The Jail Break System | Page 760 | Forex Factory

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The Jail Break System

  • #15,181
  • Sep 7, 2021 9:55am Sep 7, 2021 9:55am
Closed all positions. That was a good run.
  • #15,182
  • Sep 7, 2021 10:15am Sep 7, 2021 10:15am
Shorted bitcoin
  • #15,183
  • Sep 7, 2021 10:18am Sep 7, 2021 10:18am
Quoting Houtbay
Shorted bitcoin
I hope it goes to 0.0000
Patience, let the trade come to you.
  • #15,184
  • Sep 7, 2021 11:36am Sep 7, 2021 11:36am
Hi PokerChip,
I coudn't understand how you decide the direction at last method, you can behave against H4 50EMA,200EMA or you can't behave 200 EMA of hier time frame (D1). Can you explain. May be you think how strong these sup-dem, these strong sup-demands can be hit. Thank you.
  • #15,185
  • Sep 7, 2021 11:46am Sep 7, 2021 11:46am
47683 is resistance for bitcoin
  • #15,186
  • Sep 7, 2021 12:17pm Sep 7, 2021 12:17pm
Quoting Celal
Hi PokerChip, I coudn't understand how you decide the direction at last method, you can behave against H4 50EMA,200EMA or you can't behave 200 EMA of hier time frame (D1). Can you explain. May be you think how strong these sup-dem, these strong sup-demands can be hit. Thank you.
Can you give me a chart example of what you mean ?
Patience, let the trade come to you.
  • #15,187
  • Sep 7, 2021 12:45pm Sep 7, 2021 12:45pm
Quoting Celal
Hi PokerChip, I coudn't understand how you decide the direction at last method, you can behave against H4 50EMA,200EMA or you can't behave 200 EMA of hier time frame (D1). Can you explain. May be you think how strong these sup-dem, these strong sup-demands can be hit. Thank you.
Here's how I got to the direction.

See the white arrow, it's pointing to the reason why I thought the direction would be higher.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h4-fx-glory-group-e.png Size: 94 KB
Patience, let the trade come to you.
  • #15,188
  • Sep 7, 2021 2:07pm Sep 7, 2021 2:07pm
Hi PokerChip,
I want to learn the mentality to determine direction, may be ıt is easy for you but I can't. for examle what is wrong for this chart, sorry I'm asking to learn, thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH4.png Size: 34 KB
  • #15,189
  • Sep 7, 2021 2:15pm Sep 7, 2021 2:15pm
Quoting Celal
Hi PokerChip, I want to learn the mentality to determind direction may be ıt is easy for you but I can't. for examle what is wrong for this chart, sorry I'm asking to learn, thanks. {image}
Oh I see what you mean now.

Okay, look at the bottom of the EUR/CHF 4 hour chart when it hits the verified support.

What I do is wait for a pair to bounce 3-4 times going up or going down.

After about the 3-4 bounces a pair will take off from the support or the resistance.

Like with EUR/CHF it bounces 4 times then it took off higher because it was at verified support, it couldn't move any lower.

That's how I do it.
Patience, let the trade come to you.
  • #15,190
  • Sep 7, 2021 2:58pm Sep 7, 2021 2:58pm
Hi PokerChip,
I understand now, thank you very much, good luck.
  • #15,191
  • Sep 7, 2021 3:06pm Sep 7, 2021 3:06pm
Quoting Celal
Hi PokerChip, I understand now, thank you very much, good luck.
EUR/CHF 4 hour chart.

I think this is the left shoulder.

The head is above, the pair should start falling now.

And create a right shoulder, we will see how it plays out.

You're welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h4-fx-glory-group-q.png Size: 95 KB
Patience, let the trade come to you.
  • #15,192
  • Sep 7, 2021 6:53pm Sep 7, 2021 6:53pm
Looking at a pair, and I'm using EUR/CHF on the 4 chart to point out when I buy.

After the pair bounced 4 times on the verified support I'll wait for what I call " icicles " to start forming.

Look at the arrows these are what I call icicles, they can be 20-50 pips long, try to buy at or near the bottom.

On the 4 hour line chart I might wait 4-6 hours for the bottom, then I will buy, sometimes I get within 10-15 pips.

But these are telling you it's time to buy, you just have to be patient.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h4-fx-glory-group-a.png Size: 96 KB
Patience, let the trade come to you.
  • #15,193
  • Sep 8, 2021 2:33am Sep 8, 2021 2:33am
Hi PokerChip,
I understand that you buy at the rising 3th arrow. Is it true?
  • #15,194
  • Sep 8, 2021 7:24am Sep 8, 2021 7:24am
Quoting Celal
Hi PokerChip, I understand that you buy at the rising 3th arrow. Is it true?
Usually the largest move is after the 3rd arrow.
Patience, let the trade come to you.
  • #15,195
  • Sep 8, 2021 9:19am Sep 8, 2021 9:19am
EUR/USD 4 hour chart.

I put blue levels in where I think the pair is going to reverse, then you can jump back in a little higher up with a sell.

The 4th blue level is where I think will find support very soon , then it's a buy after that,

Don't forget, a pair will usually bounce a few times before moving higher. It could last a few day.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fx-glory-group-a.png Size: 81 KB
Patience, let the trade come to you.
  • #15,196
  • Sep 8, 2021 11:24am Sep 8, 2021 11:24am
EUR/USD 4 hour chart.

Okay, this is the 3rd arrow down, I think it should push at least 75 pips down.

Try and sell at the peak of the upside down icicle. 1.18350 might be the peak to sell, just a guess.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fx-glory-group-d.png Size: 82 KB
Patience, let the trade come to you.
  • #15,197
  • Sep 8, 2021 11:26am Sep 8, 2021 11:26am
Usdchf I shorted
  • #15,198
  • Sep 8, 2021 1:06pm Sep 8, 2021 1:06pm
Gold I have longed
  • #15,199
  • Sep 8, 2021 1:43pm Sep 8, 2021 1:43pm
EUR/GBP 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-h4-fx-glory-group-b.png Size: 107 KB
Patience, let the trade come to you.
  • #15,200
  • Sep 8, 2021 2:29pm Sep 8, 2021 2:29pm
GBP/USD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-fx-glory-group-f.png Size: 111 KB
Patience, let the trade come to you.
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