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thalestrader

Reading Charts in Real Time

By thalestrader, in General Trading

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jfw215    11

jfw215
Posted

Hi Cory,

 

You are one committed mofo... good stuff on the posts... i've been doing 123 (15m) also on the eu for almost 9months now... my pnl since live has been about BE for the last 2 months and finally took a up swing (doesn't mean it'll continue lol.. who knows) i gotta say this stuff is damn frustrating and only when i trade with ZERO expectation do i do well. not sure how your BE stops are doing.. i found that its best not to do it until a swing is completed. this is harder said then done due to the psych needs but at this point i am more infuriated with a BE tag out then with a full stop... good luck.. and keep fucking that chicken...

 

J

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Cory2679    11

Cory2679
Posted

Some shouldawouldacoulda on the EU...missed the upmove...marked 3 potential entries...just didn't see it clearly in real-time...

 

Haven't had any trades today...the later it gets, the less likely it is that I will...hopefully tomorrow goes better...

5aa71077d6314_EURUSD(15Min)5_16_2011.jpg.c3d30e53c880c3327f57f9d23f55e09f.jpg

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Cory2679    11

Cory2679
Posted (edited)

Potential EU short...

 

UPDATE: Stop at break-even...I like to be a little more aggressive with moving the stop the break-even when fading a sharp move like this...and price has more or less paused...

 

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

5aa71077dab4c_EURUSD(15Min)5_16_20112.jpg.1aea510e36e54ef26a8ba2790cbc034f.jpg

5aa71077df258_EURUSD(15Min)5_16_20113.jpg.1a5afe1ccd9479470be21822d2508d2e.jpg

5aa71077e4f94_EURUSD(15Min)5_16_20114.jpg.ed6e503001a535e0b523793188090a55.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted
Potential EU short...

 

UPDATE: Stop at break-even...I like to be a little more aggressive with moving the stop the break-even when fading a sharp move like this...and price has more or less paused...

 

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

 

POST-TRADE UPDATE: Eventually made it to PT1 without me...

5aa710780ce77_EURUSD(15Min)5_16_20112.jpg.296ec38e06ed77ba15b7b519862d9df2.jpg

5aa7107812458_EURUSD(15Min)5_16_20114.jpg.82add6f3e49ece68daa715389002caf4.jpg

5aa7107816d6f_EURUSD(15Min)5_17_20115.jpg.0f48b8458469bc39c0f51afdc12d8976.jpg

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Cory2679    11

Cory2679
Posted (edited)

Potential GU short...

 

UPDATE: Stop at break-even...price broke down, retraced to a little above my entry, then made a new low...

5aa710781b2e7_GBPUSD(15Min)5_17_2011.jpg.e84c1a7437fe67f9f098d495d93266fb.jpg

5aa710781fa2c_GBPUSD(15Min)5_17_20112.jpg.940e829accb44ed09a8ffe7a44357ca6.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted (edited)
Potential GU short...

 

UPDATE: Stop at break-even...price broke down, retraced to a little above my entry, then made a new low...

 

UPDATE 2: As price closes in on PT1, I've tightened the stop on the first half...

 

UPDATE 3: PT1 filled, stop for the second half at break-even...

5aa71078240a0_GBPUSD(15Min)5_17_2011.jpg.61f0c517d87450b0fb9ea485fad65e77.jpg

5aa7107828da3_GBPUSD(15Min)5_17_20112.jpg.ea8d1287eb58cfcebbe06df657f4d3cd.jpg

5aa710782d2ff_GBPUSD(15Min)5_17_20113.jpg.8afadc00a65fa512a8b31bdf390b93e4.jpg

5aa710783710a_GBPUSD(15Min)5_17_20114.jpg.2eccc591e076b75f4a76df901f8a4f93.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted

Shouldawouldacoulda short on the UJ...

 

No excuse for missing it...I even marked my chart ahead-of-entry...pretty much the sole reason I didn't take it was that I was too focused and too wrapped up in the excitement of the trade I was already in (and that I'm still in)...this is something I've always had trouble with...

5aa710783b65d_USDJPY(15Min)5_17_2011.jpg.7d42427def7f28d50360032fdd18f50b.jpg

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Cory2679    11

Cory2679
Posted (edited)
Potential GU short...

 

UPDATE: Stop at break-even...price broke down, retraced to a little above my entry, then made a new low...

 

UPDATE 2: As price closes in on PT1, I've tightened the stop on the first half...

 

UPDATE 3: PT1 filled, stop for the second half at break-even...

 

UPDATE 4: Moved stop down to lock in 1R on this trade...if it hits PT2 I make 2R, if I get stopped out I make 1R.

 

UPDATE 5: Stop moved down...

5aa710784083e_GBPUSD(15Min)5_17_2011.jpg.b401d0b01efeaf70ff4c0c2efbc46108.jpg

5aa71078454b8_GBPUSD(15Min)5_17_20112.jpg.662eb7aa8082c55f4bb57d67e5f005cc.jpg

5aa7107849cbb_GBPUSD(15Min)5_17_20113.jpg.f5d3b3a3eec09199ebdb2a2a71124c79.jpg

5aa710784e328_GBPUSD(15Min)5_17_20114.jpg.b1fe956c216826f333604842b30948f6.jpg

5aa7107852a88_GBPUSD(15Min)5_17_20115.jpg.797b02236a83bbb07f380d90d85d5229.jpg

5aa7107857347_GBPUSD(15Min)5_17_20116.jpg.4ec0599edfba827ab78ae677efd4fc51.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted
Potential GU short...

 

UPDATE: Stop at break-even...price broke down, retraced to a little above my entry, then made a new low...

 

UPDATE 2: As price closes in on PT1, I've tightened the stop on the first half...

 

UPDATE 3: PT1 filled, stop for the second half at break-even...

 

UPDATE 4: Moved stop down to lock in 1R on this trade...if it hits PT2 I make 2R, if I get stopped out I make 1R.

 

UPDATE 5: Stop moved down...

 

FINAL UPDATE: Moved my stop down a couple times since my last update and was taken out...

5aa710785cd40_GBPUSD(15Min)5_17_2011.jpg.b4f155f2d4a56d69499a280d42e2afa5.jpg

5aa7107863d12_GBPUSD(15Min)5_17_20117.jpg.e7b102f3ed045ac2e851d2818208c6cd.jpg

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Cory2679    11

Cory2679
Posted (edited)
Currently long the UJ...

 

UPDATE: Stop moved up...

 

UPDATE 2: Stop now at break-even...

 

UPDATE 3: Stop on the first half moved up, stop on the second half still at break-even...

 

UPDATE 4: First half filled at profit, second half remaining with a break-even stop...

5aa7107945985_USDJPY(15Min)5_18_2011.jpg.12efde22b5f3fdd956f7b931c87ac4ae.jpg

5aa710794a4d1_USDJPY(15Min)5_18_20112.jpg.b4ad17e986d3c0c7d592d865e88a0b13.jpg

5aa710794f13c_USDJPY(15Min)5_18_20113.jpg.65a367abee703c1a8ada34cf8d3e67f4.jpg

5aa7107953cc1_USDJPY(15Min)5_18_20114.jpg.bb8d736235fd045d37568f7c7cf39b15.jpg

5aa710795810e_USDJPY(15Min)5_18_20115.jpg.1000f0a63165e56bc92240c0cf7d19eb.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted (edited)
Currently long the UJ...

 

UPDATE: Stop moved up...

 

UPDATE 2: Stop now at break-even...

 

UPDATE 3: Stop on the first half moved up, stop on the second half still at break-even...

 

UPDATE 4: First half filled at profit, second half remaining with a break-even stop...

 

UPDATE 5: Stop moved up...

 

UPDATE 6: Up again...

 

UPDATE 7: I've got to leave now and I won't be back for 6-7 hours...I'm just going to leave it how it is...I have my fingers crossed! :)

5aa71079724a9_USDJPY(15Min)5_18_2011.jpg.1e1fc8693d80392d40e8ea5c63c2c427.jpg

5aa7107978bda_USDJPY(15Min)5_18_20112.jpg.2a816fe646132f534718884403aaed14.jpg

5aa710797d1cc_USDJPY(15Min)5_18_20113.jpg.86ea5bfb3d79e684c60277f4b853fb8e.jpg

5aa710798188d_USDJPY(15Min)5_18_20114.jpg.206840f27ee0fc709895322140f8a6cc.jpg

5aa710798638a_USDJPY(15Min)5_18_20115.jpg.7ae744fe6f7f95251a4f912fc717cc90.jpg

5aa710798c335_USDJPY(15Min)5_18_20116.jpg.5b061b08b2ac91893c6cfc8ee5b82723.jpg

5aa710799e5a9_USDJPY(15Min)5_18_20117.jpg.4cab8f4dcc48170c2825746560b23ca3.jpg

5aa71079ae01f_USDJPY(15Min)5_18_20118.jpg.06c1eb0ada9d8831e11f86c7d2e3087e.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted
Currently long the UJ...

 

UPDATE: Stop moved up...

 

UPDATE 2: Stop now at break-even...

 

UPDATE 3: Stop on the first half moved up, stop on the second half still at break-even...

 

UPDATE 4: First half filled at profit, second half remaining with a break-even stop...

 

UPDATE 5: Stop moved up...

 

UPDATE 6: Up again...

 

UPDATE 7: I've got to leave now and I won't be back for 6-7 hours...I'm just going to leave it how it is...I have my fingers crossed! :)

 

FINAL UPDATE: Price eventually made it to PT2, but I got taken out a little before that...I actually was able to access my fxcm account earlier today and I squeezed my stop tight as price closed in on PT2...

5aa7107a2af62_USDJPY(15Min)5_18_20119.jpg.493aaf92ecb373b2dac5b39ae56bdc09.jpg

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Cory2679    11

Cory2679
Posted
Potential UJ short...

 

UPDATE: Stop moved down...not quite the price action I was hoping for...I was hoping for a repeat of the sharp downmove that preceded my entry...oh well...

5aa7107a57a83_USDJPY(15Min)5_19_2011.jpg.84907d08226df4bbfa3722e84cce4116.jpg

5aa7107a5c33d_USDJPY(15Min)5_19_20112.jpg.df0004ff8251a20e20e264541b7798c2.jpg

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Cory2679    11

Cory2679
Posted
Potential UJ short...

 

UPDATE: Stop moved down...not quite the price action I was hoping for...I was hoping for a repeat of the sharp downmove that preceded my entry...oh well...

 

UPDATE 2: Stop moved to break-even. I'm heading out now so I'll be leaving it like this...it'll be all or nothing...

5aa7107a60818_USDJPY(15Min)5_19_2011.jpg.9c5904565c566d886b1d5fb176cd3074.jpg

5aa7107a65054_USDJPY(15Min)5_19_20112.jpg.f183eb6e2eb872850acfadcaa6a33ee6.jpg

5aa7107abe91c_USDJPY(15Min)5_19_20113.jpg.e64fbe35321b350c463395f4739118b2.jpg

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Cory2679    11

Cory2679
Posted (edited)
Potential UJ short...

 

UPDATE: Stop moved down...not quite the price action I was hoping for...I was hoping for a repeat of the sharp downmove that preceded my entry...oh well...

 

UPDATE 2: Stop moved to break-even. I'm heading out now so I'll be leaving it like this...it'll be all or nothing...

 

FINAL UPDATE: Taken out for break-even.

 

Price came within 1.6 ticks of my profit target and subsequently worked its way back to take me out at break-even!

 

What really makes me mad about this trade is that I could have been actively managing it...when price got within 1.6 ticks of my PT, I would have squeezed my stop tight and gotten at least 1R out of this trade.

 

But I wasn't around to actively manage it...because I was out to eat!...not working, not at anything that was mandatory...I chose to go out to eat...nothing special, just a routine dinner, more or less...

 

Oh well...on the bright side it was a good call and a solid entry... :) I'm just going to learn from it and move on...

5aa7107aed068_USDJPY(15Min)5_19_20114.jpg.ec7b8732a193094ed723f8307864d0d0.jpg

Edited by Cory2679
forgot chart

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Cory2679    11

Cory2679
Posted

Well, it's a little early but I think I'm gonna call it a week...I'm actually in the middle of mowing the lawn (and trying to monitor my charts at the same time!). I had a pretty good week!

 

attachment.php?attachmentid=24690&d=1305907684

 

Still much room for improvement. Plus, I've gotten on a little bit of a winning streak (relative to the prior few weeks), so I need to make sure my head stays screwed on straight...in the past when that's happened, I'll often begin to feel as if I can't lose and start taking less-than-ideal setups...it doesn't end well. I also have to make sure I don't get paralyzed from fear about giving back what I've made...I've been ok so far, though...I was able to take that last USD/JPY short trade without any problem.

 

Have a good weekend!...I know I will! I'll be seeing the Blue Angels on Saturday and riding in a hot air balloon on Sunday! :)

 

Cory

Capture.JPG.404c36d5e7902a2d6bddc7721933e09d.JPG

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