AHG - Profitable Strategy for Struggling Traders

[Anekdoten]

Thank you for the stouts, you know who you are.

Problem is, now the ET police will think I'm a snake oil salesman and that I take payments via alcohol to disguise the oil.

Grazie amico

Anek

 

[Thunderdog]

Quote from Anekdoten:

T,

Assuming your method is not based on the secret "cold fusion" formula could you please talk a bit about your methodology ?

I would also like to enhance my trading

Anek

Well, judging by your performance, I doubt that there is anything you can learn from me that you don't already know (and then some). My method is somewhat more systematic and, therefore, less dynamic than yours. I prefer not to go into specifics but, in broad brush terms, I go long on higher lows and I go short on lower highs. The "cold fusion" part (abbreviated as "confusion") is in the specific entry and confirmation criteria.

 

[Anekdoten]

Quote from Thunderdog:

Well, judging by your performance, I doubt that there is anything you can learn from me that you don't already know (and then some). My method is somewhat more systematic and, therefore, less dynamic than yours. I prefer not to go into specifics but, in broad brush terms, I go long on higher lows and I go short on lower highs. The "cold fusion" part (abbreviated as "confusion") is in the specific entry and confirmation criteria.

Sounds like a good system to me

Anek

 

[Rtrader2525]

a little bit of trading knowledge i've learned, take your profit before they take it away from you

cheers

 

[disciplinetrade]

Hi Anek,

Are you moving to 233 tick charts from 1000 volume charts for NQ? What kind of advantage/disadvantage did you notice one has over the other?

Thanks
DT

 

[Anekdoten]

Quote from Rtrader2525:

a little bit of trading knowledge i've learned, take your profit before they take it away from you

cheers

Sounds good in principle but I prefer the greedy approach.

If the trend is solid and is backed by the anchor chart as to having room to keep on going for more, press it.

Small losses are one of your best assets if you can handle letting your winners ride.

I like to call strong downtrends panic and strong uptrends euphoria. When yo see signs of that, shoot for Dom Perignon.

Now, if the day is kind of choppy then ya quick profits are the way to go assuming you know what you are doing since I advice consistently in this journal that the chop is to be avoided.

Anek

 

[Anekdoten]

Time for enhancements from the community

We have a winning methodology in the journal. Topics like getting an edge by trading with the trend, using sound money management, requiring solid discipline and protecting capital are all covered here.

It's time to enhance AHG, nothing is perfect, AHG certainly is not therefore I welcome experienced traders to present any possible ideas that could be positive for the system and the readers.

Why ? Because there is always room for improvement and I think the journal needs new ideas that can be explored.

Heck, I could use a little homework as I'm always talking about the same thing.

Thanks in advance to any contributors.

Anek

 

[Anekdoten]

Quote from disciplinetrade:

Hi Anek,

Are you moving to 233 tick charts from 1000 volume charts for NQ? What kind of advantage/disadvantage did you notice one has over the other?

Thanks
DT

Very similar, no real preference.

Anek

 

[bmwhendrix]

A. I am not one of the "experienced" traders, but I would like to throw this out for comments. I have noticed (wow! I must be the first!) that taking the third hit on a trendline that follows the bottom of an uptrending channel (opposite for sells) often catches the entries that would otherwise be caught by reversal patterns. This simplified entry seems to catch a lot of beginning trends. Of course the third hit is the same as the 2nd higher low as you advocate establishing a trend. Just something that might help someone.

D.

 

[Anekdoten]

NQ Analysis for 11.06.07

Not much to say that is not already on the daily comments or the chart itself.

Kind of a part time day for me due to appointments.

Special Note: Between 12:55 and 14:00 you can see a very extended upside move. This is probably why that middle swing got taken. I'm referring to the spook area. Worth noticing that when the move is over extended an out of the ordinary retracement is possible. Noticing this after the fact.

Anek