AHG - Profitable Strategy for Struggling Traders

[rcanfiel]

Quote from mikehbeck808:

Yikes, that's some serious negativity. I wasn't trying to moderate, just participate. The original post openely invited questions and observations (isn't that what makes a successful thread?), so I decided to stop lurking for a moment and contribute. I didn't realize I had to prove I was an expert before posting... if that were a requirement elitetrader would be a ghost town.

I openly disclosed that my opinions are not based on real-market experience (just observation and simulated trading), which I dare say is more honest than most of the jokers on this site, so I never claimed to be the judge of anything. I just got very excited by a generous post from someone who is disclosing a logical trading methodology which happens to be extremely similar to a method I've been refining and practicing for several months now. To me that's exciting and encouraging. I don't need someone to show me their bank statement to believe a market approach works, especially if it confirms what I've already noted about market behavior.

Until the OP begins asking for money for his insights, he doesn't have to prove anything to us. It's very easy to try out new methods without risking real $$ on a market simulator. I view threads like this and others that have been started by other generous people to be exactly what they are: a rare gift. Take it or leave it.

You weren't the subject. But it was disappointing when someone else ("Hook) brought up valid points, and the OP blows through them. Readers have the right to ask questions like those, before newbie traders who read this start risking their capital on it.

If someone (OP) present a thread based on his methods as if they are profitable and as the solid basis, not even answering someone who asks valid questions is a poor sign.

And it remains so, to this point.

A person with some 30-40 posts saying he is profitable is a suspicious thing to ET netizens. Next thing you know, AHG will become a website, where followers are encouraged to subscribe.

 

[abaker]

Quote from Anekdoten:

Attached please find one of the main reasons as to why my signals switched from shorts to longs today.

The trendline also marks the three tops I spoke about.

Hi Anek,
On your chart you pointed to a possible trend change.


What caused you to see that. Was it the two higher lows and one higher high(between 13:16 and 13:20), together with the strong upcandle that broke the 50% level of the last down swing?

 

[Anekdoten]

Quote from abaker:

Hi Anek,
On your chart you pointed to a possible trend change.


What caused you to see that. Was it the two higher lows and one higher high(between 13:16 and 13:20), together with the strong upcandle that broke the 50% level of the last down swing?

Trendline pierced with a body that closed (not a wick but body) and nothing but higher lows. Falling knives rarely make higher lows, when they do, it's most possibly a reversal.

 

[Anekdoten]

Great day today, nothing but lower highs and lower lows. No reversal yet but the YM approaching the 900 support area so congestion to be expected. The morning however, has been nothing but paradise for the system. In fact, today so far is optimal for my style. Due to OEX and 900 support area I might skip the afternoon and keep the profits. Charts to come....

 

[Bearbelly]

Its surprising that more people dont have the patience to wait for days like this and load up when they come along. A couple of good down days a month is all you need and there almost always is. The problem is that most people cannot be the frog. Whew. This is getting bloody.

 

[bigbadbaz]

Quote from Bearbelly:

Its surprising that more people dont have the patience to wait for days like this and load up when they come along. A couple of good down days a month is all you need and there almost always is. The problem is that most people cannot be the frog. Whew. This is getting bloody.

Yeah makes you wonder how T28's 3sma+1 re-entry is going today

I guess you are right, some people don't have the patience before jumping onto another system

 

[Anekdoten]

Chart for 07.20.07

Vertical green line is long.

Vertical red line is short.

There is no magic in here, just the system.

Weekend is here !

PS: Note to self stop taking those lame ass MACD crosses even if the stop is minuscule, that thing lags more than your grandma. Use strictly for trend visual reference, mountain colors or get rid of it.

 

[bigbadbaz]

Quote from Anekdoten:


PS: Note to self stop taking those lame ass MACD crosses even if the stop is minuscule, that thing lags more than your grandma. Use strictly for trend visual reference, mountain colors or get rid of it.

Well make up your mind.. you sound like our grandma

 

[Anekdoten]

Quote from bigbadbaz:

Well make up your mind.. you sound like our grandma

As a visual indicator it is helpful when things get hectic but the zero line cross distracts so need some discipline there. There is always room for improvement.

 

[bigbadbaz]

Quote from Anekdoten:

As a visual indicator it is helpful when things get hectic but the zero line cross distracts so need some discipline there. There is always room for improvement.

Ahhh the ole zero line conundrum.. it's all interpretation Holmes.. indicators are a good servant but a poor master

If an indicator is taking trades away from you then you are letting it influence you instead of working it to unveil the price action your brain unconsciously recognizes