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raczekfx chart thread

  • #721
  • Jun 1, 2011 3:50am Jun 1, 2011 3:50am
Quoting fxterrapin
I do not understand why people trade fx and not the e-mini. There is a clear context (bull vs. bear market) and less replacement. Fx is just range-bound madness. No wonder why most hedge funds return an average of 7% in Fx vs 10%+ in other markets.
hey FXt,

just out of curiosity,do you trade the e-mini? and if so which broker are you using for your operation, and how many contracts are you trading and how successful are you?

hope I'm not asking to much, many thanks

all the best!

Quoting raczekfx
, they simply can't afford mainenance margins.


..

Mark that's true, it's my case also , anyway I have some profits from trading the currency and if I would add just a little more maybe i'll afford.

they are waiting for me and beside they are making it even more accessible:

http://www.zerohedge.com/article/and...-sp-ym-margins

all the best!
  • #722
  • Jun 1, 2011 7:39am Jun 1, 2011 7:39am
Quoting raczekfx
There is nothing wrong with trading currency. Fxt just pointed out that trading futures especially e-mini is easier and much more predictable than forex. I've posted a story on my website of friend's girlfriend, who's killing e-minis and gave up her engineering job just after six months. And .. without previous trading experience....

... oh, and I don't think FXt will answer your question about number of lots. You're getting too personal trigger..
it just happen that I have an unusual curiosity, and I like to know how people manage their operations in the market, especially for those who are successful. That's why I tend to become sometime personal but hope FXterrapin doesn't feel the same.

and I'm not losing anything for trying, maybe there is a probability

engineering is my domain of expertise as well, this is quite unusual bc the general rules says that we are on the bottom of the list when it comes to succeed in trading...so your friend's girlfriend is a lucky one

PS: man you got to love the market today

all the best!
  • #723
  • Edited 10:58am Jun 1, 2011 9:55am | Edited 10:58am
UCAD has been really great to me this week, very predictable

Yesterdays short sell off, after the tight squeeze consolidation, and today's rebound.

Took my long profits at a distinctive area, where of course it was rejected. ( >9748 )
lowest draw down possible please.
  • #724
  • Jun 1, 2011 1:05pm Jun 1, 2011 1:05pm
Quoting ehrek
UCAD has been really great to me this week, very predictable

Yesterdays short sell off, after the tight squeeze consolidation, and today's rebound.

Took my long profits at a distinctive area, where of course it was rejected. ( >9748 )
I haven't touched the looney for quite some time, there where other currency which kept me busy

had to say that your both trades, long and short, where some "text book", very nicely done

all the best!
  • #725
  • Jun 1, 2011 2:17pm Jun 1, 2011 2:17pm
Just wanted to say hello and thank you for this great thread. I have been going through raczek`s ( and triger, lovejoy et.al. ) posts for many months now and I am learning so much......!

I think my biggest hurdle is to trust my analysis when I focus less on individual bar/candle formations ( J16, especially jarroo ) and more on wave structures and which PPZ are the really important ones.

Anyway, I`ll just keep on reading, studying and I am very grateful that this thread exists.

Also very nice to see KissFan post here, I read his posts in J16 from the beginning.

_ " Amen from the backrow " _



___________
michael
Be like water.
  • #726
  • Jun 1, 2011 2:34pm Jun 1, 2011 2:34pm
Quoting msmarple

I think my biggest hurdle is to trust my analysis when ...
and which PPZ are the really important ones.

___________
michael
You're welcome M..
It comes with practice and can't be really learned by watching. You need to trade to get confidence. Contrary to popular believe, I don't agree that demo helps.
Well, maybe helps you to get used to the new mouse, you just bought..., but does nothing to make the psychology your friend...
Off course, this is just my opinion, tested in battles.

p.s.
below is the e-mini chart with price approaching good (imho)ppz. So what do you do..anyone?
Attached Image
  • #727
  • Jun 1, 2011 3:00pm Jun 1, 2011 3:00pm




Attached Image (click to enlarge)
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  • #728
  • Jun 1, 2011 3:08pm Jun 1, 2011 3:08pm
Quoting atton


I posted empty chart on purpose... and was 'hoping' that someone can help me out here

Here's a chart with the answer:

You follow your rules... friends.

p.s. I've exhausted limit of my posts for the next two weeks...lol.
Got to go, earn some pennies to pay off that chair

Trade wisely. Cheers,
\rac
.
Attached Image (click to enlarge)
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  • #729
  • Jun 1, 2011 3:26pm Jun 1, 2011 3:26pm
Quoting raczekfx
I ...
You tricked me lol Nice one
  • #730
  • Edited 11:45pm Jun 1, 2011 9:33pm | Edited 11:45pm
Quoting raczekfx
Lol.. maybe..., maybe not..
woohoo!
is that it?
6 monitors, 1 laptop?
how far are your eyes from the monitors? no eye fatigue?
that looks like an Aeron... yet u still want an Embody huh

Quoting raczekfx
...
Most people (traders) have small accounts and regardless of what they say, they simply can't afford mainenance margins.
Some might argue that this is natural progression from giving money away to financial advisors, then to trade mutual funds themself, then stocks, options, forex and ... eventually futures....
yes that's right.
some people are just geographically, hereditarily, circumstancially "blessed". for the rest, like me, we just have to deal with it & try to circumvent personal situations in one way or another --- start small, do extremely well, get big & consistent.

looking back now,
what do u think is a good progression?
  • #731
  • Jun 2, 2011 1:13am Jun 2, 2011 1:13am
Quoting raczekfx
..
Sorry to disappoint but odds are almost the same as winning a lotto and you're prone to fail from the beginning...
i understand. that's reality, but i aint disappointed. (lotto odds comparison is an overstatement, IMHO, since in trading we have a certain amount of control unlike in Lotto)
trading is a perfect endeavor-opportunity where an outlier shines.

btw, i've always wondered, what's a decent amount to start with, in your view? (& in other's view?)

thanks for keeping it honest, Mark!
  • #732
  • Jun 4, 2011 9:44pm Jun 4, 2011 9:44pm
Quoting raczekfx
, then stocks, options, forex and ... eventually futures....
wow you pretty much quoted my trading career lol

started out with stocks and options...demo forex...tasted future trading...and now i'm focused on learning to trade futures lol
  • #733
  • Jun 9, 2011 9:18am Jun 9, 2011 9:18am
Quoting biDc
wow you pretty much quoted my trading career lol
As long as it's rewarding and makes you grow both financially and spiritually, I'm happy for you..
  • #734
  • Jun 9, 2011 10:57am Jun 9, 2011 10:57am
We all love pins, don't we..
Especially those that work...lol
Nothing big, just testing grounds with few contracts off good support. I called for min +200pips on dow within 48hrs yesterday. Let's see, lets see....

cheers.
Attached Image
  • #735
  • Jun 10, 2011 1:19am Jun 10, 2011 1:19am
Quoting raczekfx
We all love pins, don't we..
Especially those that work...lol
Nothing big, just testing grounds with few contracts off good support. I called for min +200pips on dow within 48hrs yesterday. Let's see, lets see....

cheers.
... and it was only good for 110+...
Oh well. Back to cave.
Attached Image
  • #736
  • Jun 10, 2011 1:50am Jun 10, 2011 1:50am
hi rac,
i was going through your charts. i just wanted to say i am impressed. All your charts show positive trades, flawless. although i am confused if this is really possible.
you are really a great trader. and you have quite a fan following here.

regards
wave
  • #737
  • Jun 10, 2011 2:43pm Jun 10, 2011 2:43pm
Quoting wave
hi rac,
i was going through your charts. i just wanted to say i am impressed. All your charts show positive trades, flawless. although i am confused if this is really possible.
you are really a great trader. and you have quite a fan following here.

regards
wave
Some would say long ago, that people will never fly like birds... It's simply not possible. What would happen if we all believed that nonsense and never tried?

With that thought enjoy the weekend and you have time read post number 1 in this thread again.
  • #738
  • Jun 10, 2011 4:23pm Jun 10, 2011 4:23pm
Nice trade on ES rac

Looking forward to more charts from you
  • #739
  • Jun 11, 2011 1:27pm Jun 11, 2011 1:27pm
Quoting biDc
Nice trade on ES rac

Looking forward to more charts from you
Thanks, but even though both positions were in profit 12 points, they were eventually stopped out at BE.
  • #740
  • Jun 11, 2011 2:11pm Jun 11, 2011 2:11pm
Quoting raczekfx
Thanks, but even though both positions were in profit 12 points, they were eventually stopped out at BE.
In my book any trade with no loss is a winner
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