The Jail Break System | Page 697 | 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

  • #13,921
  • Apr 13, 2021 9:50pm Apr 13, 2021 9:50pm
Note: I think after the big push north this evening on the pairs AUD/USD and NZD/USD.

I look for these 2 pairs to move lower soon, as in tomorrow.

I would only be a seller in these 2 pairs.

I would be a buyer in USD/CAD and USD/JPY AND USD/CHF.
Patience, let the trade come to you.
  • #13,922
  • Apr 16, 2021 8:43am Apr 16, 2021 8:43am
Enjoy your weekend Pockerchip. Did you have a good trading week? Do you trade on Fridays?
  • #13,923
  • Apr 17, 2021 1:41pm Apr 17, 2021 1:41pm
Gbpusd is in an uptrend. If price breaks and stays above 1.38500 then will get a nice break out upwards.
  • #13,924
  • Apr 18, 2021 2:38am Apr 18, 2021 2:38am
Cadchf long trend is down as well as short trend. If the 0.73600 level holds then sell confirmed.
  • #13,925
  • Apr 18, 2021 4:56am Apr 18, 2021 4:56am
Nzdusd Trend is up, support at 0.71400
  • #13,926
  • Apr 19, 2021 11:09am Apr 19, 2021 11:09am
Eurnzd I have sold short
  • #13,927
  • Edited Apr 20, 2021 6:20am Apr 19, 2021 8:05pm | Edited Apr 20, 2021 6:20am
what do you think bout GBPJPY @ 151.28
MM works the area of yesterdayHi, RRT formed at the resistance 3DH.
What else would you wait for confluence before trading that pair?
Saw yesterday several large canldes luren retailers that price will get higher, could it be real BO or a trap? Could price retest 150.82 or 150.59 to force buyer to close positions, then after that price would get higher forming level 2



edit: gbpjpy BO 60 pips from 3DH, then revers, will it hold 151.32?
  • #13,928
  • Edited Apr 20, 2021 6:32am Apr 19, 2021 8:22pm | Edited Apr 20, 2021 6:32am
GBPAUD @1.7998
forming price wall at yH, also 1DH met 3DH resistance;
divergence, could price retests 1.7961, 1.7937 or 1.7912 to kill the long holders, before it goes higher?


edit:
did retest lower level 1.7912... then rise
  • #13,929
  • Apr 19, 2021 8:46pm Apr 19, 2021 8:46pm
Quoting Houtbay
Cadchf long trend is down as well as short trend. If the 0.73600 level holds then sell confirmed.
CADCHF@ 0.7314
MM works the area yL; 3DL met 1DL; price bounced back from support
Several large red candles recently pushed price down, what is about the hypotherse that with those large candles MM luring retailers into short trend, then force them to close soon their position if price rise strongly from that low area?
  • #13,930
  • Apr 19, 2021 9:48pm Apr 19, 2021 9:48pm
AUSUSD @ 0,7789
MM works the yH, where 3DH and 1DH resistances met, show of strong momentum, could reach as far as 0.78149 or 0,78491. Still we want to wait for the MM's action about London opening before making decision ...

Have learnt today where strong resistance like this area would not hold always ....
  • #13,931
  • Apr 20, 2021 5:33am Apr 20, 2021 5:33am
Have a look at Eurusd ntk and tell me what you think? A buy or sell?
  • #13,932
  • Edited 9:57pm Apr 20, 2021 9:20pm | Edited 9:57pm
Quoting Houtbay
Have a look at Eurusd ntk and tell me what you think? A buy or sell?
Although we have no clear Break of structure, which proves a real strength in EU, with clear up trend we would see after EU closes above 1.2080,
I am incline to buy in short-term, because of followings:
1/ market has reacted on yesterday low (1DL or yL) with RRT
2/ EU is in an upwards price channel
3/ $ index dependent, many sources point to a weakening $ in near weeks months
4/ RSI is still over 50
5/ Although there were some large red candles in H4, but in H1 and D1 they express indecision,
6/ conventional TA believe in EMA, but ema13 still > EMa50 >ema200, so many ppl still believe in strong strength, as long as price is above ema0, and ema0 > ema200, caution but no alarm for weakness
7/ EMA200 cross over ema800, in BTTMM view we enter lever 3 up, market is chopping, but price could swing far in this level

I would see weakness back on the scene when EU breaks under 1.9440

Buy or sell, pls make sure of SL. One event can change all analysis in a blink is the RESET, nobody can foresee it or explains, only when price bounces from ema200 then damage already done, the cause is maybe the greed of MM, or their need or urgent liquidity....
Attached Image (click to enlarge)
Click to Enlarge Name: ada344dd251d5ad0dc8f6dcfc23aa524.png Size: 53 KB
  • #13,933
  • Apr 21, 2021 5:25am Apr 21, 2021 5:25am
Gbpusd I am selling
  • #13,934
  • Apr 21, 2021 6:43am Apr 21, 2021 6:43am
I am buying usdjpy to the upside.
  • #13,935
  • Apr 21, 2021 6:43am Apr 21, 2021 6:43am
Quoting ntk
{quote} Although we have no clear Break of structure, which proves a real strength in EU, with clear up trend we would see after EU closes above 1.2080, I am incline to buy in short-term, because of followings: 1/ market has reacted on yesterday low (1DL or yL) with RRT 2/ EU is in an upwards price channel 3/ $ index dependent, many sources point to a weakening $ in near weeks months 4/ RSI is still over 50 5/ Although there were some large red candles in H4, but in H1 and D1 they express indecision, 6/ conventional TA believe in EMA, but ema13...
I also change order to sell EU, price has broken pivot support 1.2012 retest and continue falling. SL 17 pips 1.20229, TP 1.1944
  • #13,936
  • Apr 21, 2021 7:14am Apr 21, 2021 7:14am
Quoting Houtbay
Gbpusd I am selling

not easy decision. my GU has dipped below ema50, seems to formed M in H1.
if from 1.1920 it broken 1.1916, I start a sell,
if it hold 1.1920 and should swifftly moving back from that area to above 1.3927 i will buy
Attached Image (click to enlarge)
Click to Enlarge Name: cef4ced87ca76136b508d15c63e5a40f.png Size: 14 KB
  • #13,937
  • Apr 21, 2021 7:30am Apr 21, 2021 7:30am
GC buy from 1.7556 scalp aim TP 1.7580
  • #13,938
  • Edited 8:08am Apr 21, 2021 7:38am | Edited 8:08am
Quoting ntk
what do you think bout GBPJPY @ 151.28 MM works the area of yesterdayHi, RRT formed at the resistance 3DH. What else would you wait for confluence before trading that pair? Saw yesterday several large canldes luren retailers that price will get higher, could it be real BO or a trap? Could price retest 150.82 or 150.59 to force buyer to close positions, then after that price would get higher forming level 2 edit: gbpjpy BO 60 pips from 3DH, then revers, will it hold 151.32?
now GJ at 150.33
.... conspiracy seems to gain momentum "Could price retest 150.82 or 150.59 to force buyer to close positions, then after that price would get higher forming level 2 ...
"
nope, break under >10 pips, it is a real sell.
  • #13,939
  • Apr 21, 2021 8:55am Apr 21, 2021 8:55am
I have closed my Gbpusd shorts, and I am going long again
  • #13,940
  • Apr 21, 2021 10:44am Apr 21, 2021 10:44am
Quoting ntk
{quote} I also change order to sell EU, price has broken pivot support 1.2012 retest and continue falling. SL 17 pips 1.20229, TP 1.1944
EU SL hit an other 17 pips, has cheated me very nice,
I should have followed US index since US opening
buy limit 1.2015
27 traders viewing now