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The Jail Break System

Quoting Houtbay
Eurusd should continue falling, retrace and then fall to the line you have indicated. Thanks Pockerchip for your mentoring.
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
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.
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Patience & Discipline
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
Quoting PhillipmC
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
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
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.
Quoting PhillipmC
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.
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
Eurusd has begun its path downwards
How are you doing Pockerchip. Hope you have been well and have had a good week of trading.
Quoting Houtbay
How are you doing Pockerchip. Hope you have been well and have had a good week of trading.
Doing good, been busy here at the home getting ready to list the home with a realtor.
Patience & Discipline
Are you downsizing and simplifying or you want to be in cash?
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.
Hello Pokerchip, interesting system. Could U Upload a Template? Thanks in advance
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Quoting cybln
Hello Pokerchip, interesting system. Could U Upload a Template? Thanks in advance
I wish I could upload a template.

I just manually put everything on the chart.

Sorry
Patience & Discipline
Quoting Houtbay
Are you downsizing and simplifying or you want to be in cash?
We are going to move to Arizona after the sale.
Patience & Discipline
Quoting Houtbay
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.
Very nice choice, I hope you get to go fishing everyday.

Very relaxing after day trading.

And maybe have a beer.
Patience & Discipline
Quoting Celal
{image}
Nice trade Celal.
Patience & Discipline
Quoting Celal
{image}
Excellent trade on this one too.
Patience & Discipline
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