ok, I'll type slow for you. when somebody says they don't tell you everything, you must question everything. since you don't know what they are hiding. 1. buy stock above 5 DMA after a cross above 20 on high volume, stop here and objective here.... (LEFT OUT: Only do this on a Friday, volume MUST be above 200% of weekly average, and never do this on a stock below $20) see how leaving out stuff changes things????!!!! they are clearly leaving out important stuff. in fact, the most important.
I'm not questioning shit because I'm neither a detective or a person looking for trading help. I just see someone trying to share her success stories of going from struggling trader to somewhat successful, in a place that's riddled with losers, I think that's a positive thing. It's not a No Doji course, never has been, it's words of encouragement for people trying to make it, that's all, take it for what it is or move on, life is too short.
There seems to be a lot of opportunity in the 1 and 4 hour timeframe , as you spoke of RiskAddict, and I am attempting to do some testing on S/R levels with Market Profile concepts in VBA. Im going to try to cobble together some data through IB's DDE interface but it does supposedly have a 2000 bar limit/request. Nothing behaves as I think it should so I am stopping that correlation bias. If I get anywhere on this I will buy better data to test. Nice posts Nodoji, Braincell etc..and all I can say is "seems like a blast being you woodyK"
+1 btw..anyone who analyzes a new pattern/strategy over the weekend and is now ready to trade it Monday morning based on "stats" can't be taken seriously and is probably not making money at this Statistics can only take you so far in trading and should never be totally trusted...ever...which means after you have found an edge you will always have to use sound money management until perpetuity William Eckhardt says that you need around 1,800 results to develop a confidence level high enough to trade on...something to think about..I agree with this and would add a time element as well such as over 2-5 years
Well this thread has devolved into anons stroking their e-penises rather quickly.. What was your story again, "trading since '72" but just registered to ET this month out of the blue? A "3-server e-mini system" and a "genius son on the T-bond"? If the bulls run out of excrement from the telling of this tale, the French offer leftover horse dung you can borrow while you're there. I strongly suspect this is surf/doji/hershey trolling us with another fake alter ego with which to feign fawn & praise over. In any event, this forum proves no lack of entertainment!
i should add so many people waste so much time in learning to trade . its not that hard to figure out how silly an idea may or may not be and it doesnt have to be expensive, it can be free to try. get an idea from a book or guru or whatever and just come up with your rules, trade the smallest size possible or sim for a month and see what happens.. then say ok, that was dumb. next. or maybe refine, then try again with your refined rules for a month. no big deal, its easy to see when something is just a coin flip and 50/50 trading. then you can simply chuckle and move on. but sooooooooooo many people just will not do that. they'll say, oh i missed that, didnt see that, next time ill take that into account, why didnt i take that, next time i will.. and it goes on and on and on. next thing you know 3 years go by and you sit back and say. what the heck have i done all this time? nothing.
What I like about Nodoji is that she writes clearly. I have no idea whether she can trade profitably or not, but at least she is clear! There are those who pepper their posts with trader jargon; one that leaps to mind is a guy who posts in the options forum. I guess they think jargon makes them sound knowledgeable, but it has the opposite effect on me. So thank you Nodoji for your wonderful ability to handle a plain English sentence. You must have had some good teachers along the way..