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AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Anyone here trade ER2? Been trading it for the last 4 months and nothing else. I just started trading with price action last week and finally threw out my indicator.
I read about other people saying they trade with price action only, but they never talk about specifics on how they do it. Trading strictly on price action has always been a mystery to me, until last week when I caught this thread. And after reading a portion of this thread I finally understand the effectiveness of price and how important the close is.
I read about other people saying they trade with price action only, but they never talk about specifics on how they do it. Trading strictly on price action has always been a mystery to me, until last week when I caught this thread. And after reading a portion of this thread I finally understand the effectiveness of price and how important the close is.
Quote from jimclark:
Anek, Everybody:
How relevant is this strategy for trading stocks only? Anything to be modified/revised?
Thanks.
If you are daytrading you may want to look into index futures or some other ideas they can offer you here. Daytrading stocks is really tough do to their variation and inconsistencies. If you are talking swing trading stocks or investing in them, then you should be able to implement this full tilt. Your answers are still in the price action.
~Cx
Quote from xcel454:
Anyone here trade ER2? Been trading it for the last 4 months and nothing else. I just started trading with price action last week and finally threw out my indicator.
I read about other people saying they trade with price action only, but they never talk about specifics on how they do it. Trading strictly on price action has always been a mystery to me, until last week when I caught this thread. And after reading a portion of this thread I finally understand the effectiveness of price and how important the close is.
Xcel, if you can master everything in this thread + discipline, you definitely don't need any indicators for help because you'll have all you need. ER2 can often be very erradic and nasty...ever consider the ES or the NQ?
~Cx
Hi BMW,
" A little off topic, but did anyone else who uses IB for data get a change of margin requirements message today around closing?"
Not that I know of. Were they seeking to raise or lower margin requirements.
Also on another note,I've been trying to get a handle on the Price by Volume charts depicted on Aneks' charts in what appears to be candlestick style. Do you or any other traders here know if they can be used on IBs' TWS Platform, or is a separate charting package required. The only other information that I can find depicts PVB in a totally different format.
Thank you for sharing any thoughts you may have on PBV.
Best Regards
Johno
" A little off topic, but did anyone else who uses IB for data get a change of margin requirements message today around closing?"
Not that I know of. Were they seeking to raise or lower margin requirements.
Also on another note,I've been trying to get a handle on the Price by Volume charts depicted on Aneks' charts in what appears to be candlestick style. Do you or any other traders here know if they can be used on IBs' TWS Platform, or is a separate charting package required. The only other information that I can find depicts PVB in a totally different format.
Thank you for sharing any thoughts you may have on PBV.
Best Regards
Johno
Quote from Johno:
Also on another note,I've been trying to get a handle on the Price by Volume charts depicted on Aneks' charts in what appears to be candlestick style. Do you or any other traders here know if they can be used on IBs' TWS Platform, or is a separate charting package required.
Johno
I don't think so, but I've never really looked too hard.
Quote Tracker is an excellent charting platform that uses IB feed. Its also free.
It has Volume bars. You can also paint the bars like Anek's.
Quote from Cxinvest:
Xcel, if you can master everything in this thread + discipline, you definitely don't need any indicators for help because you'll have all you need. ER2 can often be very erradic and nasty...ever consider the ES or the NQ?
~Cx
Cxinvest,
I have considered ES in the past but ER2 seems to fit my trading style quite well. I take profits pretty quickly, anywhere from .5 - 2.5 pts.
Though I don't trade AHG setups, I've learned a few things from Anek that has changed my trading dramatically. Literally i saw a difference in my trading within days.
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