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Rufus

  • #1,061
  • Dec 31, 2010 12:10pm Dec 31, 2010 12:10pm
1 year ago tomorrow this journal will be 1 year old. I looked through it a bit today to see how my trading style has changed. Some things I have completly trashed others improved upon.

Also last year this time I was working on my trading plan...And I am doing it again now. Last years was 54 pages...This year will probably be substantially more.

Topics include.
Personal Preperation, General Trading Rules, Motivation & Goals, My London open system, ABC's and double tops with fibs, My 5m entry system, Trend Continuation, Limit Orders, Supply & Demand, then my work in progress incorporating Gartley patterns into it.

Some will say it is overkill but not for how my brain works.

My pairs this year in order of preference.

EU, GU, UJ, AU, USDCAD, USDCHF, NZDUSD,

The last two above may not see to much action from me but I will be keeping track of them primarilly for cross pairs.

Then for cross pairs

EJ, GJ, then the others will enter in on a limited basis

So some random thought for you. My New Years day will be right here slamming keys in preperation for the year ahead.

Happy New Year

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,062
  • Jan 1, 2011 10:09am Jan 1, 2011 10:09am
Quoting Rufus
1 year ago tomorrow this journal will be 1 year old. I looked through it a bit today to see how my trading style has changed. Some things I have completly trashed others improved upon.

Also last year this time I was working on my trading plan...And I am doing it again now. Last years was 54 pages...This year will probably be substantially more.

Topics include.
Personal Preperation, General Trading Rules, Motivation & Goals, My London open system, ABC's and double tops with fibs, My 5m entry system, Trend Continuation, Limit Orders, Supply &...
great brother,,
i will still watching your analys,, i hope i can study from your journals for better trading,,
only an analysis, and I'm always wrong, don't follow me,
  • #1,063
  • Jan 1, 2011 2:51pm Jan 1, 2011 2:51pm
10,000 hours to greatness and the Mastery Asymptote.

This is a little project I have been studying and endeavoring to write about. (Remember this year is the year that my focus is the psychological side of trading.)

An Asymptote is a curve that always approaches the "Mastery Line" but never touches.

Some questions I am looking into.

1. Where is 10,000 hours on this curve?

2. What is the quality of the 10,000 hours?

3. Is there a point on this curve where you "maintain" the mastery?

4. How can I incorporate steps in a traders learning on this curve?

5. Does a traders age enter in to the 10,000 hours?

6. Does personality type effect the 10,000 hours to mastery rule?

I guess if I am not careful I will be writing a book. Then again my trading plan is approaching a book.

So I will be posting some of my findings and thoughts on this manner. Also if I get into researching this I may ask for help from other traders along the lines of research when it comes to personality types and hurdles of learning that you have had to overcome.

Should be fun for me. I enjoy this stuff. Hard to believe sometimes that my career path has been in construction when my interests have been elsewhere.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,064
  • Jan 2, 2011 7:29am Jan 2, 2011 7:29am
Master Rufus,,,
how about my analys,,??

i think, EU will be continue downtranding with ISM manufacturing US,,

please corect me if i wrong,,
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only an analysis, and I'm always wrong, don't follow me,
  • #1,065
  • Jan 2, 2011 10:57am Jan 2, 2011 10:57am
Quoting andelumut
Master Rufus,,,
how about my analys,,??

i think, EU will be continue downtranding with ISM manufacturing US,,

please corect me if i wrong,,
Hi Andelumut

please corect me if i wrong.

It is not a question of if you are right or wrong. To me it is all opinion. You could be exactly right. Even as I am looking at the charts with different time frames I can see how you get your analysis.

What is the BIG MONEY going to do?

To tell you the truth I am not sure what to think.

USD is in a weird range.
We are dealing with bank holidays
Price is in a supply area.
NFP Week and the start of a year.

I am going to watch what Asia does with it and possibly take an entry there. I don't think I will be trading into the bank holidays in Europe though.

It is going to be an interesting week in trading though. Maybe it will be the start of a long term clear direction. Here in the US the dollar has been getting hammered. Is there a political or economic agenda? Who knows....It is a game and we just catch the pips in the process.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,066
  • Jan 2, 2011 11:20am Jan 2, 2011 11:20am
Another Calendar set to GMT

I did not see the JPY bank holiday so I will more than likely wait for the US session. Still will be watching it though.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,067
  • Edited 1:30am Jan 3, 2011 1:06am | Edited 1:30am
EU Long.

Stop at BE

Looking for it to close the gap


Closed 1/2 at 15 pips. Rest hit BE stop.

Waiting for another opportunity
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,068
  • Jan 3, 2011 6:41am Jan 3, 2011 6:41am
EU long again

looking to close the gap.

Stop at BE
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,069
  • Edited 7:28am Jan 3, 2011 7:06am | Edited 7:28am
added

closed it out. about 25 pips
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,070
  • Jan 3, 2011 9:13am Jan 3, 2011 9:13am
Quoting Rufus
Hi Andelumut

please corect me if i wrong.

It is not a question of if you are right or wrong. To me it is all opinion. You could be exactly right. Even as I am looking at the charts with different time frames I can see how you get your analysis.

What is the BIG MONEY going to do?

To tell you the truth I am not sure what to think.

USD is in a weird range.
We are dealing with bank holidays
Price is in a supply area.
NFP Week and the start of a year.

I am going to watch what Asia does with it and possibly take an entry...
thanks brother,, ,,
sorry if I look for certainty in the forex,,,

thanks for reminding that nothing is certain in forex, and even profit also is a possibility

I would often come here,
only an analysis, and I'm always wrong, don't follow me,
  • #1,071
  • Jan 3, 2011 8:41pm Jan 3, 2011 8:41pm
Two positions today while trading in my truck. Kinda cramped for much posting. Both EU

The first was a quick 10 pips but had to bail when a fast moving southward bound candle was looming.

The second positions was me catching that candle. Took half off at 20 pips. Now letting the rest ride, maybe till London.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,072
  • Jan 3, 2011 8:49pm Jan 3, 2011 8:49pm
How could I almost forget...

Caught that bugger with a BIG ASS can of WHOOP ASSS...Road it hard all the way to close the gap. Nice thing to catch before heading out the door to work...


Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,073
  • Jan 4, 2011 12:29am Jan 4, 2011 12:29am
Good work

I swear, I'm going to take a picture of Rufus, OR road sign so you can have a new avatar...I think of this thread every time on my drive to Portland. Next time!
  • #1,074
  • Jan 4, 2011 1:53am Jan 4, 2011 1:53am
Quoting Rufus
How could I almost forget...

Caught that bugger with a BIG ASS can of WHOOP ASSS...Road it hard all the way to close the gap. Nice thing to catch before heading out the door to work...


Rufus
what about your position,,
what is clean,,?

Rufus, I want to ask about data releases Germany unemplyoment change,,? how impact for EU,,?
only an analysis, and I'm always wrong, don't follow me,
  • #1,075
  • Jan 4, 2011 5:47am Jan 4, 2011 5:47am
Rufus, what happens to the GU,,,?? why can move almost 200pips,?

can you explain to me
only an analysis, and I'm always wrong, don't follow me,
  • #1,076
  • Jan 4, 2011 8:13am Jan 4, 2011 8:13am
Quoting andelumut
Rufus, what happens to the GU,,,?? why can move almost 200pips,?

can you explain to me
Hello Andelumut

I would guess cause they had four news announcements this morning that put it on a rip plus it's the first day back for a lot of the European bankers and all the banks in GB. it went from nothing to big jumps and that was right around the LO and the news releases.

I must be rusty after not trading for a few weeks. I got my limits ran through 4 times last night and never made it in the trades and the one big trade I got into I entered 2000 units instead of 5000 units and got less than half the profit I should have. Oh well, on to the next.
A woman drove me to drink, and I forgot to thank her
  • #1,077
  • Jan 4, 2011 8:47am Jan 4, 2011 8:47am
Quoting simpleguy
Hello Andelumut

I would guess cause they had four news announcements this morning that put it on a rip plus it's the first day back for a lot of the European bankers and all the banks in GB. it went from nothing to big jumps and that was right around the LO and the news releases.

I must be rusty after not trading for a few weeks. I got my limits ran through 4 times last night and never made it in the trades and the one big trade I got into I entered 2000 units instead of 5000 units and got less than half the profit I should have. Oh well, on...
Look at it this way,,,,You got all the kinks worked out in ond day for the whole year.

As for the Pound....Thats why it is called the POUND....If you get in the way it Pounds you

It is a great one to catch.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,078
  • Jan 4, 2011 8:54am Jan 4, 2011 8:54am
Quoting andelumut
what about your position,,
what is clean,,?

Rufus, I want to ask about data releases Germany unemplyoment change,,? how impact for EU,,?

Any major news announcement has the ability to impact any of the big three currencies. USD, EUR, JPY,

Germany is also the biggest economy in the EU. Germany has also been carrying a lot of the economic responsibility of the EU. If Germany falls into big economic problems all of the European Union goes with them.

Keep your powder dry and get some pips

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,079
  • Jan 4, 2011 8:55am Jan 4, 2011 8:55am
Quoting sam0182
Good work

I swear, I'm going to take a picture of Rufus, OR road sign so you can have a new avatar...I think of this thread every time on my drive to Portland. Next time!

I am honoured to be thought of once in a while...
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,080
  • Jan 4, 2011 6:53pm Jan 4, 2011 6:53pm
Nailed it...Used my trading desk at Goldman Sachs

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
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