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  • #401
  • Feb 4, 2011 3:22am Feb 4, 2011 3:22am
Quoting 4xAddict
Nice to see the US catching a bid for once in its life

Killed my EU shorts @ 1.3630 just now as have to leave the screen. GU short still going but trailing SL 50 pips behind, Gold short looking ok. Only Crude is reversing on me but looks a buying opportunity above 88.50 - but that's just me.

Nice trade Triger!!

This is an article you guys might find interesting about China at the moment.

Shows the dramatic decline in Chinese Power output vs GDP.

And all this happened when their economy was boooooooming.......interesting!

Thanks Buddy

the paper was a good reading.

today will be fun to watch especially for the news release

Mark what is your bias for today action?

all the best!
  • #402
  • Feb 6, 2011 2:08pm Feb 6, 2011 2:08pm
Hi all,

This guy at Goldman is normally an interesting read and his charting is not bad.

GS are obviously notorious for telling their clients one thing and then raping them in the opposite direction however it's interesting to see how they look at things from time to time.

Hope you all had a great weekend.

4x.
Attached File(s)
File Type: pdf 48277079-Charts-That-Matter-2-3.pdf   1.5 MB | 749 downloads
  • #403
  • Feb 10, 2011 3:32am Feb 10, 2011 3:32am
Patience usually pays off if you know what to look for.
This is an example of rac's favorite with touch trade confluence.
Trade initiated by limit order set up some 36hrs ago.

Will it go lower? will it bounce back up? It matters not...
.
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  • #404
  • Feb 11, 2011 6:30am Feb 11, 2011 6:30am
Quoting raczekfx
Patience usually pays off if you know what to look for.
This is an example of rac's favorite with touch trade confluence.
Trade initiated by limit order set up some 36hrs ago.

Will it go lower? will it bounce back up? It matters not...
.
Hi Rac

Nice catch ... Could i ask You what was your initial SL here?
  • #405
  • Feb 11, 2011 6:54am Feb 11, 2011 6:54am
Quoting Greenhaze
Hi Rac

Nice catch ... Could i ask You what was your initial SL here?
It would've been 3780/90
  • #406
  • Feb 11, 2011 1:00pm Feb 11, 2011 1:00pm
Quoting raczekfx
It would've been 3780/90
Nice trade, certainly went off a cliff for you. I got short again myself at 1.3685 but got out at 1.36 as was going away for the weekend.

That just became more expensive

Arcs what are your thoughts on the AudUsd?

I am wondering if both AU and the EU aren't within 50 pips or so of another push higher. Interested in your thoughts as always.

Enjoy the weekend.

Regards

David.
  • #407
  • Feb 11, 2011 2:05pm Feb 11, 2011 2:05pm
Quoting 4xAddict
Nice trade, certainly went off a cliff for you. I got short again myself at 1.3685 but got out at 1.36 as was going away for the weekend.

That just became more expensive

.
That's what stops and VPS are for..
I didn't ride it all the way either.

Nice pin to end the week. Are we opening with a GAap??
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  • #408
  • Feb 11, 2011 2:13pm Feb 11, 2011 2:13pm
any one caught that weekly pin?
we're not only trading on 5min are we...?

Enjoy the weekend... or two.
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  • #409
  • Feb 18, 2011 12:51am Feb 18, 2011 12:51am
Quoting raczekfx
any one caught that weekly pin?
we're not only trading on 5min are we...?
....
no, but caught a few on cadjpy..
haha, trading M5 & gradually moving higher
  • #410
  • Feb 18, 2011 10:52am Feb 18, 2011 10:52am
Quoting supremeChaos
..
haha, trading M5 & gradually moving higher
...
.......
  • #411
  • Feb 21, 2011 11:38am Feb 21, 2011 11:38am
Quoting raczekfx
any one caught that weekly pin?
we're not only trading on 5min are we...?

Enjoy the weekend... or two.
I stopped long ago trading PA in conventional way, but if I were to trade it I would have been in from the bottom of the PB.

but caught this 2 beauty among others swing positions(long & short) that I'm currently managing across several pairs.

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  • #412
  • Feb 21, 2011 4:55pm Feb 21, 2011 4:55pm
Quoting triger88990
I stopped long ago trading PA in conventional way, but if I were to trade it I would have been in from the bottom of the PB.

but caught this 2 beauty among others swing positions(long & short) that I'm currently managing across several pairs.
Feels good, doesn't it?
Especially when you realize after several years of trading, that one good trade, you patiently waited for, is worth a couple of months of work of an average doctor or senior manager at 'Windowz-soft' in Redmond... lol

Keep it up my friend...

-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-
success often remains silent.
  • #413
  • Feb 21, 2011 7:45pm Feb 21, 2011 7:45pm
'Have a plan and trade your plan...' That's what they say.

Some will come and leave, unable to understand rules of the game.

Some will work very hard, lose their shirt and leave, cursing bad luck, Jews, and God knows who else for their 'bad luck'. These will never know how close they were... but unfortunately greed, bad risk management, 'market/news' whispers made them fail.

Yet others will work hard for years, fail, get up, fail again, get up, get kicked in the groin, get up, lose a shirt or two, get up. fail again, get up, take punches in the face.... get up..... Eventually they'll understand the rules of the game. How many times you fell, before you learned how to walk?

Where on your trading path are YOU?

Don't worry, if you don't know yet. I'm guilty for breaking my own rules as well. We're humans, make mistakes. That's ok. It doesn't matter how we start, it matters how we finish.

Never give up your dreams, no matter what they'll tell you.


p.s.

aud/usd.
Plan a) entry
.
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  • #414
  • Feb 21, 2011 7:47pm Feb 21, 2011 7:47pm
Quoting raczekfx
.......

aud/usd.
Plan a) entry
.
Plan b) continuation
.
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  • #415
  • Feb 21, 2011 7:48pm Feb 21, 2011 7:48pm
Plan c) ...?

You tell me....

Need to go for now. Market is moving fast...

Enjoy your week.
  • #416
  • Feb 22, 2011 1:38am Feb 22, 2011 1:38am
Quoting raczekfx

Yet others will work hard for years, fail, get up, fail again, get up, get kicked in the groin, get up, lose a shirt or two, get up. fail again, get up, take punches in the face.... get up..... Eventually they'll understand the rules of the game. How many times you fell, before you learned how to walk?

.
It's like reading my story, I don't even remember how much time I struggle before figuring out what I was doing wrong,just last year I was almost killed by my ignorance

I can say it loudly that yes I do have an edge over the market without being afraid of it, and yes I'm making money and I'm a full time trader



Quoting raczekfx
Plan c) ...?

You tell me....

Need to go for now. Market is moving fast...

Enjoy your week.
c) depends on your style and what you are aiming from it, only you know the right answer, but I see the potential that comes from it

all the best!
  • #417
  • Feb 22, 2011 7:58am Feb 22, 2011 7:58am
Quoting raczekfx
'Have a plan and trade your plan...' That's what they say....

Amen to that bro.
lowest draw down possible please.
  • #418
  • Feb 22, 2011 9:24am Feb 22, 2011 9:24am
Quoting raczekfx
Plan c) ...?

You tell me....

Need to go for now. Market is moving fast...

Enjoy your week.
Plan C is simply the exit plan, which is the end of one cycle and can be the the beginning of another one...
Just like life and death.

It was a very good night btw, worth missing some sleep at the least.
Now we can enjoy the week.
  • #419
  • Feb 22, 2011 9:28am Feb 22, 2011 9:28am
Quoting raczekfx
Plan C is simply the exit plan, ..
Ooops, forgot the chart.
Some folks are visual, just like me.
If you don't see it, it doesn't exist, right?

Wrooong..

Here you go:
.
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  • #420
  • Feb 22, 2011 9:39am Feb 22, 2011 9:39am
Quoting raczekfx
Ooops, forgot the chart.
Some folks are visual, just like me.
If you don't see it, it doesn't exist, right?

Wrooong..

Here you go:
.
Hey Racs,

Got into the GBPUSD earlier today based on your methods (or at least what I understand of them )

In on the hourly at 1.6135 and should also have been in around 1.6160 area but was a little conservative.

Anyway, up 60 pips! Cheers to you, I owe you a beer!
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