Reading Charts in Real Time

[Beachtrader 10]

Just watching this one as time of day and US Holiday wouldn't encourage me to trade it.

 

 

Kind regards

BT

[markot 10]

Why? What do you see?

 

In my opinion all time frames under H1 are irrelevant ,but that is my strategy .. I may be wrong

[thalestrader 14]

Just watching this one as time of day and US Holiday wouldn't encourage me to trade it.

 

I hear what you're saying Beachtrade. But the EURUSD looks very attractive to me for a long at these levels. I would not be surprised by a rally toward 1.4450 before the EU makes another try at lower lows. Any other day of the week and I would have no qualms about a 6E long.

 

Best Wishes,

 

Thales

[thalestrader 14]

In my opinion all time frames under H1 are irrelevant ,but that is my strategy .. I may be wrong

 

Have you read any of this thread before posting, or have you just wandered in from ET?

 

 

Best Wishes,

 

Thales

[markot 10]

Have you read any of this thread before posting, or have you just wandered in from ET?

 

 

Best Wishes,

 

Thales

 

 

No , i haven't ! But it is a statement of mine .

[thalestrader 14]

No , i haven't ! But it is a statement of mine .

 

Well, in the context of this thread your statement sounds rude. As a new TL member, you ought to extend us the courtesy of reading some of the thread before making your statements. Plenty of threads here and elsewhere though ... go find one that fits you better. This is not it.

 

Thank You,

 

Thales

[Cory2679 11]

Well, I guess I'm done for the day. Finished the day slightly down, but not too bad...insignificant, really (that's what I'm telling myself).

 

I'll just blaim it on the fact that today's a holiday. haha

 

-Cory

[BlowFish 10]

No , i haven't ! But it is a statement of mine .

 

Probably better of starting your own thread rather than just jumping into a random one that you have not even taken the trouble to ascertain what it is about.

[markot 10]

hmmm ... not a warm welcome i got here ! Although i ment no disrespect ,i simply had no time reading it .

Don't worry i wont be posting more .

[Cory2679 11]

One last look at the GU before I head out...

 

Since I'm not in it, I GUARANTEE this will be a full blown winner!

 

-Cory

[Cory2679 11]

One last look at the GU before I head out...

 

Since I'm not in it, I GUARANTEE this will be a full blown winner!

 

-Cory

 

Well, I just glanced at the charts...that GU trade, if I held it long enough, would have probably hit PT1...definitely not PT2.

 

I think with most of my trades today, I had the right idea (I usually got some movement in my direction)...just couldn't get any steam behind any moves...in either direction...could very well be because of the holiday, I don't know. It might be a good idea for me to merely observe on holidays, FOMC days, & NFP days for now.

Edited January 18, 2010 by Cory2679
typo

[thalestrader 14]

I didn't trade this (time of day, poor R/R) but here is how a GBPUSD long would look to me ...

 

 

Best Wishes,

 

Thales

[thalestrader 14]

... here is how a GBPUSD long would look to me ...

 

Couldawouldashoulda ...

 

 

 

 

 

Best Wishes,

 

Thales

[patrader 10]

240m 6B chart

[thalestrader 14]

Couldawouldashoulda ...

 

Couldawouldashoulda all over again ...

 

 

Best Wishes,

 

Thales

[jonbig04 10]

Here is my primary reason for the short, this level being major S/R before.

 

 

And some confirmation in the form of the 1-2-3

 

 

Note, in my entry I entered at 35.75, but only when 35.75 broke and made a lower low. It's a stop entry with a -1 offset.

[thalestrader 14]

Here is my primary reason for the short, this level being major S/R before...

 

And some confirmation in the form of the 1-2-3.

 

This is a good example of what I mean when I say the sequences (123's) start every trend change, and every trend can be viewed as a series of successively larger sequences (123's) until the trend ends with a sequence in the opposite direction.

 

 

Best Wishes,

 

Thales

[thalestrader 14]

... and every trend can be viewed as a series of successively larger sequences (123's) until the trend ends with a sequence in the opposite direction.

 

May or may not trigger ... may or may not resume the uptrend. If it triggers its going somewhere, but somewhere may not be very far ... then again ...

 

 

 

Best Wishes,

 

Thales

[thalestrader 14]

May or may not trigger ... may or may not resume the uptrend. If it triggers its going somewhere, but somewhere may not be very far ... then again ...

 

It did trigger, and so far, using basic fibs based on the initial size of the sequence, it has done more than the minimum you could expect (which is to say, it has done enough to satisfy any expectations one might have out of this particular long sequence).

 

 

 

Best Wishes,

 

Thales

Edited January 19, 2010 by thalestrader
typo

[jonbig04 10]

I hope it doesn't trigger! :rofl:

[mblack246 10]

Ending diagonal on EJ?

[patrader 10]

three push wedge on 15m 6B

[patrader 10]

[Marko23 10]

38% correction with EUR/USD

[thalestrader 14]

Looking at the EURUSD, you can see the change in character of the swings from choppy uptrend to sideways chop zone. A break either way out of the zone would have been a reasonable entry, i.e. long above or short below. Someone should have been able to make 100 ticks last night without too much emotional effort as the decline looks to have been very easy to sit through.

 

Best Wishes,

 

Thales