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The Jail Break System

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  • Post #14,741
  • Quote
  • Edited 8:40am Jul 11, 2021 8:20am | Edited 8:40am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
Quoting MwlRCT
Disliked
{quote} Hello friend, How can we overcome this deception and take advantage of it. Thank you.
Ignored

Hello MwIRCT,

The deception is always going to be there. That's how the market maker makes a huge profit, is by deception.

One way I try to stay out of trouble is by limiting your pips. When I enter a trade I'm looking for 20 pips and I close the trade.

The longer you stay in the trade the shorter the fuse gets, then if you stay in the trade to long, boom it turns against you.

I would recommend entering trades after the London open and after the New York open.

This way you should know the trend by now.
Patience & Discipline
 
 
  • Post #14,742
  • Quote
  • Jul 11, 2021 10:12am Jul 11, 2021 10:12am
  •  Celal
  • | Joined Sep 2017 | Status: Member | 257 Posts
Hi PokerChip,
Thank you.
 
1
  • Post #14,743
  • Quote
  • Jul 11, 2021 12:36pm Jul 11, 2021 12:36pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
Quoting Celal
Disliked
Hi PokerChip, Thank you.
Ignored
You're welcome.
Patience & Discipline
 
 
  • Post #14,744
  • Quote
  • Jul 11, 2021 12:37pm Jul 11, 2021 12:37pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
As of right now sentiment is to be a buyer on pairs AUD/USD, NZD/USD, GBP/USD, EUR/USD

Sentiment can change in just a few hours or days.
Patience & Discipline
 
1
  • Post #14,745
  • Quote
  • Edited 1:06pm Jul 12, 2021 12:53pm | Edited 1:06pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
NZD/USD 1 hour chart.

When the Williams % R crosses underneath the -50 I will sell it.

I'm breaking my rule of not trading on Monday but I think this will be a nice short trade.

The 20 day moving average is below the -50 on the 1 hour chart.
Attached Image (click to enlarge)
Click to Enlarge

Name: nzdusd-h1-fx-glory-group-a.png
Size: 85 KB
Patience & Discipline
 
1
  • Post #14,746
  • Quote
  • Jul 12, 2021 5:57pm Jul 12, 2021 5:57pm
  •  tjanos2000
  • | Joined Apr 2009 | Status: Member | 6 Posts
Quoting PokerChip
Disliked
NZD/USD 1 hour chart. When the Williams % R crosses underneath the -50 I will sell it. I'm breaking my rule of not trading on Monday but I think this will be a nice short trade. The 20 day moving average is below the -50 on the 1 hour chart. {image}
Ignored
PokerChip

Often, you refer to moving averages as daily.

In your post above, that is a 20 period moving average and not a 20 day moving average. This might be an old habit when you used to trade the the daily candles...I cannot possibly know.

To be precise this time we are talking about the 20 hour moving average.

I trust that you will not be offended by my note as I enjoy and have been following your thread with much appreciation.
 
1
  • Post #14,747
  • Quote
  • Jul 12, 2021 6:13pm Jul 12, 2021 6:13pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
Quoting tjanos2000
Disliked
{quote} PokerChip Often, you refer to moving averages as daily. In your post above, that is a 20 period moving average and not a 20 day moving average. This might be an old habit when you used to trade the the daily candles...I cannot possibly know. To be precise this time we are talking about the 20 hour moving average. I trust that you will not be offended by my note as I enjoy and have been following your thread with much appreciation.
Ignored
I stand corrected, thank you sir.

Old habits are hard to break, lol.
Patience & Discipline
 
 
  • Post #14,748
  • Quote
  • Jul 14, 2021 12:37pm Jul 14, 2021 12:37pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
NZD/USD 1 hour chart.

Note: When you see a spread out " M " like we have in the Williams % R, what that means is that the pair is going to drop a long way.

I would recommend to go back in time and take a look at a spread out " M ".

They fall a long way.
Attached Image (click to enlarge)
Click to Enlarge

Name: nzdusd-h1-fx-glory-group-a.png
Size: 87 KB
Patience & Discipline
 
1
  • Post #14,749
  • Quote
  • Jul 14, 2021 12:54pm Jul 14, 2021 12:54pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
Just to give you a idea, here's a recent chart.

Charts don't lie.
Attached Image (click to enlarge)
Click to Enlarge

Name: nzdusd-h1-fx-glory-group-b.png
Size: 88 KB
Patience & Discipline
 
1
  • Post #14,750
  • Quote
  • Jul 14, 2021 3:03pm Jul 14, 2021 3:03pm
  •  Celal
  • | Joined Sep 2017 | Status: Member | 257 Posts
Hi PokerChip,
You are the best teacher that I saw.
 
 
  • Post #14,751
  • Quote
  • Jul 14, 2021 3:43pm Jul 14, 2021 3:43pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
Quoting Celal
Disliked
Hi PokerChip, You are the best teacher that I saw.
Ignored
Well thank you Celal.

I appreciate that.
Patience & Discipline
 
1
  • Post #14,752
  • Quote
  • Jul 14, 2021 9:36pm Jul 14, 2021 9:36pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
The “ M “ has formed on the 4 hour chart of the Williams % R on the pair NZD/USD.
Patience & Discipline
 
1
  • Post #14,753
  • Quote
  • Jul 14, 2021 9:50pm Jul 14, 2021 9:50pm
  •  potay90
  • | Joined Jun 2014 | Status: Member | 111 Posts
You mean this one
Attached Image (click to enlarge)
Click to Enlarge

Name: NZD-USD 15-7-2021.png
Size: 141 KB
 
 
  • Post #14,754
  • Quote
  • Jul 14, 2021 10:01pm Jul 14, 2021 10:01pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
Quoting potay90
Disliked
You mean this one {image}
Ignored
Yes, I have sold NZD/USD at .70163
Patience & Discipline
 
 
  • Post #14,755
  • Quote
  • Jul 14, 2021 10:33pm Jul 14, 2021 10:33pm
  •  potay90
  • | Joined Jun 2014 | Status: Member | 111 Posts
Quoting PokerChip
Disliked
{quote} Yes, I have sold NZD/USD at .70163
Ignored
hi poker chip do you consider the w on daily chart on nzd/usd
 
 
  • Post #14,756
  • Quote
  • Jul 14, 2021 10:47pm Jul 14, 2021 10:47pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
Quoting potay90
Disliked
{quote} hi poker chip do you consider the w on daily chart on nzd/usd
Ignored
Yes, that's just a inverted M.
Patience & Discipline
 
 
  • Post #14,757
  • Quote
  • Jul 14, 2021 11:27pm Jul 14, 2021 11:27pm
  •  potay90
  • | Joined Jun 2014 | Status: Member | 111 Posts
Quoting PokerChip
Disliked
{quote} Yes, that's just a inverted M.
Ignored
do you consider is as risk factor on daily, i mean your target is 20 short term but for long term do you think price on daily will push up
 
1
  • Post #14,758
  • Quote
  • Jul 14, 2021 11:37pm Jul 14, 2021 11:37pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
Quoting potay90
Disliked
{quote} do you consider is as risk factor on daily, i mean your target is 20 short term but for long term do you think price on daily will push up
Ignored
At the present time the US Dollar is climbing.
I would only be a seller of any currency vs the dollar.
I think it would be wise to sell the peaks.
Patience & Discipline
 
 
  • Post #14,759
  • Quote
  • Jul 15, 2021 2:35am Jul 15, 2021 2:35am
  •  Celal
  • | Joined Sep 2017 | Status: Member | 257 Posts
Quoting PokerChip
Disliked
{quote} 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.
Ignored
Hi PokerChip,
In this paragraph you said ''The best trade to make in my view is when the pair is above the -20 or below the -80.'' Sometimes when Williams %R rippling between 0--20 the price crosses Donchian(20), If we enter these trades are they profitable or risky, the price is too high and it breaks Donchian upwards?
 
1
  • Post #14,760
  • Quote
  • Jul 15, 2021 9:38am Jul 15, 2021 9:38am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,560 Posts
Quoting Celal
Disliked
{quote} Hi PokerChip, In this paragraph you said ''The best trade to make in my view is when the pair is above the -20 or below the -80.'' Sometimes when Williams %R rippling between 0--20 the price crosses Donchian(20), If we enter these trades are they profitable or risky, the price is too high and it breaks Donchian upwards?
Ignored
Hello Celal,
If you use the 1 hour chart to trade with, the Williams % R -20 and -80 is your best friend. Why ? because you want to wait for the " M " and " W " to appear. When you see them appear you should act accordingly and enter your trade.

It just doesn't get any better than this.

I hope this helps.
Patience & Discipline
 
1
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