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The PandaWarrior Chronicles
Updated May 14, 2014
The PandaWarrior Chronicles
March 12th, 2012, 09:36 AM
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
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 ?
AJ
Nashville, Tennessee
"Life On The Edge of SR"
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
March 12th, 2012, 09:39 AM
Near Dallas, Texas, US
Experience: Advanced
Platform: NinjaTrader
Broker: ZenFire
Trading: CL
Posts: 1,072 since Jun 2009
Thanks Given: 503
Thanks Received: 2,239
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: [AUTOLINK]FuturesTrader71[/AUTOLINK] on Volume Profile
As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
March 12th, 2012, 09:53 AM
In the heat
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
March 12th, 2012, 01:36 PM
In the heat
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405
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
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
March 12th, 2012, 01:47 PM
denver, colorado
Experience: Intermediate
Platform: NT
Trading: ZS
Posts: 704 since Mar 2011
Thanks Given: 628
Thanks Received: 1,263
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...
Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
March 12th, 2012, 03:05 PM
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
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.
March 12th, 2012, 03:32 PM
Des Moines, Iowa
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,021
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..
dont believe anything you hear and only half of what you see
¯\_(ツ)_/¯
(╯°□°)╯︵ ┻━┻
March 12th, 2012, 03:48 PM
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
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.
March 12th, 2012, 06:50 PM
In the heat
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405
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...
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
March 12th, 2012, 08:07 PM
Greensboro NC
Experience: Advanced
Platform: TOS/ NT Dorman
Trading: ES TF CL
Posts: 1,357 since Sep 2011
Thanks Given: 2,657
Thanks Received: 894
PandaWarrior
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
Last Updated on May 14, 2014