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raczekfx chart thread

  • #1
  • First Post: Edited May 14, 2015 9:22am Oct 26, 2010 9:12am | Edited May 14, 2015 9:22am
This thread contains some charts and my thoughts posted from time to time.

I have many commitments, hence I won't be here every day, but will gladly post every now and then.

And for the record: I'm no guru, I makes mistakes, have drawdowns, but I keep marching forward. I do have an edge, look closely at some of my charts, It's all there!!!
No, I don't read news commentaries (except for entertainment purpose). If you have traded long enough, you should already know that it's a waste of time. BIG money knows (you don't have to believe me) long before things happen..

Most of my trading revolves around S/Rs and confluence area, but I'm no stranger to taking 'touch' trades. Following rarely works in the long run(unless you follow the rules), this is why you should take bits and pieces and find what works for you best. The rest will be history.

... Special thanks goes to Jim H aka james16 for showing me the importance of support and resistance. If you spend some time on this concept, you shall realize that everything else is within your reach.

Trading is a serious business and there is no mercy if you make mistakes. Please trade with caution and have a trading plan... Always!

Cheers,
Rac
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  • #2
  • Oct 26, 2010 9:13am Oct 26, 2010 9:13am
daily pin, good location..
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  • #3
  • Oct 26, 2010 9:15am Oct 26, 2010 9:15am
Quoting raczekfx
daily pin, good location..
If you zoom out to weekly, you'll see how good..
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  • #4
  • Oct 26, 2010 9:16am Oct 26, 2010 9:16am
daily pin
price have hit target or support if you will(lower support zone), bounce back expected.
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  • #5
  • Oct 26, 2010 2:44pm Oct 26, 2010 2:44pm
I am vouching for this one.

Looking froward for more Master.
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  • #6
  • Oct 26, 2010 7:07pm Oct 26, 2010 7:07pm
2 day pin
End of misery for Japan?
What Igarashi had in mind when he said yesterday that 'yen sales most effective when 'surprise'?
Every one knows that yen has approached 15 year high yesterday, so if intervention occurred around 80 no one would really be surprised, unless....
Unless they sold such amount and kept on supporting this action further so that no one would think to short U/J for another 15 years
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  • #7
  • Oct 27, 2010 12:56am Oct 27, 2010 12:56am
Quoting raczekfx
I decided to start this thread to post my charts from time to time.

Why here, in a separate thread?

The answer is simple. Some of your favorite 'news caster' (lets skip his name) complained to Twee about my comments and our beloved Twee decided to take my posting privileges away.

One of the reason is that since I opened (few months ago) and post on racscave.com, I'm a 'commercial' member and the only way to post on FF is to do it on my own thread. I can't even comment on news anymore.......
Great to see you, comrade.

Looking forwarding to your charts and I plan to post some of my own as well .. .


Glad you're still here Rac-man,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #8
  • Oct 27, 2010 1:05am Oct 27, 2010 1:05am
The 1.4100 on the Eur/Cad looks juicy.
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Click to Enlarge Name: eurcad.jpg Size: 89 KB
Click to Enlarge Name: eurcad44.jpg Size: 100 KB
Indicators show the past. Price Action "Indicates" the future.
  • #9
  • Oct 27, 2010 1:15am Oct 27, 2010 1:15am
Wow!

Will be your guest Rac...

thnx for the thread.

g.
I believe . . .
  • #10
  • Oct 27, 2010 1:40am Oct 27, 2010 1:40am
Quoting raczekfx
2 day pin
End of misery for Japan?..
same bullish view on uj.
i think there's potential for price to re-visit 94/95, 101.00 areas next year.

maybe having your own thread means u'll be here more & for much longer.haha
awesome thread.
  • #11
  • Oct 27, 2010 2:21am Oct 27, 2010 2:21am
Quoting raczekfx
2 day pin
End of misery for Japan?
What Igarashi had in mind when he said yesterday that 'yen sales most effective when 'surprise'?
Every one knows that yen has approached 15 year high yesterday, so if intervention occurred around 80 no one would really be surprised, unless....
Unless they sold such amount and kept on supporting this action further so that no one would think to short U/J for another 15 years
I missed the 2day pin until saw your post thanks!

Here was an entry to get into the daily PA at a good discount - BUOB off support...FTA reached ... a confirmed break above and heding to 83.00+ ...?
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Click to Enlarge Name: uj.gif Size: 14 KB
  • #12
  • Oct 27, 2010 11:57am Oct 27, 2010 11:57am
Quoting jarroo
Great to see you, comrade.

Looking forwarding to your charts and I plan to post some of my own as well .. .


Glad you're still here Rac-man,

Jim
Thank you ALL, comrades.... We'll see where we go with this..

Skip the news. It's a waste of your valuable time.
Those... initiated know what I'm talking about..
  • #13
  • Oct 27, 2010 11:59am Oct 27, 2010 11:59am
Quoting supremeChaos
same bullish view on uj.
i think there's potential for price to re-visit 94/95, 101.00 areas next year.

.
88-92
  • #14
  • Oct 27, 2010 12:02pm Oct 27, 2010 12:02pm
Quoting jarroo
The 1.4100 on the Eur/Cad looks juicy.
I was hoping for 1.46 first..
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  • #15
  • Oct 27, 2010 12:04pm Oct 27, 2010 12:04pm
Quoting raczekfx
daily pin, good location..
And look at this... where we slowed down and why...
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  • #16
  • Oct 27, 2010 1:57pm Oct 27, 2010 1:57pm
2 long entries for pocket change..

1st based on something not discussed here.
2nd on the break of 1hr pin.
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  • #17
  • Oct 27, 2010 2:56pm Oct 27, 2010 2:56pm
great to see you around Sir.

will be following with interest.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #18
  • Oct 27, 2010 3:13pm Oct 27, 2010 3:13pm
Quoting coscorp
great to see you around Sir.

will be following with interest.
Thank you Sir.

We'll see how long they'll allow this thread to prosper.
FF changed, changed a lot in the last 5 years. ... and I won't say for better..

Missing Merlin...
  • #19
  • Oct 27, 2010 3:15pm Oct 27, 2010 3:15pm
Quoting raczekfx
2 long entries for pocket change..

1st based on something not discussed here.
2nd on the break of 1hr pin.
.
Few hours later and some 100pips combined.

.. and what's most important stops are at BE.

Perhaps time to book some profit and ... siesta time
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  • #20
  • Oct 27, 2010 3:23pm Oct 27, 2010 3:23pm
hey rack,

i always thought your charts were the coolest on FF. Especially those entries off the tip of the pin.
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