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  #75095  
Old Sep 18, 2010 5:08pm
raczekfx's Avatar
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Originally Posted by xmzhang View Post
My pick for monday is a countertrend PB on the Ozzie daily. Not a great close, but off the RNB @ 9400, at a swinghigh. Last week Ozzie took 4 attempts to close above the 9400 but didn't manage that. FTA is the PPZ @ 9280 at the gap, also a nice oppertunity for price to close the gap which could act as support now.

May the force be with you.
It always has been...

It pays to be early on the trade.
0.9442 was ideal entry (based on smaller TF), I wish I was awake..

Below is one of my friend's early entry on usd/chf from a couple of days ago. It takes a bit of 'preparation' to know when and how to get in, but once you're in, you are not only listening to the music.... but also playing it..
Some might see a falling knife and run, other simply catch the knife and throw it back...
.
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  #75110  
Old Sep 18, 2010 11:39pm
raczekfx's Avatar
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Originally Posted by xmzhang View Post
Do you think it is better to look for a setup on the 4H or even 1H TF than on the daily or even the weekly TF in order to be as early as possible on a trade ?
I don't think, I do it... and it's working well most of the times. The magic word here is: 'the location'.
If you do what every one does, you'll keep walking in circles. There is a good reason, why 9 people out of 10, who look at the same pinbar lose money...

With that thought, Enjoy the weekend!

There is only one Force...
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  #75128  
Old Sep 19, 2010 1:04pm
raczekfx's Avatar
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Originally Posted by xmzhang View Post
Just great to hear this from a guru like you, .....
lol.. I'm not a guru.. I simply found something that works well (for me that is) and that's it.
I still believe one should start with higher TFs and work the way down as he/she gets better and better. The only exception to this, should be when you have someone watching over your shoulder and can show you obstacles where you are likely to get 'killed' on those smaller TFs.

cheers,
r

Quote:
Originally Posted by ppfx View Post
Hi Rac
..the reason for you to enter in that trade ..
It was my friend's trade, I posted...

I'm working on something bigger and more rewarding right now. Something that should go at least 500pips in the next two weeks... will update if I it works out and I don't forget..

back to C
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  #75173  
Old Sep 20, 2010 1:03pm
raczekfx's Avatar
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Originally Posted by jarroo View Post
If there is one word that sums up the Rac trade, it is this : Location.

For those of you who study Rac charts (like myself), one thing comes to mind . . Locational Confluence. I sure there is more to it, but that's the main theme . .imo.
I'm sending you another present (actually only a semi present - without commentaries )

Use it, abuse it.... DON"T ... lose it...
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  #75174  
Old Sep 20, 2010 1:06pm
raczekfx's Avatar
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Originally Posted by jarroo View Post
Any way you could have your friend say "Hello" over here at FF?
don't know.. If he wishes to..

'success' is usually silent and very quiet.
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