Rufus

Not much trading for me these past few days, and a few more to go. My day job is grabing up my time. I still have a portion of the above long term trade still rolling. It is kind of nice to know it is there while I am out doing the things I do. Today I am reparing a house that got a bit of water damage. Our one little batch of cold weather busted a pipe.

So many pips to all.

Rufus

Sounds like fun. Im a trader but I love carpentry/ working with my hands .

Long aud/usd

I have been doing it for 30 years now. Ready to trade more and build less.

As usual. A lot of movement while at work today. Still have my EU short rolling. Came within 10 pips or so of my third target. Right now up 230 pips. Just gota love it.

I am going to go outside and discuss with Buddy (my paint - draft cross, horse) the nights trading. Buddy has a lot of good input.

Rufus

Here is something some of you may find interesting. As some of you all may have seen by my posting. I do a lot of interior trim and such in homes. The door below was trimed according to fibonacci numbers. The header is 1.618 wider than the door legs. If ever you get into some history of the fibbs you will see them everywhere, including the dimensions of your credit card. The fib numbers are the the most asthetically proportionate demensions to our brain. Pythagoras saw it as well as numerous others. As a matter of fact Pythagoras heard it in sound waves from different hammers on anvils.

So as I apply it now in charts and in trim, I see just how important these numbers are. I have a lot of years experence with wood and sizes to use where. These numbers fit right in all over the place, from stairsystems to mantles. The golden rectangle for you art buffs, a fib ratio also.
Cool stuff eh?

Rufus

Totally Cool! I was somewhat aware of fib correlations with other things in life. Though I could never really get it to work on my charts because of the subjectivity on wheter it was going to be used/respected by other traders and where to draw it.

I am going to add two more pairs to my repertoire, Audusd, usdchf.

Over the weekend I will be coming up with a plan for trading them. These will be long term only trades. With the chart action of this past week my plan will be for both shorts and longs. Then let the price action determine which I use.

The trading method I will be using requires h, 4h and day charts to all confirm. So if I get a change of direction it will take at least a day usually more to get the first signal. So anyway if I get a signal next week while I am sitting at the computer I will post pictures here, so all can see what I am doing

My short on the EU hit its trailing stop today. It came within 10 pips of the third target. It was a good trade.

So long term pairs. EU. AU, UCHF.

Short term EU, and little UJ around Tokyo open.

I also have another busy week ahead with my day job.

Finish up stair system on Monday.
Finish up cabinet job Tues.
Start trim job wed, thurs, fri.

Then somewhere in here start building a large storage cabinet for a rehabilitation center.

There's my week. I will try to catch TO. But FO and LO are the ones I will be shooting for.

Oh ya I gotta figure my taxes so Obama can give more away.

Happy weekend to all
Rufus

Any one know of a good and simple web site where I can get charts for commodities? I have found a lot of them, but they are a pain in the arse to navigate through and change indicators and such. Oh ya a free one.

Rufus

You could download interactive brokers demo software to monitor charts.

I dont know of any free charts

60 degrees outside with blue skies and I am doing taxes. Can you say "cabin fever" I shold be out on some stream somewhere flyfishing.

So what does this have to do with the Forex market?
Flyfishing is what I would be doing right now when I am trading full time.

Rufus

Well keep at it now, you can see this AINT rocket science . Just like any skill you gotta keep at it! ( I know you know all of this )

I just had to post this. From 1965. Things haven't changed much.

Have a smile on me.

Rufus

I think I am done with the business tax forms for an s corp. It was somewhat painless. A headache yesterday from to much screen time.

I went through this journal yesterday and was pleased with what I have been doing. I know at times there is very little about trades and charts, but what I have here is also a journal of my life since the first of the year.

I had a Forex class little over a year ago that was taught by a clinical psychologist. ( We will call him Whiz. I know he goes to FF maybe he will read this.) Anyway he was sharing on the importance of journaling for emotional stability. If we write about things in life it releaves stress. He also recomended that in our trade journal we write about how we are fealing at the time of trading. What may be bugging us. I know for me that if there are situations at home that need to be handled or if I am not peaceful I don't trade.

I think at times we get to hung up on finding the perfect system or the perfect moving average and forget about the perfect mind we have between our ears. How many times have you seen a trade develope lined up with all your rules but something just didn't smell right. Do you take it anyway? I leave it alone. Experience has no MA or fib to tell you what may be lurking with the next bar. You can't put a trendline on thousands of hours of chart watching. That sinking fealing in your gut may at times be the stop to get you out before some central bank says it is time to move. So I like to do things to nourish my mind. Mess with the horses or dogs, or flyfishing soon. I know what is good for me, and it is up to each of us to find those things to clear our heads, so that each day is started fresh and each chart we look at is with a clear perspective.

You can see that I am a big fan of how the mind works. So welcome to my trade journal and a small snapshot of my life.

Rufus

Hi all

It has been awhile since I have posted here. So I figured I should get things updated.

I have not done any trading yet this week. Been busier than a mosquito at a nudest camp.

Just finished a stair system in a 100 year old house. Also getting a few other projects started.

There is one thing that I have been doing with the charts that has proved to be interesting and I trust will be profitable.

On a daily chart I find the most recent "Master Candle". This is a dominating candle where the ones following it are inside candles. or just not negating the master candle.( I have Ctic to thank for puting me on to this. Another trading journal here on FF)

I then draw a fib on the one candle. The days high and low. Then change it to a 15 min chart to see what it does. The results knocked my socks off.
The two attachments I have here show the master candle. Then the results of the fibs. Notice all the pivots that line up or are very close to the fibs. That to me is the money shot.

As I played around with this more and more it is astounding the accuracy that crops up. I will be studying it much more and figuring how to put it to use in my trading style. I will also draw fibs on weekly, monthly bars as well.

I am a line in the sand sort of guy. I don't like subjective enteries. I like a set of rules that when all line up at that point I enter my position. The same goes with exits.

One more thing that I added to my fibs are negative values. This is so when I draw them out the fibs go in both directions which you should also notice on the chart. At times it may pay to not be conventional. There was a college drop out you may be familiar with who did things unconventional......Bill Gates.

Ah well if I type much longer the Scotch will set in, then I will really start on a role. Needless to say I will not be trading tonight either, way too tired. I will be getting to bed early and get in a nap tomorrow. Then see about staying up till 1 am. Gives me 1 hour after LO

Sometimes as I am driving down the road to another job I am picturing charts in my head and different ways to interpret them. Life can be strange for a forex trader.

Sweet pips to all

Rufus

I had to put it in here. The unfinished wrap on the bottom newel post and the other 4 nonvisable posts were all put in with fib ratios.

Sometimes I have too much fun at work.

Rufus

WOW thats pro, you must be a master craftsman. Thanks for sharing that "master candle" documentation I will check it out and let you know what I find!

Thanks,
Erik

Excellent job Rufus..

As you study the fibs they will become more and more clear. Now I can't live without them. I would recommend using 1H and 4H candle too. Reason is many times there is a fake out move at a session open, This helps you catch the fake out, Hence why I use the multiple tf's. Here is link to how I do it, remember it is not the only way to do it, just my preference.

http://www.forexfactory.com/showpost...34&postcount=3

C.

A pleasure to see a fellow woodworker. Very nice!!

Hi Ctic.

Welcome to my side of the FF.

I will be bugging you a bit (if that is ok). I have always loved the fibs. To be able to put a line on the chart and say "this is it" has always impressed me. But to get those lines lining up with other areas of support and resistance, the chart is then yelling at you "THIS IS IT"

Have fun. I am lookiong forward to more chart time tonight.

Rufus

Thank you.

Rufus