AHG - Profitable Strategy for Struggling Traders

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Quote from Marvin Zark:

2 things I dont understand about your scalps...

Thanks for commenting and thanks for the thread.
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Marvin,
I think the TL break signaled a change in direction leading to the short setup. It looks like Anek then waited for the low to break for confirmation of the direction change.
 
Marvin,

All valid questions.

Let's clear something up, not every play I take is AHG related, although 90% of the time I make an effort to trade with the immediate trend but particularly in micro-scalping I go nuts, up and down.

With that out of the way.....

Your 1st question

I don't see a bar closing above previous highs, no bright green.

You want to look for strength during a retracement when the trend is long as that is usually considered a good sign, not the case here. It was however on the other longs.

Your 2nd question

No signs of strength, no bright greens to be found.

Trendline break.

Mini head and shoulders, neck broken.

Last swing high was a lower high.

Bars closing below previous lows, bright red.

Lots of reasons.

Also don't forget I use the tape to fortify the plays but in these cases ,it was not necessary.

Anek
 
Quote from low_hcp_golfer:

Marvin,
I think the TL break signaled a change in direction leading to the short setup. It looks like Anek then waited for the low to break for confirmation of the direction change.
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Bingo, there were other reasons too as explained in my previous post.

Good job Golfer.

Anek
 
Hi Guys,

Does anyone here know if there's a way to code the bars the same way in QT (quotetracker) as Anek does in Tradestation. Dark,bright green, Dark,bright red

Please advise.

Thanks, have a great weekend.
 
Heading out to down a few bottle of wines with my old man.

When I come back, I expect an explanation for every circle on the chart.

Come on people, I'm getting hate mail for explaining so called "trading secrets", no joke :eek: , make it worth it :p

Anek
 
Thanks for your replies.

Regarding the first question and your answer Anek: by waiting for the candle to close above before taking the trade, dont you risk either missing the trade when it goes far away before the candle close or even chasing it if you enter and being too far from your logical stop (the low of the swing low in this case)?

I am sorry, I have the feeling that my English syntax is not quite correct here: hope this is understandable.

Thanks indeed.
 
Marvin,
Price already retraced, so that's in your favor, you are just giving up a few ticks for CONFIRMATION which is premium in this game.

Can't have it all my friend :)

Anek
 
Quote from Anekdoten:

As an exercise, please study my afternoon scalps and explain the entry and exit, play by play.

Share with the readers for discussion.

Thank you

Anek
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EDIT:
I see I may have interpreted Anek's trade incorrectly. The way Jaxon sees it makes sense as it clearly follows trend rules.

Do not read.
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Hmmmm.
This is what I analyzed after following this thread.

I'm probably way off :P

First trade -- entered long due to a bounce off strong support after a strong up trend with (after a bit of noise)bar closing higher than the previous bar's range. Exit happened perhaps at the close of the down barafter the 3 white soldiers?

Second trade -- entered short due to being close to a strong resistance level with a psuedo mini double top(showing weakness) and bar closing lower than previous bar's range. Exit was at close of doji -- sign of a reversal?

Third trade -- entered long (knowing the day's over-all trend was bulish) with a HH and HL at the bar that supported sentiment of previous bar's strong close higher that previous bar's range. Close happened at first bar that closed lower than previous bar's range.

Fourth trade -- entered short after price bounced Off the strong res line and bar closed below previous bar's range. exit occurred at first bar closing above previous bar's range.

Fifth trade -- enter long after a hl, knowing the over-all trend was long and strong res line was not far off with strength of closes being higher each bar, you thought to ride momentum. exit was at the first bar that closed lower than the previous bar's range.

Sixth trade -- entered short after the down bar closing lower than previous bar's range, knowing price bumped its head on the strong ceiling. Exit happened at the close of the first bar the closed above the previous bar's range.

Seventh trade -- entered short after weak pullback and at the close of the bar that closed lower that the previous bar's range assuming the small down trend would continue towards the strong sup line. Exit occurred at the close of the doji which may show a reversal of price.

Eighth trade -- entered long knowing there was a strong sup line just below and that price was at a larger trend level, which was in line 2 other HLs. Exit may have happened at first down bar indicating that perhaps the trade will fail(and there wasn't a close above previous bar's range to support your intuition.

Ninth trade -- entered long at first close above previous bar's range after that price bar bounced off support. Big guess on this one. Exit was on the first bar closing lower than previous bar's range.
 
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