AHG - Profitable Strategy for Struggling Traders

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Quote from Anekdoten:

D,

Sure and I'll post the live commentary.

15:53 * Anek buys NQ 71.25 (crazy swing long)

15:54 Anek Playing the bounce on the multi day triangle

15:55 Anek Basically if Im wrong, small loss, if Im on the right side could be a potentially monstrous play

16:45 * Anek sells NQ 92.00 from 71.25 for +20.75 half position out stop to BE + 5.00

Stout time my friend.

Anek
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I just HAD to post this :)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1644139>
 

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Kid,

For patterns and good risk vs reward plays you need volatility today was a very dull day, albeit very much expected.

We had three trending days in a row, that's the exception not the rule.

As soon as you see swings lasting minor points and trend changing back and forth like some bisexual without a clue, then you know it's time to sit on your hands.

Anek
 
J,

Woa is that chart like that or are the stouts making it look psychodelic! :D

Good call bud, I saw that one coming around noon today but wanted see the LOD hold first, and hold it did.

Anek
 
Blue,

Read a post above where I describe how to call the chop. One reminder, I had some minor losses today, sometime it's inevitable and you can tell only after it's happening.

Here are a few tips:

- On the big charts, is price trapped and congested?

- Any triangles around ?

- Any rectangles ?

- Is the market clear on the current direction ?

- The daily range is it tight ? as in narrow ranged day.

- Was the previous day range a wide one ?

- Are immediate trends changing every 30 min ?

- Are all the Market E-motions lines crossed like if it's no mans land ? good example today was NQ

Hope it helps.

Anek
 
Quote from Anekdoten:

Kid,

For patterns and good risk vs reward plays you need volatility today was a very dull day, albeit very much expected.

We had three trending days in a row, that's the exception not the rule.

As soon as you see swings lasting minor points and trend changing back and forth like some bisexual without a clue, then you know it's time to sit on your hands.

Anek
More...

But... there is a way to trade them as after all it is a trend, just on a smaller time frame.

Is this smaller time frame just not worth the points per click for you?
 
Quote from kidPWRtrader:

But... there is a way to trade them as after all it is a trend, just on a smaller time frame.

Is this smaller time frame just not worth the points per click for you?
More...


Depends on the risk and reward, possibly your #1 question before you pull the trigger.

Remember, there is a little something call commission we must beat time after time.

When I take an NQ play I usually look for a target of 3-4 points minimum, anything less and I'm not interested.

Unless of course you are talking ultra scalping and that's another discussion all together.

Anek
 
Gotcha. Just wondering. That's not really what I should be focusing on right now anyways and probably the same for most people in the journal.

As always, thanks for encouraging (and not punishing) curiosity.
 
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