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Old 01-29-2010, 03:18 PM   #3913

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Re: Reading Charts in Real Time

Quote:
Originally Posted by DugDug »
stopped out for loss at top level.

Continual lesson to ponder:should I have cut earlier at BE of 26, as this popped back through the level with some vengeance?
Hi DugDug,

First, thank you joining us and thank you for posting your charts. One thing that may facilitate discussion of your trades would be if we could se at a glance you entry, stop, and profit targets (if any - more on this in a minute). What we have adopted here as a sort of easy to view short hand is to place a blue line at entry, red line at stop loss, and green line at profit targets. This lets any one of us see at a glance how you had planned the trade, which brings me to the subject of profit targets.

If I understand your trade(s) today, you were short from two different points. It looks as though you had some good movement in your favor, and then both positions were stopped for losses. Did you have profit targets? Do you trade with targets? I am not being critical one way or the other - we each have to trade in our own way, and I am just curious if you had a profit objective in mind or not, and if not, how do you manage your stops?

Have a great weekend!

Best Wishes,

Thales
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Old 01-29-2010, 03:24 PM   #3914

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Re: Reading Charts in Real Time

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Originally Posted by thalestrader »
Crude has traded from yesterday's high to within 13 cents of yesterday's low, and it looks like it might be getting close to time to get long of some crude.


Crude finally worked its way to yesterday's low, and rather than giving a long sequence it broke that level and gave a nice short opportunity with a brisk 50+ penny drop.



Best Wishes,

Thales
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Old 01-29-2010, 03:38 PM   #3915

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Re: Reading Charts in Real Time

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Originally Posted by Mr_black »
Target 10000
Target 1 filled moving remaining 1 contract to BE next target 10000
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Old 01-29-2010, 04:08 PM   #3916

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Re: Reading Charts in Real Time

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Originally Posted by theonlyone123123 »
You guys should rename this the Hindsight thread. Lord knows there's no real time charts here.
Really?

Quote:
Originally Posted by theonlyone123123 »
I just say I'm a crack dealer...
Well, that explains it.

-Thales
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Old 01-29-2010, 04:15 PM   #3917

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Re: Reading Charts in Real Time

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Originally Posted by theonlyone123123 »
yeah, really. I respect those guys more than the paper traders here.
I cannot even fathom your motives for posting in this thread then, other than to pad your ego in a way that is apparently only possible through an anonymous internet forum.

Why not take this thread off of your subscription list and move on. There is no one making you click on it other than yourself. You are free not to click as well.

Thank you,

Thales
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Old 01-29-2010, 04:20 PM   #3918

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Re: Reading Charts in Real Time

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calm down bro..............
I'm not your "bro", and you can stop posting in this thread.

Thank you,

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Old 01-29-2010, 04:24 PM   #3919

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Re: Reading Charts in Real Time

Quote:
Originally Posted by DugDug »
nervously hanging on to shorts in ZN. ...
Quote:
Originally Posted by DugDug »
stopped out for loss at top level.
...
Something like this was before my eyes when I wrote about Bund forming a top:


There is no exact correlation, but they look similar.
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Old 01-29-2010, 04:36 PM   #3920

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Re: Reading Charts in Real Time

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Originally Posted by thalestrader »
Current look at the weekly EURUSD shows the EU about to undo in 10 weeks the price movement it took almost 30 weeks to achieve. ..
Projection method 2 gave these targets
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