AHG - Profitable Strategy for Struggling Traders

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Quote from GaryN:

fwiw I have found it helps to watch both time and volume charts. I look for entries off those swing highs and lows and sometimes it is much clearer on one chart over the other.
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Forgive my ignorance.

You mean volume BARs?

I've never used them.
Can you give a brief overview of how they are interpreted?

When you say time, do you mean minute bars?
 
Volume or sometimes called share bars are set to print a bar everytime a pre determined volume is reached ie trading ES with 5000 volume bars a new bar will print each time 5000 contracts have been traded.

Advantage over time ( minute ) bars is that they can often give a much clearer indication of trading patterns that are developing in the market, pullabks that do not clearly print on minute bars are often much clearer with volume bars.
 
Quote from One Eyed Shark:

Volume or sometimes called share bars are set to print a bar everytime a pre determined volume is reached ie trading ES with 5000 volume bars a new bar will print each time 5000 contracts have been traded.

Advantage over time ( minute ) bars is that they can often give a much clearer indication of trading patterns that are developing in the market, pullabks that do not clearly print on minute bars are often much clearer with volume bars.
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On the other hand, constant time bars for me have the advantage that I can measure the time period between highs (or lows). Based on that information I know (more or less) when to expect a new high or a new low. It helps me evaluate the trade (or entry/exit).

So they actually both have their pro's ...
 
Thanks guys.

I can see how volume bars my show other types of 'trends'.

Right, there is no real solution. Right now I have a bit of deception on timing, so volume might help.

Thanks.
 
Looking at the 5000 and 10000 share vol charts for friday , saw some trends but no entrys for AHG style trade. Dropped down to a 2500 vol chart and there was a clear trade around noon.

What are you guys thoughts on watching multiple charts like this during the trading day ?
 

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Good idea. Could also use the 2500 constant volume as another signal chart, as it looks like entries and exits could sometimes be seen more clearly on that chart. Inaddition to that charts use on days, when the 5000 constant volume chart isnt giving clear signals
 
Everything about trading is a compromise, imo. You have to be careful about looking for a trade. If you drop down far enough in either volume or time charts you will find pullbacks in a trend but chances are you will get stopped out far to often to be profitable.
 
Quote from babe714:

Looking at the 5000 and 10000 share vol charts for friday , saw some trends but no entrys for AHG style trade. Dropped down to a 2500 vol chart and there was a clear trade around noon.

What are you guys thoughts on watching multiple charts like this during the trading day ?
More...

Thanks for posting the chart. I have a question though - At about 11:58 there is a white bar higher than the rest with a straight line above it (are those straight lines just marking a swing high/swing points?)

How would you know not to go short there? It looks like it could have been a trend change because there were lower highs and lower lows. It also looks like Stealth Trader's 123 reversal (I think). Now I probably wouldn't have gone short because the overall trend was long, but how do you recognize pullbacks vs trend change? I guess technically, a short could have worked there if your target was small enough, but hopefully you all see what I'm asking.

Thanks for the insight.

Also, could you post the 10000 and 5000 volume charts to see the difference?
 
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