TygerKrane's Pip-Pickpocketing

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TygerKrane
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Tue Feb 14, 2017 7:59 am

Two UJ trades from Tuesday


UJ
10 pips

Set Stop Limit Order
IMG_20170214_023100.jpg
IMG_20170214_023100.jpg (232.42 KiB) Viewed 2874 times


Order triggered
IMG_20170214_023136.jpg
IMG_20170214_023136.jpg (233.13 KiB) Viewed 2874 times


Manual TP
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IMG_20170214_023656.jpg (236.24 KiB) Viewed 2874 times


####****####*****####****
UJ
22 pips

Set Stop Limit Order
IMG_20170214_024852.jpg
IMG_20170214_024852.jpg (218.71 KiB) Viewed 2874 times


Order triggered
IMG_20170214_024954.jpg
IMG_20170214_024954.jpg (214.76 KiB) Viewed 2874 times


Set a TP (for a 40 pip trade )
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IMG_20170214_025230.jpg (220.32 KiB) Viewed 2874 times


Decided to manually exit, instead
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IMG_20170214_025536.jpg (218.92 KiB) Viewed 2874 times

**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 MightyOne » Tue Feb 14, 2017 3:26 pm

If it is not a breakout then it is a "pattern".

There are only patterns and breakouts and one can only trade away from patterns or towards them.

The only questions that you need to ask is where did she come from and where did she go.

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Re: TygerKrane's Pip-Pickpocketing

Postby MightyOne » Tue Feb 14, 2017 3:55 pm

for_TygerKrane.png
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Wed Feb 15, 2017 11:38 am

MightyOne wrote:If it is not a breakout then it is a "pattern".

There are only patterns and breakouts and one can only trade away from patterns or towards them.

The only questions that you need to ask is where did she come from and where did she go.

for_TygerKrane.png

Hey MO,
Thanks for applying your concepts onto my charts, your definition is simple enough, and now with this, I am more encouraged to check out what you've been writing in other threads recently.

IMG_20170215_063258.jpg
IMG_20170215_063258.jpg (246.65 KiB) Viewed 2773 times

**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 » Wed Feb 15, 2017 7:24 pm


:-k :-k :-k

Hey MightyOne,
My obsession with going down into the lower timeframes, once I see something on the higher timeframes -- would that be an obstacle in understanding what you are showing with ovals{= patterns} and arrows{= breakouts}?

((Also, I know you pointed out to Pjort what the curly bracket on your charts meant:
post100237#p100237
post100276#p100276
))

IMG_20170214_013341,a.jpg
IMG_20170214_013341,a.jpg (237.03 KiB) Viewed 2732 times


IMG_20170214_013917,a.jpg
IMG_20170214_013917,a.jpg (224.23 KiB) Viewed 2732 times

**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 MightyOne » Wed Feb 15, 2017 11:42 pm

TygerKrane wrote:
Hey MightyOne,
My obsession with going down into the lower timeframes, once I see something on the higher timeframes -- would that be an obstacle in understanding what you are showing with ovals{= patterns} and arrows{= breakouts}?


I can only give you ideas, the answers must come from within.

Price usually consolidates (forms patterns) around large chart closes so I tend to dissect each bar of a large chart vs looking at the broader price action when examining a small chart. The idea and hints are the same but the application is slightly different; a chart is a chart* (*sort of).

Take the attached daily chart for example, I would never dissect an hourly chart like this because the closing areas are too random; I would simply draw a single oval at the top and note the rejection (first arrow), the breakout (third arrow), and the return (fourth arrow), and then simply trade away from the pattern.
When looking at the daily chart, one can just imagine the number of steps (up, tp, down, tp, etc) that one would have to go through on an hourly chart to accumulate size and get into position (have enough space) for the inevitable daily move.
You have to dig a little deeper into the large charts and trade the small charts without forgetting what it is that you are actually trying to accomplish.

I left a good portion of the chart blank so that you can see, in your mind's eye, price breaking out of and returning to patterns; once you see it, how can you not see it?

For_TygerKrane.png
For_TygerKrane.png (58.47 KiB) Viewed 2701 times

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Trading Midpoints from Extremes

Postby TygerKrane » Thu Feb 16, 2017 3:39 am

MO wrote:When looking at the daily chart, one can just imagine the number of steps (up, tp, down, tp, etc) that one would have to go through on an hourly chart to accumulate size and get into position (have enough space) for the inevitable daily move.
You have to dig a little deeper into the large charts and trade the small charts without forgetting what it is that you are actually trying to accomplish.


So I definitely feel that trading away from midpoints will work better for me than attempting to trade away from extremes.

I like the idea of trading away from extremes, via the midpoints that occur 'near to' the extremes.

However, I feel that trading away from the midpoint of a candle of any particular timeframe is too limiting, so instead, I use the midpoint of the range between two H2 7-Candle Fractals.

High Fractals point out where Long PA movement might have exhausted itself,
Low Fractals point out where Short PA movement might have exhausted itself...

There will be a breakout of either of these two points,
and,
the breakout will occur on whichever side of the midpoint PA is, without fail.

I further extrapolate to the 7-Candle Fractal Range of the H8 chart. (Which shows areas of higher timeframe PA exhaustion; this takes the place of me having to refer to D1 charts.)


¤ I.Only.Trade.Short. : ¤
If the H2 7-Candle Fractal Range is telling me it is ok to go Short, but the H8 7-Candle Fractal Range Midpoint says that the next breakout is more likely to occur to the upside, then my expectations for the H2 are limited, but still ok to trade Short.

If the H2 7-Candle Fractal Range is telling me it is ok to go Short, AND the H8 7-Candle Fractal Range Midpoint says that the next breakout is more likely to occur to the downside, THEN I wish to have a rocket ship built up for a longer-term voyage. (Or maybe it is a bomb I wish to have built, to drop down onto the peons below me as the bottom of the chart falls out, lol ;) )

Yes, there ARE provisions in place to take Short trades while PA is *above* an H2 7-Candle Fractal Range Midpoint, since that IS the premise of a Zline/MightyZone trade, afterall {i.e. trading Short out of H8 Short MOMO MZ's.}

§- Especially when I am looking to take Short trades from above the midpoint -§
One thing I keep in mind is that, PA does not usually move in a straight-line fashion to its lower, breakout destination. There are usually Long Latecomers who will mistakenly push PA back Long into one of the three candles that formed the high fractal pivot...so if PA is above my tradeable zone, it is OK to let PA close below something FIRST, and then WAIT FOR PA to go Long again, in order to take a Short trade while PA is ABOVE my tradeable zone.
If PA closes below something and doesn't PB Long, then that is considered 'An Exception To The Rule', and I don't stress myself about the time I 'wasted' watching a chart move in my direction without attempting a trade...furthermore, I don't stress myself and think that I have to try and figure out some ruleset to catch moves that move Short from
'a high above the H2 High 7-Candle Fractal, without Pulling Back Long First'
because such moves are actually, Exceptions To The Rule.

**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 » Fri Feb 17, 2017 1:20 am

Pretty slick ad campaign they have there :wink:,
I see what they did :shock:
IMG_20170216_200950.jpg
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IMG_20170216_200352.jpg
IMG_20170216_200352.jpg (46.29 KiB) Viewed 2600 times


They used the same font that FXCM uses in its logo...
Screen Shot 2017-02-16 at 9.36.21 AM.png
Screen Shot 2017-02-16 at 9.36.21 AM.png (39.71 KiB) Viewed 2600 times


Well, obviously they are trying to capitalize off of FXCM's recent scandal...but will they accept me as a member?

You can click the FxPro pics if you want to check it out for yourself...

**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 Feb 19, 2017 1:15 pm

Week 9
Week Ending 2/17/17
0%
Entries: 0

IMG_20170219_081932.jpg
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Week high: 0.00%
Week low: 0.00%

I feel like I lost a little momentum by not trading this week, but I also feel that once I get back in my comfort zone, I will be handling a couple aspects of my trading better than before.

This way, hopefully, I will have less of those moments where,
    "I know that I have the answer for what action I should be taking at this moment, but I just can't remember what it is."
It is easier to take the right actions, irrespective of short term results, when you are confident that you are indeed taking the right actions.
{You are confident that you ARE doing the right thing, so you are not tempted to change anything after 1 loss, or even a series of losses.}

This upcoming week however, I will probably be taking a lot fewer trades,
№① Monday is Presidents Day holiday
№② I plan on adding more filters to my trade criteria, just because
    a) I am curious about them,
    and,
    b) I really do just feel like having a slow week

**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 » Tue Feb 21, 2017 10:38 am

What sucks is that I am not a self-employed trader yet,

This trade is simply beautiful, in a way. :smt071

EG
14pips

Set Stop Limit Order & TP
IMG_20170221_053040.jpg
IMG_20170221_053040.jpg (203.38 KiB) Viewed 2465 times


Order triggered & TP hit
IMG_20170221_053641.jpg
IMG_20170221_053641.jpg (209.13 KiB) Viewed 2465 times

**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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