AHG - Profitable Strategy for Struggling Traders

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Quote from Anekdoten:
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 :D
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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I hear ya brother! :D
 
Quote from Anekdoten:

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
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I understand your point. Out of curiosity, have you ever considered a sub-one-minute chart, say, a 15- or 30-second chart? Would that not also provide more info than a 1-minute chart? Of course, I'm not asking that you change your approach. (Why fix something that ain't broke?) Rather, I'm just trying to better understand your preference for an activity interval chart as compared to a time interval chart.
 
Quote from Thunderdog:

I understand your point. Out of curiosity, have you ever considered a sub-one-minute chart, say, a 15- or 30-second chart? Would that not also provide more info than a 1-minute chart? Of course, I'm not asking that you change your approach. (Why fix something that ain't broke?) Rather, I'm just trying to better understand your preference for an activity interval chart as compared to a time interval chart.
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T,

I have unfortunately my charting software of choice does not have them, it has been a request for so long by many TS users.

15 sec would be very nice

Anek
 
Quote from Thunderdog:

I understand your point. Out of curiosity, have you ever considered a sub-one-minute chart, say, a 15- or 30-second chart? Would that not also provide more info than a 1-minute chart? Of course, I'm not asking that you change your approach. (Why fix something that ain't broke?) Rather, I'm just trying to better understand your preference for an activity interval chart as compared to a time interval chart.
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If you really are "trying to better understand Aneke's preference for an activity interval chart as compared to a time interval chart":

a) give this thread a good read over

Volume, Range and Tick Charts

b) setup the charts according to the parameters that Prof Logic gives very early in the thread.

c) watch the price action during RTH every day for a period of no less than 3 months

d) review the charts every weekend for at least oh, 10 hours, and preferably, 20 hours for the entire weekend.

At some point, you will begin to remember every trade that setup for the previous week and what its outcome was. When you see that same setup again, you will take that trade ... and it will fail.

You will then continue to take that trade for the next 100 setups, and depending on how good you've done your homework/how perceptive you are/how talented you are/ anywhere from 70 to 80+ of those trades will be profitable.

Good trading,

Jimmy Jam

P.S. That message isn't so much posted to Thunderdog as it is to all the followers who say they want to learn how to trade ... at this point, the knowledge is all there.
 
Quote from einstein:

Anek: A continuing problem for me is deciding what to do in the following scenario: I see what I think is downtrend (2LL/2LH) but when I get my nose away from the screen it's obvious that it still qualifies as a retracement in a longer term uptrend (usually a longer 123 pattern where the low point still hasn't broken the 62% fib of the longer 123)

I realize that the longer term pattern predominates over the shorter term pattern, but that aside, any tips as how to follow and trade this type of scenario which occurs repeatedly throughout the day. Thanks for any assistance you can provide
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Has there been any comments to the above observation. I get trapped all the time.
 
Quote from Anekdoten:

T,

I have unfortunately my charting software of choice does not have them, it has been a request for so long by many TS users.

15 sec would be very nice

Anek
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I personally don't find them to be very useful, but here you go.

Good trading,

JJ
 

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Quote from osho67:

Has there been any comments to the above observation. I get trapped all the time.
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You have to use a filter through which you can view price action.

Some traders use:

a) higher time frame
b) moving averages
c) other comfirming indice or indicators

Experiment, see what what works for you. Do the homework every weekend until you are getting the results you want.

Good trading,

JJ
 
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