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The PandaWarrior Chronicles


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The PandaWarrior Chronicles

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  #401 (permalink)
 PandaWarrior 
In the heat
 
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Anyone reading that knows how to set a GOOD blog on blogspot or wordpress out there?

I need help setting up my own blog and I'd like it to at least look good. I don't have the slightest idea about how to really do this. I have another blog I write in occasionally that I used a standard blogspot template and it suffices for that purpose as I dont really intend for lots of people to read it. Its more of a personal diary thing....but my trading blog I wouldn't mind trying to make it more public and therefore would like one that looks nice but also is SUPER easy to use....

If anyone would like to volunteer, that would be awesome...PM me if you are interested.

Thanks....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #402 (permalink)
 Silvester17 
Market Wizard
Columbus, OH
 
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Big Mike View Post
On which timeframe?

Mike

just to show what the same ma (in this case 50 ema) on different timeframes looks like. more than 8 points difference between the shortest (5 min) and the longest (135 min) timeframe.

if you ask me, back to random lines.


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  #403 (permalink)
 tigertrader 
Philly, Pa
 
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Silvester17 View Post
just to show what the same ma (in this case 50 ema) on different timeframes looks like. more than 8 points difference between the shortest (5 min) and the longest (135 min) timeframe.

if you ask me, back to random lines.


“Some traders conceptualize problems differently than other traders.. These traders don’t succeed by accessing better information; they succeed by using the information differently than others.” In other words, “It’s not the uniqueness of the idea that’s the key. It’s the uniqueness of your ability to implement it.

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 bobarian 
whitestone, new york
 
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This reminds me of the choppy range the ym was in , from Aug and sept.The hedge funds were getting roasted...All the breakouts and breakdowns failed.The only support i can give to a breakout theory, is ,each time price goes to the high, the 21 ma and the 89 ma are grinding higher.The Only tradable trend was in Oct into Nov.Taking a long on a breakout, would be like carrying the flag into battle....imo.

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  #405 (permalink)
 tigertrader 
Philly, Pa
 
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PandaWarrior View Post
For the first time since I began this trading journey, I experienced a few things other successful traders have told me over the years would happen to me.

1. Trading should be boring....and it is. Except when #2 is successfully executed, then its exciting.

2. I've heard traders talk about stalking the trade....like it was some sort of prey to be stalked and killed. Its like sitting in a hunting blind looking to shoot a bull elk and passing the time while assorted other wildlife walk by unharmed. The bars on the chart are just assorted wildlife. Let them pass until the bull elk you are looking for shows up and its within range of your rifle. And then wait until you can make a kill shot with 100% certainty. I felt a bit of that today. An oddly exhilarating feeling. It could become addicting.

3. I've had traders tell me privately that once you "get it" you should be able to take money from the market almost every day if not every day. I am still not entirely sure about the "every" day part but after this week, I think its in the realm of possibility.

4. I finally feel a level of confidence I've never had before.

I can't quantify it, and I have a lot to learn still, BUT I feel different mentally and emotionally today. It feels like something shifted in the space time continuum and I'm not the same person I was last week, month or year.

I'm still a one trick pony. I have one trade in my tool box. But at least I think I know enough when to use that one trade and to just stay away when market structure does not support using my one trick. Over time, I'd like to add another trade or two to my arsenal but for now, I am dancing with the partner I know.

There's an old African proverb that goes like this; “Every morning in Africa a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must run faster than the slowest gazelle or it will starve to death. It doesn’t matter whether you are a lion or a gazelle. When the sun comes up, you better start running.” In other words, you have to constantly work on improving your trading or it will degrade; there’s no coasting in this game. Markets are constantly changing, and they never change for the better, nor get easier to trade, so you can never waste time or rest on your laurels. Remember, you're only as good as your next trade.

Once you intimately understand market structure, yourself, your abilities, and trust in your risk management there is nothing to fear from trading.

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  #406 (permalink)
 loxics 
Calgary, Canada
 
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PandaWarrior View Post
For the first time since I began this trading journey, I experienced a few things other successful traders have told me over the years would happen to me.

1. Trading should be boring....and it is. Except when #2 is successfully executed, then its exciting.

2. I've heard traders talk about stalking the trade....like it was some sort of prey to be stalked and killed. Its like sitting in a hunting blind looking to shoot a bull elk and passing the time while assorted other wildlife walk by unharmed. The bars on the chart are just assorted wildlife. Let them pass until the bull elk you are looking for shows up and its within range of your rifle. And then wait until you can make a kill shot with 100% certainty. I felt a bit of that today. An oddly exhilarating feeling. It could become addicting.

3. I've had traders tell me privately that once you "get it" you should be able to take money from the market almost every day if not every day. I am still not entirely sure about the "every" day part but after this week, I think its in the realm of possibility.

4. I finally feel a level of confidence I've never had before.

I can't quantify it, and I have a lot to learn still, BUT I feel different mentally and emotionally today. It feels like something shifted in the space time continuum and I'm not the same person I was last week, month or year.

I'm still a one trick pony. I have one trade in my tool box. But at least I think I know enough when to use that one trade and to just stay away when market structure does not support using my one trick. Over time, I'd like to add another trade or two to my arsenal but for now, I am dancing with the partner I know.

Your journal has been truly inspiring. It's one thing to hear about a successful trader talk about their great frame of mind. It's quite another witnessing someone in the transformation process of becoming a professional.

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  #407 (permalink)
 PandaWarrior 
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Got off to a bad start.....had real trouble with PA.....but I reset and managed to scrap 58 ticks together.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #408 (permalink)
 bobarian 
whitestone, new york
 
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PandaWarrior View Post
Got off to a bad start.....had real trouble with PA.....but I reset and managed to scrap 58 ticks together.


nice job, pandawarrior.I shut it down , around 8:30 your time, which is typical for me.The best trades, of the am imo, were just after that.Well done

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  #409 (permalink)
 PandaWarrior 
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tigertrader View Post
There's an old African proverb that goes like this; “Every morning in Africa a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must run faster than the slowest gazelle or it will starve to death. It doesn’t matter whether you are a lion or a gazelle. When the sun comes up, you better start running.” In other words, you have to constantly work on improving your trading or it will degrade; there’s no coasting in this game. Markets are constantly changing, and they never change for the better, nor get easier to trade, so you can never waste time or rest on your laurels. Remember, you're only as good as your next trade.

Once you intimately understand market structure, yourself, your abilities, and trust in your risk management there is nothing to fear from trading.

Under these circumstances, nothing would be boring. Perhaps trading should not be boring. Both the lion and the gazelle are running, neither can be bored.

I think for a long time I have been the gazelle. Always running with no real goal in mind. Just escape the lion....now I feel a bit more like the lion. Running but with a strategic purpose. To cut off the gazelles escape routes and to bring him down with as little effort as possible. After all, lions don't much like to run. They'd much rather eat and lay around.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #410 (permalink)
 bluemele 
Honolulu, Hawaii
 
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PandaWarrior View Post
Under these circumstances, nothing would be boring. Perhaps trading should not be boring. Both the lion and the gazelle are running, neither can be bored.

I think for a long time I have been the gazelle. Always running with no real goal in mind. Just escape the lion....now I feel a bit more like the lion. Running but with a strategic purpose. To cut off the gazelles escape routes and to bring him down with as little effort as possible. After all, lions don't much like to run. They'd much rather eat and lay around.

I think success is 'boring' if you are not reaching to further heights. When you reach success in your business it 'should be boring' in the sense that it comes easy.

There is a difference in the feelings one gets when they first start clicking live compared to when you click now. In a way, it is 'boring'. But, I think the point is for all of us to keep our passion strong as to think it does not evolve is a falsity.

I come to trading mainly for that reason. I don't want to go through cycles of ups/downs again like what we have seen in RE. I prefer something 'boring' and consistent and without the steep learning curve and I do not see trading having a continued learning curve indifferent than anything else. But of course, I am not the guy pulling in millions per year either.. Or even thousands from trading...

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  #411 (permalink)
 PandaWarrior 
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bluemele View Post
I think success is 'boring' if you are not reaching to further heights. When you reach success in your business it 'should be boring' in the sense that it comes easy.

There is a difference in the feelings one gets when they first start clicking live compared to when you click now. In a way, it is 'boring'. But, I think the point is for all of us to keep our passion strong as to think it does not evolve is a falsity.

I come to trading mainly for that reason. I don't want to go through cycles of ups/downs again like what we have seen in RE. I prefer something 'boring' and consistent and without the steep learning curve and I do not see trading having a continued learning curve indifferent than anything else. But of course, I am not the guy pulling in millions per year either.. Or even thousands from trading...

For me, its the utter dependency on myself as opposed to depending on outside factors that appeals to me so much. And no employees.....thats the best part.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #412 (permalink)
 VinceVirgil 
Toronto, Canada
 
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PandaWarrior View Post
For me, its the utter dependency on myself as opposed to depending on outside factors that appeals to me so much. And no employees.....thats the best part.

Ah, having a personal assistant is wonderful. He/she does the stuff you dont like to do and are not very good at. Someone that can pick up you dry cleaning, do the shopping at the grocery store, take the car in for an oil change, or at least arrange for the oil change. They make appointments for you, so you dont have to. All the mundane stuff that is time consuming. Need to book a flihght...done. Need flowers for the wife? no problemo. I could go on and on and on.

Sure, you have to pay them a salary, but, whats 100 bucks a day, when you are pulling down 2000? And how much more could you be making without the interuptions of the mundane stuff?

I think I'll always have an assistant. The one employee.

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  #413 (permalink)
 PandaWarrior 
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VinceVirgil View Post
Ah, having a personal assistant is wonderful. He/she does the stuff you dont like to do and are not very good at. Someone that can pick up you dry cleaning, do the shopping at the grocery store, take the car in for an oil change, or at least arrange for the oil change. They make appointments for you, so you dont have to. All the mundane stuff that is time consuming. Need to book a flihght...done. Need flowers for the wife? no problemo. I could go on and on and on.

Sure, you have to pay them a salary, but, whats 100 bucks a day, when you are pulling down 2000? And how much more could you be making without the interuptions of the mundane stuff?

I think I'll always have an assistant. The one employee.

I've had the assistant and it was nice, but since simplifying my life dramatically, I no longer need one. My iPhone along with Google's various services make these things pretty simple. In fact, I kinda enjoy some of these mundane things. Since I only trade about 2 hours a day and I'm done before most people go to work, it looks like I am retired! Maybe someday, I'll do the assistant thing again. But first I'll have a pool guy and a lawn guy and a house cleaner....three chores I hate......

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #414 (permalink)
 bluemele 
Honolulu, Hawaii
 
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PandaWarrior View Post
I've had the assistant and it was nice, but since simplifying my life dramatically, I no longer need one. My iPhone along with Google's various services make these things pretty simple. In fact, I kinda enjoy some of these mundane things. Since I only trade about 2 hours a day and I'm done before most people go to work, it looks like I am retired! Maybe someday, I'll do the assistant thing again. But first I'll have a pool guy and a lawn guy and a house cleaner....three chores I hate......

I can think of some trivial duties that either myself or my wife could be excused from:

-Massage, 1 hour every 3 days! ya baby!

-Life Coach, every other day, Mental cheering up and re-positioning!

-CPA/Bookkeeper/Tax Attorney full time, this is obvious as I don't know anyone enjoying this!

-Exercise coach, I personally don't need this but my wife does and something I don't like 'coaching'.

-house chores, etc..

Oh the joy of making millions in the market.

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  #415 (permalink)
 Adamus 
London, UK
 
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PandaWarrior View Post
2. I've heard traders talk about stalking the trade....like it was some sort of prey to be stalked and killed. Its like sitting in a hunting blind looking to shoot a bull elk and passing the time while assorted other wildlife walk by unharmed. The bars on the chart are just assorted wildlife. Let them pass until the bull elk you are looking for shows up and its within range of your rifle. And then wait until you can make a kill shot with 100% certainty. I felt a bit of that today. An oddly exhilarating feeling. It could become addicting.

That metaphor really helps, the waiting and the certainty part. To keep myself out of trades and not to overtrade with dumb trades. Thanks v. much.

You can discover what your enemy fears most by observing the means he uses to frighten you.
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  #416 (permalink)
 Lornz 
Oslo, Norway
 
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You guys are going about it all wrong. The first thing you need isn't a gardener or an assistant, it's a couple of ex-CIA/Secret Service guys to keep you safe.

I don't really like employing people, because it makes me feel guilty. Therefore I end up overpaying to rid myself of that feeling.

Thankfully one can order most of what one needs online these days. For all other arrangements I find using a concierge service is good, especially for traveling. I've been a Quintessentially member, and it was pretty decent.

Apparently the Amex Centurion service is good, but I haven't received my invite yet. Maybe others can chime in on that?

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  #417 (permalink)
 PandaWarrior 
In the heat
 
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bluemele View Post
I can think of some trivial duties that either myself or my wife could be excused from:

-Massage, 1 hour every 3 days! ya baby!

-Life Coach, every other day, Mental cheering up and re-positioning!

-CPA/Bookkeeper/Tax Attorney full time, this is obvious as I don't know anyone enjoying this!

-Exercise coach, I personally don't need this but my wife does and something I don't like 'coaching'.

-house chores, etc..

Oh the joy of making millions in the market.


Massage. check
Life Coach. Check
CPA. Check
Personal Trainer. Check

Done all of those....enjoyed them all except the personal trainer....I think she tried to kill me!!!!

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #418 (permalink)
 PandaWarrior 
In the heat
 
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Lornz View Post
You guys are going about it all wrong. The first thing you need isn't a gardener or an assistant, it's a couple of ex-CIA/Secret Service guys to keep you safe.

I don't really like employing people, because it makes me feel guilty. Therefore I end up overpaying to rid myself of that feeling.

Thankfully one can order most of what one needs online these days. For all other arrangements I find using a concierge service is good, especially for traveling. I've been a Quintessentially member, and it was pretty decent.

Apparently the Amex Centurion service is good, but I haven't received my invite yet. Maybe others can chime in on that?

I like the look of that Quintessentially thing....I've used the Amex stuff in a former...much wealthier life and I have to say they are good but left me stranded in Asia once because I failed to inform them I was leaving the country and therefore they denied all charges. I had to rustle up some cash to get home......not helpful....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #419 (permalink)
 PandaWarrior 
In the heat
 
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+45. Would have been more but I got stopped out to the tick on my -8 trade and then price when my way instantly...That was the open and I think I should have been flat but forgot to take notice of the time.

Two other trades less than ten ticks were me trying to get cute with the stop.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #420 (permalink)
 PandaWarrior 
In the heat
 
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Took my kid to school, came back. Was on skype with my friend and while we talked, I took a few more trades. Ended up +72 on the day. Tried a couple of things I normally wouldn't do but I was up nicely and felt like I had a few ticks to give.

Anyway, a nice day and now I am toast.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #421 (permalink)
 bobarian 
whitestone, new york
 
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PandaWarrior View Post
Took my kid to school, came back. Was on skype with my friend and while we talked, I took a few more trades. Ended up +72 on the day. Tried a couple of things I normally wouldn't do but I was up nicely and felt like I had a few ticks to give.

Anyway, a nice day and now I am toast. looks like Pandawarrior is in the zone!! inspiring, and well done


looks to me like Pandawarrior is in the zone!! Inspiring, and well done

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  #422 (permalink)
 PandaWarrior 
In the heat
 
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Made a couple of mistakes in reading price action plus the sloppy mess we had to trade in this morning cost me 25 ticks today.

I continued to look at price for a while longer after my stop out and marked 50 ticks worth of winners. To bad I couldn't take them. Oh well, thats what a hard daily stop is for.

No chart today as I am posting on a different computer. Suffice to say, its a mess!

Cheers.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #423 (permalink)
 bobarian 
whitestone, new york
 
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PandaWarrior View Post
Made a couple of mistakes in reading price action plus the sloppy mess we had to trade in this morning cost me 25 ticks today.

I continued to look at price for a while longer after my stop out and marked 50 ticks worth of winners. To bad I couldn't take them. Oh well, thats what a hard daily stop is for.

No chart today as I am posting on a different computer. Suffice to say, its a mess!

Cheers.

I understand what you mean!The first video recap i didnt use, because i was just laughing at the junk.Even the breakout was really vertical.A good thing though, is you didnt tilt, and give this market 80 ticks!

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  #424 (permalink)
 PandaWarrior 
In the heat
 
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+60


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #425 (permalink)
 PandaWarrior 
In the heat
 
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+74


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #426 (permalink)
 VinceVirgil 
Toronto, Canada
 
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PandaWarrior View Post
+74


I tell you what. You are making it look easy.

Thats very nicely done.

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  #427 (permalink)
 vovan348 
Moscow
 
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I tell you what. You are making it look easy.

Thats very nicely done.

I agree. But we all know that it takes a lot of work to make it look that way.

Great job PW!!!

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 PandaWarrior 
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I tell you what. You are making it look easy.

Thats very nicely done.

Nothing could be further from the truth. Its simple but not easy.

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 vvhg 
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PandaWarrior View Post
Nothing could be further from the truth. Its simple but not easy.

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!).

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 PandaWarrior 
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Just something I have seen.....looking for better traders than me to chime in on this....


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 vovan348 
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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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 devdas 
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PandaWarrior View Post
Just something I have seen.....looking for better traders than me to chime in on this....


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
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 vovan348 
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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.

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 monpere 
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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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 vvhg 
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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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 PandaWarrior 
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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.....

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 tderrick 
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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..


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 PandaWarrior 
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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..

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

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 PandaWarrior 
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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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 PandaWarrior 
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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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 monpere 
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PandaWarrior View Post
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.

Reminds me when I was a discretionary trader. "WTF was I thinking?" was a regular phrase written on my charts at the end of many days. Hope you get the normal mojo back by tomorrow.

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 trendisyourfriend 
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monpere View Post
Reminds me when I was a discretionary trader. "WTF was I thinking?" was a regular phrase written on my charts at the end of many days. Hope you get the normal mojo back by tomorrow.

Positive reinforcement is always better Wow, That's Fantastic! was I thinking.

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 PandaWarrior 
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monpere View Post
Reminds me when I was a discretionary trader. "WTF was I thinking?" was a regular phrase written on my charts at the end of many days. Hope you get the normal mojo back by tomorrow.

I used to think it every day, thankfully I don't have to say that very often any more but it still happens. I suppose being human, I won't be able to be perfect 100% of the time....whats different about this time as opposed to all the other times is that I have a winning (short to be sure) record and I know I will recover tomorrow. I'm not worried.

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 bluemele 
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PandaWarrior View Post
I used to think it every day, thankfully I don't have to say that very often any more but it still happens. I suppose being human, I won't be able to be perfect 100% of the time....whats different about this time as opposed to all the other times is that I have a winning (short to be sure) record and I know I will recover tomorrow. I'm not worried.

That is what I was going to post when I read your results. Having expectations of profit every day can be disastrous I think.

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 PandaWarrior 
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Another tough day. Good trades set up just prior to the news. I had a couple more WTF trades but they didn't hurt me mentally like they did yesterday.

I slogged through the narrow range day, avoided most of the chop and managed to exit my trading day with +5 ticks. Losing streak averted......


Chart is a mess....oh well.


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 Adamus 
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PandaWarrior View Post
Another tough day. Good trades set up just prior to the news. I had a couple more WTF trades but they didn't hurt me mentally like they did yesterday.

I slogged through the narrow range day, avoided most of the chop and managed to exit my trading day with +5 ticks. Losing streak averted......


Chart is a mess....oh well.

Hi PandaWarrior,

following your chronicle for a while now and just now that your comments have got briefer, I've started looking more at the chart mark-up and I guess I should know but it still isn't obvious - you mark you trades with an arrow and the number of points made, right - is that the entry bar or the exit bar or is it both on one bar? So I couldn't work out what your comment referred to when you mentioned almost selling the top. Apart from that, the chart is a bit crowded but still readable.

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 PandaWarrior 
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Adamus View Post
Hi PandaWarrior,

following your chronicle for a while now and just now that your comments have got briefer, I've started looking more at the chart mark-up and I guess I should know but it still isn't obvious - you mark you trades with an arrow and the number of points made, right - is that the entry bar or the exit bar or is it both on one bar? So I couldn't work out what your comment referred to when you mentioned almost selling the top. Apart from that, the chart is a bit crowded but still readable.

Yes the posts have gotten shorter...I've grown tired of hearing myself talk about myself....I find its pretty boring.

As to the arrows. The arrows mark the close of the bar. In other words, if an arrow is pointing down, then I went short at the break of that close. The ticks are net after commissions.

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 PandaWarrior 
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Well, I got killed today. I did a terrible job on execution, entry identification and on the trades I had right, I had trouble holding them because of the choppy nature.

I tried a variation on a theme today and it bombed disastrously. Tried to get cute basically. Back to what works.


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 bobarian 
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PandaWarrior View Post
Well, I got killed today. I did a terrible job on execution, entry identification and on the trades I had right, I had trouble holding them because of the choppy nature.

I tried a variation on a theme today and it bombed disastrously. Tried to get cute basically. Back to what works.


tuff day for sure...i had very similar trades..alot of trend lines...the +23, was just a breakdown?Isee on my chart, it broke thru an ascending trendline and, the bottom of the prior swing low.

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 cory 
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Well, I got killed today. I did a terrible job on execution, entry identification and on the trades I had right, I had trouble holding them because of the choppy nature.

I tried a variation on a theme today and it bombed disastrously. Tried to get cute basically. Back to what works.

Ben speak at 10, Evan speak at 12 and waiting for FB IPO.

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 monpere 
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PandaWarrior View Post
Well, I got killed today. I did a terrible job on execution, entry identification and on the trades I had right, I had trouble holding them because of the choppy nature.

I tried a variation on a theme today and it bombed disastrously. Tried to get cute basically. Back to what works.

Does seem to be a tough and weird day! I got virtually no clean signals the entire morning. That almost never happens with my method. I guess the good news is, at least the method keeps me out of market conditions it was not designed for.

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 VinceVirgil 
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PandaWarrior View Post
Yes the posts have gotten shorter...I've grown tired of hearing myself talk about myself....I find its pretty boring.

As to the arrows. The arrows mark the close of the bar. In other words, if an arrow is pointing down, then I went short at the break of that close. The ticks are net after commissions.

Not to mention the time it takes to type it all in. Particularily if you are a one finget typer like me. My brother is a programmer, you cant even see his fingers move when he is tapping out the keys.

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 PandaWarrior 
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Not to mention the time it takes to type it all in. Particularily if you are a one finget typer like me. My brother is a programmer, you cant even see his fingers move when he is tapping out the keys.

I type reasonably fast but I just find I dont have much to say anymore. I did a ton of self analysis over the last couple of years. I'm not saying more shouldn't be done, its just that the analysis I have done is still in the process of being worked on. At some point, I'll probably hire a trading coach. Someone like Dr Menaker or perhaps Denise Schull or someone like that to work on fine tuning stuff but for now, the major issues I think I am familiar with and quite frankly, I tire of repeating it over and over.

Like today, I broke some rules....no need to go into a three hour tour of why. I know why. I was impatient and greedy. Enough said.

I felt such a sense of disappointment in myself for behaving in this fashion I know that tomorrow I will not repeat. I have already forgiven myself, promised to do better and so a new and promising day opens up before me.

I'm enjoying myself finally as a trader, I like the challenge, the stalking of the trade, the sense of a job well done when I execute properly, the reward that comes from preparing a plan, working the plan and seeing the results....all good things. I am striving to produce more and more of those feelings each day. This week I've had a couple of set backs. I suppose that is to be expected from time to time. Nothing to get to excited about.

Cheers.

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 PandaWarrior 
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I took three stops in a row. One was a good trade, the other two looked good but in hindsight were not. I stopped trading right then and just marked charts for three hours. I had some winners and some losers as well as some break evens.

To be fair, I think on a one min chart, this was one of the more difficult days to trade in recent memory. However, that is not an excuse for poor trading. Good trading was perhaps no trading today.

No charts today, if you trade or follow crude, you know what it looked like. Suffice to say, the chart is messy and unproductive.

I struggled with trend lines today. Where to put them, I keep telling myself to put them where it makes sense without even drawing the lines themselves. However, I often want to trade before the trendline is in play. For instance, a pull back to a moving average. Today that was just death. I took some S/R breaks without waiting for a candle to close. This is pretty aggressive trading for me. However, its the only way I could get more than 10 ticks before it went the other way. Since I am a scalper that needs a trend to follow through, days like this are hard for me.

Perhaps I need to develop a way to trade days like this. This is not a typical CL day, however, its really easy to get blown out if you try to trend trade and there is no trend.

I think I will engage in some study of how to trade non trending days. I think I know how. Just take limit orders at S/R. But that scares me a bit since I have seen and continue to see these kinds of orders just get blown away. And then, how big is the stop. There is no swing to measure that with. Perhaps its a hard money stop.

Anyway, I am glad its Friday, I need the weekend to rest and recover the mojo.

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 bobarian 
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PandaWarrior View Post
I took three stops in a row. One was a good trade, the other two looked good but in hindsight were not. I stopped trading right then and just marked charts for three hours. I had some winners and some losers as well as some break evens.

To be fair, I think on a one min chart, this was one of the more difficult days to trade in recent memory. However, that is not an excuse for poor trading. Good trading was perhaps no trading today.

No charts today, if you trade or follow crude, you know what it looked like. Suffice to say, the chart is messy and unproductive.

I struggled with trend lines today. Where to put them, I keep telling myself to put them where it makes sense without even drawing the lines themselves. However, I often want to trade before the trendline is in play. For instance, a pull back to a moving average. Today that was just death. I took some S/R breaks without waiting for a candle to close. This is pretty aggressive trading for me. However, its the only way I could get more than 10 ticks before it went the other way. Since I am a scalper that needs a trend to follow through, days like this are hard for me.

Perhaps I need to develop a way to trade days like this. This is not a typical CL day, however, its really easy to get blown out if you try to trend trade and there is no trend.

I think I will engage in some study of how to trade non trending days. I think I know how. Just take limit orders at S/R. But that scares me a bit since I have seen and continue to see these kinds of orders just get blown away. And then, how big is the stop. There is no swing to measure that with. Perhaps its a hard money stop.

Anyway, I am glad its Friday, I need the weekend to rest and recover the mojo.

I agree with everything you mentioned...This week, in general, has been very rangy, and the 1 minute gets very tricky.I got roasted today...just not patient enough.I sensed a few weeks ago, the cl had changed.Its almost like its waiting for something to happen..The 8:30 news blew out the chart.I find, that it takes some time, for the trading to get back to normal.I also had 2 trendlines from yesterday, that were prominent(horizontal).Also, i added one more today.In the past, you have mentioned the 5 min, and today , the 5 min was nasty.However, the range, from 9am to 10 am, was between 96.60 , and 97.20s.This seemed to me to be the lines in the sand.When price got into the 97>20s, sellers came in.Also, trading in the middle of this pitiful 63 tick range, was not good.I have been looking for overshoots of reliable trendlines, to enter(usually on a dogi or hammer)And this is counter trend, but, its merely observing where price is likely to react,which is a pullback in itself.***************limit orders at s/r levels is what they did today from 9-10 am eastern(imo),So, overshoots are nice, but, i still wait for a candle on the 1 min, like a doji...I dont just limit in ...

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 tderrick 
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I took three stops in a row. One was a good trade, the other two looked good but in hindsight were not. I stopped trading right then and just marked charts for three hours. I had some winners and some losers as well as some break evens.

I

Anyway, I am glad its Friday, I need the weekend to rest and recover the mojo.


Have a good weekend, brother....


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 bluemele 
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I have some comments:

1. Don't be hard on yourself. As mentioned, not all conditions are ripe for every method. Otherwise there would be a line straight up on the Equity charts. Haven't seen one yet....

2. When you get into these conditions, they could change that day and go back, or they could remain the same for weeks, months or even years. There is no guarantee that HFT or something else is slowly changing the game and now you have to migrate, which I doubt is happening, but to always be aware which you are.

3. I remember back in the day you were scaling your Stop/TP's off of ATR/ADR, etc.. That might be worth evaluating? So you would scale up in your TP/SL etc..

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 PandaWarrior 
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I have some comments:

1. Don't be hard on yourself. As mentioned, not all conditions are ripe for every method. Otherwise there would be a line straight up on the Equity charts. Haven't seen one yet....

2. When you get into these conditions, they could change that day and go back, or they could remain the same for weeks, months or even years. There is no guarantee that HFT or something else is slowly changing the game and now you have to migrate, which I doubt is happening, but to always be aware which you are.

3. I remember back in the day you were scaling your Stop/TP's off of ATR/ADR, etc.. That might be worth evaluating? So you would scale up in your TP/SL etc..

Item three: I have reverted to scaling targets up and down based on the current range of the day when I sit down. About 10% of the range for a target. Its not perfect of course but today, I had a hard time getting ten. Trading close of bars makes for tough trading in a narrow range. Of course I could scale down to an 89 or 150 tick chart. I've never done that but I suppose it could be tried on narrow days, at least I could get in the "trend" such as it is a bit early.

As to the other items, I agree. I'm not beating myself up. Its been a hard week mostly due to my own behavior, I have learned from it.

Here's to a better week next week.

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 tderrick 
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Item three: I have reverted to scaling targets up and down based on the current range of the day when I sit down. About 10% of the range for a target. Its not perfect of course but today, I had a hard time getting ten. Trading close of bars makes for tough trading in a narrow range. Of course I could scale down to an 89 or 150 tick chart. I've never done that but I suppose it could be tried on narrow days, at least I could get in the "trend" such as it is a bit early.

As to the other items, I agree. I'm not beating myself up. Its been a hard week mostly due to my own behavior, I have learned from it.

Here's to a better week next week.


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 devdas 
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bluemele View Post
I have some comments:

1. Don't be hard on yourself. As mentioned, not all conditions are ripe for every method. Otherwise there would be a line straight up on the Equity charts. Haven't seen one yet....

............................................................

3. I remember back in the day you were scaling your Stop/TP's off of ATR/ADR, etc.. That might be worth evaluating? So you would scale up in your TP/SL etc..

1) I too had to say same thing, but a little quirk - without indulging/losing/participating some fraction of day it cant be judged , its not my kind of day....

3) I had used this approach of basing on %of ADR/ATR....but they leave me unreachable tgt in every kind of day whether be good range or lower than average. I changed this in two simultaneous ways

a) To base my tgt based on Average Range of bars over some look back period.

b)I tried to make a habit of restricting me to like,

Entry on Lower than average range bar.

Exit on Greater than average range bar.

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 PandaWarrior 
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I was gun shy today. Only took one actual trade. But I marked a bunch of stuff and sure enough, would have had a nice day.

Oh well. I suppose after last week I was nervous about my PA reading skills. To be fair, I marked some really crappy trades today....counter trend mostly and I would never take those live but I wanted to see if I could do it real time.

So my chart has the arrows...small triangles are counter trend trades I marked. I really hate those things....

Had I taken all the trades not including the counter trend trades it was a 60 tick day.....trading for ten ticks with a ten tick stop.



Back to trading for real tomorrow

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 tderrick 
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Good luck!!


---
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 tderrick 
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sorry for the geo tag.... I'm trying out tapaTalk....


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 PandaWarrior 
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sorry for the geo tag.... I'm trying out tapaTalk....

my taptalk is not working.

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 Surly 
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Pdub - FYI, I've gone through several sessions of coaching with Andrew M. I'm working my way through some of Denise Shull's material now (some of the workshops on traderpsyches). Andrew is great, my sessions with him were productive. Not far enough through Denise's material yet to say whether its worth the money but I like her approach and ideas. PM me if you want more info - be happy to talk/email about it.

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 PandaWarrior 
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Surly View Post
Pdub - FYI, I've gone through several sessions of coaching with Andrew M. I'm working my way through some of Denise Shull's material now (some of the workshops on traderpsyches). Andrew is great, my sessions with him were productive. Not far enough through Denise's material yet to say whether its worth the money but I like her approach and ideas. PM me if you want more info - be happy to talk/email about it.

Ok, i may do that tomorrow....thanks for the offer to talk....

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 tderrick 
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sorry for the geo tag.... I'm trying out tapaTalk....

What's the matter with it?


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 PandaWarrior 
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What's the matter with it?

It wont log into the forum...

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 PandaWarrior 
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+25 ticks

small triangles are trades I looked at taking but passed on.


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 devdas 
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+25 ticks

small triangles are trades I looked at taking but passed on.


what were your thought on second triangle ?

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 bobarian 
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nice job Panda!

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 tderrick 
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It wont log into the forum...

Mine did that and I cleared the cache, then started over...


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 tderrick 
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+25 ticks

small triangles are trades I looked at taking but passed on.



He's back....


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 PandaWarrior 
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what were your thought on second triangle ?


it broke the trend line but I didnt like the way it broke the previous swing low either....so i passed on it.

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 VinceVirgil 
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+25 ticks

small triangles are trades I looked at taking but passed on.


I like seeing people get paid for their hard work.

Nicely done.

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 PandaWarrior 
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+30

Had a couple of +1 or BE. These two trades were not trades I liked. I am glad I exited them. The small triangle is a trade I would have taken had I been at my desk. I was away momentarily.

Price action was herky jerky to me today. A quick spike up, then a few bars down or sideways. I was patient and waited.

After 30 ticks, I decided I had enough and took my kid to school. I am glad I did as there were a couple of places I think I would have gotten stopped out and the oil number did not present any decent entry point for me so I would have missed out on the entire sell off more than likely.


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 PandaWarrior 
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After taking my kid to school and running an errand, I got back, sat down and did two more trades. Then I took off again and went to see my parents.

total +48 ticks today.


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 madLyfe 
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nice trading panda!

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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 VinceVirgil 
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Outstanding trading.

BTW, I think its 49, which is even better.

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 PandaWarrior 
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Outstanding trading.

BTW, I think its 49, which is even better.

Actually its 61. I did a couple more....couldn't help it.


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 cory 
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Actually its 61. I did a couple more....couldn't help it.

its like auto reflex thing, once you see the signal your finger moves on its own.

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 PandaWarrior 
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cory View Post
its like auto reflex thing, once you see the signal your finger moves on its own.

Well, not quite that reflexive yet, but getting there.

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 madLyfe 
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i personally would like to see you trade on video to see your thought process during your style of trading. would be beneficial to you and the rest of us. either way i enjoy your journal, thanks.

dont believe anything you hear and only half of what you see

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 PandaWarrior 
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i personally would like to see you trade on video to see your thought process during your style of trading. would be beneficial to you and the rest of us. either way i enjoy your journal, thanks.

I can barely maintain focus on trading let alone juggle recording the session and then trying to look like I know what the heck I am doing on video.....it would be an absolute disaster......

I might at some point make a post trade video and perhaps rehash what I was thinking during the trades.....but thats mostly what I do in the thread already so not sure if thats a good idea.

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 tderrick 
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Panda going viral!!! Yes !!!!


Aj

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 PandaWarrior 
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well the best trade of the day was early on, I got 4 ticks when I could have had ten. but the morning was narrow, I decided to look for quick hits and not worry about tens today. After that, I got ten then a BE and a +2. There was only one other trade that looked familiar to me at all and I passed on it as I no longer trusted the entries today, everything I thought would run at least ten did not. And the entries I wanted were to risky for me today, Yesterday, I took larger risks as price action inspired confidence in taking the larger risk. Not today.


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 cory 
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I can barely maintain focus on trading let alone juggle recording the session and then trying to look like I know what the heck I am doing on video.....it would be an absolute disaster......

...

correct! you will try to be heroic in front of live audiences.

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 bobarian 
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i was watching the cl on the 5 min, and it wasnt tradable for me...huge candles, and rangy and wippy.The risk was very large i thought.And i was wondering about the 1 min.Good job, i considered today untradable, and you managed to get some.Lately, i have a cash market chart of the cl also(9am eastern to 2:30)and just loooking at that tells the story.There is a real bvattle going on at this 100 level.

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 VinceVirgil 
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bobarian View Post
i was watching the cl on the 5 min, and it wasnt tradable for me...huge candles, and rangy and wippy.The risk was very large i thought.And i was wondering about the 1 min.Good job, i considered today untradable, and you managed to get some.Lately, i have a cash market chart of the cl also(9am eastern to 2:30)and just loooking at that tells the story.There is a real bvattle going on at this 100 level.

I think recognising when you cant trade is a very good thing to do.

My personality is to plow ahead anyway. And its gotten me in trouble more than once for sure...not only in trading anyway.

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 VinceVirgil 
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well the best trade of the day was early on, I got 4 ticks when I could have had ten. but the morning was narrow, I decided to look for quick hits and not worry about tens today. After that, I got ten then a BE and a +2. There was only one other trade that looked familiar to me at all and I passed on it as I no longer trusted the entries today, everything I thought would run at least ten did not. And the entries I wanted were to risky for me today, Yesterday, I took larger risks as price action inspired confidence in taking the larger risk. Not today.


I agree, it was some strange tough day.

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 PandaWarrior 
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Been trying my hand on the daily chart in my spare time. This chart shows what my thinking has been. I have been short for a while now but I acknowledge I might be wrong. I've seen this bull flag developing now for several days and of course this could mean a nasty break to the upside against my short position. Keep in mind, this is just an exercise and not actual trades. Still, I like to be right.....

My original short position was in the money for quite a while, the two subsequent adds to that position are underwater and dangerously close to a stop out.


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 PandaWarrior 
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+34 ticks today...oops. not 34, 24...i cant add....



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 Adamus 
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+34 ticks today...oops. not 34, 24...i cant add....

Hi PandaWarrior, that +20 trade you made Friday looks inspired - not your normal method, am I right?

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Hi PandaWarrior, that +20 trade you made Friday looks inspired - not your normal method, am I right?

Quite right, not normal but I figured it would blast down for at least one more bar before reversing.

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 Adamus 
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Interesting stuff about pandas - quote:

For example, did you know that if a panda gets struck by lightning, its black hair turns white and its white hair black? A spread from the book shown above reveals this affliction. These bears are known to pandologists as negative pandas.

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 PandaWarrior 
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+20 on the day.

8 passed trades...all winners = missed opportunity.

4 mistakes cost me 30 ticks.

100 ticks of poor trading.

I didnt really trust anything today due to the price action. But I was really patient and took the ones I thought would work.

Mistake one was the first trade. Didnt wait for it to touch the MA
#2 was being greedy on trade two. It went ten and I wanted more
#3 was moving my stop to BE to fast on trade 4
#4 moving my stop to soon on the last trade.

Pink boxes are trades I saw in real time and passed on for some reason

Red circles are trend reversals I saw in real time and passed on.....

Profitable day to be sure and I am grateful but I executed very poorly today.


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 VinceVirgil 
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PandaWarrior View Post
+20 on the day.

8 passed trades...all winners = missed opportunity.

4 mistakes cost me 30 ticks.

100 ticks of poor trading.

I didnt really trust anything today due to the price action. But I was really patient and took the ones I thought would work.

Mistake one was the first trade. Didnt wait for it to touch the MA
#2 was being greedy on trade two. It went ten and I wanted more
#3 was moving my stop to BE to fast on trade 4
#4 moving my stop to soon on the last trade.

Pink boxes are trades I saw in real time and passed on for some reason

Red circles are trend reversals I saw in real time and passed on.....

Profitable day to be sure and I am grateful but I executed very poorly today.


20 ticks is really very good.

But why do we look at the ones that got away? To make sure we dont miss it when it comes by the next time.

Nice work PW. I mean nice work on the self examination.

There are a few trades(or non trades) you wish you could have back.

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 bluemele 
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But why do we look at the ones that got away? To make sure we dont miss it when it comes by the next time.

Yes, I too wonder the value of this, but surely there must be some. I think due to confidence, probably not thinking about it would be the best, but to have it sink into your brain to let it go would also increase your confidence if you were right like PW was today. I wonder...

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 PandaWarrior 
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-8 today.


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-27

Just couldn't get it to day. Then I just gave up......


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