Reading Charts in Real Time

[Cory2679 11]

This current short sequence is tempting, though..

 

I'll pass...considering what you were saying and what I said above, if I took this trade I'd want to actively manage it, and I'm tired...if it were the same thing and price was at the red line, I'd probably feel comfortable enough leaving it overnight.

 

It's pausing on the decline...it may just continue upward without filling a short order. anyway.

[jonbig04 10]

I exited for the 15 min between RTH and globex (broker requirement), but will be getting back in at the same spot, with the same stop when trading resumes in 10 minutes or so.

 

Click for full size - Uploaded with plasq's Skitch

 

Oh I know it's not "real time" haha. For the first few minutes after entering, the last thing I'm thinking about is posting it. If it's not real time enough feel free to ignore me! No hard feelings.

 

 

Sorry guys, forgot to mark where my stop was and where I executed the sequence.

 

Click for full size - Uploaded with plasq's Skitch

[patrader 10]

15m 6E chart

[Marko23 10]

EUR/USD: Trend is up

 

At targets

Edited February 3, 2010 by Marko23
Targets reached

[Marko23 10]

EUR/USD: decent 5th segment

 

2nd and 3th target reached

 

Parabolic move up

Edited February 3, 2010 by Marko23
Update

[Marko23 10]

EUR/USD: trend is up

 

Stopped for this obvious reason, errors do happen!

This was a -1R event and my stupid error.

 

80% may be enough.

Edited February 3, 2010 by Marko23
Update

[DugDug 10]

AUDUSD

Also coming off yesterdays high.

 

[DugDug 10]

Resistance near old highs from a few days ago as well

(given everytime i have tried this of late its cost me - possibly go the opposite way )

 

[Marko23 10]

Resistance near old highs from a few days ago as well

(given everytime i have tried this of late its cost me - possibly go the opposite way )

 

 

No new high, no new low; could become chop mode.

[DugDug 10]

thanks Marko - when you say no new low, where would I expect this...

I would have thought the lower donchian channel was the new low, and the lower highs was the important thing.

I ask as in trying to follow a few of these ideas, - figure its been easy for me to miss a few simple nuances

[Marko23 10]

thanks Marko - when you say no new low, where would I expect this...

I would have thought the lower donchian channel was the new low, and the lower highs was the important thing.

I ask as in trying to follow a few of these ideas, - figure its been easy for me to miss a few simple nuances

 

The low border of DC should have fallen instead of risen.

Perhaps Thales could comment on this, maybe I don't understand his definition of chop mode completely.

Edited February 3, 2010 by Marko23

[Marko23 10]

This happens when I think too much over wave proportions.

 

The down move had a clear signal, albeit against the up trend.

 

EUR/USD had something for everybody

Edited February 3, 2010 by Marko23

[thalestrader 14]

Hi Folks,

 

I'm getting a late start today as we had just enough snow overnight to cause some nuisance (though I prefer snow to no snow this time of yer).

 

At any rate, here is a short sequence on the 6E thatI was not here to take advantage of, but this is how I would like to think I would have approached it had I been in early.

 

Best Wishes,

 

Thales

[thalestrader 14]

Looking at crude,either of the blue lines would have been reasonable short entries in my opinion. First picture shows a bit longer view, second zooms in on the short entries.

 

Best Wishes,

 

Thales

[Cory2679 11]

The down move had a clear signal, albeit against the up trend.

 

It was against the up trend, but it was at an area of major resistance. I was waiting for that trade...I didn't realize it'd get there so fast from last night, though!

 

...major red resistance line I've drawn...a short sequence at that red line would be very nice.

[thalestrader 14]

6B presented a short opportunity similar to the 6E. Again, all after the fact as I am just now gettin at it and taking a look at where we are.

 

 

Best Wishes,

 

Thales

Edited February 3, 2010 by thalestrader

[thalestrader 14]

6J did not seem to present a decen short sequence as it declined to first support, and now it seems as though it is perhaps deciding to rally without giving us the benefit of a decent long sequence first.

 

Best Wishes,

 

Thales

[thalestrader 14]

Here is the current ES, 60 and 15 minutes views, showing my preferred entry point in blue. This is Jonbig's trade, though Jon's style is to enter much closer to resistance for a more favorable entry than I in terms f location to risk point. Again, no trades this morning yet for me, as I am just trying to locate where price is on the markets I trade. I would hope that the expert lurkers would at least agree that part of reading charts in real time is identifying whether or not price is at S/R or if is in the middle of nowhere and travelling to its next S/R rest area.

 

 

 

Best Wishes,

 

Thales

[Marko23 10]

EUR/USD 4h chart

 

[DugDug 10]

Cut last short in FESX at BE,

I figure this should have accelerated down..... it may, however the next larger move may be to the upside, if this ABC forms into a range, with upside potential above the highs at B.

blue line is not yet set, as there might be a better early trigger.

 

Plus early AUDUSD short was good - took profits at 8820.

 

[jonbig04 10]

Click for full size - Uploaded with plasq's Skitch

 

 

Out BE. Sorry for the million arrows. I accidentally hit the buy button when I got back in at 4:30EST ha.

[thalestrader 14]

Sorry for the million arrows.

 

According to the Lurking NinjaExperts, the more arrows the better.

 

Best Wishes,

 

Thales

[thalestrader 14]

Current look at the 6E ...

 

 

Best Wishes,

 

Thales

[thalestrader 14]

Current look at the 6E ...

 

The long 6E/EURUSD never triggered, and instead, price is duking it out with the trendline that was shown here last night, and price has currently landed more blows than the trendline as it is now trading below it.

 

Best Wishes,

 

Thales

[Marko23 10]

EUR/USD: impulsive move down

 

62% zone erased, 1h chart, count to five

Edited February 3, 2010 by Marko23