Well, I haven't really been following SPACE Wars, so unfortunately, that's all I have.
The chart had a straightforward setup, so I just felt like drawing a picture up.
TygerKrane's Pip-Pickpocketing
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- TygerKrane
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What a horrible, anti-climactic post to leave my precious thread on...
( you would think that I haven't been trading at all this whole time, which would be totally false )
Oh well, let's see if we can get back into it with some regularity
( you would think that I haven't been trading at all this whole time, which would be totally false )
Oh well, let's see if we can get back into it with some regularity
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
- TygerKrane
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GU Long
Last edited by TygerKrane on Thu Jul 04, 2013 1:45 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 Long
AJ Long result
AJ Long result
Last edited by TygerKrane on Fri Jul 05, 2013 12:51 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.<!
- TygerKrane
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All that you have to remember is:
Position before lot size and lot size before long term moves.
Your whole world should be position from a long term extreme & no closer than you would trail a stop on that chart.
Adding is simply the act of trailing your position (stop) on large charts.
If you place your stop below something then ask what price is above.
If you place your stop above something then ask what price is below.
Think of adding as a way of using a command line to trail stops.
Position before lot size and lot size before long term moves.
Your whole world should be position from a long term extreme & no closer than you would trail a stop on that chart.
Adding is simply the act of trailing your position (stop) on large charts.
If you place your stop below something then ask what price is above.
If you place your stop above something then ask what price is below.
Think of adding as a way of using a command line to trail stops.
- TygerKrane
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It's probably a patience thing, it kind of feels like I'm only trying to get paid once a week. (with no guarantee that I can even pull the trade off when all is said and done.)
When I was in the trade, I totally thought I was 20:1, but it turns out EURAUD is only worth $0.09/pip; I really wanted to grab a 20% trade.
I have just recently dropped down to 4 timeframes instead of 5. (W1 charts got kicked to the curb.) While it was good watching it to help form some ideas for horizontal line trading, it was preventing me from taking more aggressive actions sooner.
Alternatively, I sometimes daydream of transitioning to 3 timeframe trading {H3 / M30 / M5} and using my same principles for only Scalping to Target PA within the most immediate PA swings.
When I was in the trade, I totally thought I was 20:1, but it turns out EURAUD is only worth $0.09/pip; I really wanted to grab a 20% trade.
I have just recently dropped down to 4 timeframes instead of 5. (W1 charts got kicked to the curb.) While it was good watching it to help form some ideas for horizontal line trading, it was preventing me from taking more aggressive actions sooner.
Alternatively, I sometimes daydream of transitioning to 3 timeframe trading {H3 / M30 / M5} and using my same principles for only Scalping to Target PA within the most immediate PA swings.
**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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