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Rufus

  • #861
  • Edited Nov 22, 2010 2:10am Nov 21, 2010 8:53pm | Edited Nov 22, 2010 2:10am
EU short First Target hit-------Rest hit stop
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #862
  • Nov 21, 2010 8:59pm Nov 21, 2010 8:59pm
Quoting behman8850
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.
1.3745 was the location of my short

I draw trendline on 15m chart. Took entry when 5m candle closed under it. All this happened in a supply area. But hit my sl. I should have taken a smaller position so my stop would have been above the top of the zone.

Next short above was higher in the supply zone. Same signal @ 1.3755.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #863
  • Edited Nov 22, 2010 2:09am Nov 21, 2010 9:02pm | Edited Nov 22, 2010 2:09am
AU short in supply area...Stop above supply ------ Hit Stop

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #864
  • Nov 21, 2010 10:12pm Nov 21, 2010 10:12pm
This price action sucketh..........
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #865
  • Nov 21, 2010 10:29pm Nov 21, 2010 10:29pm
I will bet they took off early....Will have to let FF and London do all the work
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #866
  • Nov 21, 2010 11:27pm Nov 21, 2010 11:27pm
I looked on my calendar for Sunday and found nothing of importance.


Then after my first EU goes sour I looked at Mondays calendar and saw the JPY bank holliday....So from now on I will be looking at the calendar as a whole to better get a grip on things...

I don't like taking possitions durring a session when they are having a holiday.

So I still have the EU and AU cooking and they still seem to be doing all right. Both are in the supply zone and both with gaps under them that need filling. There are buyers down there that need to fill their orders.

SO LOOK AT THE WHOLE CALENDAR


Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #867
  • Nov 22, 2010 1:57am Nov 22, 2010 1:57am
EU short #3 Hit new supply

Targets 1 and 2 hit. Finally got the move
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #868
  • Nov 22, 2010 2:05am Nov 22, 2010 2:05am
EU did not start moving untill the powers at be got the GU to a supply zone as well. Now they both can drop. I did not take the GU trade but would have been a good one.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #869
  • Nov 22, 2010 3:08am Nov 22, 2010 3:08am
4h supply EU
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #870
  • Nov 22, 2010 8:59am Nov 22, 2010 8:59am
Inspite of the rough start trying to trade through JPY bank holiday and getting positions hitting my tight stops. I got the south move to clear out all my targets..

Moved me way into profitable for the night.

Learned my lesson here on being more observant of the calendar especially JPY holidays this is the second time I have done this.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #871
  • Nov 22, 2010 2:23pm Nov 22, 2010 2:23pm
The candle I have indicated is why I try to be careful with the Asian session, especially when there is a bank holiday in Japan.

Because of the lack of volume it is very easy for big money to move price. Their orders were not at the lower supply zone where I was trying to get in on the ride. They were all sitting like vultures on the supply level above it. They cleaned out stops to get to the level and when it was hit it opened the flood gates of shorts. I nailed it there though and road the wave down with them. HEEEEEEEHAAAAAAAA

It is a dirty game they play but we just need to see it and be aware. Then protect our selves. Illegitimi non carborundum. I should not have even been looking at the charts till just before FF. Sam Seidon has even taught to take the upper zones when they are tight like that. Trade and learn...sometimes you learn the hard way. Through out the whole night I did not get upset about a thing with the stops that got hit.....Stuck with it till I saw the opening then pounced on it. I feal good about that. I have come a long way. So I pat myself on the back for that and give me an attaboy.


How many people bought the breakout right into that massive supply?

Trade safe

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #872
  • Nov 22, 2010 2:49pm Nov 22, 2010 2:49pm
My friend this is very true. I got stopped out twice for -20 pips total before I finally caught the move down to last weeks close, needless to say I was squirming a little on the third position.

I also admire your ability to be so consistent and thorough with your journal entries.

Quoting Rufus
The candle I have indicated is why I try to be careful with the Asian session, especially when there is a bank holiday in Japan.

Because of the lack of volume it is very easy for big money to move price. Their orders were not at the lower supply zone where I was trying to get in on the ride. They were all sitting like vultures on the supply level above it. They cleaned out stops to get to the level and when it was hit it opened the flood gates of shorts. I nailed it there though and road the wave down with them. HEEEEEEEHAAAAAAAA

It is a dirty...
Annoying Precision
  • #873
  • Nov 22, 2010 2:51pm Nov 22, 2010 2:51pm
Quoting erikte279
My friend this is very true. I got stopped out twice for -20 pips total before I finally caught the move down to last weeks close, needless to say I was squirming a little on the third position.

I also admire your ability to be so consistent and thorough with your journal entries.

Thank you

Last night was an education
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #874
  • Nov 23, 2010 1:40am Nov 23, 2010 1:40am
Morning Rufus!
  • #875
  • Nov 23, 2010 4:13pm Nov 23, 2010 4:13pm
no power,phone, internet, or fx. storm came through and knocked it all out. hopefully back in business soon
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #876
  • Edited 8:48pm Nov 23, 2010 7:34pm | Edited 8:48pm
Quoting Rufus
no power,phone, internet, or fx. storm came through and knocked it all out. hopefully back in business soon
For this kind of weather you really can't do your builders works further, no internet either so no trading, then take some times to read your favorite books

Happy trading Rufus
  • #877
  • Nov 23, 2010 8:02pm Nov 23, 2010 8:02pm
Quoting Buildcity
For this kind of weather you really can't do your builders works further, do internet either so no trading, then take some times to read your favorite books

Happy trading Rufus
and raid the bar!
A woman drove me to drink, and I forgot to thank her
  • #878
  • Nov 24, 2010 12:56pm Nov 24, 2010 12:56pm
Quoting simpleguy
and raid the bar!
still no power for me. Today is my first trip to town. most of theroads arevstill blocked. sooooooo enjoy my books. and scotch
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #879
  • Nov 24, 2010 1:32pm Nov 24, 2010 1:32pm
Quoting Rufus
no power,phone, internet, or fx. storm came through and knocked it all out. hopefully back in business soon
If it makes you feel any better, I had to go to Cali for 3 days, and it literally took 6.5 hours to get from SeaTac back home to the San Juan Islands mostly in 1st gear, then I spent the better part of my first day back thawing my incoming water lines (I had drained my house and shut off the water when I left).

Even more frightening, I re-plumbed my entire house last spring (thanks you-tube!), and this is the first test of my workmanship.

I still have a blockage in the outgoing line from my kitchen sink, and will be crawling around under my house armed with a blow-dryer. And to make it really fun, my only heat is a wood-stove, and it took almost 14 hours of solid burn time just to get the house to a "normal" temp.

I guess I should be happy to have my electricity and internet, but you're not alone in your problems.

Who doesn't love a good storm?
  • #880
  • Nov 24, 2010 5:29pm Nov 24, 2010 5:29pm
Hey Rufus,

It's been a long time since I posted in your thread, or any other thread for that matter. I left because of the mass of new people that came in my favorite thread and thought they knew everything there was to know about forex and bullied everyone else around. Anyways just wanted to drop in and see how things are going. I see (from briefly glancing at several of your charts) that you still utilize the MA's and the fibs. How is everything working out for you? Have you finalized your trading plan yet. Well, happy holidays to you.

C.
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