raczekfx chart thread

Anyone is watching today's daily bar?
If you 'got lucky', I meant, you know what you're doing, perhaps your stops is already at BE, and you no longer care...
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Cheers Anthony... there is only a couple of days remaining.
I'm a men of my words

p.s. I'm a member of several firearms forums, where there are plenty of 'commercial' members posting. I have yet to see a forum where they are contained to their own threads only. But you see, there is a big difference here..
FAs is a serious business and tangible at the same time, but when it comes to trading, most of people lose money, all money. This is why FF can do as it wishes... Folks will always be drawn to a promise of worry free life.

I have met and still keep contact with many great traders I met here. Most of them never bothered to post a single comment, simply because they don't want to be bothered. Others tried to help people, but were either laughed at or ridiculed. I keep touch with a couple of such and I bet that those clowns, who make them 'disappear', would bite their tongue ten times if the only new the size of the S&P contracts they trade. And I don't meant E-mini contracts...lol...

Apologies for the length of this post. I have only touched the tip of the iceberg, but those who've known me for the last few years, can read between the lines with ease... and I really don't like wasting time and words.

very interesting Rac

dont hang out on the Public Forum much - one year was enough + one too many sycophants for my liking, although for beginners it is very good

your trading methods clearly hit a sore nerve over there

GbpUsd.

Price has approached solid daily support zone yesterday, so why not wait for .... and dive in long?

Price has since moved 100+ pips in our direction...and so on and so...

p.s.
note the broken correlation between S&P, dow and Cable.

S&P down 12,
dow down almost 80
Cable up +100ps

Just watch what's going to happen to Euro over the next 24hrs. Just as they say.. fortunes are made and lost in the markets every day...
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not sure how high it will go, but I'm sure many of you already have the answer

Here's another tip..

harvest, harvest and harvest before Christmas.. After that it will be much harder... or perhaps not. Presidential election in the US is coming

Great discussion today...lol

It will only make my decision easier

No worries though.

Before I'm gone from FF, I'll leave you a gift or a tip, if you will on how to make money in these markets with good probability of success. This will be for small account holders not for 'market sharks' .

It won't make you rich overnight, but there is a good chance, that if you will follow it religiously, you might end-up even quitting your job in a few short years.
Now when I'm thinking about it, it's not really a tip. It's... a trading plan.

Keep checking the thread. I will post it but I can guarantee the post will be present longer than 24hrs. Some folks only voted 1 or 2 stars for this thread, hence I'm sure they don't deserve 'the knowledge'..

I've been watching Rac for 3 years, maybe 4 years now and only in the last few months I got the chance to learn the powerful method. I can assure you that this thread will be a great treasure to traders that willing to learn, and have the determination. I rarely posted in FF now since there's too much 'gurus'. I just want to say for people who don't have access to PF and just starting out trading to treasure this thread. Rac is more than being generous and helpful to share his trades/tips/hint/method on this thread.

Thank you Arcus.

You see, there was always a hidden agenda behind trades/tips/hint/method thingy...

Those, who are successful traders, know very well (I've seen a few who contradict themselves, God knows why) that you can teach your dog to press mouse button to initiate a trade and on many occasions your dog will be better trader than you. I don't see too many heads nodding in disagreement.
Why such forums as FF are sooo popular? They are because folks are drawn to a picture of financial freedom, even though they lose account after account. Being on such forum gives them (in their opinion) hope that the next system they learn on the public forum will give them the edge. It will not, but I digressed.

Those t/t/h/m were designed as hidden impulses to get people thinking, observing, comparing, and finally pulling the trigger.
All markets ever created on this planet are one, big 'box' of human emotions. Ignore those who say otherwise. Sure there are fully automatic systems, but someone wrote that piece of code and it was not a machine, at least not the one written on the Earth
That code is also based on emotions. Without going much into details... TRADING is ALL about PSYCHOLOGY (one more hint). I wouldn't care less if someone disagrees. If you don't have a system that takes this into account, you might stop trading, period.

There is only one other way of making money while trading, which is not a gamble and it's not based on P.
I have a friend, who wrote a software for his trading team, which takes advantage of price difference in hundreds of a pip between the offers from different banks. I'm not in a position to go into details but in short, to make money they go in with at least $500k for each trade. That way few trades a day gain them about $10-30k. Any response time > few ms means lost money. This is the only method of trading (imo), which doesn't take into account the mighty P.

r

It's unfortunate to see you part from FF rac. Your charts have constantly amaze me and i like the simplicity of it. I definitely agree with you that trading is all psychology though. It's one of those things that I am slowly piecing together...

yo Mark,

You've already got a place in my heart and I'm gonna miss yours charts for sure

you da man

I'm telling you is much more better trading just within your cave perimeter

but don't leave for good at least let me the opportunity to send you some christmas postcards this holidays

wish you all the best!

Wild ride today, eh..
Don't we all love volatility.... and no liquidity

I guess the trading plan worked..or perhaps we got really lucky with our cable longs..

Exited right before price turn around and plummeted @ 5767

That extra coffee run resulted in a missed short opportunity, but I'm sure many of you sharks are right on it....lol
.
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hahah. pretty nasty moves. what a volatility
not even a baby shark, i'm just a little Neemo who was able to swim a bit with the eurusd downcurrent

nice trades M!

Ok.. future Shark...

All right. It's time to turn off the lights here.

I've met many good folks on FF in the last 6 years, but it was quite a different forum back then. Some were good traders, some were not. Some were even 'pretenders'..., but that's not my business...lol. Anyways, It's time to move on.
I may come back one day IF FF changes their rules and allows c members to post in other threads, but I would not count on it. Over the years I have only cared about one thread and those who know me, should've guessed it.. It is james16 ch. thread. Others? sure if you have plenty time to kill on the net... . Hey, you never know, maybe one day I ask Jim (and will help out) to open a real good, public forum. You just never know..
I'll be disabling my PM, but those who desperately need to contact me, can easily do that. The info is on my profile page. If that disappears, simply google my nick..

As promised I have prepared a gift for all the followers of rac's charts as a thank you token. It's mainly designed to help those who struggle with trading and have patience to stay in the game despite the odds. You can find it Here.

Of course rac would not be the rac if there was no twist, would he...lol.
There is a small twist. The doc is password protected as well as the zip file.
These will be released inside the very first post on rac's public side of the forum on Dec 22. Just in time for Christmas.
You will have time to enjoy some good wine and think of your action plan.
...and one more 'extra' twist. That file will be gone sometimes in January 2012

Wish you all the best. Trade wisely

Rac

A BIG thank you Rac for your contribution on FF, I wish I had found your thread long way before I did. I´m still rereading some of your posts and watching the charts you posted (there´s a lot of them..) very valuable info on them that makes me think a lot.
It´s very sad to see you go, don´t want to go into FF politics now, but be sure I´ll be checking the cave and waiting for the public forum too.

May life treat you good and give you health, happiness and peace.

Sincerely.

Red.

thanks for the goodie Rac , u r too kind

its a pity u r leaving, im only making sense of your trades now, i checked them out over on J16 a year ago but then they didnt make sense

dollars permitting , i 'd luv to join u in the cave

Enjoy the holidays

Anthony

Hello Rac,

I've been quietly staying with your thread and posts since the early j16 times. Just want to thank you for being an inspiration for many "to-be'traders", for your trading ideas, for this thread. Good that there is another public thread on racscave.
Wish you health, happiness and prosperity.
Dziekuje!

All I have to say is WOW I wish I found this thread sooner. I will be venturing off to find more info in the PF I hope it is not to late to become parr of your elite club.


Ps found this thread from a post in the commercial j16 thread.
Thanks raczekfx