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  1. NoDoji

    Are stops a complete joke ?

    I have no idea if institutional investors have stop loss orders in place on positions. However, I do know that institutional investors have millions or billions of dollars invested, and they have very diversified portfolios, likely hedged in a variety of ways in the event of a black swan event...
  2. NoDoji

    Are stops a complete joke ?

    Nobody knows what the market will do before it does it. Except oraclewizard77. (OW, I apologize in advance for all the PM's you are going to get - XXXOOO, NoD)
  3. NoDoji

    Are stops a complete joke ?

    KTS, I didn't attach a chart because I figured everyone brought their own :p I attached one here. I'd like to add a bit about stops getting "run". When price breaks through a previous bar high/low, or a previous S/R pivot point, or a high/low of the day, these are very common levels for...
  4. NoDoji

    Are stops a complete joke ?

    Here's an example from today's ES (I figure everyone's familiar with either ES or SPY) using a 5-min chart, but the concept can be applied to any time frame (daily chart for a short term swing trader, weekly for a longer term swing trader, etc.) This example refers to the March 2011 contract...
  5. NoDoji

    Are stops a complete joke ?

    I love making money getting "stopped in" all day. Getting stopped in means you're much less likely to get stopped out!
  6. NoDoji

    Are stops a complete joke ?

    When I analyze my losing trades most of them are the result of cheating and getting in before price actually confirms strength or weakness. That extra profit you think you're going to get is taken away more often than not. If you're looking to enter with a trend at a pullback to a trend line...
  7. NoDoji

    CL Redux

    FWIW, it appears the "hung-like-a-horse" formation was a signal to get looong. :D
  8. NoDoji

    Are stops a complete joke ?

    You entered the swing trade before price signaled an entry. BAC was falling and you tried to catch a falling knife instead of giving up a little on the entry in order to enter based on price action. You'd want to get long if price broke through 11/29's high. So your BUY stop is placed at...
  9. NoDoji

    CL Redux

    OK, I've heard of geckos and dragons, but what is this chart formation right here? The "hung-like-a-horse" formation? What next??
  10. NoDoji

    Keeping the mind sharp - "The Notebook" movie

    Here's how to keep your mind sharp: Get 1 hour of heart-pumping activity each day (if you consider trading heart-pumping activity, you're either new at it, or doing it wrong). Practice using your brain every day (games, intellectual debate, computer programming, practicing doing math in...
  11. NoDoji

    Weinstein Trading and Fading

    Rumor mill buying: "Compellent Technologies Inc. (CML, $33.53, +$4.91, +17.16%) Chief Financial Officer Jack Judd has canceled an appearance scheduled for Wednesday at a Barclays conference. The company says the change was due to a scheduling conflict, but that didn't stop speculation that a...
  12. NoDoji

    Birth of a trader

    Any long hopes went right out the window when the pit open drove price through previous support, then through the 20-EMA/uptrend line, then failed to close back above the 20-EMA. Time to short the rallies and position yourself for the breakouts downside. There were no confirmed long signals...
  13. NoDoji

    Testing a new strategy

    I'm unsubscribing from this thread now, because I've yet to see a real time call, which takes far less time than sending a PM. I hope anyone interested in any trading program demands the same very basic demonstration I've asked for here. I've yet to open an attachment on this thread, because...
  14. NoDoji

    Testing a new strategy

    9:38am CST was a while ago.
  15. NoDoji

    CL Redux

    Irish Budget? Is this important? Should we hit the pub early? As for trading, looks like it's a "just click buy" kind of day :cool:
  16. NoDoji

    Testing a new strategy

    If you have a system that tells you within a tick (or within 10 ticks for that matter) where price will turn, even twice a day much less over and over again, post a trade signal at least twice today. No stop or target post is necessary, just the buy or sell price . It took me 14 seconds...
  17. NoDoji

    Testing a new strategy

    It's this easy: Sell stop to sh CL @ 89.15, stp @ 89.22, tgt @ 89.07
  18. NoDoji

    CL Redux

    Seriously, averaging down is indeed an alluring path (wow, no losses!) of eventual destruction. Every trader wants security and perfection, to know that a setup is so good it just HAS to work out, guaranteed! I've actually had people ask me, "But how do you KNOW it's going to do this and not...
  19. NoDoji

    Birth of a trader

    6E is a sensible, technically clean instrument to trade. I think "they" put something in CL (akin to MSG in Chinese food) that makes you compelled to trade it when in fact you know in your heart 6E is much healthier for you. :D Wimp.
  20. NoDoji

    CL Redux

    Ya think? :p 10 b/e trades. Beat that, Picaso!
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