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The Jail Break System

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  • Post #14,481
  • Quote
  • Edited 4:26pm Jun 19, 2021 2:38pm | Edited 4:26pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,554 Posts
Quoting Houtbay
Disliked
Eurusd should continue falling, retrace and then fall to the line you have indicated. Thanks Pockerchip for your mentoring.
Ignored
You're welcome

I think EU, AU, NU, GU move higher Sunday and early Monday then turn and fall.

I hope you buy SQQQ you’ll be surprised how fast it moves up when the markets start to drop.
Patience & Discipline
1
 
  • Post #14,482
  • Quote
  • Jun 19, 2021 7:50pm Jun 19, 2021 7:50pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,554 Posts
EUR/USD daily chart.

Note: This is very important to remember.

First of all I use the Williams % R in reverse, the 100 is at the bottom and the 0 is at the top. I think it just works better this way.

Anyway, when you see the Williams % R buried at the bottom or the top. In this case it's at the bottom, it's going to be staying at the bottom for awhile.

What I'm saying is, if you sell it I would highly recommend that you stay in the trade because it's going to keep on dropping.

The dollar is on a rampage higher.

Which means the stock markets are dropping.

Enjoy your weekend.
Attached Image (click to enlarge)
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Name: eurusd-d1-oanda-division1-d.png
Size: 115 KB
Patience & Discipline
 
1
  • Post #14,483
  • Quote
  • Jun 21, 2021 6:56pm Jun 21, 2021 6:56pm
  •  PhillipmC
  • | Joined May 2019 | Status: Member | 267 Posts
interesting system. are you guys still following whats on page one or have you updated the system ?

just wondering what a good page to start is
 
 
  • Post #14,484
  • Quote
  • Jun 21, 2021 7:19pm Jun 21, 2021 7:19pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,554 Posts
Quoting PhillipmC
Disliked
interesting system. are you guys still following whats on page one or have you updated the system ? just wondering what a good page to start is
Ignored
Hello Phillip,
I have updated the Jail Break System because the U S Dollar got so weak that the other currencies would not reverse, they just kept going up and up.

I use the Williams % R in reverse. With the -100 at the bottom and the -20 at the top. I have the 20 day moving average running threw it. With the Williams % R moves above the 20 day moving average that would be a buy. And when the Williams % R runs under the 20 the 20 day moving average that would be a sell.

If you use the system I recommend that you put the -50 yard line between the -100 and the -20. It helps. Like the chart above.

It works with any pair you like to trade.

When a pair stays at the top using the 15 minute and higher charts the pair will keep moving higher.
When a pair stays at the bottom on the 15 minute and higher charts the pair will keep moving lower.

When you see the pair start to move away the from zone, probably a good idea to close the trade.

The system works pretty well.
Patience & Discipline
 
 
  • Post #14,485
  • Quote
  • Jun 21, 2021 9:54pm Jun 21, 2021 9:54pm
  •  PhillipmC
  • | Joined May 2019 | Status: Member | 267 Posts
HI PokerChip,
thank you for your detailed response I'm looking forward to doing some back testing on this.. could u up load your template from mt4 if possible so I get my chart properly set up ?
Thanks look forward to following the thread and trading along side u guys.
 
 
  • Post #14,486
  • Quote
  • Jun 21, 2021 10:13pm Jun 21, 2021 10:13pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,554 Posts
Quoting PhillipmC
Disliked
HI PokerChip, thank you for your detailed response I'm looking forward to doing some back testing on this.. could u up load your template from mt4 if possible so I get my chart properly set up ? Thanks look forward to following the thread and trading along side u guys.
Ignored
I wish I could send you a template, I don't have one.

You'll have to put everything on the chart.

It will be worth it.

Good night.
Patience & Discipline
 
 
  • Post #14,487
  • Quote
  • Jun 22, 2021 1:47am Jun 22, 2021 1:47am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,213 Posts
Eurusd has begun its path downwards
 
1
  • Post #14,488
  • Quote
  • Jun 23, 2021 1:41pm Jun 23, 2021 1:41pm
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,213 Posts
How are you doing Pockerchip. Hope you have been well and have had a good week of trading.
 
1
  • Post #14,489
  • Quote
  • Jun 23, 2021 2:06pm Jun 23, 2021 2:06pm
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,554 Posts
Quoting Houtbay
Disliked
How are you doing Pockerchip. Hope you have been well and have had a good week of trading.
Ignored
Doing good, been busy here at the home getting ready to list the home with a realtor.
Patience & Discipline
 
 
  • Post #14,490
  • Quote
  • Jun 23, 2021 2:08pm Jun 23, 2021 2:08pm
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,213 Posts
Are you downsizing and simplifying or you want to be in cash?
 
1
  • Post #14,491
  • Quote
  • Jun 23, 2021 2:09pm Jun 23, 2021 2:09pm
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,213 Posts
When my kids are grown I want to move out of a house into a lock up and go flat on the beach front which will be close to everything.
 
1
  • Post #14,492
  • Quote
  • Jun 23, 2021 2:24pm Jun 23, 2021 2:24pm
  •  cybln
  • | Joined Jun 2020 | Status: Member | 15 Posts
Hello Pokerchip, interesting system. Could U Upload a Template? Thanks in advance
 
1
  • Post #14,493
  • Quote
  • Edited 8:31am Jun 24, 2021 1:17am | Edited 8:31am
  •  Celal
  • | Joined Sep 2017 | Status: Member | 257 Posts
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Size: 41 KB
 
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  • Post #14,494
  • Quote
  • Jun 24, 2021 1:22am Jun 24, 2021 1:22am
  •  Celal
  • | Joined Sep 2017 | Status: Member | 257 Posts
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Size: 45 KB
 
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  • Post #14,495
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  • Jun 24, 2021 1:59am Jun 24, 2021 1:59am
  •  Celal
  • | Joined Sep 2017 | Status: Member | 257 Posts
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Size: 46 KB
 
1
  • Post #14,496
  • Quote
  • Jun 24, 2021 8:39am Jun 24, 2021 8:39am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,554 Posts
Quoting cybln
Disliked
Hello Pokerchip, interesting system. Could U Upload a Template? Thanks in advance
Ignored
I wish I could upload a template.

I just manually put everything on the chart.

Sorry
Patience & Discipline
 
 
  • Post #14,497
  • Quote
  • Jun 24, 2021 8:43am Jun 24, 2021 8:43am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,554 Posts
Quoting Houtbay
Disliked
Are you downsizing and simplifying or you want to be in cash?
Ignored
We are going to move to Arizona after the sale.
Patience & Discipline
 
 
  • Post #14,498
  • Quote
  • Jun 24, 2021 8:45am Jun 24, 2021 8:45am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,554 Posts
Quoting Houtbay
Disliked
When my kids are grown I want to move out of a house into a lock up and go flat on the beach front which will be close to everything.
Ignored
Very nice choice, I hope you get to go fishing everyday.

Very relaxing after day trading.

And maybe have a beer.
Patience & Discipline
 
1
  • Post #14,499
  • Quote
  • Jun 24, 2021 8:47am Jun 24, 2021 8:47am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,554 Posts
Quoting Celal
Disliked
{image}
Ignored
Nice trade Celal.
Patience & Discipline
 
1
  • Post #14,500
  • Quote
  • Jun 24, 2021 8:48am Jun 24, 2021 8:48am
  •  PokerChip
  • Joined Mar 2018 | Status: Member | 4,554 Posts
Quoting Celal
Disliked
{image}
Ignored
Excellent trade on this one too.
Patience & Discipline
 
1
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