AHG - Profitable Strategy for Struggling Traders

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Quote from Piscuy:

If I could give you some advice and if your using your indicators as well, focus on price and use indicators as reference. In time you will get rid of the indicators overall. This is a business of trusting yourself and your system. When you get to trust yourself and your system you will take the trades and play your odds. Hopefully in time you will see the value of price action and the probabilities it gives you, till then use the indicators as reference but always trade price action.

Good Trading to all
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Piscuy, "Hopefully in time you will see the value of price action and the probabilities it gives you, till then use the indicators as reference but always trade price action" ... that would be the very practical approach for me for the time being until such time as I can do without the indicator reference. Thanks for your words of encouragement.

Best regards

~ave
 
Quote from Techdoodle:

Anek,

I can really see how those painted bars can clear things up. Good job. I'd like to figure out how to do that in Quote Tracker.

-Tech
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Read page 248 of this journal , AAA30's post shows how to accomplish this . It works , thanks AAA30
 
Anek,
Care to commend on my chart.

I don't have NQ, this is QQQQ on 09/14, it should be close to NQ.

It is 1 minute HA candle chart. time based.

Thanks,

freewilly
 

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Quote from iluv2trade:

I am doing well with my methodology however it's not a very comfortable one for me risk wise as I try to scale up my trading.

As is probably obvious from using an avging down strategy I do sustain occasionally decent sized losses up to 2x my average positive days. I'd prefer to move in a different direction that is more tailored to my risk aversion psychology.

Being part of a Prop firm, I use the firm's money so it's a low risk endeavor for me. Since I can only trade stocks there - no futures - and i do enjoy the diversity of the action, I was hoping you'd have suggestions on how to target stocks using AHG or some variant thereof.

I suppose I can certainly trade the Q's or SPY as you have in the past though I was hoping you might have insights on an approach that could target a larger variety of stocks.

Thanks! :D
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I guess you didnt see the question in that post :) - my bad. If you dont mind giving me your insights I was wondering (if this is not off topic):

Specifically for daytrading...
1) what did / would you look for in a stock to trade it with AHG? high volume? multiday trend? high volume breakout?
2) If you weren't trading the indices, would there be stock(s) you would trade?
3) Did you successfully avg up while stock trading? Any AHG tweaks on doing so ?

My goal is to trade several uncorrelated stocks with an avg up strategy and it seems like the best way is with AHG or a variation thereof. the Q's and especially the SPY's are too expensive for small lot learning trades and i'd ultimately like to move from one stock to another until i found a great multiconfirmation setup.

Thanks!
 
Quote from freewilly:

Anek,
Care to commend on my chart.

I don't have NQ, this is QQQQ on 09/14, it should be close to NQ.

It is 1 minute HA candle chart. time based.

Thanks,

freewilly
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Do you have access to tick or volume based bars ?

You know I can't stand time based bars :)

Anek
 
I,

It has been a very long time since I did equities so I'm not sure what to suggest at this time.

Yes, definitely look for high volume, nasdaq based (4 letter ticket name) and look for volatility and trendiness as a whole.

As far as averaging up, yes I recommend it head and shoulders above what you are doing right now but you must realize not all days are optimal for it.

Averaging up is ideal for those kinds of day where the trend is just mighty strong.

I can't insult you enough for averaging down but I won't because with this line alone I feel I have. :)

Anek
 
Quote from IanMacQuaide:

Anek, any value in drawing previous days OHLC on one's chart?
And, if so, should I use Close or Settle price?
Thanks!
Ian
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Ian,

Good question.

There are many areas that will cause price to hesitate.

Things like....

Globex high
Globex low
Previous close
Previous high
Previous low
Previous open
Pivot point
15 min opening range
30 min opening range
S1
R1
S2
R2
Weekly Pivot

...I can go on forever.

The question is, when do you stop cluttering your charts ?

So one day I say, screw this nonsense, let's stick to price...... :)

If an area is important for whatever reason you will see it as support as resistance in your chart, end of story.

Anek
 
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