Reading Charts in Real Time

[todds 10]

I only took two trades this week on the 15 min time frame using the methods common to the "Reading charts..." threads. One was posted and one was not posted. Both lost .79R for a total of -1.58R for the week(thankfully in sim!). I missed several good trades including a nice long on USD/CAD this morning.

 

Oh well, onward and upward!

[Cory2679 11]

Shouldawouldacoulda on the EU (along with similar opportunity on some other pairs)...

Edited May 9, 2011 by Cory2679

[Cory2679 11]

Potential UJ long...

 

UPDATE: Stop moved up...

 

FINAL UPDATE: Taken out...probably should have stuck to the sidelines seeing as we're in something of a "chop zone" on the UJ. I think I was a little desperate for a trade and reached a little bit after missing the great move on the EU I posted. Not a good start to the week...I hope I can hold it together emotionally!

Edited May 9, 2011 by Cory2679

[Cory2679 11]

Potential UJ long...

 

UPDATE: Stop moved up...

 

FINAL UPDATE: Taken out...probably should have stuck to the sidelines seeing as we're in something of a "chop zone" on the UJ. I think I was a little desperate for a trade and reached a little bit after missing the great move on the EU I posted. Not a good start to the week...I hope I can hold it together emotionally!

 

POST-TRADE UPDATE: Coulda been worse...

[todds 10]

I'm looking at this EUR/USD short. If it gets there I might take everything off at the bottom

 

Update: order canceled. It broke the highs and I also didn't realize I was on a 5 min time frame. I will still be looking for an entry point on the 15 min chart

Edited May 9, 2011 by todds

[todds 10]

Potential USD/JPY long

 

Update: Broke lows, canceled order

Edited May 9, 2011 by todds

[todds 10]

Potential EUR/USD short

 

Update: broke highs, canceled order

Edited May 9, 2011 by todds

[Cory2679 11]

Currently short the UJ...

 

UPDATE: Stop moved down a little...

Edited May 10, 2011 by Cory2679

[Cory2679 11]

Currently short the UJ...

 

UPDATE: Stop moved down a little...

 

UPDATE: Stop moved down again...

 

FINAL UPDATE: Taken out...

Edited May 10, 2011 by Cory2679

[Cory2679 11]

Now long the UJ...not a great start...

 

UPDATE: Stop moved up a little...

 

UPDATE 2: Stop moved up a tiny bit more...I've lost all hope for this one, but hangin' in there...

Edited May 10, 2011 by Cory2679

[Cory2679 11]

Now long the UJ...not a great start...

 

UPDATE: Stop moved up a little...

 

UPDATE 2: Stop moved up a tiny bit more...I've lost all hope for this one, but hangin' in there...

 

FINAL UPDATE: Finally got a little movement...PT1 filled for the first half, second half was taken out at break-even...(I know it doesn't look like the 2nd half was taken out at break-even on my ninja chart...that is thanks to the large FXCM spread, adding a tick to either side of my "risk zone," etc.)

[todds 10]

Potential Short on AUD/USD

[todds 10]

Potential CAD/JPY short.

 

Update: Whoops, I accidentally posted a chart of EUR/JPY which I was also watching. The CAD/JPY trade triggered than stopped out at full -1.00R loss. Chart attached.

Edited May 10, 2011 by todds

[Cory2679 11]

Potential USD/JPY short...

 

UPDATE: Blah...order canceled...looks choppy/messy...the whole day has been choppy/messy...that's it for me today...

Edited May 10, 2011 by Cory2679

[todds 10]

Potential Short on AUD/USD

 

Update: Moved stop and was stopped out for a -0.63R loss

[Cory2679 11]

Now long the UJ...not a great start...

 

UPDATE: Stop moved up a little...

 

UPDATE 2: Stop moved up a tiny bit more...I've lost all hope for this one, but hangin' in there...

 

FINAL UPDATE: Finally got a little movement...PT1 filled for the first half, second half was taken out at break-even...(I know it doesn't look like the 2nd half was taken out at break-even on my ninja chart...that is thanks to the large FXCM spread, adding a tick to either side of my "risk zone," etc.)

 

POST-TRADE UPDATE: Went on and made it to PT2 without me...

[Cory2679 11]

Currently short the EJ...not looking so good...

 

UPDATE: Stop moved down...

 

UPDATE 2: Stop at break-even...

Edited May 11, 2011 by Cory2679

[Cory2679 11]

Currently short the EJ...not looking so good...

 

UPDATE: Stop moved down...

 

UPDATE 2: Stop at break-even...

 

UPDATE 3: PT1 filled, stop for the second half currently at break-even...I just adjusted PT2 on the chart...I had placed it a hair higher than I meant to on the previous charts...

 

UPDATE 4: Stop moved to PT1...

Edited May 11, 2011 by Cory2679

[Cory2679 11]

Currently short the EJ...not looking so good...

 

UPDATE: Stop moved down...

 

UPDATE 2: Stop at break-even...

 

UPDATE 3: PT1 filled, stop for the second half currently at break-even...I just adjusted PT2 on the chart...I had placed it a hair higher than I meant to on the previous charts...

 

UPDATE 4: Stop moved to PT1...

 

FINAL UPDATE: PT2 filled...over 100 ticks on the second half!

[Cory2679 11]

Potential long on the UJ...

[Cory2679 11]

Potential long on the UJ...

 

UPDATE: Taken out for break-even...

[Cory2679 11]

Potential long on the UJ...

 

UPDATE: Taken out for break-even...

 

POST-TRADE UPDATE: Glad to have been taken out for break-even!

[Cory2679 11]

Shouldawouldacoulda long on the EU...

 

I saw the "123" but didn't consider it for a trade because first, the entry was basically a tick or two below a level of resistance I had drawn (dashed red line), and secondly because I'm generally hesistant to take longs in a downtrend (I considered recent PA a downtrend)...however, I guess we were at a decent level of support, etc. A long would have been a worthwhile trade! Oh well.

[Cory2679 11]

Shouldawouldacoulda short on the EU...although had I been in it, I bet I would have had a hard time with the way it started out...I'm too quick to bail sometimes...

 

No excuse for missing this, really. Nice entry, nice overarching downtrend, etc. The reason i didn't take it is because earlier price looked a little sleepy, it's a Friday, and the economic news was all done, etc., so I basically wrote the day off because I was thinkining that there was little-to-no chance for a directional move by that point. :doh:

 

I'm guessing I'm done for the week now, but I will continue to observe for the next couple of hours before I call it a week and post an end-of-the-week update.

Edited May 13, 2011 by Cory2679

[Cory2679 11]

Well, the week's over...consistent with my recent modus operandi, I again posted every single trade to the thread this week and picked up where I left off last week with my real/live FXCM Micro account. I was slightly up for the week...

 

 

Not much new to say...still learning, still practicing, etc. Tomorrow morning I'm going to take some time to carefully review my posts from the last 3 weeks and to maybe do some reading/refreshing of the (original) thread.

 

Cory