You know you're getting old when you go to your daughter's house for a holiday meal and don't have to do all the preparations yourself (wife and I). It's very nice, just eat and get fat! I wanted to clarify an important distinction between NoDoji's extensive trade by trade (bar by bar) analysis and my use of the Ninja Trader software that generates MFE (maximum favorable excursion) & MAE (maximum adverse excursion) data (the Max Factor). NoDoji's post market analysis allows her to view all the price action, before and after the trade is signaled, whether or not an entry was initiated. While MAE & MFE data in comparison, only offers price data generated, from the point (price) the trade was entered, until the position is closed. Any continuation of price action (hello) either favorably or adversely is not available for analysis in the MAE & MFE data. I think of it this way, ND's method is like an airplane, it will cover a lot of territory in a hurry, and the MAE & MFE data is like the limo, it will take you to your final destination. NoDoji states in her, 11-19-10 post in tlow's journal, " It's because of the tedious bar-by-bar post market analysis I do every day that I'm gradually learning to trust the market and keep my emotions out of it." This tells me our objective is absolutely the same.
Sweet M ...I'll be in Singapore from Dec' 8 to Dec' 13 .. Dec' 13 and Dec' 14 in HK .. going to Japan on Dec' 15 to 26 back to HK again ... then off to Singapore again on Dec' 29 to celebrate the New Year 2011 at Marina Bay Sands Resort & Casino ...back to HK again on 5 Jan 2011 ..air tickets all booked .. hopefully that's no last~mins changes ... if we can meet .. it will be great ! You and PO my favorite persons in ET.
Forgot to set the alarm last night. Woke up late this morning. Then I had to be somewhere. I didn't trade today. Will be back tomorrow.
Hi Sis ~~~ & Matcha, The whole world is admiring you two!!!!!! Have fun in HK, Singapore, Japan, TW, Korea & wherever you will be! --po
Thank you for clarifying. I am still trying to figure out if there is any Max Factor like tools on TS. I also downloaded Ninja simulator, Maybe I can pull from there, not sure yet. I am glad I am on the same learning track with you and Nodoji had done. I got inspired by Nodoji's "tedious" Bar by Bar analysis a while ago. That;s why I assigned myself a "500 charting analysis (bar by bar)" project. I see some benefit from it and day by day I built a little more confidence and common sense. But I can't say that I know how to trade yet. I am very very slowwww... With the completion of the 500 charts and stats, I hope I get an idea how to trade. What setups I am finally going to take without any hestitation. Which exit stragetegy I am going to use to each setups in different market context. What is my bread and butter set up. If I still can't get it, maybe after another 1000 charts.... It will be a non stop projects for me... I will bring my lovely charts to the airplane and stare.
Looks like someone is going to have some great dan tart, or wonton noodles... and someone is flying a lot of miles... have a great one. I hope the markets don't collapse while you are not watching...
even if the markets collapse still can make $$$$$$$$$$$$ la ... i had seen 'tsunami' and 'earthquake' ... went thru a lot of 'disasters' ... now my emotion is like "still~water" LOL