Attachments: raczekfx chart thread

raczekfx chart thread

#241
Dec 17, 2010 7:31am Dec 17, 2010 7:31am

jarroo
Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts

Quoting jarroo

Disliked

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.

Ignored

Quoting raczekfx

Disliked

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..

Ignored

There's the kaboom we were looking for. . .

.

These levels work in reverse at times . .if you've been paying attention . .

The 1.55 looks very reachable.

Thanks Rac .

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Indicators show the past. Price Action "Indicates" the future.

#242
Dec 17, 2010 7:40am Dec 17, 2010 7:40am

aserbfx
Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts

Quoting jarroo

Disliked

There's the kaboom we were looking for. . . .

These levels work in reverse at times . .if you've been paying attention . .

The 1.55 looks very reachable.

Thanks Rac .

Ignored

hi jarroo.
question: are your fibs drawn correct? i guess you count them to the confluence of the ppz.
but for measuring the retracement of the pull, don't we have to take the latest down move? drawn here by the brown lines.
and not the retracement of the yellow marked upmove...
thanks

meine augen sind die sterne

#243
Dec 17, 2010 7:45am Dec 17, 2010 7:45am

jarroo
Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts

Quoting aserbfx

Disliked

hi jarroo.
question: are your fibs drawn correct?
for measuring the retracement of the pull, don't we have to take the latest down move? drawn here by the brown lines.
and not the retracement of the yellow marked upmove...
thanks

Ignored

Hey aserb.

You"ll have to go to this post below and see the chart. It show the strength of the 1.5650 level. Usually it would be strong Support 9 out of 9 times . .lol . .but price had was moving pretty strong down so the level reversed as strong Resistance.

Hope I made sense.

Quoting jarroo

Disliked

Rac-man Classic . .

Ignored

Indicators show the past. Price Action "Indicates" the future.

#244
Dec 17, 2010 9:38am Dec 17, 2010 9:38am

xmzhang
| Joined Jul 2010 | Status: keeping it simple is complex enough | 989 Posts

I didn't trade this one

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Pipcrawler

#245
Dec 17, 2010 9:54am Dec 17, 2010 9:54am

xmzhang
| Joined Jul 2010 | Status: keeping it simple is complex enough | 989 Posts

But I'am still in this one

first 1H-PB then 4H-PB and then daily PB ...... like a russian nesting doll but then reversed

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#246
Dec 17, 2010 9:55am Dec 17, 2010 9:55am

nasir.khan
Joined Apr 2009 | Status: Trader | 2,891 Posts

Quoting lovejoy80

Disliked

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

Ignored

Damn!!!

I went out and as u could figure was stopped out on EG and on GU by just a pip
but eu was not triggered so when it came back it hit my order short..... although the trade was invalidated.

i also had a signal to buy Uchf too... but was in a hurry.

should have stayed home near charts instead of going out and playing video games with my nephews.

#247
Dec 17, 2010 11:14am Dec 17, 2010 11:14am

supremeChaos
Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts

Quoting nasir.khan

Disliked

Damn!!!
....
should have stayed home near charts instead of going out and playing video games with my nephews.
.

Ignored

hihihih..

what a coincidence..
i went out all day too... left some eurusd trades open.
2 positions had trail stops hit first before hitting quick targets(1.3340/50) & a loss(wide stop)

nice price movement today, & i didnt get to participate

#248
Dec 17, 2010 11:42am Dec 17, 2010 11:42am

raczekfx
| Commercial User | Joined Oct 2005 | 2,899 Posts

Quoting bigandrich

Disliked

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

Ignored

I'm not touching aussie at the moment. Waited for it to test 1.0150-1.02, but it never got that high.

#249
Dec 17, 2010 11:44am Dec 17, 2010 11:44am

raczekfx
| Commercial User | Joined Oct 2005 | 2,899 Posts

Quoting stewrigh

Disliked

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.

Ignored

It was based on the method I use on 50% of my trades.

#250
Dec 17, 2010 11:45am Dec 17, 2010 11:45am

raczekfx
| Commercial User | Joined Oct 2005 | 2,899 Posts

Quoting jarroo

Disliked

There's the kaboom we were looking for. . . .

These levels work in reverse at times . .if you've been paying attention . .

The 1.55 looks very reachable.

Thanks Rac .

Ignored

Christmas trading at its best.... up 200 down 200.

#251
Dec 17, 2010 11:51am Dec 17, 2010 11:51am

raczekfx
| Commercial User | Joined Oct 2005 | 2,899 Posts

This is the winning trade I screwed up. Well.. closed at BE +5 only.
Long on retrace of Buovb, up 110pips a day later. Price hit resistance at 1.35 while I slept, followed by 1hr pin. Break of that pin should be signal to exit all...

.

Man's got a sleep sometimes.. Perhaps I'll start a partnership fund to trade/watch our accounts 24h/day.
Each partner would have to be in a different time zone...

.
Never mind, just thinking out loud...

Enjoy the weekend.
rac

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#252
Dec 17, 2010 1:00pm Dec 17, 2010 1:00pm

KissFan
Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts

Quoting stewrigh

Disliked

Thanks man Now I understand why you lost your posting privileges.

Ignored

Not speaking for Rac but if you head back in time on J16 you should get a very good idea of how this evolved. More to it than can be explained in one post. Happy Holidays.

K.I.S.S.

#253
Dec 17, 2010 2:53pm Dec 17, 2010 2:53pm

raczekfx
| Commercial User | Joined Oct 2005 | 2,899 Posts

Quoting stewrigh

Disliked

Thanks man .

Ignored

Now, that's not very nice of you.
If you took time to read my posts on j16 chart thread, you wouldn't have to ask questions that were answered over and over again. 80% of my trading is contained in those posts, but who cares, right....?

Laziness, don't pay my friend.

#254
Dec 20, 2010 9:47am Dec 20, 2010 9:47am

triger88990
Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts

Hey Mark are we going to see only this type of action till the end of the year? where are those big market swings that christams brings (the rhyme's crack me up

)

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#255
Dec 20, 2010 10:04am Dec 20, 2010 10:04am

supremeChaos
Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts

Quoting triger88990

Disliked

...where are those big market swings that christmas brings (the rhyme's crack me up)
...

Ignored

eurusd is alright-y to hit one point thirty

let's see.

#256
Dec 20, 2010 10:31am Dec 20, 2010 10:31am

triger88990
Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts

Quoting supremeChaos

Disliked

eurusd is alright-y to hit one point thirty
let's see.

Ignored

Befor that it may be possible to see a reaction at .3078, but it already react to .3097. There is another day tomorrow to resolve that.

all the best!

#257
Dec 21, 2010 3:59am Dec 21, 2010 3:59am