AHG - Profitable Strategy for Struggling Traders

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What an amazing morning. Double top failed so market reacted by helping the NQ fill the big gap. Has not happened yet but it will.

I don't believe in daily targets and quitting while ahead because I believe in myself and my discipline ie no good setups no trade, no trend, no trade but the morning has been optimal and I'm going to load my iPod with some new MP3s and hit the beach in anticipation of possible chop due to morning big move. Could be right could be wrong but beach sounds great at this point.

Anek
 
Quote from Anekdoten:

What an amazing morning. Double top failed so market reacted by helping the NQ fill the big gap. Has not happened yet but it will.

I don't believe in daily targets and quitting while ahead because I believe in myself and my discipline ie no good setups no trade, no trend, no trade but the morning has been optimal and I'm going to load my iPod with some new MP3s and hit the beach in anticipation of possible chop due to morning big move. Could be right could be wrong but beach sounds great at this point.

Anek
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which beach?
 
Hi Anek,

Took the double top and shorted and took painful stop. Magic tick is so powerful should have checked for it.

Anek,.near the open was it a W formation in NQ you think? For some reason could'nt see it. Where did you enter near the open?

Thanks
DT
 
Quote from disciplinetrade:

Hi Anek,

Took the double top and shorted and took painful stop. Magic tick is so powerful should have checked for it.

Anek,.near the open was it a W formation in NQ you think? For some reason could'nt see it. Where did you enter near the open?

Thanks
DT
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D,

Should have waited for that tick, it's not infallible but it's very good extra confirm.

Ya the NQ morning was definitely a rejection of the sell off represented by a W. Tip, use minute bars and examine the volume on those two legs, see if you can notice the exhaustion.

Also if you remember my week analysis chart that is where the W formed around the big trendline. In the entry chart a W in the big chart a hammer, for more clarity you would need to add water :D

Anek
 

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Thanks Anek for the reply. I appreciate it. Learning from my mistakes.


Yes,will be using a 1 min chart to monitor volume. But was the NQ "W" in the morning on 1000 vol. chart? Sorry, if I am asking the same W question.


Thanks
DT
 
Quote from disciplinetrade:

Thanks Anek for the reply. I appreciate it. Learning from my mistakes.


Yes,will be using a 1 min chart to monitor volume. But was the NQ "W" in the morning on 1000 vol. chart? Sorry, if I am asking the same W question.


Thanks
DT
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D,

Yes the W was visible in 1000 volume bars 233 tick charts and several other entry charts of choice.

Anek
 
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