Ichimoku_Trader

Jailbreak trade in progress...

FX:GBPUSD   英镑/美元
805 5 22
..
评论: Currently at the lower support line..
A very lucrative next move should develop now
评论: The move up looks corrective for now
Let's see how it develops
评论:
评论:
评论: Looks like a deeper retrace before continuing to the dotted TL
News coming up so be careful

评论: Broke the TL
Now retesting
评论: and we have take off after retesting the TL
评论:
评论: Next stop is the upper resistance
We can expect pullbacks for those who still want to enter
this chart will no longer be updated
I've been studying more and more.

Question session, what does jail break mean? I can't seem to find anything on this technical analysis topic, I have read it before in a magazine years ago but can't seem to find the article on it.

Does this mean that it's going to be range bound and be moving in every which way direction by the bound? If so does this make it a good Iron Condor candidate with options?

Many Thanks in advance
回复
Ichimoku_Trader StaniecLukasz
@StaniecLukasz,

It's just a fun name for a tradable rangebound market and I have no idea what is an iron condor so I can't tell you if it is or not
回复
StaniecLukasz Ichimoku_Trader
@Ichimoku_Trader, now I know. Iron Condor is a 4 legged option tactic that captures credit on a range bound movement. The wider the strikes/range the higher the probability but the lower the credit to be received if successful around expiration and vice versa.

Fantastic thanks a bunch
回复
why do you think it is corrective and not reversing the down trend to move upward?
回复
@aa2016,

It is slow going up
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