AHG - Profitable Strategy for Struggling Traders

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Quote from Anekdoten:

E,

That's the one I posted as an example earlier this week.

Have not been able to find another one.

Speaking of W tops and M bottoms I will soon post the reason for my interest in them but want to see if anyone figures it out first.

Thanks.

Anek
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Just wondering about these formations Anek....

would it be that the second swing low/high goes beyond the first - triggering all the stops lying 1-2 ticks outside these areas creating very powerful reversal patterns?
 
Great chart Anek... missed one of the longs in the morning for 5 points - its speed caught me out, and closed another 5 pointer out for no reason capturing only 2... all in all was +6.5 points on NQ on 8 trades - finished just as that rectangle started forming...

Love it... :cool:
 
I find it funny that you tried to decypher the M bottom W puzzle, then commented on the NQ chart yet you did not comment on the rare ass W top formation on the NQ chart you just reviewed :)

Ahuh - another drunk !

:D

Anek
 
Thanks for the nice charts Anek. I really like the way of trading with small stops. So, your stops in NQ are like atmost 7 to 8 ticks ?

Also Screenstruck, thanks for the Ninja 3 bar reversal indicator.

DisciplineTrader
 
Quote from BigBubba:

these are considered "gartley" patterns
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Big,

Ya I know about Gartley but this is much different, the only real one Ive seen is the one on the Daily ES.

The rest are close but not exactly W tops.

Anek
 
Quote from disciplinetrade:

Thanks for the nice charts Anek. I really like the way of trading with small stops. So, your stops in NQ are like atmost 7 to 8 ticks ?

Also Screenstruck, thanks for the Ninja 3 bar reversal indicator.

DisciplineTrader
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You are welcome.

Depends on the candle, the smaller the candle the bigger the stop. Not sure if that makes sense but some room must be given.

Truth is I hate big stops, unless I'm playing a pattern, then that's a whole new set of rules because they are not scalps and by definition the car size is obviously smaller at the beginning of the play.

Anek
 
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