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Old 01-21-2010, 01:20 PM   #3569

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Re: Reading Charts in Real Time

Oil

Looking for a reversal breakout above #2

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Old 01-21-2010, 01:36 PM   #3570

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Re: Reading Charts in Real Time

We'll see if I have any fingers left from trying to catch this knife - long 14 Stop is now 12quarter.

Best Wishes,

Thales

EDIT: Trades like this make it a sport, don't you think?
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Old 01-21-2010, 01:38 PM   #3571

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Re: Reading Charts in Real Time

For completeness sake here is the final chart of the euro trade I took on Monday night.

Initial entry was 4277 and I scaled out at 4258 (1/2), 4205 (just over 1/4) and 4125 (the rest) was hit this afternoon when euro went walkabout.

I'm not used to letting trades run this long (half a day is usually my max!) so I'm sure the scaling out etc. could have been massively improved upon but lots of lessons learnt for the future.

Reading Charts in Real Time-eurusd-100119-m15l.gif

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BT
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Old 01-21-2010, 01:41 PM   #3572

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Re: Reading Charts in Real Time

Quote:
Originally Posted by Beachtrader »
For completeness sake here is the final chart of the euro trade I took on Monday night.

Initial entry was 4277 and I scaled out at 4258 (1/2), 4205 (just over 1/4) and 4125 (the rest) was hit this afternoon when euro went walkabout..
I'd be very pleased with that trade had I made it with your results. Great job!

Best Wishes,

Thales
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Old 01-21-2010, 01:48 PM   #3573

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Re: Reading Charts in Real Time

Once in a while I have these streaks where the couldawouldashoulda ES trades would have been keepers, while the trades I actually manage to get an order off on would have been better never to have been born. A bounce from here that does not make a new high will cause me to pull the rip cord on this trade.

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Thales
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Old 01-21-2010, 01:51 PM   #3574

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Re: Reading Charts in Real Time

Quote:
Originally Posted by Dinerotrader »
Oil

Looking for a reversal breakout above #2
Got stopped out and had to switch things up.

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Old 01-21-2010, 01:54 PM   #3575

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Re: Reading Charts in Real Time

Quote:
Originally Posted by Dinerotrader »
Oil

Looking for a reversal breakout above #2
Dinero,

Do you think price might make a test of the 12/22 3PM-ish $75.50 high?.

Best Wishes,

Thales
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Old 01-21-2010, 02:03 PM   #3576

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Re: Reading Charts in Real Time

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Originally Posted by thalestrader »
Dinero,

Do you think price might make a test of the 12/22 3PM-ish $75.50 high?.

Best Wishes,

Thales
Yea, there might be lots of support to hit in this area. I'll probably keep the stop closer than ususal on the short I am in.

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