AHG - Profitable Strategy for Struggling Traders

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Quote from booyah:

Thanks P.

I already noticed conflicts with the trend and signal, and it was confusing, in any case I was curious if you guys use anything in conjuction with the basic price/volume trend model.

I was hoping to find one more tool to assist in increasing probability. For example in and uptrend during the retracement before the next surge up. If the volume is falling during the retracement that is a bullish sign. That along with trendline intact. Is there any other signal/tool/indicator to buy that retracement. that would help me in this case.

I whole heartedly agree with what you and others are saying, and the Price is the most important aspect.

So far TA hasnt helped but I try to keep an open mind and learn (trial and error) since it works for some while others hate it.

Thanks.
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Im not sure what your doing or how you have your charts setup. As I have always said, what works for one may not work for another so find your own style. In that spirit, I can help you with ideas that work for me and hope they work for you as well or better.
I use multiple time frames at a time. Start out with the chart you normally use and add an exact chart but double the time frame. This will help you see the "bigger picture" with added supports, resistances, trendlines, etc. etc. which will help you manage your trade a bit better.
Also as a side note, you say you were hoping to find a tool to assist in increasing probability... you can spend a lifetime looking for that "edge" and yet you may never find the answer. Become an expert in finding high probability setups even if you find a single wedge a day become an expert at that and you will have an edge that 90 % of the population wish they had. That is why focusing on price action helps a lot of traders step to the next level and eventually becoming succesfull.


Good Trading
 
Quote from Cxinvest:

Thanks for all your help and input too Piscuy. The information is very helpful. I am finding that your advice about --exiting when your trade does not do exactly as planned-- is becoming a better idea then taking full stops. Looking forward to more quality wisdom and advice.

~Cx
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Now your thinking in terms of capital conservation!!! Two thumbs up for you!!!
 
hey guys,

I was wondering has anyone traded the nikkei futures mini contract ? I know some have traded the DAX, but the Nikkei Mini trades at ideal hours for people live on the east coast in US. something like 8pm - 2 am. if anyone has any experience /feedback (positive or negative) on the asian markets index futures. Please advise.


Thanks
 
Quote from bmwhendrix:

dang formats....chart
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BMW -
Nice trades. Are you just using the basic AHG principles of HH, HL, etc? What are the bollinger bands for, and what kind of moving average is that?

*edit - I mean how are you using the other indicators along with AHG?
 
Folks,

This site has got lot of useful information. Thanks to each one of you for making it more valuable to new traders like me.

Btw, I started trading options for the past 2 years. I do short term trades(mostly 4 or 5 months options). Initially I did very bad(thanks to Jim Crammer's Daily Mad Money shows).

Then went to VectorVest courses. Now I am confident that am able to pick good stocks(options) using their search startegies. That takes care of the fundamental part of it.

But I have no knowledge about Technical Analysis.

So, I have a tough time figuring out the entry/exit points.

I heard someone say that we need to choose two contradicting Indicators(one volume based and one price based) to get confirm signal for buy or sell.

Just wondering if anyone could tell me any two TA indicators which are good for confirmation on buy/sell signals.

Looking for guidance from the gurus.

Thanks in advance.

-Suresh
 
Suresh,

I'll give you five indicators, most charting software got them.

- Price

- Support

- Resistance

- Momentum (bars/candle euphoria not the indicator per se)

- Trendlines

I'm not joking either :)

Anek
 
Hi Suresh,

The journal advocates using Volume based bars, so that you can use price based studies and indicators, and so, volume will always be a component of any chart study you try. It makes things that much easier for those of us who cannot concentrate on 5 things at once, and it means that you will not have to deal with incredibly long bars, which are not good to try and figure.

If you need to see the change in volume, I believe Anek mentioned something about keeping a very small time-based chart open in the corner of your screen somewhere with volume bars for reference.
 
Jack411, I am trying to base my trades on Anek's methods. The ma and keltner channel are just filters. Not sure they help, but just reminders. For example unless I see a really good reason to sell, such as a dt, I am hesitant to do so if price is above the ma. KC just keeps me aware of where price may have a predisposition to stall or reverse in addition to s/r, & tl. Trades all based on price.
 
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