AHG - Profitable Strategy for Struggling Traders

Status
Not open for further replies.
Quote from Cxinvest:

Ok here is my entry which I was making on what I saw as the first rollover after the close under that double-top valley. I got out earlier than I normally would have anyway based on price action (IRL distractions), but that wasn't my concern. The issue is defining when to be out and not jumping out early. Here is the chart.

~Cx
More...

Cx,

Thanks for posting your chart. I wanted to ask you, what made you enter at that particular point and not a little earlier? Were you just confident by that time that we were in the middle of a downtrend? I'm just wondering if you saw something that I am not seeing, and that is why I ask. Either, way it was obviously a good trade. :)
 
Sure is a lot easier to look back on a previous chart to find entries than it is to do it in real time.

I made two trades today, using AHG, based on what I thought at the time were good entries. I lost 3 points on one and made 3 points on the other, so came out even.

Looking back it is easy to see my mistakes. I was sitting on the fence for the whole downtrend, making all the right calls, then decided to jump in at the exact wrong time.
 
Quote from Anekdoten:

Cx's chart.
More...

Anek,

Is there a reason you didn't enter at approx 9:35?

I think I can see "where the party started" though. It's where the first swing highs were that would connect the trendline right? Once you draw that trendline, then you start selling all the little pop-ups right?

Hopefully what I wrote made some kind of sense.
 
Quote from Anekdoten:

No real reason, a matter of preference.

Yes, the pop ups are all opportunities.

Anek
More...

Sorry, I have another question I forgot to ask. What is the significance of the "w" bottom you noted on the chart? Is it any different that a double bottom? I just did a quick google on it and all that came up was - "a double bottom looks like the letter w"

Is it just another name for a double bottom or is it treated differently? It looks like it broke out past that middle section like a double bottom would.
 
I think the official name of that pattern is the 2B, although I could be mistaken.

For what is worth, I play it like a Double B if at LOD.

Anek
 
Quote from Anekdoten:

Some people feel they need a bigger penis to make love I feel comfortable with my 15" laptop of course more goodies help. :eek:

Did that analogy make sense ? :D
More...

AMEN TO THAT!

So many people always think they need to get a big better sytem and more realestate. It just takes your eye off the ball. Any good trader that trades futures can hack it with one monitor no matter the size. I did it with 2, but the second one got my attention maybe 10% of the time at best.
 
Confirmed, it's the Trader's Vic 2B pattern.

The reversed version at the top, the M with the second top a bit higher but still taking the swing in the middle down would be the 2B bearish one played like a double top.

Anek
 
Quote from Anekdoten:

Some people feel they need a bigger penis to make love I feel comfortable with my 15" laptop of course more goodies help. :eek:

Did that analogy make sense ? :D

I use an HP2335 LCD with a state of the art PC updated (roughly every 6 months) for trading and a Laptop for chatting/forums/fun/music.

Ironically I have 5 systems in "mission control" and about 8 LCDs but I have traded on the road with the laptop and you know what, I did just fine, maybe harder on the eyes but that's about it.

In fact, I have no idea why I got all these systems, I certainly don't use them all for trading but since I purchase one so often they pile up. Should donate some to local public schools with needs. I know one of them will soon become a movie entertainment system for the kids, convert the DVDs into ISOs. Those little bastards wipe their asses with their discs, must act before they are all ruined.

Sorry for the prosaic post, one too many stouts today on a very profitable trading day :)

Anek
More...

LOL. Some of your posts are just hysterical. Maybe start a journal for AHG on how to drink Stouts? And just for the record, I wouldn't be spending the money it costs for those LCD's in efforts to make my penis mightier. One good solid colored monitor will be good stuff. Larger data makes for less analytical effort and a little extra space never hurt anyone.

~Cx

P.S. <==Huge :p :p



Quote from jack411:

Cx,

Thanks for posting your chart. I wanted to ask you, what made you enter at that particular point and not a little earlier? Were you just confident by that time that we were in the middle of a downtrend? I'm just wondering if you saw something that I am not seeing, and that is why I ask. Either, way it was obviously a good trade. :)
More...

Since I didn't take the short on the initial close under the double-top valley, I took short what I saw as the first minature-pop pullback following it. That make sense jack?



Quote from Anekdoten:

Cx's chart.
More...

Good stuff! Why the line near the end of the chart stating "this is where you should start buying retracements" ? Were you basing that statement on the new swing highs/lows back up or were you actually referring to HH/HL over that level? Seems like once the last swing high was finally taken out in the prior trend that once you had 2 HL/HH swings that you should be ready to rock on any following pullbacks!!

~Cx
 
Status
Not open for further replies.
Back
Top