AHG - Profitable Strategy for Struggling Traders

[JimmyJam]

Quote from Thunderdog:

JJ,

Please don't assume that I don't know how to trade. I am not in the market to learn anyone's system or method in its entirety. I have my own. However, that does not preclude my interest in the rationale behind certain choices on the part of others. Such insights can occasionally improve my own method. Therefore, when I ask a question, please try not to read more into it than what I asked. You have already done this before. Please don't do it again. Thank you.

Thunderdog, I never assumed that you don't know how to trade. To the contrary, I would think that someone who makes such as intelligent posts as yourself would be a pretty good trader.

My post was for the followers of the thread who might be trying to figure out up from down and how to find it, hence the "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. ". It was used to generate discussion from the other traders, and in that respect, I would say it was successful, and hopefully someone would have benefited from the fact that if you don't put in the time, you won't get the results.

In regards to know Aneke's money management algorithm one would need to know how he trades to employ it effectively.

I'll be sure to "not to ready too much into your posts" in the future, however, you do ask the most interesting questions, and they do represent good starting off points for more discussion about the intricacies of trading the e-mini financials.

For instance ...

 

[JimmyJam]

... this little diddy right here.

Quote from Thunderdog:

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?

The answer to the question lies in understanding how the e-mini financial indices are constructed, what makes them trend, and what makes them chop.

For that purpose, anyone who wants to know the answer to that question would be wise to pull-up the Advancers/Decliners on their screen, observe the price action of the e-minis in relationship to it, take notes and draw their own conclusions (and remember to put your time in on the weekends when the markets are closed ).

Now, hopefully that response won't generate too much of the bad karma, but more of the good.

Good trading,

JJ

 

[version77]

Quote from JtraderK8:

Hey Anek,

How about a shot of your NQ trades this afternoon? I would love to compare notes.

I'm pretty sure TradeStation has a function where it will actually
plot out your entries you took that day right on the chart.

 

[osho67]

Quote from Anekdoten:

What is your screen time experience like ?

I logged tens of thousands of hours to reach profitability.

Considering I'm not so bright say you require half of that.

Have you reached that point ?

Anek

Thanks Anek

First thing you are very bright.

My screen time is 5 hrs per day for last 3 years = 5475 hrs.

 

[osho67]

Quote from JSSPMK:

When I used to do wrestling I remember there was this guy who had perfected one specific type of throw, he would do it whilst on his knees, standing up, he could even do it whilst on his arse. I also remember how frustrated other wrestlers used to get with that fella, they knew his strong point (that 1 throw), though failed to see it coming, he was just damn excellent at it, robotic.

I also remember him in training, he would work & work & work on that 1 throw for 2-3 hours per training session minimum.

Do not mix commitment with complexity ImO.

Jim was right and Anek of course is right you need hundreds and hundreds of both real-time & EOD chart analyses to get to a stage when pattern recognition of just 1 pattern becomes almost automated.

Thanks so much for your encouraging post

Unfortunately I am 77 and I havnt got all the time so I am trying to rush to make some money.

 

[princessa]

i thought this thread had gone by the wayside. good to see it still up and running...good job, anek. nice thread.

 

[kinggyppo]

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

I have found pivot points very useful for equities and indexes. It is almost magical how price will stop and reverse at pivot points. They also help you know where certain levels are. I use them every day.

Here is a chart of spy which will open in 20 minutes. Guess when the orange line which is the pivot (high, low. close/3) will get hit. They are somewhat predictive in that they let you know how the market trades in terms of these points or sentiment. The market will open lower but will it trade back thru this pivot point, etc.

chart spy

 

[Thunderdog]

Quote from JimmyJam:

...I'll be sure to "not to ready too much into your posts" in the future, however, you do ask the most interesting questions, and they do represent good starting off points for more discussion about the intricacies of trading the e-mini financials...

Thanks for the kind words, and sorry for the misunderstanding.

 

[kinggyppo]

Coffee and music, have a good week all.

http://www.youtube.com/watch?v=vQu91gvb0CY

 

[Anekdoten]

NQ LOD = Multi Day TL test

That's where the double bottom formed.

Anek