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Rufus

  • #1,161
  • Jan 22, 2011 10:56pm Jan 22, 2011 10:56pm
I need one of these for my work

Inserted Video
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,162
  • Jan 23, 2011 6:20am Jan 23, 2011 6:20am
Quoting Rufus
Hi Andelumut

Here is my daily chart showing my expectations. It is a challenge for me to always remain flexible in my expectations. There is a lot that can happen inside a daily candle. So rigid in our rules but stay flexible in the expectations is the ticket to pip collection.

Have a great weekend.

Rufus
thank you for the explanation Rufus,,
This is very helpful,
hopefully next week to trade better,
only an analysis, and I'm always wrong, don't follow me,
  • #1,163
  • Jan 23, 2011 6:50am Jan 23, 2011 6:50am
Quoting Rufus
I need one of these for my work

http://www.youtube.com/watch?v=bIjEDu2x4uc
would that be the gorilla gripper or the hottie, I could see applications for both on the job site.

Ok so first time poster long time follower of your journal its good to see your doing well, you seem to have the right attitude and approach to be successful at this endeavor keep it up.
  • #1,164
  • Jan 23, 2011 10:29am Jan 23, 2011 10:29am
Quoting endroute
would that be the gorilla gripper or the hottie, I could see applications for both on the job site.

Ok so first time poster long time follower of your journal its good to see your doing well, you seem to have the right attitude and approach to be successful at this endeavor keep it up.

I did not see the gorilla gripper...I will have to watch it again..

Thank you so much for the compliment. It does a lot for a guy.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,165
  • Jan 23, 2011 10:56am Jan 23, 2011 10:56am
I am going to open a can of worms here...

"Everyone" has been talking about the falling dollar and rising gold...What about the other way around?

I will be posting a few things I have been looking over. It appears to be an interesting thing that may be developing.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,166
  • Jan 23, 2011 11:05am Jan 23, 2011 11:05am
The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies.
It is a weighted geometric mean of the dollar's value compared only with

  1. Euro (EUR), 57.6% weight
  2. Pound sterling (GBP), 11.9% weight
  3. Canadian dollar (CAD), 9.1% weight
  4. Swedish krona (SEK), 4.2% weight and
  5. Swiss franc (CHF) 3.6% weight.
  6. Japanese Yen (JPY) 13.6% weight.

As you can see the Euro is by far the heaviest weighted currency. A few posts back I showed my daily EU chart where price is running into a supply area. Nimbleness of thought is required here. I personally don't like trading tops or bottoms of trends. So if the supply area holds I may be looking for quicker profits until the direction gets resolved.

Rufus

Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,167
  • Jan 23, 2011 11:15am Jan 23, 2011 11:15am
USD index
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,168
  • Jan 23, 2011 11:19am Jan 23, 2011 11:19am
Wednesday is the FOMC statement. For the most part US economic news has been better than expected. So we will have to see what they say and how things start moving.

See you all with the Asian open.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,169
  • Jan 23, 2011 12:54pm Jan 23, 2011 12:54pm
Rufus,

I'd be looking for a DX bounce a little farther down, at the trendline. Though I've been wrong aplenty.

http://i1084.photobucket.com/albums/...01-23_1050.png
  • #1,170
  • Jan 23, 2011 3:25pm Jan 23, 2011 3:25pm
Quoting Low
Rufus,

I'd be looking for a DX bounce a little farther down, at the trendline. Though I've been wrong aplenty.

http://i1084.photobucket.com/albums/...01-23_1050.png

The Weekly EU shows the same spot as the usdx....Flexibility is the key
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,171
  • Jan 23, 2011 4:27pm Jan 23, 2011 4:27pm
I think that the DX not-making-lower-lows or EU not making higher highs tells a different story than the QE-success-story enthusiasts would have us believe.
  • #1,172
  • Jan 23, 2011 7:15pm Jan 23, 2011 7:15pm
Tried an EU long. Closed it out at -10 pips. Price action stunk. Wait for a new entry.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,173
  • Jan 23, 2011 7:36pm Jan 23, 2011 7:36pm
New Long first trarget off



Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,174
  • Jan 23, 2011 7:47pm Jan 23, 2011 7:47pm
Quoting Rufus
New Long first trarget off



Rufus

Closed it out PA still sucketh.. About BE
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,175
  • Jan 23, 2011 8:19pm Jan 23, 2011 8:19pm
EU long #3

First Target off.. Looks like this one may stick.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,176
  • Jan 23, 2011 8:23pm Jan 23, 2011 8:23pm
Quoting Rufus
EU long #3

First Target off.. Looks like this one may stick.
2nd target off. My last target will be just under 1.3750....We will see if this sticks.

If it can break that little double top I think we will be in business.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,177
  • Jan 23, 2011 8:30pm Jan 23, 2011 8:30pm
My reasoning
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,178
  • Jan 23, 2011 9:08pm Jan 23, 2011 9:08pm
Quoting Rufus
2nd target off. My last target will be just under 1.3750....We will see if this sticks.

If it can break that little double top I think we will be in business.

Rufus

Price failed to break the double top. Now we have a triple. Price then fell to my stop at BE. I think I will be waiting till just before FF for my next position.

Came out a little ahead for Asia. I will have to see what London has up her sleave.

Trade safe all

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,179
  • Jan 23, 2011 9:11pm Jan 23, 2011 9:11pm
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,180
  • Jan 23, 2011 10:18pm Jan 23, 2011 10:18pm
Took same trade Rufus for 16 pips. Although had a larger stop.
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