Looks like I found a second pair that I am comfortable focusing on for the next few:
TygerKrane's Pip-Pickpocketing
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- TygerKrane
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- TygerKrane
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- TygerKrane
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Re: TygerKrane's Pip-Pickpocketing
Week ending November 28, 2014:
-3.97%
-5.0% = 979.63
-7.5% = 954.40
-3.97%
-5.0% = 979.63
-7.5% = 954.40
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
- aliassmith
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Re: TygerKrane's Pip-Pickpocketing
TygerKrane wrote:Week ending November 28, 2014:
-3.97%
-5.0% = 979.63
-7.5% = 954.40
what is that at the bottom of your post?
looks like you are planning to lose more.
stop messing around take $10 and turn it into
$200 by new years using higher timeframe charts
you can do it.
Trade Your Way as Long as It Makes Money!
- dojirock
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Re: TygerKrane's Pip-Pickpocketing
Being one that struggles moving to anything higher than a hourly chart, I agree with it in principle. Take this as a tip, If your going to scalp, or swing trade...great...but only use 2 charts.... I have great difficulty in figuring out what your trying to do also with all the charts...too much data and conflicting information can paralyze and blind you.
I am working on moving to higher time frames in the coming year too, my biggest hurdle.... Money can be made scalping but trusting Mo, heaps of money can be realized with longer term...I just havent beeen able to wrap my mind around it...
Can you post an analysis with 2 charts?, then take a trade and see where it get you?
Just trying to help...tyger...
doji
I am working on moving to higher time frames in the coming year too, my biggest hurdle.... Money can be made scalping but trusting Mo, heaps of money can be realized with longer term...I just havent beeen able to wrap my mind around it...
Can you post an analysis with 2 charts?, then take a trade and see where it get you?
Just trying to help...tyger...
doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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- TygerKrane
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Re: TygerKrane's Pip-Pickpocketing
Hi doji,
Thanks for the input!
I am definitely not trying to be a scalper.
If I were to trade with two charts, it would be the H2 & M15.
As I don't like the size of stops I get when waiting for 15 minutes of PA to close, I use the M3 to trim down my SL size.
I prefer an SL of about 20 pips.
I am supposed to be using the M15 PA to gauge when an H2 pullback has most likely finished. Maybe I, myself, lose sight of that sometimes too. (By taking the PA patterns I use on M15 and applying them to the M3 too soon --before the M15 has shown the possibility of rejection from an area.)
I hope this helps you to understand my charts more, thanks again!
(I look for 3 Outside Bar patterns, following on the heels of your idea of RockBoxes that you use.)
PA returns to where the 3 Outside Bar originated and one of three things happens:
[*]PA cuts cleanly through (breaks through the area) {no hiccups, i.e. touching of previous candles extremes on that timeframe}
[*]PA hiccups in the area, but continues going through (Continues to break through the area)
[*]PA hiccups in the area, and reverses (the area is respected)
In order for a reversal in an area to occur (in order for an area to be respected) a hiccup MUST occur first. Otherwise, PA is just cutting through the area.
Thanks for the input!
I am definitely not trying to be a scalper.
If I were to trade with two charts, it would be the H2 & M15.
As I don't like the size of stops I get when waiting for 15 minutes of PA to close, I use the M3 to trim down my SL size.
I prefer an SL of about 20 pips.
I am supposed to be using the M15 PA to gauge when an H2 pullback has most likely finished. Maybe I, myself, lose sight of that sometimes too. (By taking the PA patterns I use on M15 and applying them to the M3 too soon --before the M15 has shown the possibility of rejection from an area.)
I hope this helps you to understand my charts more, thanks again!
(I look for 3 Outside Bar patterns, following on the heels of your idea of RockBoxes that you use.)
PA returns to where the 3 Outside Bar originated and one of three things happens:
[*]PA cuts cleanly through (breaks through the area) {no hiccups, i.e. touching of previous candles extremes on that timeframe}
[*]PA hiccups in the area, but continues going through (Continues to break through the area)
[*]PA hiccups in the area, and reverses (the area is respected)
In order for a reversal in an area to occur (in order for an area to be respected) a hiccup MUST occur first. Otherwise, PA is just cutting through the area.
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
- TygerKrane
- rank: 1000+ posts
- Posts: 1733
- Joined: Mon Jan 25, 2010 3:36 pm
- Reputation: 297
- Location: Long Island, NY
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Re: TygerKrane's Pip-Pickpocketing
aliassmith wrote:TygerKrane wrote:Week ending November 28, 2014:
-3.97%
-5.0% = 979.63
-7.5% = 954.40
what is that at the bottom of your post?
looks like you are planning to lose more.
stop messing around take $10 and turn it into
$200 by new years using higher timeframe charts
you can do it.
I might have to take a one week delay on your challenge to just man up.
Being that I removed the wrong SL from my chart and got zapped -5% right from the jump, SMH
I'm trying to work my way out of it now tho.
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
- aliassmith
- rank: 5000+ posts
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- Joined: Tue Jul 28, 2009 9:50 pm
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Re: TygerKrane's Pip-Pickpocketing
TygerKrane wrote:aliassmith wrote:TygerKrane wrote:Week ending November
-5.0% = 979.63
-7.5% = 954.40
what is that at the bottom of your post?
looks like you are planning to lose more.
stop messing around take $10 and turn it into
$200 by new years using higher timeframe charts
you can do it.
I might have to take a one week delay on your challenge to just man up.
Being that I removed the wrong SL from my chart and got zapped -5% right from the jump, SMH
I'm trying to work my way out of it now tho.
Self destruction won't get that account growing.
start with .5% to 2% and make a profit cushion of
8 times your start, then divide that into 2 tries for the
big returns. When u have 4% to put down on a big
chart the profits can be huge.
1. profit cushion
2. big risk on big chart
3. repeat
Trade Your Way as Long as It Makes Money!
- TygerKrane
- rank: 1000+ posts
- Posts: 1733
- Joined: Mon Jan 25, 2010 3:36 pm
- Reputation: 297
- Location: Long Island, NY
- Gender:
Re: TygerKrane's Pip-Pickpocketing
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
- TygerKrane
- rank: 1000+ posts
- Posts: 1733
- Joined: Mon Jan 25, 2010 3:36 pm
- Reputation: 297
- Location: Long Island, NY
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Re: TygerKrane's Pip-Pickpocketing
Ok, so I royally mucked that up.
No Problem.
The problem was definitely with the trader and not with the method.
What was the problem?
Seeing steps 1 & 2 happen, and then acting as if steps 3 & 4 were guaranteed outcomes.
On top of that, not normalizing risk after I added in.
I already took time off to chill out and to get preoccupied elsewheres, so it looks like I should be back on it next week.
No Problem.
The problem was definitely with the trader and not with the method.
What was the problem?
Seeing steps 1 & 2 happen, and then acting as if steps 3 & 4 were guaranteed outcomes.
On top of that, not normalizing risk after I added in.
I already took time off to chill out and to get preoccupied elsewheres, so it looks like I should be back on it next week.
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
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