AHG - Profitable Strategy for Struggling Traders

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Quote from jack411:

Is this in hindsight, or are these the trades you made today?

If these were your trades great job! You nailed it today man!
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They were made in real-time jack, but today was paper for me. Too many distractions today.

~Cx
 
Quote from Avgdownking:

Anek,

My money management of choice is averaging down although not necessarily on direction how can I implement this with AHG ?Thank you, great thread.

Avg Down King
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You cannot.

This is a winning strategy yours is a losing one.

Sorry to be blunt but averaging down is only for losers and losers alone.

The quicker you convince yourself of this the better.

Stay away from it at all cost it's the fucking plague.

Hope that was crystal clear.

Anek
 
Thanks Anek for the today's NQ chart. What do the colors of your entry/exits signify?

Green ellipse - Initial entry or Adding more to existing position.
White Ellipse - Scale out of existing Position
Yellow Ellipse - Not sure what yellow means


Thanks
DisciplineTrader
 
Quote from disciplinetrade:

Thanks Anek for the today's NQ chart. What do the colors of your entry/exits signify?

Green ellipse - Initial entry or Adding more to existing position.
White Ellipse - Scale out of existing Position
Yellow Ellipse - Not sure what yellow means


Thanks
DisciplineTrader
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D,

Sometimes I can be a little inconsistent regarding the colors i choose for the illustrations so I apologize for that.

In this case, yellow is a swing point to watch out for, particularly inside Ms and Ws and so forth.

Hope it helps.

Anek
 
This is a question for anybody who cares to answer. I was still a little foggy on this point after re-reading:

Let's say you have:
-Double Bottom in a downtrend
-Swing high is passed which can trigger a long entry.

Would the the trend now be considered an uptrend, or still a downtrend?

Would we want to sell the long position and go short if there is a strong down bar?

From what I've read my guess is that if the double-bottom is the low-of-day that we would still be in a downtrend until a 2nd higher high and higher low.

If not low-of-day then consider it an uptrend. I'm probably wrong.
 
Quote from macattack:

This is a question for anybody who cares to answer. I was still a little foggy on this point after re-reading:

Let's say you have:
-Double Bottom in a downtrend
-Swing high is passed which can trigger a long entry.

Would the the trend now be considered an uptrend, or still a downtrend?

Would we want to sell the long position and go short if there is a strong down bar?

From what I've read my guess is that if the double-bottom is the low-of-day that we would still be in a downtrend until a 2nd higher high and higher low.

If not low-of-day then consider it an uptrend. I'm probably wrong.
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Today I took a non LOD DB as a long in a downtrend and took a nasty stop the swing confirmation is usually pretty good.

Nothing works all the time, obviously, but the big losses I never forget, this one I wont.

Looking back at the play, i think i played it like a reversal, got greedy and failed.

Will start paying more attention and modify the rules as necessary.

We never stop learning in trading that's for sure.

Anek
 
Quote from macattack:

This is a question for anybody who cares to answer. I was still a little foggy on this point after re-reading:

Let's say you have:
-Double Bottom in a downtrend
-Swing high is passed which can trigger a long entry.

Would the the trend now be considered an uptrend, or still a downtrend?

Would we want to sell the long position and go short if there is a strong down bar?

From what I've read my guess is that if the double-bottom is the low-of-day that we would still be in a downtrend until a 2nd higher high and higher low.

If not low-of-day then consider it an uptrend. I'm probably wrong.
More...


In regards to your first question, I don't believe it is what you would call your 'classic uptrend'... more like the potential birth of one.

As far as your question about shorting on a strong down bar you got me confused. Are you asking if a short position should be taken on the first strong down bar that occurs once the double bottom is confirmed and intact above its middle swing??

~Cx
 
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