AHG - Profitable Strategy for Struggling Traders

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Anybody know which index is most used for financials? They keep saying "the financials are leading market up/down". Id like to track them for awhile but not sure which index is best to watch.
 
Quote from GaryN:

Anybody know which index is most used for financials? They keep saying "the financials are leading market up/down". Id like to track them for awhile but not sure which index is best to watch.
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Try XLF.
 
Quote from Anekdoten:

Bill,

233 ticks
377 ticks
610 ticks
987 ticks
1597 ticks

5000 volume bars
10000 volume bars

....and I adjust depending on the type of day. If extremely choppy, then I just have to use 233.

In general I wait for a confirmed downtrend or uptrend unless I see higher highs and higher lows after a double bottom or lower highs and lower lows after a double bottom.

Before I enter I need some sort of confirmation, green/red bars, ross hooks, etc. Many ways to approach this.


Anek
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Hey Anek I know you feel more confident after a double top/bottom so do you only wait for one HH,HL or LH,LL bar ?

Also in other cases where you need confirmation of a trend change, how much confirmation do you need ? Like 3 bars after 3 bars doing HH, HL, / LH, LL ?

I know other people trade similarly so what type of confirmation do you guys use ?

Thanks Man.

Today was a good day to implement AHG, text book day actually.
 
Hi all,

Net Loss -$2 should have made money I guess but NQ was kind of choppy and I found good entry points tricky....

Did well on some GOOG, AAPL and SPY trades, lost a bit on QQQQ trade...

Cheers :D
 
Hi again,


Here's what wanted to tell this morning about the DAX:
Its day range today was +/- 120 points, this represents 3000 Euro or +/- 4000$.
The range of the mini YM was 180 points, representing 900$.
My point is: to make the same amount of money, you need only one fourth the size of the mini YM if you trade DAX futures, (DAX is not a mini sized contract ...). I hope that some time in the future this becomes an issue for me ...

This also puts things in the correct perspective when talking about gains on the DAX or gains on YM or ES or NQ or whatever ...

This is also the reason why the DAX can be rewarding, but also dangerous. On fast moves it also slips ... Last week I did some tests on different order types. I sent an order which issues a stop and a target automatically when executed. As I clicked the 'OK' button, I heard two beeps ... and I had no position. Stop was 5 points, target 10 points. It was the target being hit on the second beep ...

The DAX went crazy in the afternoon here. My stops got hit 3 times ... nothing but longbars ... I didn't know what was going on, but it was around Wall Street opening hour ... I'd better remember that!

Anek, if I can manage to have 5 successive days of profit in the real account, I'll send you some exotic beers from over here ...

Closed the day 760 net on paper ... (and I missed the nice downtrend because of a visit to the dentist...) High of day was 900 ...


PM.
 
Hi again,


Here's what wanted to tell this morning about the DAX:
Its day range today was +/- 120 points, this represents 3000 Euro or +/- 4000$.
The range of the mini YM was 180 points, representing 900$.
My point is: to make the same amount of money, you need only one fourth the size of the mini YM if you trade DAX futures, (DAX is not a mini sized contract ...). I hope that some time in the future this becomes an issue for me ...

This also puts things in the correct perspective when talking about gains on the DAX or gains on YM or ES or NQ or whatever ...

This is also the reason why the DAX can be rewarding, but also dangerous. On fast moves it also slips ... Last week I did some tests on different order types. I sent an order which issues a stop and a target automatically when executed. As I clicked the 'OK' button, I heard two beeps ... and I had no position. Stop was 5 points, target 10 points. It was the target being hit on the second beep ...

The DAX went crazy in the afternoon here. My stops got hit 3 times ... nothing but longbars ... I didn't know what was going on, but it was around Wall Street opening hour ... I'd better remember that!

Anek, if I can manage to have 5 successive days of profit in the real account, I'll send you some exotic beers from over here ...

Closed the day 760 net on paper ... (and I missed the nice downtrend because of a visit to the dentist...) High of day was 900 ...


PM.
 
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