Reading Charts in Real Time

[forrestang]

Originally Posted by thalestrader Took -3 ticks, and looks like this now unless we get a new high. Best Wishes, Thales

That was a good exit to get out at -3 tics. What was it that helped you get that quickly? I saw that price barely stopped you in before immediately reversing.

Did you see a H-L-HH form on this one?

[thalestrader]

Originally Posted by forrestang That was a good exit to get out at -3 tics. What was it that helped you get that quickly? I saw that price barely stopped you in before immediately reversing. Did you see a H-L-HH form on this one?

No, not really. It just went dead and sat there for a minute or two with me at -2, so I moved my stop to -3. Why take chances in a dead market?

At any rate, we did get new high, so I would prefer to wait until we made a go into the resistance zone seen here.


Best Wishes,

Thales

[patrader]

15m 6E chart

[patrader]

240m 6E chart

[forrestang]

Originally Posted by thalestrader No, not really. It just went dead and sat there for a minute or two with me at -2, so I moved my stop to -3. Why take chances in a dead market? At any rate, we did get new high, so I would prefer to wait until we made a go into the resistance zone seen here.

Do you think that if this exact scenario had played out in RTH(if price wasn't just sitting still) that maybe it would have rolled on you a bit further before you got out while waiting for a HH in price movement to print?

[patrader]

15m 6E chart

[TradeRunner]

Originally Posted by thalestrader In fact, I'm wondering if you may have a bit of a short bias today...... Did you see the long, and ignore it, or did you just not see it?

Hi Thales

Yes I did have a short bias (see picture). I think I was clinging to that bias and skipped the long you are talking about.

The short I have marked up I didn't see because I wasn't concentrating enough at the time enough though it was at a resistance line. It eventually went down to what would have been my target 140.00 although I'm not sure I would of held it into the news.

So I think there are some things to work on here.

Thanks for the comments.

TradeRunner

[Marko23]

EUR/USD Long in 15m timescale and opportunity in 60m timescale

[patrader]

15m 6E chart

[patrader]

15m 6E chart