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Rufus

  • #1,421
  • Apr 3, 2011 7:03pm Apr 3, 2011 7:03pm
fine




Quoting Rufus
I will usually wait for it to close...95% of the time or so.


I will be posting some charts when I get an entry. Right now I am not seeing much I like.

So I am waiting.
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #1,422
  • Apr 3, 2011 7:08pm Apr 3, 2011 7:08pm
Well... I usually give the Asian session about 2 hours to give me something. If I don't get it I will walk away and wait till an hour before Frankfurt and start looking again till I get to tired to party any more.

Trade safe all..I am going to find some dinner.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,423
  • Apr 3, 2011 9:41pm Apr 3, 2011 9:41pm
Ready to do some work tonight Rufus?

I just woke up after a good 10 hours of sleep, reviewing charts a couple of hours before FO/LO. This timezone is something I could get used to!

Jealous?

I'll be on skype if you're around.
  • #1,424
  • Apr 3, 2011 9:52pm Apr 3, 2011 9:52pm
Quoting sam0182
Ready to do some work tonight Rufus?

I just woke up after a good 10 hours of sleep, reviewing charts a couple of hours before FO/LO. This timezone is something I could get used to!

Jealous?

I'll be on skype if you're around.
I am jealous

I don't have skype on my new trading computer. I will see if I can get it. My connection at the back of the house is terrible.

Take tons of pictures. If I make it your way mid May or so I would like to see them and hear all the details of your trip
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,425
  • Apr 4, 2011 12:19am Apr 4, 2011 12:19am
EU is approaching one of the demand areas. But I an getting tired.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,426
  • Apr 4, 2011 1:19am Apr 4, 2011 1:19am
Took an EU long with this engulfing candle on 5m chart. Closed it out for about a 10 pip loss. I don't know if I will be able to stay awake for another opportunity.

Should have been more patient possibly and waited for a better retracement.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,427
  • Apr 4, 2011 1:39am Apr 4, 2011 1:39am
Quoting Rufus
Took an EU long with this engulfing candle on 5m chart. Closed it out for about a 10 pip loss. I don't know if I will be able to stay awake for another opportunity.

Should have been more patient possibly and waited for a better retracement.
I am going to have to go to bed. Continuing with a remodle in the morning.

Now I have to ask myself would I do this entry again. The thing I did not like was that price did not retrace far. How ever at the time of my entry the pound was making a move north. My engulfing candle also engulfed the 6 previous candles and broke my 15m trendline. Then it also occured with the early part of the London session. So I would say that I would do the same entry again. So two thumbs up for me. Still might head out.

Have a good night/day (especially you Sam, enjoying the sunshine and normal hours) .

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,428
  • Apr 5, 2011 8:08pm Apr 5, 2011 8:08pm
Last night caught a little EU short for about 25 pips before the rest got stopped out at BE.

No trading for me tonight. I am way to tired and need to spend time with my wife.

I think my work will be caught up again soon and I will be able to get in some more trading time. Something that I have learned about myself with balancing work and trading. With work I jump in and get the job going and done... time is money. With trading I have to reverse my thinking and be patient for the set-up...Money is time... I have a feeling that a number of traders have run into the same scenario and have had to figure out the balance. You can't just jump on to a position that only "Looks Good" to get something rolling. You still need the best set-ups even if you don't take a position that evening.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,429
  • Apr 6, 2011 5:44pm Apr 6, 2011 5:44pm
EU gart
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,430
  • Apr 6, 2011 7:08pm Apr 6, 2011 7:08pm
test
  • #1,431
  • Apr 7, 2011 8:14pm Apr 7, 2011 8:14pm
Just finished reading "Trading in The Zone" ...again. This was my third time. The book binding broke this time through.

Anyway.

My goal was to get it read by this weekend. Then for the next two days do some fine tuning on what it is I do. Also figure out with a little better detail how I will trade when my work load gets excessive.

As it sits now I will be doing three types of trades. When I get things finalized and start implimenting them I will lay them out here in FF.

I am expecting some time off In a week. Wife will even be in Florida so party time with the Forex at Rufus' house.

Tonight it is paperwork and relaxing.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,432
  • Apr 10, 2011 7:01pm Apr 10, 2011 7:01pm
Little EU long. Closed it out at just under 10 pips. Did not like the lack of movement. I will wait for FF and London.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,433
  • Apr 11, 2011 6:05pm Apr 11, 2011 6:05pm
GU Short. Target 1 off.

This was an interesting position for me. Normally I would be looking at a long in this situation. Demand levels under price. But the USD has been flexing its muscles today and the demand level had been hit quite a bit. The EU moved far more but I had to make a choice as both were signaling at the same time. To me the EU was showing less weakness then the GU so I took the GU. It will be interesting to see how London handles this.

Stops are set to BE. Now I let it cook for a while.

Trade safe all.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,434
  • Apr 11, 2011 6:39pm Apr 11, 2011 6:39pm
Quoting Rufus
GU Short. Target 1 off.

This was an interesting position for me. Normally I would be looking at a long in this situation. Demand levels under price. But the USD has been flexing its muscles today and the demand level had been hit quite a bit. The EU moved far more but I had to make a choice as both were signaling at the same time. To me the EU was showing less weakness then the GU so I took the GU. It will be interesting to see how London handles this.

Stops are set to BE. Now I let it cook for a while.

Trade safe all.

Rufus
Cooking has been affective. One target left about 30 pips south.

I have been up messing with my horse Buddy. My Forex therapy.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,435
  • Apr 11, 2011 7:09pm Apr 11, 2011 7:09pm
Quoting Rufus
Cooking has been affective. One target left about 30 pips south.

I have been up messing with my horse Buddy. My Forex therapy.

I have changed how I am going to handle this position. I moved my target way south. This is a small piece of the overall position. Here is my thinking

1. Triple top
2 The demand areas had been hammered on a bit.
3. The dollar is showing a little strength

So for a target I went down to the next demand area which also corresponds with 61.8 fib for one retracement and 50% for the other.
London may drive this thing down so maybe I can be a part of it.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,436
  • Apr 11, 2011 7:49pm Apr 11, 2011 7:49pm
This may be problem. My heart sure goes out the people in Japan.

My family has hosted 6 different kids from there as foreign exchange students. Two of them from Sendai.

http://www.bloomberg.com/news/2011-0...radiation.html
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,437
  • Apr 12, 2011 7:18pm Apr 12, 2011 7:18pm
Forex Buddy.

I spent two hours today hanging with Buddy. Missed my entry on the Euro. But that's just fine. When I work with The big boy it just puts me into a fantastic state of mind. To me it is one of the most relaxing things there is.

By the way Buddy is a Spotted Draft. Which is a Paint, Percheron cross. Stands almost 16.5 hands tall.

I might go for the London session tonight. Right now my sinuses are packed so I might go for an early night.

Trade safe all

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,438
  • Apr 14, 2011 7:36am Apr 14, 2011 7:36am
There has not been any trading for me these past few days. I am just starting to feel better. Massive head cold with burning eyes that get worse if I watch the monitor.

Taken a quick 40 (so far) before work.

Trade safe all.

By the way I have figured out some more Fibonacci as it relates to construction. I will post it here latter with a picture of a mantle. It is some neat stuff. Just call me a 245 lb geek.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,439
  • Apr 14, 2011 1:26pm Apr 14, 2011 1:26pm
This is for you Fibonacci Geeks

I have built thousands of mantles now. I just know what looks good. But I also knew that the proportions I used had to be tied in with Fibonacci ratios. Well I finally figured it out. Two Golden Rectangles side by side.

I have no idea why I never thought of using two rectangles. My head was stuck in one. Just goes to show that you need to think outside the box once in a while. In this case two boxes.

Rufus :nerd:
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,440
  • Apr 14, 2011 1:34pm Apr 14, 2011 1:34pm
Middle of the afternoon here. I am home alone and waiting for the Asian market to open.

I am going to make Bacon eggs and hash browns for lunch.



I must be bored. Paperwork when I finish
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
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