AHG - Profitable Strategy for Struggling Traders

[gohstrader]

Quote from osho67:

Any guidance how I can put fib lines in QT?I have tried but cant find. Thanks

QT probably supports paint bars but I donot know how to use them . Some help there also much appreciated.

all you have to do in QT is draw a normal trend line from your points that you want to use for Fibs.

Next-Right Click directly on the trendline and choose "Set Fibonnaci re-tracements. You can also choose to extend them.

Lastly--If you only want certain Fib levels to show on your charts then go to Options then Edit Preferences then Charts then Fibonnacci and check off the levels you want.

Hope this helps

-GT

 

[osho67]

Quote from gohstrader:

all you have to do in QT is draw a normal trend line from your points that you want to use for Fibs.

Next-Right Click directly on the trendline and choose "Set Fibonnaci re-tracements. You can also choose to extend them.

Lastly--If you only want certain Fib levels to show on your charts then go to Options then Edit Preferences then Charts then Fibonnacci and check off the levels you want.

Hope this helps

-GT

Thanks so much GT.

 

[billdobson1972]

hi QT user there,

need some help..i want to learn and automate my trading using IB and QT. can you please point me to some links to read some stuff on various ways i can program..it would be get if i can get hands on some examples also...i am new to this but not new to programming as thats my bread and butter...

 

[babe714]

Quote from gohstrader:

all you have to do in QT is draw a normal trend line from your points that you want to use for Fibs.

Next-Right Click directly on the trendline and choose "Set Fibonnaci re-tracements. You can also choose to extend them.

Lastly--If you only want certain Fib levels to show on your charts then go to Options then Edit Preferences then Charts then Fibonnacci and check off the levels you want.

Hope this helps

-GT

Seems like should be able to put some of those lines on automatic in QT
select indicators> horiz lines > daily high , high+low/2 , daily low
can't seem to get it to work though

 

[kidPWRtrader]

Absolutetly horrible performance by me today. Ended up just negative with commissions. Way overtrading. I knew I shouldnt have traded today because of other stuff on my mind... o well.

 

[bluedemon77]

Quote from kidPWRtrader:

Absolutetly horrible performance by me today. Ended up just negative with commissions. Way overtrading. I knew I shouldnt have traded today because of other stuff on my mind... o well.

Don't feel like the Lone Ranger. It's easy to see now that there was a long-term downtrend today, but when it was jinking around I kept getting sucked into thinking a new trend was starting, i.e. higher highs, higher lows, then it suddenly reversed. I bailed out of a short position a few times because of that and then the market ended up going in the right direction. Lots of fast moves today, I guess because of program trading.

The dumbest thing I did today was try to adapt to the trading environment instead of just staying out. I'm out a couple hundred bucks, which is basically all I made yesterday. Very demoralizing. I'm sick.

 

[smilingsynic]

Quote from kidPWRtrader:

Absolutetly horrible performance by me today. Ended up just negative with commissions. Way overtrading. I knew I shouldnt have traded today because of other stuff on my mind... o well.

This afternoon has been choppy, with false breakouts and other kinds of fakeouts. Anekdoten's method does not work as well in this kind of market than it does it strongly trending markets. He has been clear about that in this journal.

"Just negative" sounds about right. Don't be too hard on yourself. Sometimes the well is dry, and there isn't much to be tapped.

 

[Cxinvest]

Afternoon was nasty. I think being "slightly negative" for the day is a good thing.

~Cx

 

[JSSPMK]

Been holding a long trade more than 8 hours today, when it failed to make a break and retraced bought some puts to hedge. Looking for a bounce and a strong breakout to all time highs

 

[Anekdoten]

Nasty choppy day.

That's what the anchor chart is for, at least in NQ, check how it is trapped inside a big symmetric triangle, unless those ends are broken it's going to jump up and down silly.

When NQ was flirting with the lows in the afternoon with no real follow through I got confirmation that it was not the right day to break the trendline holding the bottom of the triangle so I bought it aggressively and made up for the two minor losses I had in the morning and managed to close the play with a very nice gain. Once again, why an anchor chart is helpful. Must always be in touch with the big picture. This market is not yet ready to decide. Perhaps tomorrow with all the plethora of economic data plus earnings it finally does. Speaking of earnings, nice to see INTC beat by a penny, no real fan but friend works there so thought I would cheer for him since he's got investments in it

Was a light trading day for me, four trades total due to the more than obvious chop.

Two minor losses
One break even
One homerun fading the lows as explained above.

Tomorrow should be more decisive.

Then at the eod I decided to buy NQ at the low of the triangle as a swing because of the risk vs reward i saw.

....and kaboom +20 instant points, can't complain with that. Definitely, stout time.

Anek