PandaWarrior 

Just watched FT71's webinar.....excellent presentation. I learned a great deal about the mental side of trading. I highly recommend it to everyone.... I especially liked the fighter pilot analogy about how a fighter pilot doesn't pull up his manuals during a dogfight to figure out what kind of weapon he should use or what maneuver he needs to make. He just makes them.....its like a trader constantly pulling up different charts trying to figure out which time frame or set of indicators to trade....Just be an expert in your time frame and make decisions based on experience and probabilities. Secondly, even though you have a high over all winning percentage, the NEXT trade is 50/50. Accept it and move on. Control risk with size....and if you can only trade one lot and the risk is to big, don't trade. Its that easy. Third, think about what has happened, what is happening and what MIGHT happen. Plan for it.

Would you mind tossing a man a few links to his stuff so I won't forget to watch it ?

tderrick 

Would you mind tossing a man a few links to his stuff so I won't forget to watch it ?

Here is one:
Webinar: FuturesTrader71 on Volume Profile

Gary 

Here is one: Webinar: FuturesTrader71 on Volume Profile

Thats the one...


and this one September 1st: Trader Analysis | FuturesTrader71

Chart was speaking to me a bit better today. Still hung up on a couple of things....nevertheless, it was a good day....


My first loser was a signal that I thought I should take but it was straight into a buy zone, so I took it but bailed almost immediately.

The second loser was a buy slightly higher than where I thought I should buy but couldn't bring myself to pull the trigger in that zone. Once I did pull the trigger, I thought we could possible retest that buy zone area and I did not want to hold a trade through that....So I bailed, and then once the buy zone was not retested, I had more confidence to take the long....

Third loser was just stupid, I had a good signal, the risk was larger than I wanted but I took it anyway, to reduce risk, I brought the stop up based on a swing from the 1M chart and just as Al Brooks said, I got taken out to the tick and the trade went to my target. I did not chase it though, thats even worse than moving the stop early.

Last trade was a winner I had been waiting for all through the chop...unfortunately, it only went 25 ticks and I locked in eleven.

Ended the day with +54

At the risk of being redundant (some would consider redundancy an improvement for me) - here is the link of all ft71's webinars (most are free):

Chat Archive | FuturesTrader71

The older ones tend to have more educational content...

PandaWarrior 

Chart was speaking to me a bit better today. Still hung up on a couple of things....nevertheless, it was a good day.... My first loser was a signal that I thought I should take but it was straight into a buy zone, so I took it but bailed almost immediately. The second loser was a buy slightly higher than where I thought I should buy but couldn't bring myself to pull the trigger in that zone. Once I did pull the trigger, I thought we could possible retest that buy zone area and I did not want to hold a trade through that....So I bailed, and then once the buy zone was not retested, I had more confidence to take the long.... Third loser was just stupid, I had a good signal, the risk was larger than I wanted but I took it anyway, to reduce risk, I brought the stop up based on a swing from the 1M chart and just as Al Brooks said, I got taken out to the tick and the trade went to my target. I did not chase it though, thats even worse than moving the stop early. Last trade was a winner I had been waiting for all through the chop...unfortunately, it only went 25 ticks and I locked in eleven. Ended the day with +54 [IMG]http://content.screencast.com/users/aztrader9/folders/Jing/media/d3f6970d-67cc-4f48-b434-b31bf56443e7/2012-03-12_1025.png[/IMG]

Nice work on the trades.

PandaWarrior 

Chart was speaking to me a bit better today. Still hung up on a couple of things....nevertheless, it was a good day.... My first loser was a signal that I thought I should take but it was straight into a buy zone, so I took it but bailed almost immediately. The second loser was a buy slightly higher than where I thought I should buy but couldn't bring myself to pull the trigger in that zone. Once I did pull the trigger, I thought we could possible retest that buy zone area and I did not want to hold a trade through that....So I bailed, and then once the buy zone was not retested, I had more confidence to take the long.... Third loser was just stupid, I had a good signal, the risk was larger than I wanted but I took it anyway, to reduce risk, I brought the stop up based on a swing from the 1M chart and just as Al Brooks said, I got taken out to the tick and the trade went to my target. I did not chase it though, thats even worse than moving the stop early. Last trade was a winner I had been waiting for all through the chop...unfortunately, it only went 25 ticks and I locked in eleven. Ended the day with +54

nice work today buddy.. i know they are your charts and you can do whatever you want with them, but that purple text on the chart is really hard to read but that might just be me..

madLyfe 

nice work today buddy.. i know they are your charts and you can do whatever you want with them, but that purple text on the chart is really hard to read but that might just be me..

I have to say...he's right...it is hard to see. You must have a 46 inch HD monitor.

VinceVirgil 

I have to say...he's right...it is hard to see. You must have a 46 inch HD monitor.

Its a 30 inch...

PandaWarrior 

Its a 30 inch...

Hello Panda....its the color thats hard to read on our end, maybe another color would be better for us

Nice trading just ran across ur thread and wanted to say hello