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thalestrader

Reading Charts in Real Time

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UPDATE to AUD trade: Stop hit, -6 ticks on 2 contracts. It had gone in the money 8 ticks twice, and i was quite tempted to take the profit and be done with it the second time up, but it looked like it might have legs that time, so I held. I suppose I can rejoice that I was not panicked and exited because of fear. I'm more focused on execution than P/L right now. It very well could have gone on to hit my target, and still may do so even now I suppose....

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  todds said:
The time of day is not ideal but this long in NQ looked interesting.

 

Took one off the table, the second moved to BE as price nearly made 1st target then came back down through the dash line with a shooting star look. Time of day caused me to be a little careful with this one. Probably shouldn't have taken it but sometimes the equities move after hours.

 

Update: out on 2nd contract at BE.

 

+0.37R trade

5aa7106ad3a54_NQ06-11(15Min)4_11_2011NQ15minzoomout.thumb.jpg.ba766be46259b66ff2aed9fc9904c960.jpg

5aa7106adc9b1_NQ06-11(15Min)4_11_2011NQ15min.thumb.jpg.2f44f4cac13042f4d0108374a08a82f5.jpg

5aa7106ae5ebc_NQ06-11(15Min)4_11_2011NQ15min1stPT.thumb.jpg.6da35ca325b96e24a9820c7614c033e9.jpg

5aa7106af2bdc_NQ06-11(15Min)4_11_2011NQ15minfinal.thumb.jpg.51fb5ae7a048e405dd9c0ba32fcbd575.jpg

Edited by todds
Update

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Beautiful breakout pullback ... doesn't get any prettier than this. I was not at the screen and this was not in real time but I had thought this might happen earlier when my long didn't work out... Had I been here it would have been very tempting.

aud.PNG.b65164f903f08fc1554dbee85fa357f1.PNG

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I'd like some feedback on my levels for the pound from any who would be willing to comment.

 

Particularly around 1.6100, there's a lot of wiggle room there--any thoughts on these?

pound.thumb.PNG.28f78cf06f9b52c1ebba45c659f94c0d.PNG

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  joshdance said:
I'd like some feedback on my levels for the pound from any who would be willing to comment.

 

Particularly around 1.6100, there's a lot of wiggle room there--any thoughts on these?

 

Around the 1.6100 level there is a lot of wiggle because the GBP/USD pair is trying to find a clear direction with the bulls and the bears battling it out. As you see from the graph, the bulls eventually got the upper hand.

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  Stock Trader One said:
Around the 1.6100 level there is a lot of wiggle because the GBP/USD pair is trying to find a clear direction with the bulls and the bears battling it out. As you see from the graph, the bulls eventually got the upper hand.

 

Thank you STO, that part is quite clear to see--what I'm talking about is, if price returns there, where might a good potential support level be. I have 6100 marked as it's a round number and the first big 30 minute bar originated there. But the whole range of that area is effectively 6076 to 6160, quite a large range.

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  Cory2679 said:
Currently long the GBP/USD...

 

UPDATE: Stop moved to break-even.

 

UPDATE 2: PT1 filled, moving stop up a little on the second half.

 

FINAL UPDATE: Second half taken out.

5aa7106b38255_GBPUSD(15Min)4_12_2011.jpg.98249b84d38453991aabac7f5c404662.jpg

5aa7106b3cfc6_GBPUSD(15Min)4_12_20112.jpg.fbf847ea2f48a8fb7eadaef9a7289a0c.jpg

5aa7106b4161a_GBPUSD(15Min)4_12_20113.jpg.1f64a09ec8fe4ae5d48ce186fbfb76a1.jpg

5aa7106b45bf6_GBPUSD(15Min)4_12_20114.jpg.e42d9a13bf8e448a44892118ba0c31f2.jpg

Edited by Cory2679

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Looking at AUD/USD long. Zoom out view looks like a five wave impulse move up after a correction. Enter on 123 set up off support.

 

Update: Not happy with the movement out of the gate so I tightened up the stop.

 

Final Update: I didn't want to let it retrace way back into the pattern so I tighten the stop even more and got stopped out.

 

-0.11R trade

5aa7106bbcbc3_2011-04-12-TOS_CHARTS.pngAU15minzoomout.thumb.png.96b7bb11bc9b569c48920b03ee942c2a.png

5aa7106bc6bd4_2011-04-12-TOS_CHARTS.pngAU15min.thumb.png.5560db3eabae76fa902ebc8b3b0348b0.png

5aa7106bd004d_2011-04-12-TOS_CHARTS.pngAU15minupdate1.thumb.png.4dab846a6441fef176af99eb803371d8.png

5aa7106bda516_2011-04-12-TOS_CHARTS.pngAU15minfinal.thumb.png.34b9ea014322129719323ad5136bec72.png

Edited by todds
Update

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Not quite real time, but I didn't have an opportunity to post this last night. I took this trade and went to bed. Then, got up to check it. Big mistake. I closed it out at breakeven after I saw a little double top form about 7 ticks above the entry point. Ninja was set to move the stop to breakeven+1 when the first target was reached, which would have been stopped out before the 2nd target was hit. I kind of expected this, but thought I would give it a try. Another lesson learned--SET IT AND FORGET IT! ...

eur.PNG.a2b06c0b4003fa4dc943090d95cb4898.PNG

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Current look at the EUR/USD...

 

Sorry for the late post...this one sorta snuck up on me and I was scrambling around my platform trying to get my orders in, etc...

 

Waiting for PT2...

 

UPDATE: A promising start, followed by a swift retracement...break-even on the second half...

5aa7106c36afc_EURUSD(15Min)4_13_2011.jpg.70e90134eaac2586665d32adb10775a1.jpg

5aa7106c3a296_EURUSD(15Min)4_13_20112.jpg.12efec2bf0a5de7acf2531c3aaa745d2.jpg

Edited by Cory2679

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Currently long the GBP/USD (I acknowledge that the entry was not posted in real-time)...

 

I really took some heat on this in the beginning, but it looks like it could be turning around...

 

Stop currently at break-even...

 

UPDATE: Nope, stopped out at break-even...still a much better result than I thought I'd have at one point during the trade...

 

The better trade was on the EUR/USD, but I didn't catch that...I was afraid to go long after that steep decline...

5aa7106c4f22d_GBPUSD(15Min)4_14_2011.jpg.ff374c60452700128b1e346e0754987c.jpg

5aa7106c52c5d_GBPUSD(15Min)4_14_20112.jpg.ce3e7fe8154dea576b8b3bb6cc8c0a4b.jpg

Edited by Cory2679

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  Cory2679 said:
The better trade was on the EUR/USD...

 

The EU long would have been doing quite well...on its way to PT2!

 

UPDATE: Hypothetical stop moved up...

 

FINAL UPDATE: PT2 hit...shoulda/woulda/coulda been over +2.5R...

5aa7106c56536_EURUSD(15Min)4_14_2011.jpg.d85653c3b4d558bc8a08599140f70c0f.jpg

5aa7106c5d7f3_EURUSD(15Min)4_14_20112.jpg.943b2c8aa16eac8d3add24ac34b54fb2.jpg

5aa7106c60c18_EURUSD(15Min)4_14_20113.jpg.b7a198c7bb0bac2857d130e509f71ed4.jpg

eu4h.gif.b1c48e4a057bba426dbc9a83fd01293c.gif

Edited by Cory2679

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  Mysticforex said:
Here is something I will be following with great interest today. GBP/JPY is extended well beyond 1 std Deviation from the 800 SMA

I will short on a candle close below the TL on the 15 Min TF. The TP is over 400 pips away, SL is 14000 + spread... Nice R/R.

Here's the chart:

 

Closed 2 pos @ 13420 ( actual was 13406, always use a buffer ). Entered @ 13850 and 13650.

 

There is still a missed Weekly Pivot @12880. If we fact go there, I will start looking for a Buy.

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Potential long on the EUR/USD...not particularly fond of the time of day, though...

 

UPDATE: Order canceled...late in the day and I have to leave now, anyway...

5aa7106e90468_EURUSD(15Min)4_25_20114.jpg.532a89efbf035622d4b9d698da7e563b.jpg

5aa7106e94ca2_EURUSD(15Min)4_25_20115.jpg.4fe6d9ff54ae5985ae53a5817a7b0dea.jpg

Edited by Cory2679

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  Cory2679 said:
Potential EUR/USD long...

 

UPDATE: Order filled with a revised stop...

 

UPDATE 2: Stop at break-even...

 

UPDATE 3: Stop moved up a little...

 

FINAL UPDATE: Taken out...

5aa7106f3afa6_EURUSD(15Min)4_26_2011.jpg.221dec5c26b5f6774d2200999e950d86.jpg

5aa7106f4167c_EURUSD(15Min)4_26_20112.jpg.92c9d97123f907e02894d2e758ef4c97.jpg

5aa7106f46a59_EURUSD(15Min)4_26_20113.jpg.e173bc80e27adbe53bcba1d3c22d2cf7.jpg

5aa7106f4bbcc_EURUSD(15Min)4_26_20114.jpg.92389d1c878370f1098bf96eab3f8ffd.jpg

5aa7106f5036a_EURUSD(15Min)4_26_20115.jpg.777ebce3dd875e4d4c5ed23d2eb403ee.jpg

Edited by Cory2679

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