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Attachments: The Jail Break System
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The Jail Break System

Quoting PokerChip
{quote} I will enter a sell trade when the Williams % R crosses under the 20 day moving average. And this is usually above the -50. I will enter a buy trade when the Williams % R crosses above the 20 day moving average. And this is usually below the -50.
you mean after M formation or W formation appear?
Quoting potay90
{quote} you mean after M formation or W formation appear?
Correct, the “ M “ and “ W “ are the very best trades.

The market maker puts in a lot of work of trapping these traders. Remember the market maker is making look like a pair is going one direction when it’s actually going the other direction.

This is why these trades will last at least 30 + pips.

He’s got to get those trapped traders to close their positions for him to make a profit.

If those traders don’t close the trade, the fake move will go on and on until most traders close their trades.
Patience & Discipline
Quoting PokerChip
{quote} Correct, the “ M “ and “ W “ are the very best trades. The market maker puts in a lot of work of trapping these traders. Remember the market maker is making look like a pair is going one direction when it’s actually going the other direction. This is why these trades will last at least 30 + pips. He’s got to get those trapped traders to close their positions for him to make a profit. If those traders don’t close the trade, the fake move will go on and on until most traders close their trades.
i am sorry to bother you, so in the future could you post some more M and W formation, so that we can discussion together, i think could you post more when market going to sideway, and william R appear alot of M and W formation and it make me sometime confuse
Quoting potay90
{quote} i am sorry to bother you, so in the future could you post some more M and W formation, so that we can discussion together, i think could you post more when market going to sideway, and william R appear alot of M and W formation and it make me sometime confuse
I’ll post a M and W when show up on the 1 hour or 4 hour.

I never enter a trade when a pair is moving east and west.

That’s a invitation to lose your money.
Patience & Discipline
The best time to enter most trades when one gets a retrace. Which in most cases is contrarian.
Gbpcad a good long
Gbpjpy I have sold short
Quoting PokerChip
{quote} I’ll post a M and W when show up on the 1 hour or 4 hour. I never enter a trade when a pair is moving east and west. That’s a invitation to lose your money.
what do you think about USD/JPY, W appear in H4, i will buy if william R cross MA or i will buy when market going to 109.5
Attached Image (click to enlarge)
Click to Enlarge Name: USD-JPY 19-7-21.png Size: 176 KB
Quoting potay90
{quote} what do you think about USD/JPY, W appear in H4, i will buy if william R cross MA or i will buy when market going to 109.5 {image}
I would wait until the " W " appears on the 1 hour first.

It's at a triple bottom now, so it shouldn't be to much longer.

Let the Williams % R cross over the 20 moving average to be safe.
Patience & Discipline
Quoting PokerChip
{quote} I would wait until the " W " appears on the 1 hour first. It's at a triple bottom now, so it shouldn't be to much longer. Let the Williams % R cross over the 20 moving average to be safe.
what you mean by triple bottom, it is on william or in the chart?
How are you today Pockerchip? How has today’s trading been
do you consider it as a second leg of W fomation on h1
Attached Image (click to enlarge)
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Quoting potay90
{quote} what you mean by triple bottom, it is on william or in the chart?
Normally when you have a triple bottom, the pair will move up.
Patience & Discipline
Quoting Houtbay
How are you today Pockerchip? How has today’s trading been
I am good Houtbay, I hope you are too.

Trading was good last week, not sure about this week.

Waiting to trade tomorrow.
Patience & Discipline
The U. S. Dollar is stronger again today.

Careful trading against it.
Patience & Discipline
Do you not trade at all on a Monday? I took a few positions today. Did nicely. The key is to trust a system and follow a system. And to have a good mentor to teach one how little one knows when one thinks one knows.
Quoting Houtbay
Do you not trade at all on a Monday? I took a few positions today. Did nicely. The key is to trust a system and follow a system. And to have a good mentor to teach one how little one knows when one thinks one knows.
Right, I don’t trade forex on Monday.
I view Monday as setup day for the market maker.
I think he uses Monday to trap traders and he uses the rest week to make those traders miserable and to force them to close out their trades.

I use to be in that herd. I learned by losing over and over.
Patience & Discipline
Dow Jones DOWN -922 right now.
Patience & Discipline
Quoting PokerChip
Dow Jones DOWN -922 right now.
what is the correlation btw Dow Jones and USD, when Dow Jones down USD will up?
Attached Image (click to enlarge)
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