[forrestang]

Looks like I was stopped. But the S/R levels worked once they weren't broken. Except the one I took

[thalestrader]

Originally Posted by subterfuge »

Still trading sept. When should one change?
thx

anyone in cable? (6B) broken thourgh resistance on its way further up?

I'm trading Dec now.

I didn't manage to get in on the 6B, but I did buy the 6E.

Buy Stop at 1.4566, initial stop loss 1.4542, with two profit targets: 1.4597, just hit for +30 ticks, and 1.4695 (next stop the December 2008 high?). With +30 ticks and a -24 stop loss, worst case, is +6 ticks.

Best Wishes,

Thales

[subterfuge]

Originally Posted by subterfuge »

trying long ES here at 1032. stop at 28.5

offered me +3.5 points.
stopped for -3.5 instead!

[subterfuge]

Originally Posted by subterfuge »

offered me +3.5 points.
stopped for -3.5 instead!

Well, whatdya know! They stop me out at about the low tick and then rally it 16 points!! nice, lol.

[Gabe2004]

Originally Posted by thalestrader »

Busy morning for me and no time to post. Here is a possible late day trade for me on the 6E futures:

Sell stop 1.4432, stop loss 1.4449, profit target 1.4385

Hello Thales

Could you tell us what was your reason for chosing 1.4385 as your profit target?

Thanks

Gabe

[thalestrader]

Originally Posted by Gabe2004 »

Hello Thales

Could you tell us what was your reason for chosing 1.4385 as your profit target?

Thanks

Gabe

Hi Gabe,

Sure I will tell you. In fact, I'll do better and I will show you. I have attached two screenshots with annotations, one rolled back to before the entry, and one showing the completed trade. I think that the explanation on the screenshots along with these annotations should be sufficient to explain the trade. As you will see, there was nothing fancy or mysterious involved in setting the entry order (buy stop 1.4549), the stop loss (1.4532), and the profit target at 1.4585. The reason I select any trade parameter is always plainly visible on the chart.

Best Wishes,

Thales

[forrestang]

Looks maybe like two possible shorts, E/J and G/J shorts here? Maybe sell pb?

[thalestrader]

Originally Posted by forrestang »

Looks maybe like two possible shorts, E/J and G/J shorts here? Maybe sell pb?

Aussie is weakest against the Yen right now.