Reading Charts in Real Time

[Mr_black 10]

fbo @ rtl purple channel line I am reversing my position (P/L-1.25 on first trade)

trade closed p/l +2

[Kiwi 16]

GU closed last night. First target hit in down move for 92. Second part removed for 117.

 

If we were in a trendy zone I would probably have held the second but we are between major resistance areas on daily so I'm prepared to wait to break from that before pursuing long holds.

[thalestrader 14]

Been a long while... but i'm back...

 

What is that chart?

 

Best Wishes,

 

Thales

[thalestrader 14]

Short GU continues ... very Thalesy ...

 

That made me smile, which is something I very much enjoy doing. So thank you for the smile!

 

I had an event to attend last night, and I set a sell limit to get short the 6B at 1.5105. Much to my chagrin, I came home to find that that was the high tick and I did not get a fill on even one contract. I'm happy to see that you were able to take advantage of a such good opportunity.

 

Best Wishes,

 

Thales

[thalestrader 14]

fbo @ rtl purple channel line I am reversing my position (P/L-1.25 on first trade)

 

Mr_black,

 

Are you typically always in during RTH? In other words, is your method either long/short, never flat?

 

Best Wishes,

 

Thales

[thalestrader 14]

Current look at the 6E showing the 240 minute and then a drill down on a 1 minute ...

 

 

 

Best Wishes,

 

Thales

[Marko23 10]

First chance Long on GBP/USD, IB data.

 

[Marko23 10]

First chance Long on GBP/USD, IB data.

 

Long triggered

 

[Marko23 10]

Long triggered

 

Long crossed first target c = b+100%b .

Long crossed second target c = b+100%a .

I'm out with second target and profit > 1.1R.

 

[BlowFish 10]

Hi Marko,

 

I am rather interested in your DAX cycles and sequences. If it's not too much trouble I wonder if you might post a little about them (perhaps just a sentence when you post the first DAX chart of the day). I get the impression it is kind of informal so perhaps thats not practical.

 

Cheers.

[Marko23 10]

GU "pinged" the first resistance zone.

 

[Marko23 10]

Hi Marko,

 

I am rather interested in your DAX cycles and sequences. If it's not too much trouble I wonder if you might post a little about them (perhaps just a sentence when you post the first DAX chart of the day). I get the impression it is kind of informal so perhaps thats not practical.

 

Cheers.

 

Oh dear, I just decided to post GU or EU charts to stay more in touch with the flow of discussion here.

I would prefer to postpone the DAX charts.

 

Kind regards,

Marko

[Marko23 10]

GBP/USD begins to feel choppy to me, maybe too sensitive.

 

 

New low and test of 3 day low followed. Therefore no chop zone.

Edited March 24, 2010 by Marko23

[Marko23 10]

 

12:19 Too early, didn't wait for my colored bars; no idea why. Out with small loss.

 

12:55 It was the test of the three day low and the quick reaction.

Edited March 24, 2010 by Marko23

[Marko23 10]

Down trend continued.

I didn't trade that, had too much respect for the old three day low.

 

 

Edited March 24, 2010 by Marko23

[thalestrader 14]

Oh dear, I just decided to post GU or EU charts to stay more in touch with the flow of discussion here.

I would prefer to postpone the DAX charts

 

I would like to second Blowfish's request concerning the DAX. I may not comment on your charts very often, and I have no plans to change my sleep schedule so as to allow me to trade the DAX AM session, but I do like to follow along with you. You are free to post whatever you like here - DAX, EURO, Pork Bellies, Beans, Crude Oil - nothing is off limits so long as it can be charted and traded.

 

Best Wishes,

 

Thales

[Marko23 10]

I would like to second Blowfish's request concerning the DAX. I may not comment on your charts very often, and I have no plans to change my sleep schedule so as to allow me to trade the DAX AM session, but I do like to follow along with you. You are free to post whatever you like here - DAX, EURO, Pork Bellies, Beans, Crude Oil - nothing is off limits so long as it can be charted and traded.

 

Best Wishes,

 

Thales

 

You and Blowfish seem to like manifoldness as much as I do.

I'll switch back to FDAX from tomorrow.

 

Many thanks for your feedback.

[Marko23 10]

GBP/USD made a new three day low and came back to the previous one.

A "1" up may have developed.

 

[BlowFish 10]

You and Blowfish seem to like manifoldness as much as I do.

I'll switch back to FDAX from tomorrow.

 

Many thanks for your feedback.

 

I have a love hate relationship with the DAX....at the moment it's love. It does seem to exhibit schizoid tendencies now and then though. )

[Marko23 10]

FDAX !! showed a very good example of TVGR today.

 

It opened with gap down (magenta) and closed the gap after seven bars.

TVGR states that only after a gap close within the first two bars, the direction

signal of the gap is neutralized.

 

FDAX responded with new 2 day low, but the strong uptrend gives FDAX

a new daily high now.

 

I'll not paint any hindsight signals, everybody could take profit during the day.

 

Edited March 24, 2010 by Marko23

[Marko23 10]

I have a love hate relationship with the DAX....at the moment it's love. It does seem to exhibit schizoid tendencies now and then though. )

 

I love those gaps most, very reliable they are.

[Marko23 10]

Everything can happen with FDAX after the EU decision on Thursday about GR.

 

[Mr_black 10]

p3 4 tick stop

[Mr_black 10]

p3 4 tick stop

exit on ftt p/l-.25

[daedalus 10]

One trade today (well one winner, the other was a par).... again just lower high reversal trades... I took profit at prior Support after seeing prices stall and start to reverse there.... Again, hindsight is 20/20 and the thing caved but i'll take my little +12 profit and waltzed away.