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The Jail Break System

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  • Post #14,721
  • Quote
  • Jul 8, 2021 1:55pm Jul 8, 2021 1:55pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
Quoting TraderAlli
Disliked
{quote} That's definitely part of the game...as patience is... About Batman ears... {image} Cheers, Charles
Ignored
Lol, that's cool.
Patience & Discipline
 
 
  • Post #14,722
  • Quote
  • Jul 8, 2021 1:57pm Jul 8, 2021 1:57pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
Railroad tracks on AUD/USD and NZD/USD

They both should start moving lower.

A lot of deception in trading forex.
Patience & Discipline
 
 
  • Post #14,723
  • Quote
  • Jul 8, 2021 4:45pm Jul 8, 2021 4:45pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
NZD/USD 15 minute chart.

Here we go again.

The Batman ear is almost complete.
Attached Image (click to enlarge)
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Name: nzdusd-m15-oanda-division1-b.png
Size: 76 KB
Patience & Discipline
 
 
  • Post #14,724
  • Quote
  • Edited 9:31am Jul 9, 2021 9:07am | Edited 9:31am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
NZD/USD 1 hour chart.

I sold it at .69780
Attached Image (click to enlarge)
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Name: nzdusd-h1-oanda-division1-a.png
Size: 93 KB
Patience & Discipline
 
 
  • Post #14,725
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  • Jul 9, 2021 9:51am Jul 9, 2021 9:51am
  •  potay90
  • | Joined Jun 2014 | Status: Member | 111 Posts
Quoting PokerChip
Disliked
NZD/USD 1 hour chart. I sold it at .69780 {image}
Ignored
could you explain on this entry, i know usd are more getting higher
i just see the batman M form bellow W%R 50
 
 
  • Post #14,726
  • Quote
  • Edited 11:10am Jul 9, 2021 10:54am | Edited 11:10am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
Quoting potay90
Disliked
{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
Ignored
I entered my trade by the " M " forming above on the 1 hour chart.

You can see why I took the trade.
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Patience & Discipline
 
 
  • Post #14,727
  • Quote
  • Jul 9, 2021 11:29am Jul 9, 2021 11:29am
  •  potay90
  • | Joined Jun 2014 | Status: Member | 111 Posts
Quoting PokerChip
Disliked
{quote} I entered my trade by the " M " forming above on the 1 hour chart. You can see why I took the trade. {image}
Ignored
But M fomation is not formed yet in the previous, so you anticipate it?
 
 
  • Post #14,728
  • Quote
  • Jul 9, 2021 11:38am Jul 9, 2021 11:38am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
Quoting potay90
Disliked
{quote} But M fomation is not formed yet in the previous, so you anticipate it?
Ignored
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
 
 
  • Post #14,729
  • Quote
  • Jul 9, 2021 12:09pm Jul 9, 2021 12:09pm
  •  Celal
  • | Joined Sep 2017 | Status: Member | 261 Posts
Quoting PokerChip
Disliked
{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.
Ignored
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?
 
 
  • Post #14,730
  • Quote
  • Jul 9, 2021 12:21pm Jul 9, 2021 12:21pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
Quoting Celal
Disliked
{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.
Ignored
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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Name: nzdusd-h1-oanda-division1-b.png
Size: 95 KB
Patience & Discipline
 
 
  • Post #14,731
  • Quote
  • Jul 9, 2021 12:35pm Jul 9, 2021 12:35pm
  •  Celal
  • | Joined Sep 2017 | Status: Member | 261 Posts
Hi PokerChip,
Thank you.
 
 
  • Post #14,732
  • Quote
  • Jul 9, 2021 12:48pm Jul 9, 2021 12:48pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
Quoting Celal
Disliked
Hi PokerChip, Thank you.
Ignored
You're welcome
Patience & Discipline
 
 
  • Post #14,733
  • Quote
  • Jul 10, 2021 9:52am Jul 10, 2021 9:52am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
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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Name: nzdusd-h4-oanda-division1-a.png
Size: 93 KB
Patience & Discipline
 
 
  • Post #14,734
  • Quote
  • Jul 10, 2021 9:55am Jul 10, 2021 9:55am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
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)
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Name: audusd-h4-oanda-division1-b.png
Size: 92 KB
Patience & Discipline
 
 
  • Post #14,735
  • Quote
  • Edited 2:50pm Jul 10, 2021 2:37pm | Edited 2:50pm
  •  Celal
  • | Joined Sep 2017 | Status: Member | 261 Posts
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.
 
1
  • Post #14,736
  • Quote
  • Jul 10, 2021 4:19pm Jul 10, 2021 4:19pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
Quoting Celal
Disliked
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.
Ignored
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
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
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
 
 
  • Post #14,738
  • Quote
  • Jul 10, 2021 10:36pm Jul 10, 2021 10:36pm
  •  MwlRCT
  • Joined Aug 2019 | Status: Member | 319 Posts
Quoting PokerChip
Disliked
Railroad tracks on AUD/USD and NZD/USD They both should start moving lower. A lot of deception in trading forex.
Ignored
Hello friend, How can we overcome this deception and take advantage of it. Thank you.
 
1
  • Post #14,739
  • Quote
  • Edited Jul 11, 2021 7:39am Jul 10, 2021 11:23pm | Edited Jul 11, 2021 7:39am
  •  Celal
  • | Joined Sep 2017 | Status: Member | 261 Posts
Hi PokerChip,
I think when the price crosses the donchian it is appropriate to enter before the bar close? What do you think abaout?
 
1
  • Post #14,740
  • Quote
  • Jul 11, 2021 8:14am Jul 11, 2021 8:14am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,586 Posts
Quoting Celal
Disliked
Hi PokerChip, I think when the price crosses the donchian it is appropriate to enter before the bar close? What do you think abaout?
Ignored
I think that's a great idea. The Donchian is very accurate as well.
Patience & Discipline
 
 
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