AHG - Profitable Strategy for Struggling Traders
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Quote from Jaxon:
Anek, I see everything you noted on your chart. The problem is I see it quite a bit after it happens..The end of the day rally, "WTF I missed this" is there any rule in AHG that would let you buy into it? At that point the lowest lower high was 1993.
Jaxon,
Screen time will give you the speed you are missing, I promise.
Not really anything AHG related on that last furious move. Just a V bottom that stunned me because it worked so fast and so well.
For V bottoms draw a downtrendline, when broken, scalp the price action and stay on the same side of momentum as long as momentum does not fade.
Attaching a small illustration, this is not AHG this is pure scaling.
Anek
Hmm. Problem is on the 5000v or even the 2500v ES, that 'V' reversal started another pivot down before it shot up. I might have shorted on the ross hook and gotten stopped out on that one
. Then again, 'V' reversals seem like a tougher play to get in on anyway...maybe easier to call off of an important level (it did bounce right back up off that old H&S neckline).~Cx
P.S. Also had earlier single bar HH's on ES in that double top slide. How would you have handled those Anek?
Quote from Cxinvest:
Hmm. Problem is on the 5000v or even the 2500v ES, that 'V' reversal started another pivot down before it shot up. I might have shorted on the ross hook and gotten stopped out on that one
~Cx
P.S. Also had earlier single bar HH's on ES in that double top slide. How would you have handled those Anek?
Cx,
Double tops are not scalp plays but intraday swing plays. The reason why I was looking for such bars as signs to cover was because the move looked like it had enough and I did not want a furious bounce to take much of my profits. Remember, you can always re-enter.
Your example is exactly why I'm studying NQ, eventhough it is not as optimal for commissions as the ES, the breakouts and breakdowns are more trendy.
Anek
Honda,
I'm not a big fan of one index leading the other or using pivots or using market internals. Simply because I feel faster with price action, has everything I need.
Support, resistance, highs and lows, time and sales, and finito.
Now, if you can help the readers of the journal with a system addendum that's fine by me just try to be descriptive and illustrative.
Thank you.
Anek
Quote from Jaxon:
Anek, I see everything you noted on your chart. The problem is I see it quite a bit after it happens..
Stop worrying about the trades you miss cause you will always miss trades. Learn to worry about the next trade and only the next trade, for that is the only important one. The next trade has not a thing to do with the ones you took or the ones you missed before it.
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