Rufus | Page 56 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Rufus
Exit Attachments

Rufus

  • #1,101
  • Jan 6, 2011 11:30pm Jan 6, 2011 11:30pm
Quoting Rufus
Ask a smoker trying to quit.
Never!

Quoting Rufus

So I protect my brain cell....only one left..
LOL.

p.s. get on skype
  • #1,102
  • Jan 7, 2011 1:05am Jan 7, 2011 1:05am
Quoting Rufus
That thread is a good one top learn price action.

As for my mind... It seem s the older I get the more I have realized just how detrimental it is to allow all the crap to sift in. Those little neurons that make the pathways in our brain are not choosy about where that path is. If we start a bad habit or wrong thinking those pathways start forming. The longer we have the bad habit or wrong thinking the deeper those paths get. The deeper they get the harder it is to change them. Ask a smoker trying to quit.

So I protect my brain cell....only one...
Great Rufus,,

bad habits that will be very difficult if we do dihilangi repeated,

better not do, rather than continue to repeat
only an analysis, and I'm always wrong, don't follow me,
  • #1,103
  • Jan 7, 2011 3:00pm Jan 7, 2011 3:00pm
A little off topic but I was going through some pictures I took last year and your famous "can of whoop ass" was staring me in the face...albeit a different can of whoop ass. But all the same!

http://farm5.static.flickr.com/4083/...6d016728_z.jpg
untitled-20 by sam0182, on Flickr

Let's do some work Sunday night. Have a good one Rufus.
  • #1,104
  • Jan 7, 2011 3:26pm Jan 7, 2011 3:26pm
Quoting sam0182
A little off topic but I was going through some pictures I took last year and your famous "can of whoop ass" was staring me in the face...albeit a different can of whoop ass. But all the same!

http://farm5.static.flickr.com/4083/...6d016728_z.jpg
untitled-20 by sam0182, on Flickr

Let's do some work Sunday night. Have a good one Rufus.

Maybe we should design a trading system and post here on FF. Call it "The Whoop Ass Pip Collection System" Our indicator can be the "Three Goat Formation" Thanks to Erikte we even have a name for the secret weapon.

Sunday night sounds great...What time?

I will have to grab the story of the three goats from another post.

.....It started with three goats.....This is not some sort of secret candlestick formation...Three literal goats.

"We have been goat sitting" for some friends and 2 minutes after I put on a position he came by wanting to pick them up. I should have closed it down. But I went outside and let it run. It went into nice profit, hit supply gave a reversal signal and hit my stop. I missed two good trades cost me my entire risk and threw me into a mental funk. Took a bit to climb out. One thing though I have isolated exactly what will spiral my mind down a vortex of indecision? Not just three goats, but making a dumb move , not closing the position then trying to trade fed up with myself

Have fun this weekend

Rufus
Attached Image
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,105
  • Jan 7, 2011 8:24pm Jan 7, 2011 8:24pm
I think this is a great example of big money using a news release to pick up their orders then go south. Then break a demand zone as well.

News scalper I'm not. But I will bet there were a few that picked up a lot of pips with this volitility.

I guess if I was home I would have bneen sticking with sell orders out of supply.


Rufus
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.7eudaily.jpg Size: 70 KB
Click to Enlarge Name: 1.7eu1h.jpg Size: 81 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,106
  • Jan 8, 2011 1:36am Jan 8, 2011 1:36am
Quoting Rufus
I think this is a great example of big money using a news release to pick up their orders then go south. Then break a demand zone as well.

News scalper I'm not. But I will bet there were a few that picked up a lot of pips with this volitility.

I guess if I was home I would have bneen sticking with sell orders out of supply.


Rufus
Rufus,,
i think, next week, EU will go to 1.27 with european agenda to sell bonds,,??

how about you,,?
only an analysis, and I'm always wrong, don't follow me,
  • #1,107
  • Jan 8, 2011 6:32am Jan 8, 2011 6:32am
I'd recommend it to be a contrarian indicator

Quoting Rufus
Maybe we should design a trading system and post here on FF. Call it "The Whoop Ass Pip Collection System" Our indicator can be the "Three Goat Formation" Thanks to Erikte we even have a name for the secret weapon.

Sunday night sounds great...What time?

I will have to grab the story of the three goats from another post.

.....It started with three goats.....This is not some sort of secret candlestick formation...Three literal goats.

"We have been goat sitting" for some friends and 2 minutes after I put on a position he came by...
Annoying Precision
  • #1,108
  • Jan 8, 2011 7:55am Jan 8, 2011 7:55am
Quoting Rufus
I think this is a great example of big money using a news release to pick up their orders then go south. Then break a demand zone as well.

News scalper I'm not. But I will bet there were a few that picked up a lot of pips with this volitility.

I guess if I was home I would have bneen sticking with sell orders out of supply.


Rufus
  • #1,109
  • Jan 8, 2011 10:08am Jan 8, 2011 10:08am
Quoting Rufus
I think this is a great example of big money using a news release to pick up their orders then go south. Then break a demand zone as well.

News scalper I'm not. But I will bet there were a few that picked up a lot of pips with this volitility.

I guess if I was home I would have bneen sticking with sell orders out of supply.


Rufus
Hi Rufus,

Since you made comments on my News ideas, I figured I would post here my test that I plan to perform.. Some in the cable thread seem to have taken an interest to the results.

TEST::
I am going to open a practice account and the only time I will trade it is for the news.

I will only go short, no matter what the charts say.

I will close right after the spike and not carry trade for any length of time. Lets say no more than a 5 or 15 minute candle (haven't decided yet).

I will keep record how many times it went with me, and against me.

I haven't worked out all the details yet on the exact specifications of my test but, since I don't want to be married to my computer waiting for the news events, I will have to draw the line in the sand somewhere.

For sure it will only be major news events. Not going to waste my time on a petty one that will only spike 5 pips. SO i.e. red ones on the ff calander.

But since I can't possibly catch all red news events I will at least try to catch the majors..SO..

USD and GBP news events only....

Fed Chairman Ben Dover Bernake speaks
NFP
Unemployment claims
MPC Rate Statement
Official Bank Rate
FOMC Statement
Federal Funds Rate
Advance GDP
Retail & Consumer confidence (possibly)

I may not even be able to catch all of these but I will revise this to work.

I need a programmer that can write me a robot to execute short trades 2 minutes before news and close after the 5 or 15 minutes...lol

It will be interesting to see if I can make money, if it's a 50% ratio of short spikes to long spikes, and what happens.

C.
  • #1,110
  • Jan 8, 2011 11:44pm Jan 8, 2011 11:44pm

IF


If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you
But make allowance for their doubting too,
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise:


If you can dream–and not make dreams your master,
If you can think–and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build ‘em up with worn-out tools:


If you can make one heap of all your winnings
And risk it all on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breath a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: “Hold on!”

If you can talk with crowds and keep your virtue,
Or walk with kings–nor lose the common touch,
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much,
If you can fill the unforgiving minute
With sixty seconds’ worth of distance run,
Yours is the Earth and everything that’s in it,
And–which is more–you’ll be a Man, my son!

–Rudyard Kipling
Attached Image
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,111
  • Jan 9, 2011 6:49pm Jan 9, 2011 6:49pm
Quoting Ctic
Hi Rufus,

Since you made comments on my News ideas, I figured I would post here my test that I plan to perform.. Some in the cable thread seem to have taken an interest to the results.

TEST::
I am going to open a practice account and the only time I will trade it is for the news.

I will only go short, no matter what the charts say.

I will close right after the spike and not carry trade for any length of time. Lets say no more than a 5 or 15 minute candle (haven't decided yet).

I will keep record how many times it went with me, and...
what it is not too dangerous,,?
why do not you just follow the market, instead of always short, ?
only an analysis, and I'm always wrong, don't follow me,
  • #1,112
  • Jan 9, 2011 7:29pm Jan 9, 2011 7:29pm
Quoting andelumut
what it is not too dangerous,,?
why do not you just follow the market, instead of always short, ?
Originally Posted by Ctic http://cdn.forexfactory.com/images/buttons/viewpost.gif
Hi Rufus,

Since you made comments on my News ideas, I figured I would post here my test that I plan to perform.. Some in the cable thread seem to have taken an interest to the results.

TEST::
I am going to open a practice account and the only time I will trade it is for the news.

I will only go short, no matter what the charts say.

I will close right after the spike and not carry trade for any length of time. Lets say no more than a 5 or 15 minute candle (haven't decided yet).

I will keep record how many times it went with me, and...


This is Citc idea to handle news. Experimental
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,113
  • Jan 9, 2011 9:35pm Jan 9, 2011 9:35pm
Quoting Rufus
Originally Posted by Ctic http://cdn.forexfactory.com/images/buttons/viewpost.gif
Hi Rufus,

Since you made comments on my News ideas, I figured I would post here my test that I plan to perform.. Some in the cable thread seem to have taken an interest to the results.

TEST::
I am going to open a practice account and the only time I will trade it is for the news.

[i][b]I will only go short, no matter what the...
Correct Rufus.

Andelumut...

I want to build up data to try to support my idea that the news is crap. Thus, if going long, short, long, short..etc.. would not be good test data since I have to use judgement and analysis. If I keep the trade direction constant, I will have good data to analyze. I want to prove that the spikes are random. THUS, I will build data as to how many pips I make/lose, how many times it spikes my favor vs. against me. I would be willing to bet it is like a coin flip (close to 50/50). Plus, like my post read...it will be in a practice account so it will not be dangerous.
  • #1,114
  • Jan 10, 2011 12:45am Jan 10, 2011 12:45am
USD index with gold overlay
Attached Image (click to enlarge)
Click to Enlarge Name: 1.9usd,gold.jpg Size: 164 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,115
  • Jan 10, 2011 2:50am Jan 10, 2011 2:50am
Quoting Ctic
Correct Rufus.

Andelumut...

I want to build up data to try to support my idea that the news is crap. Thus, if going long, short, long, short..etc.. would not be good test data since I have to use judgement and analysis. If I keep the trade direction constant, I will have good data to analyze. I want to prove that the spikes are random. THUS, I will build data as to how many pips I make/lose, how many times it spikes my favor vs. against me. I would be willing to bet it is like a coin flip (close to 50/50). Plus, like my post read...it will...
I'm sorry,,
I do not understand if you mean like that,,

Greetings
only an analysis, and I'm always wrong, don't follow me,
  • #1,116
  • Jan 10, 2011 7:26am Jan 10, 2011 7:26am
Quoting andelumut
I'm sorry,,
I do not understand if you mean like that,,

Greetings
That is all right.

Lets get some pips.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,117
  • Jan 10, 2011 8:54am Jan 10, 2011 8:54am
EU scalp.

good for 10 and 20 pip targets. Little still left

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 1.19euscalp.jpg Size: 69 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,118
  • Jan 10, 2011 9:00am Jan 10, 2011 9:00am
Got the same trade, really like the quick ones like that.

question for you. do you ever stack your trades on the lower time frames? For example, we had that little pause in that movement, do you ever consider placing another order after that?

Simple
A woman drove me to drink, and I forgot to thank her
  • #1,119
  • Jan 10, 2011 9:16am Jan 10, 2011 9:16am
I will stack if trading is not to choppy. I will usually wait for a pull back of two or more candles on a 5m chart. Then if it breaks the little trendline that the pull back makes, add to the order. I also usually don't do this unless the first order is at BE.

This trade had just over 20 pips before hitting "00" again so I went for it with my finger on the eject button.

I will be looking again with the Asian opening tonight. I would love to see some clear direction then.


Have a great day

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,120
  • Jan 10, 2011 7:54pm Jan 10, 2011 7:54pm
Quickest 40 pips I ever caught....

I don't know what caused the spike. But when that bugger hit 40 pips I was closing things down.



Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 1.10euscalp.jpg Size: 77 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
5 traders viewing now