Rufus

Little from my "Other Job"...Be a great trading room

AU short

Howdy traders

Here is an interesting trade pattern I traded a little over a week ago but did not have the time to post. Wasn't sure how to describe it all so will do it with the screen shots.....Enjoy.

I have come to the conclusion that the market makers and banks are going to use anything to their advantage to try to knock out our orders to fill theirs. It is simply our job to see the tricks and trade accordingly.

Have a super weekend

Rufus

Hi Rufus..

I have known you from other threads..studied Kens and rockys threads..how is it going with your trading ? When do you have plans to trade full time?

Do you pay attention to the volume when price approaches demand and supply zones ? Do you use VSA when you plan your setups ?

Trade well and i like your art works that you manufacture with wood.

Hi Trappist

Thanks for stopping by.

Trading has been going well. As for trading full time...I am not sure when this will be. I have a lot of other obligations to take care of. Those out of the way then will be the time to consider that. Now my trading is what I can fit in the middle of a lot of other schedules. Right now it is taxes in the US.

I do not consider volume as a direct relation. More indirect like as to when in a session a zone is formed or hit. So no VSA either. I have never taken the time to look into this aspect of things.

Sorry this has taken so long to reply. Been very busy getting the corporate tax things done. Now it is on to the personal taxes.

Both good for 50+

UJ short. Target hit while sleeping...Always nice

Nice trading.

Well I just got in some very good reflective time with my therapist Buddy. A 1500lb, 680.38kg draft cross horse. The steady hoof beat as we went down the trail on a beautiful 70 degree day with a full view of the Olympic mountains still covered with snow. My saddle creaking with each move in harmony with the symphony of the woods still in my ears as I type this. Birds chirping to the spring time air, frogs letting everyone know where they are. Squirrels racing one another up and down trees, or shouting complaints as I passed by. My dog chasing whatever needs chasing. A great way to spend an afternoon to get your head on straight before the markets begin.

Anything we can do to keep our minds from entertaining turmoil. To me the key to a happy, selfless life. Keeping things simple. I don't ride like you see in horse shows like you see on TV. Like you have a stick in your ass. Just learn to be one with the horse and move as he moves. Kind of like our goal with understanding the markets PA. To be one with the market and move when it moves.

So enjoy the week ahead. Roll with the punches, but exploit every market imbalance.

Rufus

Sounds like a wonderful afternoon , yes I have strayed from my morning bike rides around the island , using my work hours as a excuse. but just need to find that time again. Best meditation there is , Out being one with the natural world enjoying the sky and the sea.

Cheers Mate ..

First chunk off

Threads seem awfully quiet...So here is one for a few

Just finished reading "The Black Swan" by Nassim Taleb

I have read a lot of books (1000's). This one is in the top 5. I will be reading it again with more detail. But this will be after I read "Fooled By Randomness" by the same author.

Anyway VERY thought provoking. This has made me rethink so many "industry" and "Life" standards that are now bunk. Somehow I would like to start posting here as I see its application to trading. The problem is being able to express the thought process it would take another book. We will see.

I am curious about the two books and have also bought them. Thank you for the hint!
Rufus, but what is your number one book?

I really don't know if I have a number one trading book. But the 5 that I will read over again. Again no particular order.

Reminiscence Of A Stock Operator
Trading In The Zone
The Black Swan
Fooled By Randomness
Trading For A Living ( The first half especially)
What I Learned And Lost Trading The Chicago Futures Markets

Ok that was six there are more. By the way If any of you out there have some good ones to share let me know. I am always looking for things to read.

Atlas Shrugged. Lets make it seven.

I was really happy you asked me that question..Forexmist... It made me think a long way back. Third grade, Miss Hill, who I had a crush on. She read to the class the single most influential book for me and my life at that time. "Shane" This is a western. I hung on every word she read and looked forward to it with a lot of anticipation every day. You see I spent just about my entire grade school years going to "Special" reading classes. In those days there was little known about Dyslexia which I have. So reading had been a chore. "Shane" gave to me the desire to read. It also gave me a topic. Little by little I started to learn how to deal with dyslexia and read. By the time I left High School I had read every Louis L'amour novel he wrote. In the 100's I believe.

Weird for a most influential book. By the way all you parents out there. If you have a child with Dyslexia read to them...a lot. My son also inherited this from me. That is how we helped him with that as well. Anyway. I could go on for the length of a book just about dyslexia, but we wont.

Thanks again for the thought provoking question. It made me realize a turning point in my life that I am very thankful for.

Rufus

Great way to start the week before going to work. I have some additional thoughts on the PA that happened about 10 minutes after this shot was taken. If there is time will post them.

Games the bankers like to play.

I believe that the drop after the flag cap was manufactured and urged along by the big money who either knew or had a very good idea what the news release was going to be. To me a great example of why we play on the side of the big boys. I caught the drop down for about 40 pips. Had left for work when the banks got ahold of it with their orders waiting for the shoe to drop. Call me crazy if you like. Crazy like a fox