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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #431 (permalink)
Elite Member
Moscow
 
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PandaWarrior View Post
Just something I have seen.....looking for better traders than me to chime in on this....

As far as I know a lot of traders are using trend line breakouts. They say when it breaks out you get impulsive move. I personally don't like them because trend lines are not as clear for me as horizontal S/R lines.

Trend lines work the same way as any other S/R lines. You can trade breakouts and feakouts. I think with smaller targets as you use it can be profitable. I used to look for major reversals on trend breakouts but a lot of times price continue to move in the trend direction after the break and you get another trend line.

I'm not a better trader. Just some thoughts.

Here is what I mean by "not clear for me" you can draw many more trend lines on the chart and I personally find it confusing. I guess one needs some rules about trend lines. Like first two swings Highs/Lows or look at the angel of the line or something else. If those are really clear trend lines for you and you wouldn't draw them any other way that's great.
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Last edited by vovan348; January 28th, 2012 at 12:58 PM.
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  #432 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
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PandaWarrior View Post
Just something I have seen.....looking for better traders than me to chime in on this....

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Its great pleasure to read you.
Well i say its one "more" style to trade....very good job.

BTW had sent a PM...back in Dec....perhaps u didnt got it. Np.

I was digging my old stuff for something else i needed...and got this....you may like it...its just a small saved webpage in 2006.

Harvest The Moon
Nest The Market
Attached Thumbnails
The PandaWarrior Chronicles-using-moving-averages-patterns-enter-into-fast-moves.pdf  
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  #433 (permalink)
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devdas View Post
Its great pleasure to read you.
Well i say its one "more" style to trade....very good job.

BTW had sent a PM...back in Dec....perhaps u didnt got it. Np.

I was digging my old stuff for something else i needed...and got this....you may like it...its just a small saved webpage in 2006.

That is just a break out strategy with SMA filter.

 
  #434 (permalink)
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vvhg View Post
Yes, of course, but making it look easy can only mean you do a good job! And what I can tell from here is that it looks like you do a very good job in deed!

I find it also interesting that on the charts you post I can in most cases immediately see why you entered/exited, which is probably good as well (doesn't mean I am a good trader though!).

Vvhg

Sent from my iPad using Tapatalk HD

I don't think it looks easy at all. There are always entries I wonder why they were taken, and other entries I wonder why they were not taken. Obviously there is an element in PandaWarrior's personal trading instinct that cannot be pointed to by arrows on the charts

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  #435 (permalink)
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monpere View Post
I don't think it looks easy at all. There are always entries I wonder why they were taken, and other entries I wonder why they were not taken. Obviously there is an element in PandaWarrior's personal trading instinct that cannot be pointed to by arrows on the charts

About the entries I have to agree as every discretionary trader will trade (at least slightly) differently. But even if there are entries I may not understand or agree with, most of them seem reasonable to me. I have to admit that I didn't really look at the entries not taken as it wouldn't make any sense to judge a discretionary trader by my rules.
I think that the gut feel indicator is quite an important one, but it hasn't got any arrows...
Isn't that instinct (part of) what lets some traders excel? If you didn't need any instinct it would probably be much easier to code profitable bots....

Vvhg


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Hic Rhodos, hic salta.
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  #436 (permalink)
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vovan348 View Post
As far as I know a lot of traders are using trend line breakouts. They say when it breaks out you get impulsive move. I personally don't like them because trend lines are not as clear for me as horizontal S/R lines.

Trend lines work the same way as any other S/R lines. You can trade breakouts and feakouts. I think with smaller targets as you use it can be profitable. I used to look for major reversals on trend breakouts but a lot of times price continue to move in the trend direction after the break and you get another trend line.

I'm not a better trader. Just some thoughts.

Here is what I mean by "not clear for me" you can draw many more trend lines on the chart and I personally find it confusing. I guess one needs some rules about trend lines. Like first two swings Highs/Lows or look at the angel of the line or something else. If those are really clear trend lines for you and you wouldn't draw them any other way that's great.
Attachment 60857


What you have provided is exactly the reason I sometimes struggle with getting trend lines correct. I mean, which one do you use right?

I've elected to go with the shorter term ones for now.....small targets and all.....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #437 (permalink)
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Great work, PW!! I feel like you're leaving me behind... Your instinct has grown much greater than mine.

...will catch up with ya, soon..


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #438 (permalink)
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tderrick View Post
Great work, PW!! I feel like you're leaving me behind... Your instinct has grown much greater than mine.

...will catch up with ya, soon..

Not so my friend, you are ahead of me....and I can prove it.....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #439 (permalink)
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ugly day

well after 3 hours worth of work, I have ten ticks to show for it....and I am darn happy to have them...

The long trade that worked was followed by a few break out trades. I have a mental block about them and while I saw them just fine, I couldn't take them. I kept wanting to be short....thankfully I didn't act on that until it was short but I couldn't hold anything today.

As this morning got underway, I was super tired from not sleeping at all last night and my hands were shaking like a leave in a Florida hurricane....first time that has happened in a long time....thought I had licked that problem....guess it will always be there in the subconscious. It finally passed but it didn't really help my trading today.

Time to pack it in and try again tomorrow.

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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #440 (permalink)
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In the heat
 
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I was blind today


Well, another 3 hours today and I stopped out. Looking at the chart which I marked in real time exactly as you see it, I could not get it right.....incredible how blind I was for some reason. Also I had an itchy trigger finger. Could not keep my hands off the damn mouse.

I think me missing the run up had something to do with the terrible trades at the top of the rally but does not explain the stupidity at the bottom.....

Something to think about the rest of the day.

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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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