AHG - Profitable Strategy for Struggling Traders

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Anek,

Do you mind if I post a small log of your IRC session today here?

Getting a lot of interest from ET users that have sent me private messages.

Daniel
 
Go for it but keep the identity of the members private or better yet don't include them.

BTW, what's the point of posting the log, I barely discussed anything educational there.

Anek
 
The point is your readers are asking for it. :p

* Anek buys NQ 39
* Anek sells NQ 1/3rd 41 + 2.0
* Anek sells NQ 1/3rd +3.0

* Anek sells NQ small +4.0 @ 43.00

* Anek sells NQ small +5.0 @ 44.00 all out

(xxxx) anek why did you get long?
(Anek) Sucks I ran out of cars lol
(Anek) XXXXX - uptrend, retracement, found support, bar closed above previous bar high, sign of strenght, up we go
(Anek) The key to daytrading is 1) Spotting the birth of a new trend w/confirmation or 2) Avoiding the chop and trading with the trend on retracements
(Anek) I know of no other way to profit from it

* Anek buys NQ 43.00
* Anek sells NQ 45.00 scales out
* Anek sells NQ 45.50 scales out
* Anek sells NQ 46.25 scales out
(Anek) NQ 46 resistance level
* Anek moves NQ stop to 43.75

* Anek moves NQ stop to 44.25
* Anek sells NQ 47.50 scales out (small position left)
* Anek sells NQ 48.25 all out, closes position last +5.25
(Anek) NQ double top test

* Anek shorts NQ 49

* Anek covers NQ 48 +1.0
* Anek covers NQ 48 +1.50
* Anek covers NQ 47.50 +1.50
* Anek covers NQ 47.00 +2.0
* Anek covers NQ 48.25 all out +.75
* Anek buys NQ 49.50

* Anek sells NQ 53.50 +4.0 scaling out
* Anek sells NQ 54.40 +5.0 scaling out
* Anek moves NQ stop to 52.00

* Anek sells NQ 52.00 +3.0 stopped out all out

(Anek) every retracement = good stuff
(Anek) no exceptions

(Anek) Rectangle Formation NQ

(Anek) At the HOD
(xxxxx) dont see any ( i could be blind ) :)
(Anek) close above R, and then a close above that and we might possibly get a breakout if it happens
(Anek) want a screenshot?
(xxxxx) yes Anek pls
(Anek) sure thing, one sec
(xxxxx) ym fading slowly i expect nq to follow soon
(Anek) Here you go xxxxx: http://img220.imageshack.us/img220/169/nqhodji1.jpg
(Anek) I play it differently, im actually waiting for two HHs above the R area
(Anek) Hard for me to short such a strong trending day

(Anek) I have absolutely no problem shorting the highs, but I need to see a swing low as confirmation and possibly a strong reversal signal too
(Anek) Right now this just looks like a transition point.....


(At this point the rectangle formation he was examining made the HHs he was looking for and completed exploded to the upside in an incredible breakout)

(Anek) Trend is up baby !!!
(Anek) Buy retracements...... all you gotta do today


Sadly he then left to a private room with the friend he was helping. :(

There you go guys, quick glance at "el maestro" what he did in just under an hour.

Daniel
 
I agree Rn86. I understand its hard to post and there is no obligation from anyone. I would vote for a room and can moderate if needed the first few hours.

I wish elite threads had RSS then i wouldnt need to keep refreshing. But then they wouldnt be able to show their banners would they? :)

If anyone (discipline trader youre on my list) uses ninja trader, and would like me to share the 3 bar reversal markup of stealth as an indicator, please pm me.

thanks
SS


Quote from Rn86:

for the survey - I do have NinjaTrader using it as trading front end, not charting.

Its a good idea to have a chat room for AHG followers where traders post setup and trades in real time. Its really easy to keep the room clean and have a few people to moderate. If someone interesting to create real time interaction I would love to participate and will help in the whole process
More...
 
Quote from Rn86:

for the survey - I do have NinjaTrader using it as trading front end, not charting.

Its a good idea to have a chat room for AHG followers where traders post setup and trades in real time. Its really easy to keep the room clean and have a few people to moderate. If someone interesting to create real time interaction I would love to participate and will help in the whole process
More...


Seems like a cool idea. Small conference room/channel with varying intra-day price action ideas and setups. Would need to be small or heavily moderated though... things get too crazy and un-businesslike with a populous crowd.

~Cx
 
Quote from screenstruck:

Quick survey,
How many people using ninja charts to trade AHG?

CXinvest, I had seen Anek's post about the one time thing. My logic though is if its good enough for him to visit, it might be good enough to hangout once in a while even if he doesnt post.


cheers
SS
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I am using ninja in sim mode for order entry and charting... love the way it allows me to adjust my positions from the chart - awesome...

and excellent logging of trades and reporting capabilities too... what took me 30 - 45 minutes to anotate my chart EOD for my daily trades and produce trade report now takes me 1 minute...
 
Quote from bmwhendrix:

A. What determines if you will enter a position with multiple cars and scale out, or hold and look to add?
More...

b,

the amount of initial confirmations I get, the more the stronger the position

and always with small stops, since I can always re-enter, comission is usually only one tick......so re-entering is not
as costly as people think, definitely better than hoping.

Anek
 
i dont realy get much time during workhours to trade..if anybody is creating a room IRC for night shift trading i will be interested..specially trading AHG technique.... may be we will also have maestro Anek there sometimes...
 
A. Guess i'm in a nitpicking mood tonight, sorry. Say your small stop on a long entry ( long based on perhaps 2 closes above a restiance level) with the stop at perhaps the low of the last 2 bars. When you re-enter the long do you again wait for 2 more closes above the last highs, or just look for one more.

Also, just for giggles, on a 1000 or 1500 v. nq chart, looks like you tend toward a 1 to 2 point stop. ?

Something that I think confuses many reading this thread is the various application of stops. Some support leaving a stop say a half point past the last swing until it gets moved up to a new s/r level or gets hit. Others suggest placing the initial stop halfway between entry and the last swing. Using "small stops" with the idea of a possible re-entry sounds good until you wind up in a whipsaw. How do you avoid that. I guess that is the real concern behind my first question. By the way, thanks again for everything.
 
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