[thalestrader]

Originally Posted by thalestrader »

Hi Folks,

A last look at the GBPUSD before bed. A short at 1.5940 with a target of 1.5850 and a 1.5981 stop loss looks good to me.

Best Wishes,

Thales

Hi Folks,

This would have been either a -15 tick loss or a break even trade at best. I have placed an explanation on the chart.

Best Wishes,

Thales

[brownsfan019]

Saw this on the ZN 15 min. I didn't trade it directly but was long into that move up. Not sure if this qualifies as an exact setup as Thales uses, but thought I'd share.

[thalestrader]

Hi Folks,

I'll be watching how price acts right here for clues on ES. If price holds above the represented support zone and manages a rally back above yesterday's low, I would anticipate a rally that may exceed yesterday's high. Targets 53.25, 60, 65.75.

Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

Hi Folks,

I'll be watching how price acts right here for clues on ES. If price holds above the represented support zone and manages a rally back above yesterday's low, I would anticipate a rally that may exceed yesterday's high. Targets 53.25, 60, 65.75.

Best Wishes,

Thales

I'm not convinced that ES won't attempt to hammer out a low of day right around here, but should this level fail to hold then the next support I would be looking at is shown is this chart.

An aggressive long entry would be a buy stop at 39.75. For anyone trading Taylor, this is a Buy Day, which means we should anticipate a decline into support that will enable one to position oneself long into a subsequent rally.

Best Wishes,

Thales

[thalestrader]

Originally Posted by brownsfan019 »

Saw this on the ZN 15 min. I didn't trade it directly but was long into that move up. Not sure if this qualifies as an exact setup as Thales uses, but thought I'd share.

Looks great, Brownie! Thank you for sharing and keep them coming. What this thread should help folks se is that price does trace out patterns that repeat across markets and across timeframes. Your 10 year note chart displays a long opportunity that is very similar that presented on the GBPUSD/6B two nights ago and posted here in this thread and reproduced here below.



Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

An aggressive long entry would be a buy stop at 39.75.

A somewhat better entry would be a buy stop at 40.25 if 36.75 holds.

Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

A somewhat better entry would be a buy stop at 40.25 if 36.75 holds.

Best Wishes,

Thales

You know what they say, "if you don't bet, you can't win." And this is followed by, "If you lose all your chips, you can't bet." So stop loss is in place and it is up to the market.

Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

You know what they say, "if you don't bet, you can't win." And this is followed by, "If you lose all your chips, you can't bet." So stop loss is in place and it is up to the market.

Best Wishes,

Thales

Stopped out - 3.5/-4. And will await a clear opportunity. Today was unusual in that rather than hold my short from the break of the first 5 minute low, I stopped and reversed at what I had anticipated to be support. As a general rule, I do not fade gap opens (and yes, I do believe that gaps are real and important). I do poorly whenever I try to fight the day's trend. A lesson I find myself needing to learn and re-learn over and over again.

Best Wishes,

Thales