AHG - Profitable Strategy for Struggling Traders

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Anek,

Thanks once again for the great thread and thanks for this scalping technique for reducing risk.

Quick question as to when you actually enter the trade. For example on the ER2 chart for today, I see you marked a long entry at 13:55 in the chart. So, do you wait for the bright green candle to complete and then you enter on the next candle (somewhere within the body of the previous bright candle )?

And where do you place the stop, just below the low of this previous bright green candle?


One more question, I understand the bright red and green candles. I see some white candles, when do you get white candles ?

Anyone know if one can plot these bright candles in Ninjatrader?

Thanks
disiplinetrader
 
Definitely wait for close otherwise you don't know if the close was actually above or below the area in question.

Always wait for close, in breaks, in test, in scalps, in patterns, etc.

White means neutral action.

Anek
 
Quote from disciplinetrade:
Anyone know if one can plot these bright candles in Ninjatrader?
Thanks
disiplinetrader
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DT,
Check out the NinjaTrader Support Forum @ http://www.ninjatrader-support.com/vb/index.php

I downloaded a indicator named "Scalper" from the file sharing section. I'm gonna give it a try and see if it has any value. Apparently it paints the candle (or bar) after 3 higher closes or 3 lower closes. But this may be way too late for scalping.

Here's what it looked like on today NQ 1500 volume chart:
 

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A. Do you live in front of your computer? How do you know when a message has been posted and reply so quickly? I need to do whatever it is.
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B,

Due to the nature of my work and my background I got access to the net wherever I go so it feels like I'm always here :)

ET sends me an email when a post has been posted on the journal.

Nevertheless when it's family time I just ignore the traffic until futher notice unless it's important.

Anek
 
Thanks Anek for answering my question. I appreciate it. Yes I will wait for the candle closure as you said and put stops just below the bright candle.


Also thanks low_hcp_golferfor the Ninja indicator. I will try and it see. But as you said if it waits for 3 candles it might be late for scalping. Please let me know how it works and if you come across anything similar to match Anek's bright candles in Ninjatrader charts.

Thanks
DisciplineTrader
 
Anek,

Thanks for the ES scalps chart. I took the Double top short (simulated but I take simulation seriously) around 9:58 am on the chart at 1541.25 but kept stop at 1543 (just above the arrow you drew on the double top area which is at 1542.50). I thought you place the stops just above the arrow in double top setup.

So, if you get a double top setup like this you wait for the retracement to form and then a bright candle and place stop just above the previous bright candle?

So, in this case, from your chart it appears you got around 1541.25 and placed stop around 1542 ( and not above the middle arrow in double top). Is that correct?


Thanks
DisciplineTrader
 
D,

I did not take the trade Double Top play because I had a long night but definitely saw it on the chart when I loaded the platform a little after the fact.

The stop goes in the mid point between entry (a close below mid swing) and a new HOD, looks like it would had been close but still a great play.

Still, if the top is not taken, the top is obviously still there and you can always get back in short, assuming price action has your back. The one thing you can't see is a new high, if that happens, the pattern goes invalid.

Anek
 
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