TygerKrane's Pip-Pickpocketing

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r104_for
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Postby r104_for » Wed Aug 11, 2010 1:54 pm

Hi all.

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TygerKrane
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Re: AJ vs EJ Monthly Bias

Postby TygerKrane » Wed Aug 11, 2010 2:39 pm

Not even a CC reversal in sight yet... :roll:

M90

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H4

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**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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AJ Monthly Bias - Re-short

Postby TygerKrane » Wed Aug 11, 2010 11:04 pm

After making my plan and having awesome timing on trading for the AJ short, I got some profit, and then SCREWED THE REST UP ROYALLY.

Not much for anyone to comment on really about my stupidity today, my brain was scrambled all day anywayz with things outside of trading...

[font=Comic Sans MS][highlight=yellow]I couldn't think clearly today, AND FOR THE LIFE OF ME, I had a mental block and simply could not see HOW THE HELL I was supposed to continue on trading short after I exited my initial trade.[/highlight][/font]

That's the reason why I was:
Trying to call a bottom, with not even a green CC in sight, gotta remember that one - Classic...someday I'll look back on this and laugh :cry:

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Last edited by TygerKrane on Wed Aug 11, 2010 11:14 pm, edited 2 times in total.

**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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bredin
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Postby bredin » Wed Aug 11, 2010 11:09 pm

OEF stands for Opposite Extreme First and statistically shows that red candles tend to set their high first while green candles tend to set their low first. In the order of 85-90%.
Early in a candle I am looking for a reversal that rides the length of the candle, something I managed to do last week (I think :)), and later in a candle scalping to the close.
This actually forms the base of TROs rat method...

So what I meant was that since it is still early in the month and price has set a high, if the D1 candle closes below the open The likelyhood is that the high has been set and how we are waiting for a low to be set for the MN candle.
Of course I could be wrong and the low has already been set first ;) which Is why I was waiting for a close under the open.

Ive got to code an indi to show probabilities of this ltf closing theory of mine, and Ive got some to do on the site, and theres some CC tools to do... we'll see when it gets done....

G.
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Postby Humble » Thu Aug 12, 2010 2:14 am

"OEF stands for Opposite Extreme First and statistically shows that red candles tend to set their high first while green candles tend to set their low first."

I've failed to observe this, which doesn't mean anything!

But, are you checking the reds move to a high first, or noting they set a final high before they set the final low?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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bredin
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Postby bredin » Thu Aug 12, 2010 2:48 am

comparing the last high/low set during the candle. At some point price must travel from either the low to the high or vise versa.

Manually check it by loading a M5 chart and using a H1 overlay (or a H4 chart with a D1 overlay, or M1/M15 it doesnt really matter as long as you can see the longer tf candle being created by the smaller tf candles).
Most fails will be small bodied candles under 50% of average bodysize.

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G.
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TygerKrane
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AJ long; But I thought the plans was to only...

Postby TygerKrane » Thu Aug 12, 2010 3:03 am

Got my filthy mitts on an AJ long @ 76.00.

Of course I will be asleep for the next few hours so no Blind Mouse adding in...unless I get a miraculous booty call from any number of girls who haven't bothered to call me in the last say 8 months and 11 days, LOL.

Sorry, sorry just a little sleepy-time humor.
Lets see what I wake up to.

Oh yeah, stop at 75.77.

Yes, technically, I'm only supposed to be taking trades long on EJ, but... :x

Anywayz, hoping to wake up to something good. Peace out, peeps.


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EJ , AJ compare. (BTW AJ dropped @ 178 pips yesterday, and EJ dropped about 320 pips...more reason why I should be taking that long on the EJ, I guess.)

M90

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Daily

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Last edited by TygerKrane on Thu Aug 12, 2010 3:20 am, edited 2 times in total.

**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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Postby Humble » Thu Aug 12, 2010 3:05 am

Sorry if I'm missing the point and making a pointless argument:

"But, are you checking the reds move to a high first, or noting they set a final high before they set the final low?"

Apply this question to the last red overlay bar on your chart. Does it not defeat the "concept" if a red candle sets a low first, then a high and then a lower low?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby bredin » Thu Aug 12, 2010 3:27 am

The High is set on the 7th M5 bar, the Low on the last bar (MT4 puts ticks in a not very helpful place :))
What I see there is NO CLOSE above the open ;)

If I am a Red Rat I am waiting for the high to trade off, the later in the bar then the more likely I am trading in the closing wick than riding the bar.

It helps me mentally when you get those rat entries where the close and the low are the same, enter in the first few ticks of the new bar and price reverses away form the entry. Im not so worried by that now that I know statistically that price will come back and probably end in my direction. (about 90% likely that a htf bar setting a low in the 1st ltf candle will set a lower low later)

G.
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bredin
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Postby bredin » Thu Aug 12, 2010 3:30 am

Tygs, Im confused...

What on earth had you going long on that AJ chart? Was H1 Making a booty call?

G.
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