NexusFi: Find Your Edge


Home Menu

 





The PandaWarrior Chronicles


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one PandaWarrior with 945 posts (6,447 thanks)
    2. looks_two tigertrader with 101 posts (1,011 thanks)
    3. looks_3 tderrick with 88 posts (205 thanks)
    4. looks_4 Big Mike with 85 posts (437 thanks)
      Best Posters
    1. looks_one tigertrader with 10 thanks per post
    2. looks_two PandaWarrior with 6.8 thanks per post
    3. looks_3 Big Mike with 5.1 thanks per post
    4. looks_4 VinceVirgil with 3.1 thanks per post
    1. trending_up 399,164 views
    2. thumb_up 11,064 thanks given
    3. group 162 followers
    1. forum 2,157 posts
    2. attach_file 207 attachments




Closed Thread
 
Search this Thread

The PandaWarrior Chronicles

  #691 (permalink)
 
Anagami's Avatar
 Anagami 
Cancun, Mexico
Legendary Market Hustler
 
Experience: Advanced
Trading: MES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300

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.

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Exit Strategy
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Better Renko Gaps
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #692 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404


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
Started this thread
Thanked by:
  #693 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532


Happy belated birthday, buddy !!


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal
  #694 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404

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.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #695 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532

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"
Follow me on Twitter Visit my NexusFi Trade Journal
  #696 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404

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


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #697 (permalink)
 
VinceVirgil's Avatar
 VinceVirgil 
Toronto, Canada
 
Experience: Advanced
Platform: NT
Broker: TD Ameritrade, Dorman/Zenfire
Trading: CL,ES
Posts: 1,752 since Aug 2011
Thanks Given: 2,144
Thanks Received: 9,223


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

[IMG]http://content.screencast.com/users/aztrader9/folders/Jing/media/7e6892b5-f7cf-47fd-8970-271e789a6275/2012-04-05_0820.png[/IMG]

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.

Follow me on Twitter Visit my NexusFi Trade Journal
  #698 (permalink)
 
kalalex's Avatar
 kalalex 
Up the Ladder, CA
 
Experience: Beginner
Platform: SC
Broker: Optimus & AMP
Trading: ES
Posts: 227 since Mar 2011
Thanks Given: 261
Thanks Received: 151

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.



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

  #699 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404

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
Started this thread
  #700 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404


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.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread

Closed Thread



Last Updated on May 14, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts