I have to agree here with these qualifiers that FeetFirst point out. This is in fact the critical difference that I struggled with between wanting to use Db's advice and wanting to use NoDoji's advice.
For Db, observation, how price moves, how it behaves at a level is key, and so much of this is lost on a 1 minute chart. I tried looking to see if I could see this on a 5 sec chart, even a tick chart, and although 40D has shown some of this stuff, Db doesn't comment too much on these lower time frames. I would like to think that if the behavior is something that can be seen while watching the right tick move, then it should be something you can point to on a chart at the end of the day, and hence backtest.
On the other hand, by following NoDoji's advice, you simply don't have to watch price move in real time at all. In fact, you can look up at your chart only once a minute because it doesn't matter what price is doing during this one minute bar, all that matters is what the one minute bar looks like after price has moved onto the next one minute bar (ie. how low did it go and how high did it go, and does this high and low mean anything in relation to the previous bars). This will tell you if you are going to place an order above or below this bar or not, which will either fill or wont on the next bar or the one after that. The beauty of this of course is that there is no subjectivity, and what you are looking for you can easily find in previous charts, and most importantly, you can test for this rather precisely.
My reply isn't meant to say one method is better than the other, nor if one works better than the other. All I am intending to point out is that there is a critical difference between what Db and ND teach. So as ND comes to share her views about learning to trade, we have to keep in mind that her approach is vitally different from what Db shows, although as she has pointed out in the past, their entries sometimes happen at around the same time and price level.
