AHG - Profitable Strategy for Struggling Traders

[bugsbunny]

Low ,

he is reffering to the big black bar that closed above the Low of yesterday , the area where u exited the trade

EDIT he is trying to show u why there is no need for pivots etc.. since price action tells the stoy

 

[Arnie]

Anek,

Interesting thread, in fact one of the better ones here on ET.
I was wondering, do you look at the 10 year (ZN Z7) for confirmation of longer trends? I have the ES, the ER2, TICKS and ZN up and I noticed that lately, the ZN is nearly a perfect mirror to the trend in ES and ER2.

 

[low_hcp_golfer]

Thanks BB.

Looking at either a DT or an IHS on the NQ. Wait and see how it plays out.

 

[bugsbunny]

yw low ,

looks like the IHS is almost there!

EDIT its broken , can anyone tell me where stop is at?

 

[low_hcp_golfer]

Try using the TL from the Head to the shoulder...I'm waiting for a PB to the TL then see what happens. I take too much heat taking the breakouts sometimes.

 

[bugsbunny]

So is the way to play it is wait for the pb after the breaking of the neck line or to take the breakout with a stop at last swing low and trailing stops as tl moves ?

 

[Cxinvest]

Ok so I took this DB play on the ES with a close above the middle swing. I am out of it now. Anek, I was wondering where you would have exited this double bottom play if you took the trade, or if you actually did take it where did you exit??

~Cx

--Chart Attached--

 

[low_hcp_golfer]

Quote from bugsbunny:

So is the way to play it is wait for the pb after the breaking of the neck line or to take the breakout with a stop at last swing low and trailing stops as tl moves ?

You could do it either way. Depends on your risk profile. Waiting for 1 HH and a PB with a HL preferably around the TL would be ideal though.

 

[Anekdoten]

Quote from Cxinvest:

Ok so I took this DB play on the ES with a close above the middle swing. I am out of it now. Anek, I was wondering where you would have exited this double bottom play if you took the trade, or if you actually did take it where did you exit??

~Cx

--Chart Attached--

Scaled out at the next obvious resistance level and now watching a possible head and shoulder formation as I trailed the stop. Either way it's a winner and possibly more to come, I dare you market!

Anek

 

[Cxinvest]

Quote from Anekdoten:

Scaled out at the next obvious resistance level and now watching a possible head and shoulder formation as I trailed the stop. Either way it's a winner and possibly more to come, I dare you market!

Anek

What obvious level are you referring to?

~Cx