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thalestrader

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Stop loss is now 1.3630, or +1.25R...

 

Stopped at +1.25R on the 6E ...

attachment.php?attachmentid=19691&stc=1&d=1267408270

 

 

Based upon one contract traded in Ninja demo, tonight, based upon my actual initial hard stop in both of these trades, was +3.22R. My actual take based upon my actual CL entry, and after commissions, is +3.54R, which is not a bad start to the month (I consider tonight's trades to be March as I closed the book on February 26,2010). It also worth noting that in each case the actual risk was reduced to -.20R within 30 seconds of entry.

 

attachment.php?attachmentid=19692&stc=1&d=1267408656

 

Best Wishes,

 

Thales

5aa70fdd7147f_2010-02-286E8.thumb.jpg.140d99ffe4ab16fbb583156be0edaecb.jpg

5aa70fdd767f3_2010-02-28ThalessOpeningGambit1.thumb.jpg.7371d3fae8dd08b301c3d3a0b510188a.jpg

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Stopped out of CL, now short 6E at 1.3649 and stop loss is -3 ticks or -1/5R ...

 

attachment.php?attachmentid=19687&stc=1&d=1267405261

 

Best Wishes,

 

Thales

 

Interesting. I have a long order in at 1.3601.

 

I'm filled and my exit price is at most 1.3545. Target is 1.3674; however, i may try to get more, but i won't know that until it gets closer to the target. In addition, I may not let it go all the way to 1.3545, but under no circumstance will I let it go below 1.3545

Edited by MightyMouse

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Interesting. I have a long order in at 1.3601.

 

You'll get it there, more than likely - where is your proposed stop loss?

 

If you had the order you got your price. Do you have a stop? Profit target? Chart?

 

Best Wishes,

 

Thales

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You'll get it there, more than likely - where is your proposed stop loss?

 

Best Wishes,

 

Thales

 

i answered your question by editing my post. Whether I stay in until my target or beyond or if I get out before my stop price is completely based on developing market conditions so I have no way of knowing if they are going to develop or not. I do see the potential of this going to 1.3870 or as high as 1.40, before it tests lower. But, I will add that what I think and what will actually happen will likely not line up

 

I won't give a blow by blow, but i'll let you know if works out in the end.

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i answered your question by editing my post...

I won't give a blow by blow, but i'll let you know if works out in the end.

 

Ok. Once I read a post I do not usually go back to look for updates.

 

No problem, I don't expect a blow by blow, but it is nice to know risk/reward on the trade at initiation.

 

Good Luck,

 

Thales

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I didn't trade this one tonight but this is my typicaal manner of approaching the 6E ... I missed placing a short entry at 1.3612 on a sell stop, and then I did place a sell limit, but canceled before price retraced merely because I felt I had missed it and it was not going to retrace. At any rate, the play I'd really like for tomorrow is an opportunity to buy the 6E somewhere right around 1.3500...

 

attachment.php?attachmentid=19694&stc=1&d=1267416555

 

 

Best Wishes,

 

Thales

5aa70fdd7a250_2010-02-286E2.thumb.jpg.62a00b23af4bc0371ad21949b019407e.jpg

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Good stalk, I hope you took that and now are in the drivers seat!

 

Thanks MK,

 

Have already taken it off at my profit targets - now only a spectator :)

 

Cheers,

eNQ

Edited by fxThunder

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i answered your question by editing my post. Whether I stay in until my target or beyond or if I get out before my stop price is completely based on developing market conditions so I have no way of knowing if they are going to develop or not. I do see the potential of this going to 1.3870 or as high as 1.40, before it tests lower. But, I will add that what I think and what will actually happen will likely not line up

 

I won't give a blow by blow, but i'll let you know if works out in the end.

 

stopped out for a loss. Saw no reason to get out earlier than my stop or target so I took it on the chin.

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Stalking a short on GU.

 

Well played, eNQ, well played!

 

I know you posted the entry before it triggered, but believe it or not, there are folks out there reading this thread who will say "he said he was "stalking a short, not that he was actually short ...". Thankfully most of them refrain from posting here and instead play silly on other forums.

 

I found a nice little quote over on one such forum this weekend that I really like:

 

"The person who says it can't be done should never interrupt the person who is doing it." As near as I have been able to determine, this is either a quote from Dale Carnegie or Benjamin Franklin (or Dale Carnegie quoting Ben Franklin?). I always say I give credit where credit is due, so if anyone can provide the actual original source, I'd appreciate it. As it is, I like it so much, I just may use it, at least temporarily, as my signature.

 

Best Wishes,

 

Thales

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The person who says it can't be done should never interrupt the person who is doing it.

 

(if you know the origin of this quote, please let me know)

 

I don't know the origin, but when doing a quick search for it, I found this article...not about trading, but still probably worth a read for aspiring traders...

 

It's basically that quote spread out into several paragraphs...only takes a second to read...it's something I can certainly relate to...

 

The Person Who Says It Can't Be Done Should Never Interrupt The Person Who Is Doing It

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Well played, eNQ, well played!

 

I know you posted the entry before it triggered, but believe it or not, there are folks out there reading this thread who will say "he said he was "stalking a short, not that he was actually short ...". Thankfully most of them refrain from posting here and instead play silly on other forums.

 

..........

 

Best Wishes,

 

Thales

 

Hi Thales,

 

Thanks for the compliment.

 

I tend to ignore these trolls and would refer them to ET where they can find likeminded ignorant dumba..es to play with.

 

In posting here I guess it does open us up to alll sorts of comments but I hope it helps just a few people become better traders. It has and will continue to help me improve my trading.

 

Cheers,

eNQ

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... the play I'd really like for tomorrow is an opportunity to buy the 6E somewhere right around 1.3500...

 

I still have a buy limit at 1.3501, and the LOD thus far was 1.3502 on that last push down. I'm looking for a third push down to get me long at 1.3501, and I have a -1R stop loss that will go into the market in case the next push low, should it come, becomes an impulse to the downside.

 

attachment.php?attachmentid=19699&stc=1&d=1267456442

 

Best Wishes,

 

Thales

5aa70fddb5c51_2010-03-016E9.thumb.jpg.e0e8ef4cb471ad2f2593f2ed40e40836.jpg

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“Those who say it can't be done are usually interrupted by others doing it.”

 

James Arthur Baldwin

 

Thank you, ochie. The quote has been corrected and properly credited ... Thank you very much!

 

Best Wishes,

 

Thales

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... I have a -1R stop loss that will go into the market in case the next push low, should it come, becomes an impulse to the downside.

 

For the record that was a -.58R loss ...

 

attachment.php?attachmentid=19700&stc=1&d=1267458585

 

I know I was looking to buy at 1.3501 since last night, but whenever price gets that close and doesn't let me in, I move my order lower if trying to get long, or higher if trying to get short - see the short example from last night).

 

 

 

Best Wishes,

 

Thales

5aa70fddb84d1_2010-03-016Efills.jpg.f4bb7b1b3d5f73ef3cdfac41b086c7f4.jpg

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