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thalestrader

Reading Charts in Real Time

By thalestrader, in General Trading

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Cory2679    11

Cory2679
Posted
Potential USD/JPY short...

 

UPDATE: I got filled but not without 5.1 ticks of slippage!! Jeez... I guess it was because of the consumer confidence news. That's some of the worst slippage I've gotten. :(

 

FINAL UPDATE: Taken out for break-even. The dashed red line is closer to where the stop was actually placed, due to the 5.1 pips of slippage at entry, the 2.4 pip spread, etc.

5aa7107d779eb_USDJPY(15Min)5_31_2011.jpg.8c514e7e83c2f12b9be999a38492295c.jpg

5aa7107d7b47e_USDJPY(15Min)5_31_20112.jpg.4d96fa04fb94bc05f3fdbad74a9ec3b8.jpg

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Cory2679    11

Cory2679
Posted

Thanks for the reponses, iwshares & todds. I appreciate it.

 

I was just sitting here thinking and came to the realization that all I can do is my best...and hence my primary objective should just be to make my best better!

 

I can't get so mad at myself and upset as long as I'm doing my best. Hindsight's 20/20. I am well aware that I can't trade like Thales at this point, and I'll never trade perfectly...all I can do is my (current) best.

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Cory2679    11

Cory2679
Posted (edited)

Potential GU long...

 

UPDATE: Taken out for a full loss (first one since I started trading/posting consistently a little over 5 weeks ago). You can imagine how I'm feeling right now.

5aa7107e0009b_GBPUSD(15Min)6_1_2011.jpg.acc9b5191434b27f19a8f877100e03a3.jpg

5aa7107e097fe_GBPUSD(15Min)6_1_20112.jpg.4bc8010ab2c4758fbedfa53feaa3d60f.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted
Potential GU long...

 

UPDATE: Taken out for a full loss (first one since I started trading/posting consistently a little over 5 weeks ago). You can imagine how I'm feeling right now.

 

Now short the GU......

5aa7107e0da2d_GBPUSD(15Min)6_1_20113.jpg.58179196ecd417812d51e53e1f4f3b15.jpg

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Cory2679    11

Cory2679
Posted
Potential GU long...

 

UPDATE: Taken out for a full loss (first one since I started trading/posting consistently a little over 5 weeks ago). You can imagine how I'm feeling right now.

 

Just reviewing my 1R loss and realized that I was basically going long a tick or so under resistance!

5aa7107e209e8_GBPUSD(15Min)6_1_20116.jpg.42bfe03caae9c4f711ea56ad6423ff6e.jpg

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iwshares    10

iwshares
Posted

Have you considered trading on longer/different time frames to see if that helps. I trade base on te dailies and really appreciate the breathing room of the Market weekly close. Good work spotting why the trade stopped out, before placing one based on the same setup again

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Cory2679    11

Cory2679
Posted (edited)
Have you considered trading on longer/different time frames to see if that helps. I trade base on te dailies and really appreciate the breathing room of the Market weekly close. Good work spotting why the trade stopped out, before placing one based on the same setup again

 

Well, I'm attempting to master day trading, so I pretty much just focus on the 15 minute chart as my primary chart. I like day trading because I feel like with more opportunities (vs swing or position trading), I'm getting more practice.

 

EDIT: I may someday be forced to focus only on much longer timeframe charts, though! ;)

Edited by Cory2679

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Cory2679    11

Cory2679
Posted
Good job holding through those pullbacks. What made you hang in there this time?

 

I just had confidence in the trade I guess. It probably helped that I wasn't at my computer most of the time. I was checking in here and there but I wasn't watching every tick.

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Cory2679    11

Cory2679
Posted (edited)
Potential EU long...

 

UPDATE: Filled for profit. Wow that was stressful holding through NFP! haha

 

UPDATE 2: Wow that profit target could not have been better placed! (I'm not taking credit...I know that was a little lucky! :))

5aa7107e5f67e_EURUSD(15Min)6_3_2011.jpg.c954af5d3cc243f122ed0efd86ccb4c3.jpg

5aa7107e6424b_EURUSD(15Min)6_3_20112.jpg.2e672627e63053bdafc45450bff1089b.jpg

5aa7107e685f9_EURUSD(15Min)6_3_20113.jpg.7ac4aacf727896c9f96ac755dbd76d9d.jpg

Edited by Cory2679

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Cory2679    11

Cory2679
Posted

I know it's early but I'm gonna go ahead and call it a week.

 

attachment.php?attachmentid=24826&d=1307111723

 

We had a holiday on Monday, then I had a rough start to the week but managed to make it back and then some. Still a whole lot of room for improvement. I'm getting good experience/practice, though. The drawdown and full 1R loss earlier in the week was probably a good thing because it forced me to experience the loss and move through it.

 

Have a good weekend!

Capture.JPG.21935536f99dcc7ff421e19cb3f04283.JPG

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thalestrader    14

thalestrader
Posted
Hi Folks,

 

I thought it would be interesting if we had a thread where we could all post charts of potential price moves in real time...

 

So the new management traded the old thread in for a dog ...

 

Well, she was a fine and good thread. I thank all of you who helped make her so.

 

Best Wishes,

 

Thales

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MadMarketScientist    11

MadMarketScientist
Posted
So the new management traded the old thread in for a dog ...

Well, she was a fine and good thread. I thank all of you who helped make her so.

Best Wishes,

Thales

 

Hey didn't mean to offend anyone here ... just that old thread was getting hard to navigate for people. Thanks for creating this great thread ... it isn't closed so you can continue to post on here if you want.

 

thanks,

MMS

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