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Nodoji: First of all, thank you for taking the time and efforts to write many excellent "articles" with well articulated analysis on ET, including this one on trend recognition and trend following. I am quite convinced you are brilliant at doing this price action thing. I have one...

Nod, May I add one more to your hall of fame list http://www.elitetrader.com/vb/showthread.php?s=&threadid=132626 -- authored by Nodoji, a true classic. On top of that, I would also give her the Best Writer Award! Today I was reading Trading in the Zone (you pounded on it so I got it)...

Was CL really trading at $74 "last night"? I am not able to see the after hour prices. Last time CL traded at $74 was in Sep 2009. CL closed last Friday at $79.66. Can someone verify the $74 price "last night"? I didn't see any news.

Nodoji, Many people like to trash ET, but I see a lot of value in a community like ET, particularly when it has journals like yours which is a true gem. It is very sad to see you go off. Your determination, drive, energy, intelligence, wit, humor, honesty (with mistakes) and especially...

Nodoji, Congrats on another excellent day! The statements above demonstrate your remarkable reading of what is coming, which is hard to quantify but a priceless edge over other traders who also have good setups and good risk management but poor reading of actions -- I for one traded AAPL at...

Nodoji, Congrats on great trades lately! Your hardwork and intense learning seem to be paying off nicely! Your entry point of every trade is very impressive as you seem to be able to place it very close to the stop. For example, today your first trade had only 10 cents or so for stop (you...

I am really surprised by the number of traders who took the bait...so easily. Robert, I hope in trading you will be the last one to laugh.

Nodoji, Don't blame yourself too much. I found it very difficult to day trade in the last couple of days. For example today I traded FAS on the long side -- every time just as I thought an up trend was forming it then proceeded to break down instead, shaking me out every time. The market...

So, as I undertand it, that means the "ultra" power in the ETFs is lost. If trading FAS requires 3 times of its current margin, for the same account size its effect would be basically the same as trading non-ultra ETFs using the full margin allowed 4:1 for the day. If you have a $25k account...

Geez's journal is one of the most interesting and most worthy of following. I have learned some good trading disciplines from him. I think it is unlike Geez to just stop the journal without saying anything -- we know how passionate he is about trading. I just hope Geez is doing fine and will get...

Bravo Zenith!

Nodoji, I am sure the big loss today will serve its right purpose in making you a better trader down the road. The only question I have regarding your trading style is that you daytrade and you swing trade as well -- these two styles sometimes conflict with each other. It is easier to...

G, My observation is that when the market has a big day (like yesterday) it is followed by a quieter, narrow range day (like today so far), which is harder to get things going. In this half day you already had the amount of trades you usually have in a whole day, so watch out for overtrading...

Excellent entry! You must be watching it very closely and had been very patient for such entry to come to you. My problem with FAZ is I often jump on its surge and then found myself rushing to stop my loss almost immediately. OC

NoDoji, Thank you for taking the time to recap your own trading style and anwer my (and everybody else's) questions to such great details. Now get some good night sleep and have a great trading day tomorrow! OC

Nodoji, It is very heartening to see a fairly new trader to have such an impressive quarter, and it gives other new traders like me hope. As I read through your posts, I have several questions: 1. how do you set your profit target? Sometimes I see you take big profits like in the 100s or...

Glad to see your last trade a decisive win.

G, Thank you for your very detailed reply. There is a lot of wisdom in the style you trade. In the meantime, you definitely trade what you preach, as we now know the many occasions of the mischevous pennies in your trades today! Gook luck tomorrow. You know many people are paying attention to...

Agreed! Geez's real time posting is gutsy and admirable. OC

G, Congrats on your remarkable result! Your consistency is no small achievement by any means. It is also amazing that compared to many traders who aim to hit home runs and deploy various complicated strategies and indicators, your style seems very simple, and yet you get real steady result...