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Rufus

  • #841
  • Nov 17, 2010 12:26am Nov 17, 2010 12:26am

"You have to be able to control yourself. You can't let emotions get in the way of your mind."




Warren Buffett

Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #842
  • Nov 17, 2010 12:40am Nov 17, 2010 12:40am
Inserted Video
#!



Enjoy

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #843
  • Nov 17, 2010 8:06am Nov 17, 2010 8:06am
Rufus,

I got a Q about FO, or LO. A while back I noticed that you live in Washington (at least I think you said something to that effect), as do I, and because of the timezone here, it's a crappy time to trade.

Do you actually get up at midnight to trade LO?

Do you call it quits early if you hit a daily target or skip it altogether if Asia gives you what you need?

LO is the bane of my existence. Even trading daily's and weeklies, all the turnarounds and entries happen when I'm asleep.
  • #844
  • Nov 17, 2010 10:24am Nov 17, 2010 10:24am
+1, interested in your response to this as well, Rufus.

Damn PST.

Quoting Low
Rufus,

I got a Q about FO, or LO. A while back I noticed that you live in Washington (at least I think you said something to that effect), as do I, and because of the timezone here, it's a crappy time to trade.

Do you actually get up at midnight to trade LO?

Do you call it quits early if you hit a daily target or skip it altogether if Asia gives you what you need?

LO is the bane of my existence. Even trading daily's and weeklies, all the turnarounds and entries happen when I'm asleep.
  • #845
  • Nov 17, 2010 7:24pm Nov 17, 2010 7:24pm
Quoting Low
Rufus,

I got a Q about FO, or LO. A while back I noticed that you live in Washington (at least I think you said something to that effect), as do I, and because of the timezone here, it's a crappy time to trade.

Do you actually get up at midnight to trade LO?

Do you call it quits early if you hit a daily target or skip it altogether if Asia gives you what you need?

LO is the bane of my existence. Even trading daily's and weeklies, all the turnarounds and entries happen when I'm asleep.
Hi Low and Sam

I know exactly what you mean. This time zone is terrible for trading.

I shoot for 1% increase in the account if I can get it with Tokyo I usually call it quits. But now with work and all I have a hard time catching Tokyo and usually go for London. With London my goal is one good position.

I have set hours as well where I look at the charts. 30 minutes before Tokyo to 2 hours after Tokyo starts. Then 30 minutes before Frankfurt to 2 hours after London starts. If I don't have a position on by 1:30 am I don"t continue looking for one. I like to get stops and such set to a no cost position before I go to bed.

My wife is understanding and supportive of my schedule so that is a big plus. I also have a spare bed I climb into so I don't wake her in the process, but also I will sleep better in it after trading. The dog takes my spot on the bed on trading nights. He is a Great Dane and is offended if I come to bed late and try to move him. "Let sleeping dogs lie", especially if he is 100 lbs and seems to glue himself to the bed.

Eventually I will be converting the extra bedroom to my trading room. At least 1 computer with 6 monitors, a chair and a bed. By the first of the year It is my plan to start getting the equipment to do this.

Some time ago I told myself that this going to be my full time job so everything I am doing now is a step toward that goal.

I am glad you asked this question though. It made me think about my trading habbits. Every "stupid" position that I put on this month where I did not see somethig on the chart happened toward the latter part of my time with London. Obviously a result of me being tired. I get rid of those and my winning percentage skyrockets. I am glad to have seen this.


Now for my sleep habbits....They suck. I get up at 6:00 am to get ready for work. I try to take a power nap around 6:00 pm when I get home again. This is also after Tokyo if I am able to catch it and If I don't get a position on. At times I will also try to catch 30min to an hour sleep before FF if the house is quiet. Then go to bed at 1:30 or 2:00am. If I happen to be working alone I will grab a nap durring lunch. I have been known to sleep for an hour in my truck with the seat kicked back.

So my schedule is constantly a work in progress for now. A lot of it depends on where and if I am working. But like I said each day is another step toward me trading full time.

I hope this answers some questions...It isn't easy but it seems to be working.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #846
  • Nov 17, 2010 8:09pm Nov 17, 2010 8:09pm
Quoting Rufus
Hi Low and Sam

I know exactly what you mean. This time zone is terrible for trading....
Rufus, you are one committed mofo. My GF is tolerant of my trading, but those hours would make me single in two ticks.

But I'm not convinced that's a bad thing.

Thanks
  • #847
  • Nov 17, 2010 11:38pm Nov 17, 2010 11:38pm
EU long

Careful with this position. Collected 10 pips on a part of it but closed it down early. Supply level above looks to be stopping things. I did not think there would be much supply there because price had been there for so long. I would not be surprised to see FF push price to the supply and then London drive it south.

Price is also flirting with “00”. So I will wait for London before my next move.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #848
  • Nov 17, 2010 11:48pm Nov 17, 2010 11:48pm
Dollar index is dropping which would indicate to me that we should be seeing a rise in the EU after this correction.

15m chart attached. We will soon see how this plays out. London it is your move.
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  • #849
  • Nov 18, 2010 1:01am Nov 18, 2010 1:01am
EU Long #2

And the results

Great little run. Target reached for the evening. Time for bed. Piece left on for bigger target.

WHOOP ASS

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #850
  • Nov 18, 2010 8:19am Nov 18, 2010 8:19am
RE: sleeping hours, your schedule sounds like the one I've known to be coming for a long time. I try and trade London but rarely get there...usually just taking the odd trade off my blackberry while at work in the AM (usually before 9AM) but this really isn't cutting it. It certainly seems like the best trades are when I'm asleep 12-2AM.

Like you, I'm up for work circa 5:30AM and don't get home until nearly 6. My plan has been to catch 3-4 hours of sleep until pre-FF, put in my 3-4 hours of trading and then hit the hay circa 2AM for three hours before doing it all over again. It's going to take some adjustment though...that go-stop-go-stop then go again is really tough.

Thanks for the info
  • #851
  • Nov 18, 2010 5:49pm Nov 18, 2010 5:49pm
Quoting sam0182
RE: sleeping hours, your schedule sounds like the one I've known to be coming for a long time. I try and trade London but rarely get there...usually just taking the odd trade off my blackberry while at work in the AM (usually before 9AM) but this really isn't cutting it. It certainly seems like the best trades are when I'm asleep 12-2AM.

[color=black][font=Verdana]Like you, I'm up for work circa 5:30AM and don't get home until nearly 6. My plan has been to catch 3-4 hours of sleep until pre-FF, put in...

My body is weird now. At 12:00 London open, I am wide awake. 1:30 am ready for bed and I usually sleep hard. Tonight I think I will skip trading and try to get some sleep caught up. I was dragging my ass today.

It has been quite an adjustment for me but it is working. I had to be careful not to rush into a pasition because it was getting late.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #852
  • Nov 18, 2010 6:09pm Nov 18, 2010 6:09pm
Inserted Video



For our non country musuc traders

Willie = Willie Nelson...the red headed stranger


Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #853
  • Nov 19, 2010 5:07am Nov 19, 2010 5:07am
Had the opportunity to spend some time with him at a concert when i use to work back stage. I must say he was one of the nicest and most down to earth people of all the stars I've met. he was totally awesome and wasn't even high at that point.
A woman drove me to drink, and I forgot to thank her
  • #854
  • Nov 19, 2010 7:24am Nov 19, 2010 7:24am
Quoting Rufus
My body is weird now. At 12:00 London open, I am wide awake. 1:30 am ready for bed and I usually sleep hard. Tonight I think I will skip trading and try to get some sleep caught up. I was dragging my ass today.

It has been quite an adjustment for me but it is working. I had to be careful not to rush into a pasition because it was getting late.

Rufus
Now I know my body is timed to the Fx market. Went to bed early. Nature called and I had to get up................EXACTLY at the opening of London.... Did not bother trading, needed the rest.

Have a great weekend all

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #855
  • Nov 19, 2010 7:32am Nov 19, 2010 7:32am
Quoting Rufus
Now I know my body is timed to the Fx market. Went to bed early. Nature called and I had to get up................EXACTLY at the opening of London.... Did not bother trading, needed the rest.

Have a great weekend all

Rufus
Funny how that works...I hope to be acclimated in that respect in the next 2-3 months...
  • #856
  • Nov 19, 2010 7:40pm Nov 19, 2010 7:40pm
Inserted Video


Now that is intensity........Bugatti vs. jet fighter
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  • #857
  • Nov 20, 2010 11:49am Nov 20, 2010 11:49am
Inserted Video




The ultimate stoploss
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  • #858
  • Nov 21, 2010 5:23pm Nov 21, 2010 5:23pm
EU short.....Moving sooooooooooo slow


Tell the buyers to goooooo home

I am concerned my stop was set a bit tight...We will see.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #859
  • Nov 21, 2010 6:01pm Nov 21, 2010 6:01pm
Quoting Rufus
EU short.....Moving sooooooooooo slow


Tell the buyers to goooooo home

I am concerned my stop was set a bit tight...We will see.

Rufus
Hello rufus you took a short at what price n what TP please?
Thanks,
Bomi
I want to follow you, Im int. in eur n gbp/usd please.
  • #860
  • Nov 21, 2010 6:52pm Nov 21, 2010 6:52pm
Quoting Rufus
EU short.....Moving sooooooooooo slow


Tell the buyers to goooooo home

I am concerned my stop was set a bit tight...We will see.

Rufus

Stopped out

New short
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