AHG - Profitable Strategy for Struggling Traders

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These 5 trading rules are from Mark Douglas' book, Trading in the Zone. Also, his 7 things that a consistent winner does.
I might have changed a few words to make things clearer for myself. I created this pic to use as a background so I could see it every day. Posting it here by request. :)

shoot... have to change pic filetype
 

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I have heard some traders talk about areas or different levels that you could expect consolidation in a market. Maybe at Highs or Lows of days. I'm not sure. Does anyone have any thoughts on this. I would like to learn more about these areas so I can be on the look out.

Thanks in advance
 
Quote from Jaxon:

These 5 trading rules are from Mark Douglas' book, Trading in the Zone. Also, his 7 things that a consistent winner does.
I might have changed a few words to make things clearer for myself. I created this pic to use as a background so I could see it every day. Posting it here by request. :)

shoot... have to change pic filetype
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I have that hanging on my wall and read it everyday... guess I am not the only one.
 
Quote from jychiu:

Recently just got my Tradestation account and hence able to display Time, Tick and Volume Charts.

In term of trendline, it does make a difference in some instance.
For tick and volume chart, it takes care of the pre-market trading quite well as well.

I picked a trading day on 5 Dec 07 as a reference for comparison, with two charts side by side.

I am not good to draw many conclusions. You might want to take a look to make your own judgement.

'NQ Time Chart 8hrs 071205a.jpg' 1 min and 30 min charts, premarket excluded. 5 days multiday chart, 5 Dec 07

'NQ Time Chart 24hrs 071205a.jpg' 1 min and 30 min charts, premarket included 5 days multiday chart, 5 Dec 07. The 1 min chart uptrend line is first few swing low points.

'NQ Tick Chart 8hrs 071205a.jpg' 233 tick and 1250 tick charts, premarket excluded. about 5 days multiday chart, 5 Dec 07

'NQ Tick Chart 24hrs 071205a.jpg' 233 tick and 1250 tick charts, premarket included. about 5 days multiday chart, 5 Dec 07

'NQ Volume Chart 8hrs 071205a.jpg' 1000 share and 10000 share charts, premarket excluded. about 5 days multiday chart, 5 Dec 07

'NQ Volume Chart 24hrs 071205a.jpg' 1000 share and 10000 share charts, premarket included. about 5 days multiday chart, 5 Dec 07

After having initial comparison of the above charts, I go for volume chart.

'NQ Tick Chart 8hrs 071205a.jpg'
http://img138.imageshack.us/img138/7987/nqtickchart8hrs071205agr5.jpg

'NQ Tick Chart 24hrs 071205a.jpg'
http://img502.imageshack.us/img502/4179/nqtickchart24hrs071205adk1.jpg

'NQ Time Chart 8hrs 071205a.jpg'
http://img139.imageshack.us/img139/8954/nqtimechart8hrs071205apd3.jpg

'NQ Time Chart 24hrs 071205a.jpg'
http://img137.imageshack.us/img137/5589/nqtimechart24hrs071205azm1.jpg

'NQ Volume Chart 8hrs 071205a.jpg'
http://img135.imageshack.us/img135/4567/nqvolumechart8hrs071205qu6.jpg

'NQ volume Chart 24hrs 071205a.jpg'
http://img267.imageshack.us/img267/7125/nqvolumechart24hrs07120jr3.jpg

Chiu
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Thanks for the reply. I'll check the charts out tonight.
 
I am in the process of writing a journal with a checklist of things I'm want to consider before taking trades. This is definately not done and It's wouldn't be the same for everyone but I thought I would post it to get some feed back and hear others rules or oppinions that would be good to put in here. I'ts a work in progress and some of the informtion may be incorrect so if you can read it and offer some suggestions it may serve others good to have a set of guidelines to have handy to review before taking trades.

Be Gentle It's not perfect:)
 

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Quote from c.profitt:

I am in the process of writing a journal with a checklist of things I'm want to consider before taking trades. This is definately not done and It's wouldn't be the same for everyone but I thought I would post it to get some feed back and hear others rules or oppinions that would be good to put in here. I'ts a work in progress and some of the informtion may be incorrect so if you can read it and offer some suggestions it may serve others good to have a set of guidelines to have handy to review before taking trades.

Be Gentle It's not perfect:)
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This is GREAT stuff....thanks for summarizing your thought process for us!!!
 
Hi guys,

Sorry I've been away because of work for a while so Im not sure if someone is doing this but Is anyone using Interactive Brokers with Quote Tracker as their charting software ? Also I know some of you were working on the bar colors to make Trade Stations, just wondering if you got that to work ? If you guys have a positive feedback about IB with QT for charts please advise, I'm ready to sign up and go live.

Thanks and Happy Holidays to all AHG'ers !
 
Quote from booyah:
If you guys have a positive feedback about IB with QT for charts please advise, I'm ready to sign up and go live.
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I use IB and QT and really like the charting features, easy to open charts, scroll, draw trendlines, has a decent portfolio feature, however, it isn't great for AHG indicators... I opened an account with Tradestation for their charting and futures to utilize the AHG indicators. If you don't care about E-motion, modified HA BARs etc... go for it... I still run QT along side TS during the day...

Some people transition to Ninja who go IB...

QT is a great product at a great value, you just need to understand it's intended design and limitations... and Jerry Medved is great (customer support)
 
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