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The PandaWarrior Chronicles

  #1231 (permalink)
 
bobarian's Avatar
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
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tderrick View Post


You are a great teacher....help the rest of the crew as you have helped me.

dont sell yourself short Brian.You are one of the few people ive watched cross over to profitability.Your journal is one of the best,imo.Very real.I think it offers other traders a very important perspective:When you finally develop an edge,this is still a difficult business,that requires constant work...

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  #1232 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
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1 Chess Lesson That Can Really Help Profits

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1233 (permalink)
 
1LotTrader's Avatar
 1LotTrader 
Douglas, United Kingdom
 
Experience: Advanced
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Trading: Bund
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Watched your webinar, lacking the distinct smell of bs, very refreshing, balanced and honest.

Enjoyed it very much.

Bravo mate.

1Lot

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  #1234 (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
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...haven't had a chance to catch the webinar yet, bra....

first chance... Studio is very busy, thank goodness


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #1235 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404

The original premise is almost always the right one....remember that.

Charts messy today. I normally clean it up before I post it but thought I would post it raw.....the narrative is added after I am done trading.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1236 (permalink)
 
Deucalion's Avatar
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
Posts: 428 since Aug 2009


PandaWarrior View Post
The original premise is almost always the right one....remember that.

Charts messy today. I normally clean it up before I post it but thought I would post it raw.....the narrative is added after I am done trading.


LOL! , boy you are hard on yourself, although the original premise is indeed always right. To give you another perspective, I looked at the same chart, entries are marked. I show this to simply to suggest to let the market show its hand, I was very bullish today but when that 5th wave on the overnight bull trend didn't come, one had to become a little suspect. Like you say - simplicity.


  #1237 (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
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PandaWarrior View Post
The original premise is almost always the right one....remember that.

Charts messy today. I normally clean it up before I post it but thought I would post it raw.....the narrative is added after I am done trading.



I am so learning to embrace staying in the green as long as possible. I am trying to block anything to
do with money from my mind. As you know, I have merely just begun this facet of becoming consistently
profitable.

Great recovery


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal
  #1238 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
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tderrick View Post
I am so learning to embrace staying in the green as long as possible. I am trying to block anything to
do with money from my mind. As you know, I have merely just begun this facet of becoming consistently
profitable.

Great recovery

So, along the lines of staying in the green as long as possible, it seems to make sense to stay in the trade until you would rather be in an opposite position. Or as least until you reach some other type of support or resistance you think the market will stop at. Then re-evaluate and perhaps reverse position or be done for the day.

My premise is often a break of a level with confirmation, so why exit until the opposite has happened or the S/R target has been reached?

Something to think about today......

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1239 (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 reached my goals for the day and week so I'm done.

Trade 1 didn't reach target so trailed it out.

Trade 2 made it to my support zone target area where I exited the trade

Trade 3 made it to target zone but I trailed out a bit premature.

Pretty happy with price action today and how I read it. Trade 2 was a bit of a sleeper and took forever to get going but once it did, was pretty forceful in making it to target. Execution on the second long was less than optimum but I as I was pretty close to my goals for the week, I was reluctant to let the trade come back much more in light of the serious selling at the HOD the last time it was visited.

TGIF


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1240 (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
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PandaWarrior View Post
I reached my goals for the day and week so I'm done.

Trade 1 didn't reach target so trailed it out.

Trade 2 made it to my support zone target area where I exited the trade

Trade 3 made it to target zone but I trailed out a bit premature.

Pretty happy with price action today and how I read it. Trade 2 was a bit of a sleeper and took forever to get going but once it did, was pretty forceful in making it to target. Execution on the second long was less than optimum but I as I was pretty close to my goals for the week, I was reluctant to let the trade come back much more in light of the serious selling at the HOD the last time it was visited.

TGIF


Well, you had the mojo working today.

What did you do last night? Windex the crystal ball?

What is nice about your chart is that its a long, a short and a long, right at or right near the price action breaks.

That chart is the very definition of certainty and commitment.

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Last Updated on May 14, 2014


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