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thalestrader

Reading Charts in Real Time

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This current short sequence is tempting, though..

 

I'll pass...considering what you were saying and what I said above, if I took this trade I'd want to actively manage it, and I'm tired...if it were the same thing and price was at the red line, I'd probably feel comfortable enough leaving it overnight.

 

It's pausing on the decline...it may just continue upward without filling a short order. anyway.

EU3.jpg.e1f3005991132a82f99db4433304f158.jpg

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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.

 

20100202-bmr1beq73cd25twjpx74bjsu47.preview.jpg

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.

 

 

Sorry guys, forgot to mark where my stop was and where I executed the sequence.

 

20100203-qtj8x1byg644xirje8pbheybat.preview.jpg

Click for full size - Uploaded with plasq's Skitch

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EUR/USD: trend is up

attachment.php?attachmentid=18801&stc=1&d=1265197722

 

Stopped for this obvious reason, errors do happen!

attachment.php?attachmentid=18802&stc=1&d=1265198914

This was a -1R event and my stupid error.

 

80% may be enough.

attachment.php?attachmentid=18805&stc=1&d=1265200707

tl-10.thumb.png.5c71ffbb393e48759e3038ee845174dc.png

tl-12.thumb.png.82b466e0bf4c1ad168ad2e029ffc9cbe.png

tl-13.thumb.png.fcd8ab101d181ec01b8d5e6816dbbeac.png

Edited by Marko23
Update

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Resistance near old highs from a few days ago as well

(given everytime i have tried this of late its cost me - possibly go the opposite way :))

 

attachment.php?attachmentid=18804&stc=1&d=1265200516

 

No new high, no new low; could become chop mode.

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thanks Marko - when you say no new low, where would I expect this...

I would have thought the lower donchian channel was the new low, and the lower highs was the important thing.

I ask as in trying to follow a few of these ideas, - figure its been easy for me to miss a few simple nuances

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thanks Marko - when you say no new low, where would I expect this...

I would have thought the lower donchian channel was the new low, and the lower highs was the important thing.

I ask as in trying to follow a few of these ideas, - figure its been easy for me to miss a few simple nuances

 

The low border of DC should have fallen instead of risen.

Perhaps Thales could comment on this, maybe I don't understand his definition of chop mode completely.

Edited by Marko23

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This happens when I think too much over wave proportions.

 

The down move had a clear signal, albeit against the up trend.

attachment.php?attachmentid=18806&stc=1&d=1265202505

 

EUR/USD had something for everybody

attachment.php?attachmentid=18807&stc=1&d=1265204224

tl-16.thumb.png.1c7c40062bec66f38a5eb396a8cf331d.png

tl-19.thumb.png.6019d233e3db52a8f47800743645dffa.png

Edited by Marko23

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Hi Folks,

 

I'm getting a late start today as we had just enough snow overnight to cause some nuisance (though I prefer snow to no snow this time of yer).

 

At any rate, here is a short sequence on the 6E thatI was not here to take advantage of, but this is how I would like to think I would have approached it had I been in early.

 

Best Wishes,

 

Thales

5aa70fc30c7dd_2010-01-036E1.thumb.jpg.066ca39540e420a4a61131fb49d7b955.jpg

5aa70fc312502_2010-01-036E3.thumb.jpg.f950e4b4c8c0e7b5536823f0fb53aab5.jpg

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The down move had a clear signal, albeit against the up trend.

 

It was against the up trend, but it was at an area of major resistance. I was waiting for that trade...I didn't realize it'd get there so fast from last night, though!

 

...major red resistance line I've drawn...a short sequence at that red line would be very nice.

EU2.jpg.b489cb259e600aba13ca35b501ba3cb4.jpg

EU123.jpg.712232b7cb315d3137a96fe443a0118b.jpg

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6B presented a short opportunity similar to the 6E. Again, all after the fact as I am just now gettin at it and taking a look at where we are.

 

 

Best Wishes,

 

Thales

5aa70fc32a016_2010-01-036B1.thumb.jpg.b4a781c10c0cd6fb7fc960b2ccf679ab.jpg

Edited by thalestrader

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6J did not seem to present a decen short sequence as it declined to first support, and now it seems as though it is perhaps deciding to rally without giving us the benefit of a decent long sequence first.

 

Best Wishes,

 

Thales

5aa70fc32f746_2010-01-036J2.thumb.jpg.c66c4fbe39cbc79d01c07afb12a80484.jpg

5aa70fc3349d8_2010-01-036J3.thumb.jpg.1f5cfeae3d420cf736639462c568c8e3.jpg

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Here is the current ES, 60 and 15 minutes views, showing my preferred entry point in blue. This is Jonbig's trade, though Jon's style is to enter much closer to resistance for a more favorable entry than I in terms f location to risk point. Again, no trades this morning yet for me, as I am just trying to locate where price is on the markets I trade. I would hope that the expert lurkers would at least agree that part of reading charts in real time is identifying whether or not price is at S/R or if is in the middle of nowhere and travelling to its next S/R rest area.

 

 

 

Best Wishes,

 

Thales

5aa70fc33abff_2010-01-03ES1.thumb.jpg.3fa20090ef5a3de25f9ec53304ea5396.jpg

5aa70fc39e521_2010-01-03ES2.thumb.jpg.84d66c96830e8383c8f3606cd9e36455.jpg

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Cut last short in FESX at BE,

I figure this should have accelerated down..... it may, however the next larger move may be to the upside, if this ABC forms into a range, with upside potential above the highs at B.

blue line is not yet set, as there might be a better early trigger.

 

Plus early AUDUSD short was good - took profits at 8820.

 

attachment.php?attachmentid=18820&stc=1&d=1265209195

FESX1.png.cda52e20ee3b4b53365b2f3d592b64c8.png

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Current look at the 6E ...

 

The long 6E/EURUSD never triggered, and instead, price is duking it out with the trendline that was shown here last night, and price has currently landed more blows than the trendline as it is now trading below it.

 

Best Wishes,

 

Thales

5aa70fc3b50c3_2010-01-036E2.thumb.jpg.a8df807fc05c942f9ce4476f12fa3178.jpg

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