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The Jail Break System

  • #14,641
  • Edited 10:52am Jul 4, 2021 10:39am | Edited 10:52am
Quoting T4Trade
{quote} Present weekly and daily of today doesnt mean next week will be same bias
True, but I don't want to bet against US Dollar right now. It's been on a tear and I think were getting close to a market collapse across the board.

I think most markets are going to see a 50% drop, some markets even more.

Nothing good is going to come from this insane inflation we have right now.

It's crazy here in the US.
Patience, let the trade come to you.
  • #14,642
  • Jul 4, 2021 12:20pm Jul 4, 2021 12:20pm
The space and beauty of Africa
Attached Image (click to enlarge)
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  • #14,643
  • Jul 4, 2021 2:03pm Jul 4, 2021 2:03pm
Usdchf It looks like this cross might be a buy upwards.
  • #14,644
  • Jul 4, 2021 3:57pm Jul 4, 2021 3:57pm
Quoting Houtbay
The space and beauty of Africa {image}
Wow, that is beautiful.

Nice vineyard too.

There's a lot of work.
Patience, let the trade come to you.
  • #14,645
  • Jul 4, 2021 3:58pm Jul 4, 2021 3:58pm
Quoting Houtbay
Usdchf It looks like this cross might be a buy upwards.
I really think the US Dollar is going to just keep on going north.

Never in a straight line though, lol.
Patience, let the trade come to you.
  • #14,646
  • Edited 5:30pm Jul 4, 2021 4:56pm | Edited 5:30pm
Quoting PokerChip
I have never used a stop loss for one reason. Using a stop loss puts you into the herd, an the herd will get slaughtered. The market maker will go after the heard every time. Not 1 out of a 100 time, 100 out out 100 times. Right now I have one account with Tradersway and currently it has 1 trade losing trade in it. I'm stuck in a sell trade from June 15th 2020 that I took for 2 lots at .68137. I'm almost out of the trade right now, I have .17 of lot left to go. I really don't believe in closing losing trades, most of them will circle back to me...
Hi PokerChip,
Because of stock prices can go continously up in time, can this method run at Dow Jones and Nasdaq indexes (we don't use stop loss). Or we must add some thing to adapt to stock markt. Also the MM giving direction to stock market with similar behavior. If you trade at these indexes, how can you change this method or didn't you chage anything about stop loss and using direction long or short. I thing to solve the problem to add weekly HA candels if they are red, trade only short or if they are green, trade only long trades in H1 time frame, I want to learn your opinion. I don't add daily HA candels colour bcause sometimes they conflict with weekly HA colour. So the quantity of trades will drop for sequrity, perhaps there is no need to limit the trades, the important thing %R Williams' slope, it's 20 ema and slope. Thank you.
  • #14,647
  • Jul 4, 2021 6:40pm Jul 4, 2021 6:40pm
Quoting Celal
{quote} Hi PokerChip, Because of stock prices can go continously up in time, can this method run at Dow Jones and Nasdaq indexes (we don't use stop loss). Or we must add some thing to adapt to stock markt. Also the MM giving direction to stock market with similar behavior. If you trade at these indexes, how can you change this method or didn't you chage anything about stop loss and using direction long or short. I thing to solve the problem to add weekly HA candels if they are red, trade only short or if they are green, trade only long trades in...
The Williams % R will work on stocks very well. The market maker in stocks isn't as blood thirsty as the market maker in forex. Which means you can stay in those trades longer.

If you can, buy as much of SQQQ as you can. It is a inverse stock that goes up 3x when the Nasdaq drops $1.00.

In February 2010 the price was $ 104.947.20 per share. When the Nasdaq drops this time I think it will surpass $ 105,000.00 per share. It's a gigantic bubble, stocks are valued at 45.3 % price to earnings. It should be on average 5%. So it's over 9 times P/E.

The reason that I use Heiken Ashi is because it helps me see the end of the trend on the 1 hour chart.

I never use a limit trade, I wait for the Williams % R to cross the 20 day moving average on the 1 hour chart. Limit orders put you in the herd, just like stop losses do.

I do prefer to sell a pair than buy a pair. They drop so much quicker.
Patience, let the trade come to you.
  • #14,648
  • Jul 5, 2021 1:13am Jul 5, 2021 1:13am
Hi pokerchip could you comment?
Attached Image (click to enlarge)
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  • #14,649
  • Jul 5, 2021 1:20am Jul 5, 2021 1:20am
Hi PokerChip,
Thank you very much.
  • #14,650
  • Jul 5, 2021 1:23am Jul 5, 2021 1:23am
Also, comment on this buy set up both on h1 and h4
Attached Image (click to enlarge)
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  • #14,651
  • Jul 5, 2021 1:54am Jul 5, 2021 1:54am
This one also
Attached Image (click to enlarge)
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  • #14,652
  • Jul 5, 2021 7:08am Jul 5, 2021 7:08am
Quoting potay90
Hi pokerchip could you comment? {image}
I think E/J continues go lower.

To at least 129.000
Patience, let the trade come to you.
  • #14,653
  • Jul 5, 2021 7:14am Jul 5, 2021 7:14am
Quoting potay90
Also, comment on this buy set up both on h1 and h4 {image}
I think this pair keeps on moving lower.

I think it moves lower to 1.95000 and possible even lower than that.

I would only be a seller, this is where the profit is.

Being a buyer will only get you trapped.
Patience, let the trade come to you.
  • #14,654
  • Jul 5, 2021 7:18am Jul 5, 2021 7:18am
Quoting potay90
This one also {image}
This pair moves higher and higher.

I would buy the dips, on the 4 hour chart.

I think once it breaks thru 111.500 it continues only to go higher.

Long term buy.
Patience, let the trade come to you.
  • #14,655
  • Jul 5, 2021 7:28am Jul 5, 2021 7:28am
OMG why i always wrong
  • #14,656
  • Jul 5, 2021 7:40am Jul 5, 2021 7:40am
how do you define short term medium and long term?
  • #14,657
  • Jul 5, 2021 7:41am Jul 5, 2021 7:41am
Quoting potay90
OMG why i always wrong
It's not you, it takes time to read the charts.

If these pairs are below the 200 day moving average they'll be moving lower long term.

If these pairs are above the 200 day moving average they'll be moving higher long term.

I would recommend that you look at the weekly then the daily charts, and see what color the candles are. This tells you the direction.

Remember if the US pairs are moving higher long term the rest of the pairs are mostly moving lower long term.

Inflation is everywhere right now, food, gasoline, housing. The Federal Reserve wants more inflation which is going to kill economies in the long term.

Which will kill the markets long term. They have kicked the debt can down the road for a long time, 11 years now with no correction in the markets.

I think a huge correction is coming, this is why the US currencies keep moving higher.
Patience, let the trade come to you.
  • #14,658
  • Jul 5, 2021 7:55am Jul 5, 2021 7:55am
Quoting potay90
how do you define short term medium and long term?
Short term would be the 15 minute chart, and this is where the market maker will trap you if you are on the wrong side of the trade for very long.

I would recommend that you only stay with the 1 hour and higher charts.

If you stay with the eight major currencies you will become more accurate a reading charts.

The eight major currencies are traded more openly than the other pairs. More volume in the major currencies and less concealment.

When you see this quick moves higher or lower, these are fake moves by the market maker. He's trying to get you to either close your profitable trade or get you to enter a trade on the wrong side. It's all psychology war fair. He wants your account.
I hope this helps.
Patience, let the trade come to you.
  • #14,659
  • Jul 5, 2021 8:11am Jul 5, 2021 8:11am
currently i just chose 15 pair only USD,EUR,GBP,CAD,AUD, NZD and JPY ( JPY pair i just chose USD,EUR and JPY)
Enough for me to analysis and forcus.
USD/JPY again batman ear
Attached Image (click to enlarge)
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  • #14,660
  • Jul 5, 2021 8:38am Jul 5, 2021 8:38am
Quoting potay90
currently i just chose 15 pair only USD,EUR,GBP,CAD,AUD, NZD and JPY ( JPY pair i just chose USD,EUR and JPY) Enough for me to analysis and forcus. USD/JPY again batman ear {image}
Yep, inverted Batman ears.

Going higher long term.
Patience, let the trade come to you.
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