AHG - Profitable Strategy for Struggling Traders

Status
Not open for further replies.
The earlier you can get in the better. The problem with trading a breakout like the one you've posted the risk/reward isn't optimal.

What usually happens is that it breaks and then snaps back. What you really want to do is sell the bounce.

Always think about risk. If your going short you want to get short as close to the most recent pivot high, vice versa for longs.

Hope that helps.


Quote from pipa:

Hello guys,

sorry for bothering you with my beginners question but I would like to ask you to tell me how would you analyse the situation on the picture. Would you go short below the blue line? Is the upper trend line already valid? Would you wait for some other signals or for next pop up?(if any) Thank you very much,

Peter
More...
 

Attachments

Anything can happen.

I've seen it happen many times on Friday's. When it happens it's swift and hard. Shorting the top was still a good trade, I'll take what I can get.

Quote from Anekdoten:

....and break the multi day trendline on a Friday afternoon during the last minutes?

I don't think so.

Anek
More...
 
Could anybody mention the set-ups presented in Suri's webinar?
I bought the book but right now the number of patterns surpasses
my abilities so would be good to concentrate only on the the most
probable ones..abbreviations will do :) Thanks
 
Quote from [Proximo]:

The earlier you can get in the better. The problem with trading a breakout like the one you've posted the risk/reward isn't optimal.

What usually happens is that it breaks and then snaps back. What you really want to do is sell the bounce.

Always think about risk. If your going short you want to get short as close to the most recent pivot high, vice versa for longs.

Hope that helps.
More...


Thank you Proximo,

Peter
 
Suri talked about:

Trader's Vic 2B

Dragon

ABCs

Seahorse

Dragon

Fractals

Harmonic Patterns

X5 Gartley/Bat/Crab

Two pipes or Dual Pipes

Cant remember much else.

Anek
 
Suri asked that we not record his presentation.... too bad since the Tradingroom software has a "record" button right at the top of the page.

He said that these were his 10 favorite patterns, so I wrote them down. Not sure if he gave them to us in his personal rank order but he did say these were his 10 favorite patterns. I also have his book.

1. Trader Vic 2B
2. ABC auto
3. Opening range pivot
4. Fib zone pivot
5. Market Fractals
6. X5 Patten Gartley Bfly Crab Bat
7. Dragon
8. Seahorse
9. Gaps
10. Parabolics
11. Cameltoe

(just kidding about #11)
 
I was just kidding around with the magic line.

But trendlines are a powerfull thing, the line in question was a multi-day trend line. You'll notice [attached] that the trendline is a 25% parrallel extension of a previous Andrew's Pitchfork.

I use the 5M chart for structure. I use Volume/Tick/Range charts for entry.

Hope that helps.

Quote from Charly:

Any details?
More...
 

Attachments

Status
Not open for further replies.
Back
Top