AHG - Profitable Strategy for Struggling Traders

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Quote from swingnifty:

Hello All

I am from India and trade the Nifty (the index future of NSE). After struggling for about two years with all sort of indicators and systems, I finally shifted to trading based on pivots highs and lows.

Two weeks back I came across this journal. I have been following it since then and have read through it a couple of times.

Thanks Anek for such a wonderful effort. A best example of KISS principle.

The images of the structure uploaded by rn86 were really helpful to me. Thanks rn86 for the same.

Best Wishes
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which brokerage do u use...nifty can be traded during US night time so its good that...please let me knoe more info... do u use vol chart. which platform...
 
Hi,

cool thread. If I may I like to ask about the closing price to which significance is assigned here. Why do you find the close important? What does the close mean in the bars you use?

On daily and weekly charts I can clearly see why the close should have importance, at least in theory. These closes happen at session and trading week endings and there might be some urgency involved before market close. The closing price on volume bars or tick bars just happens to be the price when the volume or tick limit is reached. Similarly on x-minute bars - the close is just the price when the bar is running out of time. Why do you find that such closing prices have importance?

I'm no daytrading expert, so I hope you don't mind the question. Thanks.
 
Scaling out on the ER2 long swing for +8.50

If we get a closing bar ABOVE the downtrend line of the flag, and I see a future tick go above it, I will fortify the position and will be looking for nothing short of 25 points for the future as target with a trailing stop.

Anek
 
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