Rufus

Mothers Day, NFP, and bank holidays. What more could you ask for.

Rufus

......5 correct trades and


A 2500 acre goat farm in zimbabwe pushing around 5k male/ female pairs a year to distressed persons for a start :-)

Hey Rufus,

Hope your trading is going well along with life in general.

Saw you mention lost power a few days back & I have the same problem my way. This is a real pain for a microscalper like me and I have lost serious money from the juice winking on and off. So nowadays if I see the wind picking up pretty hard I will just step away from the chalupa. Like tonight....

Planted taters a week ago, did ye? You're ahead of me. But I am still diggin spuds from last year. I have got to where I don't dig all of em in the fall but just leave some and if you hill or mulch over a little then you can have fresh ones whenever.

Well, happy trades!

I have been busyer than a one legged man at an ass kicking contest. I was gone for 16 hours yesterday working. The day before that was similar, today another. Weeks like this are what reinforces to me why I want to trade full time. Hopefully this week I will get most of the projects completed and be able to get back to my charts soon.

While on the job sites I have noticed that most of the workers around me are over 40. This looks like to me, that owners and superintendents are doing most all the work and not hiring anyone. This is what I am doing right now as well. I should be hiring one more to help with the work load but 3 months from now I may have little to do. This also could explain why productivity numbers are up as well.

So I have missed out on all the nice runs I have seen on the charts. Maybe next week I will catch them going back the other way.

Picture was part of my project in the home on the side of the Olympic Mountains I have been working on. Finished it yesterday.

Rufus

I am homne from work in time to catch Tokyo Open and have caught a nice move. First target is off. Price came within 3 pips of second target and has since retraced a bit.

My entry was the close under the trendline. Price reversed off the Daily Pivot which was also close to the 50% retracement of yesterdays move.

Rufus

Closed the rest out. Looks like we are going to see some rise to the Euro.

Rufus

Interesting retrace here. From the low of yesterday to the high just before Tokyo Open, price retraced to 61.8 fib. then moved on north. Could we be seeing the btm of the euro fall?

Also the weekly chart fell right to support. This stuff is pure neatness.

Rufus

This bottom held up today.

Rufus

Lets try this chart instead.

Rufus

This weekend I am working on getting all my paperwork caught up and a few outside things done. Also something for my wife for mothers day. Hopefully be able to get in some quality time next week with my charts.

The whiskey barrel fountain was last weekends project.

Rufus

Our week ahead should prove to an interesting one. The GU pair is what I will focus on here.

They are dealing with a hung parlament in England, right now their topic of discussion is "election reform". So in my opinion their topic is nothing but smoke and mirrors trying to avoid the real issues the world is faced with. I am from the United States and we hear the same story over here. From Federal elections to muninciple, "election reform". So in the mean time the economy is in the crapper, we have soldgiers dieing in Iraq and Afganistan and right now they are all bickering over health care.

The week ahead should prove to be interesting. I am going to try to ride the wave of money flow the big banks are going to cause.

We saw the pound give us a little bit of recovery at the end of the week. Which was a retrace to 38.2 fib. At the 50 fib, price will be running into weekly and monthly pivots. It is going to be a hard climb for price to dig itself out of this hole.

The weekly chart isn't helping the Pound's case at all. Everything seems to be pointing down to me. But up or down I will ride the wave.

By the way. When I lookk at the charts at the begining of the week. I try not to fester a preconcieved idea in my head about where price ""WILL"" go. If I am wrong, how long will it take to change my my mind and how much was lost in the process. I like to mark out S/R and and other things that may enter in and trade with that knowledge in mind. Let the market do what it may and I will tag along for the ride

Rufus

On a different note........................................


Backyard pond?.............................................Or dog bath?

She was in it before I was even done.

Rufus

Entry on EU from the pull back after Tokyo Open,.

So far it came within 1 pip of my first target the retraced to 3 pips from my stop loss. It may take London to get this thing moving. With a position like this with Tokyo Open I shoot to have the stop moved to at least BE by London.

Rufus

Current battle with the position. No targets hit yet.

Why such a battle at 1.2757 ?

Rufus

Firtst two targets hit. Came within 2 pips of third. Stop now at BE plus 4 pips. Ready for Frankfurt and London.

Rufus

Target 3 in the bag. 4 is a long ways away. Will trai this one with stop loss set over pivot highs on 15m chart. My hunch is that London is going to take things North.

Rufus

I might just call it an early night. I split my 4th target in half and took the profit at 80 pips. The rest will let run tonight. Increased account by 2%. I am happy with that. If I hit the sack now, I will be fresh for tomorrow to do it again.

I had similar signal with the GU. but it occured after the EU. so in order to keep my risk correct to my trading plan, I stuck with the EU I was in this position already.

Good pippin to all.

Rufus

Going to hit it tonight. I see we have had some nice runs while I was out and about.

I am looking for a retrace durring first 2 hours or so of Asian session. Up to a key fib or pivot, then take whichever pair short.

Rufus

That obviously didn't happen. Now waiting for London to open. In the mean time I am going to try to catch a nap. I have been working far to hard lately to catch very many of the London opens.

If I were to put in a pending order for the EU and GU. They would be for a short at the Daily pivot for each, with stop losses just above the pivot highs which are both just a few pips above the Daily Pivots.

I am not comfortable with setting pending orders just yet so we will see how this goes.

Rufus

I have watched these happen so many times.

Setting pending order on GU. Small position.

Sell Limit 1.4692
SL 1.4733
T1 1.4648
T2 1.4618
T3 1.4572

I will also set a trailing stop at 45. If I am not in the position and in the money by US open I will cancel all.

This entry will let me catch the Daily Pivot. Then use the Monthly Pivot and to pivot highs to protect my stop.

Rufus