AHG - Profitable Strategy for Struggling Traders

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Quote from gohstrader:

I had a few more PM's for further explanation of paintbars I use in the chart. Anek, I apologize if I'm taking this off track on you so I'll make this one quick to finish what I seemed to have started.
BTW--if you guys are thinking of using the paintbars for the YM I strongly suggest you use nothing lower than 2.0 setting on the range bar candlestick charts. ).5 or 1 is great for the ER, ES, and ZG.

Ok the following chart shows two colored "paintbars" at the bottom of the top pane and are really native indicators to QT. (also Sierra and I believe e-signal).

One is called Woodie's ChopZone indicator (after Ken Wood from Woodie's CCI club). And the other is called Woodie's Sidewinder.

Both are trend indicators and when you have them syncing in color i.e. powder blue under green or Brown under Green that's when you have a nice momentum trend going on.

As I explained before I scalp 1 - 3 points all day long on the ES, ER, NQ, and ZG but when I see the CZI and Sidewinder line up I'm in for the long haul. I simply draw a trendline and wait for it to be breached. (Picture Attached)

One more thing, I think someone wanted to know how I manage money thruout the day. I have two methods but I will only explain one in that the other is built into my API.

I use Bracket Trader which cost me a flat "one time for life 100 bucks" which allows me to automatically scale in and out of positions at pretermined points. ZeroLine trader is another one.
Its just personal preference but both are add-ons for IB TWS.

Strategy is simple. I will use 3 car ER2 example that I actually use for scalping. When I see my buy or sell (short) point I'm in all 3 cars. First profit target is 4 ticks, second is 8 ticks and the last one is a "runner" with a 2 point cap unless I see the brown/powder blue bars with trend as shown in the chart pic like I did last Thursday. Then I cancel my "runner" cap and go for it.

With Bracket Trader you can click a button and increase or decrease risk in nanoseconds or you can also flatten or hit the Break-even button. I was asking if IB had such a tool but they said its in the works but for 100 dollars I can go get a cup of coffee without worrying about what happens if my computer goes down or if the market reverses etc.

I do not have any affiliation with either mentioned company FWIW.

Here is a chart of the ES showing CZI and Sidewinder


<a href=http://www.freeimagehosting.net/><img src=http://img3.freeimagehosting.net/uploads/84cdd3cf35.png border=0 alt="Free Image Hosting"></a>


Good Luck and Good Trading to all of you!!!
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Gohstrader
hopefully you will see this post - or someone will forward to you -

would love to know how your system performed during the last couple of wild days.
:cool:
A chart would be appreciated as well -
in case.........
Thanks
Charly
 
Lots of talk about these strategies, but would appreciate some guidelines as to suggested entry, or at least point out which chat log where I can find this. Thanks.:p
 
hey wait a minute did you get to figure them out today on the chat? charm is third time is a charm, iow the third hit to the trendline is a great take off point. There are charts that have been posted that explain both charm and p69, might even be a faq for the bot. Will try to find the exact pics and let you know einstein.
 
AHG IRC Chat logs from Dec9 '07 to Jan22 '08

These logs have been cleaned up and Anek has been highlighted, forgot to highlight Piscuy - strongly suggest you highlight his name in doc as well :)


http://rapidshare.com/files/86109338/channel_Dec907-Jan2208.zip

These are brought to you thanks to Mekas and Mekas-bot :) and inspired by Boy Brutus's efforts!

note: no need to pay anything, if you choose Free option for download, you just have to wait 5 secs to download file.

Cheers,
i
 
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