I appreciate the feedback guys.Just like many others, i have been beat on a little bit in this business.Its part of the deal, and as such, we must develop a thicker skin, just to stay positive and focussed.I have been in rooms, were people were obnoxious, so i know the difference between constructive criticism, and otherwise.And your comments have value.So basically, if you want to say something, then by all means, do so.Some may think this is just a personal journey, but i think that is not the case.We are all working toward the same goals, more or less, its just that some of us are at differnt levels.When i see Pandawarrior finally cross over into profitability, that affects me.
I am so glad to be back from the break!Everyone was sick, and my kids couldnt go outside, so they grinded us for 10 days.This week, vol should be a little low, but hopefully will start picking up.
The plan, is to continue watching the 1 min, and take those trades for sure.Also, i will continue to observe the new 4 range, and trade as well, with the permission of the 1 min.My video and pics from yesterday, appeared to be focussed on the 4 range.However, the 1 minute was the boss.We were in a solid uptrend while i was trading.Unfortunately, on the 1 min, the moving avgs just ran away.
And last but not least, i am not ditching everything i put together these last few months, to get off track on something new and exciting.Been there done that.So, i totally get what you are saying, and i will be careful!
thanks again guys!
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1/4/2012
wed
5 trades
-$185 net
im fumbling my way through, with trying to use the 2 charts together.This may take some time.Had a crazy spike after 9:40, i got sucked into 1 loser there.The 2 charts were conflicting, which made for a tough day.My thoughts are, for longs, when the 1 min mas are correct, if we dont get an entry off the 1 min, be aware of entries on the 4 range.Opposite for longs
Volume tailed off, as usual, after 10:30, and all in all, this week, vol will probably be light.
Also, when the price initially crosses the 21 ma on the 1 min with a correct close, and the mas are correct, this is when we can look to the 4 range.
Typically, the entry technique on the 1min, is very different, than the 4 range.An entry on the 1 min, taken on a pb with the trend, will be much earlier than the 4 range.And , when the 4 range entry sets up, price will be away from the trendline on the 1 min.Is this good?bad? neither? im not really sure.I know one thing tho, i cant take 4 tick goals.So, ultimately, price action always rules out.Not feeling well today, so, i will stay home from the gym for now, and replay the day.these pics are obviously not the trades i took today, but they areentries in the rules i am working on.I did them on replay, so i can look at em.
A and C are with the trend on the 1 min, but the entries were off the 4 range, with approval from the 1 min.Trades B and D are counter trend trades.Once price closes below the 21 ma on the uptrending 1 min, i look to the 4 range, for an entry to take me towards the 89.As long as there is adequate room, between the 21 and 89 on the 1 min.It makes sense, i believe.
Also, although none here, i am still looking to take entries off the 1 min, as i was in december.
Lets give this some time, and see what we see
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1/5/2012
4 trades
-$70net
there were opportubities earlier, but between being sick, and otherdistractions, i managed to take a loss.Just wasnt alert enough today, plain and simple.The trades , seem to set up between 8:30 and 10:15 nicely.After that, price action seems to change.Made a mistake on that last trade.Seeing the leaves, and ignoring the forrest.Well, i knew price action was sideways and sloppy, but we were getting higher lows.I moved my sl to below the slop, and got hit.What a waste.As bad as my timing was today, i was green before that lousy entry.
The 1 min,i have drawn circles in areas where there is a pb area, and thus, where an entry makes sense.This is really based on price action.From 9:15 to about 9:45, i was just looking for short entries.I did miss afew, and fat fingered one, but as i said, was green , until that last one.I bailed on the 3rd trade, it just pulled back too much, but, if i was alert enough, there was an entry just after that, same area.
Also, the dow was playing the spoiler today, such a pos.
pics soon
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1/6/2012
3 trades
+$65 net
the cl sold off pretty hard after the dow open.I had 1 mistake, but a few good trades as well.In my review yetserday, i was looking at entries, and realized, that , when lookin at the 1 min, i was getting in late.I went back to the 4 range, and realized, that i was passing on the initial entry, and essentialy taking the 1st pb in the move.When trading on the 4 range, the way perry does, i believe you have to look at a potential setup, and place your entry accordingly.This way, if it does hit the entry, the mas will be in line.This takes some practice, as, i am forecasting and saying"ok, the mas are very close to being in line, if i put my entry here, and it triggers, the entry will be in line upon my entry"I have been doing this for a while anyway.The great thing today, is that, typically, the entries on the 4 range were very close to the entry on the 1 min.Yhis, is what i am hoping to dial in.Basically, when price pulls back in a trend, i want both charts to be able to say something to me.
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just dialing into price action.These cicles are areas to look for entries.Seems too easy, but the 4 range provides the heads up, and the entry.The 1 min is just to identify the swings and ranges.Nothing but candles...hmmmm
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why is this to easy? If you can see it, then you can trade it. Its that simple. Why try to complicate it, just take the trade. If you can mark the chart like that in real time, then you can trade it.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
The following 4 users say Thank You to PandaWarrior for this post:
1/9/2012
monday
3 trades
-$105 net
today , just felt like i was a little off on my timing.Missed a nice retrace to the desc 21, i cant do that.Also, didnt get a fill on another good one.I had, realistically, 8 entries, thet were takable.Its funny, but i just have this feeling, that until it all comes together, i will conntinuosly break even, or draw down.Kinda like a football team on the verge of crossing over to victories, and is getting closer, but at this stage, still finds a way to lose by the end of the day.Well, we must continue on, work harder, and focus.
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I did not mean too... So much goes into typing without thinking... haha...
