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


The PandaWarrior Chronicles
Updated: Views / Replies:234,240 / 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

  #1831 (permalink)
Banned: User asked to be banned
Calgary, Canada
 
Futures Experience: Intermediate
Platform: Multiple
Broker/Data: Multiple
Favorite Futures: Multiple
 
Deucalion's Avatar
 
Posts: 430 since Aug 2009
Thanks: 103 given, 1,207 received


PandaWarrior View Post
I don't have a chart right now but looks like I took it off perfectly....at least in terms of a trail stop. We'll see what happens going forward but I'm happy with the trade.

If I can get a couple more like that in 6E, I'll expand to maybe 3-5 other pairs and see how that goes. The idea being to spread risk around and look for opportunity wherever it exists. All while sizing appropriately.

The more I think about swing trading forex the more I like it. Mostly due to the ability to size correctly. Unless you have a sizable account, futures is tough to size right. Forex would allow me to sleep at night with correct position size.

So based on this, what is the consensus as to where to open a real account. Currently I have a very small account at FXCM. Mostly so I could use ninja trader with it. But I found this to be somewhat cumbersome as I couldn't get the data to work properly. So I'm using their web platform now. I refuse to use MT4 so anyplace where that's the only option is out. I'm open to suggestions.

cTrader
Currenex & Currenex Viking
PFSoft ProTrader
DukasCopy SWFX

or, if you have more than 100K -
Just pick up the phone and call either Dukascopy or one of the big Pool providers (like LMAX or Knight Hotspot, BT Prime, Sucden FXetc)

Forget US brokers (the horrible FIFO rule is something archaic and must be avoided). Once you can hedge, you do not need huge margins, this allows one to truly hedge positions.

Next, if not US based (I refuse US brokers now for FX). It must either be FCA or ASIC regulated (which is either UK or Aussie based).

Then look for how good their liquidity pool is.

Once you reject MT4, you automatically open yourself to DMA and STP types - some of which are below

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


PS - I should mention, I use naked charts with FX positions, so I don't need fancy indicators (although one could use NT with IQ FX feed or eSignal FX feed for charting, if so required).


Last edited by Deucalion; September 9th, 2013 at 11:20 PM. Reason: Grammar, Syntax
The following 6 users say Thank You to Deucalion for this post:
 
  #1832 (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


Deucalion View Post
cTrader
Currenex & Currenex Viking
PFSoft ProTrader
DukasCopy SWFX

or, if you have more than 100K -
Just pick up the phone and call either Dukascopy or one of the big Pool providers (like LMAX or Knight Hotspot, BT Prime, Sucden FXetc)

Forget US brokers (the horrible FIFO rule is something archaic and must be avoided). Once you can hedge, not only do you not need small margins, but also well and truly position yourself as a hedge fund.

Next, if not US based (I refuse US brokers now for FX). It must either be FCA or ASIC regulated (which is either UK or Aussie based).

Then look for how good their liquidity pool is.

Once you reject MT4, you automatically open yourself to DMA and STP types - some of which are below

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

Sandy, the spreadsheet is perfect. I'll spend some time looking at the ones on the sheet. I'd already looked at a couple you suggested and chose one from those but with these new ones, I'll have more to look at. I was hoping to get more input from the group but this is probably more than enough.

Thanks so much.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following user says Thank You to PandaWarrior for this post:
 
  #1833 (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

From the boys at Mercenary Trader


Positive Expectation, Scenario Gaming, and Moving Beyond Certainty | Mercenary Trader

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 5 users say Thank You to PandaWarrior for this post:
 
  #1834 (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: 29,352 given, 83,229 received



Speaking of expectancy, hope to see everyone in Tuesday's webinar with FT71. The topic is exactly that --- "The Holy Grail" as he calls it, Expectancy and Habits.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following 2 users say Thank You to Big Mike for this post:
 
  #1835 (permalink)
Sharpening mental edge
the congo
 
Futures Experience: Advanced
Platform: North sea oil rig
Favorite Futures: Cl
 
rassi's Avatar
 
Posts: 827 since Jun 2009
Thanks: 1,159 given, 926 received
Forum Reputation: Legendary

You will be able to get into LMAX with ALOT less than 100k.

Or might be worth looking at Armada markets, part of LMAX with very low acc and margin sizes. Preffered by scalpers due to speed and comms.


ARMADA MARKETS | Best ECN Broker | Forex Trading | Partner of LMAX


HTH.



Deucalion View Post
cTrader
Currenex & Currenex Viking
PFSoft ProTrader
DukasCopy SWFX

or, if you have more than 100K -
Just pick up the phone and call either Dukascopy or one of the big Pool providers (like LMAX or Knight Hotspot, BT Prime, Sucden FXetc)

Forget US brokers (the horrible FIFO rule is something archaic and must be avoided). Once you can hedge, you do not need huge margins, this allows one to truly hedge positions.

Next, if not US based (I refuse US brokers now for FX). It must either be FCA or ASIC regulated (which is either UK or Aussie based).

Then look for how good their liquidity pool is.

Once you reject MT4, you automatically open yourself to DMA and STP types - some of which are below

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


PS - I should mention, I use naked charts with FX positions, so I don't need fancy indicators (although one could use NT with IQ FX feed or eSignal FX feed for charting, if so required).


 
  #1836 (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 should note that most non US based brokers will not accept US based clients. Only brokers with a US based subsidiary will accept US clients. With all the associated baggage.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
  #1837 (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: 29,352 given, 83,229 received


PandaWarrior View Post
I should note that most non US based brokers will not accept US based clients. Only brokers with a US based subsidiary will accept US clients. With all the associated baggage.

Time to move!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #1838 (permalink)
The Narrow Road
Belgium
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader Brokerage, CQG
Favorite Futures: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 379 since Sep 2012
Thanks: 443 given, 457 received


PandaWarrior View Post
...validation ...

I'm rambling now but its because this was and is a rambling free flowing emotion....so I'll hang it up for now and if the muse hits to write further about this later on I will.

Panda Warrior - this validation thing is all around us.

It's why facebook works, why David Weis writes books (not to get rich I think) and why lots of people on futures.io (formerly BMT) seek out trading buddies. It was a big factor as to why futures.io (formerly BMT) was started I guess and is certainly a factor as to why so many people freely give assistance, time, expertise, programmes tips and opinions (bitter or otherwise). This is true of even some of the more prolific posters.

I'm glad that you are not going to fight it as it's just part of who we all are and will certainly help round you off.

Trading is a bit lonely too. You can be out to dinner with a pal and tell him / her of the "psychological difficulties" or that your day to day world is quite small ... and they might nod or acknowledge it but only other traders know.

Experienced and inexperienced traders (I know this) can all benefit by communicating and thinking out loud about what it is that we are doing.

What you call validation Herzberg called recognition.

Have a good one !

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

The following 3 users say Thank You to podski for this post:
 
  #1839 (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


podski View Post
Panda Warrior - this validation thing is all around us.

It's why facebook works, why David Weis writes books (not to get rich I think) and why lots of people on futures.io (formerly BMT) seek out trading buddies. It was a big factor as to why futures.io (formerly BMT) was started I guess and is certainly a factor as to why so many people freely give assistance, time, expertise, programmes tips and opinions (bitter or otherwise). This is true of even some of the more prolific posters.

I'm glad that you are not going to fight it as it's just part of who we all are and will certainly help round you off.

Trading is a bit lonely too. You can be out to dinner with a pal and tell him / her of the "psychological difficulties" or that your day to day world is quite small ... and they might nod or acknowledge it but only other traders know.

Experienced and inexperienced traders (I know this) can all benefit by communicating and thinking out loud about what it is that we are doing.

What you call validation Herzberg called recognition.

Have a good one !

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

I recognize the importance of recognition/validation. The difference is it seems like its not near as important any longer. I think it was Abraham Maslow that talked about self actualization. And as traders, we must be able to do that. While Maslow was talking about self actualization from a slightly different perspective, I think it still applies here. In other words, I can't effectively trade until how I trade, why I trade, etc are in line with my goals and my true inner self....and knowing I no longer need others to validate me is a huge step in that direction.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following user says Thank You to PandaWarrior for this post:
 
  #1840 (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

+40 CL...-1.25 ES...Net +33 CL ticks


Last day I trade ES I think. I found it really hard to focus on two day trading charts at the same time. More power to those who can. Swing trading FX while trading CL intra day is much easier than day trading two instruments.

Initially I had trouble deciding where to get in even though I had a good idea we were heading down to the 106.75 area based on the 240M chart. But price was having trouble getting any lower than the break area....so I took a probe trade with a ten tick stop mostly based on fear of missing out....that didn't go anywhere and got stopped out...but as it got closer to the open, price started to have some conviction to the downside follow through and so I got in and initially it didn't do much....but after a few minutes, sure enough it started to really get traction and made it all the way to my original target plus a bit more....although not enough to justify having had larger targets.

I followed my pre market routine of drawing the trend lines and the S/R lines before I clicked the mouse to enter. I followed my trade management rule of moving my stop at the predetermined level to go BE and I locked in a few ticks once I had a swing of sorts to hide the stop behind.


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:

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 10:37 PM.

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 2017-12-13 in 0.16 seconds with 20 queries on phoenix via your IP 54.226.113.250