AHG - Profitable Strategy for Struggling Traders

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Anek, firstly I'd like to congratulate you on a fantastic thread... thank you for all your work.

I have one question if I may... do you take breakouts of small sym triangles which are inside of a bigger sym triangle?
 
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
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Saxon,

Thanks for the kind comments. Beer and NYC sounds great to me, I might take you up on that offer as it is a city I frequent often, walking the children in Central Park is just priceless stuff, during Xmas time, it just melts your heart.

As far as your BB question.....

If you like them use them as a volatility indicator, everything else it's not that hot as far ar the BB goes.

However, if they help your trading that much, by all means keep using them.

Anek
 
Jerry,

Simulator for six month, no less.

It has been posted before but I don't want anyone running before crawling.

Best of luck/skill.

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
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Quote from elitetrader101:

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
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You are welcome, glad to hear positive feedback.

Remember what my motto is, small stops, small wins, break evens and to the moon on the rest.

Anek
 
Quote from gpzany:

Anek, firstly I'd like to congratulate you on a fantastic thread... thank you for all your work.

I have one question if I may... do you take breakouts of small sym triangles which are inside of a bigger sym triangle?
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Thank you, as I said in the past, we are all learning here, myself included.

I suppose it depends on what frame you are actually trading.

Remember that a Symm breakout with the trend has greater chances of success than one against it.

Anek
 
A. You probably have answered this several times, but again,
When playing a HH/HL setup for a change in trend. Is there an amount of pullback for the second HL that would keep you from taking that trade? For example, if a pullback is greater than 50%, do you find the rate of success diminishes over ones that may pullback only to the support of the previous HH?

I played today badly, If you chart of today contains any lessons, they would be appreciated.

D.
 
Quote from Anekdoten:

Thank you, as I said in the past, we are all learning here, myself included.

I suppose it depends on what frame you are actually trading.

Remember that a Symm breakout with the trend has greater chances of success than one against it.

Anek
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got it, thanks.

Currently watching NQ on 100 & 1500 tick charts. Saw the "big ass" sym triangle on the 1500 tick and also smaller triangles in the 100 tick. That's why I was uncertain.

Cheers.
 
Quote from Anekdoten:

Thank you, as I said in the past, we are all learning here, myself included.

I suppose it depends on what frame you are actually trading.

Remember that a Symm breakout with the trend has greater chances of success than one against it.

Anek
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FWIW,
NQ daily has a nice break of resistance. So that big honkin' Triangle might become bullish.

Although I caution myself to the idea of price wanting to test its new support.

...just thoughts.

-Tech
 
B,

I had some patterns fail today, the day was very brutal but that's quite alright because the stops are nothing to cry home about. I think today was one of the ugliest trading days in a long time.

However, there are always scalping opportunities.

You know the paintbars I use are a close above previous high and a close below previous low. Well, when you combine this with Trendline support or resistance you get a nice scalping system because the stop is very small and the reward is quite high.

Attached please find some of the scalps I did today on the NQ. Many worked great on ER2 and ES as well and at one point I had the same play on all three indexes at the same time, felt funny, but good stuff, minimal risk, great reward, just like I like it.

I don't think I had one fail today.

Hope it helps.

Anek
 

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