AHG - Profitable Strategy for Struggling Traders

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Punch me Anek if this has been distinctly addressed, but it is one of the last things poking at me. On this chart I have two possible long entries circled in bright green. The first entry is circled due to the first HL pivot since last down trend. The second is the next HL pivot up, but now there has been a close over the last trends swing high. So my question is, since there is nothing along the lines of a double bottom or some huge support level, do you need to see the new trend take out --AREA #1-- or is the first green circle entry --AREA#2-- valid? Making sure I am not getting in to early and fighting current trends//momentum.

~Cx
 

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CX, one thing we need to be very careful about is hindsight trading when we look at these charts. When I look at Area #1 I see the chart shows a lower low first, so I would not be looking for a long entry at that point. It looks like the last HH was made after a double top, although I am not sure that is relevant to anything. I also don't see why area #2 is a potential long entry because you have just made a 2nd LL. If anything, without the benefit of hindsight, I might have been looking for a short entry around area #2, following 2 lower lows, and what appeared to be a lower high.
 
Quote from Jaxon:

CX, one thing we need to be very careful about is hindsight trading when we look at these charts. When I look at Area #1 I see the chart shows a lower low first, so I would not be looking for a long entry at that point. It looks like the last HH was made after a double top, although I am not sure that is relevant to anything. I also don't see why area #2 is a potential long entry because you have just made a 2nd LL. If anything, without the benefit of hindsight, I might have been looking for a short entry around area #2, following 2 lower lows, and what appeared to be a lower high.
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Jaxon -- Area #2 was no longer a valid short entry following the pivot back to the upside created by HH / HL. And I think you misunderstood what I was talking about on AREA #1. Needs to be addressed in correlation to the green circles. Might want to recheck that.

The point I am in efforts of clarifying is whether #2 is too early for longs due to:
1 - It is merely the first higher low pivot back up.
2 - Last swing high of prior trend (downtrend) was not taken
until next pivot up.

~Cx
 
Quote from Jaxon:

Here is where I see us, right now. Trend has changed from down to up, but following AHG you have to wait for two (count em) two, higher lows and higher highs. I see a trendline break, and finally 2 higher highs, now looking for a long entry.... right?
......... still waiting. It's tough when the NQ has moved 14.75 pts off the lows before I start looking for a long entry. Up move may be exhausted by now!
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What about possible long?
 

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Quote from Rn86:

What about possible long?
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I agree, bright green bars heading up, but... only two HL and ONE HH at that point. Don't we need to wait for a 2nd HH ?

now... double top and TL break?


edit.... I see Anek, I see! :)



harder than it looks! :(
 
DT and DB? Where do you set your initial stops? 50% retrace from entry? For example on the NQ potential DT today stop would be in the 2040.50 area? Thanks
 
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