AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Anek
Thanks for this thread, I came across last week and I really appreciate your work and your energy that you put in it. I thought , maybe is right that I bring something in this thread too and not just only read the post. I will try for the next days to post my trades, comments, and mistake tooâ¦..keep going
Thanks for this thread, I came across last week and I really appreciate your work and your energy that you put in it. I thought , maybe is right that I bring something in this thread too and not just only read the post. I will try for the next days to post my trades, comments, and mistake tooâ¦..keep going
Last week I had a discussion with Anek and he told me you guys would enjoy to see how I make my scalps. In the spirit of helping I will try to post some trades with as much detail as I can.
Here I detailed the three trades I have seen this morning on the NQ. The first trade and the second trades are shorts. The third one is a long. As I was making the Chart a fourth trade developed and triggered but left it without drawing to see if some of you can see it. Included in this first chart I put the key to the lines that I will be using. The yellow line is trenlines, the red dotted line is the stop for the trade if taken, it is the point where you are certain your reasoning for taking the trade did not work therefore you are WRONG, close the trade and look for the next one. The cyan solid line is the break point for entry. My entries are usually the point where the line is drawn (Support/Resistance) plus one tick.
As you can see, the risk in each trade I take I try to keep to a minimum, the potential is maximized trade by trade on its current caracteristics.
As a side note, Scalping is much more demanding than swing trading, you have to make decisions to enter and exit the trade in less than a heartbeat therefore it is not for everyone. The concepts presented here work on different time frames so if scalping is not for you adjust it for a time frame that you are comfortable with.
I sincerily hope that theese examples are of use to all those who are trying to learn, also that the chart is clear enough for understanding.
Good trading to all
Piscuy
Here I detailed the three trades I have seen this morning on the NQ. The first trade and the second trades are shorts. The third one is a long. As I was making the Chart a fourth trade developed and triggered but left it without drawing to see if some of you can see it. Included in this first chart I put the key to the lines that I will be using. The yellow line is trenlines, the red dotted line is the stop for the trade if taken, it is the point where you are certain your reasoning for taking the trade did not work therefore you are WRONG, close the trade and look for the next one. The cyan solid line is the break point for entry. My entries are usually the point where the line is drawn (Support/Resistance) plus one tick.
As you can see, the risk in each trade I take I try to keep to a minimum, the potential is maximized trade by trade on its current caracteristics.
As a side note, Scalping is much more demanding than swing trading, you have to make decisions to enter and exit the trade in less than a heartbeat therefore it is not for everyone. The concepts presented here work on different time frames so if scalping is not for you adjust it for a time frame that you are comfortable with.
I sincerily hope that theese examples are of use to all those who are trying to learn, also that the chart is clear enough for understanding.
Good trading to all
Piscuy
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