TygerKrane's Pip-Pickpocketing

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TygerKrane
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More NLA Gems, 10-09-11, #3

Postby TygerKrane » Sun Oct 09, 2011 4:46 pm

[font=Times New Roman][highlight=Orange]Changing my Bias at the Extreme[/highlight][/font]

from trading the Reversal to trading the Continuation, is definitely a problem I have. I, too, would've been trading Short with es/pip at the beginning of this move (especially b/c of the way the candles formed in that previous peak that the price returned to), but as the picture changed....

:idea: es/pip :idea: wrote:your other chart looked ok to me

a zl does not nec. have to be based on a 2x bar----

all a zl is doing is showing held profit

so where you marked your line on the m15 was correct.

but

look at what that looked like on the h4, that is the reason we went down.

i am still short on h4 targeting the longs held profit


Image

:arrow: es/pip wrote:nice trades on the euro from everyone


h4 showed the way on that one

was short off the top

but
was aware of the size of the up momo. made a little on the short

in the long 3 times

2 b/e and then caught the move


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Below is the only other picture available of a Long trade someone took on that trade:

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:!: Pretty much like my issue with the UCad Short three posts back, there was NO WAY I could've entered a Long trade as price came back up, my mind was too set on the Short...

:smt027 I would like to fix this. :smt027

**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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Could *I* take that GU Long??

Postby TygerKrane » Sun Oct 09, 2011 5:37 pm

Because I'm really curious, How/Why/If/What I would've been looking at when arkan1976 took that trade...



Image


D1:

Image


H3 (expanded):

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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AJ AU Compare, 10-09-11

Postby TygerKrane » Mon Oct 10, 2011 3:55 am

I'm taking the day off for Columbus Day, but I really want to watch how this one (or two) develops. I've done this kind of observation before, once more won't hurt.

AJ, AU, H3:

Image


AJ:

Image


AU:

Image



D1:

ImageImage

**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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ChfJ Long, 10-10-11

Postby TygerKrane » Mon Oct 10, 2011 3:57 pm

ChfJ Long
4:1 lev, 156pips

sorry, can't give a clear entry indication on this, I did have a larger timeframe picture in mind, that's why I allowed that 35 pip drawdown. And the entry was so long ago, I don't remember what I was thinking.
The funny thing being, I had the chance to add in last night before I went to bed (blue vertical line on the pict), but thought to myself, since the US markets was going to close, I didn't expect much movement, so I passed up on that.

Image
Last edited by TygerKrane on Mon Oct 10, 2011 4:27 pm, edited 1 time 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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AJ AU Compare, 10-09-11

Postby TygerKrane » Mon Oct 10, 2011 4:15 pm

[font=Comic Sans MS][highlight=indigo]Continuation vs Reversal Bias[/highlight][/font]

indeed!

AJ, AU, H3:

Image


AJ:

Image


AU:

Image


D1:

ImageImage

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UCad Short, 10-10-11

Postby TygerKrane » Mon Oct 10, 2011 4:47 pm

UCad Short
17:1 lev from the average line, at the time of pic @ +190pips from my average

Yes, I was still following UCad after I tried to make a call a few days back, I TOTALLY should have looked at the D1 then, I wouldn't have been so confident to make such a claim. I don't have H1 & zoomed-in pics of all the entries. And unfortunately, I can't say that all the entries where according to system.
The funny thing being I had the chance to add in last night before bed (blue vertical lines in pic), but I figured since the US markets would be closed due to the holiday, I didn't expect there to be much liquidity/movement for a dollar pair. On top of that, this morning I found out that Canada markets are closed for holiday too, So What gives on all this movement for THIS pair when both markets are closed?!?

Other than that, the wise thing might be for me to close out and take profit, but....NO. I feel like seeing the effects of a major move at higher leverage...
Think what my leverage would be, if my beginning entries WEREN'T at 2:1 lev, LOL.


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As for targets...
PARITY PLEASE!

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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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Postby TygerKrane » Tue Oct 11, 2011 11:39 am

UCad Short
Additional entries, at the time of pic +131pips from my average


Image


Image

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Postby TygerKrane » Tue Oct 11, 2011 3:29 pm

A tremendous number of good setups happening now.
Coincidentally, I find that it is hard for me to enter any next trades, as I seem to be mentally tied up in my UCad Short. I have plenty of margin available, but...it's hard for me to get the clearness and conviction to pull the trigger, on anything new while I still have this big one running. It's forcing me to WAIT though, lol.
Something small for me to work through, nothing major.


ECad: (which may or may not hold a Short down :roll: )

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EChf:

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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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UCad

Postby aliassmith » Wed Oct 12, 2011 1:16 pm

Good job on that UCad trade. Now you just have to manage your space until
you make your target or the price action doesn't play nice.
Trade Your Way as Long as It Makes Money!

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Postby TygerKrane » Thu Oct 13, 2011 12:10 am

Thanks alias!
Of course, you had a part to play in this as well you know. 8)

So I closed out the trade 6 hours ago, I did some math and some observations...

265pips from average line @ 25.5:1 lev = ~67.5%
That proved a good enough point to me, especially considering the fact that my entries started at like 2:1 lev.
Plus, my whole thing about taking profits and building up my account first before I get crazy; {especially after looking at the D1 chart} I couldn't even imagine having to sit through any potential pullback after this kind of gain. (When I can't even consider myself a consistent trader yet.)

So, here are my exit shots

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H3, extended:
I didn't realize before, Parity is definitely looking like one of those points where R becomes S.
But on this chart, I was mainly noting the monthly movements (vertical pink lines) and the fact that I traded past a 50% retrace from that swing low to swing high, so that was a cool little feat to accomplish for me.

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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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