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Attachments: The Jail Break System
Exit Attachments

The Jail Break System

Quoting TraderAlli
{quote} That's definitely part of the game...as patience is... About Batman ears... {image} Cheers, Charles
Lol, that's cool.
Patience & Discipline
Railroad tracks on AUD/USD and NZD/USD

They both should start moving lower.

A lot of deception in trading forex.
Patience & Discipline
NZD/USD 15 minute chart.

Here we go again.

The Batman ear is almost complete.
Attached Image (click to enlarge)
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Patience & Discipline
NZD/USD 1 hour chart.

I sold it at .69780
Attached Image (click to enlarge)
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Patience & Discipline
Quoting PokerChip
NZD/USD 1 hour chart. I sold it at .69780 {image}
could you explain on this entry, i know usd are more getting higher
i just see the batman M form bellow W%R 50
Quoting potay90
{quote} could you explain on this entry, i know usd are more getting higher i just see the batman M form bellow W%R 50
I entered my trade by the " M " forming above on the 1 hour chart.

You can see why I took the trade.
Attached Image (click to enlarge)
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Patience & Discipline
Quoting PokerChip
{quote} I entered my trade by the " M " forming above on the 1 hour chart. You can see why I took the trade. {image}
But M fomation is not formed yet in the previous, so you anticipate it?
Quoting potay90
{quote} But M fomation is not formed yet in the previous, so you anticipate it?
Correct, I if I have 3/4 of a Batman ear formed, I'm going to take the trade.

History repeats it's self over and over.
Patience & Discipline
Quoting PokerChip
{quote} Correct, I if I have 3/4 of a Batman ear formed, I'm going to take the trade. History repeats it's self over and over.
Hi PokerChip,
I understand that you enter at the second leg of M or W, when socond leg cross the neck (I gues) and you don't wait %R Williams cross 20 ema. Can you explain details and show the entering bar on the chart. Is 3/4 of batman ear means befor the neck crossed?
Quoting Celal
{quote} Hi PokerChip, I understand that you enter at the second leg of M or W, when socond leg cross the neck (I gues) and you don't wait %R Williams cross 20 ema. Can you explain details and show the entering bar on the chart.
As you can see from the 3 previous " M " on the chart I'll wait for the last leg and enter the trade. It might be to early but I want to get in as high as I can on the chart

because if I'm right I'll make for of a profit.

Also the NZD/USD has been falling since February 25th, the monthly, weekly, daily candles are red.

I just don't see any reason to be in a buy trade, if I know it's a down trend.
Attached Image (click to enlarge)
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Patience & Discipline
Hi PokerChip,
Thank you.
Quoting Celal
Hi PokerChip, Thank you.
You're welcome
Patience & Discipline
NZD/USD 4 hour chart.

If the pair breaks the 50 day moving average I look for the pair to move up to .70850 area.
Attached Image (click to enlarge)
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Patience & Discipline
AUD/USD 4 hour chart.

If the pair breaks above the 50 day moving average I look for it to move to .75657
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4-oanda-division1-b.png Size: 92 KB
Patience & Discipline
Hi PokerChip,
I have a problem and I want to learn your ideas. For entry I wait the close of the bar, sometimes MM puls the price too high and the position becomes too risky. If I don't wait the close of the bar MM can push the price against me. Must I waith the clöse of the bar or can I enter when %R Williams crosses -50 in the middle of the bar, befour the close of the bar.
Quoting Celal
Hi PokerChip, I have a problem and I want to learn your ideas. For entry I wait the close of the bar, sometimes MM puls the price too high and the position becomes too risky. If I don't wait the close of the bar MM can push the price against me. Must I waith the clöse of the bar or can I enter when %R Williams crosses -50 in the middle of the bar, befour the close of the bar.
The best trade to make in my view is when the pair is above the -20 or below the -80.

These are the cream of the crop trades. It doesn't get any better.

Just try to be patient and wait for this to happen.

This happens everyday on 8 major pairs.

Just pick one each day, 1-2 trades a day.

That way you don't run the risk of getting stuck.
Patience & Discipline
  • Post #14,737
  • Quote
  • Edited Jul 11, 2021 8:39am Jul 10, 2021 8:49pm | Edited Jul 11, 2021 8:39am
If you want to know the sentiment of a pair you can go to fxblue.com

It seems pretty accurate.

If you do look at the sentiment, if it says 40% red and 60% blue.

I recommend that you always be with the lower number.

The market maker 90% of the time going to trap the larger herd for the slaughter.

Greed
Patience & Discipline
Quoting PokerChip
Railroad tracks on AUD/USD and NZD/USD They both should start moving lower. A lot of deception in trading forex.
Hello friend, How can we overcome this deception and take advantage of it. Thank you.
  • Post #14,739
  • Quote
  • Edited Jul 11, 2021 7:39am Jul 10, 2021 11:23pm | Edited Jul 11, 2021 7:39am
Hi PokerChip,
I think when the price crosses the donchian it is appropriate to enter before the bar close? What do you think abaout?
Quoting Celal
Hi PokerChip, I think when the price crosses the donchian it is appropriate to enter before the bar close? What do you think abaout?
I think that's a great idea. The Donchian is very accurate as well.
Patience & Discipline
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