Reading Charts in Real Time

[Cory2679 11]

Shouldawouldacoulda EU long...I'd had that level of support marked since this morning anticipating a long opportunity, but being later in the day I think I'd somewhat tuned out and written off the chance for another trade today. Oh well...we can still watch and see what happens...

 

UPDATE: Wow...would have been a quick loss...

Edited July 5, 2011 by Cory2679

[Zoomie 10]

Long Aussie. My third Thales-type entry. Comments appreciated

[Cory2679 11]

Shouldawouldacoulda EU long...I'd had that level of support marked since this morning anticipating a long opportunity, but being later in the day I think I'd somewhat tuned out and written off the chance for another trade today. Oh well...we can still watch and see what happens...

 

UPDATE: Wow...would have been a quick loss...

 

Thinking about the take-aways from that losing could-have-been trade...

 

I was kicking myself for not taking it at first...but then after what happened, I'm thinking maybe there's a real reason I didn't take it in real-time. First, it was hardly a sharp, clear 123. I think I've read somewhere on here that a good trade should pretty much jump off the chart screaming and waving...it shouldn't be something I have to squint my eyes and use my imagination for...this trade was hardly jumping off the page. Yes, I was watching for a long opportunity at that level of anticipated support...except a good one didn't present itself....it was only after seeing price shoot up a little that I saw it and thought, oh! there it was! I missed it!

 

Price had recently been rejected by overhead resistance, but I thought if a good long opportunity presented itself at anticipated support, it'd be worth a shot...even if it didn't end up breaking the high, there was plenty of room to take profits.

 

Incidentally, had I not gotten to break-even, that sharp downmove would have taken me to PT2 on today's trade on the EJ...although all that movement inbetween would have surely shaken me out had I been actively managing it...it could have been worth a re-entry at some point, though...

[Cory2679 11]

Shouldawouldacoulda UJ short...not even really sure how I even missed it except that it was a rather small degree 123 and I've been focused on larger degree (not deliberately). The 123 was crisp and clear, though. Oh well.

[Cory2679 11]

...it was a rather small degree 123 and I've been focused on larger degree (not deliberately). The 123 was crisp and clear, though. Oh well.

 

Same deal with this shouldawouldacoulda GU short...

[Cory2679 11]

Currently have my eye on the EU...

[Cory2679 11]

Currently have my eye on the EU...

 

UPDATE: Never broke the blue line so no entry...it's getting late and I'd expect it just to die off until maybe Tokyo...

[Cory2679 11]

I'm going to do something I admittedly probably wouldn't do if I wasn't demo trading right now...haha...not because it's against my rules or anything, but I'd probably be too afraid...

 

I have to leave my house now but I'm going to leave this order in...I'll be back in about 5 hours...we'll see what happens...it could very well fall to new lows and never trigger...

 

NOTE: I'll obviously have to be here to move my stop to BE if it hits the threshold, so I'm just taking the risk of taking a loss on what could have been a break-even trade if it happens while I'm gone...

[Marko23 10]

Still trading Bund Future

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25169&stc=1&d=1310026239

[Marko23 10]

Bad ratings for the Euro Zone

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25170&stc=1&d=1310026900

[Marko23 10]

Bad ratings for the Euro Zone

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25171&stc=1&d=1310027666

[Marko23 10]

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25172&stc=1&d=1310028054

[Marko23 10]

No trend, no trade.

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25173&stc=1&d=1310028653

[Marko23 10]

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25174&stc=1&d=1310029213

[BlowFish 10]

Good to see you are still around Marko

[Cory2679 11]

I'm going to do something I admittedly probably wouldn't do if I wasn't demo trading right now...haha...not because it's against my rules or anything, but I'd probably be too afraid...

 

I have to leave my house now but I'm going to leave this order in...I'll be back in about 5 hours...we'll see what happens...it could very well fall to new lows and never trigger...

 

NOTE: I'll obviously have to be here to move my stop to BE if it hits the threshold, so I'm just taking the risk of taking a loss on what could have been a break-even trade if it happens while I'm gone...

 

UPDATE: Never took off...

[Marko23 10]

Good to see you are still around Marko

 

Hi, good to read you.

[Marko23 10]

Got my 6 tick.

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25177&stc=1&d=1310030506

[Marko23 10]

UPDATE: Never took off...

 

Hi,

yes, still downtrend.

[Marko23 10]

Waiting to "service" the stops above

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25178&stc=1&d=1310030947

[Marko23 10]

1st stop done.

 

No trade for me, there was no signal.

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25179&stc=1&d=1310031744

 

Even the 1m chart, which I do not trade in this situation, had no long signal.

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25180&stc=1&d=1310032348

Edited July 7, 2011 by Marko23

[Marko23 10]

The other stops done.

 

One knows, what will probably happen, but as a disciplined trader

one is conditioned to signals....

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25181&stc=1&d=1310032622

[Cory2679 11]

Current look at the EU...

[Marko23 10]

EUR/USD serviced 3 stops down.

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25183&stc=1&d=1310032872

[Marko23 10]

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25184&stc=1&d=1310035641