AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Trades for 07-25-07
Note1:
When a trendline is broken and the last high is a lower high it's safe to take a short on a pop up. Unfortunately, the pop up never occurred and I could not get my fill, but I was shooting for a good target there. Worked like a charm except I could not capitalize from it due to no pop up. The least you want to do when that happens is chase it.
Note2:
Change of a trend. At this point you should see why. I took a short there, lost and took a full stop.
Note3:
At the top see those higher high tops ? Well as priced tanked I took a long when price stabilized and worked well. Not sure if it was the most optimal play (high stochs and all) but took my quick profits little bit below resistance and said to myself take your break, your day is over.
As always, vertical red lines shorts, vertical green lines long, with the trend, on the pullbacks/pop ups. Third short got stopped out. Fifth short BE trade. Rest did well. Longs did well.
Not so hard, just need to polish those skills of constantly examining the LL HH LH HL.
Last but not least maximum discipline at all times
Real nice market today.
Anek
PS: Morning > Afternoon but there are exceptions like yesterday (sob!)
Note1:
When a trendline is broken and the last high is a lower high it's safe to take a short on a pop up. Unfortunately, the pop up never occurred and I could not get my fill, but I was shooting for a good target there. Worked like a charm except I could not capitalize from it due to no pop up. The least you want to do when that happens is chase it.
Note2:
Change of a trend. At this point you should see why. I took a short there, lost and took a full stop.
Note3:
At the top see those higher high tops ? Well as priced tanked I took a long when price stabilized and worked well. Not sure if it was the most optimal play (high stochs and all) but took my quick profits little bit below resistance and said to myself take your break, your day is over.
As always, vertical red lines shorts, vertical green lines long, with the trend, on the pullbacks/pop ups. Third short got stopped out. Fifth short BE trade. Rest did well. Longs did well.
Not so hard, just need to polish those skills of constantly examining the LL HH LH HL.
Last but not least maximum discipline at all times
Real nice market today.
Anek
PS: Morning > Afternoon but there are exceptions like yesterday (sob!)
Great charts. It looks like you enter your trades when the price crossed the middle of the bollinger band rather than off of the sto. Is this correct?
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