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Rufus

  • #781
  • Nov 11, 2010 2:25am Nov 11, 2010 2:25am
Long E/U.....better watch out...
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Annoying Precision
  • #782
  • Nov 11, 2010 2:31am Nov 11, 2010 2:31am
Quoting Rufus
Short GU out of supply

Rufus

Closed out +40 pips
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #783
  • Nov 11, 2010 2:36am Nov 11, 2010 2:36am
Quoting erikte279
Long E/U.....better watch out...

Closed her down at that level saw it coming
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #784
  • Nov 11, 2010 2:40am Nov 11, 2010 2:40am
I may need to watch out..... lol. I hope g/u dosent drag down e/u because of the level it's at

Quoting Rufus
Closed her down at that level saw it coming
Annoying Precision
  • #785
  • Nov 11, 2010 2:46am Nov 11, 2010 2:46am
My Grandpa would say

Hope (wish) in 1 hand and shit in the other and see which 1 fills up first.

Quoting erikte279
I may need to watch out..... lol. I hope g/u dosent drag down e/u because of the level it's at
Annoying Precision
  • #786
  • Nov 11, 2010 2:50am Nov 11, 2010 2:50am
Quoting erikte279
My Grandpa would say

Hope (wish) in 1 hand and shit in the other and see which 1 fills up first.

Between this and sloppy price action your hands get dirty either way
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #787
  • Nov 11, 2010 3:08am Nov 11, 2010 3:08am
EU short round 3

kick the crap out of it again.

Target 1 in the bag.....Now target 2...

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #788
  • Nov 11, 2010 3:46am Nov 11, 2010 3:46am
Quoting Rufus
EU short round 3

kick the crap out of it again.

Target 1 in the bag.....Now target 2...

Rufus
Well price has come within 10 pips of hitting my 3rd target.

My stops are at BE + so I am going to kick back and relax with some scotch.
no more new positions.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #789
  • Nov 11, 2010 3:47am Nov 11, 2010 3:47am
message
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #790
  • Nov 11, 2010 4:48am Nov 11, 2010 4:48am
Quoting Rufus
message
Wooooooow, Rufus comes to action
  • #791
  • Nov 11, 2010 5:55am Nov 11, 2010 5:55am
Rufus,
At first we had the Force 5 min system to enter, I learned a lot from that but I know now that you just have to watch price action. What is a good manner to enter a trade?

Do you wait until de pa begins to move in a strong manner or do you buy at the moment he hits a pp? What is your manner?

From rainy Holland…..
  • #792
  • Edited 6:01am Nov 11, 2010 5:57am | Edited 6:01am
Quoting Rufus
Well price has come within 10 pips of hitting my 3rd target.

My stops are at BE + so I am going to kick back and relax with some scotch.
no more new positions.

Rufus
Rufus
Some nice trades! On your 'round 3' with the EU, you seemed to pull the trigger a lot earlier than me. I waited for the next bar close (for all the F5 indicators to line up). this was already 12 pips later than you entered. Grateful if you could share your thoughts on what made you enter then.
many thanks

Edit: Just posted this at the same time as forexmist. Pretty much the same question!
  • #793
  • Edited 8:20pm Nov 11, 2010 5:26pm | Edited 8:20pm
Quoting milliellen
Rufus
Some nice trades! On your 'round 3' with the EU, you seemed to pull the trigger a lot earlier than me. I waited for the next bar close (for all the F5 indicators to line up). this was already 12 pips later than you entered. Grateful if you could share your thoughts on what made you enter then.
many thanks

Edit: Just posted this at the same time as forexmist. Pretty much the same question!
You caught me.

I did not let the 5m candle close. I seldom do this. 90% or so of the time, I let the 5m candle close.

The pink line on the chart is the Daily Pivot. All day there was a battle ragging between buyers and sellers on this line with buyers winning. I figured when the last buyer was gone this thing would fall like a rock.

Now I don't like to get much more than 25 pip stoploss on 5m chart and I will always place it 7 pips above the last swing high. This is where I wish I could get MT4 on a 3 min chart. I can't so I will at times do the next best thing. 3 - 1min candles close on the other side of my trend line to take a position (see chart). Keep in mind I will only do this if I figure the market was going to rip out of there past my limits for my stop loss. As it turns out the market did rrip out but not as far as I thought it would. The best entry was a few hours latter when price retested the Daily pivot. I was in bed at this point, But you notice how quickly it fell. This was because the buyers were gone, so with each seller the price droped till a buyer was found.

Any way this is a entry method I use occasionally sometimes it bites me in the ass, but hey, thats a part of trading.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #794
  • Nov 11, 2010 7:43pm Nov 11, 2010 7:43pm
EJ short. Good for 20 or so pips. Charts show the correlations I use for cross pairs. Closed out position when EJ hit support and UJ started to climb.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #795
  • Nov 11, 2010 8:26pm Nov 11, 2010 8:26pm
Took this too for +40 pips
  • #796
  • Nov 11, 2010 8:30pm Nov 11, 2010 8:30pm
Quoting Reset_JL
Took this too for +40 pips

Cool Beans
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #797
  • Nov 12, 2010 1:21am Nov 12, 2010 1:21am
EU short

tgt 1 in the bag

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #798
  • Nov 12, 2010 2:18am Nov 12, 2010 2:18am
Quoting Rufus
EU short

tgt 1 in the bag

Rufus
Allright they took out the rest of my position. Il"l bet they run this bugger south again.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #799
  • Nov 12, 2010 2:31am Nov 12, 2010 2:31am
Quoting Rufus
You caught me.

I did not let the 5m candle close. I seldom do this....
Thanks Rufus
Appreciate your responses to the more fledgling traders amongst us. Gives me confidence that I am least going in the right direction even if the account is not!
cheers
  • #800
  • Nov 12, 2010 6:25am Nov 12, 2010 6:25am
Rufus, I just read through your thread, I like your style. Like you I was trading only EUR/USD but I recently added AUD/USD to the mix. I like this pair and all the principles carry over quite nicely. Have you started trading this pair yet and if so, what are your thoughts?
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