AHG - Profitable Strategy for Struggling Traders

[rverheyen]

Quote from daniel33:

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

I think mastering one setup should be your first goal. But then add another, master it again. Next...

 

[bmwhendrix]

A. For what it's worth. This is my current attempt at a synthetic trendline break indicator. Just playing with programming thoughts, not suggesting using indicators. Looks similar to ANEC bars.

 

[einstein]

Anek: I am new to trading but reading this thread over a few times has been enlightening, to say the least. Hope you don't mind a few noobie questions.

For trading ES would u suggest 5000 or 10000 vol?

In a strong uptrend when the retrace is shallow (less than 50% fib) do u recommend entering on a close and a "magic tick" above the last HH meaning with a break of former resistance now becoming support?

Let me add my thanks to the hundreds of others who follow your great work.

 

[Anekdoten]

Quote from macattack:

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?

It pretty much works on any instrument as long as it's trendy.

Some equities are more erratic than others is up to you to find what's appropriate. Have not daytraded Equities in a long time so could not tell you what's hot now.

Anek

 

[Anekdoten]

Quote from discrat:

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 !

Discrat,

Sure, rectangle formation with evident S and R. When price breaks out, don't just trust a closing bar, look for a higher tick to come afterwards so you avoid the typical first wave fake.

Better if the play is with the trend that preceded the rectangle.

Anek

 

[Anekdoten]

Quote from johnpinochet:

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

A chart is a chart, works good if the instrument is trending.

Anek

 

[Anekdoten]

Quote from billp:

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

The magic tick is mostly used to confirm entries on patterns. It can be used as reference on trendline breaks but the real gold comes in patterns.

It's purpose is to increase accuracy and avoid a first wave fakeout. Nothing works all the time the sooner one accepts this the more relaxed you will trade.

Anek

 

[Anekdoten]

Quote from oraclewizard77:

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.

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.

The paintbars at the moment are nowhere near as efficient as I would like them to be. Better than Moving Averages and Heikin Ashi but not good enough to distract concentration from price action itself. If they ever become an asset I will share them for free otherwise to the trash can.

Yes, psychologically it is hard but if you are looking for a high accuracy big winner small losing system I cannot give it to you. I still lose multiple times a day, just small. It does not bother me, it's part of how this stuff works.

Three,four,five losers who cares, when I really catch the ball they become a thing of the past.

Why do you think the failing percentage is so high in daytrading ?

Some might say lack of edge, some bad money management, etc etc.

Predominantly I think it's the very same psychology barrier you speak off.

Traders have absolutely no problem allowing losses to become bigger, possibly because they have to be right or cant' handle a small drawdown (what a concept) but as soon as something runs their way they are quick on the trigger to take profits and that's no way to beat this game.

Anek

 

[Anekdoten]

Quote from rverheyen:

I think mastering one setup should be your first goal. But then add another, master it again. Next...

Ya that's a great approach.

Just don't overdo it, 3-5 setups at the most and you are good to go.

Anek

 

[Anekdoten]

Quote from bmwhendrix:

A. For what it's worth. This is my current attempt at a synthetic trendline break indicator. Just playing with programming thoughts, not suggesting using indicators. Looks similar to ANEC bars.

What's the concept behind it ?

Hope it's not a moving average or I will throw you to the lions

Anek