Rufus

EU long

Stayed with the 1h trend. 50% fib retrace, small demand area. First target is gone. The next is around 4600 just below the 4h supply area. Stops at BE.

Spent the afternoon with some friends for the holiday weekend...Man can this guy cook. Super fantastic Filipino cuisine...Good beer and a pool table.


Rufus

Rufus,

Enjoy your holiday my friend!

Simple

I have been working way too much these past few weeks. I have taken a few positions here and there for a few pips but nothing exciting. Next week will more than likely be equally busy.

6 houses lined up to trim out for July and the first part of August. I am still watching charts and analyzing potential positions. After NFP I will start looking for potential pending orders.

My son gets moved out of the house and my wife decides it would be nice to host 2 Japanese students for a month. I don't think she is liking the empty nest. These will be the 6th and 7th students we have hosted, it's always been fun.

A little update...I am still here

Trade safe all


Rufus

I have not done much posting here lately.

Things are busy and I have not taken the time to do much writing here. I will start up again....

I missed two trades today one on the EU the other on UCHF. Stupid Internet cut out on me right when I started to enter the positions.

I am going to go to bed early tonight then see about catching the first couple of hours of the US session.

Here are a three of my most recent positions. All EU shorts and gathered some pips.

Looking at 14 pairs now but My guess is that 75% of the positions will be with the EU. Everything will be some form of supply and demand.

Also will be doing pending orders as much as possible. Two on right now. EU and UCHF. If they are not hit by Friday morning I will take them off.

This weekend I also hope to get this internet situation solved. I will probably get lines rerouted so I can have the dirrect hookup with my trading computer, let the wife use the wireless.

Trade safe all

Rufus

EU short..Profit taken at 2:1 reward : risk. Headed for bed. Get some sleep and hit it tomorrow.

What have we learned in 2,066 years?

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced,
the arrogance of officialdom should be tempered and controlled, and the assistance to
foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work,
instead of living on public assistance." Cicero - 55 BC

Evidently nothing...

Hahaha.

History repeats itself. Kind of like solid trading setups.

Yep.....I should have been trading last night while the arrogance of officialdom was at its finest. We are hosting two Japanese students for a month. My trading room was torn apart to get the bed out to properly set up the guest room for them. Hopefully get back to the charts tonight.

EU short

Took about 25 pips out of it before the "Lack" of news from US concerning a decision on the debt ceiling. That sent it screaming north with reckless abandon

I thought I would show how I look at the charts. 3 time frames each with zones laid out. Some of these I will set up a pending order. Others I will take a position with some kind of confirmation.

I use a forth chart with 15m/5m with S/D as well to help nail down an entry

The kink in the plan is all the news next week from debt ceiling to NFP. I am thinking quick strikes get the pips and get out. Who knows what pie hole will open next....Moodys, Feds, The House, Senate, Obama,

Maybe I should start a pool to see which or what moves the currencies the most next week. We need movement to make pips. I need a reaction at the S/D zones to collect.

13 more pairs to lay out

Rufus

Breakfast...nailed

Howdy

Hey Erik

Things are doing well. Have not posted much lately, but I think there will soon be more activity here in the Rufus thread.

Tomorrow I hope to saddle up Buddy for a bit. Then trade the Asian.

Rufus

UJ long...Stops at BE

Bring it on BOJ

Closed it at +30

Can you please have a losing day, just to make the rest of us normal folk feel better?

I might call it quits for the night.

I have an observation to be considered.

Yesterday was the BOJ intervention. The day before that, SNB. I had short positions on USDJPY then USDCHF. Closed both in profit before the crap hit the fan.

Now my observation. I noticed that right before the two central banks started to sell off their currencies PA was in the other direction moving my positions well into profit to hit my first targets.

Here is my theory.

If I were the one working for the BOJ wanting to weaken the currency. I would first start by buying it to suck in as many orders as possible. Traders are expecting trends to continue. As more and more orders are placed with the trend stops are above it...Lots of them. Now as the man in charge of the intervention shift gears and move things the other way and the numerous stops placed above causes a furry to the PA. So potentially I would be able to accomplish more with less money. Then if you combine this with a week or two of threatening that you are going to weaken the currency you will have loads of traders sitting ready to jump on the train when it leaves. This also will add to the violent nature of the move.

I dare say they know full well that stops are placed above supply levels. So technically all these guys would have to do is occasionally give the price a nudge to get through each supply zone and presto more violent PA as the stops are taken out.

Just some thoughts

Rufus

I get them...Most every time though it is me doing something stupid. The way I figure when I eliminate the stupid all I will have is the smart..I should decoupage that.

"Eliminate the stupid, keep the smart" Rufus

Put that with

"To be or not to be" William Shakespeare

or "Do or do not, there is no try" Yoda

Rufus the philosopher

Good stuff!