Don't speak for me; perhaps YOU require a live demonstration, but I don't. You use language which attempts to sounds sincere and maybe you really are because on internet forums it's sometimes hard to tell, but your posts smack of sarcasm--saying please, thank you, "ma'am", yet at the same time essentially challenging NoDoji to post live trade calls. Well, if you look back on the CL Redux thread you will see several examples of this. Also, if you want to see plenty of her losing trades and days, read her journal. I read all of it, start to finish. It took me sitting here two full days to do it, but I made it through, and learned some great things in the process, especially from bighog. She has had many losing trades as journaled there, and many successful ones. She was very candid and frank about her trading in that journal, so why don't you go read that? To my knowledge no one has asked to see your P/L statement though you've flashed it several times, as if it means something. Typically the only people who are so obsessed with someone else's profitability, or are so eager to try to show that they themselves are profitable, are people who are in fact themselves NOT profitable or who are struggling. They see someone who's profitable, and they become obsessed with proving it's not real, because they themselves have not yet found profitability and they seek validation. I don't speak for anyone here but myself, but I'd like to say to you, if you have something positive to contribute, do it, otherwise, move on.
Bighog, without any doubt, contributed huge amount of true trading knowledge gems to this forum. I would strongly recommend anyone who wants to become real trader, to read his posts. But be ready, that his posts are not about some "secret signal" or similar pathetic crap, he promises only "Blood, Toll, Tears and Sweat", but that is exactly what's great about him, he is for real. Anyone, looking for easy money, secret indicator or whatever like that, should NOT read his posts to not get disappointed.
Agree totally when it comes to NoD and "the hog"... I too went through page after page after page of their posts, copying and pasting what I found useful into a file. I could probably add Xpurt to the list they are on - he has some great contributions lately. I guess I've done a good job with building my ignore list because I haven't seen any naysayers in this thread! FWIW I have no idea if NoDoji is "for real", or really a dude, or homeless and posting from the local library, or whatever. But her posts and the advice she has given to other traders is more "real" than anything I've seen in any educational services I chose to purchase these past two years. It's true talk from the trenches if I've ever seen it and shows the reality of trading.
Is the significance of the circled area that it was a minor double top before the move down? (sorry don't have my charts as I'm out of town). If so, how did you, or how would you, trade this? Break of TL? ... Details details..
A few failures to make new highs after the thrust down give the clue it is going to dump further and this is just a retracement we are in. So resistance test itself (the circled area) was the good signal on 5M chart. It's still going down, BTW.
Thanks, good stuff. I like to hear an explanation as "simple price action" can mean different things to different people!
Exactly -- but then attaching specific and actionable meaning to those things and then planning and executing a plan based on that is the reason why one trader can see it and lose money, and another can see the same thing and make money!