Reading Charts in Real Time

[Marko23 10]

Short covered with loss: 3 x -16

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25338&stc=1&d=1310632399

[Marko23 10]

Premature exit was ok,

stop would have triggered now

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25339&stc=1&d=1310635803

Edited July 14, 2011 by Marko23

[Marko23 10]

TC Short

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25342&stc=1&d=1310644848

[Marko23 10]

Short stopped, loss -37

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25344&stc=1&d=1310647981

[Marko23 10]

Disappointing day, slow downtrend with big retracements

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25345&stc=1&d=1310656239

[Marko23 10]

Todays scale 35, 70, 105

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25349&stc=1&d=1310713856

[Marko23 10]

End of Short, Profit 35 + 11 +11

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25350&stc=1&d=1310721827

 

The 30m timeframe may be to long for this market situation,

Edited July 15, 2011 by Marko23

[thalestrader 14]

... I think I may allow an exception to letting all the trades run...if there's a legitimate stop-and-reverse, I'll allow myself to do that. That's far from micromanaging a stop, anyhow.

 

Indeed. Remember, what might appear to be a 123 can actually prove to be an ABC correction, as was the case here. Your stop on the anticipated 123 reversal becomes your entry on an ABC double bottom continuation type trade.

 

Best Wishes,

 

Thales

[Marko23 10]

Todays scale 31, 52, 93

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25380&stc=1&d=1310976845

[Cory2679 11]

Currently long the GBP/USD (PT3 not shown)...

[Cory2679 11]

Currently long the GBP/USD (PT3 not shown)...

 

UPDATE: Loser. There was obviously plenty of opportunity to cut this loss down to size, but it didn't quite touch my break-even point so I held on to it in accordance with the current let all trades run exercise. It still really stings to take a 1R loss, though...even on sim!

Edited July 18, 2011 by Cory2679

[Marko23 10]

I don't like these slow trades!

Profit 3 x 31 .

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25384&stc=1&d=1310998991

[Marko23 10]

I'll have to adapt my expections to the 30m timeframe or return to 5m.

[Cory2679 11]

I have my eye on something a little longer-term than usual...I have to leave to go out of town in about a half hour so I won't be around, but I'm looking at something like this...let's see what happens...

 

It seems like I've been having some slow days lately...

[mslk 10]

It seems like I've been having some slow days lately...

 

hey cory are you back trading yet?

 

thanks

- mslk

[Cory2679 11]

I decided to take a little break from posting this past week leading up to going live again August 1st. I'll be back here full-swing on Monday.

 

I'm going live again Monday with a $1,000 FXCM micro account, with an R-multiple fixed at $5 (0.5% of $1,000)...at this point I'm not going to bother compounding/adjusting for an increase or decrease in account size.

 

I'll be waking up and getting on my computer at 5:30am Eastern Time and trading through the afternoon (I'm currently unable to also trade the first part of Tokyo like I'd like to).

 

See you all Monday!

Edited July 30, 2011 by Cory2679
typo

[Cory2679 11]

Currently short the EUR/JPY...

 

My risk is actually about 1.03R on this trade...to keep it at or below 1R would mean not being able to take a position...so rather than passing, I simply sold one micro lot and risked 1.03R. I've decided that's what I'll do in this type of situation.

 

UPDATE: Stop at break-even. I just realized that I drew 2 profit targets, yet I am only short one lot! I have to think about what to do here...this hasn't been an issue until now with my $5R...

Edited August 1, 2011 by Cory2679

[Cory2679 11]

Currently short the EUR/JPY...

 

My risk is actually about 1.03R on this trade...to keep it at or below 1R would mean not being able to take a position...so rather than passing, I simply sold one micro lot and risked 1.03R. I've decided that's what I'll do in this type of situation.

 

UPDATE: Stop at break-even. I just realized that I drew 2 profit targets, yet I am only short one lot! I have to think about what to do here...this hasn't been an issue until now with my $5R...

 

UPDATE 2: Stop moved down...I've decided to use profit target 1 as my sole profit target for this trade...I'll have to think a little more about my strategy moving forward with situations where I have only one lot/proft target, or even where I have 3 lots but 2 profit targets...do I take 2 lots off at PT1 or PT2? My strategy here may take some time to evolve...

 

FINAL UPDATE: Filled for profit.

Edited August 1, 2011 by Cory2679

[Cory2679 11]

Currently short the EUR/JPY...

 

...I just realized that I drew 2 profit targets, yet I am only short one lot! I have to think about what to do here...this hasn't been an issue until now with my $5R...

 

...I've decided to use profit target 1 as my sole profit target for this trade...

 

...Filled for profit.

 

It looks like profit target 2 would have filled now...I should have used THAT for my sole profit target!

[thalestrader 14]

It looks like profit target 2 would have filled now...I should have used THAT for my sole profit target!

 

Heard from my old friend Blowfish today, and it has me pining away for old times.

 

So, for old time's sake, here it goes ... Perhaps a second chance ... maybe for a sleigh ride all the way to 107.25? 105? I'd be looking to sell below 110.14, with a stop above 110.77, and I'd be willing to let this ride to a 300 tick profit or take my loss.

 

 

And what happened to the little paper clip icon that made adding attachemnts so easy? Now I have to click on "manage attachments" to upload a file? MMS, if it ain't broke, please don't fix it.

 

Best Wishes,

 

Thales

[thalestrader 14]

... I'd be looking to sell below 110.14, with a stop above 110.77, and I'd be willing to let this ride to a 300 tick profit or take my loss.

 

I'll not bother with an updated chart (too many steps to attach a chart, you know) ... but a quick look at this would have me saying to try a short below 110.30 and a stop above 111.05.

 

Best Wishes,

 

Thales

[MadMarketScientist 11]

I'll not bother with an updated chart (too many steps to attach a chart, you know)

 

Its been fixed - MMS

[Cory2679 11]

Currently short the EJ...

 

UPDATE: Stop moved down...

 

FINAL UPDATE: Moved stop down again slightly and was taken out.

Edited August 2, 2011 by Cory2679

[Cory2679 11]

Currently short the EU...

[thalestrader 14]

UPDATE: Stop moved down...

 

FINAL UPDATE: Moved stop down again slightly and was taken out.

 

We're back to that again, are we?

 

Best Wishes,

 

Thales