AHG - Profitable Strategy for Struggling Traders

Anekdoten · Oct 10, 2007

Ok as explained yesteday I'll be missing in action until further notice.

I'm sure the more experienced journal readers can help the newbies with general questions.

Good trading.

Anek

c.profitt · Oct 10, 2007

With Aneks LOD D/B failure strategy do you just get out of your position or actually reverse your position and take the opposite side

c.profitt · Oct 10, 2007

To anyone who can answer: Is it considered an trend if the second high is the exact price level as the previous high or does it acually have to break above the previous high and you do have to higher lows?

TrendPro · Oct 10, 2007

Quote from c.profitt:

With Aneks LOD D/B failure strategy do you just get out of your position or actually reverse your position and take the opposite side

I think your looking at two separate trades. The exit at stop loss somewhere in the middle of the W, then the potential entry short on the overall pattern failure likely below the failed support level where original W tried to form... with the exact short entry dependent on where the next lower high set's up or as weak (bright red) bars form as support fails.

TrendPro · Oct 10, 2007

Quote from c.profitt:

To anyone who can answer: Is it considered an trend if the second high is the exact price level as the previous high or does it acually have to break above the previous high and you do have to higher lows?

Equal highs is the definition of a double top

An obvious exception that comes to mind is that of an ascending triangle...in which case you would see the equal highs and higher lows as price narrows into the triangle apex.

Razor · Oct 10, 2007

Hi,

Net Loss -$378, bit of a rough day.....did three add trades where I was up between $80 and $135 on all three only to have them come back to roughly breakeven. Still getting the hang of when to add, when to scalp out and when to just take a normal win. Anyway, tomorrow is another day.

Took a small loss trading AAPL.

Cheers

c.profitt · Oct 10, 2007

Quote from TrendPro:

Equal highs is the definition of a double top

An obvious exception that comes to mind is that of an ascending triangle...in which case you would see the equal highs and higher lows as price narrows into the triangle apex.

Would that mean if those two highs were taken out by a new high it would be a considered a trend?

c.profitt · Oct 10, 2007

Quote from TrendPro:

I think your looking at two separate trades. The exit at stop loss somewhere in the middle of the W, then the potential entry short on the overall pattern failure likely below the failed support level where original W tried to form... with the exact short entry dependent on where the next lower high set's up or as weak (bright red) bars form as support fails.

Thank you. That helps

Cxinvest · Oct 10, 2007

Quote from Razor:

Hi,

Net Loss -$378, bit of a rough day.....did three add trades where I was up between $80 and $135 on all three only to have them come back to roughly breakeven. Still getting the hang of when to add, when to scalp out and when to just take a normal win. Anyway, tomorrow is another day.

Took a small loss trading AAPL.

Cheers

Post a chart Raz. See if we can figure out what happened.

~Cx

Razor · Oct 10, 2007

Hey,

Maybe later....have to head out to a meeting.

Cheers

Quote from Cxinvest:

Post a chart Raz. See if we can figure out what happened.

~Cx