AHG - Profitable Strategy for Struggling Traders

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Bingo,

Beautiful stuff, right on too. Thanks.


Quote from Bingoking:

And that's what makes all our efforts worthwhile doesn't it.
Couldn't but help think of this:

The Children's Hour
Poem lyrics of The Children's Hour by Henry Wadsworth Longfellow.
Between the dark and the daylight,
When the night is beginning to lower,
Comes a pause in the day's occupations,
That is known as the Children's Hour.

I hear in the chamber above me
The patter of little feet,
The sound of a door that is opened,
And voices soft and sweet.

From my study I see in the lamplight,
Descending the broad hall stair,
Grave Alice, and laughing Allegra,
And Edith with golden hair.

A whisper, and then a silence:
Yet I know by their merry eyes
They are plotting and planning together
To take me by surprise.

A sudden rush from the stairway,
A sudden raid from the hall!
By three doors left unguarded
They enter my castle wall!

They climb up into my turret
O'er the arms and back of my chair;
If I try to escape, they surround me;
They seem to be everywhere.

They almost devour me with kisses,
Their arms about me entwine,
Till I think of the Bishop of Bingen
In his Mouse-Tower on the Rhine!

Do you think, o blue-eyed banditti,
Because you have scaled the wall,
Such an old mustache as I am
Is not a match for you all!

I have you fast in my fortress,
And will not let you depart,
But put you down into the dungeon
In the round-tower of my heart.

And there will I keep you forever,
Yes, forever and a day,
Till the walls shall crumble to ruin,
And moulder in dust away!
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Quote from GaryN:

Im having problems with Quotetracker using volume bars with heiken ashi. The do some weird things. The last price does not match the last on the candle. I may have to look around if I decide to keep using these things. Three shorts so far this morning. Still in the last one.
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did you ever figure out why its doing that..i think i need t first study or have a primer on heiken ashi
 
Quote from GaryN:

you also have to learn (beaucoup screentime) to recognize from the tape when it is probably not going to make it.
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Assuming the entry was logical, that is what trailing stops are for, whether they are predetermined or managed manually.

I prefer the manual approach.

Anek
 
Thanks indeed Anek for this insightfull thread. Thanks also to other participants.(Special thanks also to ST)

I see that exits are paramount and maybe make the difference and I have some questions:

If one has not the luxury of trading multiple contracts, how do you decide between taking profit objectives or letting the market take you out?

Apart from obvious support/resistance, how do you decide your profits objectives? Some ratio to initial stop risk, some ratio to the previous move,....?

Thanks again
 
Quote from billdobson1972:

did you ever figure out why its doing that..i think i need t first study or have a primer on heiken ashi
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I found out that thats the way they work.:) They are not like regular candles. Still dont know why the trendlines move though. I downloaded Multicharts and am giving them a looksee.
 
Quote from Anekdoten:

Assuming the entry was logical, that is what trailing stops are for, whether they are predetermined or managed manually.

I prefer the manual approach.

Anek
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I trail stops once it gets going. I was referring to those times when it never gets going but starts stalling out shortly after entry. Sometimes this happens even with a logical entry. As you have said, the good ones usually go your way right away.
 
Quote from GaryN:

I trail stops once it gets going. I was referring to those times when it never gets going but starts stalling out shortly after entry. Sometimes this happens even with a logical entry. As you have said, the good ones usually go your way right away.
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I have found this to be true for me as well. For me it is a matter of watching BOTH the price action on the chart AND the activity that is going on in the DOM since I don't use any indicators. And actually when you are watching those two you really don't have time to be watching an indicator as well. Maybe one at the most.
 
Quote from GaryN:

I trail stops once it gets going. I was referring to those times when it never gets going but starts stalling out shortly after entry. Sometimes this happens even with a logical entry. As you have said, the good ones usually go your way right away.
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When price stalls too much start looking for options it's a sign of loss of momentum which could mean, reversal or congestion.

Anek
 
Some AH fun tonight.

Managed to ride many of the little bullish upside moves but not in an optimal way.

Attached little AH action reference for further study.

Note to self: Don't forget this price action pattern it's valuable.

Anek
 

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