Reading Charts in Real Time

[patrader 10]

15m 6E chart

[Mr_black 10]

filled @1.3943 stop 1.3928 limit 1.3964

stop hit P/L-15

[Cory2679 11]

Potential reversal on USD/JPY downmove?

[Marko23 10]

EUR/USD Projections in daily chart

 

[thalestrader 14]

This is after the fact, but so far today I have not done anything but this demo short on crude at the level shown. I actually set the sell limit order and had forgotten about it until it was filled.

 

The recent rally in the 6E &6B has been too choppy and overlapping - I'd like to see some swings break out and extend (impulse/thrust) before I get involved.

 

 

 

Best Wishes,

 

Thales

[thalestrader 14]

Current look at the 6E ... not too inviting, at least not to me ...

 

 

 

Best Wishes,

 

Thales

[patrader 10]

15m 6E chart(price riding the tcl)

[patrader 10]

6E Daily chart

[patrader 10]

ES Daily chart

[patrader 10]

15m 6E chart

[Cory2679 11]

Potential reversal on USD/JPY downmove?

 

It's getting late, so even if it was I would not be taking that long at this point.

 

Still a good place for a SL on a short, though, if not tighter.

 

EDIT: Added an image with a trendline I didn't show in the others...

Edited February 2, 2010 by Cory2679

[patrader 10]

15m ES chart

[jonbig04 10]

I exited for the 15 min between RTH and globex (broker requirement), but will be getting back in at the same spot, with the same stop when trading resumes in 10 minutes or so.

 

Click for full size - Uploaded with plasq's Skitch

 

Oh I know it's not "real time" haha. For the first few minutes after entering, the last thing I'm thinking about is posting it. If it's not real time enough feel free to ignore me! No hard feelings.

[thalestrader 14]

Well, that ellipse pretty much encompasses PA on the 6E/EURUSD during my time of day, and let me tell you, that is not my kind of market. The only trade I did all day was a demo on crude for 9 tick loss as I tried to fade the rally only to get steam rolled.

 

 

 

Best Wishes,

 

Thales

[thalestrader 14]

Current view view of the US Dollar index shows the DXYO pulling back from our first resistance target. The assumption for now is that the Buck will pullback to the vicinity of the lower two horizontal trend lines, and then make go at clearing first resistance, and clearing that, I'd expect the buck to rally to the next level shown.

 

 

 

Best Wishes,

 

Thales

[patrader 10]

15m 6e chart(possible wedge and R)

[Cory2679 11]

Current look at 4 hour GBP/USD chart...

[Cory2679 11]

A little late...EUR/USD short...

Edited February 3, 2010 by Cory2679
posted wrong chart

[Cory2679 11]

A little late...

 

Trading on the couch with a laptop in my lap is a little much. I believe I'm going to try it with a table and my laptop wireless mouse tomorrow night!

Edited February 3, 2010 by Cory2679

[Cory2679 11]

A little late...EUR/USD short...

 

BE effort............

[thalestrader 14]

Looking at a channel on the 6E ... this is just mad doodles of a trading waiting for something to happen, so do not take any of the arrow scribbles as prediction, not even anticipation. Just taking notes and drawing marginalia.

 

The channel is interesting though, in the context of the recent downtrend. I would expect at some point for price to break below the lower trend line and retest the low, if not break to new lows.

 

Best Wishes,

 

Thales

[MidKnight 12]

Not much has changed since yesterday. The 'immediate' minor R is being challenged and I'll be looking for shorts within there. Should go higher, there is the previously mentioned obvious R at the lower range covering the majority of last weeks entire trading. I'll be more aggressive on shorts and scale them out less aggressively in 1/4ths playing for when the trend will finally re-assert itself. Unless something is brutally obvious, I won't do any long unless we go below Monday's trade, but preferably below 1.5833 on a probe. I'll scale out longs in 1/2s. Anything else is consider scalps with all in/out mentality.

[Cory2679 11]

BE effort............

 

It's ashame, too...

 

EDIT: A real shame...

Edited February 3, 2010 by Cory2679
update

[thalestrader 14]

...The channel is interesting though, in the context of the recent downtrend. I would expect at some point for price to break below the lower trend line and retest the low, if not break to new lows.

 

It looks as though the 6E is now on its way to the lower channel line. My guess is that price will bounce there and continue this little rally off last week's low, but that is only a guess.

 

Best Wishes,

 

Thales

[Cory2679 11]

It looks as though the 6E is now on its way to the lower channel line. My guess is that price will bounce there and continue this little rally off last week's low, but that is only a guess.

 

I see what you're saying...I think likely up to that major red resistance line I've drawn...a short sequence at that red line would be very nice.

 

This current short sequence is tempting, though..