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The Jail Break System

  • #14,801
  • Jul 18, 2021 6:59am Jul 18, 2021 6:59am
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?
  • #14,802
  • Jul 18, 2021 7:22am Jul 18, 2021 7:22am
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, let the trade come to you.
  • #14,803
  • Jul 18, 2021 8:10am Jul 18, 2021 8:10am
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
  • #14,804
  • Jul 18, 2021 8:24am Jul 18, 2021 8:24am
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, let the trade come to you.
  • #14,805
  • Jul 18, 2021 9:25am Jul 18, 2021 9:25am
The best time to enter most trades when one gets a retrace. Which in most cases is contrarian.
  • #14,806
  • Jul 18, 2021 11:54pm Jul 18, 2021 11:54pm
Gbpcad a good long
  • #14,807
  • Jul 19, 2021 2:55am Jul 19, 2021 2:55am
Gbpjpy I have sold short
  • #14,808
  • Jul 19, 2021 4:50am Jul 19, 2021 4:50am
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
  • #14,809
  • Jul 19, 2021 5:04am Jul 19, 2021 5:04am
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, let the trade come to you.
  • #14,810
  • Jul 19, 2021 5:07am Jul 19, 2021 5:07am
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?
  • #14,811
  • Jul 19, 2021 5:34am Jul 19, 2021 5:34am
How are you today Pockerchip? How has today’s trading been
  • #14,812
  • Jul 19, 2021 5:45am Jul 19, 2021 5:45am
do you consider it as a second leg of W fomation on h1
Attached Image (click to enlarge)
Click to Enlarge Name: USD-JPY 19-7-21.png Size: 181 KB
  • #14,813
  • Jul 19, 2021 6:01am Jul 19, 2021 6:01am
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, let the trade come to you.
  • #14,814
  • Jul 19, 2021 6:02am Jul 19, 2021 6:02am
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, let the trade come to you.
  • #14,815
  • Jul 19, 2021 6:04am Jul 19, 2021 6:04am
The U. S. Dollar is stronger again today.

Careful trading against it.
Patience, let the trade come to you.
  • #14,816
  • Jul 19, 2021 7:06am Jul 19, 2021 7:06am
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.
  • #14,817
  • Jul 19, 2021 10:31am Jul 19, 2021 10:31am
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, let the trade come to you.
  • #14,818
  • Jul 19, 2021 11:40am Jul 19, 2021 11:40am
Dow Jones DOWN -922 right now.
Patience, let the trade come to you.
  • #14,819
  • Jul 19, 2021 9:40pm Jul 19, 2021 9:40pm
Quoting PokerChip
Dow Jones DOWN -922 right now.
what is the correlation btw Dow Jones and USD, when Dow Jones down USD will up?
  • #14,820
  • Jul 19, 2021 10:58pm Jul 19, 2021 10:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 37 KB
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