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Great point. Absolutely no risk involved. :p :D :p http://www.elitetrader.com/vb/showthread.php?s=&postid=1776559&highlight=Mark+Cook#post1776559

It's funny you mention "-- SHE WANTS TO TRADE -". :) In my post above I had originally included a "joke" about someone asking in a few years, "Whatever happened to NoDoji?" And the response was, "She wrote a few best selling books on trading, but doesn't trade any more. Plus she runs a trading...

Thanks very for the more detailed breakdown. That was my main thought too, that although 89.60 was a support level, it was a very low probability support level and basically a bad long reversal entry. I look at retraces that are fibonacci like, but actually my read is just an intuitive level...

As far as indicators go that might work. But her husband has already tried to create an ATS based on her rules. But it just does entries well and is a work in progress. (Am I saying it right ND?:)) As far as Al Brooks vs. NoDoji goes it's no contest. Al is hard to follow, while ND is a master...

Quote from InvestVision: you don't need to work hard for this book , as you already have 2 years worth of postings on your journal , all you need is compile them and edit. Actually I think IV has come up with a great idea (other than the part where he comes up with the money and makes all the...

Analyzing my own one CL trade today. I entered at 89.60 on the pullback which became more of a selloff. And it was obviously a counter-trend trade. Not sure what made me pull the trigger on that as it's generally not my style these days. At least not until it's based more. Must have had a flash...

Just saw this. Busy before. Nice trade. Well done.

BBL

Was thinking the same thing. :p Kind of like Jeopardy. It's us against Watson. :p

Guess my call so far seems to have been correct. Should have flipped it. CSW

Nice going. Enjoy your dinner.

Have a nice dinner.

I see a 90 top here. Could be wrong. Predicting a pullback in the indices. Profit taking before a long weekend with all sorts of potentially bad Middle East stuff brewing. Probably this post will generate a 91 top now that I said that. :p :D

Out 89.90

I say we see 90 close given the problems in the Middle East. Speculating.

L 89.60

IV, didn't know if you saw this. I know you're interested in this. http://en.wikipedia.org/wiki/West_Texas_Intermediate Anomaly in 2007 WTI usually commands a higher price than Brent crude does, but on May 24, 2007, WTI was priced at $63.58 per barrel as against $71.39 per barrel for...

But this is all just some opinion that can get in the way of studying price action to see what's actually going on. As the famous trader NoDoji once said, "Friends don't let friends think and trade." But they are allowed to study their charts. :)

Yeah, I was just going to add to my post that it will be a tall uphill climb to get to 90 if it does get there. To me this is more of a relief rally in a downward trend. But it did bounce quite a bit off the bottom obviously.