Cory2679

FINAL UPDATE: Taken out...

Thanks...it was a nice entry, but a terribly managed trade, unfortunately...still squeezing too tight and cutting profits short! Same deal with my UJ short from yesterday...

Potential short on the UJ... UPDATE: Stop moved down...

FINAL UPDATE: Moved my stop up again on the second half and was taken out...

Currently long the EUR/USD... ---------- Since this is the first chart posted to this thread, here are some notes for my charts: Blue line = entry, red line = stop-loss, green line(s) = profit target(s), dotted magenta line = move stop to break-even, if not already there. Other lines on the chart are generally lines of support/resistance, trendlines, etc. NOTE: The original thread can be found here: http://www.traderslaboratory.com/forums/f208/reading-charts-real-time-6151.html ----- UPDATE: As price approached and almost touched PT1, I squeezed my stop tight and was taken out. Second half's stop at break-even, holding for PT2. UPDATE 2: Stop on second half moved up a little...

Fellow posters, MadMarketScientist would like us to continue our posting at a different thread... http://www.traderslaboratory.com/forums/f208/reading-charts-real-time-may-2011-a-9696.html

FINAL UPDATE: Got taken out of the second half...

UPDATE 4: Moving stop down...I unexpectedly have to quit for the day now, so I won't be moving my stop anymore...stop-loss and profit-target orders are in and I'm shutting down...

UPDATE 3: PT1 filled...stop at break-even on the second half...

Potential short on the UJ... UPDATE: Stop at break-even...fingers crossed... UPDATE 2: Stop moved down on the first half...

Short, instead...not a great start with the short... UPDATE: Stop moved down... FINAL UPDATE: Taken out...

Potential EU long...the green line is profit target 1 of 2...

How about Linda Raschke?

The week is over. I traded this week on an FXCM demo account...I posted every single one of my trades to this thread...I was ever so slightly down for the week... I would type up a little bit about what I did wrong, what I could have done better, the shouldawouldacoulda's, etc., but I'm afraid I'd get carpal tunnel. One thing, among many, is what's already been brought up...squeezing stops too tight, too soon, and getting to break-even too soon. I was a bit more pleased with how I managed my last couple of trades, however. I think what it all boils down to is that I'm a bit out of practice. I really struggled this week. I didn't do my best work (which isn't all that to begin with!). I haven't been trading very consistently for a while...I've been allowing myself to be distracted by other things in my life and I think I've kept a little distance from trading because I've felt a little discouraged. I've been working on it a long time, and, well, you know... I set and have so far acomplished a goal of putting an end to that trend. I've had monk-like dedication to trading and posting my trades to this thread this week. Posting to the thread helps keep me disciplined and focused. It's also nice to be able to look back and review the week that way. Plus, as a bonus, maybe someone out there could possibly be getting something out of it (what not to do! ). I intend to continue. I think part of my problem over the past months or even year(s) is that I expect to already be able to trade wildly profitably, and then when I don't do as well as I expect, I get angry and stomp away. Then, I'll build myself back up, study and read, etc., and do the same thing again. What I need to do is trade consistently to practice, practice, practice, and to learn...I need to keep an open mind, keep my emotions in check, and make the most of every hour. In other news, it looks like the blue bar under my name is 100% now...all I got was "Complete." Why don't I get something fun like everyone else?? (ie Market Wizard, Guru, etc.) :o

Looking at that chart, I can't rule out a double-bottom base...

UPDATE 2: Stop moved down... FINAL UPDATE: Taken out...

Yes, the dotted magenta line = point at which stop is moved to break-even, if it hasn't been already.

Potential EU short... UPDATE: Stop moved down...

I wanted to post a response to this thread but I really don't even know where to begin... How about...do you have any data or studies to back up such a claims, emg?...particularly the section on women? That was pretty low, to say the least.

Potential EU short... UPDATE: Stop at break-even... UPDATE 2: Moved stop down on the first half as it approached PT1, got taken out of the first half. Second half's stop is at break-even, holding on for PT2. FINAL UPDATE: Second half taken out at break-even...

Frankly, no...I haven't...not in any meaningful way. I probably should...

UPDATE: Stop moved to break-even and I added profit targets to the chart... FINAL UPDATE: Taken out for break-even.

Currently long the GU... UPDATE: Stop moved up... UPDATE 2: Placed profit targets on the chart... FINAL UPDATE: Quickly moved stop to break-even, and before I could post it, was taken out...

Currently long the UJ... UPDATE: Stop moved up.... FINAL UPDATE: Taken out...

Potential EJ short...