The Jail Break System | Page 588 | Forex Factory

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The Jail Break System

  • #11,741
  • Apr 15, 2020 9:28am Apr 15, 2020 9:28am
GBP/USD 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 34 KB
Patience, let the trade come to you.
  • #11,742
  • Apr 15, 2020 9:40am Apr 15, 2020 9:40am
Quoting PokerChip
GBP/USD 4 hour chart update. {image}
Hi PC, When do you consider the reversal confirmed to start taking entries, after the first drop and RR accumulation or the 2nd?
  • #11,743
  • Apr 15, 2020 9:54am Apr 15, 2020 9:54am
Quoting jado911
{quote} Hi PC, When do you consider the reversal confirmed to start taking entries, after the first drop and RR accumulation or the 2nd?
That's a good question.

Usually after the 1st level is confirmed.

The market maker likes to move away from the reversal area and then return to the reversal area, that way he gets to sets of retail traders trapped. Pure greed.
Patience, let the trade come to you.
  • #11,744
  • Apr 15, 2020 10:06am Apr 15, 2020 10:06am
good day to all
what a great day

hope you grab some pips
Forex can only be understood backwards, but it must be traded forwards.
  • #11,745
  • Apr 15, 2020 10:18am Apr 15, 2020 10:18am
Hi Everyone - I just read through the Market Maker pdf that was kindly provided to us and have to say what an excellent and important read it is and I highly recommend anyone who has not yet done so to read through it, regardless of your experience level in the markets. Lots of it very much in line with PC's Jailbreak System.
  • #11,746
  • Apr 15, 2020 11:01am Apr 15, 2020 11:01am
EUR/CAD 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: photo_2020-04-15_11-58-12.jpg Size: 53 KB
Patience, let the trade come to you.
  • #11,747
  • Apr 15, 2020 11:40am Apr 15, 2020 11:40am
GBP/JPY 4 hour chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyi-h4-tw-corp-g-j-2.png Size: 36 KB
Patience, let the trade come to you.
  • #11,748
  • Apr 15, 2020 11:51am Apr 15, 2020 11:51am
Quoting prozor7
NZDJPY looking 64.347 - 64.099 if hold long pay attention to 64.856 as support / resistance line
NZDJPY - update
there is a potential for more down to 62.485 - 62.062 if price can't pass and close above 64.772 - 64.856

pay attention to 64.099 breaking this level next TP 63.544 - 63.459
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #11,749
  • Apr 15, 2020 11:57am Apr 15, 2020 11:57am
Quoting prozor7
{quote} NZDJPY - update there is a potential for more down to 62.485 - 62.062 if price can't pass and close above 64.772 - 64.856 pay attention to 64.099 breaking this level next TP 63.544 - 63.459 {image}
Got my eyes N/U it’s found support at 6000.0 should this break it a sign for a bigger move down south.
  • #11,750
  • Apr 15, 2020 11:58am Apr 15, 2020 11:58am
Good to see so many get the feel of JB so quickly and making serious dosh.
anyone get into those i mentioned yesterday. GBPCAD 180pips up
Aud NZD about to break through eventually
EUR CHF IN POSITIVE AND HEADING SOUTH. LONG WAY TO GO to at least 99300
keep well buddies
  • #11,751
  • Apr 15, 2020 12:00pm Apr 15, 2020 12:00pm
Quoting prozor7
{quote} EURCAD - update expecting resistance @ 1.53304 where I will close long
EURCAD - update
I would like to see pullback to 1.53399 - 1.533304 to reload long
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #11,752
  • Apr 15, 2020 12:03pm Apr 15, 2020 12:03pm
Quoting RieseP
{quote} Got my eyes N/U it’s found support at 6000.0 should this break it a sign for a bigger move down south.
agree NZD doesn't look healthy
watching on MN 0.60011 if can't hold 0.58806 - 0.58240
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #11,753
  • Apr 15, 2020 12:05pm Apr 15, 2020 12:05pm
GBP/USD 4 hour chart update.

The reason for the 200 pip drop was a stop hunt.

The pair is back on it's normal course of moving higher.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h4-tw-corp-g-u.png Size: 34 KB
Patience, let the trade come to you.
  • #11,754
  • Apr 15, 2020 12:10pm Apr 15, 2020 12:10pm
[quote = MQLTrade; 12876257] {quote}大家好，我同意PC ....反转点似乎还不算远：在4H AUDCAD达到先前的波动目标TP @ 8883 / .8939，实际波动在卖出的时候设定停止.8848 .....我们将看到，我将按照事件向所有{image} [/ quote]发出绿色点
Can you share the index of the picture on the right?
  • #11,755
  • Apr 15, 2020 12:11pm Apr 15, 2020 12:11pm
Quoting pamc
Good to see so many get the feel of JB so quickly and making serious dosh. anyone get into those i mentioned yesterday. GBPCAD 180pips up Aud NZD about to break through eventually EUR CHF IN POSITIVE AND HEADING SOUTH. LONG WAY TO GO to at least 99300 keep well buddies
Been watching from the sidelines so far this week but always good to read your recommendations and glad to see you're making money
  • #11,756
  • Apr 15, 2020 12:11pm Apr 15, 2020 12:11pm
WTI oil daily chart update.
Attached Image (click to enlarge)
Click to Enlarge Name: wticrude-d1-tw-corp-wti-oil.png Size: 24 KB
Patience, let the trade come to you.
  • #11,757
  • Apr 15, 2020 12:15pm Apr 15, 2020 12:15pm
Quoting PokerChip
WTI oil daily chart update. {image}
The concern about oil at the moment is demand...regardless of the agreed cuts demand is down so significantly that price may have even further to drop..I remember trading $10 oil when I worked for a major 20 years ago and although it seems unlikely it's not impossible we see single digits again
  • #11,758
  • Apr 15, 2020 12:16pm Apr 15, 2020 12:16pm
Quoting PokerChip
GBP/USD 4 hour chart update. The reason for the 200 pip drop was a stop hunt. The pair is back on it's normal course of moving higher. {image}
GBPUSD
breaking 1.25464 price should go up on D1 to 1.26911 or even higher on MN to 1.28205
Forex can only be understood backwards, but it must be traded forwards.
  • #11,759
  • Apr 15, 2020 12:22pm Apr 15, 2020 12:22pm
Quoting Wellington
{quote} The concern about oil at the moment is demand...regardless of the agreed cuts demand is down so significantly that price may have even further to drop..I remember trading $10 oil when I worked for a major 20 years ago and although it seems unlikely it's not impossible we see single digits again
I agree, were in the middle of nowhere right now.

To many variables with WTI oil, we should have more information by the end of the month.

To early to trade oil.
Patience, let the trade come to you.
  • #11,760
  • Apr 15, 2020 12:24pm Apr 15, 2020 12:24pm
Quoting prozor7
{quote} GBPUSD breaking 1.25464 price should go up on D1 to 1.26911 or even higher on MN to 1.28205
I agree with you, I think it will move up to around 1.25610 today.

It's moving away from all those sellers, and dumping sells and now the market maker has become a buyer just like us.
Patience, let the trade come to you.
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