AHG - Profitable Strategy for Struggling Traders

[billdobson1972]

Quote from suriNotes:

thanks suri for u r effort to find this result ..gives us a insight i dont like trading 1 min bar but trading 1000 v actually equals thats...thanks

 

[rverheyen]

Weekly NQ (continious chart)

Looks like a 3BRWTOTL failure.

Ready for some porn 69?

 

[Mvic]

Thanks for the chart Suri (and the book, best one of 2007 without a doubt), what about the H&S on the SPX monthly chart, also a trendline break. Target looks like it could be in the 1220-1250 area which would hit the monthly 200MA and the area of support from summer of 06. I know indicators are verbotten and with good reason but I use CCI and RSI on longer term charts and drawn trendlines on them as a visual aid, when they break their trendlines on the monthlies they usually signal a change in trend in the offing.

Also, look at multi year Sox chart and clear trendline break and divergence with SPX. Also, looks to be a H&S there breaking a neckline that started in mid 2004 (LS 01/04, H 01/06, RS 07/07).

 

[Mvic]

Here's the other chart:

 

[Shel M.]

Suri,

Thanks so much for your good work on time per bar for various tick and volume settings. I've been using 2100 volume bars for ES, now I know why I always feel like the gun is to my head to make a decision right away. I'll be looking at longer periods for trading ES but will stick with volume bars.

Shel

 

[dandxg]

Quote from Shel M.:

Suri,

Thanks so much for your good work on time per bar for various tick and volume settings. I've been using 2100 volume bars for ES, now I know why I always feel like the gun is to my head to make a decision right away. I'll be looking at longer periods for trading ES but will stick with volume bars.

Shel

I don't use it any longer, because I really like trading with price and volume, but a lot of traders I talk to like a 10,000 volume. You might want to try that.

 

[Shepherd]

Andrec. I see on your posted chart that you are using ATR7 as and indicator. I never thought of using it on such a short time frame chart. Would you be willing to share with us how you are using it here.

 

[andrec]

Quote from Shepherd:

Andrec. I see on your posted chart that you are using ATR7 as and indicator. I never thought of using it on such a short time frame chart. Would you be willing to share with us how you are using it here.

Shepherd,

Just using it to see the level of "noise" and to make sure that my stop is not within that noise range - ie, on ES, if ATR for the last 7 bars was 1,75 pts and my stop is smaller than that then my stop is within "noise" range and i could be stopped out for no good reason.

 

[gohstrader]

Here is a simple money maker you can use on any of the e-mini's.


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[einstein]

Quote from Mercury77:

Hi guys!

First of all I want to say this is a great thread! I I got a lot of good advice form Anek and other posters and now I want to share something with you that helps me a lot in my (sim) trading.

I know you hate indicators but because it helps me for my entries combined with all the other stuff (trendlines, DT, DB, Piscuy entry technique) maybe it can help some of the newer day traders like myself.

I use a MACD with the settings 3,10,16.

The slower line of the MACD is telling me if the trend is up (above zero) or down (below zero). The faster line lets me look for entries (pullbacks/rallies against the trend).

If the faster line crosses above zero and the slower line is below zero I am starting to look fo a short. The trigger is when the faster line turns down( up in case of pullback in an uptrend) and the entry is 1 tick below the the low of the trigger bar. The trigger bar is marked with a dot on the price chart and the entry bar is marked with an arrow on the price chart.

I marked the turning points of the faster line on the macd histogram with an up or down arrow.

Very important!! The use of the indicator is only a visual aid for me! I think if you have enough screen time than you can toss this indicator away.

If you have any questions please let me know.

I have attached fridays price action.

The time is New York + 6 hours

For shorts, noticed that downturn in faster line is also seen in a decrease in height of the histogram. My question is, why do you restrict your shorts to periods when the fast line is above zero. In other words, if the trend is down, and faster line turns down BELOW zero line- could that not also be used to enter short? (vice versa for longs.) Thanks