AHG - Profitable Strategy for Struggling Traders

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Folks,

I just had to post this. Yesterday I entered my first trade using the information shared here. I am very new so I am going real slowwww.

I may not be able to trade everyday due to day job but after my 1st real trade I am up $30.00. I know it is not much, but just to finish my 1st in the green makes me very happy.:D :D

I know I would never have been able to pull this off with out everyone input. Anek, your helpfulness for someone who a month ago never even looked at his 401K until the statement came in the mail, is a testament to your sound and steady teaching.

Please keep up the great work:) :)

Thanks,

Jerry
 
Jerry, Until we burn Anec out, he has been very nice about making comments on the charts of our trades we post. You may wish to avail yourself of his comments before he starts swinging 100 cars and starts moving in different social circles.
 
Quote from Anekdoten:

Absolutely annihiliated the NQ on that reversal formation.

Personal trading getting very strong and very scary, calling it a day to collect my thoughts as I debate an increase of car size for the near future.

Anek
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Anek,

So what happened? What changed to make your trading so much more accurate? Has it changed since starting the journal?

You seem to know a lot of different patterns and setups that you work off of (ie dragon, etc) Are these patterns something you just started looking at, or have you always traded them?

I read over the thread again this past weekend and can see how it's evolved. I'm wondering though, have you evolved that much, or were you just holding back and covering the basics for us first and then expanding?
 
Jack,

Just like I told Jimmy last week, baby steps.

At first I wanted to share the basics of trend following, but as the journal grew into something quite serious with a lot of followers I decided to keep on adding chapters.

The amount of people that contact me with PM and email is just incredible, hundreds to stay the least. After such positive response it felt natural to let go of more information.

Still with a few undisclosed tips but as I said at the beginning of this post, baby steps.

Pattern trading with a solid understanding of price action is an extremely powerful technique.

It´s a puzzle and with additional pieces a great work of art will eventually reveal itself.

Stay tuned for more....

Anek
 
Anek. You are golden. if you are ever in NYC I owe beer and a dinner. Now, let me get to the meat of this post. I recently added B. Bands to my system (also changed them to 2.5 as per your instructions). My question to you is: How detrimental are they to your way of trading? How accurate have they been since you started using them? I am a bit skeptical since the rules for using them a very simple, and although I am a firm believer in KISS principle, the rules for using them are almost primitive. Now, please do not misunderstand my intentions here. This is not a dis in any way shape or form. I just cannot believe that a simple system can be this powerful.


BTW. What are your rules for B.B? I and I am sure a lot of newbs on this thread would like to hear your take on them.

Awaiting your response
 
Anek,

Thank you for the only real guidance I may have ever seen on ET or in any trading strategy book.

My 2 trades for today (i trade during the west coast lunch time) are detailed in the attached file.

Thanks again for this journal.

Sincerely, elitetrader101
 

Attachments

Yeah I read it as a DB on the gap close and a break of the TL. Long at 2115.50. Might take a little heat for the late entry but wanted to see it close above 2114.50.
 
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