Reading Charts in Real Time

[joshdance 10]

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....

[todds 10]

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

[todds 10]

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

Edited April 11, 2011 by todds
Update

[joshdance 10]

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.

[joshdance 10]

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?

[Stock Trader One 10]

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.

[joshdance 10]

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.

[Cory2679 11]

Currently long the GBP/USD...

 

UPDATE: Stop moved to break-even.

Edited April 12, 2011 by Cory2679

[Cory2679 11]

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.

Edited April 12, 2011 by Cory2679

[todds 10]

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

Edited April 12, 2011 by todds
Update

[joshdance 10]

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! ...

[Cory2679 11]

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...

Edited April 13, 2011 by Cory2679

[Cory2679 11]

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...

Edited April 14, 2011 by Cory2679

[Cory2679 11]

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...

Edited April 14, 2011 by Cory2679

[Mysticforex 13]

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.

[Cory2679 11]

Potential long on the EUR/USD...

 

UPDATE: Stop moved to break-even...

 

FINAL UPDATE: Taken out for break-even...

Edited April 25, 2011 by Cory2679

[Cory2679 11]

Potential long on the USD/JPY...

[Cory2679 11]

Potential long on the USD/JPY...

 

UPDATE: Order canceled...

[Cory2679 11]

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...

Edited April 25, 2011 by Cory2679

[GlassOnion 12]

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

Tes... also european Bank Holiday. True start if the trading week will be Tues London.

[Cory2679 11]

Potential EUR/USD long...

 

UPDATE: Order filled with a revised stop...

Edited April 26, 2011 by Cory2679

[Cory2679 11]

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...

Edited April 26, 2011 by Cory2679

[Cory2679 11]

Potential short on the EUR/USD...

 

UPDATE: Order canceled...

Edited April 26, 2011 by Cory2679

[Cory2679 11]

Potential EUR/USD long...

 

UPDATE: Order canceled...

Edited April 26, 2011 by Cory2679

[Cory2679 11]

Potential GU short...

 

UPDATE: No fill (my sell stop order was placed at 1.65546 with FXCM)...order canceled...

Edited April 27, 2011 by Cory2679