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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #691 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received

Thanks Panda, and Happy Birthday!!

Raghee's hot, but I'm not impressed by any of her analysis / advice. Lot of second hand rehash. Thanks for posting.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #692 (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


Anagami View Post
Thanks Panda, and Happy Birthday!!

Raghee's hot, but I'm not impressed by any of her analysis / advice. Lot of second hand rehash. Thanks for posting.


I agree on the first point and I've never read a word she's written except the PDF I posted and that was months ago....its a trend following system with the built in issues that all trend following methods have...but it does make it easy to follow a trend.....if you don't already have a method...

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #693 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received


Happy belated birthday, buddy !!


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #694 (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 made a couple of mistakes today.

First one was shorting after a broken swing hi and no actual signal to go short.
Second one was not taking my profit at 25 ticks and instead trying to hold for the last resistance level. Was this a real mistake? Not sure....no matter, I had a 25 tick target based on average swing moves from my entry points, it coincided with a resistance level and i should have taken it off there.
Third. Two impatience driven trades. Both break even. I got lucky on these. Instead of exiting them asap once I realized what i had done, I moved my stops to BE and left the targets in place on the off hand chance I might get lucky and have price move my way.

The trade of the day was once I could not take due to the number coming out. I had to let it go. I wanted to find a way to get on board but had to wait almost 20 minutes to do so. I sold the bottom of the large sell of candle after a lower high had been put in....This was a hard trade for me to do, but there was very little heat.....

Last trade was a blind sell of the same level as the previous trade. I thought that level would hold at least once and it did. It was also the 23% fib area....This is the first time I have ever sold a level blind and have it work for me. I have always gotten run over in the past.

At that point, I had to cut the trade short as I was leaving. It had been within 2 ticks of my target anyway and was pulling back. It eventually did work for the full target but I was long gone.

+45 ticks today and very happy to have them.

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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #695 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Get to feeling better, pal...

a little Zinc may help clear that head up.

no more than a 100mg / day. lot's of water.

sudafed and Guaifenesin are also essential



AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #696 (permalink)
Elite Member
In the heat
 
Futures Experience: None
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PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

Best week in a long time

No losing days this week. +21 today

Total ticks for the week...201. Should have been more but I guess I should be overjoyed with this and I am...

Learned a lesson today....which I have "learned" many times...If you believe in the trade, hold it. Would have been a much better day today.

Truth was though, I didn't believe in anything today. Pretty much felt like crap and that of course clouded my judgement. Trading sick is not advisable.

Heres to a long weekend and hopefully i will be feeling much better by Monday.

Cheers

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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #697 (permalink)
Elite Member
Toronto, Canada
 
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VinceVirgil's Avatar
 
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PandaWarrior View Post
No losing days this week. +21 today

Total ticks for the week...201. Should have been more but I guess I should be overjoyed with this and I am...

Learned a lesson today....which I have "learned" many times...If you believe in the trade, hold it. Would have been a much better day today.

Truth was though, I didn't believe in anything today. Pretty much felt like crap and that of course clouded my judgement. Trading sick is not advisable.

Heres to a long weekend and hopefully i will be feeling much better by Monday.

Cheers

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Well, 201 ticks is a tremendous week, considering its only 4 days. And when you arnt 100% to boot.

Maybe you should start thinking of running your own hedge fund.

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  #698 (permalink)
Elite Member
Cucamonga, CA
 
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kalalex's Avatar
 
Posts: 197 since Mar 2011
Thanks: 223 given, 126 received

Brian,

Back in one of the posts you wanted to try market profile,,,more of volume profile as in FT71's approach but didn't like @gomi 's MP because of data management.

I think you should look at it again.

You can use now ninjatrader's minute or tick data. You don't have to constantly save and manage data and I think gomi's onto it to PERFECT it.

just FYI.

Latest version at the link below (post # 487) and it's better than those commercial 3rd party products.

https://futures.io/elite-circle/3737-gommp-market-profile-indicator-49.html#post207920

PS: I think we really should support gomi someway for his efforts.

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  #699 (permalink)
Elite Member
In the heat
 
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PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

Just a quick thought

Price risk sucks....

And so does moving ones stop to soon....

More later

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #700 (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 was chicken today. Excellent entries, nice pull back areas to short from, price honored the levels I was seeing...but I couldn't hold em today.....so I was down 30 ticks before I found my courage.....

Then I couldn't believe price might be long after screwing it up so bad on the short side.

I waited until the major resistance level and trend line was broken before I got long....There was a TON of room to make some ticks before that ever happened though but I waited it out.

I got long before the level was actually broken with a confirmed close above it, had i waited for that, I would have missed it all.

Now to price risk vs information risk. When I was shorting this morning off the levels I was seeing, all I could hear was @FT71 talking about information risk vs price risk. As I was waiting for a momentum bar to take me in, I recognized it as price risk....I've known this all along but it didn't affect me until today. Thats why I got nervous, I was shorting in the middle of the range due to my need to have confirmation. The trades were good, I just talked myself out of them using the logic I should have been in sooner therefore the trades were bad and just get out.....

The long was pretty fast and so didnt have all that much time to second guess it much. I knew where I wanted to be out, and held it that far while tightening up the stop periodically. I had 50 locked in when it hit my target.

Time to go eat Easter leftovers.

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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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