If it doesn't allow volume charts, download ninjatrader, save data, and use the replay function.
If you are going to do this you might as well do it right, right?
AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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If it doesn't allow volume charts, download ninjatrader, save data, and use the replay function.
If you are going to do this you might as well do it right, right?
For those individuals that have PM'd me regarding revision updates to the AHG reference notes and Business Trading Plan, attached is an un-redacted copy of all IRC chat logs to date (24 hour) for your review. I anticipate document updates to be available in the beginning of March upon consolidation of the information contained within, my goal is to have a substantial portion completed prior to Anekâs return.
I have highlighted the following individuals screen names to assist in organizing the information contained within:
Anek, Piscuy, Topgun, Suri, Profit, Mekas, BMW, RV and myself.
Key questions and Anekâs responses have also been highlighted, along with Anekâs market commentary. (As I found useful for my intended usage)
The above referenced file can be found at the following site:
http://www.4shared.com/dir/4772355/e2259420/sharing.html
This a free site, so you will be required to wait approximately 20-seconds before a download link is visible... once the white rectangular box which starts with URL:http://ww.... appears click on the underlined link "download file"
Special thanks go to Mekas for administering and maintaining the channel, making this project possible, and of course to Anek along with the many other contributors.
Enjoy.... HWK
I have highlighted the following individuals screen names to assist in organizing the information contained within:
Anek, Piscuy, Topgun, Suri, Profit, Mekas, BMW, RV and myself.
Key questions and Anekâs responses have also been highlighted, along with Anekâs market commentary. (As I found useful for my intended usage)
The above referenced file can be found at the following site:
http://www.4shared.com/dir/4772355/e2259420/sharing.html
This a free site, so you will be required to wait approximately 20-seconds before a download link is visible... once the white rectangular box which starts with URL:http://ww.... appears click on the underlined link "download file"
Special thanks go to Mekas for administering and maintaining the channel, making this project possible, and of course to Anek along with the many other contributors.
Enjoy.... HWK
I wanted to post these two charts to show a great example from Friday. This is amazing to me to see how the Anchor can be used as a great chart to take entries off of as well as to determine where price may go. The first chart is the 10K anchor the second is the same price event on the 1k entry. Notice where the highlight sell off on the entry stops with the tl on anchor
Not sure if this long introduction is necessary or appropriate but I plan to be here for awhile and am a sociable type.
So, I have read the 98 page AHG bible....errr...my bible now, once through with a serious amount of chart downloading/checking. I have read through the business plan and am writing my adoption of it.
I cannot thank all of the contributors enough. Actually, I am sure I will never be able to thank you all enough for what you have done.
I have been investing since 1987. Used all of my portfolio to open a successful English school in Tokyo and lost it all in a divorce from my first Japanese wife. Since 2004, have rebuilt a portolio of stocks and bonds to about $134,000.
I have wanted to trade since I returned to the states in 2006. I was thinking that to be professional I would join a prop firm and had very good feelings about Bright Trading and Don Bright who posts here at ET. BUT....I joined a traders seminar in Laughlin, NV and found very little in common with those who seem to be successful trading the open, trading pairs and calculating fair value.
So, thought I would trade equities at scottrade and see if my "approach" would work. It has, essentially. My initial watch lists on Thursday 1/31 and Friday 2/1 had 19 out of 20 and 18 out of 20 equities green. I made about $520 on my $5,000 trading balance. Monday 2/4, everything went to heck in a handbasket and I lost $344 as MACD crossovers, RSI trends and my MA's led me into losing trades. With things as they are I thought that I would focus on trading trends intraday with highly liquid issues, ETFC LVLT etc. Made profits Tues/Wed and gave some back Thursday when the CEO of Cisco decided to squash any hope for telecommunication stocks including LVLT.
I have a feeling I was enjoying some beginner's luck. I also felt a little like I was gambling as I didn't really have a solid basis in trading trends although I felt like I was learning a lot with some screen time.
But, I have no interest in gambling. I want consistent gains earned by professional level involvement, commitment and research.
I will follow the trading business plan.
My questions now are:
1) Should I use Ninja, TS or QT?
2) Should I transfer my account to IB from Scottrade where I have an active trader account and use their "Elite"?
3) My new computer will be set up in the next week with two monitors, the old beast I am writing this on now will provide monitor 3. Should I have two ISP's running? This one is on a cable modem and I am thinking that maybe I should set up my new machine on an ATT DSL line????
4) As I will be paper trading for awhile and then one car contracts for six months, as per the plan, how much capital will I need to have deposited to IB/Scottrade to do this. Does IB require more than the $25,000 plus my trading $5,000 that I have now?????
5) As a newbie, beginning from the start, should I be posting my paper trades and charts in the thread??? Should I just keep my mouth shut, eyes and ears open???
6) Is there anything that I can do as a fairly fast typer, with free time, that can help in enhancing the effort to document things or prepare the updated version of the manual....truly.....I am willing..........??????
So, I have read the 98 page AHG bible....errr...my bible now, once through with a serious amount of chart downloading/checking. I have read through the business plan and am writing my adoption of it.
I cannot thank all of the contributors enough. Actually, I am sure I will never be able to thank you all enough for what you have done.
I have been investing since 1987. Used all of my portfolio to open a successful English school in Tokyo and lost it all in a divorce from my first Japanese wife. Since 2004, have rebuilt a portolio of stocks and bonds to about $134,000.
I have wanted to trade since I returned to the states in 2006. I was thinking that to be professional I would join a prop firm and had very good feelings about Bright Trading and Don Bright who posts here at ET. BUT....I joined a traders seminar in Laughlin, NV and found very little in common with those who seem to be successful trading the open, trading pairs and calculating fair value.
So, thought I would trade equities at scottrade and see if my "approach" would work. It has, essentially. My initial watch lists on Thursday 1/31 and Friday 2/1 had 19 out of 20 and 18 out of 20 equities green. I made about $520 on my $5,000 trading balance. Monday 2/4, everything went to heck in a handbasket and I lost $344 as MACD crossovers, RSI trends and my MA's led me into losing trades. With things as they are I thought that I would focus on trading trends intraday with highly liquid issues, ETFC LVLT etc. Made profits Tues/Wed and gave some back Thursday when the CEO of Cisco decided to squash any hope for telecommunication stocks including LVLT.
I have a feeling I was enjoying some beginner's luck. I also felt a little like I was gambling as I didn't really have a solid basis in trading trends although I felt like I was learning a lot with some screen time.
But, I have no interest in gambling. I want consistent gains earned by professional level involvement, commitment and research.
I will follow the trading business plan.
My questions now are:
1) Should I use Ninja, TS or QT?
2) Should I transfer my account to IB from Scottrade where I have an active trader account and use their "Elite"?
3) My new computer will be set up in the next week with two monitors, the old beast I am writing this on now will provide monitor 3. Should I have two ISP's running? This one is on a cable modem and I am thinking that maybe I should set up my new machine on an ATT DSL line????
4) As I will be paper trading for awhile and then one car contracts for six months, as per the plan, how much capital will I need to have deposited to IB/Scottrade to do this. Does IB require more than the $25,000 plus my trading $5,000 that I have now?????
5) As a newbie, beginning from the start, should I be posting my paper trades and charts in the thread??? Should I just keep my mouth shut, eyes and ears open???
6) Is there anything that I can do as a fairly fast typer, with free time, that can help in enhancing the effort to document things or prepare the updated version of the manual....truly.....I am willing..........??????
OK, quick question (and sorry if this has been asked and answered before).....
Is there a rule of thumb, when using volume-based bars? For instance, 10,000 contracts per bar is the ES standard, correct? 2000 for NQ?
As these contracts gain/lose popularity in the future, what would prompt you to raise or lower the volume size per bar? Is it proportional to average daily volume, or something similar?
Thanks!
Is there a rule of thumb, when using volume-based bars? For instance, 10,000 contracts per bar is the ES standard, correct? 2000 for NQ?
As these contracts gain/lose popularity in the future, what would prompt you to raise or lower the volume size per bar? Is it proportional to average daily volume, or something similar?
Thanks!
And of course read the whole journal- Status