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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #161 (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

Great plan Brian , keep up the good work my friend , it will pay off ,
God is always good

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  #162 (permalink)
Elite Member
denver, colorado
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: ZS
 
Surly's Avatar
 
Posts: 704 since Mar 2011
Thanks: 628 given, 1,242 received

Hey guys, sorry, that video I posted was not publicly share-able. I asked the admins to remove the post and so I'd just like to ask that if you still have the link, please do not post it publicly. thanks

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
 
  #163 (permalink)
Trading for Fun
Singapore, Jurong West
 
Futures Experience: Master
Platform: Metatrader
Broker/Data: OANDA
Favorite Futures: Currency
 
Nasdin94's Avatar
 
Posts: 128 since Oct 2011
Thanks: 11 given, 106 received


Your indicators seems to be a bit lagging by a bar or two.
Do you have any idea/methodology to remove this lag?

 
  #164 (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


Nasdin94 View Post
Your indicators seems to be a bit lagging by a bar or two.
Do you have any idea/methodology to remove this lag?

Thats because I have them set to calculate on bar close "True". I don't need them to be "non lagging". But I think the very definition of indicators means they are lagging.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #165 (permalink)
Elite Member
denver, colorado
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: ZS
 
Surly's Avatar
 
Posts: 704 since Mar 2011
Thanks: 628 given, 1,242 received

ATM strategies?

PW - I'm assuming you're using an ATM strategy for your entries? Have you considered adding a trailing stop strategy that kicks in at 11 ticks and is, for instance, a 3 or 4 tick trailing stop? This way you could set an open-ended target and just use the ATM stop strategy to take profits. This way anytime your trade hit +11, you would be sure of booking 7 or 8 ticks but if the market was moving strong and took off, you'd stay in the trade. Something to think about anyway.

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
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  #166 (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


Surly View Post
PW - I'm assuming you're using an ATM strategy for your entries? Have you considered adding a trailing stop strategy that kicks in at 11 ticks and is, for instance, a 3 or 4 tick trailing stop? This way you could set an open-ended target and just use the ATM stop strategy to take profits. This way anytime your trade hit +11, you would be sure of booking 7 or 8 ticks but if the market was moving strong and took off, you'd stay in the trade. Something to think about anyway.


Yeah, I've done that. It works a lot of the time. But since I am not looking for home run trades, I just take it off at 10 ticks and let be. I'm finally ok with that. The big runners I miss don't bother me any more. I'm super happy with 10 ticks from a trade. Basically I am just looking for 2-3 of those a day and I am done. I use a super tight trail stop to make sure my losers are smaller than my winners and just look for a few decent entries and let it go at that.

One day I will begin looking at larger trades.....but I think I will just go to a larger bar with the same set up and maybe take 20 ticks at a time. But thats down the road a ways. I am happy where I am at currently. It works and suits my personality.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #167 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
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Posts: 1,589 since Sep 2010
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PandaWarrior View Post
Yeah, I've done that. It works a lot of the time. But since I am not looking for home run trades, I just take it off at 10 ticks and let be. I'm finally ok with that. The big runners I miss don't bother me any more. I'm super happy with 10 ticks from a trade. Basically I am just looking for 2-3 of those a day and I am done. I use a super tight trail stop to make sure my losers are smaller than my winners and just look for a few decent entries and let it go at that.

One day I will begin looking at larger trades.....but I think I will just go to a larger bar with the same set up and maybe take 20 ticks at a time. But thats down the road a ways. I am happy where I am at currently. It works and suits my personality.


Dude... this is double creepy...

It's as if we going in the same direction on two different roads.

I just caught up with your journal after not reading for a couple of weeks and we are in the same place.

I am, also, looking for 10 tick targets with a tight stop and a minimal ATM. There is something
about the 7-12 area. Price almost always pauses there.

I, also, have eliminated almost all indys. PA is the key. I Place an order before any indy will
even move.


We should catch up on Skype soon.... I have been terribly busy in the studio and my
dad is in the hospital.

... maybe Tuesday or Wednesday AM?


I loved the post about your break week and your daughter. You are a good man.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #168 (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


tderrick View Post
Dude... this is double creepy...

It's as if we going in the same direction on two different roads.

I just caught up with your journal after not reading for a couple of weeks and we are in the same place.

I am, also, looking for 10 tick targets with a tight stop and a minimal ATM. There is something
about the 7-12 area. Price almost always pauses there.

I, also, have eliminated almost all indys. PA is the key. I Place an order before any indy will
even move.


We should catch up on Skype soon.... I have been terribly busy in the studio and my
dad is in the hospital.

... maybe Tuesday or Wednesday AM?


I loved the post about your break week and your daughter. You are a good man.

Hey AJ,

We do need to catch up. I am not free from indies yet. But the ones I do have actually do help me see price action better. They are just a collection of three items that help me stay with longer term trend, see HH/LL and and trade very short term trends within the longer term trend. After all, as a scalper, who needs to capture 100 tick runs and therefore, who needs set ups that produce those runs?

I will be done trading tomorrow around 7AM, maybe we can catch up then? If not then wednesday AM. I'll look for you online then. I'll have around 30 mins or so to talk.

Later.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #169 (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

I am on sim this week. There is some construction around my neighborhood and my internet is intermittent. Turns out the cable company is installing fiber to our area! So I relocated to the starbucks I mentioned last week and am trading sim this week on a wireless connection.

I've decided to test the removal of my tight trail stop.... that is a no go....I'll just live with both the good and the bad a tight trail stop produces.

I am also testing two extra setups besides the money set up I like so much. Today, those two extra entry ideas produced most of the winners.

We will see how they work out the remainder of the week.

Today's results on sim +37 ticks after commissions in about an hour or so of trading and 12 trades. 3 ticks per trade is not that efficient but I don't care about efficiency. I care about net profit at the end of my trading session.

Tomorrow and the remainder of the week, I am looking to do about the same as today. We'll see how it goes.

Cheers

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #170 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received



PandaWarrior View Post
I am on sim this week. There is some construction around my neighborhood and my internet is intermittent. Turns out the cable company is installing fiber to our area!

Lucky you

Mike

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