AHG - Profitable Strategy for Struggling Traders

[Anekdoten]

ES Morning

Calling it day, not trading the afternoon.

As Daniel pointed yesterday, price has a tendency to jump from one key area to the next without much problems. The real observation should be done when it is actually *at* a key area.

Some people use Pivots I like to be more precise and use support and resistance areas instead.

Anek

 

[Anekdoten]

Xcel,

Glad to hear that.

Start very slow and don't forget to work on the "Spotting the chop" skill, it will serve you well.

It's no joke that sometimes the best trade is no trade at all.

Anek

 

[xcel454]

Anek,

I know what you mean when you talk about sitting on your hands. In about 1 hr I did 8 scalps doing 1 and 2 lots, which is probably the number of trades people do in a whole day. Looking back, I know that 2 of my trades today were "undisciplined" trades.

Hand sitting is still a work in progress in this game for me.

 

[thesniper]

What does AHG stand for?

 

[low_hcp_golfer]

Quote from thesniper:

What does AHG stand for?

Go here and read:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=99283&perpage=6&pagenumber=1

 

[Cxinvest]

Quote from Anekdoten:

ES Morning

Calling it day, not trading the afternoon.

As Daniel pointed yesterday, price has a tendency to jump from one key area to the next without much problems. The real observation should be done when it is actually *at* a key area.

Some people use Pivots I like to be more precise and use support and resistance areas instead.

Anek

The quote box in the top right that states "Once again, not when last high was lower" -- not when is referring to what? Vague.

~Cx

 

[low_hcp_golfer]

Quote from Cxinvest:

The quote box in the top right that states "Once again, not when last high was lower" -- not when is referring to what? Vague.

~Cx

Cx,
I believe Anek meant "Once again, as you've already been taught, not when last high was lower".
That's how I took it.

Edit: the "not when" meant don't buy again even though we were still above the TL because the last high was lower.

 

[Anekdoten]

Quote from low_hcp_golfer:

Cx,
I believe Anek meant "Once again, as you've already been taught, not when last high was lower".
That's how I took it.

Edit: the "not when" meant don't buy again even though we were still above the TL because the last high was lower.

Yep, vague my ass

Anek

 

[Cxinvest]

Quote from low_hcp_golfer:

Cx,
I believe Anek meant "Once again, as you've already been taught, not when last high was lower".
That's how I took it.

Edit: the "not when" meant don't buy again even though we were still above the TL because the last high was lower.

Yea, so just re-instating the obvious I guess.

~Cx

 

[xiaodre]

Triangle setting up...

EDIT: this is on the YM (why I am back to it, I dunno...comfort?)