Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

thalestrader

Reading Charts in Real Time

Recommended Posts

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

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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 by Cory2679
typo

Share this post


Link to post
Share on other sites

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

 

attachment.php?attachmentid=17961&stc=1&d=1263868179

 

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

 

attachment.php?attachmentid=17962&stc=1&d=1263868179

 

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.

ghtt.png.4738dc200f3a469784da6c5775c8aac8.png

fgt.png.c8f78d9a626eefe4a592693fa0ebd83d.png

Share this post


Link to post
Share on other sites
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.

 

attachment.php?attachmentid=17963&stc=1&d=1263869226

 

Best Wishes,

 

Thales

5aa70faa2844e_2010-01-18ES1.thumb.jpg.8db060e4d6004515edcab4426c420817.jpg

Share this post


Link to post
Share on other sites
... 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 ...

 

attachment.php?attachmentid=17964&stc=1&d=1263872983

 

 

Best Wishes,

 

Thales

5aa70faa2d86c_2010-01-18ES2.thumb.jpg.73fd7a9214b109ec9a23f451361964a1.jpg

Share this post


Link to post
Share on other sites
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).

 

attachment.php?attachmentid=17965&stc=1&d=1263873408

 

 

Best Wishes,

 

Thales

5aa70faa332fd_2010-01-18ES3.thumb.jpg.da17d9d9bde3ecfc1f39ee856bfb3c18.jpg

Edited by thalestrader
typo

Share this post


Link to post
Share on other sites

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

5aa70faa49057_2010-01-19EURUSD1.thumb.jpg.7c73f95f46f5dee85a3da1c76a4c9103.jpg

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.