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

You would think that after all of the times I've seen Thales post a real-time chart and then watch his prediction come true, I would take a minute to open an account and then just trade based on his postings. I'd actually feel really bad making a trade that way considering how much focus, time and hard work he puts into each trade. Good chart, Thales.

Share this post


Link to post
Share on other sites
Looks like I was wrong on the xJ pairs direcion.

 

Gabe

 

P1 hit, stop on 2nd half at BE, looking for nat stop.

attachment.php?attachmentid=13993&stc=1&d=1254796189

 

Looks like I was wrong on the xJ pairs direcion.

 

Gabe

Looking at it again, I think the G/U might be in preperation for that long side based on the intermediate swings, if it ever decides to stop meandering around.

attachment.php?attachmentid=13994&stc=1&d=1254796195

5Oct2009_GJ2.jpg.d8c2dc27036a0b6e1fb4bf0736203b9e.jpg

5Oct2009_GU1.jpg.a8291b5479c721a0d501c0b5b88d33ea.jpg

Share this post


Link to post
Share on other sites
Possible target if this rally continues No predictions ... just making notes. If I were long on that breakout, I'd be at or near breakeven on my stop loss.

 

Best Wishes,

 

Thales

 

A final look before bedtime. Buy point was 182, and price moved about 66 ticks from that point before the current consolidation (for now it is a consolidation, though sometimes a consolidation is really a reversal).

 

 

Best Wishes,

 

Thales

5aa70f34db400_10-05-2009YENrangeBO4.thumb.jpg.6089e1a1d8ef7e7be9d7c3cb7e51875c.jpg

5aa70f34e1f4e_10-05-2009YENrangeBO5.thumb.jpg.7a33fad0c701224ccb0ac2d7cb94cff5.jpg

5aa70f34e7a7f_10-05-2009YENrangeBO6.thumb.jpg.3f409f17079551b9c7c1504f2aaee83c.jpg

5aa70f34ed682_10-05-2009YENrangeBO7.thumb.jpg.179638cb24d9451098e04c4d935718d8.jpg

Share this post


Link to post
Share on other sites

Hi Folks,

 

Looking at a longer view of the GBPUSD, I still think that the next 1000+ point move will be down not up. Of course, the GBPUSD will offer a god number of long trades for the day trader during that time. But, the big money is made in the big swings.

 

Best Wishes,

 

Thales

5aa70f34f21a2_10-06-2009GBPJPYWeekly1.thumb.jpg.8fbbd209d12a294b4fa3916b93a19745.jpg

Share this post


Link to post
Share on other sites
A final look before bedtime. Buy point was 182, and price moved about 66 ticks from that point before the current consolidation (for now it is a consolidation, though sometimes a consolidation is really a reversal).

 

 

Best Wishes,

 

Thales

 

I misspoke on the buy point - it was 192, not 182, and as such the actual high of this move produced a +63 tick move. A stop below the reaction that was in the process of playing out would have been 217, or 25 ticks. I had mentioned a stop at BE to -5, and a -5 stop would have been hit to the tick if one did not raise the stop to 217.

 

Best Wishes,

 

Thales

5aa70f3504021_10-06-2009Yen1.thumb.jpg.878376e1d731bfaf1d1d482959962a13.jpg

Share this post


Link to post
Share on other sites

Recap of the overnight:

 

Just a thought on NQ, any opinions?

The 60 min chart thumbnail is a macro view of where we are currently.

There the breakout occured after hours. Let's see how it progresses.

attachment.php?attachmentid=14001&stc=1&d=1254835772

 

Here's mine.

 

Also attaching interesting action on EU as well.

The E/U in fact had the nicest breakout of the night!

attachment.php?attachmentid=14002&stc=1&d=1254836008

 

Looking at it again, I think the G/U might be in preperation for that long side based on the intermediate swings, if it ever decides to stop meandering around.

Wow, the G/U eventually broke out nicely!

attachment.php?attachmentid=14003&stc=1&d=1254836270

move1.jpg.b71af97081d3cc8cc6940fd6f4b4c3ad.jpg

move2.jpg.39856fd02a97cdcb4f5354e5eef73b26.jpg

move3.jpg.0c6d7f69f19bb255e9c5d7bc93c32be7.jpg

Share this post


Link to post
Share on other sites
Just a thought on NQ, any opinions?

The 60 min chart thumbnail is a macro view of where we are currently.

 

There the breakout occured after hours. Let's see how it progresses.

 

Punched through both targets I had set easily. There is more but only had two lots.

 

------EDIT----

Oh, and I had to sit through a bit of heat as I entered yesterday almost at the close like a moron. But price never reached the swing Low where you can see the stop was. It really broke in the AH though, yesterday was kind of a little fake that put me in the trade.

5Oct2009_NQ2.jpg.2b81a947046e18acdd2ff835421de625.jpg

Edited by forrestang

Share this post


Link to post
Share on other sites

If price gets knocked down at Target 1 in the chart, I will exit the trade there, but otherwise I plan to hold this position for several days, or even longer until it reaches Target 2 or even to 43.1.

 

OK, this is really horribly stupid... :doh:

 

QQQQ gapped up and reached target 2 quickly. Then it started consolidating.

Now, I should have taken exited the trade there, but instead, I ADDED to the position.

I set the stop loss at the level of target 1, then I had to run out.

 

Of course the price came down and I got stopped out for a net loss... :crap:

 

I should've taken profits as I had planned. Just because the price moved quickly and looked like there was still more move, I shouldn't easily deviate from the plan.

Especially more so, if the "new plan" is so sloppy (add without waiting for the breakout, set stop loss and leave the trade).

 

 

-z

5aa70f35be7b7_QQQQ30minExit.png.805aa36963a7f37fb2062ba8ea2907cd.png

Share this post


Link to post
Share on other sites

It broke above the down trendline from last week. I think I'm going to go long if it goes above 19.44 tomorrow.

 

It did break above that level this morning, but without much volume and didn't go anywhere. I didn't enter this trade.

5aa70f35c2256_ININ60minbreakout.png.022e7c9d2fc2df8be6fc6778204fb19d.png

Share this post


Link to post
Share on other sites

Hi Folks,

 

Doing some more Yen watching (not much time during the day to watch other markets right now).

 

I noticed that the 6J (which trades inversely to the USDJPY for those spot traders among us) had nicked what ought to have been a bit of support earlier. After a half-hearted bounce, price has again broke below. The last push was quick, and I as I was trying to mark the chart it just moved. Short entry would have been 253-55, and a decent couple of targets look to be 226 and 190.

 

Best Wishes,

 

Thales

5aa70f35d4a25_10-06-2009Yen2.thumb.jpg.3ed0f24bbebf8bf6b85c550c5914b52c.jpg

5aa70f35dabc9_10-06-2009Yen3.thumb.jpg.73bf9ea84767df4af0c33bc295272756.jpg

5aa70f35df130_10-06-2009Yen4.thumb.jpg.4784fd9bb073d1a6fe511fe34af6b7a7.jpg

Share this post


Link to post
Share on other sites

This is where I see breakouts having the potential to breakout shown by the blue lines....if a breakout occurs based on what I see in S/R.

 

There may be a breakout, but I am NOT interested in any of these trades tonight for some reason. So this is a night I'll just observe.

 

Forrest

6Oct2009_Summary.thumb.jpg.3b966c78251d2dc66fcacd2f47a2e068.jpg

Share this post


Link to post
Share on other sites
GBPJPY: No predictions, just making notes

 

Best Wishes,

 

Thales

 

On the Importance of Making Notes: The notes, taken properly will tell you what to do and where before price ever gets to wherever "where" is.

 

Best Wishes,

 

Thales

5aa70f363fc35_10-06-2009GBPJPY2.thumb.jpg.f7f29173c0c8b57bc05f17daa437695a.jpg

5aa70f364573a_10-06-2009GBPJPY3.thumb.jpg.7c2cb20a0bb80b5622247b78c92b62d3.jpg

Share this post


Link to post
Share on other sites
I noticed that the 6J (which trades inversely to the USDJPY for those spot traders among us) had nicked what ought to have been a bit of support earlier. After a half-hearted bounce, price has again broke below. The last push was quick, and I as I was trying to mark the chart it just moved. Short entry would have been 253-55, and a decent couple of targets look to be 226 and 190.

 

Best Wishes,

 

Thales

 

Follow up is noted on chart.

 

Best Wishes,

 

Thales

5aa70f364daf8_10-06-20096J1.thumb.jpg.01122deeccd05236c338f0e3ad7eef6d.jpg

5aa70f3654608_10-06-20096J2.thumb.jpg.e84e08f2f59d48d70c036bb2c09fe5e3.jpg

Share this post


Link to post
Share on other sites

Stop was hit at 25.1 and filled at 25.12. Ended up +0.07 on the trade. Not a good time of the day to trade but that what I had to work with today. I was calm throughout the trade without having to think about being calm so that was good.

I know most here don't watch stocks so hopefully I didn't take up too much space. I'll try to get some futures posts soon.

 

attachment.php?attachmentid=14058&stc=1&d=1254935506

5aa70f36a2283_unh110.thumb.png.625217d20dd153a44cf354cb9fe50b70.png

Share this post


Link to post
Share on other sites

Hi Folks,

 

Just checking in real quick. I see the GBPJPY happens to be at an interesting level at this very moment. I'll be curious to see what price does between now and when I get back this evening.

 

Best Wishes,

 

Thales

5aa70f3705aac_10-06-2009GBPJPY4.thumb.jpg.6e7e89418f7fc2a09c097a5c969835b0.jpg

Share this post


Link to post
Share on other sites

I know most here don't watch stocks so hopefully I didn't take up too much space. I'll try to get some futures posts soon.

 

I feel the same way, but perhaps we can start a trend and see more stock trades. ;)

 

-z

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

    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • 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
×
×
  • Create New...

Important Information

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