AHG - Profitable Strategy for Struggling Traders

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Pax,

Most of the time swings up or down are not as swift as the chart I posted but more like zig zag looking waves.

Now, when momentum is strong look for hints like that to know when it "might" be time to get out or stay alert.

Anek

Quote from PaxMax:

Thanks man,

I'm going to work on a second chart setup, hoping to find a decent exit signal, compare with the chart you've posted, very inspiring.

I'm spotting my entries on a 45 seconds candle chart. After retracement from a HI/LO , there is often a few bars with narrow range. As a matter of fact, this is working OK for me.

(Drawing trendlines for the DAX doesn't work for entries/exits. They get violated both directions, while trend remains intact. Of course, yesterdays AM chart is there to prove the opposite.One thing that works most of the time is HH/HL. )

But the 45 secs chart is definetely not OK for exits in the way you're showing (a bar close price above the previous bar's high).

I'll work on it, and keep you posted.

But right now, I'm going long a few beers as well!


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Quote from Cxinvest:

Hey Anek I have a few questions.

1) You say you 'reverse' DTs & DBs if they fail. At what point do you consider the failure to be intact?

2) When looking to enter on pullback of a solid trend up or down, do you look to be in on something more along the lines of a Ross Hook rather than needing 2+ bars of HH/HL ?? (For clarification, entering on a Ross Hook out of a pullback would mean taking an entry once a new 1 bar high is made following the first 1 bar failure to create a new high/low in a trend with HHs/HLs or LH/LLs. Sorry if that is confusing, might have to read a few times, otherwise I can put up a chart later visually describing my Q.)

3) When a current trend finally concludes its move and has begun heading in the other direction, what do you need to see from the new trend in its early stages before you consider any of its pullbacks a valid entry point? (Eh, that seems mildly confusing too but not sure exactly how to word it. Easier to show everything on a visual chart. So as I said with the last question if these are super confusing i'll put up a chart and visually express what I'm trying to ask here).

Thanks.

~Cx
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1) Say a DB fails if I see a lower low and a lower high forming after the failure I usually jump short on the next pop failure. On friday afternoon the market took down support and broke the double bottom that formed at the lod, this was against the trend so the buy point was after taking the middle swing high and not underneath support. As far as riding the failure a lower low and lower high aka swing low below that double b was never actually formed, because it was all a fake. Then the market returned and took the middle swing high exploding to the upside for a very nice target.

Conventionally people go long when resistance is broken and go short when support is broken. The question is what exactly does "broken" mean, well when support actually becomes resistance and when resistance becomes support. In other words a swing confirming the action after the s or the r were taken. Why is all this confirmation necessary ? Because it increases accuracy decreases fakes and allows you to trade with confidence.

2) I look for many things but the key is waiting for some evidence in those bars and/or the tape.

3) For me to call a reversal assuming the previous trend was long I need to see a double top followed by a ll and a lh or 2 lls and 2 lhs.

Major trendline failures are extra confirmation. Make sure you look at the big picture to understand how important or unimportant those areas really are.

The more important the more it will be fought by the defending side.

Anek
 
Ed,

Attached please find the buy signals study, some were correct others were not.

Remember that if you do this correctly and you base your stops on support and resistance the risks are minimal.

Hope it helps.

Anek
 

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Quote from Anekdoten:

Ed,

Attached please find the buy signals study, some were correct others were not.

Remember that if you do this correctly and you base your stops on support and resistance the risks are minimal.

Hope it helps.

Anek
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Thank you, that was helpful.

I am used to candlesticks and did not notice the wick. At least I know I am on the right track. I plan to read thru the thread again for more insight.

I am currently a S/R -Trendline swing trader and your style of scalping fits in with my mindset. I have been playing with various scalping strategies with mild success. I am hoping your insight helps me to codify a scalping style that works for me.

I appreciate your taking the time to respond to my questions.
 
Quote from edpolton:

Thank you, that was helpful.

I am used to candlesticks and did not notice the wick. At least I know I am on the right track. I plan to read thru the thread again for more insight.

I am currently a S/R -Trendline swing trader and your style of scalping fits in with my mindset. I have been playing with various scalping strategies with mild success. I am hoping your insight helps me to codify a scalping style that works for me.

I appreciate your taking the time to respond to my questions.
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Ed,

Happy to hear it helped.

The easy part is reading the journal and understand what to do. The system is logical and straight forward. I usually say, the moon the stars and the sun must not all be aligned for this to work in the long run.

The hard part is the trader's ability to apply this responsibly.

Since I started the journal one of the things that surprised me the most is the lack of comments based on choppyness.
As commonly known, sometimes the best trade is no trade.

Knowing when to stay out is possibly the hardest part of AHG aside from discipline.

Anek
 
Quote from Anekdoten:

Ed,

Knowing when to stay out is possibly the hardest part of AHG aside from discipline.

Anek
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That is what I figured. Thanks.

That is why I posted a few trades that seemed good to me, but did not seem to work out. My first goal is to identify what to avoid.
 
Quote from edpolton:

That is what I figured. Thanks.

That is why I posted a few trades that seemed good to me, but did not seem to work out. My first goal is to identify what to avoid.
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Ed,

The buys I marked were perfectly valid, there were no apparent reasons to stay out.

Anek
 
Quote from Anekdoten:

Ed,

The buys I marked were perfectly valid, there were no apparent reasons to stay out.

Anek
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Thanks. That is what I was thinking.

I am very exited to start watching the charts in realtime on Monday.

I have no stoudts here but I'll knocking back a few laugers in your honor tonight:)
 
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