AHG - Profitable Strategy for Struggling Traders

[hausse]

Quote from mark1:

You guys shorted the double top right?

Another great afternoon

net + 23 ( too many trades, I'm not going to tell you 'cause I'm ashamed )
but I found the mkt quite nervous today, except from 15:15 , 4 faboulous trends up and down and up and down again.

Heh, sounds like a fragfest, as the gamers say.

Good job.

 

[rverheyen]

I'm baffled on how you guys pulled all those winners out of NQ today.

Great going! But I'm down 38 points.

Back relearning the rules I guess, cu all tomorrow!

 

[iluv2trade]

Try changing lines to the thinnest dots and selecting darker colors - helps declutter, yet still visible especially on the price axis...

noticed the same for major intraday swings - you can see the large contracts trading right at those levels - amazing...

thanks for sharing!

Quote from Jaxon:

Here is a pic of my chart with fibs added to market emotion indicator.

Basically, I just created a copy of the Market Emotion indicator and changed the lowmidpoint to .382 and the high midpoint to .618.

I then use BOTH indicators, the original market emotion which plots high/low, 50%, and halfway between 50 and the high (.75) and halfway between 50 and the low (.25)

and my new Market emotion plus, which still includes the high low and mid (50%) but also adds the 2 fib lines. Chart attached.

It gets a little busy with all those lines, but I find the market often respects the fib levels.

 

[cirekindob]

Quote from mark1:

You guys shorted the double top right?

Another great afternoon

net + 23 ( too many trades, I'm not going to tell you 'cause I'm ashamed )
but I found the mkt quite nervous today, except from 15:15 , 4 faboulous trends up and down and up and down again.

I guarantee I should be more embarrassed than you. I had a $800 drawdown mid-day due to over trading in the chop. It wasn't until the nice down draft and reversal late in the day that I was able to work myself back to positive $100 for the day. That is my biggest problem right now is patience. But knowing what my problem is and fixing it is easier said than done. I take a little solace in knowing that I can trade horribly and still manage to end up positive.

 

[disciplinetrade]

Hi

Any Ninja users, did anyone get the TMF working on Ninja. Were you able to plot it on panel1 along with the price?

Thanks
DT

 

[mark1]

Afternoon recap (my point of view)

 

[mark1]

Quote from rverheyen:

I'm baffled on how you guys pulled all those winners out of NQ today.

Great going! But I'm down 38 points.

Back relearning the rules I guess, cu all tomorrow!

Geez, How come? Didn't you notice the mkt was itchy, lots of long wicks and long bars even on a volume chart.

Overtraded?

Tell us what's been your problem and see if we all together can help you out and learn from your mistakes.

As i said today was tough, don't feel bad, my head was exploding by noon, what about the afternoon? Did you miss the big moves because you were scared by your previous trades

Spill the bean

 

[c.profitt]

Quote from mark1:

Afternoon recap (my point of view)

Mark,

Good eye. I missed the failed h/s at the bottom. However still a good day +18.75 19 trades. Most my trades were short trades today.

 

[hausse]

Quote from rverheyen:

I'm baffled on how you guys pulled all those winners out of NQ today.

Great going! But I'm down 38 points.

Back relearning the rules I guess, cu all tomorrow!

FWIW, I do not exactly follow the rules. It is a blend of different things and experience. I record all my trades and do an evaluation every day. Over time one notices certain things, like repeating mistakes. One learns personal strong and weak points and tries to move forward. For example, I am not (yet) good at fast scalping. I have noticed that and have restricted myself to do that only in strong trends, if at all. Coming from long term trading, I tend to do better with swing day trades.

People are different and when trading discretionarily such an exercise is quite beneficial, IMHO.

 

[foxthorn]

Quote from disciplinetrade:

Hi

Any Ninja users, did anyone get the TMF working on Ninja. Were you able to plot it on panel1 along with the price?

Thanks
DT

You have to plot it in panel2 ... It doesn't appear NT handles the different scales well. Not just with TMF but other indicators as well...