AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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I think the magic tick is:
When a trendline is broken or support or resistance is broken you can enter right away...........or if you want extra confirmation you can wait for the breakout bar to be taken out by 1 tick.......the "magic tick". This is a tip from the great Suri Dudella.
A lot of times you will see a breakout bar and then it will just end up being a dud or a trap. Amateurs will be attracted to it like flies to a cow patty, but not you my friend, you are a professional. You will patiently wait for the "magic tick".
Anek,
Have you applied your method to daily stock charts? I was looking at a few and they really don't seem to move like an intraday futures chart.
You don't really have the swings and the nice formations and the double tops, etc....(some do, but a lot more don't seem to)
Do you have to go down to hourly or a smaller timeframe charts?
Have you applied your method to daily stock charts? I was looking at a few and they really don't seem to move like an intraday futures chart.
You don't really have the swings and the nice formations and the double tops, etc....(some do, but a lot more don't seem to)
Do you have to go down to hourly or a smaller timeframe charts?
Quote from Anekdoten:
N,
When you see a bar closing above or below S or R stay alert but the signal will come when the bar's high or low is pushed by one tick. This is known as dual confirmation or as I like to call it, the magic tick
Credit to Suri Duddella.
Anek
Ha Anek,
Give some good examples of this specific Setup if you get a chance. Thanks a bundle for everything.
Also, Anek what do you think of Stealth Traders 3 Bar reversal set up as it applies to HH,HL LL,LH ?? He mentioned about it many moons ago earlier in this Thread, Thanks !
I'll second this question.
I only traded futures up through this year and then I discovered something interesting that I decided to try on stocks. I was quite surprised to find out that it works just as well if not better in stocks than in my bond futures.
So, with that in mind, does the AHG strategy work in stocks? FWIW, I found my specific bond futures method to work extraordinarily well in the heavily followed stocks, in particular any heavily followed Chinese stock like BIDU or Brazilian stock like RIO. I add the last sentence in the event that someone would like to experiment and start off on a possible right track from the beginning.
TIA,
John
Tell you what, since I've already done a considerable amount of work on this with my other method, if someone will point me to the page on this journal with the latest version of the rules, I'll code it and run it through my data mining software.
I'll report back the results based on my stable of solid performing stocks from the other method.
I'll report back the results based on my stable of solid performing stocks from the other method.
Quote from Anekdoten:
N,
When you see a bar closing above or below S or R stay alert but the signal will come when the bar's high or low is pushed by one tick. This is known as dual confirmation or as I like to call it, the magic tick
Credit to Suri Duddella.
Anek
A question please. In your experiences what are the chances of success with the 'magic tick' (example any rough % success/loss ratio)? The reason I asked is because support//resistance are usually zones and as for trendlines, they can differ slightly depending on software and the trader. Also, I have seen many times where the magic tick appear but it does not result in a true breakout. Just trying to understand here. Thanks
Your paintbars look good. Do you have the code for them? I have not had time to trade futures for awhile since I work most days.
Currently trading forex real money. I may dollar cost down once on a forex trade if my original stop is not hit. I have never tried dollar costing up. I may want to one day... Seems a good strategy and obviously what most retail traders don't do, which is probably why you succeed.
Psychologically, that is hard for me. Also, having more losers than winners would be also hard for me. Also, adding more contracts to a trade even though I have been profitable for over a year is very hard.
Currently, I have a 10% edge ie 60% wins 40% losers with losers just slightly higher dollar amts than winners.
Currently trading forex real money. I may dollar cost down once on a forex trade if my original stop is not hit. I have never tried dollar costing up. I may want to one day... Seems a good strategy and obviously what most retail traders don't do, which is probably why you succeed.
Psychologically, that is hard for me. Also, having more losers than winners would be also hard for me. Also, adding more contracts to a trade even though I have been profitable for over a year is very hard.
Currently, I have a 10% edge ie 60% wins 40% losers with losers just slightly higher dollar amts than winners.
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