TygerKrane's Pip-Pickpocketing

[TygerKrane]

NU
23pips @1stDouble

As much as I wanted to hold on for the sake of catching a daily trend,
I don't think there is much point in holding Short if PA is maintaining its place above the M30 candle I point to on the chart.

Entry. I really like the entry on this one

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1stDouble. Manual Add-In

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Higher timeframe outlook

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Manual TP, since PA is maintaining above the M30 fractal pivot I point to

IMG_20171207_115127.jpg (199.12 KiB) Viewed 3334 times

Now, I just need to not f ck up in trying to find a re-entry Short, since that is still where I see the daily PA trending towards.

[TygerKrane]

My Dilemma, 2:
¿Continue my NU Short, or, look for Long PA Exhaustion on UCad and start shorting there?


NU

IMG_20171207_141430.jpg (230.05 KiB) Viewed 3328 times

UCad

IMG_20171207_141450.jpg (231.16 KiB) Viewed 3328 times

※※And I am resisting the urge to look at any Currency Correlation charts to influence my decision making process.※※

[TygerKrane]

Still haven't taken an entry yet on either...
But you can probably understand why I am worried that I might have messed up / missed a good re-entry Short on NU...

And this is why Uncle Krane can't buy tons of Christmas presents for all his amazing and deserving nieces & nephews...

NU

IMG_20171207_150759.jpg (229.51 KiB) Viewed 3314 times

UCad

IMG_20171207_150840.jpg (231.29 KiB) Viewed 3314 times

[TygerKrane]

This is how I am starting out my Friday.
I have screenshots of the whole trade process, I'll post that up over the weekend.
I do want to just take the profit, but I am itching to get into some kind of daily trend (since I closed my NU Short).

The trade is currently @2ndDouble, and you can see my TP on the weekly chart
If I get stopped at my AVG line, I will be -0.5% for the week.
I really do want the week to end positive, but I will never ride a daily trend (and get those magnified gains) if I am too fearful, and always closing trades when the movement slows down...

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From my 2ndDouble AVG line, ~116pips will get me to the next waypoint.
And if I manage a 3rdDouble, then I will only need ~58pips (from wherever that AVG line is) to make it to the next waypoint.

.

[TygerKrane]

My Dilemma, (continued)
Still trying to determine my best action.
Perhaps I am being too stingy with my OPM... I *did* close the NU Short with 23pips @1stDouble, afterall. Additionally, I am also still in profit for the week.
Maybe I would feel less pressure if I only focus on doing my re-entry here at EntrySize.

Also, note the two @EntrySize Short Orders I have placed on the UCad.

NU

IMG_20171208_000201.jpg (247.22 KiB) Viewed 3295 times

UCad

IMG_20171208_000222.jpg (235.17 KiB) Viewed 3295 times

[TygerKrane]

...EG Short, (continued)

Soo tempting to just close out with 60pips @2ndDouble here.
Wow, how difficult it is just trying to hold a trade open for two consecutive days...probably b/c my trading skill usually makes losing weeks rather than winning weeks

Note:
The entry order on the chart; The 3rdDouble Add-In, plus a 20pip TP after that (to close all entries), gets me to the next waypoint.

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[TygerKrane]

This one is a long post
Let's fully go through my trade attempt on EG


EG
2.5pips @3rdDouble


Manual Entry

IMG_20171210_112615.jpg (171.29 KiB) Viewed 3252 times

Set Sell Stop Order for 1stDouble

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1stDouble Entry triggered

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Thoughts to myself that usually happen around this part of my trade:

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IMG_20171210_113502.jpg (82.47 KiB) Viewed 3252 times

Add-In @2ndDouble, thinking that spike Long was maybe a Zline

IMG_20171210_113846.jpg (186.24 KiB) Viewed 3252 times

Higher timeframe view of the trade at that point
D1/H3/M30

IMG_20171210_113947.jpg (188.37 KiB) Viewed 3252 times

W1/D1/H3

IMG_20171210_114128.jpg (197.88 KiB) Viewed 3252 times

Set Add-In for 3rdDouble and TP to reach waypoint
D1/H3/M30

IMG_20171210_114931.jpg (198.53 KiB) Viewed 3252 times

W1/D1/H3

IMG_20171208_001831.jpg (198.18 KiB) Viewed 3252 times

3rdDouble Entry triggered

IMG_20171210_115355.jpg (182.04 KiB) Viewed 3252 times

Stopped out @0.8736

IMG_20171210_115906.jpg (187.79 KiB) Viewed 3252 times

Afterwards; my target was never reached in any case
D1/H3/M30

IMG_20171210_124500.jpg (198.42 KiB) Viewed 3252 times

W1/D1/M5

IMG_20171210_124515.jpg (199.64 KiB) Viewed 3252 times

[TygerKrane]

This one is a long post
Let's fully go through my trade attempt on EG


EG
2.5pips @3rdDouble

Why I moved my SL to +2.5pips, instead of exiting somewhere around +28pips ~ +38pips @3rdDouble:
¹ Wanting to hold a trade to catch a daily trend (if necessary, if my TP wasn't hit on Friday)
² Not wanting to have a losing week
³ Having the TP to reach a waypoint within the range of a daily candle

(Additionally, I was thinking that price wouldn't bounce up more than 30pips from the psychological number, .8700)

¤¤¤¤¤¤¤¤¤¤¤¤¤¤
At my AVG line, my account was at @-0.5%.
My risk box is 0.6%, and at 3rdDouble size I lose 0.6% every 2.5pips.


Sometimes I will add additional risk boxes into a trade to instantly give myself more space, but I would feel VERY stupid if I went from +6.7% on the week, to -2.5%. [4 risk boxes at 3rdDouble is 10 pips of space].
I am not sure what the lesson in all of this is supposed to be.

However, I do know that I am supposed to be profitable without riding on a daily trend, since I can't control when one is going to start. So I guess that is what I really need to be working on.
When I focus too much on trying to catch a daily trend, I usually put my account negative since price ends up coming back to my entry.

================
Looking at the chart now, DID NOT imagine that it would rise +60 pips off of the day low (+50 above the psychological number).

[TygerKrane]

My Dilemma, (continued)
Still trying to determine my best action.
Perhaps I am being too stingy with my OPM... I *did* close the NU Short with 23pips @1stDouble, afterall. Additionally, I am also still in profit for the week.
Maybe I would feel less pressure if I only focus on doing my re-entry here at EntrySize.

Also, note the two @EntrySize Short Orders I have placed on the UCad.

NU
IMG_20171208_000201.jpg

UCad
IMG_20171208_000222.jpg

Stopped trying to get an entry on either pair, after I exited my EG Short. I would've felt stupid to go negative for the week after the money I turned my back on.

Here is how the two pairs moved though, after my last screenshot

NU

IMG_20171210_132648.jpg (237.47 KiB) Viewed 3253 times

UCad, (the lower entry would've been triggered, but PA moved back into the area. if I didn't take the quick TP, I probably would've taken a loss, since PA didn't make a sustained short move afterall)

IMG_20171210_133059.jpg (239.09 KiB) Viewed 3253 times

[TygerKrane]

Week 8
Week Ending 12/8/17
0%
Entries: 23

Week High: 0%
Week Low: -3.57%

IMG_20171210_135534.jpg (65.5 KiB) Viewed 3248 times

For this upcoming week, all 5 of my pairs look like they are good candidates for long-term shorts, blessing and a curse, I suppose.
I am hoping most for EG and UCad, however. (But I will admit that the daily chart for NU looks better than the daily chart for UCad.)

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