Reading Charts in Real Time

[lblanks 10]

NQ closed out at +36 ticks Obviously I left a lot on the table max profit about +72

I hope someone else caught the move.

[thalestrader 14]

NQ closed out at +36 ticks Obviously I left a lot on the table max profit about +72 ... I hope someone else caught the move.

 

A nice trade nonetheless - we typically have seen very few day traders land more than a handful of ticks here, and it is nice to see your success. 36 ticks on the ES would be 9 points - how many day traders have never once had such a profit on a trade. I'd bet many more have taken 36 tick losses than have ever taken a 36 tick profit.

 

Best Wishes,

 

Thales

[lblanks 10]

Possible short on 6E

Entry 1.3225

TTT says this is a Sell Short day for 6E

[lblanks 10]

6E "3 pushes to a bottom?!"

Opinions?

Get ready to go long?

[lblanks 10]

OK I'll bite Long 6E 1.3125

 

SL 20 ticks

 

Not sure about PT

 

Filled at 1.3124

 

Update: New high on bar moving stop to BE -5

 

SL moved to -3

 

No new high SL moved to -1

 

I guess the good news is that I saved 19 ticks by aggressively managing my SL

 

Update Stopped out -1

Edited December 28, 2010 by lblanks

[thalestrader 14]

6E "3 pushes to a bottom?!" Opinions?...

 

Not much loss of momentum on each successive new low, so I myself wouldn't view this as a "three push" pattern. That doesn't mean that a bounce is not immanent. But you asked for opinions, and my opinion is that 6E is perhaps mopping up the first of two or three lows before a significant bounce materializes. Of course, that is my opinion, and you know what they say about opinions.

 

In the end, the highs and lows will lead the way ...

 

Best Wishes,

 

Thales

[thalestrader 14]

Current view of the EURUSD has me looking for a move down to 1.2953 or so if price breaks this morning's low and fails to reverse higher quickly ...

 

 

Best Wishes,

 

Thales

[thalestrader 14]

Current view of the EURUSD has me looking for a move down to 1.2953 or so if price breaks this morning's low and fails to reverse higher quickly ...

 

Testing ...

 

 

Best Wishes,

 

Thales

[thalestrader 14]

Testing ...

 

Break ... but will it be "break and hold" or "break and reverse," aka a 2B buy?

 

 

Best Wishes,

 

Thales

[stpips89 10]

Gold and silver are exploding recently. I got long on silver based off the commentary at Nial Fuller's website: Forex Commentary: Gold and Silver recap, 28th December 2010

[lblanks 10]

Possible short setting up on 6J

 

Entry .012192

[lblanks 10]

Possible long on 6B

Bull flag?!

 

Order cancelled ie It will go up now

Edited December 29, 2010 by lblanks

[lblanks 10]

Possible short 6E

Possible short 6A

[lblanks 10]

Possible TV 2b on 6J

 

Order cancelled

Edited December 29, 2010 by lblanks

[thalestrader 14]

Hi folks,

 

First trades of the New Year for my daughter and I have us short EURUSD at 1.3358 and added short EURUSD at 1.3347 ...

 

 

 

 

Happy New Year to All!

 

Best Wishes,

 

Thales

[thalestrader 14]

Hi folks,

 

First trades of the New Year for my daughter and I have us short EURUSD at 1.3358 and added short EURUSD at 1.3347 ...

 

added at 1.3322 and 1.3202 ...

 

 

Best Wishes,

 

Thales

[thalestrader 14]

added at 1.3322 and 1.3202 ...

 

That rally reduced an otherwise nice run to a small profit - +22, +12, +0, -10 respectively ...

 

We'll see what happens as EURUSD aproaches the HOD near the open ...

 

 

Best Wishes,

 

Thales

[fxThunder 10]

Stalking a short on the EURUSD as per the attached chart.

 

Cheers,

fxT

[fxThunder 10]

Stalking a short on the EURUSD as per the attached chart.

 

Cheers,

fxT

 

Entry triggered:

 

Have an initial stop at 1.3366 and target set for 1.3252.

 

Cheers,

fxT

 

Edit: amending my target to 1.3260

Edited January 3, 2011 by fxThunder

[fxThunder 10]

Entry triggered:

 

Have an initial stop at 1.3366 and target set for 1.3252.

 

Cheers,

fxT

 

Edit: amending my target to 1.3260

 

Got stopped at 1.3366 - r:r did make sense so will await next setup.

 

cheers,

fxT

[thalestrader 14]

Current view of the EURJPY has us just now getting short ...

 

 

Best Wishes,

 

Thales

[thalestrader 14]

Current view of the EURJPY has us just now getting short ...

 

This morning finds us still short and currently +40 ticks on the trade, with a stop loss at +20 ...

 

 

Best Wishes,

 

Thales

[thalestrader 14]

This morning finds us still short and currently +40 ticks on the trade, with a stop loss at +20 ...

 

Just checking in to see we are now +100 on the trade an our stop loss is now +65 ...

 

 

 

Best Wishes,

 

Thales

[thalestrader 14]

Hi Folks,

 

Time is running out to get our guesses in for TL's "Guess the Close Contest." We need 50 people to make the contest a go - and here we have 376 visitors today alone, and I know that this thread has had several thousand page views in the last week without hardly any new activity, so TL has many eyeballs but too few willing to "pull the trigger."

 

You know what happens to traders who are afraid to pull the trigger ...

 

 

As they say, "you gotta be in it to win it ...," and in this case, we need 50 to be in it for anyone to win it.

 

Go to the thread below and get you guesses posted soon!

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=23497&stc=1&d=1294593958

 

Best Wishes,

 

Thales

[forrestang 10]

Thales, Bad link?

 

...........................