AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Idiots...
Sorry, I'm not seeing where you posted elsewhere about W bottoms and M tops. Was it awhile ago? I usually don't miss any posts.
What are the reasons for the entries/exits on the chart that goes along with being Ws and Ms? And what are the larger red circles for?
Sorry, I feel like I may have missed something.
Jack,
When you see an M top or a W bottom treat it as a reversal formation once the middle swing is taken by a closing bar.
Very similar to double tops and double bottoms except that the stop is a little more risky because it actually goes at the other side of the pattern due to their peaks not being identical, otherwise they would just be DTs and DBs.
As always the 1st target is the first major point of S or R then price action based on trendlines and what not.
Hope it helps.
Anek
Quote from monti1a:
A.
I also notice the action that you speak of....I, however, liken it to someone who has diarrhea..........I know....uuugghhh........it's like the market is about to burst out of it's pants....
Tnx guys for the info on T&S!
I got more usefull information in this thread in a few days then lurking all over ET and the net for 2 years!
For now it's still me who has diarrhea when trading but hopefully that will change in time...
Happy trading to all!
PS: It's 6AM here and I'm watching HSI
Anek - I am a swing equities trader but somehow managed to stumble upon your journal.
Lo and behold your style is VERY close to what I do now. Just want to make a comment that your journal has been very helpful to me. Although I trade interday, the stocks i trade look a lot like what your good days look like. As such, I implemented the same stoch settings which I have never used before.
Also, have been starting demo trading futures. Will be attempting to combine some of my settings with yours and demotrade a few days this weekend.
Once again, thanks for everything. You have helped me more than you can imagine probably. It's difficult to describe... but the style is perfect for what I know and my style.
Lo and behold your style is VERY close to what I do now. Just want to make a comment that your journal has been very helpful to me. Although I trade interday, the stocks i trade look a lot like what your good days look like. As such, I implemented the same stoch settings which I have never used before.
Also, have been starting demo trading futures. Will be attempting to combine some of my settings with yours and demotrade a few days this weekend.
Once again, thanks for everything. You have helped me more than you can imagine probably. It's difficult to describe... but the style is perfect for what I know and my style.
Price action combined with TL's, s/r levels, and pivots is king. I am seeing this more and more clearly everyday though I have so much to learn.
Up 600 just in the first hr of market open. Still on the Ninja simulator. I did 8 scalps on the ER... 4 winners, 3 losers, and 1 breakeven.
I want to post a chart of my trades but still trying to figure out if i can print screen a portion of my desktop. Gotta head out to work soon so i guess i'll figure it out after work today.
Anyhow, thanks so much Anekdoten and your journal. I am almost ready to go live with real money and take my trading to the next level!
Up 600 just in the first hr of market open. Still on the Ninja simulator. I did 8 scalps on the ER... 4 winners, 3 losers, and 1 breakeven.
I want to post a chart of my trades but still trying to figure out if i can print screen a portion of my desktop. Gotta head out to work soon so i guess i'll figure it out after work today.
Anyhow, thanks so much Anekdoten and your journal. I am almost ready to go live with real money and take my trading to the next level!
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