoting pamc
{quote} tyat might go up out of the wedge on 15mins tf, FO and take all stops cos as is has not taken em. After the FO up is the entry down IMO
Awesome ...I will look out for the FO ...It look juicy not to ride it down a little ....Looking at the Daily ...It looks like a Reversal
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