[thalestrader]

Originally Posted by Gabe2004 »

I have added a short option.

What do you think about the entry point for the short?

Thanks

Gabe

How are you doing, Gabe?

Best Wishes,

Thales

[thalestrader]

Originally Posted by forrestang »

Thales,
Two quick questions:
1.) In the picture below, would you say that this is too loose to fit the criteria I quoted in the first quote, for price drawing a line in the sand if you will? I was just trying to find an example, not the best example. Would a long at either the 1st or 2nd green arrow make sense based on the quote above?

2.) I've been more so doing the thing mentioned in the 2nd quote more often than not. Is there a way you go about picking which way you plan to trade, i.e. shorting the breakdown that picked a figure or playing the continuation? In this second picture below, it may not be the best example but I am trying to find something real time.

Would you say that price has somewhat drawn a line in the sand to the downside along with that swing high to the far right from which I have drawn the red line. And either a BO above the green line at top or down the green line bottom make sense?

Again, this isn't the best example but looking for something showing the general 'swings' and how it might relate to reasonable direction.

Hi Forrest,

I have to admit that I spent a bit of time with your charts, and to tell you the truth, I have a hard time looking at them and seeing anything. If you could post future charts on a white back ground with dark candles/bars, text, and no grid, I would have an easier time answering you more quickly.

In your first chart, I am not sure what you mean by "pbs." As far as the areas where you suggest various entries, nothing really jumps out at me as a favoable opportunity, though that may very well have more to do with the chart appearance and presentation than the price action depicted on the charts.

Perhaps zooming in a luttle closer (increase the bar spacing) would also help.

I'm sorry I couldn't do better.

Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

You might find it easier if you were to focus on breakouts that are trend continuation BO's rather than trying to trade countertrend BO's.

Originally Posted by thalestrader »

That measurement for this particular pattern looks to identify a potential downside target of about 1500 ticks.

Well, I would not have thought that the first 250 ticks were imminent, but the market is going to do whatever it is that the market wants to do.

Best Wishes,

Thales

[Gabe2004]

Originally Posted by thalestrader »

How are you doing, Gabe?

Best Wishes,

Thales

Hello Thales

I got 80 pips out of the move. I was watching a movie and did not think that the move down will be so decisive and quick so I was not watching it (a blessing by itself because knowing myself, I would have closed half the position after 10-15 pips but as things happened, i got my full target for both halves).
Anyway, it was a good lesson for me iby bracketing the move.
I shoud have put my secondary target at around 143.50. I am not sure about the 1st target.

Thank you for your explanations and comments.

Take care

Gabe

[forrestang]

Originally Posted by thalestrader »

Hi Forrest,

I have to admit that I spent a bit of time with your charts, and to tell you the truth, I have a hard time looking at them and seeing anything. If you could post future charts on a white back ground with dark candles/bars, text, and no grid, I would have an easier time answering you more quickly.

In your first chart, I am not sure what you mean by "pbs." As far as the areas where you suggest various entries, nothing really jumps out at me as a favoable opportunity, though that may very well have more to do with the chart appearance and presentation than the price action depicted on the charts.

Perhaps zooming in a luttle closer (increase the bar spacing) would also help.

I'm sorry I couldn't do better.

Best Wishes,

Thales

No worries, that probably wasn't the best example or the clearest example. I will repost with something that makes more sense the next time I see it.

[Gabe2004]

Originally Posted by Gabe2004 »

Hello Thales

I got 80 pips out of the move. I was watching a movie and did not think that the move down will be so decisive and quick so I was not watching it (a blessing by itself because knowing myself, I would have closed half the position after 10-15 pips but as things happened, i got my full target for both halves).
Anyway, it was a good lesson for me iby bracketing the move.
I shoud have put my secondary target at around 143.50. I am not sure about the 1st target.

Thank you for your explanations and comments.

Take care

Gabe

Here is the chart for my trade from yesterday
Too bad that I cannot stay awake 24 hours a day without side effects

Notice the 50% retracement around 01:00.

Gabe

[thalestrader]

Hi Folks,

Due to a family illness, I will not be able to post and respond regularly over the next few weeks. I'll check in when I am able.


Best Wishes,

Thales

[Gabe2004]

Originally Posted by thalestrader »

Hi Folks,

Due to a family illness, I will not be able to post and respond regularly over the next few weeks. I'll check in when I am able.


Best Wishes,

Thales

I/we hope that all will end up well Thales.

Gabe