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raczekfx chart thread

  • #781
  • Jun 29, 2011 8:55am Jun 29, 2011 8:55am
sold at the High of "weak-sized" PB..so far so good..
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  • #782
  • Jun 29, 2011 8:16pm Jun 29, 2011 8:16pm
Quoting AvanishDemo
sold at the High of "weak-sized" PB..so far so good..
It appears that price is being drawn by a weekly resistance @ .95
Not on my radar yet, but it will be soon.
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  • #783
  • Jul 1, 2011 4:30am Jul 1, 2011 4:30am
Quoting raczekfx
If Euro continues its recovery....
.. then we shall do very, very well on long ch'e'fs...
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  • #784
  • Jul 1, 2011 7:15am Jul 1, 2011 7:15am
Happy Canada Day and

4th of July US.

p.s.

We'll be making some changes to cave site. Those who were interested in rac's trades only, might see their wish come true soon. On July 11 there is going to be another small change and a bit later the door will close for some time to new members. There is only so much room for turtles...

Enjoy the long weekend and book some profit on those CHFs will you? Check some weekly charts for clues....

  • #785
  • Jul 1, 2011 7:47am Jul 1, 2011 7:47am
Quoting raczekfx
Happy Canada Day and
4th of July US. ...
happy Canada day.

hope to visit 1 of the world's coldest places in the near future
  • #786
  • Jul 1, 2011 7:59am Jul 1, 2011 7:59am
Hi raczekfx,

I wonder whether you may answer my a question, even a very brief answer, it is appreciated.

I heard that you have tried to trade low timeframe, with your level of skill, what do you find about trading those low timeframe?

cheers,

kk007
  • #787
  • Edited 10:21pm Jul 1, 2011 2:29pm | Edited 10:21pm
Quoting kk007
Hi raczekfx,

I wonder whether you may answer my a question, even a very brief answer, it is appreciated.

I heard that you have tried to trade low timeframe, with your level of skill, what do you find about trading those low timeframe?

cheers,

kk007
Let me answer you with a chart. A chart which is a low time-frame, compared with a span of human life...

Enjoy it.

p.s.

I had very good results on 5 and 15. After you get good with trading in general, timeframe is irrelevant. Same principles apply.
Why bother with low TFs, where you might lose a sight of the the 'bigger foot print'? I already KNOW what makes people fail in this business and I'm sure you know it by now as well. Others can find the answer in my charts or read between the lines.
.
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  • #788
  • Edited 9:47pm Jul 1, 2011 9:31pm | Edited 9:47pm
Quoting raczekfx
Let me answer you with a chart. A chart which is a low time-frame, compared with a span of human life...

Enjoy it.
Thanks for your chart, but daily is not a low timeframe to many people here. More importantly, there is a possible PPZ around the point of interest and price not neccessary keep falling.

I was actually thinking whether low timeframe (e.g M15, M5 day trading) is still too quick (or other difficulties) even with your level of skill to trade.

Anyway, thanks for your reply.
  • #789
  • Jul 2, 2011 12:07pm Jul 2, 2011 12:07pm
Quoting kk007
Hi raczekfx,

I wonder whether you may answer my a question, even a very brief answer, it is appreciated.

I heard that you have tried to trade low timeframe, with your level of skill, what do you find about trading those low timeframe?

cheers,

kk007
Hmmm interesting.

Would you trust him/his answer?
.
  • #790
  • Jul 2, 2011 12:18pm Jul 2, 2011 12:18pm
Quoting nasir.khan
Hmmm interesting.

Would you trust him/his answer?
.
If I don't trust him/his answer, I wouldn't ask at all.

I think what he said (after amendment) is trading low timeframe may miss higher timeframe S/R or PA easily (although he can do low timeframe well using the same principle).
  • #791
  • Jul 2, 2011 2:59pm Jul 2, 2011 2:59pm
Quoting kk007
If I don't trust him/his answer, I wouldn't ask at all.

I think what he said (after amendment) is trading low timeframe may miss higher timeframe S/R or PA easily (although he can do low timeframe well using the same principle).
was a joke kk.
.
  • #792
  • Jul 2, 2011 10:04pm Jul 2, 2011 10:04pm
Quoting nasir.khan
was a joke kk.
.
Are you suggesting raczekfx are joking, or what?
  • #793
  • Jul 3, 2011 3:26pm Jul 3, 2011 3:26pm
Quoting kk007
Are you suggesting raczekfx are joking, or what?
I was joking man!!!....... I was!!!

Hint: On the left of your Avatar and below your nick.
.
  • #794
  • Jul 3, 2011 11:58pm Jul 3, 2011 11:58pm
Hi Rac, a long time follower of your posts here. Lately I have been having similar trades as yours in eu, gchf, and ucad. But using same analysis, I have different opinion on NU. I thought at least it will retrace to 0.82 (I guess i still belong to those 98% )
Would you care to share some ideas about it?
  • #795
  • Jul 4, 2011 7:07pm Jul 4, 2011 7:07pm
Quoting esbatu

Would you care to share some ideas about it?
Not sure what you're asking?
  • #796
  • Jul 5, 2011 12:21am Jul 5, 2011 12:21am
Hi Rac, sorry for not being clear. What I am asking is what is your reasoning behind your thought of NU going up? Is it based on technical or some fundamental?

I still think that NU is going to retrace to .82. Although my stop got taken out this morning. I have problem for being too early or setting my SL to tight sigh... http://www.forexfactory.com/images/icons/icon9.gif
Oh and btw what do you think about EU, are u short?
  • #797
  • Edited 3:16am Jul 5, 2011 2:20am | Edited 3:16am
Quoting raczekfx
It appears that price is being drawn by a weekly resistance @ .95
Not on my radar yet, but it will be soon.
I'm not sure, but I wouldn't trade it short here. (Meaning .9000)
Gone to a better place
  • #798
  • Jul 5, 2011 12:37pm Jul 5, 2011 12:37pm
Quoting esbatu
Hi Rac, sorry for not being clear. What I am asking is what is your reasoning behind your thought of NU going up? Is it based on technical or some fundamental?

I still think that NU is going to retrace to .82. Although my stop got taken out this morning. I have problem for being too early or setting my SL to tight sigh... http://www.forexfactory.com/images/icons/icon9.gif
Oh and btw what do you think about EU, are u short?
I see NU at 83/85. What it will do in the meantime, I don't care as long as I have stops moved to be and target sets.

EU? I've already talked about it before.. IMO it's going to 1.1. We're getting our trading plan ready for that event....

Quoting smikester
I'm not sure, but I wouldn't trade it short here. (Meaning .9000)
We all have our biases and trading plans...
  • #799
  • Jul 5, 2011 6:45pm Jul 5, 2011 6:45pm
Quoting raczekfx
I see NU at 83/85. What it will do in the meantime, I don't care as long as I have stops moved to be and target sets.

EU? I've already talked about it before.. IMO it's going to 1.1. We're getting our trading plan ready for that event....



We all have our biases and trading plans...
Hey Mark,Was wondering if you could fill me in on your analysis of why you see EU going to 1.1.Just trying to see what gave you that?Thanks ...Josh
  • #800
  • Jul 5, 2011 10:38pm Jul 5, 2011 10:38pm
Quoting jlmac27
Hey Mark,Was wondering if you could fill me in on your analysis of why you see EU going to 1.1.Just trying to see what gave you that?Thanks ...Josh
I'm not allowed to say much, but in short I expect...
... 3 EU economies to default within next 12-16 months. I don't even want to mention big asian economy...
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