Rufus

By the way. Traded from my phone the other day. I don't normally do this, but getting more and more comfortable with it. Took the retest of the supply after orders were cleared. Closed it down at 70 pips. A great way to have morning coffee.

Hi all

I am finally getting back to trading regularly.

It has been a rough year in most respects and am looking forward to a fresh 2016. Part of my year was three road trips over 3000 miles each to see my family. All this driving was through the northern part of the country so no big cities to contend with. Just enjoyable time with my pup and the open road.

I will be posting more here, I miss it to tell you the truth.

Lately my trading has been "Trading Small" not trying to catch the big runs, just 20 or 30 pips here and there. Risk Reward is tight but if most trades are winners the math works out fine. It has been doing that.

Still dealing with limited trading times with my day job going full bore. So catch the pips where I can.

A little breakfast this morning on the pound.

Rufus and my little buddy.

About as close to a selfie as I get.

5000 sqft little shack we have been working on.

Starting an upgrade plan for my trading desk....

Trader porn here

http://www.sciencedump.com/content/s...-32-metronomes



Something that has interested me.

How can schools of fish move in harmony at exact moments. Or flocks of birds. Now you have metronomes.

Gustav Le Bon's book. Madness of crowds covers some topics that show people doing the same. Crowds/ money moves markets, here we are all sitting at computers yet we function as crowds. Yet the crowds are usually wrong. At some point in the move the profitable trader steps away from the crowd and simply becomes amused at the insanity, then looks for the next place the crowd will jump on board.

My thoughts today while sipping on some Monkey Shoulder...neat.

I'm staying away from the markets for a spell. Sometime after the first of the year my presence will be felt. So here are some wise words for to ponder.



Advice from An Old Farmer

Your fences need to be horse-high, pig-tight and bull-strong.
Keep skunks and bankers at a distance.
Life is simpler when you plow around the stump....
A bumble bee is considerably faster than a John Deere tractor.
Words that soak into your ears are whispered… not yelled.
Meanness don’t jes’ happen overnight.
Forgive your enemies; it messes up their heads.
Do not corner something that you know is meaner than you.
It don’t take a very big person to carry a grudge.
You cannot unsay a cruel word.
Every path has a few puddles.
When you wallow with pigs, expect to get dirty.
The best sermons are lived, not preached.
Most of the stuff people worry about ain’t never gonna happen anyway.
Don’t judge folks by their relatives.
Remember that silence is sometimes the best answer.
Live a good, honorable life… Then when you get older and think back, you’ll enjoy it a second time.
Don ‘t interfere with somethin’ that ain’t bothering you none.
Timing has a lot to do with the outcome of a Rain dance.
If you find yourself in a hole, the first thing to do is stop diggin’.
Sometimes you get, and sometimes you get got.
The biggest troublemaker you’ll probably ever have to deal with, watches you from the mirror every mornin’.
Always drink upstream from the herd.
Good judgment comes from experience, and a lotta that comes from bad judgment.
Lettin’ the cat outta the bag is a whole lot easier than puttin’ it back in.
If you get to thinkin’ you’re a person of some influence, try orderin’ somebody else’s dog around..
Live simply. Love generously. Care deeply. Speak kindly. Leave the rest to God.
Don’t pick a fight with an old man. If he is too old to fight, he’ll just kill you.
Most times, it just gets down to common sense.

Moving to pending orders for a while. Taking care of a ton of work and other details.

I am finally starting to understand what it means "Trading becomes effortless".

I have been at this game for a lot of years now. Usually profitable. When I first started it was an emotional and mental rollercoaster. Massive swings in more directions then I could count. You try to find the answers all over Forex Factory or from other traders you may be in contact with, to no avail. The answers to those types of questions are not found on a website or from other traders. They are only found by looking in the mirror. Some reading this may recall a trader that used to post here by the name of Red. One of his favorite sayings was something like "It takes heart to be a trader". I am finally understanding the depth of that statement. You usually don't just sit down to a computer one day and decide "I am going to be a trader" and succeed. Maybe there is an exception or two out there but I doubt it..

So what does it mean "It takes heart to be a trader".

I think the answer to that is different for every trader and if you are like me; that wasn't enough of an answer. So lets try this.

1. I had to clean all indicators, lines, oscillators, wiz bangs, and doohickeys off the chart. In the wrong hands they are garbage.

2. Next all communication about charts and trading with other traders came to an end.

3. Looked at tons of charts and price action on those naked charts.

4. Started an in depth study of me. Why I did what I did. Who taught me to think this way. I am still studying me.

5. Picked one way of trading that suits my personality and studied it.

6. Logged 1000's of smaller and live trades.

7. Journal, journal, journal.

8. Read a lot of books on traders not on trading.

9. Read a lot of books on how our mind works.

10. Through all this keep trading. To me trading was the "Lab" where I put to use what has been worked on.

I never cared for demo. Used it simply to learn the platform and some trading basics. For me the problem was not so much finding a trading system. I found numerous and was profitable with them. The problem was between my ears, being systematic with all entries and exits....consistency.

After all that relentlessly persistent of excellence. Not perfection. In trading wins verses losses is not indicative of perfection. Perfection is in following your plan. The perfection and artistic beauty in trading is not your winning percentage. It is in your thought through and subsequently followed trading plan.

I recently met an awesome trader that has a 48% winning percentage. Less then half of his trades are winners. Would you be happy with that......?

His risk reward ratio is 1:4 or more. Nothing closes at break even. Very profitable. His key is his trading plan.

It has been a while since I wrote here. A lot has changed in my life these last few years. Some good, some bad. But through it all the goal was to rise out of it better.

Well time to wrap this up. Scotch waiting.

Rufus

Since I am a pending order trader right now.

Thoughts

BOJ wants to weaken Yen. So they will be playing war games by manipulation, announcements, rumors, and any other trick central banks may have up their sleeve.

I will be limiting my self to no more then 2 yen positions open at any one time. A long and a short.

The last BOJ move last week only took out one of my positions for a 1% loss. The beauty of trading with a plan.

Rufus

I have also added a few non Yen pairs to my watch list. Need to keep trading options open and only trade good setups.

Rufus

I am keeping track of how far trades move past my set up. This one was set for a 3:1 profit target. Moved to 5:1

Good morning

Bear at the market.....

Started incorporating my short term trading today. I have about two hours available to trade this way each morning.

Morning near me.

Have a good weekend all.

Rufus

Beautiful!
Reminds me of my 12 years in the mountains of Colorado.
Happy weekend.

Rufus, love the picture of your horses. I had to make it my screen shot. This picture represents calmness and peace. Can't ask for anything better when I start my trading day, Thanks, Rocky.

It has been on mine as well.

Have a good week

Wow! Majestic!

Thanks for sharing, inspiring !!!