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

I pulled up crude for the first time over the weekend and just threw some S/R up there to see how it reacted to them today..and damn!

 

Look at CL at the last two day's prior highs:

 

attachment.php?attachmentid=18689&stc=1&d=1265054804

 

attachment.php?attachmentid=18690&stc=1&d=1265054804

 

Best Wishes,

 

Thales

5aa70fbfbdf98_2010-02-01CLpriorhighs1.thumb.jpg.045bb094dc0d09dcae4642f14954d219.jpg

5aa70fbfc479c_2010-02-01CLpriorhighs2.thumb.jpg.715bbc97461cf32f3b8558726390707e.jpg

Share this post


Link to post
Share on other sites
I have to leave right now to help some people with something and I'll be back later...

 

Here's how the EUR/JPY is looking to me now...of course it may climb higher before declining and breaking the low (it's obvious how the SL & targets would be adjusted accordingly).

 

We'll see how it looks when I get back. It is getting later and later, though (the later it gets, the less confident I am in an impending significant move)...

 

I'm back...following up...here it is now (the last image)...never amounted to much...and it's too late in the day to consider a trade now.

 

-Cory

EJ15M.jpg.6348a1da87a5e7972ae93809b282d9d5.jpg

EJ15M2.jpg.4555a4e0e68419569aef5b229fe4103d.jpg

EJ15M3.jpg.38a4527813696c9b096d6cd870fc81eb.jpg

EJ15M4.jpg.876ba333eb90ba518b6b5b61ad2f7a76.jpg

Share this post


Link to post
Share on other sites
Look at CL at the last two day's prior highs:

 

attachment.php?attachmentid=18689&stc=1&d=1265054804

 

attachment.php?attachmentid=18690&stc=1&d=1265054804

 

Best Wishes,

 

Thales

 

Two little demo short attempts lat in the day while testing previous highs

 

attachment.php?attachmentid=18699&stc=1&d=1265057078

 

Way late on the post ... but I was on time with the post pointing that crude was at its highs. So, take it for what you will. If its not real time enough for you, scroll on. The second short from 74.91 has a current stop at 74.79, price is at 74.75

 

Best Wishes,

 

Thales

5aa70fbfe11e6_2010-02-01CLEODdemoshorts1.thumb.jpg.74e1c5927a141a90c604758b04d13bc3.jpg

Share this post


Link to post
Share on other sites
The blue/red/purple lines where much better than those triangles.

 

I posted the trades so long after the fact that I figured I should exercise a little "CYA" in case the ninja-experts were out and about.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites
Took you long enough to see the light.

 

Just send 20% of profits to my paypal and we will call it even.

 

As I am currently sim trading crude, I'll need access to your sim paypal account.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

Good first reaction from S yday. Unless it is totally obvious, I won't be buying there unless it makes a new low, preferably below 1.5833. I'm keen to look for shorts in the immediate R and of course in the lower edge of that main R zone we just exited from last week. Shorts in the zones are scaled out less aggressively in 1/4ths, longs more aggressive in 1/2s, anything else is scalps (20-40'ish pips) with all in, all out.

MK_1.thumb.png.f75f4c2c444fb2724b3c2b0fa6cec04e.png

5aa70fc001aa9_MK01_02_Feb_2010.thumb.png.ffc2c44fd79c0732d87658de232f5e0a.png

Share this post


Link to post
Share on other sites
Current view of the ES ... something like that ...

 

I posted this potential short on the ES this afternoon ... it never triggered. Just so that there is no misunderstanding - we try to post trade opportunities in this thread before they trigger. This means that some will not trigger. In this case, a short entry would have been filled on a sell stop placed a tick below the blue line. Price never traded below that point, and instead, made new higs above what would have been the stop loss level. No harm, no foul.

 

attachment.php?attachmentid=18705&stc=1&d=1265065985

 

Best Wishes,

 

Thales

5aa70fc0061b4_2010-02-01ESNotrigger1.thumb.jpg.c6ee53ebd30ef6c957f91a4554173cd3.jpg

Share this post


Link to post
Share on other sites

Crude has traded to and through two more previous daily highs tonight, and each offered an opportunity to scalp some decnet R/R. I did not trade either of these real or demo, and I am posting this chart just to make the point.

 

 

 

Best Wishes,

 

Thales

5aa70fc0824bb_2010-02-01Crudeteststhehighs1.thumb.jpg.8f55906b02bc43b1c87a98b92750d452.jpg

Edited by thalestrader

Share this post


Link to post
Share on other sites

Hi Thales,

 

Thanks for posting the reply about the leverage of the OIRCL experiment. I now better understand what you are up to. I hope my query wasn't perceived as interrogating or chastising, it was mere curiosity.

 

With kind regards,

MK

Share this post


Link to post
Share on other sites
I hope my query wasn't perceived as interrogating or chastising, it was mere curiosity.

 

No problem at all, MK. My horns are still a bit twisted, but not by you or any of the thread's regular participants.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

The markets are sorta idle at the moment so I wonder if I can toss a question at you? In talking about trading off various degrees, I think I have seen you mention that it is a mistake to enter off the smaller degree and manage it from the smaller degree (or was it manage from the larger degree?) with the intent of trading for the larger degree. You said something like most do that way and it is a mistake. I wonder if you could elaborate on that thinking?

 

Cheers,

MK

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

    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
    • What a wild year.   AI seems to be appearing everywhere you look, Paris hosted a weird Olympics, unrest continues in the Middle East, the US endured a crazy-heated election, and the largest rocket ever to fly successfully landed in a giant pair of robot arms.   Okay, but what about the $money stuff?   Well, this year we've seen a load of uncertainty - inflation is still biting and many businesses have gone down.   Property has been very fractured, with developments becoming prohibitively expensive, while other markets have boomed.   It hasn't been an easy ride, that's for sure.   However, the stock market has had some outstanding results, and for those who know how to trade, some have done VERY well for themselves.   Some have replaced their incomes. Some have set themselves up for the rest of their days on this planet.   How about you? How did you go? Author: Louise Bedford    Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • U Unity Software stock watch, attempting to move higher off the 22.4 triple+ support area at https://stockconsultant.com/?U  
    • TSSI TSS stock, watch for an ascending triangle breakout above 11.49, target 15 area at https://stockconsultant.com/?TSSI
    • NEO Neogenomics stock, nice rally off the 16.39 triple+ support area, from Stocks to Watch at https://stockconsultant.com/?NEO
×
×
  • Create New...

Important Information

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