Rufus | Page 34 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Rufus
Exit Attachments

Rufus

  • #661
  • Oct 13, 2010 10:09am Oct 13, 2010 10:09am
It helps me stay flexable through good times and bad.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #662
  • Oct 13, 2010 10:56pm Oct 13, 2010 10:56pm
No trading for me tonight. To many up till 2:00 or 2:30am then getting up at 6:00am .

Hit it again tomorrow night.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #663
  • Oct 14, 2010 7:29pm Oct 14, 2010 7:29pm
I have found the ultimate in the prevention of taking a position that will run into a supply or demand level that will take you out.........!!!!!!!!!!!!!!!!!

Now we need a programer to hook this up to an indicator.

Rufus



Inserted Video
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #664
  • Oct 14, 2010 8:04pm Oct 14, 2010 8:04pm
EU long Tg 1 kit

Life is good today
Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: 10.14eulong.jpg Size: 63 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #665
  • Oct 14, 2010 8:28pm Oct 14, 2010 8:28pm
Quoting Rufus
EU long Tg 1 kit

Life is good today
http://www.youtube.com/watch?v=lB8Nk...eature=related

Tg 2 out. I moved tg 3 up. Might split it at 40 pips or so if it gets there.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #666
  • Oct 15, 2010 2:00am Oct 15, 2010 2:00am


Quoting Rufus
Tg 2 out. I moved tg 3 up. Might split it at 40 pips or so if it gets there.

Rufus
  • #667
  • Edited 9:11am Oct 15, 2010 9:00am | Edited 9:11am
Nice trading Rufus, that last EU long was perfect. I had the same damn lines on my charts just trouble pulling the trigger.

Have a good weekend. I'll be over in Seattle for Freaknight this Halloween, we'll have to get together.
  • #668
  • Oct 15, 2010 10:26am Oct 15, 2010 10:26am
Lend me one, this is the topic I'm currently investigating

Quoting Rufus
I have found the ultimate in the prevention of taking a position that will run into a supply or demand level that will take you out.........!!!!!!!!!!!!!!!!!

Now we need a programer to hook this up to an indicator.

Rufus



http://www.youtube.com/watch?v=BOInLQcRE8c
  • #669
  • Oct 15, 2010 2:42pm Oct 15, 2010 2:42pm
Quoting sam0182
Nice trading Rufus, that last EU long was perfect. I had the same damn lines on my charts just trouble pulling the trigger.

Have a good weekend. I'll be over in Seattle for Freaknight this Halloween, we'll have to get together.

I would like to meet with you but I will be in the mountains outside of Naches. I will be up there all week. If you find yourself in that area let me know.


Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #670
  • Oct 15, 2010 2:49pm Oct 15, 2010 2:49pm
Quoting Rufus
I would like to meet with you but I will be in the mountains outside of Naches. I will be up there all week. If you find yourself in that area let me know.


Rufus
Ah, nice! Hunting season?
  • #671
  • Edited 9:18pm Oct 15, 2010 8:45pm | Edited 9:18pm
Quoting sam0182
Ah, nice! Hunting season?
Yes. A week in the mountains...It will be tough without my computer. I will probably drop down to the lower levels and long on to check things out.

Forex Nerd

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #672
  • Edited 9:14pm Oct 15, 2010 9:04pm | Edited 9:14pm
Quoting Rufus
Newton’s Laws

Second law: A body of mass m subject to a force F undergoes an acceleration a that has the same direction as the force and a magnitude that is directly proportional to the force and inversely proportional to the mass, i.e., F = ma. Alternatively, the total force applied on a body is equal to the time derivative of linear momentum of the body.

Rufus Laws of currency motion

Second Law:

A Currency pair subject to a force, (News event, S/D, Fibonacci, etc.)...
I was looking at this stuff with my son for his school work and that is what gave me the idea for all this.

Today while listening to A Sam Seidon webinar he mentions...........Issac Newton...... I guess I am not as crazy as I thought.

One thing I thought of recently is that today money has no mass. It has a value that is only as heavy as the Full Faith and Credit of the country that backs it. So as a result todays currencies fly all over the charts.

Years ago when currencies had a mass...that is backed by gold they moved VERY little. Remember "inversely proportional to the mass"

Just a tidbit of the stuff I run through my brain cell every day.

Rufus :nerd:
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #673
  • Oct 16, 2010 11:28am Oct 16, 2010 11:28am
October 16,

The start of my weekend preparation work for the trading week ahead.

I am getting very comfortable with my trading style. It is involving S/D and trends. I will be looking at S/D levels with all time frames. But no matter what time frame I am focusing on, the information will be subject to the information gathered from the next highest time frame. For instance, if I see a demand zone on a 5 min chart that is only 50 pips under the supply area on a 4h chart, the 4h will have more importance.
I have also decided that on the weekends I will do the prep work on weekly and daily charts. Then before each trading session lay out the 4h/15m charts. I will still take most of my entries on a 5m chart endeavoring to keep my stop around 20 pips.



Looking at these two charts I can’t help but think that we are in for a move to the south. But it would not surprise me to first see price move to the 78.6 fib, 1.4431. This will take out the second retracement target, another supply area or two, hit the trend line, but also set it up for a bankers reversal. We will probably see next week.


Rufus :nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10.16weekprep.jpg Size: 74 KB
Click to Enlarge Name: 10.16dayprep.jpg Size: 89 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #674
  • Oct 16, 2010 1:06pm Oct 16, 2010 1:06pm
Some irony here

I bet I know more about the economy of nations and currencies then our current president.

I am fixing a toilet....Maybe if our president fixed some toilets he would be a better president. Just a thought.

I know!!!! I should run for Governor of our state. Balance the budget with the Forex. Fire all useless workers. Put the state of Washington into a money making machine.

Governor Rufus...What is your view on this matter?..........YOUR FIRED....thats my view.

Just immagine it........

Donald Trump, has been rumoured, that he might run for President...He will fire a lot....YOUR FIRED

So maybe Governor Rufus is not out of the question.........NAH...I have fixed to many toilets.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #675
  • Oct 16, 2010 1:09pm Oct 16, 2010 1:09pm
Quoting Rufus
Some irony here

I bet I know more about the economy of nations and currencies then our current president.

I am fixing a toilet....Maybe if our president fixed some toilets he would be a better president....
You got my vote.

And with all this hoo-ha about the privitization of liquor sales, could you just make the booze free?

Now that's my kind of socialism
  • #676
  • Oct 16, 2010 4:04pm Oct 16, 2010 4:04pm
Quoting Low
You got my vote.

And with all this hoo-ha about the privitization of liquor sales, could you just make the booze free?

Now that's my kind of socialism
Now free booze...That is a platform I can stand on...A low platform anyway, I may be too wobbly for a high one...

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #677
  • Oct 17, 2010 11:41am Oct 17, 2010 11:41am
Now the GU

Kind of the same scenario for the GU. Price is sitting on a double top possibility. Again a move to the 78.6 fib is also possible to set things up for a bankers reversal. Dollar strength may be the bigger issue this upcoming week. Up or down the S/D areas are where I will be expecting some action.


This week I will start looking at more pairs and setting things up with alerts to catch movements. In the past I have stuck with only EU and GU only because if I added more it became harder to keep track of all the charts. So my focus will be the EU and GU but I will set up alerts on other pairs at S/D zones.

Rufus :nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10.16guweeklyweekprep.jpg Size: 73 KB
Click to Enlarge Name: 10.16gudailyweekprep.jpg Size: 93 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #678
  • Oct 17, 2010 2:49pm Oct 17, 2010 2:49pm
Now I will look at the dollar index. The 161.8% fib target for the 38.2 retracement looks like it could be a great target for a turn around. Lots of previous price action there. We will see what happens. So in light of all this and the 78.6 fibs not hit yet on EU and GU. I would not be surprised to see them get hit this week then start south.

Rufus :nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-10-17_Weekly.jpg Size: 111 KB
Click to Enlarge Name: 2010-10-17dollar_index_daily.jpg Size: 97 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #679
  • Oct 17, 2010 8:05pm Oct 17, 2010 8:05pm
Now the USDCAD

Oil is reaching the top of its range as well as the UC reaching the bottom of its range. Right now everything I look at is an issue of dollar valuation. This kind of makes me think that until we see where Mondays markets take us in the USA we may not see a lot. Friday was a start of a little dollar strength. It will take a lot of follow through to turn this ship around.


Oh well…. Play the zones

Rufus :nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-10-17_UCand_cad.jpg Size: 95 KB
Click to Enlarge Name: 10.16ucweeklyweekprep.jpg Size: 79 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #680
  • Oct 18, 2010 3:01am Oct 18, 2010 3:01am
EU short

Waited for London to commit itself. I do not think there is much demand in the area marked on the 1h chart. Price also butted up against the trend line. My first target is 20 pips which is just above the first little demand zone. I have not figured out all my next targets yet. I want to let this run a bit.


The battle is between the buyers and sellers now. The overall trend is down. So I am sticking with the sellers. The pound has dropped 50 pips since London open. I can’t help but think that the EU will be doing the same. Technically they were both set about the same.

Rufus
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10.18eushort1h.jpg Size: 97 KB
Click to Enlarge Name: 10.18eushort5m.jpg Size: 78 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
1 trader viewing now