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thalestrader

Reading Charts in Real Time

By thalestrader, in General Trading

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Cory2679    11

Cory2679
Posted (edited)

Potential long on the UJ with two ambitious profit targets...

 

UPDATE: Stop moved up...

 

UPDATE 2: I moved my stop up a tiny bit more a couple times...expecting to get taken out...

5aa7106f9aec5_USDJPY(15Min)4_27_2011.jpg.d655608a144fcad1b64a78da55a166ec.jpg

5aa7106fa5aff_USDJPY(15Min)4_27_20112.jpg.4a30a3343ca3f2ea1986148e6d94d974.jpg

5aa7106faa075_USDJPY(15Min)4_27_20113.jpg.6d45ba3ba2b0960b5fb1898e18d92cec.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted
Potential long on the UJ with two ambitious profit targets...

 

UPDATE: Stop moved up...

 

UPDATE 2: I moved my stop up a tiny bit more a couple times...expecting to get taken out...

 

FINAL UPDATE: Taken out...

5aa7106faeae9_USDJPY(15Min)4_27_2011.jpg.c6668eb79e4e216df59ac318d12fe864.jpg

5aa7106fb34fc_USDJPY(15Min)4_27_20112.jpg.773e53424b4386d5b97b619486b88cee.jpg

5aa7106fb7abe_USDJPY(15Min)4_27_20113.jpg.8ace26d9287c31a334c7df81ef5215ea.jpg

5aa7106fbc405_USDJPY(15Min)4_27_20114.jpg.ad38a8e27619bc706b7a36d77200cd98.jpg

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Cory2679    11

Cory2679
Posted (edited)

Re-entered long on the UJ...

 

UPDATE: Stop moved up...

 

UPDATE: Stop now at break-even on the re-entry...

 

FINAL UPDATE: Re-entry taken out for break-even...

5aa7106fc06a2_USDJPY(15Min)4_27_20115.jpg.b7df7d239d5add229a9530c92b8d2625.jpg

5aa7106fc56d4_USDJPY(15Min)4_27_20116.jpg.43b1873c892508bc2c1b3d4d4b8c708f.jpg

5aa7106fc9e95_USDJPY(15Min)4_27_20117.jpg.380ff5a72f961f8baffe6a2745edc3ef.jpg

5aa7106fce11a_USDJPY(15Min)4_27_20118.jpg.40b14c31a6bd6818a2bd9148b797c9d3.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted (edited)

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...

5aa710702ae1a_GBPUSD(15Min)4_28_2011.jpg.2dc9e8ca5150ef690cf0df728ceddb9a.jpg

5aa710702f568_GBPUSD(15Min)4_28_20112.jpg.0938ede136d1d240c30d4bf2ab657565.jpg

5aa7107033bcf_GBPUSD(15Min)4_28_20113.jpg.345b0e94b61ca4f4b29765463c997f53.jpg

5aa710709e666_GBPUSD(15Min)4_28_20114.jpg.be9e69472aa5ba4a4139973330e39097.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted (edited)
Potential EJ short...

 

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

 

FINAL UPDATE: Taken out for break-even.

5aa71070a3328_EURJPY(15Min)4_28_2011.jpg.04b98c581ad9900e17bbf37d79aa8e49.jpg

5aa71070a7b52_EURJPY(15Min)4_28_20112.jpg.881eaa3ff076c291eedf47c9f1dd397a.jpg

5aa71070abca2_EURJPY(15Min)4_28_20113.jpg.973bfa534bb860599f3d4ae887a7312b.jpg

Edited by Cory2679

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MidKnight    12

MidKnight
Posted

Hey Cory,

 

You must have a few hundred trades under your belt with this approach by now. Have you taken the time to review your trades and how the BE rule is affecting the results? I'm just curious.

 

With kind regards,

MK

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Cory2679    11

Cory2679
Posted
Hey Cory,

 

You must have a few hundred trades under your belt with this approach by now. Have you taken the time to review your trades and how the BE rule is affecting the results? I'm just curious.

 

With kind regards,

MK

 

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

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MidKnight    12

MidKnight
Posted

I like to keep selling euro's for the next few days as this zone gets reactions - this is my context that will frame trades until this zone is either broken or a decent reaction has occurred.

MK_2011-04-29_022557.png.bfb4ed695e21d1d07ca8da88f7b25212.png

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BlowFish    10

BlowFish
Posted
Hey Cory,

 

You must have a few hundred trades under your belt with this approach by now. Have you taken the time to review your trades and how the BE rule is affecting the results? I'm just curious.

 

With kind regards,

MK

 

You know the same thing occurred to me. I think Thales is a pretty aggressive stop tightener but if you squeeze too tight you can strangle the golden goose.

 

If I remember correctly (from how ever many hundred pages ago) Thales would generally wait for price to make a swing high/low to bring his stop down behind unless price had moved a 'good' distance without retracing in which case he would arbitrarily lock in some profit.

 

Incidentally Cory, good job keeping going what is possibly the only thread posting charts let alone live charts!!

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todds    10

todds
Posted
Also looking at this GBP/CAD short

 

revised 1st profit target to capture 1R and moved stop but was taken out on the wide spread for small profit.[ATTACH]24353[/ATTACH]

5aa71070d02fb_2011-04-28-TOS_CHARTS.pngGCA15min.thumb.png.f2474b55066e4744609bc905fa263f70.png

5aa71070daae2_2011-04-28-TOS_CHARTS.pngGCA15min.pngfinal.thumb.png.06436b5743ec14b11087eb2ef2f9a54c.png

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Cory2679    11

Cory2679
Posted (edited)

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...

5aa71070de6d2_EURUSD(15Min)4_28_2011.jpg.cd77987e45e568ddaef586261ffce349.jpg

5aa71070e2a1d_EURUSD(15Min)4_28_20112.jpg.3da8f24b433220a94a45ceaf7a63c19e.jpg

5aa71070e6e82_EURUSD(15Min)4_28_20113.jpg.37cad5491a5f6cbdcf5c305f916afd1b.jpg

5aa71070eb0b9_EURUSD(15Min)4_28_20114.jpg.076271b40077029a7c4a86908bac225d.jpg

Edited by Cory2679

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todds    10

todds
Posted

Also looking at EUR/USD for similar reasons to GBP/USD. It is not a 123 trade because of the lower low but I sometimes see price clean out these swings then reverse.

5aa71071073a8_2011-04-28-TOS_CHARTS.pngEU15min.thumb.png.3532d87e09d4397ffe4422c3950a8caf.png

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todds    10

todds
Posted (edited)
Looking at this long on GBP/USD. Time of day is not ideal but I like the support it is coming off of.

 

UPDATE: Moved stop in case of a 123 the other way

 

UPDATE: taken out

5aa710711097e_2011-04-28-TOS_CHARTS.pngGU15min.thumb.png.b839779e89618cb52b4c8989684e2e2c.png

5aa710711c5fb_2011-04-28-TOS_CHARTS.pngGU15min.pngmovestop.thumb.png.276092f6cb3eabbcbdeb79cb33ec6a5b.png

5aa7107125d4d_2011-04-28-TOS_CHARTS.pngGU15min.pngfinal.thumb.png.77bd4f2a385de8808e0f28dbd7635b54.png

Edited by todds

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todds    10

todds
Posted
Also looking at EUR/USD for similar reasons to GBP/USD. It is not a 123 trade because of the lower low but I sometimes see price clean out these swings then reverse.

 

UPDATE: 1st profit target hit, trailing stop

5aa710712ed44_2011-04-28-TOS_CHARTS.pngEU15min.thumb.png.aec6f2e830595dcd98313a492f859558.png

5aa710713891e_2011-04-28-TOS_CHARTS.pngEU15min.png1stprofit.thumb.png.f33883a8bea11e454852a44089b9ed77.png

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todds    10

todds
Posted
Potential EU short...

 

Cory, I was looking at the same one but your dashed line representing a potential support area concerned me a bit. Will you move to BE when it gets there?

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Cory2679    11

Cory2679
Posted
Cory, I was looking at the same one but your dashed line representing a potential support area concerned me a bit. Will you move to BE when it gets there?

 

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

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