FX_IDC:GBPUSD   British Pound / U.S. Dollar
1. Pound is a long on the weekly time frame
2. It has been making higher swing lows
3. It is in a squeeze situation on the Alley gator
4. Buy Stop @ 1.5691 Fractal
5. Set stop under blue alley-gator line when trade is filled.
6. This trade based on daily time frame
7. In buy zone on both oscillators
I don't like the closed jaws, but yes, could possibly work.
paulyberndt IvanLabrie
because this is a momentum based trade system Bill Williams in his books highlights this as one of the better trade setups. You will often catch the beginning of the trend and you are buying at squeeze setup, or low rent district as he describes it. Often I find price will take out the fractal and then go back retest the jaw line and then make its move. Its not 100% like anything but it is his rules will see what happens
IvanLabrie paulyberndt
I see, I prefer his 1st edition material in general, but I do reckon the 2nd edition has some valuable insights.
IvanLabrie IvanLabrie

I entered here, looks like your setup will work. (I'm long gbpusd and short audusd, to capture this potential spread widening situation)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out