AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Yes, precisely.
Four reasons.
1) Always assume that support or resistance will hold or reject price, they are what they are by definition.
2) You were buying a falling knife, in fact your second entry was actually a short AHG entry, it did not work
but that's due to an unfortunate reversal, but rules are rules.
3) You had no Double Bottom there allowing you to go long on only ONE higher high or TL break.
4) You assumed the TL would break, never do so until it does and always a close never a wick.
Anek
Whoops. Fixed a typo but it won't let me re-attach on my old post so going to throw my chart up again.
Anek, not quite sure what is wrong with them. Perhaps a short signal at the break down of that symmetrical for a BE or small loss even though it failed? Not sure what is wrong with the second one. Bulls broke a bigger downtrend line for the day and closed above it. Perhaps you are not ok with the Risk - Reward on the trade? Or because the last bar before the break did not make a new HH? Stumped so far on this one. Anyone else? Haha.
~Cx
Anek, not quite sure what is wrong with them. Perhaps a short signal at the break down of that symmetrical for a BE or small loss even though it failed? Not sure what is wrong with the second one. Bulls broke a bigger downtrend line for the day and closed above it. Perhaps you are not ok with the Risk - Reward on the trade? Or because the last bar before the break did not make a new HH? Stumped so far on this one. Anyone else? Haha.
~Cx
Quote from Cxinvest:
Whoops. Fixed a typo but it won't let me re-attach on my old post so going to throw my chart up again.
Anek, not quite sure what is wrong with them. Perhaps a short signal at the break down of that symmetrical for a BE or small loss even though it failed? Not sure what is wrong with the second one. Bulls broke a bigger downtrend line for the day and closed above it. Perhaps you are not ok with the Risk - Reward on the trade? Or because the last bar before the break did not make a new HH? Stumped so far on this one. Anyone else? Haha.
~Cx
I hope you know that using Tradestation and using volume bars they are not formed correctly. Put a volume histogram up on the 5000v chart and you'll see what I'm talking about. Just and FYI
Well that's not good news. Anek or anyone else using TS know of this problem or how to fix it??
And I think I see what you mean now after finally taking a second to look at the chart you put up today. Maybe that fading trend line wasn't ok for the points i connected it. Perhaps had the trend continued downward from where price touched my trendline last that line would have made more sense.
~Cx
And I think I see what you mean now after finally taking a second to look at the chart you put up today. Maybe that fading trend line wasn't ok for the points i connected it. Perhaps had the trend continued downward from where price touched my trendline last that line would have made more sense.
~Cx
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