AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Jimmy,
Play it out let me know how it goes for you.
Frankly, I like to keep it simple, the more crap I add the more conflicting stuff I get.
For what is worth I don't use any filter except once in a while I like to look at the slope of A-D or it's value to see how drastic things are in terms of power or weakness.
Please try it out and report back if you can.
For now, I feel quite at home just with highs and lows plus Trendlines, it is really all you need.
Say the market is up 100 points, clearly above daily pivot, above the 15 min opening range, above yday's high, the A-D are positive, etc etc etc but the market decides it had enough. Sounds familiar ?
The filters will give you a bias, and my friend, THAT IS THE LAST THING YOU NEED.
Needless to say, don't ditch something because I said so, trading is very personal.
Thanks,
Anek
Play it out let me know how it goes for you.
Frankly, I like to keep it simple, the more crap I add the more conflicting stuff I get.
For what is worth I don't use any filter except once in a while I like to look at the slope of A-D or it's value to see how drastic things are in terms of power or weakness.
Please try it out and report back if you can.
For now, I feel quite at home just with highs and lows plus Trendlines, it is really all you need.
Say the market is up 100 points, clearly above daily pivot, above the 15 min opening range, above yday's high, the A-D are positive, etc etc etc but the market decides it had enough. Sounds familiar ?
The filters will give you a bias, and my friend, THAT IS THE LAST THING YOU NEED.
Needless to say, don't ditch something because I said so, trading is very personal.
Thanks,
Anek
Appreciate the feedback. In all honestly, I still use the Filters but in last 2 weeks since studying the journal here I have not been as stringent with them as I was once before. I will still use it just as a general guide of where the Market is at and where the money is flowing. But I am starting to re- train my brain to to realize it is to my advantage sometimes to trade against the Filters if a HH HL trend demands it.
Here's another approach: turn off everything on your chart and just watch price. Don't do any trades, don't watch CNBC, don't watch Bloomberg, don't read ET posts ,don't read this thread. Don't do anything. JUST WATCH.
Then maybe after a week of watching ask yourself: If I want to take money out of this market what do I need to do and where do I need to be?
Then maybe after a week of watching ask yourself: If I want to take money out of this market what do I need to do and where do I need to be?
Quote from GaryN:
I have found Trin, AD, Ticks to be a total waste of time for trading ES. Do some studies. These things follow ES rather than lead it. This is why they are called FUTURES!! They lead the way
Ditto.....Market Internals are lagging....and sometimes inconclusive...trin going down..but market going down too...been there done that....
Follow the price action.....the market is either making higher highs and lows....or it is not...internals can't be as straightforward as that..
I got really good at reading internals but once i started reading the TREND of the market...i realized that internals are not necessary..and are in fact a crutch...in my humble opinion of course
ES Short update.
ES currently at 1409, still short on a semi heavy averaged up position that began and 1433.25 but still enough leverage available to press it further.
Will consider adding to the position on pop ups that do not make a HH from my last add, if that happens I get stopped out on all adds and collect the gains.
Hopefully some panic kicks in soon, major levels were broken. At this point trading with markets money. Not calling a bottom, I'll let the market tell me when it had enough on this play.
Anek
ES currently at 1409, still short on a semi heavy averaged up position that began and 1433.25 but still enough leverage available to press it further.
Will consider adding to the position on pop ups that do not make a HH from my last add, if that happens I get stopped out on all adds and collect the gains.
Hopefully some panic kicks in soon, major levels were broken. At this point trading with markets money. Not calling a bottom, I'll let the market tell me when it had enough on this play.
Anek
A. I am still having a problem with the process of adding positons. Only working on this with sim right now. After the first swing is made, there is a clear place to place a stop, but I am not clear on your actions during the first few minutes of a trade.
When, do you move to a break even stop, or lower original stop, if ever.
Sorry, if you have already answered this earlier.
I have made considerable progress with your help. There is nothing on my screen but HA and trendlines as needed.
Thanks,j
Don
When, do you move to a break even stop, or lower original stop, if ever.
Sorry, if you have already answered this earlier.
I have made considerable progress with your help. There is nothing on my screen but HA and trendlines as needed.
Thanks,j
Don
Don,
I add to a position when I feel the trend is stronger than usual. For instance, today's double top followed by furious downside pressure on a bearish market was a good one.
I usually begin to add to the position when price pops but still in a trend where the stop of the second position can secure profits on the first position.
Remember that I use the same stop for all adds including the original but it is trailed. Usually this stop is a HH or a LL depending on orientation.
Anek
I add to a position when I feel the trend is stronger than usual. For instance, today's double top followed by furious downside pressure on a bearish market was a good one.
I usually begin to add to the position when price pops but still in a trend where the stop of the second position can secure profits on the first position.
Remember that I use the same stop for all adds including the original but it is trailed. Usually this stop is a HH or a LL depending on orientation.
Anek
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