AHG - Profitable Strategy for Struggling Traders

Status
Not open for further replies.
Low,

Excellent execution.

Remember, every single play *MUST* have a target greater than the risk but if price action says otherwise we take what we can.

Once the trendline establishes itself, move the stop to protect capital, use the TL for placement guidance.

Needless to say when the pattern works well the target will most definitely surpass the risk.

However, something tells me you already know this :)

Anek
 
Quote from Jerry64:

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
More...

Great work Jerry, your off to a good start. Keep up the good work.
 
Quote from saxon22:

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
More...


Let me start by saying that I do not use Bollinger Bands but that is personal preference. Some people use them and use them effectively.
The bands are used in several ways, they are used for plays detailing double bottoms/tops. For this you need to have a double bottom very close to the lower band (both bottoms on or near to it) and the entry signal is given when it crosses over the middle band.
The squeeze is another play that you can take advantage of, for this what you do is watch for contraction of the bands. They measure volatility so when they tighten volatility is low therefore you can expect it to increase soon.
Exits with the opposite band are also something I used them for. What you do is in an upmove you follow the opposite band (the one price is not hugging) and watch for a change of direction in it, this tells you the move is over.
Im attaching a chart with the squeeze and the exit using the oposite band. Hope this helps your question.

"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."

The fact that a tool is simple is not a detriment to its utility. Trendlines are a perfect example of that. Dont think that simplicity means unusefull and most importantly dont ever think that a tool that is complex is more usefull.

Hope this helps and answers some questions.


Piscuy
 

Attachments

Status
Not open for further replies.
Back
Top