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Old 09-13-2009, 10:41 PM   #249

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Re: Reading Charts in Real Time

One day I hope to trade like Thalestrader
(ie - set my target and stick to them)
As it is I get out of profitable trades too early.

I'll try and leave this one alone.

Gabe
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Old 09-14-2009, 12:51 AM   #250

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Re: Reading Charts in Real Time

I have no idea if this would trigger, but I like the long side of ES maybe for a trade. Short could setup later maybe?

Potential entry a 29, stop 25.25 and target at 34.50.

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Old 09-14-2009, 07:49 AM   #251

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Re: Reading Charts in Real Time

Quote:
Originally Posted by Gabe2004 »
One day I hope to trade like Thalestrader
(ie - set my target and stick to them)
As it is I get out of profitable trades too early.

I'll try and leave this one alone.

Gabe
I wanted to close the trade earlier but decided to stick to my guns. In hind sight it was the wrong decision.
In any case, I had a small profit that beats a small loss anytime.
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Old 09-14-2009, 07:55 AM   #252

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Re: Reading Charts in Real Time

Quote:
Originally Posted by forrestang »
I have no idea if this would trigger, but I like the long side of ES maybe for a trade. Short could setup later maybe?

Potential entry a 29, stop 25.25 and target at 34.50.

Hi Forrest

What timeframe is this chart?

Thanks

Gabe
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Old 09-14-2009, 09:45 AM   #253

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Re: Reading Charts in Real Time

Sorry for the late post - ES long 1031.25
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Old 09-14-2009, 09:57 AM   #254

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Re: Reading Charts in Real Time

Quote:
Originally Posted by forrestang »
I have no idea if this would trigger, but I like the long side of ES maybe for a trade. Short could setup later maybe?

Potential entry a 29, stop 25.25 and target at 34.50.
Surprisingly Target Hit!!!


Quote:
Originally Posted by Gabe2004 »
Hi Forrest

What timeframe is this chart?

Thanks

Gabe
It was a 15min
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Old 09-14-2009, 10:28 AM   #255

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Re: Reading Charts in Real Time

Quote:
Originally Posted by thalestrader »
Sorry for the late post - ES long 1031.25
50% target filled at 1035.75. Stop loss is now at entry, and the profit target for the remaining position is 1040.50

Best Wishes,

Thales
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Old 09-14-2009, 01:28 PM   #256

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Re: Reading Charts in Real Time

Quote:
Originally Posted by thalestrader »
50% target filled at 1035.75. Stop loss is now at entry, and the profit target for the remaining position is 1040.50

Best Wishes,

Thales
I was thinking this last night......but in your opinion, wouldn't the more logical target be at 1039.50, where the bulk of rejection has occurred recently? Of course your target could be hit, but if you see this in hindsight, what do you think? I am sometimes confused at how I should go about picking a target myself, any help would be appreicated.


Also, on a general note, why do I still feel like finding a trade everyday is going to be difficult? It seems I do ok hitting a trade most of the time, but I still feel shocked when it works out the way i anticipated, this is not a good emotion to have I would imagine?
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