AHG - Profitable Strategy for Struggling Traders

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Quote from Jaxon:

Anek, still trading YM, I took basically the same trade as your 2nd short, but I got in a little earlier and my trailing stop gave me a small profit on that trade. I move my stops pretty quickly to preserve profit, but hopefully not too quick in case the market wants to run. Following your method really saved me some heartache this afternoon. Following the plunge to the lows I really really wanted to short it, but looking at my chart after the 15:28 low I saw mostly HH and HL (one LL), so.... according to my trading plan I don't short. Didn't take a long after a couple of HH/HLs, but at least it saved me from taking an ill advised short. :)
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Jaxon,

Sounds great, odds in our favor, no guessing. No calling bottoms or tops, spot the trend, and you ride it, no trend and you stay put.

Anek
 
In case you don't have access to volume bars.

Attached please find ES Chart using 4999 shares for today's action.

This is more like me, look at all the pullback opportunities with the trend. Exquisitely beautiful for my averaging up money management approach (again, only for veteran traders).

Anek
 

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In order to prevent the same question asked over and over again I will state my opinion on MACD here in the journal, this will make my job easier as I get the same questions asked over and over and over again.

- It is extremely slow, gets you in and out 3-4 bars too late. This goes against my trading style.

- It's useful only on strong trending environments and you will leave profits behind on entries and exits.

- It's divergences signals are as good as 50%. More like random, more like useless.

- It is nothing but the derivative of two LAGGING indicators (Moving Averages).

Do I recommend it ? NO!

I don't want to start a MACD discussion in this journal, just stating my opinion for the record.

You are better off learning CCI, in fact you are better off with price action alone, no stochastics either, that goes for me as well.

.....but if you use it profitably, by all means disregard all of the above and carry on. :)

Anek
 
Attached please find the outcome of the system TMarket described yesterday for today.

White dot plots, if subsequent bars are of the same color (HA) of the pivot direction, take the signal.

Notice that the white dot ONLY plots after 3-4 bars have been completed, sometimes more.

Just a one day test, no conclusions yet. However, compared to AHG, pitiful so far. Using 5000 volume bars I would have killed that chart.

My only doubt is if the bar with the plot has to be of the desired color or only the following ones. I assumed it had to be.

Anek
 

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Anek,

Take a look at this idea on your 4999 CV chart for entry, exit and re-entry. T28 in his SPM thread used a 3sma (+1 offset). TradeStation can probably do it. You might be able to ditch the Stoch.
 
Quote from AlpineTrout:

Anek,

Take a look at this idea on your 4999 CV chart for entry, exit and re-entry. T28 in his SPM thread used a 3sma (+1 offset). TradeStation can probably do it. You might be able to ditch the Stoch.
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Alpine,

Can you please elaborate on the details of 3MA (+1 offset) ?

Obviously, it is a very fast moving average. Do you mean watching it for entry when price is retracing ?

Anek
 
Just in case, here is the Hull Moving Average for TS, usually superior to SMA/EMA etc.

This one changes color too based on slope.

I believe the Zero Line Input would be the displacement/offset input that Alpine speaks of for this technique, one that I'm still unaware of :)

This better be good as adding indicators to my trading sounds like a kick in the balls but if its for the better, I'll take the hit, ouch! :eek:

Anek
 

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Quote from Anekdoten:

Alpine,

Can you please elaborate on the details of 3MA (+1 offset) ?

Obviously, it is a very fast moving average. Do you mean watching it for entry when price is retracing ?

Anek
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The 3sma should be offset +1 (to the right). On a retracement in an uptrend, an entry can be taken when price closes back above the 3sma. It can also be used as an exit when price closes below it. After an exit, it can be used for re-entry if price has made a HL. Simply re-enter with another close above the 3sma.
 
Quote from AlpineTrout:

The 3sma should be offset +1 (to the right). On a retracement in an uptrend, an entry can be taken when price closes back above the 3sma. It can also be used as an exit when price closes below it. After an exit, it can be used for re-entry if price has made a HL. Simply re-enter with another close above the 3sma.
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Will test, thanks for sharing.

Anek
 
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