Shoot. I just bit tooth and nail. But I got it to work. I have closes higher than previous high and close lower than previous low. I think Anek's some other rule in the there too.
I like it!
-Tech
AHG - Profitable Strategy for Struggling Traders
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Shoot. I just bit tooth and nail. But I got it to work. I have closes higher than previous high and close lower than previous low. I think Anek's some other rule in the there too.
I like it!
-Tech
Thanks.
Even though they look the same I took A30's gracious contribution.
Ok,
It's past Midnight est.
Again. the stops and exits are redundant in style. I think that's a good thing because they become well defined rules.
Anekdoten, enjoying the thread thank you for sharing.
For the QT paintbar I posted your readers might want to change the{if Bar Open = Bar Close set color to white.} rule to
if ABS(Bar Open - Bar Close) <= 0.25 set color to white. Where the 0.25 is what would be a neutral body size. The original rule will only show doji's.
AAA30
For the QT paintbar I posted your readers might want to change the{if Bar Open = Bar Close set color to white.} rule to
if ABS(Bar Open - Bar Close) <= 0.25 set color to white. Where the 0.25 is what would be a neutral body size. The original rule will only show doji's.
AAA30
Quote from Anekdoten:
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
lol, i totally understand about how u feel on avging down, but it's a mighty strong technique if done judiciously and with discipline ESPECIALLY if you get the side benefits of ecn credits.
Believe it or not, i am profitable every month for the last 5 years other than an early blowout month where i lacked discipline. However, I have seen less disciplined traders take HUUGE losses - and i mean HUUUGE. As they say, avging down has killed more jews than the Holocaust...
It's obviously a looooot easier to scale up if your risk / reward is high versus low to med risk/reward with a good batting avg so i'm definitely going to give it a try.
Cheers!
I,
I've talked a lot about averaging up in the journal. Feel free to browse the thread, perhaps with a search, you might find some comments useful.
The bottomline line is the psychological hit of having a small winner becoming a break even or a small loser time after time, that's the hardest barrier to break.
Five years without a losing month?
I should be taking advice from you! Start posting
Anek
I've talked a lot about averaging up in the journal. Feel free to browse the thread, perhaps with a search, you might find some comments useful.
The bottomline line is the psychological hit of having a small winner becoming a break even or a small loser time after time, that's the hardest barrier to break.
Five years without a losing month?
I should be taking advice from you! Start posting
Anek
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