AHG - Profitable Strategy for Struggling Traders

[jeffm]

Quote from xiaodre:
I haven't got the hang of entry with the 3sma+1 shift, though.

A 3 period sma is so fast that it almost sits at the middle of every bar, even if it is shifted right by 1 bar. The shifted SMA notion came about from the 'simple profitable' thread. If I recall, the ma there was a 9 period sma shifted right by 3 bars. This is a much more useful reference, imo.

In a downtrend, price pulls back and starts to form another LH, then you can look for your entry when price crosses or closes below the 9sma+3. These crosses match up nicely with stoch crosses, and they keep your eye on prices instead of another indicator.

Kudos to Anekdoten and others for a thoughtful, generous and educational discussion!

 

[monti1a]

Quote from Anekdoten:

Monti,

I have tried the Pennant show me but as you said there is nothing like the eye.

I have been unsuccessful at obtaining an ELD for Tradestation the facilates the search for them, aside from the show me you mentioned.

I can spot them with ease but I could use assistance if I was looking at four eminis with two different timeframes.

Could you please post the settings you got for the pennant show me ? Perhaps it can be useful to me.

Thank you.

Anek

Anek..actually, I don't use that canned Tradestation showme...I simply "eyeball" the chart...the default setting can, however, be adjusted....

Symmetrical triangles appear to show up easily (FOR ME) on the 15 minute and 7 minute BAR chart....and I emphasize BAR CHART....place both charts side by side....They appear more clearly on bar charts (FOR ME) than Candlestick charts.

Also, they tend to form when the market quiets down..

On a side note....very nice thread you have here....

 

[Anekdoten]

Quote from monti1a:

Anek..actually, I don't use that canned Tradestation showme...I simply "eyeball" the chart...the default setting can, however, be adjusted....

Symmetrical triangles appear to show up easily (FOR ME) on the 15 minute and 7 minute BAR chart....and I emphasize BAR CHART....place both charts side by side....They appear more clearly on bar charts (FOR ME) than Candlestick charts.

Also, they tend to form when the market quiets down..

On a side note....very nice thread you have here....

Thank you for suggestion and kind words.

Anek

 

[Anekdoten]

Quote from Razor:

Hi,

Net down -$24 on 22 trades NQ. Did not capatilize on a nice day but was down $200 by mid-day so happy with the end result. Back at it tomorrow

Cheers

No shame in small losses!

Keep practicing.

Anek

 

[jetbird]

Anek,

I grew up on Sammy, 51/50 still rocks. I would be surprised if they actually complete the tour.


Your entries often are excellent. If you could shed some light on how you can consistenly enter at the right time I would appreciate it.

1. Do you sometimes pick a price to buy/sell based on 50% retracement percentage if it lines up well with a pivot/trendline?

2. You mentioned before that you read tape. Are you entering the market sometimes based on time and sales action on a retracement?

3. Do you ever place stop market orders above/below resistance(on a retracement) to enter the market?

4. Do you use a smaller timeframe (tick/volume) chart to identify when to enter the market?


thanks!

 

[monti1a]

Quote from Anekdoten:

No shame in small losses!

Keep practicing.

Anek

Razor...you should also probably focus on the old adage "let your profits run"....

A metric that I use is that if I am not profitable after 10 trades, then I'm doing something wrong, and 8 times out of 10, it is because I'm not letting my profits run....

I don't know if you are doing this or not...but the absolute worse thing a trader can do is sell a large part of his position at a close profit target (ex., 4, 5, 6 ticks)....trust me..it's a zero sum to losing game....the money is made on the large winners

 

[Anekdoten]

Quote from monti1a:

.but the absolute worse thing a trader can do is sell a large part of his position at a close profit target (ex., 4, 5, 6 ticks)....trust me..it's a zero sum to losing game....the money is made on the large winners

Wise words.

 

[Anekdoten]

Quote from jetbird:

Anek,

I grew up on Sammy, 51/50 still rocks. I would be surprised if they actually complete the tour.


Your entries often are excellent. If you could shed some light on how you can consistenly enter at the right time I would appreciate it.

1. Do you sometimes pick a price to buy/sell based on 50% retracement percentage if it lines up well with a pivot/trendline?

2. You mentioned before that you read tape. Are you entering the market sometimes based on time and sales action on a retracement?

3. Do you ever place stop market orders above/below resistance(on a retracement) to enter the market?

4. Do you use a smaller timeframe (tick/volume) chart to identify when to enter the market?


thanks!

VH did some good music with Sammy but some stuff I could do without. The Roth era was amazing, I welcome the reunion with all my heart.

1) Yes absolutely, anticipate that with limit orders. Sometimes I miss it sometimes I get it. If I miss it I never ever chase it.

2) I examine where the pressure is located, no doubt. Time and Sales helps.

3) Absolutely, especially on symmetric triangles and consolidation breakouts. Many times I place the short AND the long stop orders at the same time.

4) I use two charts for ES. 5000 shares or 610 tick, been comparing lately. On top of that I use a 240 min chart for bigger picture orientation.

Friend of mine has been using AHG with CCI for entries, look into that, it might help.

Hope it helps.

Anek

 

[GaryN]

Anec

Do you have the dynamic s/r code in an eld file? The charting I am using will import TS easylanguage files but Im not sure how to just put it in there with the code you posted awhile back.

 

[Anekdoten]

Here you go.

Anek