TygerKrane's Pip-Pickpocketing

[TygerKrane]

Looks like I found a second pair that I am comfortable focusing on for the next few:

[TygerKrane]

Looks like I found a second pair that I am comfortable focusing on for the next few:

[TygerKrane]

Week ending November 28, 2014:
-3.97%

-5.0% = 979.63
-7.5% = 954.40

[aliassmith]

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.

[dojirock]

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

[TygerKrane]

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.

[TygerKrane]

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.

[aliassmith]

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

[TygerKrane]

[TygerKrane]

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.