This is an excerpt from your post on the first page of this thread. Could you please expand on this point?
AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Short...
I waited for the tl to break before entry, however it has not gone far, out of it now.
Thanks
Someone asked me why I exited at 2200 area.
Round number, always keep your eyes on these areas 2000-2100-2200 etc.
The mkt is made of people and people keep track of these numbers
I've been tradin Ym for a few years just using round numbers, they are usually good for a 5-10 points scalp 13500-13550-13600...
I think Vic uses a lot of round numbers in his trading. I have noticed this to be the case as well...
Also something to note on your chart is the channel touch.
Out of the short. Thought we would get a break down with some weird selling I saw. (price would spike down on blocks) Plus, continuation hammer on the 1000 V chart.
I think there's going to be on opportunity to long in a few, but im doe for the day.
For tomorrow, need to work on not rushing setups and waiting for r/w to be something I like and be more selective in terms of setups. Lastly, when a trend emerges, I've got to let it run.
Another easy day.
Easy short based on double top with complete confirmation.
Easy long based on W formation with complete confirmation.
The short I got good.
The long I missed due to dentist appointment and he kicked my butt.
Attached 610 tick chart for ref but the long at zoom in level say 233 had a W formation reversal.
Would love to keep the money rolling but I'm not fit to daytrade as I'm drugged in pain and in a punch walls kind of mood. Not sure what's worse Dentist appointment or prostate check, tough choice.
Anek
Easy short based on double top with complete confirmation.
Easy long based on W formation with complete confirmation.
The short I got good.
The long I missed due to dentist appointment and he kicked my butt.
Attached 610 tick chart for ref but the long at zoom in level say 233 had a W formation reversal.
Would love to keep the money rolling but I'm not fit to daytrade as I'm drugged in pain and in a punch walls kind of mood. Not sure what's worse Dentist appointment or prostate check, tough choice.
Anek
Thunder,
A whole lot of things can happen in say a 1 minute bar, especially if the bar happens to be very long.
When using tick or volume bars especially a small size you can dissect this info and draw patterns of support and resistance compared to the longbar where I just have open close high and low. That to me is little info, I need more, I need to see what happened inside that bar. Which were the points of interest, the points of buying, selling, where the real pressure occurred. The more info the better.
In the end, it's a matter of choice. Nevertheless, I'm a much better trader when using tick/volume charts so if you cannot see the advantage I guess there really is no reason to switch. To me it's the difference between night and day.
Hope it helps.
Anek
Quote from low_hcp_golfer:
LOL still a nice trade kid. fwiw, i bailed at the same price....i get an itchy trigger finger when i see 10 points profit!
If you get itchy fingers in +10 when will ever get +20 +30 ?
You get out when price action says so at least if you want to do AHG
Now if you are content with +10 that's one thing but I prefer to get out when price says so not when my mind or heart thinks so.
Anek
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