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Rufus

  • #1,681
  • Sep 9, 2011 8:21pm Sep 9, 2011 8:21pm
I have been waaaaay to busy these past few weeks. Working 7 days a week right now. As a result there has been very little trading for me. Too tired at night and leaving early in the morning.

Anyway...This upcoming 2 weeks are going to be just as busy. So I will be planning out pending orders. So many of the zones I had laid out this past week would have been profitable if I had only taken the time to put in the orders. I was just feeling unprepared for Forex trading and as my trading rules are set up No "off the cuff" trades. Everything is thought through and planned out. That is what the plan is for the next few days.

I am hesitant to post my pending orders, as I don't want to "feel" responsible for someone else's loss if things go against the position. So I will just post them as they get hit (At least when I get back to the computer)

Picked up a Barnes and Noble "Nook" this past week and have been reading up a storm. It is amazing how much reading you can get accomplished when it is kept handy. Going through some pdf's right now. The next project on it will either be "Extraordinary Popular Delusions and The Madness of Crowds" or "The Crowd".

My focus is still trading psychology. More appropriately my psychology as an individual trader as opposed to the psychology of a group or mob. It has been very enlightening to understand just how easily influenced a mind can be by the casual suggestions of the environment around you, whether it be friends, radio, TV, what you read etc. I have come to a conclusion that for me the least amount of worldly nonsense information that runs through my head the better. I understand why Jessie Livermore was pretty much a loner and did not like trading advice from anyone. Shoot, I did not even listen to President Obama speak.

Just some random thoughts.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,682
  • Sep 9, 2011 9:56pm Sep 9, 2011 9:56pm
Hey Rufus!,

You may want to inspect this website of free psychology based resources, I cannot give recommendations as I'm just beginning to read through the articles. http://www.mind-trek.com/reports/tl03.htm Description below.



Just Some of the Benefits of a Mind-Trek:

  1. You'll stretch the bounds of your mind with a vastly enhanced perception of yourself and the world around you (You might ask: why is this important? Well, your thoughts and actions are largely an effect of your perception of reality. By improving your perception of things, events, etc., you improve the quality of your thoughts, which result in better or more appropriate actions -- all of which can drastically improve the results you produce.);
  2. awaken a higher state of consciousness in yourself -- the benefits of which are incomprehensible until you've experienced such increases;
  3. improve and expand your abilities, creativity, happiness, wealth, etc.;
  4. become more positive, productive, successful, etc.;
  5. eliminate any problems you may have in your life;
  6. find out who you are and what you really want to do with your life (if you're not certain already);
  7. expose your imagination to a whole new world of possibilities (If you ever think in terms of having few or no options, you disempower yourself. A lot of the information provided here describes many powerful new options which most people seem to be unaware of - or at least don't know how to apply in practice.);
  8. unlike a Star Trek, cross-country trek, or other type of trek... you carry out your Mind Trek in your own mind, whenever you like, wherever you may be;
  9. you'll surprise and amaze yourself with what you can really do!



"Among the innumerable mortifications
which waylay human arrogance
on every side may well be
reckoned our ignorance
of the most common objects
and effects, a defect of which we
become more sensible by every
attempt to supply it.
Vulgar and inactive minds
confound familiarity with knowledge
and conceive themselves informed
of the whole nature of things
when they are shown their form
or told their use; but the speculatist (lol),
who is not content with superficial views,
harasses himself with fruitless curiosity,
and still, as he inquires more,
perceives only that he knows less."
- Samuel Johnson



Quoting Rufus
I have been waaaaay to busy these past few weeks. Working 7 days a week right now. As a result there has been very little trading for me. Too tired at night and leaving early in the morning.

Anyway...This upcoming 2 weeks are going to be just as busy. So I will be planning out pending orders. So many of the zones I had laid out this past week would have been profitable if I had only taken the time to put in the orders. I was just feeling unprepared for Forex trading and as my trading rules are set up No "off the cuff" trades. Everything is thought...
Annoying Precision
  • #1,683
  • Sep 10, 2011 1:43pm Sep 10, 2011 1:43pm
Quoting Rufus
I have been waaaaay to busy these past few weeks. Working 7 days a week right now. As a result there has been very little trading for me. Too tired at night and leaving early in the morning.

Anyway...This upcoming 2 weeks are going to be just as busy. So I will be planning out pending orders. So many of the zones I had laid out this past week would have been profitable if I had only taken the time to put in the orders. I was just feeling unprepared for Forex trading and as my trading rules are set up No "off the cuff" trades. Everything is...
I agree 100% , the shift from just being a happy go lucky person or a mad at that world dude,is just a mental shift. The same from being a professional trader or a worried scared novice.

The power of our own minds for most of use is something we rarely if ever consider. yet it is what defines who and what we will become. As adults if we have kids our soul responsibility should be to teach this to our kids.

To achieve health, happiness and wealth requires nothing more than a shift in thought patterns . Not a herculean effort of moving the world just a constant thought process and attitude that we can and will do what we dream.

Then as Rufus can as a master cabinet maker, see the end result before starting all that is left is filling in the middle part, the doing and doing correctly.

For most of us traders that is the stumbling point we see many workable ideas or strategies yet doing it ourselves seems impossible. The key is to let go of the stuff holding us back the doubt the fear and just see the results and fill in the middle. the trading is a tool that has instructions that all we have to do is follow.

Great to see you have loads of work ,

Wish you all well , Ken
Good Trading To All ; Ken Lee
  • #1,684
  • Sep 10, 2011 5:57pm Sep 10, 2011 5:57pm
Quoting erikte279
Hey Rufus!,

You may want to inspect this website of free psychology based resources, I cannot give recommendations as I'm just beginning to read through the articles. http://www.mind-trek.com/reports/tl03.htm Description below.

Hi Ericte

I will be looking at it.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,685
  • Sep 10, 2011 6:10pm Sep 10, 2011 6:10pm
Quoting Kenneth Lee
I agree 100% , the shift from just being a happy go lucky person or a mad at that world dude,is just a mental shift. The same from being a professional trader or a worried scared novice.

The power of our own minds for most of use is something we rarely if ever consider. yet it is what defines who and what we will become. As adults if we have kids our soul responsibility should be to teach this to our kids.

To achieve health, happiness and wealth requires nothing more than a shift in thought patterns . Not a herculean effort of moving the world...
Hi Ken.

Thanks for the input....I like the comparison of "Filling in the middle" . You are right, I do this every day with my work. I can have a complex stair system built in my mind with all its intricate details then spend the next number of days building it. Or in one case 1 1/2 months. Our trading plan is the process to fill in the middle.

I am looking forward to the pdf you are working on. I am sure it will be a valuable piece of information for those willing to put the time in on studying it. That is one thing I really like about my "Nook". I can read pdf's on it.

The photo is part of the 1 1/2 months work. One of the good qualities of being dyslexic, of which I am, is being able to picture something like this in my mind and start building with no drawing. It turned out perfect.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,686
  • Sep 11, 2011 4:51pm Sep 11, 2011 4:51pm
Looks impressive John, great work.

And good luck on the seven day work week...get it while it's hot!
  • #1,687
  • Sep 11, 2011 7:44pm Sep 11, 2011 7:44pm
[quote=erikte279;4943744]Hey Rufus!,

You may want to inspect this website of free psychology based resources, I cannot give recommendations as I'm just beginning to read through the articles. http://www.mind-trek.com/reports/tl03.htm Description below.

Great read,

It's is exactly this type of thinking that got me in so much trouble in school and church in my younger years.

Now my thought is that since I'm having my first child how do I get her to think like this but still not be considered a trouble maker?

Hope all is well and enjoyed the weekend.

Rufus, I feel your pain. I can't believe I have to spend more time paying the bills instead of trading, it sucks.

Simple
A woman drove me to drink, and I forgot to thank her
  • #1,688
  • Sep 11, 2011 9:55pm Sep 11, 2011 9:55pm
[quote=simpleguy;4945720]
Quoting erikte279
Hey Rufus!,

You may want to inspect this website of free psychology based resources, I cannot give recommendations as I'm just beginning to read through the articles. http://www.mind-trek.com/reports/tl03.htm Description below.

Great read,

It's is exactly this type of thinking that got me in so much trouble in school and church in my younger years.

Now my thought is that since I'm having my first child how do I get her to think like this but still not be considered a trouble maker?

Hope all is well...

Hi Simple

I have been looking at that web site.

Here is a book to be released looks like January of next year I am thinking about ordering...."Market Mind Games" by Denise Shull...Looks to be a possible good one.

As for your daughter....Let her break the conformity mold. Having raised two it is easier said then done. I read somewhere that education systems are designed to make employees and soldiers. I think back over my years of going to school and I see why this may be true. Where my son was going to school, military recruiters were there sometimes three times in a week. If you tested poorly you were labeled. The list goes on. All these things just irritated me. But God forbid you speak against the the system then you become labeled. Don't get me wrong I support the military, I don't anybody wasting time though with endless words and at times outright lies.

Say no to conformity. Orrrrr


Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,689
  • Sep 13, 2011 8:47pm Sep 13, 2011 8:47pm
Inserted Video
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,690
  • Sep 14, 2011 6:50pm Sep 14, 2011 6:50pm
Not much to share about pending positions so far this week. But i will say, I have spent very little time watching the charts. Just setting orders and letting them hit.

Right now there is a long and short pending order sitting out there on the EU. I suspect the short will hit first.

Earlier this week had an EA short that hit my stop... The two charts are the pending and the results.

As you can see. Price screamed through
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,691
  • Sep 14, 2011 6:55pm Sep 14, 2011 6:55pm
EG pending moved about 40 pips in my favor then stopped out at BE.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,692
  • Sep 14, 2011 7:02pm Sep 14, 2011 7:02pm
Right now there is an EJ short running with just a few pips on it. Entry was hit while at work. We will soon see how this one fares
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,693
  • Sep 14, 2011 7:14pm Sep 14, 2011 7:14pm
So that is about it so far. I have had a few little ones also set with pendings. But all in all things are flat for for the week.

I still have a massive load of work to do. We finished up two houses today and spoke to two people about 3 more. I am really liking the pending order aspect of things. This has been teaching a lot about myself. Like how much can I risk and still sleep at night? Can I let a position run without closing it out way to early? These last few weeks have taught me a lot about being at ease with myself while orders and positions are out there.

Trade safe all

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,694
  • Sep 14, 2011 7:21pm Sep 14, 2011 7:21pm
By the way the EJ short above came within 2 pips of hitting my entry earlier today and subsequently dropped 91 pips. Maybe get a repeat performance with my position on it. :nerd:
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,695
  • Sep 15, 2011 8:27am Sep 15, 2011 8:27am
I am really getting tired of the crap the banks are pulling. As far as I am concerned they are no better then the politicians when it comes to solving a problem. "Lets put our fingers in the pot and stir it around a bit"

I did not lose anything with this one, just took a EU pending short I had running in the money out at BE.

Bet you a dollar price goes rright back to where it was.

The're just so busy kissing each others ass they can't see


Just ranting
Attached Images
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,696
  • Sep 15, 2011 7:46pm Sep 15, 2011 7:46pm
It is looking like I may need to temporarily think through my pending order routine.

I prefer 1:3 Risk reward. My first target has been at 1:2 this week. Of 5 pending orders placed 1 hit my initial stop loss. 3 went to 40 pips+ (Just under my 1:2 ratio) then reversed to my BE stop. One hit my 1:2 before reversing to my stop.

So what to do? Right now I am considering 1:1 on the first half of the position. Stops then go to BE. Then go for 1:4 minimum on the rest. But trail it with a manual stop (When I am home) 5 - 7 pips away from pivot highs/lows.

With C banks playing with things, governments going belly up, and for the next 3 months what kind of movement are we going to see?

Who is John Galt?
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,697
  • Sep 29, 2011 10:50pm Sep 29, 2011 10:50pm
EU short

will post more latter...been very busy
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,698
  • Sep 30, 2011 12:57am Sep 30, 2011 12:57am
I have been extremely busy for September. October is looking to be even busier. Hired back an employee laid off 6 months ago. Every day I am getting calls concerning more work. Then on top of all that my back is sore.

As for trading...I have had 5 pending orders sitting out there all week. EG, UJ, GU, EJ. EU. none have been hit. Will probably leave them set over the weekend. I have been picking off a few pips here and there as my schedule allowed. Maybe with the added help will get in a little more trading time..

Time for some scotch, reading and bed.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,699
  • Sep 30, 2011 2:07am Sep 30, 2011 2:07am
Quoting Rufus
I have been extremely busy for September. October is looking to be even busier..... Every day I am getting calls concerning more work. Then on top of all that my back is sore.
Wow. Same here. Drinking a nice tall red, and even have tomorrow off (AM, not PM) to do some scheduling and billing.

Two trades for me in 2 months.

Funny, but with my account size, actual work pays much better.
  • #1,700
  • Oct 12, 2011 7:40pm Oct 12, 2011 7:40pm
It has been a while since I have posted anything here. So here is an update of sorts.

I am still trading but with pending orders mostly. GU short running right now,order triggered sometime this morning. Right now it is laying an egg at about 50 pips profit 2:1. I may just close it down.

Work has been extremely busy for me. Just lined up 150 houses to trim out starting in about 6-8 months. Along with the continual onslaught of other projects. May need to hire another to keep up.

Now some food for thought concerning the Forex market....I decided to take the "Pressure to Perform" off me. It has proved to be an eye opener. Now my main focus is to run my business and trim houses efficiently. Then to just trade well with the time I have left in the day. If I am too tired I simply don't trade or just read.

I have also been nursing a sore back. Stepped of the deck two weeks ago and missed the steps. So this also has taken a toll on my trading time. Hurts to sit or stand too long. Just about back to normal.

So back to the food for Forex thought. Basically I have lightened up on myself and the result has been great. Trading with a lot more ease and the profits have been better.

Thats about it for now.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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