AHG - Profitable Strategy for Struggling Traders

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Hi anek!

Welcome back, love the thread. I really feel like I have learned a lot from reading it. My question: is it possible to test your strategy at all? I find myself still not having the confidence MYSELF to believe in the system when I am executing it real time (even on the sim. I take the sim very seriously :) I was thinking maybe if I manually go through a week's worth of trading bar by bar and mark my entries, and then test different exit strategies for that group of trades and do this for a few weeks that might be a good approach? I just want to come up with something that I have the CONFIDENCE to execute time after time.

I know you have mentioned testing a few times and I'm not sure if you are just doing tradestation type tests or some kind of testing like the kind I'm talking about.

Also, I don't know about others following the thread, but I feel like I would benefit a lot if you marked your exits also as well as entries on your charts. That way I could go "hmm so this is where anek took profits with this kind of trade."

Oh well just my thoughts, thanks for any help!
 
Don't forget that, even with a mechanical system or very strict rules, there is allways the traders subjectivity.

This counts especially for exits imo.
 
I understand that. I guess the problem I have is that it's hard for me to have a plan for my exit, because I'm not sure which exit style is better. When I am in a trade I find myself asking, should I get out if price goes below the low of the last two bars, or should I switch over to HA bars and wait for a color change? Maybe I should just shoot for that next resistance point. I'm just trying to find a way to feel comfortable with some kind of exit methodology so that I am less unsure during the trade.

Edit: Not when I am in a trade, I know people will say "you plan the trade before you enter it" and I know that. What I mean is, even when I am planning the trade that is setting up, I don't know which exit to plan for, because I don't know which is most appropriate.
 
S,

I suppose it depends on the kind of play:

- Reversal Patterns (greedy targets)
- Channel scalps (logical targets)
- Trend scalps(logical targets)

Between price action and the market emotion lines it should not be too difficult at this point. Use trendlines at all times. When a trendline is not appropriate then you should not be in a trade to begin with as you should flee from the chop.

Before you fire the trade make sure you a target that surpasses the risk is doable. If it did not work then so be it but I'm trying to teach people here how to beat this game and this is done with small losses and well all kinds of winners, including home runs.

Do not let the misconception that greed can affect your trading. Fuck that, greed is good. Fear and stupidity are the ones you need to pay attention to.

When you are wrong, don't blink twice, when you are right, press it as much as you can.

Protect your capital and shoot for the moon, even if you must lose 2-3 times in a row before finally getting what you are after. If not today, tomorrow.

Here is a sample of me live trading on Friday..... examine my greed and you know what, I was not greedy enough.

(Anek) ES Double Bottom formation
(Anek) pullback buyable

(Anek) breakout out of the downtrend channel incoming

* Anek buys NQ 17.25
(Anek) NQ Resist 22, once broken, 24 (mid between Hod and Mid), 26.50 (Pivot) subsequent easy targets
(Anek) either that or stop out below uptrend line

* Anek sells NQ 5.25 at first target of 22 2nd 24 then 26

(Anek) come to papa 24
* Anek sells NQ 7.25 26 next target

(Anek) NQ 24 Meaningful Resistance, its mid point between HOD and MID, but Pivot above it, so hoping it breaks for the touch of daily pivot to collecto go $

* Anek buys NQ 21.50 (add)
(Anek) TL Support

* Anek sells @ final target of 26 for +9.00 and 5.50 on averaging up

Same thing I teach here.

Anek

PS: The following play corresponded to the last green circle on the chart.
 
Anek, Thank you for the charts and for the hard work.

Not long ago you told me you were going to check the 233 tick chart on NQ. What did you think ?

If a trader was a very patient person and wanted to master one setup, which one would it be ?

Thank you mate.

Daniel
 
D,

Right, forgot about the 233.

Attached please find a side by side comparison of both charts.

No personal preference, both look great for AHG and NQ.

As far as your one setup question, that is easy if you got exceptional patience and discipline.

Double Bottom/W formation after selling exhaustion at a meaningful support area backed by the anchor chart. If you are serious about mastering it study volume between the two legs, it will help.

Quite simply, the most powerful formation in pattern trading.

Anek
 

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Hi Anek,

Thanks for the trading log of Friday. I appreciate it. I see your comment ES formed double bottom and then you buy NQ 17.25. I think ES formed DB around 3:12 EST and around same time NQ started to reverse to go up. So, do you use the ES double bottom setup information as a sign to look for possible NQ reversal?

How much of correlation do you think is there between ES and NQ, or like ER2/YM and NQ. And how do you use the correlation to trade NQ.

Thanks
DT
 
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