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The Jail Break System

  • #6,641
  • Feb 20, 2020 11:29am Feb 20, 2020 11:29am
Tips.

If Dollar would to surpass to 100ish area then I would think that President Trump would want MR Powell to cut rates at the next FOMC meeting. Dollar too strong isn’t good for the US and Trump dislike Dollar too strong. This is going to be interesting to see Dollar collapsing back down to 97 - 96 area or even lower..

Trade safe guys and good night.

See you guys soon.
10% buy 10% sell 80% waiting
  • #6,642
  • Feb 20, 2020 11:49am Feb 20, 2020 11:49am
Quoting PokerChip
{quote} 20 lots, lol those guys are crazy.
There was a trader by the name of Phil Jarvie who called himself Dancing Phil in FF. Before he passed on, he used to trade 500 lots. He started with 200 hundred dollars and blew that 5 times before he realized his emotions got of the best of him. Was always maxing out his trades and made over 300 millions. He said he usually gets 100 % return every week and had a EA hedging tool made for him. He used to charge 1 grand to teach his selected pupils. One of them made 300K in 11 months and is co-owner of a trading website. Phil’s posts can be found by googling his FF name. Anyway, that’s a lot of lots.
  • #6,643
  • Feb 20, 2020 11:53am Feb 20, 2020 11:53am
Quoting Roblee
{quote} There was a trader by the name of Phil Jarvie who called himself Dancing Phil in FF. Before he passed on, he used to trade 500 lots. He started with 200 hundred dollars and blew that 5 times before he realized his emotions got of the best of him. Was always maxing out his trades and made over 300 millions. He said he usually gets 100 % return every week and had a EA hedging tool made for him. He used to charge 1 grand to teach his selected pupils. One of them made 300K in 11 months and is co-owner of a trading website. Phil’s posts can be...
Wow, I would have loved to talk to Phil.

I could have learned from him.

How do you trade 500 lots, lol that's crazy nuts trading.
Patience, let the trade come to you.
  • #6,644
  • Feb 20, 2020 12:15pm Feb 20, 2020 12:15pm
Quoting PokerChip
{quote} Do you get enough sleep ? For me sleep is top priority. If you're getting enough sleep it should be easy to pull the trigger. Forex trading takes brain power, at least it does for me. If you don't see where a pair is headed then you should not be trading. Plan your work and pull the trigger. I sleep, eat and trade. 3-4 trades per day and I'm done.
thx for help
my biorhythm is great, never sick, swim, meditate, yoga, sleep, no PTSD....

in that moment to pull the trigger I just freeze with overthinking and get lost in it.
Forex can only be understood backwards, but it must be traded forwards.
  • #6,645
  • Feb 20, 2020 12:40pm Feb 20, 2020 12:40pm
Quoting prozor7
{quote} thx for help my biorhythm is great, never sick, swim, meditate, yoga, sleep, no PTSD.... in that moment to pull the trigger I just freeze with overthinking and get lost in it.
It's like fixing a nice meal.

You have made a nice salad, and baked potatoes are done.

You pull the steaks off the grill.

You sit down to eat.

Same thing in trading.

You do all the chart work.

You know the direction.

Now you wait to trap the market maker and pull the trigger.

It's time to forget about not pulling the trigger.

You have to be willing to die to live.
Patience, let the trade come to you.
  • #6,646
  • Feb 20, 2020 1:08pm Feb 20, 2020 1:08pm
Quoting Roblee
{quote} There was a trader by the name of Phil Jarvie who called himself Dancing Phil in FF. Before he passed on, he used to trade 500 lots. He started with 200 hundred dollars and blew that 5 times before he realized his emotions got of the best of him. Was always maxing out his trades and made over 300 millions. He said he usually gets 100 % return every week and had a EA hedging tool made for him. He used to charge 1 grand to teach his selected pupils. One of them made 300K in 11 months and is co-owner of a trading website. Phil’s posts can be...

hahaha 500 lots. Can anyone image trader with 500 lots getting attention on FF
Can you imagine size of position like this?
Whether you think you can, or you think you can't,you're right. H.F.
  • #6,647
  • Feb 20, 2020 1:50pm Feb 20, 2020 1:50pm
Quoting Simply-Me
{quote} hahaha 500 lots. Can anyone image trader with 500 lots getting attention on FF Can you imagine size of position like this?
You would need between $500,000-$600,000 in a account with 500 to 1 leverage.

Each trade would be something for YouTube to watch.

You could get your brokers attention real quick.
Patience, let the trade come to you.
  • #6,648
  • Feb 20, 2020 2:19pm Feb 20, 2020 2:19pm
Quoting PokerChip
{quote} ..... You have to be willing to die to live.
appreciate, beautifully worded
your sentence remind me to my favorite book - The Denial of Death by Ernest Becker
ignoring the problem and by "tranquilizing oneself with the trivial".
since Ernest borrow above term from Soren Kierkegaard
to quote Kierkegaard
"Life can only be understood backwards; but it must be lived forwards."

thx
Forex can only be understood backwards, but it must be traded forwards.
  • #6,649
  • Feb 20, 2020 3:22pm Feb 20, 2020 3:22pm
Quoting prozor7
{quote} appreciate, beautifully worded your sentence remind me to my favorite book - The Denial of Death by Ernest Becker ignoring the problem and by "tranquilizing oneself with the trivial". since Ernest borrow above term from Soren Kierkegaard to quote Kierkegaard "Life can only be understood backwards; but it must be lived forwards." thx
There is no way that I could put all the time that I've put into charting without trading.

Pulling the trigger is like grabbing fruit off the tree.

That's what trees are for and that's to eat the fruit that the tree bares.

You chart a pair, and you pull the trigger.

The profit is your fruit.
Patience, let the trade come to you.
  • #6,650
  • Feb 20, 2020 4:23pm Feb 20, 2020 4:23pm
Quoting prozor7
{quote} appreciate, beautifully worded your sentence remind me to my favorite book - The Denial of Death by Ernest Becker ignoring the problem and by "tranquilizing oneself with the trivial". since Ernest borrow above term from Soren Kierkegaard to quote Kierkegaard "Life can only be understood backwards; but it must be lived forwards." thx
"Forex can only be understood backwards, but it must be traded forwards."

  • #6,651
  • Feb 20, 2020 4:50pm Feb 20, 2020 4:50pm
Quoting prozor7
{quote} lol, I have great car but bad driver you see how precise system is, but I'm having big difficulties finding that balance between analyzing & trading, those paralyze moment if you know what I mean. all my respectable carrier (25 years) as entrepreneur I'm analyst & problem solver for others, but I can't solve my freezing moments don't know how. never in my life have those feelings even in the 4 years of war on first line of the battle I always stay...
Prozor.. please let me remind you this one-month-old post from you

Get your mojo back - now! You already have everything you need deep inside of you + excellent trading tool and badass analysis.

Btw, in the Czech school grading system 1 = excellent, 5 = unsatisfactory... Everything is just a matter of perspective
Attached Image (click to enlarge)
Click to Enlarge Name: Prozor.JPG Size: 34 KB
  • #6,652
  • Feb 20, 2020 11:55pm Feb 20, 2020 11:55pm
morning all, i am late posting this chart.

Cable 00-00 4 hour .
Hi = 12895,,, Lo = 12879... so range = 16. todays adr = 78
Attached Image

O = 00-00 candle.
A = adr range (black line).
put the Black line A to the lowest low , and this shows the High area of adr range which is 12950 area.

Because i am late posting the 04-00 4 hour bar is showing .
if it drops i will adjust the range. we then put the black line adr at the highest high to show low adr area.

Trade well all
looking for 10 to start off...
chart copied approx 05-50 UK Time
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,653
  • Feb 21, 2020 12:00am Feb 21, 2020 12:00am
i will show low area adr now.
chart copied 05-58
If it suddenly drops now the low adr area will be 12830 area.
we put black line A at the highest highest
.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,654
  • Feb 21, 2020 1:05am Feb 21, 2020 1:05am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #6,655
  • Feb 21, 2020 1:10am Feb 21, 2020 1:10am
Cable 00-00 4 hour break.
chart shows 2 lines H + L .
these lines are the 00-00 range of 16 added to high and low of the 00-00 candle.

So hopefully , i am long and looking for 10 of these 16.
If Long fails i go short.

Look at the range of 16 compared to the adr of 78. MATHS TIME.....
t 07-10
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,656
  • Feb 21, 2020 1:11am Feb 21, 2020 1:11am
Quoting prozor7
good morning to all
Hi P, hope you are well.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,657
  • Feb 21, 2020 1:12am Feb 21, 2020 1:12am
Average Daily Range,,,, never forget, because it is an average todays figures can fail.
todays adr = 78, it might not make 78 , or it might just make 100 or higher.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,658
  • Feb 21, 2020 1:22am Feb 21, 2020 1:22am
Quoting billytt
Average Daily Range,,,, never forget, because it is an average todays figures can fail. todays adr = 78, it might not make 78 , or it might just make 100 or higher.
morning b
91 pips range for today

here is GBPUSD H1 beauty of the pattern
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,659
  • Feb 21, 2020 1:36am Feb 21, 2020 1:36am
Quoting prozor7
{quote} morning b 91 pips range for today here is GBPUSD H1 beauty of the pattern {image}
Hi again, my adr = 78, worked out by myself lol.
i remember years ago, my lil girl used to calculate my adr for me.

78 & 91 for cable, isn't much at all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,660
  • Feb 21, 2020 1:54am Feb 21, 2020 1:54am
i always prefer to Short Cable, like i always like to Long Dax.
But that is only preferences as i still trade either way.

Cable , right now.
i am Long and looking for 10.
Let us now think compounding or adding on and chasing the adr.

example.we are trading 1 point per pip. (it doesnt matter if that is a micro point a £ any amount per pip)
My high broke at 12895, hopefully let it reach 12911 (+16)
we now have +16 points, lets add 1 point per pip, AND use a stop of 14, if it fails we make +2 +2. <<<< use stop to make it easier.
we now go for another 16. keep your eye on the average daily range.

when the next 16 is hit, we do the same again.
in reality ,instead of making 48 we now make 96.

But i take less than the range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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