TygerKrane's Pip-Pickpocketing

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TygerKrane
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Sat Jul 27, 2019 5:57 pm

What I was thinking when I attempted some trades against my trading plan this week.

The last 5 candles on the chart are Mon - Fri.
I made these observations on Wed (3rd to last candle; pink)
  1. Saw the strong downward move with candles both ①closing over the previous candles' extreme, AND ②each candle closing within the lower third of the candle range.
  2. A PullBack Long as a possible zero-ing out, and then what looks like a descending channel to me.
  3. Trade idea of going Short when price reaches the top of the descending channel (light green box).
Screenshot_20190727-131856_Gallery.jpg
Screenshot_20190727-131856_Gallery.jpg (120.29 KiB) Viewed 490 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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TygerKrane
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Sat Jul 27, 2019 8:14 pm

So here's my recap:
Week 11
Week Ending 6/21/19
-1.4%
Entries: 8

Week High: 0.3%
Week Low: -1.4%

Ending Balance: 1428.05


Week 12
Week Ending 6/28/19
-1.5%
Entries: 10

Week High: 0.00%
Week Low: -1.9%

Ending Balance: 1405.96


Week 13
Week Ending 7/5/19
0.64%
Entries: 6

Week High: 1.7%
Week Low: 0.0%

Ending Balance: 1411.82


Week 14
Week Ending 7/12/19
2%
Entries: 16

Week High: 2%
Week Low: -0.9%

Ending Balance: 1440.33


Week 15
Week Ending 7/19/19
-5.7%
Entries: 16

Week High: 0.0%
Week Low: -5.7%

Ending Balance: 1358.50


Week 16
Week Ending 7/26/19
9.5%
Entries: 9

Week High: 11.1%
Week Low: -1.9%

Ending Balance: 1487.90

The undisciplined, overleveraged trade was worth 10.4% based on my weekly starting balance.

**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 Braathen » Sat Jul 27, 2019 8:54 pm

Hey man, thought i would pop in and give my angle (haha) on this trade.

Your looking at a daily chart so i would trade daily angles.. i dont know about the 1 2 3 count your showing
but i know another one that i always look for.

So yes there defently is a downwards channel going on but i see it a little different then you.
Slicing BOs always seems to give great channels. By no means am i saying im right just a different angle to discuss.

If it continues down i have no idea but i see some buying so the timing is off in my opinion.
And its like a new yearly low extreme, tough spot 8)

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"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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TygerKrane
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Sat Jul 27, 2019 9:32 pm

Jhx wrote:Just bumped into this thread. What are you trading? Zlines?
Please take this with a grain of salt and don't take it as an 'attack'; your thread is long and I might seem presumptuous by just posting in here after 138 pages, but I think you're a little bit all over the place sometimes. Something that has helped me is sticking to only one pair, that alongside with taking notes before and after each trade helps a lot (and even what you were feeling at the time!). It's easier to pick up on some things and you'll know what to expect from some moves and even the times that they happen at.

I made the mistake of taking trades on every pair that I could so I could get experience, more trading opportunities and "skin in the game", but I didn't know that it was hindering my learning progress. Then I chose one pair, took notes, and the learning became easier, faster and less stressful. I know everyone's different so I'm not necessarily telling you that you should do this, but it might help you.

If you don't have much time, you could also check aliassmith's new thread trading daily charts.

Best of luck :) .

Hey Jhx, thanks for your thoughts.

What am I trading? I don't know, but I am insistent on multiple timeframes and zero use of indicators.
Zlines? Probably, as that is the concept that really made an impression on me from this site. However, as I am in the "make it yours" stage of my trading plan development cycle, I have had to adapt how I trade around Zlines with respect to the type of results I tend to get, and the chart patterns that stand out to me as I get my successes and failures.

If you got the impression that I am a system jumper, I definitely am not. As a matter of fact, I spent at least a year (certainly more, but I don't feel like researching it now) trading ONLY Short, focusing on 4-6 pairs at a time. Every few months I would change my lineup of pairs.
My aim was to understand and qualify candle patterns, and then hopefully get an intuitive feel for what it looks like when Long Price Action has Exhausted itself (i.e. when Supply overwhelms Demand.) The larger goal being, to first build up a profit cushion of OPM, and then --using OPM to inflate my leverage-- being able to consistently catch multi-day Short trends by trading off of the D1 high and holding on.
I learned a lot, but unfortunately was not able to directly translate my observations into consistent profits.


On a different topic Jhx, could you post a screenshot of your trading setup? I'm not looking for an explanation of your trading style, I am curious what you look at as you make your decisions.

**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 » Sat Jul 27, 2019 9:39 pm

Braathen wrote:Hey man, thought i would pop in and give my angle (haha) on this trade.

Your looking at a daily chart so i would trade daily angles.. i dont know about the 1 2 3 count your showing
but i know another one that i always look for.

Dude!!! Thanks for stopping by ::fist bump::

The ①②③ on the chart is just to line up with my thought-process that I described in the post, lol.

Thanks for your marked up chart & explanation, I know you've just made a LOT of people happy with that. :smt059

**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 Aug 04, 2019 2:26 pm

Week 17
Week Ending 8/2/19
-0.5%
Entries: 19

Week High: 0.9%
Week Low: -2%

Ending Balance: 1481.13

I could've ended the week at my week high of +0.9% since it happened Thursday night, but honestly, I feel better making another analysis & attempt at reading the market rather than settle for something so meager for the week.

This commentary is probably unnecessary, but i just felt like saying something.

**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 Aug 04, 2019 2:43 pm

TygerKrane wrote:What I was thinking when I attempted some trades against my trading plan this week.

The last 5 candles on the chart are Mon - Fri.
I made these observations on Wed (3rd to last candle; pink)
  1. Saw the strong downward move with candles both ①closing over the previous candles' extreme, AND ②each candle closing within the lower third of the candle range.
  2. A PullBack Long as a possible zero-ing out, and then what looks like a descending channel to me.
  3. Trade idea of going Short when price reaches the top of the descending channel (light green box).
Screenshot_20190727-131856_Gallery.jpg
Screenshot_20190727-131856_Gallery.jpg (120.29 KiB) Viewed 230 times


Screenshot_20190804-103413_TInterceptor.jpg
Screenshot_20190804-103413_TInterceptor.jpg (73.29 KiB) Viewed 234 times

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

User avatar
TygerKrane
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Sun Aug 04, 2019 3:50 pm

Best trade of the week
AN Short
28p @1stDouble

Entry
Screenshot_20190801-003605_TInterceptor.jpg
Screenshot_20190801-003605_TInterceptor.jpg (176.16 KiB) Viewed 221 times

1stDouble
Screenshot_20190801-133903_TInterceptor.jpg
Screenshot_20190801-133903_TInterceptor.jpg (189.3 KiB) Viewed 221 times

Preset TP hit
Screenshot_20190801-143747_TInterceptor.jpg
Screenshot_20190801-143747_TInterceptor.jpg (205.89 KiB) Viewed 221 times

Afterward
Screenshot_20190801-191410_TInterceptor.jpg
Screenshot_20190801-191410_TInterceptor.jpg (173.71 KiB) Viewed 221 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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TygerKrane
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Sun Aug 04, 2019 6:11 pm

ECad Long
20pips

Entry Order set
Screenshot_20190801-204926_TInterceptor.jpg
Screenshot_20190801-204926_TInterceptor.jpg (220.03 KiB) Viewed 203 times

Entry Order triggered
Screenshot_20190801-224106_TInterceptor.jpg
Screenshot_20190801-224106_TInterceptor.jpg (239.64 KiB) Viewed 203 times

TP hit
Screenshot_20190802-060643_TInterceptor.jpg
Screenshot_20190802-060643_TInterceptor.jpg (237.42 KiB) Viewed 203 times

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

User avatar
TygerKrane
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Re: TygerKrane's Pip-Pickpocketing

Postby TygerKrane » Mon Aug 05, 2019 11:57 am

AN short
14pips

Nothing too special. I saw when price was at 1.0404 and was just hoping i could get a better price, closer to the high extreme.
Since i am trying to accumulate OPM, it was more important for me to target a closer, more likely, TP; rather than attempting to hold out for a larger move (which did happen this time) afterwards.

Entry Order set
Screenshot_20190804-212731_TInterceptor.jpg
Screenshot_20190804-212731_TInterceptor.jpg (180.47 KiB) Viewed 139 times


Entry Order hit
Screenshot_20190804-214230_TInterceptor.jpg
Screenshot_20190804-214230_TInterceptor.jpg (178.28 KiB) Viewed 139 times


TP hit
Screenshot_20190804-222824_TInterceptor.jpg
Screenshot_20190804-222824_TInterceptor.jpg (184.39 KiB) Viewed 139 times


Afterwards
Screenshot_20190805-075025_TInterceptor.jpg
Screenshot_20190805-075025_TInterceptor.jpg (181.92 KiB) Viewed 139 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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