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raczekfx chart thread

  • #421
  • Feb 22, 2011 9:08am Feb 22, 2011 9:08am
Quoting 4xAddict
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!
Will I earn 2 beers if cable goes to 1.5529?
  • #422
  • Edited 10:28am Feb 22, 2011 9:34am | Edited 10:28am
Quoting raczekfx
Will I earn 2 beers if cable goes to 1.5529?
Well, lucky I cashed out +55 pips when I heard Gaddafi was about to be talking otherwise that credit would have disappeared however yes you would definitely get 2 beers if that happens. Maybe a couple of shots also.

Are you watching the 1hr chart to see that extended GBP target or a longer timeframe?

Cheers.
  • #423
  • Feb 22, 2011 9:50am Feb 22, 2011 9:50am
Quoting raczekfx
'Have a plan and trade your plan...' That's what they say....
That was a heart touching post Rac (one of those inspirational ones we used get at J16 some time ago).

Btw i am currently finding my shirt and its cold here.
.
  • #424
  • Feb 22, 2011 10:37am Feb 22, 2011 10:37am
Quoting raczekfx
Will I earn 2 beers if cable goes to 1.5529?

uhh... I'm a contrarian here,my tape reading and my analysis are favorizing a continuation higher and everything is shaping out in my favor if interest rate hikes, this will be the catalyst

http://www.bloomberg.com/news/2011-0...-increase.html

.5529 is way too far, for the current environment
.5900-5800 is as low as I can see it can go

but everything can change, if price shpaes as if it want go lower I can make a flip flap in my view.

I see 1.7000 and higher, only time will tell

all the best!
  • #425
  • Feb 22, 2011 10:55am Feb 22, 2011 10:55am
Hi all,

What are your thoughts on the AUDJPY on the hourly chart for a reversal between 83.35-83.60?

Weekly pivot support 3 sits at 82.46

Cheers,
4x.
  • #426
  • Feb 22, 2011 10:55am Feb 22, 2011 10:55am
Quoting 4xAddict

Are you watching the 1hr chart to see that extended GBP target or a longer timeframe?

Cheers.
No...., weekly.
  • #427
  • Feb 22, 2011 10:56am Feb 22, 2011 10:56am
Quoting nasir.khan
That was a heart touching post Rac (one of those inspirational ones we used get at J16 some time ago).

.
.... Yes, a dejavu...
  • #428
  • Feb 22, 2011 10:57am Feb 22, 2011 10:57am
Quoting triger88990

I see 1.7000 and higher, only time will tell

all the best!
Everyone has their own trading plan..., I hope.

Good luck..
  • #429
  • Feb 22, 2011 11:08am Feb 22, 2011 11:08am
Quoting 4xAddict
Hi all,

What are your thoughts on the AUDJPY on the hourly chart for a reversal between 83.35-83.60?

Weekly pivot support 3 sits at 82.46

Cheers,
4x.
Haven't traded that for months. It used to be an excellent carry trade cross, but I'd be careful now. Just think what will happen to JPY and $ when Sh%t hits the ceiling, I mean, once 'smart' investors realize that rally in equities has no solid reasons. Where would yen be then, where dollar ends up?
That's off course long terms (4-6 months maybe more), but It's coming, regardless what lies uncle ben throws at you (remember ben's testimony when oil was circling $150?). Until then just watch your chart, and situation in the middle east.

p.s.
I feel ashamed of the human race. It's 21st century, yet some are really behaving like their mind never evolved since medieval times. Why religions rules our behaviour, why are we being fed lies and being brainwashed by cnn, fox and others. Why can't we all live in peace???

Back to cave.

  • #430
  • Feb 22, 2011 11:19am Feb 22, 2011 11:19am
Quoting raczekfx
Haven't traded that for months. It used to be an excellent carry trade cross, but I'd be careful now. Just think what will happen to JPY and $ when Sh%t hits the ceiling, I mean, once 'smart' investors realize that rally in equities has no solid reasons. Where would yen be then, where dollar ends up?
That's off course long terms (4-6 months maybe more), but It's coming, regardless what lies uncle ben throws at you (remember ben's testimony when oil was circling $150?). Until then just watch your chart, and situation in the middle east.

p.s.
I...
It is scary indeed.

There are arguments for the correction happening before May to allow time for Bernanke to justify QE3 as current economic numbers and inflation outlook are too high to justify further easing.
  • #431
  • Feb 22, 2011 7:28pm Feb 22, 2011 7:28pm
Quoting raczekfx
Ooops, forgot the chart.
Some folks are visual, just like me...
.
hahah

Quoting raczekfx
Haven't traded that for months. It used to be an excellent carry trade cross, but I'd be careful now. Just think what will happen to JPY and $ when Sh%t hits the ceiling, I mean, once 'smart' investors realize that rally in equities has no solid reasons...
p.s.
I feel ashamed of the human race...
a few months ago, i persuaded my relative to exit a local investment vehicle (UITF), based on what i saw was coming to the US/world stock market.
guess what. the equities kept on moving up doesnt make sense. their trying to squeeze out every drop from investors.

you're showing your more benevolent side., that's really great.
  • #432
  • Feb 24, 2011 8:21am Feb 24, 2011 8:21am
quiet trading actually is good for the mind, body & soul
no wonder rac is always running to his cave....
cheers
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Simplicity is the key to success
  • #433
  • Feb 24, 2011 9:25am Feb 24, 2011 9:25am
Quoting squeezy
quiet trading actually is good for the mind, body & soul
no wonder rac is always running to his cave....
cheers
It is good indeed. I cant talk and trade at the same time, yet....

have a plan, trade your plan...

cheers,

p.s.
i like it quiet when I trade..Can we go lower today?
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  • #434
  • Feb 25, 2011 7:33am Feb 25, 2011 7:33am
Quoting raczekfx
...Can we go lower today?
Of course we can . Two down (hit tps), one more remaining ..(chart moved to make the light bulb go off )

I'm contemplating of closing this thread. It gets boring after a while..

Enjoy your weekend!

rac
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  • #435
  • Feb 25, 2011 8:13am Feb 25, 2011 8:13am
Quoting raczekfx
.......
I'm contemplating of closing this thread. It gets boring after a while..

Enjoy your weekend!

rac

hey Mark,

why to close it, from where such a thought ?

I have to admit that I no longer enjoy posting much on any forum, after a time there is no more motivation in doing it outside your cave. You just begin to feel more comfortable in your cave and as you may noticed is far more productive.

There is so much hostility that any effort are no longer paying in going further up.

wish you have a great weekend
  • #436
  • Feb 25, 2011 3:59pm Feb 25, 2011 3:59pm
Quoting triger88990
hey Mark,

why to close it, from where such a thought ?

I have to admit that I no longer enjoy posting much on any forum, after a time there is no more motivation in doing it outside your cave. You just begin to feel more comfortable in your cave and as you may noticed is far more productive.

There is so much hostility that any effort are no longer paying in going further up.

wish you have a great weekend
That would be a pity Racs, your thoughts are much appreciated and the fact you only post when you have something to say rather than for the sake of posting sets you apart from 99.9% of the other threads.

Enjoy the weekend,

D.
  • #437
  • Feb 25, 2011 11:51pm Feb 25, 2011 11:51pm
Quoting raczekfx
Of course we can ..
haha, no worries, Mark.. the light bulb has been "auto on" for some time now, thanks
i'd be if u mega-lurk (arent u already ultra-lurking), but i'd respect, support & understand your decision (u've been doing this for a long while now)..

regardless, keep in touch!

Quoting triger88990
...
There is so much hostility that any effort are no longer paying in going further up....
yeah, too much

have a great weekend all!
  • #438
  • Feb 28, 2011 6:54am Feb 28, 2011 6:54am
Quoting triger88990
uhh... I'm a contrarian here,my tape reading and my analysis are favorizing a continuation higher and everything is shaping out in my favor if interest rate hikes, this will be the catalyst

http://www.bloomberg.com/news/2011-0...-increase.html

--------

I see 1.7000 and higher, only time will tell

all the best!


bought GBP also on crosses
+ made a killing in fiber and gold

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  • #439
  • Feb 28, 2011 7:38am Feb 28, 2011 7:38am
Quoting triger88990


bought GBP also on crosses
+ made a killing in fiber and gold

Attachment
Nice trading again Trigger!

I took the same GBPUSD long off of that probe lower. Out of interest, where did you have your stops?

I had mine at 1.5940 area below the monthly pivot for cover but wasn't sure if I had been a little cautious there and risked more than I'd need to. Logic being that 1.60 handle would be too juicy for the market not to try and probe on a break lower.

Thoughts?
  • #440
  • Feb 28, 2011 7:46am Feb 28, 2011 7:46am
What do you guys think about 1.3850-1.3880 region as a potential reversal level in the EURUSD?

There is historical importance at that level on the 4hr chart from Oct last year and also Feb this year? Not saying this leg is finished but the 8hr bearish pin I will get on FxPro in 1hr15mins (should the price action remain similar) looks like a failure with stops above the weekly pivot resistance circa 1.3885?

Interested in your thoughts?
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