Reading Charts in Real Time

[thalestrader 14]

Thales, Bad link?

 

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

 

Thanks, Forrest. Try this:

 

http://www.traderslaboratory.com/forums/f2/round-two-predict-market-close-contest-9050.html

[thalestrader 14]

Let's see if the Swiss Franc can do better against the Pound than my Eagles are currently doing against the Packers ...

 

Short GBPCHF ...

 

 

 

Best Wishes,

 

Thales

[forrestang 10]

Sorry for your loss........

[thalestrader 14]

Sorry for your loss........

 

I'm a Philly fan ... I'm used to it.

 

Best Wishes,

 

Thales

[thalestrader 14]

Let's see if the Swiss Franc can do better against the Pound than my Eagles are currently doing against the Packers ...

 

Short GBPCHF ...

 

This trade is thus far doing better for me than my Eagles had managed against the Packers ...

 

 

 

Best Wishes,

 

Thales

[snowbird 10]

Interesting tight stop setup for a large potential reward vs. risk

 

Are you targeting the 144444 area or going for a smaller swing?

[Cory2679 11]

Time to get rolling again...it'll probably take me a little while to get back into the swing of things...

 

Anyways...to begin...potential long on the UJ...

[thalestrader 14]

Interesting tight stop setup for a large potential reward vs. risk

 

Are you targeting the 144444 area or going for a smaller swing?

 

We have a 28 tick stop loss and with no plan for tightening it until we get +200, which puts price below Friday's 1.4839 low. After that we will trail, and we would like to see a retest of the 1.4398 low, which would put us at about +650 ticks.

 

Time will tell ...

 

Best Wishes,

 

Thales

[Cory2679 11]

Time to get rolling again...it'll probably take me a little while to get back into the swing of things...

 

Anyways...to begin...potential long on the UJ...

 

Ended up taking a short, instead...moved my stop tight...got taken out for a small loss...

[Cory2679 11]

Ended up taking a short, instead...moved my stop tight...got taken out for a small loss...

 

Re-entered on the new low...trailed my stop tight...managed to more than make up for the previous trade's loss (albeit not by much).

 

Although it would appear by this Ninja chart that PT2 filled, it did not with FXCM...both halves were actually taken out at PT1. (Once price hit PT2 on the Ninja chart, I moved my stop with FXCM to PT1.)

[Cory2679 11]

Currently short the EJ with my stop at break-even (with not much wiggle-room)...

[Cory2679 11]

Currently short the EJ with my stop at break-even (with not much wiggle-room)...

 

Taken out at break-even...

[Cory2679 11]

Potential EJ long...

[Cory2679 11]

Potential EJ long...

 

I probably should have passed on this trade considering the lack of impulsiveness...I was probably reaching a bit...

 

I have to leave now and I just pulled it for a small loss. I may make a rule for myself when I have to leave early that I can't open any new trades the hour before I know I have to leave...so that I have that hour to manage any open trades I may have. We'll see.

 

No Tokyo for me tonight...I'll be back for NY tomorrow...

[thalestrader 14]

Short GBPCHF ...

 

We were stopped out on the first go around, and since my daughter is home from school today, we've re-entered short at a level 40 ticks above last night's entry, and we will add at 1.5045 ...

 

 

Best Wishes,

 

Thales

[thalestrader 14]

This one is for you, Cory ...

 

 

Funny thing, after all these years, I still have my share of days where I feel just like that picture!

 

Best Wishes,

 

Thales

[Cory2679 11]

Just took a small hit on a EJ long attempt...I have my order in for a possible re-entry...

[thalestrader 14]

Hi Folks,

 

Just a reminder that tday is the last day to get your guess in for the quarterly guess the close contest - you can post your entry here:

 

http://www.traderslaboratory.com/forums/f2/round-two-predict-market-close-contest-9050.html

 

Remember, it doesn't cost you anything to play, and I can attest to the fact that Mad Market Scientist and TL does indeed pay out on the prizes. First prize is a $250 Amazon.com gift card - surely there is a trading book you've been thinking of buying but you don't want to waste your own money on what may turn out to be another iece of garbage - well, here's your chance to have TL buy it for you. Or perhaps there is some game, gadget, or gizmo you've been wanting to try. $250 will more than buy you a Kindle, and it is almost halfway to to an iPad. So get those entries in, folks!

 

Best Wishes,

 

Thales

[Cory2679 11]

Currently short the EU...

 

(EJ long re-entry order from above post canceled.)

[Cory2679 11]

Currently short the EU...

 

Got PT1 on the first half, got stopped for a small profit on the second.

 

I'm frustrated that I missed this UJ long I've attached...I actually had an order in but canceled it solely because I was already in a trade (the EU short). I need to come up with a rule for what to do in situations when I have more than one opportunity...this time I just thought, I don't know what to do! I guess I'll just pass on it!

[Cory2679 11]

I'm done for the day...I'll be around for Tokyo, but I'll be starting a little late...

 

I took this one last trade (EU short) that I took BE on...I won't be re-entering...I'm calling it a day...

[Cory2679 11]

Current look at the UJ...

[Cory2679 11]

Current look at the UJ...

 

Orders canceled...no trades tonight...

 

I just found out I won't be able to trade NY tomorrow...I guess I'll be back tomorrow evening for Tokyo...

Edited January 12, 2011 by Cory2679

[Cory2679 11]

Orders canceled...no trades tonight...

 

I actually changed my mind at the last second before I shut down and put on the UJ short...but took BE on it...

 

I left it overnight and got on this morning at around 6AM Eastern Time to see that price had reached my BE point and retraced...I immediately moved my stop to BE and was taken out shortly after...

 

I got to it just in time! Lucky me. Actually, price had already risen above my entry when I got on, but had fallen just back below...just for enough time to let me move my stop before resuming its climb.

 

No NY today...I'll be back this evening...

[Cory2679 11]

Potential EJ short...