Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

thalestrader

Reading Charts in Real Time

Recommended Posts

You would think that after all of the times I've seen Thales post a real-time chart and then watch his prediction come true, I would take a minute to open an account and then just trade based on his postings. I'd actually feel really bad making a trade that way considering how much focus, time and hard work he puts into each trade. Good chart, Thales.

Share this post


Link to post
Share on other sites
Looks like I was wrong on the xJ pairs direcion.

 

Gabe

 

P1 hit, stop on 2nd half at BE, looking for nat stop.

attachment.php?attachmentid=13993&stc=1&d=1254796189

 

Looks like I was wrong on the xJ pairs direcion.

 

Gabe

Looking at it again, I think the G/U might be in preperation for that long side based on the intermediate swings, if it ever decides to stop meandering around.

attachment.php?attachmentid=13994&stc=1&d=1254796195

5Oct2009_GJ2.jpg.d8c2dc27036a0b6e1fb4bf0736203b9e.jpg

5Oct2009_GU1.jpg.a8291b5479c721a0d501c0b5b88d33ea.jpg

Share this post


Link to post
Share on other sites
Possible target if this rally continues No predictions ... just making notes. If I were long on that breakout, I'd be at or near breakeven on my stop loss.

 

Best Wishes,

 

Thales

 

A final look before bedtime. Buy point was 182, and price moved about 66 ticks from that point before the current consolidation (for now it is a consolidation, though sometimes a consolidation is really a reversal).

 

 

Best Wishes,

 

Thales

5aa70f34db400_10-05-2009YENrangeBO4.thumb.jpg.6089e1a1d8ef7e7be9d7c3cb7e51875c.jpg

5aa70f34e1f4e_10-05-2009YENrangeBO5.thumb.jpg.7a33fad0c701224ccb0ac2d7cb94cff5.jpg

5aa70f34e7a7f_10-05-2009YENrangeBO6.thumb.jpg.3f409f17079551b9c7c1504f2aaee83c.jpg

5aa70f34ed682_10-05-2009YENrangeBO7.thumb.jpg.179638cb24d9451098e04c4d935718d8.jpg

Share this post


Link to post
Share on other sites

Hi Folks,

 

Looking at a longer view of the GBPUSD, I still think that the next 1000+ point move will be down not up. Of course, the GBPUSD will offer a god number of long trades for the day trader during that time. But, the big money is made in the big swings.

 

Best Wishes,

 

Thales

5aa70f34f21a2_10-06-2009GBPJPYWeekly1.thumb.jpg.8fbbd209d12a294b4fa3916b93a19745.jpg

Share this post


Link to post
Share on other sites
A final look before bedtime. Buy point was 182, and price moved about 66 ticks from that point before the current consolidation (for now it is a consolidation, though sometimes a consolidation is really a reversal).

 

 

Best Wishes,

 

Thales

 

I misspoke on the buy point - it was 192, not 182, and as such the actual high of this move produced a +63 tick move. A stop below the reaction that was in the process of playing out would have been 217, or 25 ticks. I had mentioned a stop at BE to -5, and a -5 stop would have been hit to the tick if one did not raise the stop to 217.

 

Best Wishes,

 

Thales

5aa70f3504021_10-06-2009Yen1.thumb.jpg.878376e1d731bfaf1d1d482959962a13.jpg

Share this post


Link to post
Share on other sites

Recap of the overnight:

 

Just a thought on NQ, any opinions?

The 60 min chart thumbnail is a macro view of where we are currently.

There the breakout occured after hours. Let's see how it progresses.

attachment.php?attachmentid=14001&stc=1&d=1254835772

 

Here's mine.

 

Also attaching interesting action on EU as well.

The E/U in fact had the nicest breakout of the night!

attachment.php?attachmentid=14002&stc=1&d=1254836008

 

Looking at it again, I think the G/U might be in preperation for that long side based on the intermediate swings, if it ever decides to stop meandering around.

Wow, the G/U eventually broke out nicely!

attachment.php?attachmentid=14003&stc=1&d=1254836270

move1.jpg.b71af97081d3cc8cc6940fd6f4b4c3ad.jpg

move2.jpg.39856fd02a97cdcb4f5354e5eef73b26.jpg

move3.jpg.0c6d7f69f19bb255e9c5d7bc93c32be7.jpg

Share this post


Link to post
Share on other sites
Just a thought on NQ, any opinions?

The 60 min chart thumbnail is a macro view of where we are currently.

 

There the breakout occured after hours. Let's see how it progresses.

 

Punched through both targets I had set easily. There is more but only had two lots.

 

------EDIT----

Oh, and I had to sit through a bit of heat as I entered yesterday almost at the close like a moron. But price never reached the swing Low where you can see the stop was. It really broke in the AH though, yesterday was kind of a little fake that put me in the trade.

5Oct2009_NQ2.jpg.2b81a947046e18acdd2ff835421de625.jpg

Edited by forrestang

Share this post


Link to post
Share on other sites

If price gets knocked down at Target 1 in the chart, I will exit the trade there, but otherwise I plan to hold this position for several days, or even longer until it reaches Target 2 or even to 43.1.

 

OK, this is really horribly stupid... :doh:

 

QQQQ gapped up and reached target 2 quickly. Then it started consolidating.

Now, I should have taken exited the trade there, but instead, I ADDED to the position.

I set the stop loss at the level of target 1, then I had to run out.

 

Of course the price came down and I got stopped out for a net loss... :crap:

 

I should've taken profits as I had planned. Just because the price moved quickly and looked like there was still more move, I shouldn't easily deviate from the plan.

Especially more so, if the "new plan" is so sloppy (add without waiting for the breakout, set stop loss and leave the trade).

 

 

-z

5aa70f35be7b7_QQQQ30minExit.png.805aa36963a7f37fb2062ba8ea2907cd.png

Share this post


Link to post
Share on other sites

It broke above the down trendline from last week. I think I'm going to go long if it goes above 19.44 tomorrow.

 

It did break above that level this morning, but without much volume and didn't go anywhere. I didn't enter this trade.

5aa70f35c2256_ININ60minbreakout.png.022e7c9d2fc2df8be6fc6778204fb19d.png

Share this post


Link to post
Share on other sites

Hi Folks,

 

Doing some more Yen watching (not much time during the day to watch other markets right now).

 

I noticed that the 6J (which trades inversely to the USDJPY for those spot traders among us) had nicked what ought to have been a bit of support earlier. After a half-hearted bounce, price has again broke below. The last push was quick, and I as I was trying to mark the chart it just moved. Short entry would have been 253-55, and a decent couple of targets look to be 226 and 190.

 

Best Wishes,

 

Thales

5aa70f35d4a25_10-06-2009Yen2.thumb.jpg.3ed0f24bbebf8bf6b85c550c5914b52c.jpg

5aa70f35dabc9_10-06-2009Yen3.thumb.jpg.73bf9ea84767df4af0c33bc295272756.jpg

5aa70f35df130_10-06-2009Yen4.thumb.jpg.4784fd9bb073d1a6fe511fe34af6b7a7.jpg

Share this post


Link to post
Share on other sites

This is where I see breakouts having the potential to breakout shown by the blue lines....if a breakout occurs based on what I see in S/R.

 

There may be a breakout, but I am NOT interested in any of these trades tonight for some reason. So this is a night I'll just observe.

 

Forrest

6Oct2009_Summary.thumb.jpg.3b966c78251d2dc66fcacd2f47a2e068.jpg

Share this post


Link to post
Share on other sites
GBPJPY: No predictions, just making notes

 

Best Wishes,

 

Thales

 

On the Importance of Making Notes: The notes, taken properly will tell you what to do and where before price ever gets to wherever "where" is.

 

Best Wishes,

 

Thales

5aa70f363fc35_10-06-2009GBPJPY2.thumb.jpg.f7f29173c0c8b57bc05f17daa437695a.jpg

5aa70f364573a_10-06-2009GBPJPY3.thumb.jpg.7c2cb20a0bb80b5622247b78c92b62d3.jpg

Share this post


Link to post
Share on other sites
I noticed that the 6J (which trades inversely to the USDJPY for those spot traders among us) had nicked what ought to have been a bit of support earlier. After a half-hearted bounce, price has again broke below. The last push was quick, and I as I was trying to mark the chart it just moved. Short entry would have been 253-55, and a decent couple of targets look to be 226 and 190.

 

Best Wishes,

 

Thales

 

Follow up is noted on chart.

 

Best Wishes,

 

Thales

5aa70f364daf8_10-06-20096J1.thumb.jpg.01122deeccd05236c338f0e3ad7eef6d.jpg

5aa70f3654608_10-06-20096J2.thumb.jpg.e84e08f2f59d48d70c036bb2c09fe5e3.jpg

Share this post


Link to post
Share on other sites

Stop was hit at 25.1 and filled at 25.12. Ended up +0.07 on the trade. Not a good time of the day to trade but that what I had to work with today. I was calm throughout the trade without having to think about being calm so that was good.

I know most here don't watch stocks so hopefully I didn't take up too much space. I'll try to get some futures posts soon.

 

attachment.php?attachmentid=14058&stc=1&d=1254935506

5aa70f36a2283_unh110.thumb.png.625217d20dd153a44cf354cb9fe50b70.png

Share this post


Link to post
Share on other sites

Hi Folks,

 

Just checking in real quick. I see the GBPJPY happens to be at an interesting level at this very moment. I'll be curious to see what price does between now and when I get back this evening.

 

Best Wishes,

 

Thales

5aa70f3705aac_10-06-2009GBPJPY4.thumb.jpg.6e7e89418f7fc2a09c097a5c969835b0.jpg

Share this post


Link to post
Share on other sites

I know most here don't watch stocks so hopefully I didn't take up too much space. I'll try to get some futures posts soon.

 

I feel the same way, but perhaps we can start a trend and see more stock trades. ;)

 

-z

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.