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The Jail Break System

  • #14,501
  • Jun 24, 2021 5:53am Jun 24, 2021 5:53am
Quoting Celal
{image}
Celal I have to say you have the system figured out.

Stay discipline
Patience, let the trade come to you.
  • #14,502
  • Edited 10:39am Jun 24, 2021 10:10am | Edited 10:39am
Quoting PokerChip
{quote} Celal I have to say you have the system figured out. Stay discipline
Hi PokerChip,
Thank you, If I found out, It's because of you, I wish you healty days and green pips.
  • #14,503
  • Jun 24, 2021 12:19pm Jun 24, 2021 12:19pm
Quoting Celal
{quote} Hi PokerChip, Thank you, If I found out, It's because of you, I wish you healty days and green pips.
You're welcome.

I really didn't do anything.

You learn quick.
Patience, let the trade come to you.
  • #14,504
  • Jun 24, 2021 1:56pm Jun 24, 2021 1:56pm
counting levels and looking for ws and ms are so cumbersome for me.
  • #14,505
  • Jun 24, 2021 2:00pm Jun 24, 2021 2:00pm
Quoting T4Trade
counting levels and looking for ws and ms are so cumbersome for me.
It is time consuming, but in the long run it is a profitable system.

We just have to wait for the set ups to come to us.

The market maker wants traders to be in a hurry and make mistakes.
Patience, let the trade come to you.
  • #14,506
  • Jun 25, 2021 7:35am Jun 25, 2021 7:35am
Pockerchip good luck on new beginnings. Change is always good.
  • #14,507
  • Jun 25, 2021 8:02am Jun 25, 2021 8:02am
Thank you Houtbay

Hopefully our home sells quick.

I sold NZD/USD just now.

.70790
Patience, let the trade come to you.
  • #14,508
  • Jun 25, 2021 3:33pm Jun 25, 2021 3:33pm
AUD/USD daily chart.

I can't say for sure when this pair is going to resume it's course down.

But my gut tells me it's some time next week.

I think by now AU has enough buyers trapped from this week's move higher to make the move lower next week.

We will see.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-d1-oanda-division1-a.png Size: 95 KB
Patience, let the trade come to you.
  • #14,509
  • Jun 27, 2021 12:19pm Jun 27, 2021 12:19pm
Quoting PokerChip
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...
you are right PokerChip
About William % R
"One should ignore the minus symbol when conducting the analysis.
Indicator values ranging between 80 and 100% indicate that the market is oversold. Indicator values ranging between 0 and 20% indicate that the market is overbought.
As with all overbought/oversold indicators, it is best to wait for the security’s price to change direction before placing your trades. For example, if an overbought/oversold indicator is showing an overbought condition, it is wise to wait for the security’s price to turn down before selling the security.
An interesting phenomenon of the Williams Percent Range indicator is its uncanny ability to anticipate a reversal in the underlying security’s price. The indicator almost always forms a peak and turns down a few days before the security’s price peaks and turns down. Likewise, Williams Percent Range usually creates a trough and turns up a few days before the security’s price turns up.
"
  • #14,510
  • Jun 27, 2021 2:31pm Jun 27, 2021 2:31pm
Quoting ntk
{quote} you are right PokerChip About William % R "One should ignore the minus symbol when conducting the analysis. Indicator values ranging between 80 and 100% indicate that the market is oversold. Indicator values ranging between 0 and 20% indicate that the market is overbought. As with all overbought/oversold indicators, it is best to wait for the security’s price to change direction before placing your trades. For example, if an overbought/oversold indicator is showing an overbought condition, it is wise to wait for the security’s price to turn...
Hello NTK,
I agree with you 100%. I can't say enough good things about the Williams % R. Lol, it does have a uncanny ability to see things happen that are right around the corner.

I think the W%R is a freak of nature. I'm not sure how the market maker can defend against it. I mean it waits until the market maker has made his move then it's pretty much safe to buy or sell by then when it crosses the 20 day moving average.

Hope you had a great weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h1-fx-glory-group-a.png Size: 79 KB
Patience, let the trade come to you.
  • #14,511
  • Jun 28, 2021 12:06am Jun 28, 2021 12:06am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h1-noor-capital-market.png Size: 45 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-noor-capital-market-2.png Size: 45 KB
  • #14,512
  • Jun 28, 2021 5:20am Jun 28, 2021 5:20am
Quoting Celal
{image}{image}
I hope you took profits.
Patience, let the trade come to you.
  • #14,513
  • Edited 6:06am Jun 28, 2021 5:27am | Edited 6:06am
NZD/USD 1 hour chart.

The pair is also below the 200 day moving average on the daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-h1-fx-glory-group-a.png Size: 80 KB
Patience, let the trade come to you.
  • #14,514
  • Jun 28, 2021 5:31am Jun 28, 2021 5:31am
Nzdusd retracing before it sells off again
  • #14,515
  • Jun 28, 2021 6:14am Jun 28, 2021 6:14am
Quoting PokerChip
{quote} I hope you took profits.
I'm sorry not yet. GBP/USD was too quick to write tp, I had to hurry up, GBP/JPY coudn't arrive it's tp level.
  • #14,516
  • Jun 28, 2021 6:16am Jun 28, 2021 6:16am
Quoting Celal
{quote} I'm sorry not yet.

I look for GBP/USD to move lower.

I think GBP/JPY moves higher.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-oanda-division1-b.png Size: 81 KB
Patience, let the trade come to you.
  • #14,517
  • Jun 28, 2021 6:34am Jun 28, 2021 6:34am
Quoting PokerChip
{quote} I look for GBP/USD to move lower. I think GBP/JPY moves higher. {image}
I hope your not breaking your monday rules PC....? lol
  • #14,518
  • Jun 28, 2021 7:00am Jun 28, 2021 7:00am
Quoting RickMTB
{quote} I hope your not breaking your monday rules PC....? lol
I'm not trading until tomorrow.

I have to have Monday trading range to know where I'm at.
Patience, let the trade come to you.
  • #14,519
  • Jun 28, 2021 7:06am Jun 28, 2021 7:06am
Selling Gbpusd soon
  • #14,520
  • Jun 28, 2021 7:12am Jun 28, 2021 7:12am
Quoting Houtbay
Selling Gbpusd soon
Do you have the 200 day moving average on your chart ?

Look at the 1 hour chart with the 200 day moving average.

You'll see what I see.
Patience, let the trade come to you.
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