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

Since I feel kinda left out as I am the only one trading ES...

 

I guarantee you are not the only one reading this thread who trades the ES, and I would encourage whatever contributions you wish to share here with respect to your ES trades.

 

Besides, its all charts ... if this S/R stuff works, it had better work regardless of the market so long as that market is liquid and freely traded, right?

 

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites
Meh...forget it...pulled out around BE.

 

Repeat after me .. Short the Euro, Long the Pound ... Short the Euro, Long the Pound ... Short the Euro, Long the Pound ...

 

At least until it changes, right?

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites
...I am trading the 6B for longs and the 6E for shorts.

 

Short EURUSD ...?

 

...we've had something of a "123" against our long position (on the GU)...could probably make an argument for a potential short...

 

Stopped & reversed...(short GU)

 

Meh...forget it...pulled out around BE.

 

PT1 on the EURUSD for +23 pips.

 

 

I should have listened! ;)

Share this post


Link to post
Share on other sites
Repeat after me .. Short the Euro, Long the Pound ... Short the Euro, Long the Pound ... Short the Euro, Long the Pound ...

 

At least until it changes, right?

 

Best Wishes,

 

Thales

 

Haha...you beat me to it! (took me a while to make all those quotes for dramatic effect ;))

Share this post


Link to post
Share on other sites

These are the trades I find most uncomfortable - when you are stopped in and price goes from an immediate +6 or so to -6 in the blink of an eye. This is when I start thinking, and when I think, I usually do the wrong thing.

 

 

 

Best Wishes,

 

Thales

5aa70fab6deb5_2010-01-196B7.thumb.jpg.7f1c54fb8e6bfea67c796d84464ed928.jpg

Share this post


Link to post
Share on other sites
Here is where I stand: PT1 on each entry is filled for +27 ticks and +32 ticks respectively. I have stops at entry 1 PT1 and Entry 2 Break even level.

 

attachment.php?attachmentid=17989&stc=1&d=1263914322

 

Best Wishes,

 

Thales

 

Thales.

Many thx for the contribution here.

Question if I may to help me understand things.

 

Your long trades (post#3413).

You went long at the dashed blue line?

and then again at the solid blue line?

Moved the blue dashed entry stop as per the red dashed line?

 

Then you moved solid blue long stop to BE (red solid line)?

Your red dashed stop was then hit?

Your solid red stop was then hit?

And then post# 3439 was a set up for a new trade long?

 

Many thx

5aa70fab7443c_Thaletrader2010-01-196B6.a.thumb.jpg.e1a3abb0ea6b5240efe950c186d8dd35.jpg

5aa70fab7a642_Thaletrader2010-01-196B6.b.thumb.jpg.61768a270a10ca7150e3b44a2d2e66f3.jpg

Edited by zt379
corrections

Share this post


Link to post
Share on other sites
Maybe a potential short. Price sure has stopped/slowed down, though.

 

I'm getting impatient...I've moved my stop pretty tight...either it's going to drop or I'm out for a medium-sized loss...

UJ15M4.JPG.94c64a3a3b7ec0d3669b59f5e108e1ec.JPG

Share this post


Link to post
Share on other sites
... Your solid red stop was then hit?

And then post# 3439 was a set up for a new trade long?

 

Many thx

 

Yes to all your questions except that I did close the second long for +5 ticks - I closed the longs when Cory went short. I did not short the 6B, but PA was sufficient to get me flat.

 

And yes, the 3439 is a new long. Not going so well right now, and I have a -21 stop loss on it right now (entry 83, stop loss 62. Right now there is only 6-7 ticks between me and a -21 loss on the whole position.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites
These are the trades I find most uncomfortable - when you are stopped in and price goes from an immediate +6 or so to -6 in the blink of an eye. This is when I start thinking, and when I think, I usually do the wrong thing.

 

I was in this, but just pulled out for BE when it gave me the chance...

 

...not that the trade isn't legitimate, it's just that it's getting late...

 

I'm still in the UJ for now...waiting for this trade to make or break my day...

GU15M8.JPG.ab4d8dda812334ad7d9b641a70b488c2.JPG

UJ15M5.JPG.e3829dd6832457e736951fdc7e33a00b.JPG

Share this post


Link to post
Share on other sites
And yes, the 3439 is a new long. Not going so well right now, and I have a -21 stop loss on it right now (entry 83, stop loss 62. Right now there is only 6-7 ticks between me and a -21 loss on the whole position.

 

Best Wishes,

 

Thales

 

Late post as I got caught on the phone, but I gave up on 6B for -7.

 

Looks like it would have been a decent short. Who knew? Anyone? Not me.

 

Best Wishes,

 

Thales

5aa70fab9430e_2010-01-196B8.thumb.jpg.9d01149e1d9331af104b2339fa00defb.jpg

Share this post


Link to post
Share on other sites
Yes to all your questions except that I did close the second long for +5 ticks - I closed the longs when Cory went short. I did not short the 6B, but PA was sufficient to get me flat.

 

And yes, the 3439 is a new long. Not going so well right now, and I have a -21 stop loss on it right now (entry 83, stop loss 62. Right now there is only 6-7 ticks between me and a -21 loss on the whole position.

 

Best Wishes,

 

Thales

 

Thx for taking the time to reply and explain so quickly.

I'm finding PT1's are being reached consistently.

Managing the trade in terms of PT2 and PT3 is an issue for me.

At these times they often conflict with seeing contrary trades.

 

How can I best explain what I want to say here?

Is it more a matter of determining what's been referred to as the "degree" of a move?

ie: the contrary trade we see may be a retrace trade within the larger move we are in.

Such that we would decide to sit through it, all be it taking the "chance" that the original (or adjusted) stop is hit, in order to stay in for Pt2 and PT3?

Or close out everything and re-set the machine, so to speak?

 

In terms of every new trend starting with a 123. I'm trying to learn how best to approach this, assuming I've explained it.

 

Appreciate your thoughts when ever you have time.

I've read through the thread so apologies in advance if this has been covered before.

Thx

Share this post


Link to post
Share on other sites
Stopped out of this!

 

Price has come within 0.1 tick of stopping me out of the same trade, but hasn't yet! (my stop is on the same place on the chart as yours, but must be very slightly higher---my stop is at 91.158...the ask has gotten up to 91.157)

 

That'd be so funny if somehow this turned around got to profit after that. Somehow I doubt it, though!

Share this post


Link to post
Share on other sites
Price has come within 0.1 tick of stopping me out of the same trade, but hasn't yet! (my stop is on the same place on the chart as yours, but must be very slightly higher)

 

That'd be so funny if somehow this turned around got to profit after that. Somehow I doubt it, though!

 

It took me out by 0.3 of a pip. The level I placed my stop at was 91.135 plus 2 pip spread (plus 0.5 for the landlord so 91.16) and it went to 91.143 plus spread or 91.163. It's certainly not moving very fast one way or the other is it?!

Share this post


Link to post
Share on other sites
Looks like it would have been a decent short. Who knew? Anyone? Not me.

 

Unfortunately, not me. It was getting late and I was more focused on getting out at BE than what price may have been indicating.

 

It's certainly not moving very fast one way or the other is it?!

 

No!!

 

I have to leave, so I'm going to just take the whole position out at my new, slightly more conservative PT1 or at my current SL.

UJ15M6.JPG.8d0811b70ca1ea0bbcc0d1935e9dda13.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.