Study the tactic I posted above and if you have even a "for Dummies" ability to conduct statistical analyses, you'll soon discover the magic of the above relationships. If you already have your magic profitable system, then offer the OP some help or keep it to yourself like all the really profitable traders here.
Interesting that you offer ZERO explanation as to the questions I asked. You are unable to demonstrate any knowledge or offer any brief explanation as why there is anything 'magic' (your words not mine) about the variables. It really is a nonsense. Im not asking for a thesis or documented analysis. Just a few lines on why you think the variables you list assist in identifying and taking advantage of asymmetric situations. No rocket science needed. Not too much to ask is it? This is a discussion board after all, and Im sure you wouldnt want people to think you actually know ZERO would you? If you really want to help someone, then arent you better off explaining to someone WHY your idea works? Teach a man to fish and all that as Confucius said. I can tell just by reading the example that it would not work. Im sure others can too. When you have many years experience of hard effort, you can smell BS from 10 yards - and that method you posted reeks of it!! No need to do this for me, do it for your ego as you seem to be here solely for ego -gratification. Something tells me however you wont. I think you'll just come back with some other pithy comment like your last one of 'perhaps you should study, and tell me why it works cos Ive got ZERO idea I just throw around nonsense advise to people who know jack about jack to make me look like a genius'. Another ET faker perhaps? I will not bother you any more on this thread however as I really have better things to do than argue with fools. There is enough of that on this site as it is. #baited-breath-waiting-for-explanation.....
LOL. I'm astounded by your astute observation. You sir, are clearly one of the most objective fellows around. Your ability to draw precise conclusions from the smallest of observations is a skill that Im sure would amaze both Darwin and Petrie! Maybe this would explain your slightly unhealthy fascination with geometric phenomena, of which, the interpretation can only exist inside your own mind. I must confess, I am actually a big admirer of yours! How you manage to gather such an audience to discuss something as mundane and meaningless as a straight line staggers me! I mean page after page after page after thread of meaningless balderdash and ramblings - trying to make nothing in particular look like a sacred art. It's like the pied piper meets David Moore. I have no pity for those who follow you however as they clearly lack any skills in critical thinking. I am a little concerned though at how a chap such as yourself has nothing other to do with his life than dedicate it to posting on the internet. If it was quality and useful, then you could be held in some esteem of course. As it is pertinently of no use to man or beast however, it's really quite a shame. #internet-trading-guru. ROFL.
Seeing as NoDoji mentions trends, charts and the such, and seeing as youre such a whizz-hot guru when it comes to trends and charts and the such, perhaps you could offer some explanation to the audience as to why this is such a sure fire way to help the OP? All I ask is a simple explanation as to why the method will identify favourable price asymmetry. Something more than 'because it's with the trend' would be nice given the fixed (yet somewhat vague) exit parameters implied. I mean after so many years of various mentors and the like, Im sure OP has come across many such simplistic, meaningless 'systems' from the various 'mentors and gurus' he has employed in the past. Therefore, Im sure he already knows the suggestion is BS, and so, the 'advise' given by Nodoji is about as much use as tits on a bull. A claim has been made, and all Im asking is for some explanation as to why the advise is any good. Not too much to ask is it? I dont think this is an unreasonable request. Anyone?
It's been my experience that those who are most hostile and most derisive are the least successful in their trading. (Then of course there are those who have to keep coming up with new handles in order to press the same points over and over again. And again.) You have yourself a lovely first day of Fall tomorrow.
That's one helluva skill you have, the ability to read a brief outline for conducting the analysis of an example of a profitable day trading tactic and in your head track all the possible entry methods, R:R criteria and trade management methods without even consulting a single day's charts! Although I'm truly impressed by your professed prodigious mental calculating capacity, it seems you must've analyzed something different from the study outline I posted. With a 2 pt stop loss and 4 pt profit target I came up with 22 pts of profit last week only taking the initial trade of each intraday breakout pullback. A result similar to most weeks, in fact. I'm sure others can, too, but it's a good thing you're here to save them from the dangers of NoDoji-Man!
Is it really a problem if an experienced trader posts an idea but leaves it to the reader to validate him/herself?
Why don't you figure it out yourself you lazy asshole? Or shut your trap and keep enjoying that baseball bat you are sitting on. Don't rupture yourself, we wouldn't want you to bleed to death.