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The Jail Break System

  • #5,841
  • Feb 4, 2020 10:07am Feb 4, 2020 10:07am
Quoting PokerChip
{quote} Yep, I don't see any regulation in forex trading. They wouldn't put up with this crap at the NYSE, or NASDAQ. They would all go to jail. But for some reason its okay to lie about volume.
... it is only brokers volume, depending on volume keeping in brokers house
there is no global fx volume availabe, but you can aggregate volumes fom level 2/3 banks, liquidity provider (UBS, Deutesche Bank ...)
if you suppose that broker a and broker b attracts the same number of traders to sell/buy (on average) a particular instrument you will notice some correlation between this brokers specific volumes.

Mucky
  • #5,842
  • Feb 4, 2020 10:07am Feb 4, 2020 10:07am
Quoting PokerChip
{quote} All I know is the retail trader odds are stacked against them in this Trillion dollar market. And USD/CAD is on the move down.
everything they say is misleading, do this, do that, blah blah.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,843
  • Feb 4, 2020 10:07am Feb 4, 2020 10:07am
Quoting billytt
{quote} if volume was reliable, trading would be easier than it is.,
Oh boy, you said it.

So much easier for us.
Patience, let the trade come to you.
  • #5,844
  • Feb 4, 2020 10:09am Feb 4, 2020 10:09am
Quoting Mucky
{quote} ... it is only brokers volume, depending on volume keeping in brokers house there is no global fx volume availabe, but you can aggregate volumes fom level 2/3 banks, liquidity provider (UBS, Deutesche Bank ...) if you suppose that broker a and broker b attracts the same number of traders to sell/buy (on average) a particular instrument you will notice some correlation between this brokers specific volumes. Mucky
Thank you for clearing this up.

Now it makes sense.
Patience, let the trade come to you.
  • #5,845
  • Feb 4, 2020 10:17am Feb 4, 2020 10:17am
Quoting prozor7
{quote} CADJPY - update if 81.994 hold on this pullback I would like to see closing the gap from 01.24.2020 and up to 83.255 {image} {image}
CADJPY
exit long pullback to 81-202 - 82.140 would be nice
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #5,846
  • Feb 4, 2020 10:27am Feb 4, 2020 10:27am
USD CAD

JAIL BREAK SYSTEM.


Waiting at "R" Jail.

Final push to clear all stop losses + liquidity.


Waiting for "M" reversal pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad 100.jpg Size: 326 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,847
  • Feb 4, 2020 10:29am Feb 4, 2020 10:29am
Quoting prozor7
{quote} {quote} EURAUD - update I wold like to see 1.63785 - 1.63499 - 1.63230 - 1.62655 {image}
EURAUD update
exit short
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,848
  • Feb 4, 2020 10:38am Feb 4, 2020 10:38am
NZDJPY
watching 71.034 - 71.427 as potential short
pay attention to 70.867 as resistance with pullback to 70.546 if hold above targets should be in play
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #5,849
  • Feb 4, 2020 10:46am Feb 4, 2020 10:46am
CAD JPY

JAIL BREAK SYSTEM

Signature Jail Break Formation.

"W" reversal pattern at the bottom confirming reversal.

NOTE : Didn't take the trade, just sharing a beautiful set up.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy 100.jpg Size: 194 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,850
  • Feb 4, 2020 10:49am Feb 4, 2020 10:49am
NZDCHF
not sure about this it scream sell sell @ 0.62823 - 0.62951 SL @ 0.63193
high possibility up to 0.63512 - 0.63806
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #5,851
  • Feb 4, 2020 10:55am Feb 4, 2020 10:55am
Quoting prozor7
NZDUSD find support @ 0.64634 - 0.64583 pullback to 0.64946 - 0.65019 would be great pay attention to H1 0.64751 {image} {image}
NZDUSD - update
let see if above scenario is possible
H1 resistance was @ 0.64634
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #5,852
  • Edited 12:14pm Feb 4, 2020 11:52am | Edited 12:14pm
GBP/USD 4 hour chart update.

The red arrow is pointing down to the blue zone is where I look for the pair to turn around and drop to lower levels in a hurry.

Wait and see.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-gbp-usd.png Size: 44 KB
Patience, let the trade come to you.
  • #5,853
  • Feb 4, 2020 12:13pm Feb 4, 2020 12:13pm
Quoting PokerChip
GBP/USD 4 hour chart update. The red arrow is pointing down to the blue zone is where I look for the pair to turn around and drop to lower in a hurry. Wait and see. {image}
Maybe MM wants to close the gap before the drop lower
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.png Size: 38 KB
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot2.png Size: 44 KB
  • #5,854
  • Feb 4, 2020 12:16pm Feb 4, 2020 12:16pm
Quoting Kruspe
{quote} Maybe MM wants to close the gap before the drop lower {image} {image}
All we can do is wait now.
Patience, let the trade come to you.
  • #5,855
  • Feb 4, 2020 12:18pm Feb 4, 2020 12:18pm
Quoting Kruspe
{quote} I should be careful what I wish for... I guess {image}
EURCHF has finally hit the bottom... twice
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_CHF_Daily_snapshot.png Size: 34 KB
  • #5,856
  • Feb 4, 2020 12:21pm Feb 4, 2020 12:21pm
Quoting Kruspe
{quote} EURCHF has finally hit the bottom... twice {image}
I traded that earlier, break of the 00-00 bar. small lot
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,857
  • Feb 4, 2020 12:42pm Feb 4, 2020 12:42pm
GBP/USD 4 hour chart update again.

I think this explanation will help traders.

You see the white box area.

Think of this area as (fuel, the juice)(trapped buy traders) for the market makers.

The market maker can't make a profit unless he has buyers.

There is no reason under the sun to push the pair much higher because the market maker can't make a profit.

All you have to do is look to the left at all those green buy candles, that's the incentive to move the pair a lot lower and out of the area..

This tells you the pair is going down.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u-2.png Size: 45 KB
Patience, let the trade come to you.
  • #5,858
  • Feb 4, 2020 12:44pm Feb 4, 2020 12:44pm
GBP USD

Target for GAP area.

Price bouncing in channel, waiting for breakout , either towards Upper Zone or Lower Zone.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 101.jpg Size: 363 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,859
  • Edited 1:19pm Feb 4, 2020 1:02pm | Edited 1:19pm
Quoting Pat Chiko
GBP USD Target for GAP area. Price bouncing in channel, waiting for breakout , either towards Upper Zone or Lower Zone. {image}
I don't believe that the market maker will release all those trapped sell traders to the left.

But you can bet those trapped sell traders are praying to be released from the trap.

Good looking chart though.
Patience, let the trade come to you.
  • #5,860
  • Feb 4, 2020 1:20pm Feb 4, 2020 1:20pm
Quoting PokerChip
GBP/USD 4 hour chart update again. I think this explanation will help traders. You see the white box area. Think of this area as (fuel, the juice)(trapped buy traders) for the market makers. The market maker can't make a profit unless he has buyers. There is no reason under the sun to push the pair much higher because the market maker can't make a profit. All you have to do is look to the left at all those green buy candles, that's the incentive to move the pair a lot lower and out of the area.. This tells you the pair is going down. {image}
Thank you very much sir! Am really learning a lot now

I can see very clearly now...thanks for this wonderful eye opener
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