Rufus | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Rufus
Exit Attachments

Rufus

  • #701
  • Oct 18, 2010 10:21pm Oct 18, 2010 10:21pm
Quoting sam0182
You're killing it and we're not even into LO yet...

It is nice to nail it once in a while like this.




Headed to Walla Walla this weekend to visit with my daughter for parents weekend. I will wave as I skirt the Tri Cities.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #702
  • Oct 18, 2010 10:23pm Oct 18, 2010 10:23pm
Quoting Rufus
It is nice to nail it once in a while like this.




Headed to Walla Walla this weekend to visit with my daughter for parents weekend. I will wave as I skirt the Tri Cities.

Rufus
Sounds good, drop me a line if you get any free time, I'd be happy to drive over for lunch, etc.
  • #703
  • Oct 18, 2010 10:46pm Oct 18, 2010 10:46pm
Quoting sam0182
Sounds good, drop me a line if you get any free time, I'd be happy to drive over for lunch, etc.

I will see what's happening. I am not sure what the schedule is for the weekend.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #704
  • Oct 19, 2010 12:04am Oct 19, 2010 12:04am
LO EU short
Attached Image (click to enlarge)
Click to Enlarge Name: 10.19eushortlo15m.jpg Size: 85 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #705
  • Oct 19, 2010 12:15am Oct 19, 2010 12:15am
Price is trying to work through a small demand area then it will take out my first target. 4hr chart shows my targets.

Rufus :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: 10.19eushortlo4htargets.jpg Size: 85 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #706
  • Oct 19, 2010 12:27am Oct 19, 2010 12:27am
The first 15m candle with LO came within 1 1/2 pips of tgt #1. I was tempted to close it out.....But now we wait...

Get this bugger to 30 pips and I will move all to BE and go to bed.

Thanks Gulf Coast Pip for the V yours was the 2nd post on this thread.

http://www.forexfactory.com/showpost...46&postcount=2

I have read a lot of your posts.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #707
  • Edited 1:08am Oct 19, 2010 12:44am | Edited 1:08am
Just relearned something I had forgotten. My target would have been hit....

Price is having a hard time with the little demand level that is located at my first target. Came within 1 pip of hitting it. So I raised it two pips. Much better location technically. Should have put it against the candles to begin with and not on the wicks.

Rufus

Hit my stops...I will never make the above mistake again
Attached Image (click to enlarge)
Click to Enlarge Name: 10.19eushortlotargets at potential sd zones.jpg Size: 88 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #708
  • Oct 19, 2010 3:59pm Oct 19, 2010 3:59pm
Posted this the other day..Target 1 hit...I missed it..sleeping and working

Target two for tonight?

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 10.19eutarget1.jpg Size: 77 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #709
  • Oct 20, 2010 10:32pm Oct 20, 2010 10:32pm
This could be an interesting night...Right now I am clueless as to which direction this will be moving..So when the fire works starts we will see.

I was ready for an entry with the Asian session..I was waiting for a pop closser to 1.4000 into the area boxed out. Of course it didn't happen. So I watched the red candle drop.


Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 10.20preop.jpg Size: 85 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #710
  • Oct 21, 2010 12:38am Oct 21, 2010 12:38am
EU long

Long taken on break of yellow trend line on 5m candle. Price started to retrace at 50% fib.
Two targets off before top of yellow box and 1.4000 approach. These two areas will be trouble.

Rufus :nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10.20eulong15m.jpg Size: 93 KB
Click to Enlarge Name: 10.20eulong5m.jpg Size: 91 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #711
  • Oct 21, 2010 1:05am Oct 21, 2010 1:05am
Quoting Rufus
EU long

Long taken on break of yellow trend line on 5m candle. Price started to retrace at 50% fib.
Two targets off before top of yellow box and 1.4000 approach. These two areas will be trouble.

Rufus :nerd:

Well I managed to get my target for the day squeezed out of this little run. Still have a small piece left to run...

It breaks through 1.4000 and we may be off to the races.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #712
  • Oct 21, 2010 1:17am Oct 21, 2010 1:17am
Nailed it like a piece of trim

Took the last off at 85 pips. A good night. Fresh can of whoop ass.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 10.20eulong15mdone.jpg Size: 81 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #713
  • Oct 21, 2010 1:46am Oct 21, 2010 1:46am
Fibbonaci in action

I must be tired

Rufus
Attached Image
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #714
  • Oct 21, 2010 4:39pm Oct 21, 2010 4:39pm
I don't know if I will be doing ay trading tonight. I am headed out tomorrow morning on a 6hr drive. I don't want to be sleepy. So trade safe all.

Hopefully I will get back early enough on Sunday to do my premarket work.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #715
  • Oct 21, 2010 7:36pm Oct 21, 2010 7:36pm
Quoting Rufus
I don't know if I will be doing ay trading tonight. I am headed out tomorrow morning on a 6hr drive. I don't want to be sleepy. So trade safe all.

Hopefully I will get back early enough on Sunday to do my premarket work.

Rufus
Drive safe man!
  • #716
  • Oct 26, 2010 12:42am Oct 26, 2010 12:42am
Have been reading your journal for the last couple of months or so - great reading and very inspirational.

I have been trading the EU F5 for the last month or so but am struggling to pull the trigger. I have often seen the same setups that you have posted but doubt has caused me not to act on them. This may be due to the discretionary part of this system and not getting a feeling for the strength of a particular S/R or TL. What in your experience have you seen as the most robust S/R areas?

Was also interested to know during a typical trading session how many EU F5 trades do you put on and what is your average Win/Fail/Lose (according to your rules you have posted earlier).

Appreciate your help.
  • #717
  • Oct 26, 2010 7:28pm Oct 26, 2010 7:28pm
Quoting milliellen
Have been reading your journal for the last couple of months or so - great reading and very inspirational.

I have been trading the EU F5 for the last month or so but am struggling to pull the trigger. I have often seen the same setups that you have posted but doubt has caused me not to act on them. This may be due to the discretionary part of this system and not getting a feeling for the strength of a particular S/R or TL. What in your experience have you seen as the most robust S/R areas?

Was also interested to know during a typical trading...

Hi milliellen

Was also interested to know during a typical trading session how many EU F5 trades do you put on and what is your average Win/Fail/Lose

Usually I will put on only one position. The exception being if I can get one on durring Asian that moves into profit and BE before I get to London. I only put on a second position if my first is is at BE. Also with the second position I reduce my risk in half. I usually risk 1/2 % on the first trade then if I take a second it will be 1/4%. Now if it reverses on me I still keep half of what I made on the first. IO have had weeks where I lost 1 of 6 positions. Other weeks lose 2 or 3 of 6. Then I latter see the mistake I made.

. What in your experience have you seen as the most robust S/R areas?

Look for confluences of resistance. Pivots, S/D, S/R, fibs.

As for pulling the trigger. I still hesitate. But the thing is, if you lay out your charts for all the S/R, S/D, fibs, trendlines etc. Then mark things on the chart, where you will take a position etc. What I try to do is plan out my trade long before I take the position, then if you get the antisipated signal at that location you effortlessly take the position. If it goes against you and hits your stop, so what, it is a part of doing business, you planed it, executed it, now it is up to the market to do the rest. Now all you can do is watch.

My current favorite line from "Trading In The Zone"----- "Be rigid in our rules, flexible in our expectations"

Trade safe but above all keep it fun and simple

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #718
  • Oct 26, 2010 11:38pm Oct 26, 2010 11:38pm
Book I am reading.

“If your mind is not in gear with the markets, or if you ignore changes in mass psychology of crowds, then you have no chance of making money trading. All winning professionals know the enormous importance of psychology in trading. All losing amateurs ignore it.”
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #719
  • Oct 26, 2010 11:45pm Oct 26, 2010 11:45pm
Quoting Rufus
Hi milliellen

Was also interested to know during a typical trading session how many EU F5 trades do you put on and what is your average Win/Fail/Lose

[color=black]Usually I will put on only one position. The exception being if I can get one on durring Asian that moves into profit and BE before I get to London. I only put on a second position if my first is is at BE. Also with the second position I reduce my risk in half. I usually risk 1/2 % on the first trade then if I take a second it will be 1/4%. Now if it reverses...
Thanks Rufus
Im currently reading that book - amazing the power of the mind.
How close to you feel you are to giving up the day job?
  • #720
  • Oct 27, 2010 12:20am Oct 27, 2010 12:20am
Fresh can of WHOOP ASS

EU Short

Small part off at 10 pips
Half off at 20 pips
Rest to let run if it can.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 10.26eushort5m.jpg Size: 80 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
1 trader viewing now