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thalestrader

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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... :)

GU15M.JPG.10be285272b1d4e6455281403bfb88eb.JPG

Edited by Cory2679

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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

5aa70fa01ed06_2010-01-12GBPUSD2.thumb.jpg.fc0d165e662ea291da03aeba3d158807.jpg

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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

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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!

3.png.35fe4296a867e9c4db623cf9a9df5389.png

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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

EU15M.JPG.5ff8d3ef1f76c012c12b3da0857d0446.JPG

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

attachment.php?attachmentid=17629&stc=1&d=1263322700

 

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.

attachment.php?attachmentid=17634&stc=1&d=1263325956

nq1.jpg.bcc9947728ac3cbfaa62ea9a1e1fad08.jpg

nq2.jpg.5f32163ca69341f1fce5589c07f04e7c.jpg

Edited by forrestang

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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

EU15M2.JPG.2700200fc09f7a86d5e3d6c1ba354a92.JPG

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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

EU15M3.JPG.86adb815e9b3c30a167c9f5e628ccb48.JPG

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

attachment.php?attachmentid=17629&stc=1&d=1263322700

 

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.

attachment.php?attachmentid=17634&stc=1&d=1263325956

 

Target Hit! Out 59 :cool:

attachment.php?attachmentid=17635&stc=1&d=1263326480

nq3.jpg.6d42e31fbbf9eb82ee3ed56f230ebbff.jpg

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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

5aa70fa10c67a_2010-01-12GBPUSD4.thumb.jpg.52b8a4d92c13a1477b3a6b337c20bff2.jpg

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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...

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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

tl-20.thumb.png.894d5c964e8fc8ea48a81b623c25c1b1.png

tl-21.thumb.png.06c9b7e57b0ab068972f0712416a9424.png

tl-22.thumb.png.d0f42d1a72c0835bd7f92c413c16bfa9.png

Edited by Marko23

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