Reading Charts in Real Time

[Cory2679 11]

Potential EJ short...

 

UPDATE: Order filled...stop moved tight...

 

UPDATE 2: Stop at break-even (+1 tick)...

Edited January 17, 2011 by Cory2679

[Cory2679 11]

Potential EJ short...

 

UPDATE: Order filled...stop moved tight...

 

UPDATE 2: Stop at break-even (+1 tick)...

 

UPDATE 3: Still hangin' in there...I'm heading to bed so I'm going to leave it overnight...I have my stop-loss and profit target orders in...

[Cory2679 11]

Potential EJ short...

 

UPDATE: Order filled...stop moved tight...

 

UPDATE 2: Stop at break-even (+1 tick)...

 

UPDATE 3: Still hangin' in there...I'm heading to bed so I'm going to leave it overnight...I have my stop-loss and profit target orders in...

 

UPDATE 4: PT's 1 & 2 filled...holding for PT3...I've moved my stop down...

 

FINAL UPDATE: Final 1/3 taken out for some profit...

Edited January 17, 2011 by Cory2679

[snowbird 10]

really enjoyed following this one

 

way to hang in there!

 

snowbird

[Cory2679 11]

Potential UJ long...

[Cory2679 11]

Potential UJ long...

 

UPDATE: Order canceled...

[thalestrader 14]

Hi Folks,

 

Daily chart of bean oil shows open interest rising while price has been consolidating at the highs of its recent uptrend, which typically yields a bearish result...

 

 

Best Wishes,

 

Thales

[stpips89 10]

Hi Folks,

 

Daily chart of bean oil shows open interest rising while price has been consolidating at the highs of its recent uptrend, which typically yields a bearish result...

 

 

Best Wishes,

 

Thales

 

I always have read that consolidation after a strong trend typically breaks out with the existing trend? Aren't we supposed to assume the existing trend is intact until it is actually broken??

[jfw215 11]

Hi Thales,

I was referred to your thread here by a friend. I finished reading it from start to finish. I want to thank you for your contribution here. Your thoughts on money management and trade entry techniques have been very helpful to me. This has been the best thread I've read anywhere!!!

 

Are you active posting on another thread or on your blog now?

 

JW

Edited March 3, 2011 by jfw215

[thalestrader 14]

Hi Thales,

I was referred to your thread here by a friend. I finished reading it from start to finish. I want to thank you for your contribution here. Your thoughts on money management and trade entry techniques have been very helpful to me. This has been the best thread I've read anywhere!!!

 

Are you active posting on another thread or on your blog now?

 

JW

 

I'm happy that you found it to be of value - a lot of good folks made a lot good contributions to this thread.

 

I'm not actively posting anything anywhere right now - I needed a break from the internet. Currently, I am an occasional lurker, but I will be back - eventually.

 

Best Wishes,

 

Thales, friend of Kiwi

[jfw215 11]

I'm happy that you found it to be of value - a lot of good folks made a lot good contributions to this thread.

 

I'm not actively posting anything anywhere right now - I needed a break from the internet. Currently, I am an occasional lurker, but I will be back - eventually.

 

Best Wishes,

 

Thales, friend of Kiwi

 

Thales,

 

Thanks for your reply. hope you come back soon

[Cory2679 11]

Potential USD/JPY short...

[Mysticforex 13]

Down to the WP?

 

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[Cory2679 11]

Down to the WP?

 

Forgive my ignorance...what does "WP" mean?

[Mysticforex 13]

Sorry, Weekly Pivot.

[Cory2679 11]

Potential USD/JPY short...

 

Order canceled......

[Cory2679 11]

Down to the WP?

 

Forgive my ignorance...what does "WP" mean?

 

Sorry, Weekly Pivot.

 

Interesting...I picked my second profit target based on the prior swing high and the breakout, but that level is indeed also the weekly pivot! It's always interesting when something like pivot points, fib levels, etc., match up with prior swing high's and low's.

[Cory2679 11]

Currently long the GBP/USD...leaving it overnight to either fill my loan profit target or fill my stop-loss...

 

I'm trying to ease my way back into posting again...

[Cory2679 11]

Currently long the GBP/USD...leaving it overnight to either fill my loan profit target or fill my stop-loss...

 

I'm trying to ease my way back into posting again...

 

Stopped out for a loss. It's too bad I couldn't manage this in real-time, because worst case it would have been a break-even trade...especially after that double top...in hindsight, maybe I should have had one closer profit target...a profit target on half the position at the 161.8% fib extension would have (just barely) filled and the trade would have been a little better than break-even. Couldawouldashoulda...

Edited March 23, 2011 by Cory2679

[Cory2679 11]

Potential short on the EUR/JPY...

 

UPDATE: Order canceled...

Edited March 24, 2011 by Cory2679

[Cory2679 11]

Potential short on the EUR/JPY...

 

UPDATE: Order canceled...

 

Looks like it went the other way. I actually managed to catch some of the move, albeit on the EUR/USD...I entered way late, but I jumped into the impulsive move (with a tight stop) and still managed to eke out about 1R...had I entered the trade at what should have been my entry, it would have resulted in about +2.3R...

 

(EDIT: I hesitated to post an after-the-fact trade, but I decided to anyway since it was basically an extension of the potential trade from the previous post. )

Edited March 24, 2011 by Cory2679

[todds 10]

Ok Cory, I'll jump on board and post one with you. Probably not the best entry but just wanted to get my feet wet with posting.

 

Long USD/JPY after bounce off up trend line and 123 set up.

[todds 10]

Here are a couple other trades I'm looking at.

[todds 10]

Tightened stop after retest of BO failed.

 

-13 X 2 = -26 pips.

[todds 10]

sold 1/2

other 1/2 to BE

let it ride, watch price action at key R levels