The PandaWarrior Chronicles - Trading Journals | futures io social day trading
futures io futures trading


The PandaWarrior Chronicles
Updated: Views / Replies:234,926 / 2,157
Created: by PandaWarrior Attachments:213

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 213  
 
Thread Tools Search this Thread
 

The PandaWarrior Chronicles

  #1551 (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

3 hours is enough

It felt like every single tick was fought to the death over today. Sheesh.....and just when I am to stinkin tired to do it anymore, it breaks out.

I had a couple of shorts this morning early, then the rest were longs, however, nothing seemed to follow through and so most were BE or small losers.

I ended the day up +9 ticks in my live account and -6 ticks in the combine. It moved to fast for me on the last trade and so missed getting the order in for the combine.

I had a long play in mind early, and price eventually went to those target areas but not before violating nearly every swing low, getting rejected multiple times at swing highs.....what an exhausting morning.

Nevertheless, other than the missed trade at the end on the combine, I'm reasonably happy with my performance today. Not in terms of ticks but in terms of how I managed my emotional and mental energy as well as risk. I was completely risk averse this morning, willing to trade but not willing to take larger risks simply due to the fact there was no follow through on most things.

I've reached the end of the maximum period of time I have allotted myself each day to trade. Time to move on to other things.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 13 users say Thank You to PandaWarrior for this post:
 
  #1552 (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

Got my potential one and done early.

Still looking for a short somewhere though. Might not see it since price seems to be doing opposite of what I expected today.

More later if I take any further trades.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 7 users say Thank You to PandaWarrior for this post:
 
  #1553 (permalink)
CL Assassin
Near Dallas, Texas, US
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: ZenFire
Favorite Futures: CL
 
Gary's Avatar
 
Posts: 1,070 since Jun 2009
Thanks: 504 given, 2,230 received



PandaWarrior View Post
Got my potential one and done early.

Still looking for a short somewhere though. Might not see it since price seems to be doing opposite of what I expected today.

More later if I take any further trades.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Nice work; looks like we had the same idea:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


I had .19-Upper TL as a final target, but wasn't patient enough to wait out the consolidation in the 80's before moving up.

Have a great afternoon,
Gary

The following 4 users say Thank You to Gary for this post:
 
  #1554 (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 more trades.

Its funny how your eye can deceive you. You think you see something but its really not there. I've noticed over the last few weeks how my shorter time frame can convince me a full on short trend is in effect and then you glance at a higher time frame chart and you realize, nope, just a pull back.

Slowly each day, I am feeling better and better. I am not tiring quite as easily now, been sleeping like a baby all night which I never did before. I would always wake up at least once in the night. Gotta say, thats really nice.

Time for some food, then some paperwork related to the hospital stay....I hate that stuff....

Cheers.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 7 users say Thank You to PandaWarrior for this post:
 
  #1555 (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

stopped reached for the day

Well it was a complete bust today. The first trade was long into resistance and I had my target a couple of ticks below it. It was about 20-23 ticks away. Enough to justify the trade. It went about 4 ticks my way and failed. I bailed instantly but still lost 10 ticks on it. At that point, I thought, its gonna take out the lows. But I failed to act out of disbelief. I should have acted. It would have been enough to cover the loser and make me enough money to quit for the day.

Then I went into the second guessing phase of the day. V bottoms and tops are not my favorite in any trading environment. I just dont like them. But thats what I got. And so I took the short at the top of the pull back thinking it would take out the lows. I trailed aggressively this time and ended up with 10 ticks. The only winner of the day.

The rest were attempts to get a feel for direction and see if one would run out.

Trouble is, when I see a huge opening range like today, it almost always spells trouble for me in terms of how I like to trade. A 50 tick opening range seems to signal a range bound day and so far, thats what we are seeing. I don't know how to trade that way or at least how to see it in real time. Combine this with a narrow overnight range and I am in trouble.

I need to work on responding to these kinds of scenarios. Either dont trade or learn how to trade it. Reduce targets and stick with the set ups. This could work I suppose, change the way I see structure? If I do that, do I run the risk of losing what I have? I am a somewhat linear thinker. Unfortunately I tend to see things one way at a time. I am getting better at holding two opposing ideas in my head but acting on it does give me trouble.

Something to think about.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 12 users say Thank You to PandaWarrior for this post:
 
  #1556 (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

Another almost bust day

Oh man, can crude be a beast or what? I'm looking at the daily chart thinking its time to rollover and play dead. Looking for it all day but it wont roll over. In fact, it keeps looking like its gonna go up again. Higher highs and higher lows and all that business. So some losers, a few break evens, including a couple that had at least 15+ ticks and one that was +31 ticks....all added up to a really frustrating day....still expecting it to fail and roll over though....and if it did, to really take a dive quickly.

After the frustration levels reached their peak, I decided to talk to @Gary on the phone. Talked for about an hour....and as we're talking, price broke through the lower support levels, and I jumped on it. Rode it for 57 ticks. Enough to take care of the crap from earlier and make a decent profit as well. I had a secondary target I was holding for once it broke through the first target level but it came back and hit my trail. Of course it went straight to the secondary target right away for another 25 ticks or so.....but it was already past my first target, was willing to give the second one a chance but not a lot of room so those are the choices we make and live with.

Red line is the trail....there was a lot of room between the price and trend line, was not willing to let it come back all the way to the trend line.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 8 users say Thank You to PandaWarrior for this post:
 
  #1557 (permalink)
Elite Member
Houston, Tx
 
Futures Experience: Advanced
Platform: TT / NinjaTrader
Broker/Data: Esignal / Zen-Fire
Favorite Futures: CL
 
trippenlatin's Avatar
 
Posts: 185 since Mar 2010
Thanks: 144 given, 314 received

nice

good trading

The following 2 users say Thank You to trippenlatin for this post:
 
  #1558 (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

What up, my friend ?

When you "jump on" a break of a range, do you keep a tight stop?

What is your defense on "fake out's"

I can't tell you how much money I have left on the table by "waiting for the PB" that. sometimes
never really comes. Then, when price is about 2/3's to an intended target, it's the old, "don't chase" or
"too late to the party" gag.....

I have been starting to look at order flow and find that if no serious selling comes in
at the break out, the move is fairly safe.

Someday I will be brave.

Entering on extreme trends in my demon.

..... I hope all is well with you buddy


AJ
Nashville, Tennessee


"Life On The Edge of SR"
The following 4 users say Thank You to tderrick for this post:
 
  #1559 (permalink)
Elite Member
Phoenix, AZ
 
Futures Experience: Advanced
Platform: Multiple
Favorite Futures: CL, ES
 
rubyslippage's Avatar
 
Posts: 76 since Jun 2012
Thanks: 26 given, 487 received


tderrick View Post
When you "jump on" a break of a range, do you keep a tight stop?

What is your defense on "fake out's"

I can't tell you how much money I have left on the table by "waiting for the PB" that. sometimes
never really comes. Then, when price is about 2/3's to an intended target, it's the old, "don't chase" or
"too late to the party" gag.....

What I do with CL once a trend line breaks is gauge the strength of the break, then watch the initial pullback. If there's a S/R level to "catch" the break, such as the round number (93.00) Friday, I'd expect price to pull back to the trend line breakout level (93.10-ish).

You can immediately place a sell stop below 93.00 in case there's no significant pullback.

If price pulls back to the breakout level, you can enter there with a limit order, or trail a sell stop below the low of the pullback bars on a small time frame (1-min or 70-tick chart).

My defense on fake outs is to use a small stop, usually 10 ticks for straight up breakouts.

With symmetrical triangles around a flat 20EMA (like Friday's pre-break formation), the initial breakout almost always revisits the trend line break, so better to play it safe and get in on a second entry after evaluating the reaction.

I prefer the trailing stop trade entries to the anticipatory limit entries because I like the market to grab my hand and take me along as all the counter-trend traders' stops get triggered to market.

The following 6 users say Thank You to rubyslippage for this post:
 
  #1560 (permalink)
Elite Member
Phoenix, AZ
 
Futures Experience: Advanced
Platform: Multiple
Favorite Futures: CL, ES
 
rubyslippage's Avatar
 
Posts: 76 since Jun 2012
Thanks: 26 given, 487 received


One more thing, if price is trending hard (making new highs or low on the day) without you, you can use the same "trail a sell stop below the low of the pullback bars on a small time frame (1-min or 70-tick chart)" method to get in on the trend mid-stream. So Friday, after the LTL breakout you would, for example use a 1-min chart to enter a new short or add to a winner during the 11:31, 11:35 or 11:39 eastern time bars. This is one of various methods of entering a strong trend, the other common one being to simply place a buy or sell stop a tick or two outside the last new HOD or LOD that printed.

The following 5 users say Thank You to rubyslippage for this post:

Closed Thread



futures io > > > The PandaWarrior Chronicles

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     


All times are GMT -4. The time now is 09:04 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.15 seconds with 20 queries on phoenix via your IP 107.20.115.174