AHG - Profitable Strategy for Struggling Traders

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Quote from osho67:

JJ

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


This is too much to do. Where is the KISS principle?
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You must know the setups on a subconcious level, if you're thinking about the trade, you're a step behind.

At some point you will remember every trade that setup over the past week, when that happens you know you're making progress, because it's going to be very easy for you to see the trades as they are setting up in the future (1) ... :)

Good trading,

JJ

Note:
(1) There is no future perse (at least looking at experience from this level of conciousness), there is always the present. As you change your conciousness and develop the ability to perceive trades as they are setting up in the present you will trade more and more effortlessly.
 
Quote from rverheyen:

Took those same trades kid...
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Looking back at it, the first trade is still valid but the second one... the down candle wasn't really strong at all. And we had made a higher high already so it was already suspect whether we would get another powerful leg down as before.
 
Quote from Anekdoten:

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
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Isn't the small W counter trend completely? We had a pretty powerful down trend so the risk to reward (even though the W semi worked) was still on the short side, no?

Any reason why you referenced the tick chart vs. volume?
 
Quote from kidPWRtrader:

Isn't the small W counter trend completely? We had a pretty powerful down trend so the risk to reward (even though the W semi worked) was still on the short side, no?

Any reason why you referenced the tick chart vs. volume?
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Counter trend, not so sure. More like trend reversal, once you get confirmation it is no longer counter trend in my book but the birth of a new trend otherwise known as the holy grail.

Anek
 
Quote from Anekdoten:

Oops, missed the chart, think Kid's syndrome is contagious :)

Anek
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Lol think of the disability I have in trying to trade. I can't even attach an image and I'm fighting to make a living in the world's most competitive job.

You think I can set up a handicap with my brokerage? Something like I get the first 2 points for free?

By the way... check out the second hammer in that chart in the last long setup that closed green. This is NihabaAshi's setup, but, taking these candles and setting a limit in the top 50-75% gets you in with good r/w and works pretty well when you define the trend beforehand.
 
JJ

I am losing my heart. I will never be able to get this expertise


Note:
(1) There is no future perse (at least looking at experience from this level of conciousness), there is always the present. As you change your conciousness and develop the ability to perceive trades as they are setting up in the present you will trade more and more effortlessly.
 
Quote from kidPWRtrader:

Looking back at it, the first trade is still valid but the second one... the down candle wasn't really strong at all. And we had made a higher high already so it was already suspect whether we would get another powerful leg down as before.
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Agreed, If that TL was broken it was different but now it was not a good trade.

Still on learning mode. And that I did today.

Took a lot of hits and I'm down big. Not (yet) an easy day for me ;)
 
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