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  1. NoDoji

    Best Guru to follow for value

    It was a joke...I don't know what my Sharpe is. :p
  2. NoDoji

    Best Guru to follow for value

    Atticus, I'm flattered! :p :p :p RN changed my entire view of trading several years ago with a single reply to a question I asked him via PM. The stuff he shared was pretty much the technical stuff I've been posting since. I took it and ran with it. What a journey, and what great rewards...
  3. NoDoji

    I think I figured out why trading can never work for so many people

    That's the broker's job, damn restocking fees every which way! :D
  4. NoDoji

    I think I figured out why trading can never work for so many people

    I'm not telling anyone how to trade, just wanted to present a couple trend-following tactics that produce net profits (that means over series' of trades, not every single trade), things that happen more often than not, which was requested. I basically shared everything about those tactics...
  5. NoDoji

    I think I figured out why trading can never work for so many people

    Thanks Piezoe for your kind words. My 9th grade English teacher was awesome and one of the teachers who had a major impact on me :cool: The way I add a new idea to my trading plan pretty much follows this route: First, I notice a certain price action pattern that seems to repeat. (This...
  6. NoDoji

    I think I figured out why trading can never work for so many people

    I don't "need" to, but I've devised particular methods of trading that make good utility of the 1min chart. I'm not sharing ALL my trading secrets :D I'm done with my day's work (analyzed a new potential setup) and wish everyone a fantastic rest of their weekend and a profitable week of...
  7. NoDoji

    I think I figured out why trading can never work for so many people

    All my core setups are based on the 5min chart, but 90% of my entries are based on a cross-reference to the 1min chart. I do not fight the 5min price action framework. That doesn't mean I don't take counter-trend trades. I do, but only under very specific conditions that are based on the...
  8. NoDoji

    I think I figured out why trading can never work for so many people

    My most relaxed trading is when I trade one instrument. I'm scalping oil and it usually provides so many opportunities a day I just get into the flow of it. All my setups are high quality setups, some are just a little better than others. I always keep an eye on the ES though and sometimes...
  9. NoDoji

    I think I figured out why trading can never work for so many people

    You skipped the preface to what I said, "assuming even R:R". I watched a guy print money for an entire year with a 48% win rate and a 2:1 R:R. But if you use an even R:R (and many scalpers do), you need a higher win rate to cover slippage and commish. LMAO! Same here...I often skip...
  10. NoDoji

    I think I figured out why trading can never work for so many people

    Once you've determined stats in your favor, you do just have to shut up your brain and trade the setups with reckless abandon. The odds in your favor will take care of the profits. I mindlessly placed orders based on my setups and every now and then after my position's on I see something that...
  11. NoDoji

    I think I figured out why trading can never work for so many people

    The effort and stress settle down over time and trading becomes more and more routine. Day trading ain't for sissies :p :p
  12. NoDoji

    I think I figured out why trading can never work for so many people

    Looks like what I call a 1-2-3 setup on the 1min chart and I use this setup frequently to enter trades and to take profits at certain key levels.
  13. NoDoji

    I think I figured out why trading can never work for so many people

    For one thing, so far I've been unable to overcome mindset issues related to increasing size beyond a certain level. FWIW, I do trade one of my setups with larger size because there's great liquidity and it's my best-performing setup.
  14. NoDoji

    I think I figured out why trading can never work for so many people

    In a really strong trend, price doesn't pull back much. This is where inexperienced traders just watch price run and run without them and they have no idea how to get in. They want a deeper pullback, but if they get a deeper pullback they think it's a trend reversal and won't get in there...
  15. NoDoji

    I think I figured out why trading can never work for so many people

    The nice thing about price action trading is that the concepts that are published in books and taught in trading rooms and webinars day after day, and for years and years, have been working as long as liquid markets have been around. Human nature hasn't changed in 10,000 years.
  16. NoDoji

    I think I figured out why trading can never work for so many people

    In fact, that's how I trade this setup with oil. Oil can't be trusted. :D
  17. NoDoji

    I think I figured out why trading can never work for so many people

    IMHO, this looks like a profitable tactic in chop/range around a flat 20EMA. Interestingly, my homework this weekend is to compile stats surrounding this strategy and determine whether I want to add it to my plan. I've done it a few times. It's currently an out-of-plan trade, which I like to...
  18. NoDoji

    I think I figured out why trading can never work for so many people

    I have many contextual filters for my trading, I know how to avoid chop and I know how to trade chop as well, though I rarely do. I also trade several additional setups, both with-trend and counter-trend. I don't trade these tactics exactly the way I described because I mainly trade crude...
  19. NoDoji

    I think I figured out why trading can never work for so many people

    1. 5min time frame, rising 20EMA, place a buy stop 1 tick above the last new high, with a profit target equal to the stop loss. The size of the stop loss will be dependent on the instrument traded; do your own statistical research to determine the size stop that keeps you in most of the trades...
  20. NoDoji

    I think I figured out why trading can never work for so many people

    As a total beginner, I watched successful traders in action through ET's old chat room (and later 1R's chat room), but I had no idea what they were doing. Eventually, I learned what they were doing but it was too uncertain for me. Their trading involved losses, sometimes several losses in a row...
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