AHG - Profitable Strategy for Struggling Traders

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Quote from Anekdoten:

I,

I've talked a lot about averaging up in the journal. Feel free to browse the thread, perhaps with a search, you might find some comments useful.

The bottomline line is the psychological hit of having a small winner becoming a break even or a small loser, that's the hardest barrier to break.

Five years ?

I should be taking advice from you! Start posting :)

Anek
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lol, u dont want my posts!! what i know about is totally opposite in method to what u preach :)

My one and only (useful) advice to your novice students would be to work on your discipline - toooo many traders have gone belly up due to lack of discipline. Never, ever trade bigger unless you're fully in control of your psychology and are adequately funded!! Inadequate funding (translates to an insufficient daily stop loss for me) will strain your discipline. If you've read the journal, you'd see how normal people break down in the trenches when real money is involved (eg. Razor - though kudos to his recent improvements!!)
 
Quote from brotherben:

Anek,

This journal is a keeper. Agrees with mostly what I have built my system on. Wish you and your friends here nothing but success. I will not comment on trades or charts. I have nothing better. Actually, our stuff is too similar so I will stay out. I will observe and enjoy. Thanks again for the journal. Finally one that is serious and helpful. Have a most wonderful life....george
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Sympathy from George is a keeper too :)

Anek
 
Quote from iluv2trade:

lol, u dont want my posts!! what i know about is totally opposite in method to what u preach :)

My one and only (useful) advice to your novice students would be to work on your discipline - toooo many traders have gone belly up due to lack of discipline. Never, ever trade bigger unless you're fully in control of your psychology and are adequately funded!! Inadequate funding (translates to an insufficient daily stop loss for me) will strain your discipline. If you've read the journal, you'd see how normal people break down in the trenches when real money is involved (eg. Razor - though kudos to his recent improvements!!)
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Ya you strike me as a contrarian looking for good risk vs rewards. Since contrarians rarely nail the entry from the start you feel inclined to use limited use of averaging down techniques to make up for the lack of accuracy in the entries.

Am I far off ? :)

Yes, Razor has shown good progress, little more price action polish and he could be on the way to dreamland.

I also like how Tech's logic works.

Anek
 
Quote from Anekdoten:

Every trader must have his "Holy Grail Chair" for consistent profitability.

Male version attached.

:D

Anek
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Anek, many thanks!
Now, may we have a peep at the female version?:D
 
Quote from ave331:

Anek, many thanks!
Now, may we have a peep at the female version?:D
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Ave,

Sadly I don't have an illustration for the female version.

However, I do have one for the upcoming FOMC announcement :D

Anek
 

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Quote from Anekdoten:

I,

I've talked a lot about averaging up in the journal. Feel free to browse the thread, perhaps with a search, you might find some comments useful.

The bottomline line is the psychological hit of having a small winner becoming a break even or a small loser time after time, that's the hardest barrier to break.

Five years without a losing month?

I should be taking advice from you! Start posting :)

Anek
More...

I plan on rereading the journal - followed it religiously until you took some time off - already gleaned a lot of gems. I've been calling the Nasdaq moves pretty accurately for the past couple of weeks based on HH LL, s/r, etc... helped the daytrading already.

Will be paper trading ur method on some higher priced high vol stocks i've had my eye on however, so far, i've seen that the manipulation the MM's do - running stops (eg. puking or ripping stocks within a second) will require me to use real money to investigate the slippage... luckily a lot of these cases appear to be with the trend..

I :cool:
 
Quote from Anekdoten:

Ave,

Sadly I don't have an illustration for the female version.

However, I do have one for the upcoming FOMC announcement :D

Anek
More...

That should be useful for Bernanke for a quick getaway if he doesn't offer a good enough rate cut hehe. :p
 
Quote from Anekdoten:

Ya you strike me as a contrarian looking for good risk vs rewards. Since contrarians rarely nail the entry from the start you feel inclined to use limited use of averaging down techniques to make up for the lack of accuracy in the entries.

Am I far off ? :)

Yes, Razor has shown good progress, little more price action polish and he could be on the way to dreamland.

I also like how Tech's logic works.

Anek
More...

Being only a contrarian used to bring in the gold, it's a little more complicated now, have to be a contrarian to the smaller trend yet be on the side of the larger 2-5 day trend. I also pair trade, and use some price action patterns that become obvious with screen time.

But ya, the entry is sometimes far from optimal but if the pattern is still valid I try to avgdown until the next r/s.

I'm always looking for better risk /rewards opportunities, that's why i loove your method. Avging up, what a beautiful concept :).
 
Quote from Rn86:

Thanks for the star Anek, it means a lot to me :)

Well, I think YM is not covered in this excellent educational thread. So, I will try to post pretty simple trade setups on a daily basis for critique and suggestions. The methodology based only on price action and support/resistance.

Symbol: YM #F
Constant Volume: 300
Time: EST, 24 Hour chart
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Thanks for posting your analysis Rn86 . Looking over your charts I notice in the case of a trend change you will take an entry ( i.e. long ) after just 1 HH and 1 HL has occurred . This gets you in a trend early but I believe for AHG style trades discussed here trend change requires (i.e. long) 2 HL and 2 HH . Or am I completely missing this basic concept , Anek ,anyone ?

Chart attached shows trade from friday ES explaining what I mean .
 

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Quote from babe714:

Thanks for posting your analysis Rn86 . Looking over your charts I notice in the case of a trend change you will take an entry ( i.e. long ) after just 1 HH and 1 HL has occurred . This gets you in a trend early but I believe for AHG style trades discussed here trend change requires (i.e. long) 2 HL and 2 HH . Or am I completely missing this basic concept , Anek ,anyone ?

Chart attached shows trade from friday ES explaining what I mean .
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Babe,

Different traders different methods.

The most basic concept of my choice for trend identification is:

Long

Double Bottom + 1 Swing Higher

or

2 HHs 2HLs

Short

Double Top + 1 Swing Lower

or

2 LLs 2LHs


....but in the end, it's up to the trader, as long as you are always with the immediate trend, you should be fine.

Anek
 
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