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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #1521 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

All the best!!

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  #1522 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

No trades today. I woke up really late....guess I was more tired from my seafaring trip than I realized....so I elected to goof around on sim today...it didnt go well....but to be fair, I was emailing TST back and forth today and talking to my friend on skype about his trading as well as someone he's teaching to trade....so honestly didn't really pay that much attention.....in any event, I should be back to trading for real tomorrow....

As to the TST thing, it looks like I'll start one a week from Monday. They gave me a free trial week to get used to the platform again since its been so long since I did a combine.....so probably start the "trial" on monday and then the combine after that...

A big thank you to everyone that stopped by to say happy birthday....I appreciate it....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1523 (permalink)
Membership Revoked
British Columbia
 
Futures Experience: Advanced
Platform: NINJA
Broker/Data: ZEN
Favorite Futures: Crude
 
Posts: 1,091 since May 2010
Thanks: 192 given, 484 received


Enjoy the Cake Cabron!!!

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  #1524 (permalink)
Elite Member
NoVa, USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 58 since Sep 2011
Thanks: 562 given, 193 received

Happy belated birthday!

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  #1525 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

1st day back

I traded cautiously today, not much risk. Just trying to get back into the saddle after almost a week gone. Also trying to overcome the break even streak I've been on the last 2-3 weeks. March was basically a break even month for me. I did make money but the equity curve was not pretty.

I think I took to much risk on most of the trades and secondly, I think I misjudged in many cases where my targets needed to be. In some cases, I got greedy and had targets to large, in others, to close. Which added up to missed opportunity in both cases. Oddly enough, I'm reasonably good at figuring out where they should be, however, I don't always acknowledge this while the trade is live. If I expect the market to turn at a certain point, it makes no sense to have a target further away than this and yet this happened several times in March. The result was when the market turned, I missed out on profit that would have otherwise been mine. Other times, I simply refused to accept the fact the target which was quite far away was within the realm of possibility and so took profit to soon.....

Time is a factor here. For the larger targets, I start getting impatient around the 15-20 min mark. I've noticed that a trade that's in profit but stalls around that time frame ends up costing me money because I'll close it down, only to see it continue on a few minutes later....best practice is to just walk away but then thats not prudent for a variety of reasons.

While my patience has come a long way, I recognize it still is incomplete. I continue to work on this while standing in line at the store, in traffic, waiting on my family to get ready to go somewhere, (this is a hard one) waiting at the doctor, or any other instance where patience is not normally expected....I try to just breathe, let the impatience wash over and through me and then be replaced with calm acceptance of the circumstances and just go with the flow. It is carrying over to my trading, slowly but surely. But gosh darn it, not fast enough!

Anyway, I am one and done today. A large opening range could spell sideways for quite a while. So I was able to execute my trading plan today nearly perfect. My only real mistake was not clicking the sell button a few seconds earlier as I expected my limit order to be filled and when it wasn't I hesitated a bit to long, still it was a good trade and I am satisfied with my performance today.

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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1526 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Happy Birthday, brother.... hope you had a good one


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #1527 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

This happened while I wasn't looking

50 ticks so far.....

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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1528 (permalink)
Elite Member
Toronto
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: CL , 6E
 
Posts: 197 since Jun 2009
Thanks: 752 given, 252 received

Nice Entry Brian :-)


Enjoy the week-end !

"Risk more than others think safe.
Dream more than others think practical.
Expect more than others think possible.
Care more than others think wise"
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  #1529 (permalink)
Elite Member
Raleigh, NC
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL
 
TonyParisi's Avatar
 
Posts: 33 since Oct 2012
Thanks: 217 given, 40 received

Rules


PandaWarrior View Post
50 ticks so far.....

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Hey bro, been following you for a while. Noticed you slightly changed your charts lately, but it looks just cosmetic, love the simplicity. Anyway, I noticed you threw up what I think to be your rules in the top left hand corner???? The:
1) Break Swing
2) Break TL
3) 70% retracement

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  #1530 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received



TonyParisi View Post
Hey bro, been following you for a while. Noticed you slightly changed your charts lately, but it looks just cosmetic, love the simplicity. Anyway, I noticed you threw up what I think to be your rules in the top left hand corner???? The:
1) Break Swing
2) Break TL
3) 70% retracement

Thanks for chiming in and for the compliment.

I am slowly reducing the stuff on my charts. I want to be able to see the flow of price and not all the lines....next on my list of things to remove....trend lines....and just go with the horizontal levels. I'm not there yet, but its on my bucket list....

What I currently have are the opening range set to the first 5 minutes of the cash session along with the 50% level of the opening range, the 50% level of the daily range tracking from the electronic open, the ADR indicator that tells me what the current, most recent 3 and 10 tradings days average is and the little indie that reminds me of my basic rules.....thats it...I do have the current HOD and LOD as well as prior day HOD and LOD on a higher time frame chart but those are not necessary on my trading chart.

The opening range is my initial bearish/bullish bias indicator, the 50% fib is my larger picture bearish/bullish indicator + it often functions as a support or resistance level, the ADR just helps me figure out how aggressive to be or not to be based on the range. No need for a 100 tick target if the range is 66 ticks most of the time.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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