Reading Charts in Real Time

[Cory2679 11]

GU: Watching for a short now or maybe around the 1.6235ish level...

 

EDIT: Sorry, didn't realize Thales had just made a post about the GU...

Edited January 12, 2010 by Cory2679

[thalestrader 14]

GBPUSD looks like its caught in the middle of a giant game of chicken.

 

... but they're not selling it, yet. So the bulls have the upper hand, for now. Almost looks like pre-launch. I'll buy a break to new highs or sell a 123. My stop on a long would go below wherever this pullback finds a low.

 

Best Wishes,

 

Thales

[thalestrader 14]

GU: Watching for a short now or maybe around the 1.6235ish level...

 

EDIT: Sorry, didn't realize Thales had just made a post about the GU...

 

You're allowed to post, too, Cory. I don't have a monopoly on this thread.

 

Best Wishes,

 

Thales

[Cory2679 11]

You're allowed to post, too, Cory. I don't have a monopoly on this thread.

 

Oh, I know. I just try to avoid redundant posts.

[india quant 10]

bellow 39

may catch momentum downside

[fxThunder 10]

Watching this short setup on GU.

[india quant 10]

lacking momentum

anyway chart update

[daedalus 10]

I only got one measly signal today that stalled when I was in it and I bailed with a tick of profit before a fairly tiny pop (but enough to get 2:1).... slow freaking start to the week. Hopefully it picks up.

 

Cheers!

[india quant 10]

dax30

closed anyway

got some swing atleast

[Cory2679 11]

I'm done for the day...not trading this...but looks like a potential long opportunity on the EU...

 

(EDIT: I watch the 15 minute, but I posted this 5 minute chart so it was easier to see the action I was seeing in real-time.)

 

-Cory

[forrestang 10]

REAL TIME Long NQ, might be chasing a ghost again. Tgt may change on the fly.

 

Update---(14:16EST)

Momentum appears to be dying out and may have extended as far as it is going to at least temporarily. Looking to give it one more move/attempt up before really tightening stop.

 

Update---(14:52EST)

@ BE now(blue line), I'm done with this thing. Will update.

Edited January 12, 2010 by forrestang

[Cory2679 11]

I'm done for the day...not trading this...but looks like a potential long opportunity on the EU...

 

(EDIT: I watch the 15 minute, but I posted this 5 minute chart so it was easier to see the action I was seeing in real-time.)

 

-Cory

 

I stepped away for a bit to get ready to go, and I came back to this on the 5 min chart. Not really going anywhere. Well, whatever, I didn't take it.

 

I'm out of here...be back tomorrow morning.

 

I'm going to try my hardest to get my butt out of bed early! I've been on at 9:30 AM EST the last couple days...my goal is 7:30!!!

 

As a matter of fact...I'm not going to just try, I'm going to "do." See you at 7:30!!

 

-Cory

[Cory2679 11]

There still may be a long opportunity on the EU, yet!

 

My other post may have been premature.

 

However, if it breaks the low, I've marked 3 levels that I see as potential support.

 

You could potentially short and ride it down to those levels, but I'd be apt to wait for a long opportunity at one of them.

 

I won't be watching this in real-time (or trading it)...just thought I'd make one final post.

 

-Cory

[forrestang 10]

REAL TIME Long NQ, might be chasing a ghost again. Tgt may change on the fly.

 

Update---(14:16EST)

Momentum appears to be dying out and may have extended as far as it is going to at least temporarily. Looking to give it one more move/attempt up before really tightening stop.

 

Update---(14:52EST)

@ BE now(blue line), I'm done with this thing. Will update.

 

Target Hit! Out 59

[fxThunder 10]

Man, I have been tempted to pull the plug on this trade about 1000 times but stayed true to my plan.

 

Finally, stop moved...

 

Cheers,

eNQ

[thalestrader 14]

I have been tempted ...

 

I took the short on the 6E (EURUSD) as it triggered first. As for the 6B (GBPUSD shown here) I am not interested in longs unless it moves above the recent highs, or pulls back towards the recent lows. Right now, I would be interested in the following opportunity to go short of it. Yesterday's 100 tick try resulted in a break even effort after having been up +55 ticks. This may very well turn out the same, or worse.

 

Best Wishes,

 

Thales

[thalestrader 14]

EURUSD current look ... perhaps ready to make another leg down off the today's high.

 

Best Wishes,

 

Thales

[thalestrader 14]

Can you name that pattern?

 

 

 

Best Wishes,

 

Thales

[Marko23 10]

2 Short chances with EUR/USD

[Marko23 10]

2 Short chances with EUR/USD

 

Support or next entry

 

ADD: next entry

 

ADD: at 1st target

Edited January 13, 2010 by Marko23

[Marko23 10]

Switched to Long, may become choppy.

 

ADD: Stop at break even.

 

ADD: Flat, don't want to remain in a chop zone.

Edited January 13, 2010 by Marko23

[motion100 10]

long cable possibility. not sure about trading at resistance level?

[motion100 10]

long entry setup for Gold. continuation coming out of overnight chop zone above support.

Edited January 13, 2010 by motion100

[DaKine 10]

long entry setup for Gold. 1-2-3 coming out of overnight chop zone above support.

 

I dont believe this is a 123 that is discussed often in this thread that would just be a continuation trade. A 123 in the Trader Vic / Thales sense is a reversal trade...

[Marko23 10]

Missed that Long continuation with EUR/USD, may have thought too much about a possible chopzone.

 

ADD: 1st target reached.

 

ADD: new 2 day high

Edited January 13, 2010 by Marko23