AHG - Profitable Strategy for Struggling Traders

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Quote from 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.
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B,

Could you please provide a sample via charts ?

After pain killers and stouts to enhance the effect I have no idea what you are talking about :D but I'm sure its not you, just me.

Anek
 
I didn't mean to if I did. it seems that often, say in a down trend, the trend may be so strong that the price never makes it back to the trendline, if the 3rd hit is all you played you would miss those. However, there is a reverse 3 pt hit that does signal a reversal. That is when at the 3 rd point, the price breaks the trendline and pulls back to make the "hit" from the other side, which seems to be a playable reversal pattern, often part of the generally accepted patterns. FWIW.

D.
 
B,

Interesting, I will start paying attention to this.

I'm so out of it, I had to instant message a friend in Yahoo so he could explain to me what you were saying.

If this proves to be fruitful you will get credit for the first AHG enhancement :D

Anek
 
Quote from Anekdoten:

Sounds great but scares me when a newcomer makes money the first day. Something that can be counterproductive because it can develop overconfidence something that can be extremely dangerous. Even at my level I still get reminded that the market holds my balls in a pedestal.

Remember, a choppy day will take your money, today was optimal for trading, nevertheless I congratulate you on your winnings and wish you the best in your journey.

Last but not least make sure your car size remains at 1 until you see consistent profitability.

Anek
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Believe me...I have had my ass handed to me many times when I got too cocky with trading stocks...I started out as a newbie and doubled my account in 6 months. I got over-confident and reckless and almost wiped out my account over the next 3 months. I didn't use stops and traded after hours, etc. I am now in the over safe mode and having a hard time letting my winners run.

Thanks for the warning and encouragement...and definitely 1 car for 6 months as you say.
 
Quote from 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
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OK, here's a thought. Does anyone here look for confirmation or comfort in another index to support a setup or signal in the index you are trading?
 
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