AHG - Profitable Strategy for Struggling Traders

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Now we enter chop time, it can go to the moon or down to hell I don't give a rat, probabilities are against me so I sit back realx and probably go to the gym

See u later!
 
Quote from cirekindob:

Did anyone take the small W bottom that led to the break of the larger W bottom. I got in initially, got scared by a little selling pressure got out, then got back in once I saw buying again. It's a nice trade so far, but could have been better. I'm hoping to let this one ride as much as possible, since that was a large W bottom at decent support.
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Averaged 2 in @29 Out @ 45. Used the 75% ME line for a target. Got a little worried on that retrace but like Mark posted, resistance became support. Time for a run and lunch.

EDIT: Maybe should have held longer. Looks like I left some on the table, but I can't have that attitude I guess. Still a good trade. 2 day down trend line broken. Anek might be right about the massive short squeeze.
 
Nice, but look at the even bigger picture, that trendline was from nov 6th ! Could really bring some fireworks.


Quote from cirekindob:

Averaged 2 in @29 Out @ 45. Used the 75% ME line for a target. Got a little worried on that retrace but like Mark posted, resistance became support. Time for a run and lunch.

EDIT: Maybe should have held longer. Looks like I left some on the table, but I can't have that attitude I guess. Still a good trade. 2 day down trend line broken. Anek might be right about the massive short squeeze.
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Hey Anek,

Is this a valid intra day dragon? Is the hump tracing back 0.38-0.50 important? This one retraces just short of 0.38

Anybody traded this today?

Cheers,
dt


Quote from Anekdoten:

Ok guys last post for a while.

I leave you with a potential massive Dragon formation on the NQ multi day charts.

If this monster roars it will create one of the greatest short squeezes in the history of tech so pay very good attention to that trendline.

Read about the pattern and make sure you split entries on both confirmations should it ever develop.

Should it confirm, be very greedy.

Note: At this point it is incomplete.

Cya all ;)

Anek
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I think it looks like it from comparison with anek's chart and suri's book.

Quote from mark1:

is this the famous dragon formation I see on a 3-5 min chart? I don't know the pattern

anyway we are still in a downtrend , not broken yet the down TL
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Quote from mark1:

Here the outcome of the trendline break and w formation

Confluence of signals = strong signal

I'm preparing these charts while i'm trading, it helps me to stay focused and relax at the same time, no kidding!
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Great info M. I'm glad you found this thread!

Could you elaborate more on your stops/exits? It seems you are a scalper.

On the chart you also mention strength a few times. How do you determen strength/weakness?
 
Quote from mark1:

is this the famous dragon formation I see on a 3-5 min chart? I don't know the pattern

anyway we are still in a downtrend , not broken yet the down TL
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This might illustrate to you what they mean by dragon(Link). I personally dont use it unless it is on long term charts. The problem with short term charts is that you dont have time to think if its a dragon, a turtle, a mouse or whatever. Some much simpler patterns in short term. Hope it helps.

piscuy

http://www.trading-naked.com/JerrysDragonPattern.htm
 
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