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The Jail Break System

  • #14,681
  • Jul 6, 2021 6:54pm Jul 6, 2021 6:54pm
Quoting PokerChip
{quote} I would recommend picking good pairs to trade. My opinion the best pairs to trade are these majors, EUR/USD, GBP/USD, GBP/JPY, AUD/USD, NZD/USD, USD/CAD, USD/JPY, USD/CHF. They have plenty of volume, you can trade them against each other.
Hi PokerChip,
From your answer I dont see any thing about not to get caught to jail. Can you say if the slope of the %R Williams good enough or crosses -50 there ls no jail?
İ want to solve the jail problem.
  • #14,682
  • Jul 6, 2021 7:05pm Jul 6, 2021 7:05pm
Quoting Celal
{quote} Hi PokerChip, From your answer I dont see any thing about not to get caught to jail. Can you say if the slope of the %R Williams good enough or crosses -50 there ls no jail? İ want to solve the jail problem.
I think the best way to answer your question is to wait until a pair is at -20 or higher or -80 or lower on the 1 hour chart. This is the most conservative trade you can make.

If you are watching a pair that is in these zones all you have to do wait for the Williams % R to cross the 20 day moving average and should have a good trade.

Note: I can't stress this enough. The markets are changing right now the Dow Jones is dropping, it hit a high on May 10th 2021 and has not broken this high.

While this has been going on the US Dollar has been getting stronger week by week. You can buy the dips in the Dollar pairs, this is also a safe trade.

One of these days your going to see the Dow Jones drop 1,000 points in a day and the US Dollar will move north.
Patience, let the trade come to you.
  • #14,683
  • Jul 6, 2021 7:23pm Jul 6, 2021 7:23pm
Hi PokerChip,
Thank you for detailed answer, good night.
  • #14,684
  • Jul 6, 2021 7:45pm Jul 6, 2021 7:45pm
Quoting Celal
Hi PokerChip, Thank you for detailed answer, good night.
You bet.
Patience, let the trade come to you.
  • #14,685
  • Jul 7, 2021 7:35am Jul 7, 2021 7:35am
seem like this week usd will not break out, or because tmr FOMC
  • #14,686
  • Edited 9:29am Jul 7, 2021 8:16am | Edited 9:29am
Quoting potay90
seem like this week usd will not break out, or because tmr FOMC
I think it's just a matter of time.

I just sold NZD/USD, .70404

We will see how good my timing is.

I would like 20 pips please.

Just close my trade.
Patience, let the trade come to you.
  • #14,687
  • Jul 7, 2021 10:23am Jul 7, 2021 10:23am
Pockerchip do you always trade only with the trend or counter trend as well?
  • #14,688
  • Jul 7, 2021 10:36am Jul 7, 2021 10:36am
Nzdcad trend is upwards
  • #14,689
  • Jul 7, 2021 10:43am Jul 7, 2021 10:43am
Quoting Houtbay
Pockerchip do you always trade only with the trend or counter trend as well?
I always want to trade with the trend, but trends come to a end, and that's when I might try to do a counter trade. Not very often though.

I want to see volume, no volume no trade. We have to have volume.

Like right now the volume is gone, and I'm done now for the day.
Patience, let the trade come to you.
  • #14,690
  • Jul 7, 2021 10:44am Jul 7, 2021 10:44am
With counter trend is there more risk of getting trapped.
  • #14,691
  • Jul 7, 2021 10:47am Jul 7, 2021 10:47am
Quoting Houtbay
With counter trend is there more risk of getting trapped.
You are so right, I've been trapped so many times in counter trades. I can't remember them all.

Very risky.

I'm not as greedy as I use to be, lol.
Patience, let the trade come to you.
  • #14,692
  • Jul 7, 2021 10:52am Jul 7, 2021 10:52am
Thank you. It’s just when you trade with the trend one needs a lot of patience to wait for a turning point.
  • #14,693
  • Jul 7, 2021 10:55am Jul 7, 2021 10:55am
The markets are slow at the moment so I don’t tend to trade after 5 pm my time.
  • #14,694
  • Jul 7, 2021 11:03am Jul 7, 2021 11:03am
Quoting Houtbay
Thank you. It’s just when you trade with the trend one needs a lot of patience to wait for a turning point.
You're welcome, it does take a lot of patience. I think my patience comes from my losing. After awhile you get tired of making several bad trades, losing kills confidence. At least with me it does. And you look to figure out where you are going wrong at.

That's when I had to change my trading system.

I truly believe that the Williams % R and the 20 day moving average is the holy grail.

I know it's only been around a short time, but like today I wanted 20 pips and I ended up with 44 pips with 2 lots.

It can't get much better than this. I mean I just don't see how.

Yesterday was almost as good as today, I just don't see how the market maker can defend against this.

Were waiting on his moves to generate a trade, I mean it's scary how good it is.
Patience, let the trade come to you.
  • #14,695
  • Jul 7, 2021 11:10am Jul 7, 2021 11:10am
NZD/USD 1 hour chart.

I've added the 50 day moving average to the Williams % R, I think this will help with having more confidence in my trade.

The green line is the 50 day moving average.

Oh by the way, we have a head and shoulders on the NZD/USD now.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-h1-oanda-division1-a.png Size: 93 KB
Patience, let the trade come to you.
  • #14,696
  • Jul 7, 2021 12:14pm Jul 7, 2021 12:14pm
I don’t think anyone has studied price movement like you Pockerchip. One can only do this and stick with it if one loves the process.
  • #14,697
  • Jul 7, 2021 12:41pm Jul 7, 2021 12:41pm
Quoting Houtbay
I don’t think anyone has studied price movement like you Pockerchip. One can only do this and stick with it if one loves the process.
All I know is that I've had a lot failures over 13 years of trading, but I think I now have a ATM.

I think if you don't have passion for the business your account will suffer.
Patience, let the trade come to you.
  • #14,698
  • Jul 7, 2021 3:34pm Jul 7, 2021 3:34pm
I think tomorrow AUD/USD, NZD/USD, GBP/USD, EUR/USD continue to move lower and lower.

Head and shoulders on AUD/USD and NZD/USD 1 hour charts.

If AUD/USD breaks below .74400 it's going to drop a lot more.

If NZD/USD breaks below .69160 it's also going to keep on dropping.
Patience, let the trade come to you.
  • #14,699
  • Jul 8, 2021 5:11am Jul 8, 2021 5:11am
USD/CHF H4 Chart
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-h4-noor-capital-market.png Size: 44 KB
  • #14,700
  • Jul 8, 2021 7:08am Jul 8, 2021 7:08am
Quoting Celal
USD/CHF H4 Chart {image}
Nice trade.

Careful not to stay to long. It might turn around at 8:30, 23 minutes from now.
Patience, let the trade come to you.
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