Rufus

Better post something so you all don't think I up and quit. Took most off, final target at about 140 pips

And that's why your the man Rufus!

Happy Fathers Day to all the dads out there balancing life with trading work and family. Have a super day.

Attachment

Nailed the POS

I realized a few days ago that a pending GU short was missing on my trading terminal......I found it . Good for 160 pips.

"Success can be built upon repeated failures when the failures aren't taken personally; likewise, failure can be built on repeated successes when the successes are taken personally."
incredible line from my recent reading. Trade well all

Still kicking away

That worked well

I had quite a lengthy and interesting discussion today with a couple of traders concerning the Quasimodo on the EURJPY today.

I can't even venture a guess how many thousands of dollars were trapped on both sides of the market. Sure it is easy to say that I will enter on the right shoulder and go long. But you don't know that the right shoulder will develop during the heat of the battle. I will bet there were traders that were long and short 4 or 5 times on this single formation with each getting stopped out. The highest point on the shoulder to the lowest point on the head is about 84 pips. There were some excited traders out there who thought they caught the big one only to have it slammed to the dirt. Quasi's are a masterful way of clearing out retail traders to fill the big boys orders. Through it all we need to remain calm or just shut down your trade terminal if frustration will lead to revenge trading. Frustration and loss of funds is often the end result of trading through a Quassi.

Maybe with the screen shots I have posted here will help prepare some of us the next time one comes along and we not get caught with our pants down. The profit potential in seeing one form and being able to protect your capital is the objective.

I have seen some Quasimodos have a diamond formation for the head. If you look at the 5m chart this one had a mini quasi for the head. nailing 1m traders. Market makers did a masterful job on this one.

Then when you look at these things with Fibonacci it looks almost like they figured it mathematically. I guess sometimes this cowboy gets to be a bit of a geek.

Now for the charts.

Enjoy. A master of deception revealed

Keep up the great content either here or elsewhere Rufus, we're watching even if we don't comment much.

Thank you.

Sometimes it does feel like you are typing to just air. Responses are always encouraging.

Yes your insights are greatly appreciated .......... Cheers Ken

Enjoy the ride

Breakfast

60 pips for breakfast



Had a GU long going as well. But PA was not looking promising so closed it out

Nice catch Rufus, I saw that one but only way after the fact.

Hi Rufus,


Nice one. You took the short after the rejection from the flag limit I reckon?

I waited for engulfs, too bad I missed the bus by 0.4pip. LOL.

I was about ready to give up on the day. Actually got into the position a whisker later then I would have liked...Thank you

Took 80 pips out of this 230 pip move. One of the few times I did not leave a little something on for a runner

Hi Rufus, congrats on the great trade!

Do you mind sharing why you took a short there? Was it a touch trade based on a H1 supply zone, or did you wait for some form of PA confirmation before taking the trade?