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Rufus

  • #441
  • Aug 24, 2010 3:32am Aug 24, 2010 3:32am
Quoting Rufus
Added to position. First part at BE. Now we need this bugger to break down.

Rufus

Second entry stoped out. First still set at BE

Took another short signal.


Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #442
  • Aug 24, 2010 3:46am Aug 24, 2010 3:46am
Quoting Rufus
Second entry stoped out. First still set at BE

Took another short signal.


Rufus
Weekly S1 looks quite strong for now, I put my SL over the 50SMA (15min chart) . let's hope it will bounce back ...
Lorenzo
  • #443
  • Aug 24, 2010 3:48am Aug 24, 2010 3:48am
Closed all out. Still with positive pipage.

If I get another short signal in the next 15 min. I will take it. Or I will go to bed

Looks like this is more of the climate for a short term scalper..

August???

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #444
  • Aug 24, 2010 4:10am Aug 24, 2010 4:10am
I am a glutton for punishment at times...Have a signal. Took another short. This one will stay and I am going to bed. First target comes off at 20 pips. The rest are substantially lower than the Tokyo low.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #445
  • Aug 24, 2010 4:17am Aug 24, 2010 4:17am
I waited a little bit hoping it didn't wanna break the 50MA.

I also opened another lot for a small scalp on the top, and as soon as it got down a bit I closed them all (red line). I will look for the next short soon too tho.
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Lorenzo
  • #446
  • Aug 24, 2010 4:18am Aug 24, 2010 4:18am
Quoting Rufus
I am a glutton for punishment at times...Have a signal. Took another short. This one will stay and I am going to bed. First target comes off at 20 pips. The rest are substantially lower than the Tokyo low.

Rufus

Well you sure can't fault me for not taking my signals.

The above is slightly in profit. I will let it cook.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #447
  • Aug 24, 2010 4:19am Aug 24, 2010 4:19am
Quoting lorbax
I waited a little bit hoping it didn't wanna break the 50MA.

I also opened another lot for a small scalp on the top, and as soon as it got down a bit I closed them all (red line). I will look for the next short soon too tho.

This might be the way to do these right now with PA so stinking choppy.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #448
  • Aug 24, 2010 4:22am Aug 24, 2010 4:22am
Quoting Rufus
This might be the way to do these right now with PA so stinking choppy.
well i was lucky to be honest, and it's not very wise. But, I am often impatient and I re-opened a double order too now, with similar SL/TP of yours.

Good night!
Lorenzo
  • #449
  • Aug 24, 2010 7:23am Aug 24, 2010 7:23am
First Target out +20
Second +55 still running and SL @ BE+2

This was a good entry! thanks Rufus.
Lorenzo
  • #450
  • Aug 24, 2010 8:23am Aug 24, 2010 8:23am
Quoting lorbax
First Target out +20
Second +55 still running and SL @ BE+2

This was a good entry! thanks Rufus.
Rough night but it finally went. Your welcome

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #451
  • Aug 24, 2010 9:47am Aug 24, 2010 9:47am
First order closed +20 as said
Second stopped +10


and now....


I tried a "last resort" short just now, hoping the strong resistance 1,2700-1,2720 of the previous days will actually resist...

First stop on the red line, then moved back down to BE once I was at +10 ... this is quite risky.... what you think ?
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Lorenzo
  • #452
  • Aug 24, 2010 11:03am Aug 24, 2010 11:03am
Quoting lorbax
First order closed +20 as said
Second stopped +10


and now....


I tried a "last resort" short just now, hoping the strong resistance 1,2700-1,2720 of the previous days will actually resist...

First stop on the red line, then moved back down to BE once I was at +10 ... this is quite risky.... what you think ?
Closed now. End of london session, I prefer not going overnight with trades.
It was a good +30 pips.
Lorenzo
  • #453
  • Aug 24, 2010 7:45pm Aug 24, 2010 7:45pm
Quoting lorbax
First order closed +20 as said
Second stopped +10


and now....


I tried a "last resort" short just now, hoping the strong resistance 1,2700-1,2720 of the previous days will actually resist...

First stop on the red line, then moved back down to BE once I was at +10 ... this is quite risky.... what you think ?

Hi Lorbax

Were you aware that this was a news candle?

Anyway it sounds like you made out with it. That candle did run into a wall.

I took the same position but had to go to work so left it with a trailing stop. Made out good with it as well.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #454
  • Edited 3:08am Aug 25, 2010 2:00am | Edited 3:08am
Hi,

yes it got me out, I had had only the second part open with stop @ +10 (lowered down from BE few mins before) - I knew about the news release but I wanted to try to let it run, as I often blame myself for aborting trades too early.

Then afterward, when I saw it on the resistance zone of 1.27-1.2720 I decided to re-sell it and it worked, even if it was like catching a falling knife (actually falling upwards ) . What made me think of re-opening a short was also the fact that it made a full figure (from 1.26 to 1.27) in less than 2 hours .... a bit too much in this low-volatility period.

Let's see what the market offers us today ....
Lorenzo
  • #455
  • Aug 25, 2010 8:15am Aug 25, 2010 8:15am
Picked up 30 pips last night.

No trading for me tonight either (London). I am taking my daughter to college early the next morning.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #456
  • Aug 25, 2010 8:35am Aug 25, 2010 8:35am
Erkite posted this a few months ago. I wanted to bring it forward. Helps my mind set.

I am a professional trader. My job is to take risk. If I manage my losses and let my profits run I will be successful.
Because I am a professional trader, I will forgive myself easily for making mistakes and move on to new opportunities.
I feel great that I have the discipline to control my emotions and the patience required to be a professional trader.
I am a professional trader and will make $1,000,000 by year end. I will achieve this by following my trading plan, setting achievable goals, and controlling my emotions.
I am confident and believe in my own ability to be consistently profitable because I AM a professional trader.
__________________
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #457
  • Aug 25, 2010 8:37am Aug 25, 2010 8:37am
And This

We TRADE TO LIVE. We are NOT like others who LIVE TO TRADE.
We know that our Health is ALWAYS more important than our wealth.
We know trading is NOT a "Get Rich Quick Scheme".
We know trading is a serious business and WE treat our trading as a SERIOUS BUSINESS
We understand we have, like any other profession, to put in the thousands of hours studying, learning and practicing our methods and techniques.
We understand there is NO SHORTCUT to becoming successful and profitable traders.
We understand that successful and profitable trading is 95% psychology and 5% technical skill. We know who and what we have to control.
We need PATIENCE to wait for and "SEE" opportunities
We need DISCIPLINE to act and trade on such opportunities
We are PLANNERS – We always PLAN each and every trade and then Trade the PLAN without exception.
We are BELIEVERS. We believe in ourselves and our PLAN.
We are happy, content and satisfied with where we are in our trading career.
We believe in the Holy Grail. We know what the Holy Grail is. We have found the Holy Grail and our search for trading enlightenment is over.
We can only take what the market gives us - we do "NOT" force the market.
We respect PRICE and the Market.
We understand that PRICE is Lord, King, Queen and Country.
We ACCEPT losses as the cost of doing business
We are PROFESSIONALS and PROFESSIONALS look for a reason NOT to take a trade
We are NOT Amateurs. Amateurs manage money by taking RISK. PROFESSIONALS manage RISK by taking money. Check!

Thanks again Erikte
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #458
  • Aug 25, 2010 9:44am Aug 25, 2010 9:44am
Amen to that Brother

Quoting Rufus
And This

We TRADE TO LIVE. We are NOT like others who LIVE TO TRADE.
We know that our Health is ALWAYS more important than our wealth.
We know trading is NOT a "Get Rich Quick Scheme".
We know trading is a serious business and WE treat our trading as a SERIOUS BUSINESS
We understand we have, like any other profession, to put in the thousands of hours studying, learning and practicing our methods and techniques.
[color=blue]We...
  • #459
  • Aug 25, 2010 2:19pm Aug 25, 2010 2:19pm
Now I know I am a Forex junkie...

l am sitting here at work eating cold salmon for lunch and realized I can get to FF on my cell phone. Looks like I can even post. Putting together a kitchen today while thinking about my charts and the markets.

It is amazing how many thoughtful solutions concerning trading and such you can come up with when you are not looking at charts.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #460
  • Edited 2:42pm Aug 25, 2010 2:29pm | Edited 2:42pm
, I do the same thing. I recently gave my daughter my old phone so I could update to an I-phone. I use it at lunch to read ff. Man I have turned into such a addict. My broker even has an app that lets me look a charts and trade from my phone.

Hey good luck tomorrow with your daughter. It was an emotional day for me letting my daughter go.

Kurt

Quoting Rufus
Now I know I am a Forex junkie...

l am sitting here at work eating cold salmon for lunch and realized I can get to FF on my cell phone. Looks like I can even post. Putting together a kitchen today while thinking about my charts and the markets.

It is amazing how many thoughtful solutions concerning trading and such you can come up with when you are not looking at charts.

Rufus
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