Rufus

Will be passing through Seattle mid-June, will drop you a line buddy.

Sounds good.

End of August my daughter returns from the Middle East. So I will be headed through your neck of the woods around then. We will have to meet for another beer and burger at that pub.

Sure thing, I should be back on the East side in August as well...we'll be in touch.

The Mayonnaise Jar and Two Cups of Coffee

When things in your lives seem almost too much to handle, when 24 hours in a day are not enough, remember the mayonnaise jar and the 2 cups of coffee.

A professor stood before his philosophy class and had some items in front of him. When the class began, he wordlessly picked up a very large and empty mayonnaise jar and proceeded to fill it with golf ball...s. He then asked the students if the jar was full. They agreed that it was.

The professor then picked up a box of pebbles and poured them into the jar. He shook the jar lightly. The pebbles rolled into the open areas between the golf balls. He then asked the students again if the jar was full. They agreed it was.

The professor next picked up a box of sand and poured it into the jar. Of course, the sand filled up everything else. He asked once more if the jar was full. The students responded with an unanimous "yes."

The professor then produced two cups of coffee from under the table and poured the entire contents into the jar effectively filling the empty space between the sand. The students laughed.

"Now," said the professor as the laughter subsided, "I want you to recognize that this jar represents your life. The golf balls are the important things--your family, your children, your health, your friends and your favorite passions--and if everything else was lost and only they remained, your life would still be full.

The pebbles are the other things that matter like your job, your house and your car.

The sand is everything else--the small stuff. "If you put the sand into the jar first," he continued, "there is no room for the pebbles or the golf balls. The same goes for life. If you spend all your time and energy on the small stuff you will never have room for the things that are important to you.

"Pay attention to the things that are critical to your happiness. Play with your children. Take time to get medical checkups. Take your spouse out to dinner. Play another 18. There will always be time to clean the house and fix the disposal. Take care of the golf balls first--the things that really matter. Set your priorities. The rest is just sand."

One of the students raised her hand and inquired what the coffee represented. The professor smiled. "I'm glad you asked.

It just goes to show you that no matter how full your life may seem, there's always room for a couple of cups of coffee with a friend."

Thank's rufus for those wise words!

When I started trading you helped me on my way, I would like to thank you for that. Your fib ratio's are still in my notebook! Trading is more than making money. It's a way of life and I love it!

Can you tell something more about the exact criteria for a supply or demand level?

Greetings from Holland!

Are these the demand zones for the euro?

#1784

Hi Rufius
I wish you success & happiness and a longevity.
God bless you!
Good Luck!
FXcube

Most are.

Once they are penetrated the S/D is used up. Sam Seidon on Fx street has some webinars on this topic.

http://www.fxstreet.com/search/contr...1-e9bf77216d2f

Feel free to ask me any questions here.

Take care

Rufus

Thank you

Same to you as well

How I like to trade the news.

Nice short from supply this morning.

Can you show us where this supply zone is coming from?

Picture paints a thousand words. Or in this case a few hundred pips

For those who care. I love a good horse race

Could this be a good supply zone?

Are these demand and supply trade's the only ones you take or are you also using a other system?

Hi Fxmist

Gaps can be a good supply/demand. I like them best when upon filling the gap and reversing that it starts moving with the overall trend. Keep in mind that one of the odds enhancers is how it arrives back to the zone. Today to me is kind of a crap shoot. There might be a ton of sell orders sitting there but we have no way of telling. Sometimes with positions like this I will reduce the risk or wait and see what happens then enter, or just skip it. I don't know what to think about this one. Here it is almost the opening of the Asian session and for the last 9 hours price has stayed in a 20 pip range with my position stuck in there. More on that with the next post.

Price opened up on Sunday in what I had set as a demand zone, sliced through and hit my stop.

Part two of above.

Another demand zone was just below with pending order set.





Right now profit is sitting at about 3R. If my target would finally get hit, (Looks like a boring day for forex) profit will be around 4R. Price came within 3 pips of my target while I was out working on some projects.


So the point of all this. I have learned to accept the risk and keep it small. Then be able to stick to the plan and see good results. Not let the mob of traders dictate to me what I should be doing.

Just because you get a position that fails does not mean you are a poor trader. What matters is how you handle the fail/risk and jump on the next step in your trading plan.

Some stuff

From my personal trade journal.

I missed a beautiful setup on the AU. Had an open EU position and became fixated on it when it came within 4 pips of my target and reversed. As a result completely missed the AU short.

The lesson…..Never become fixated on a chart for any reason. Tunnel vision is the only result.

Took 30 pips from here. Looks like somebody from the Ausie camp opened their mouth to get things moving