TygerKrane's Pip-Pickpocketing

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MightyOne
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Re: TygerKrane's Pip-Pickpocketing

Postby MightyOne » Sun Feb 28, 2016 3:45 am

I don't believe in trading gaps, I don't even allow my charts to display gaps :lol:

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TygerKrane
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Sun Mar 06, 2016 3:03 am

Image
Week 10; Ending: Mar, 4
-3.3%
Entries: 28
33.4% Targets: -2/8 ⇒ $1500
Image


So this week was good in that after coming off of my huge loss from last week, I was completely in control and relaxed, in regards to maintaining my discipline.

This week was also a week though, where I wished I was better at reversing my trading direction when my analysis/expectation/prediction seems not to be coming true. Previous Pivots that I wanted PA to reverse from, instead, continued +100 pips past.

I only tried to double on two entries this week, I was mostly focused on trying to take 15-25 pips if I was actively watching a trade; only if I was going to sleep or something would I let a trade run and hope to return to a decent move. Additionally, I was working on taking small profits on trades after they had been in profit for much more. ((For example, if a trade was in profit 30 pips, and then pulls back to 10 pips, I will usually choose to take a loss on the trade since I am hoping for PA to return to that larger amount. This isn't too serous a problem at my 4:1lev entry sizes, but once I start doubling, it can sabotage my progress quite a bit.))

Lastly, I'm also thinking of changing one of the timeframes that I watch in my 3-chart setup; I think I want to COMPLETELY AVOID looking at the H2 timeframe, and instead, only look at H8/M15/M3 . I want my larger timeframe focus to be more on the final results of the three major trading sessions and how they react to each other, instead of trying to actively make decisions off of what happens within each season. This is going to be SUPER-awkward for me, I can feel it already...

At least I won the battle with myself this week.

※※※※※※※※※※
“It definitely wouldn't be cool to lose my cool two times in a row...Actually, it wouldn't be cool to lose my cool EVER AGAIN :!: " ____________________~ TygerKrane

"I only need to protect myself from myself, at this point..."--Amen--

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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TygerKrane
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Sun Mar 06, 2016 12:18 pm

Some likeable entries:

EG Short

Entry
Image

Exit
Image


NU Long

Entry
Image

Exit
Image


NU Long

Entry
Image

Exit
Image


EG Long

Entry
Image

Exit
Image


NU Long

Entry
Image

Exit
Image


EG Long, +25pips

Entry
Image

Exit
Image

Afterwards, (great choice on deciding to exit, and, why I have to get myself to stop thinking that EVERY trade off of a week extreme is destined for greatness; ok OK it's not exactly off the week low :^o but...)
Image


EG Long, (one of the trades that I doubled on). This is immediately after the NFP.

Entry
Image

1stDouble
Image

Exit, (exited for 5pips after I turned down the chance to manually exit at +14pips)
Image

Afterwards
Image

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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TygerKrane
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Sun Mar 06, 2016 6:18 pm

MightyOne wrote:I don't believe in trading gaps, I don't even allow my charts to display gaps :lol:

I do remember you stating years back to treat gaps like MOMO, that was a cool light bulb :idea: moment

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Sun Mar 13, 2016 3:22 pm

Image
Week 10; Ending: Mar, 11
-7%
Entries: 28
33.4% Targets: -2/8 ⇒ $1500
Image


Getting used to trading using H8 as my largest timeframe rather than H2...my M15 chart shows me the last 10 hours of data, so that's the extent of detailed H8 info I get.

The loss of 7% wasn't b/c I strayed away from my weekly loss limit of 5%. I mistook my account balance by $20 when I made my calculations at the beginning of the week (I thought my account was smaller than it actually was.) So I traded responsibly and stopped when I was supposed to...it was only on Friday when I was doing my calculations that I realized what happened.

I actually was kind of surprised that I couldn't make a positive week this week. --Winning the battles, but Losing the war-- is what it feels like, really. The week seemed to start off well, and it's not like I was even feeling lost or anything. The thoughts really started to hit me though that unless I start doubling, my tit-for-tat Entry Lev trades were not going to get me anywhere.
Furthermore, it seemed like I was mostly doing a good job with having under 20pip SL's.
It really was a stinker that I missed the MASSIVE Short that happened on NU... I got stopped out by PA going 0.5pips past my SL (making the new day high.) I was at 1stDouble 8lev with a 2ndDouble entry setup 15 pips away from my Entry. 16-18% would've been nice.

I made the decision that even though I am going to trade this upcoming week in a regular, serious fashion, that after the week is done, win, lose, or draw I am going to put money back into my account, I will start at $2200 again.

I also put together my e-book and gave it read a through this weekend. It is a collection of all of my end-of-week reviews from the various times throughout the years that I was posting my weekly account balance. Looking to concentrate on any gems that I realized, or, recurring weaknesses that plagued me.

※※※※※※※※※※
“It definitely wouldn't be cool to lose my cool two times in a row...Actually, it wouldn't be cool to lose my cool EVER AGAIN :!: " ____________________~ TygerKrane

"I only need to protect myself from myself, at this point..."--Amen--

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Thu Mar 17, 2016 1:50 am

From my notes/'Questions to Provoke Thought' for this week:
{Dollar Index, H4 chart};
https://www.mataf.net/en/forex/tools/currency-index

Image

Image



:lol: :lol: :lol:

Image

:lol: :lol: :lol: :arrow: :shock:

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Re: TygerKrane's Pip-Pickpocketing

Postby PTG » Thu Mar 17, 2016 3:25 pm

All that thinking, way too difficult for me. Years ago, Dragon told me I was thinking too much. And he was absolutely and 100% right. After I found out the hard way, I know better now. I'm not thinking any longer. I just follow the money. What this means is: if the market turns around, I turn around. I don't predict, I don't think, I don't need statistics, I don't need no stinkin' indicators, I just put on a trade in the other direction. I may hedge, move s/l to b/e, or take profit, or not, depending on how much profit I've got at a certain point in time. I trade one instrument and one instrument only, I have decided today, in a further attempt to simplify things. I don't question my entries, they are mechanical. I merely make decisions about my exits, the question being if I have enough profit overall. Simple does it ;)

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Re: TygerKrane's Pip-Pickpocketing

Postby PTG » Thu Mar 17, 2016 3:32 pm

Have a look at -say- an H1 chart. A clean one, no BS. It only hurts the eye and leads to nothing but question marks in your head. At a new high, put a sell stop under the low, stop above the high. At a new low, do the opposite. If not triggered, move your entries at the toth. Or use H4. Or daily. Take profit when you have enough. Hedge when you don't. Move s/l if you have enough but feel like giving the market another go to take your entry deeper into profit. There.

Drain the banks, please. I think I've found a new signature right there.
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Fri Mar 18, 2016 2:17 pm

Thanks, I appreciate it. I definitely have some room for simplification.
That quest for Holy Grail perfection always seems to creep in if I'm not careful.

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Re: TygerKrane's Pip-Pickpocketing

Postby PTG » Fri Mar 18, 2016 4:47 pm

TygerKrane wrote:Thanks, I appreciate it. I definitely have some room for simplification.
That quest for Holy Grail perfection always seems to creep in if I'm not careful.


and that's the Holy Grail right there - you found it ;)

Thing is, as I see it, that markets are complex systems. You can't predict them very well and those who pretend they can are selling snake oil. So why not do away with that altogether and make sure you enter the market at points that make sense to you, and exit when you're in profit. Just be the leaf and accept that the market does whatever the heck it wants. When you're in profit and you decide to exit because it is "enough", then you're good. The rest is "only" about fear and anxiety prevention techniques, and those are futile; all smoke and mirrors. There will be pain to deal with, and you do have a choice in what kind of pain, but dealing with it you shall. This concept is so powerful and simple it hurts the brain.

I don't need the left hand side of the chart, except the last 2 hours trading H1. How simple is that ?
I don't even care about the news. Everything that is being taught as common sense, or even so-called contrarian info, can go right there where it belongs: the dustbin. Why ? The majority use it and they lose. This goes further than just getting rid of squiglies. A chart means nothing to me, absolutely nothing. Sounds contrarian, right ? LOL

Who said again "all you need is a horizontal line" ?
As long as it makes sense to you I would add, but anyway. Drawing a line is just that, drawing a line. Like -say- on an hourly time frame when the market has turned around. Or not, you could use the last bar and put an entry above or below in the direction of the close. Or reverse. And then comes the inevitable moment to enter the market and give a little to have great rewards in return 8)

Selling houses is about location location location.
What works for me is simplify, simplify, simplify.


There is a time for everything.
Some will remember these posts at some point in time and see their personal light.
Hope this helps ;)

Drain'em !
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