AHG - Profitable Strategy for Struggling Traders

[reduman]

Quote from Piscuy:

Sometimes, but I mostly work on the ER and the ES. I do put my examples here on the NQ since its what most people trade. My approach to the NQ? Im not sure I understand what you mean, but the only fact that I dont like about it is the price of the tick. With the other two with one tick im alredy profitable since its double what commissions cost me. I guess its more a thing of what you like or dislike.


P.

I agree with P. I much prefer the ES to the NQ for a few reasons. Better liquidity, tick size and price etc. I also feel that the NQ can move a bit more rogue then the other minis...maybe just my perceptions? That being said, a chart is a chart and a signals is a signal.

RED

 

[Bernard111]

Quote from iluv2trade:

Please read the journal, it's there.

I posted his explanation. Search through my posts for one starting with 'tape'

i

>>
1) add the above ask transactions (buys)
2) add the below bid transactions (sells)
3) compare the numbers to see which side is winning...
>>

nothing more than the usual 'price moves toward the volume' -- is that all the discussion ?!
:eek:

 

[hwkaiser]

Quote from Bernard111:
>>
1) add the above ask transactions (buys)
2) add the below bid transactions (sells)
3) compare the numbers to see which side is winning...
>>
nothing more than the usual 'price moves toward the volume' -- is that all the discussion ?!
:eek:

Anek has been attempting to go on vacation with his family at approximately the same time he mentioned tape reading... I would imagine that upon his return he will expand on the subject in greater detail... he had posted a few charts with light commentary, a pdf or two were posted and a book was referred to regarding the subject. We are all eager to learn more, but need to be patient and respect his personal time... I personally am reading the mentioned materials in preparation for his return... which hopefully isn't too soon

 

[Piscuy]

Tape reading is one of those things that take a lot of time to develop. So be patient and dont get frustrated.

P.

Quote from hwkaiser:

Anek has been attempting to go on vacation with his family at approximately the same time he mentioned tape reading... I would imagine that upon his return he will expand on the subject in greater detail... he had posted a few charts with light commentary, a pdf or two were posted and a book was referred to regarding the subject. We are all eager to learn more, but need to be patient and respect his personal time... I personally am reading the mentioned materials in preparation for his return... which hopefully isn't too soon

 

[Jaxon]

Read this tape! Looks like a bunch of MOC buy orders for NQ. They all went off at 2 seconds before 4pm and ran the contract from 2106 up to 2112 with orders "Above Ask"

 

[fishoilfan]

Quote from Piscuy:

Sometimes, but I mostly work on the ER and the ES. I do put my examples here on the NQ since its what most people trade. My approach to the NQ? Im not sure I understand what you mean, but the only fact that I dont like about it is the price of the tick. With the other two with one tick im alredy profitable since its double what commissions cost me. I guess its more a thing of what you like or dislike.


P.

Hi Piscuy,

What is yout time frame on the ES? I know your preference for the NQ and ER2.

I like to trade the ES too with the one tick profit thingie. Much better for your scalp method

Also, when you are in scalping mode, do you only trade pivots? Example...see a Picuy pivot-make a trade-close trade-wait for next pivot? Or do you trade a momentum scalp too?

I got waxed today on the ES with the chop and tried to let my winners run and got scalped! I am dedicating a few weeks to STRICT Piscuy Scalp!

Thank you!

 

[Sniemiec]

Quote from Jaxon:

Read this tape! Looks like a bunch of MOC buy orders for NQ. They all went off at 2 seconds before 4pm and ran the contract from 2106 up to 2112 with orders "Above Ask"

I saw that too. Crazy move, but we're a quite a bit lower then that now.

 

[fishoilfan]

Quote from hwkaiser:

Attached are my updated notes to date.

You will notice that this is a summary document and is not inclusive of all of Anek's teachings. It is highly recommended for all newcomers to read the Thread in its entirety to gain the maximum benefit of Anek's contributions. This document is intended to provide an overview of what has been discussed to date, and as a reference for those who have been following the thread since its inception.

I have attempted to include links to the most current indicators posted by members of this journal and make corrections to the best of my ability. You will find reference to the contributor and most recent post date for additional information.

I have also attempted to catalog all of Anek's charts (links) in chronological order, and retain the comments of each post.

I have excluded contributions from other notable contributors as it is my intention to dedicate a document for each and prevent confusion from the different trading styles.

My next project will be focused on piscuy, who is graciously sharing a slightly different but equally efficient method and has gained extreme popularity, also most notably is highly regarded by Anek.

I thank those that have contributed to this thread, I have gained a tremendous amount of knowledge from each and I am truly grateful. For those that find these notes beneficial my only request is that you "pay it forward" and contribute to what Anek has started...

Trade well and be well....

WOW!!! Beautiful. Thanks and look forward to the Piscuy Version. Great work!

 

[timokrates]

Quote from Piscuy:

Guys, there is a lot to learn from each other. It goes way beyond the tidbits of information we can give you here and there. I belive the most you can learn from is your own experiences. So why dont you all share your experiences with each other on what you have learned here. What have you found of value? What difficulties? Concepts you found easy to digest? Hard to digest? What has been a breakthrough for you in your trading? Share each others experiences and dont be shy, what may seem small for you may be a big breakthrough for someone else.


P.

Your comments show that you are experienced - not only in trading.

Personally I took a step back from trading live mainly because of my job. I was trading live a few times before, but not for a very long time. I always stopped when I felt too uncomfortabel with my method. Whatever, what is presented in this fantastic thread provides me with some hope.

Piscuy, I got one more question:

How do you scale out. First portion on a fixed amount or both discretionary based on T&S, Trendlines and Support and Resistance in general?

And do you move your stop after closing the first portion?

 

[JDConner]

Quote from Jaxon:

Read this tape! Looks like a bunch of MOC buy orders for NQ. They all went off at 2 seconds before 4pm and ran the contract from 2106 up to 2112 with orders "Above Ask"

That looks like somebody sweeping the book to unload position. Maybe at the end of RTH you could put a sell 5 points above the inside B&A and a buy 5 points below and catch them type of moves.