raczekfx chart thread

True that. Real Fx experience is one of the most expensive educations that you can get.

I would have blown through a Harvard MBA in losses easily over the almost 8 years I've been trading but if you can keep enough left to use once your've learned the lesson there will always be better opportunities.

Trading is just one of those things that you cannot trade screen time for anything else. That's why 95% fail or whatever the crazy statistic is, I'd suggest that more than half of the 95% actually give up than completely blow up.

The more time we're at it the more time more people fall off the train and then in 5-10 years time all of a sudden just by being still in the game you're one of the "successful traders". Stick at it another 5-10 years and if you're still in the game you've really made it.

I think the 95% see this as an easy way to get rich fast and then spend the next 5 years poorly spending (rapper style) what should have supported them through their retirement.

Stick at it, Supreme is spot on. Your charts are clear and make sense, probably just a psychological bump....we all have them. This time of year everyone has been at this for a long time and those who haven't made their targets routinely place extra stress on themselves to make some quick gains into year end. Everyone feels it and often just closing out your positions and coming back after Christmas is the best remedy. Believe me, you're always glad you did when you come back!!

Good luck and enjoy the festive season!

To make u feel better Trig,

I dint have a wining month since April-2010. Have blown a couple of real accounts and i cant even remember how many Demo's.


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ouch...feel sorry about that, I know the feelings so well, you know that you have to fight a lot of expensive enemies within yourself.

all the best!

will I become an asshole if I would say that I knew price will go below last swing point on the daily near 1.500.

But I exited the trade because I'm too f...g stupid, it says that it takes a man a long time to learn all the leassons of all his mistakes. But how long is a long time?

adding more aiming to swing a bigger position

PS:on fiber still keeping my positions although on my second 2 positions I was in a little drawdown,overall I was still positive

Rac-man Classic . .

I'll wait for the daily to close before making any decision, althought it looks very promising,how she close can change everything.

all the best!

0.86 or 0.87 ?

thoughts on this rac? .99 level, 50% and trendline

edit:not looking real promising; maybe 61% and .9850...looks like a little more support in that area

that euro monthly big ass beob seems to be interesting, next yr definately shld spell some doom (who knows) ,atleast 1.185 for starters.......retraced about 50fib already, lets see if she breaks
oh well, higher tf rules .......

Wait . . what ??? No Kaboom??

That was the first sign that something was up. Price had no kaboom on its mind . .at least not as Support. Its still a very strong level but as Resistance.

Very true triger . .

Great technical setup...but something told me me to pass on that and sit on my hands. I did and opted for this one today instead

GU

After daily bearish bar, price hit support around 1.55.
What do we do now?
Wait for price to retrace to 56/57 and reload shorts, or play along following PA accordingly. If PA on smaller TF is confirmed on higher TF, that's great, if not, we move on..

and many times that's the case..

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two more.

Closing the screen and off for a bath.
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Rac,

I'm trying to understand how you trade and why you get into some positions.

Can I ask what your rationale was for this trade.. Was it the BRN - previous support - IB's.

...then the PA confirmation followed.

That was a nice quick 'scalp' ...though with EU breaking out above 1.33 it was odds on this would reverse at FTA