You know you're getting old when you go to your daughter's house for a holiday meal and don't have to do all the preparations yourself (wife and I). It's very nice,
just eat and get fat!I wanted to clarify an important distinction between NoDoji's extensive trade by trade (bar by bar) analysis and my use of the Ninja Trader software that generates MFE (maximum favorable excursion) & MAE (maximum adverse excursion) data (the Max Factor). NoDoji's post market analysis allows her to view all the price action, before and after the trade is signaled, whether or not an entry was initiated. While MAE & MFE data in comparison, only offers price data generated, from the point (price) the trade was entered, until the position is closed. Any continuation of price action (hello) either favorably or adversely is not available for analysis in the MAE & MFE data. I think of it this way, ND's method is like an airplane, it will cover a lot of territory in a hurry, and the MAE & MFE data is like the limo, it will take you to your final destination.
NoDoji states in her, 11-19-10 post in tlow's journal, " It's because of the tedious bar-by-bar post market analysis I do every day that I'm gradually learning to trust the market and keep my emotions out of it." This tells me our objective is absolutely the same.
