AHG - Profitable Strategy for Struggling Traders

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Anek,

For NQ multiday chart, now that 2160 multiday support is broken, do you have short bias going into tomorrow?

It might be good to see NQ setup a DB or W setup in multiday charts near the lows.

The next NQ support is it around 2129, as you see it.

Thanks
DT
 
C,

I saw it quite clearly but due to personal discipline rules could not trade it.

Mid swing taken, magic tick, down to test globex low.

Anek
 
Started off the day banking 600 dollars trading 1 contract. Lost 300 in the chop so far.

Here's the picture... need to exercise more discipline. I even said to myself... here come the fakeouts and I still took the bad signals.

Short ES 1478.5, out at breakeven.
 

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Quote from cirekindob:

I am a rookie (paper trading for 5 months). I thought I would add something that I have seen many times and I don't think it has been specifically addressed in this thread. I think these may be common knowledge, but I wanted to post a chart of todays action to show what I mean.

It has to do with breakouts of M tops, W bottoms, and trendline breaks. I noticed that after the break of a trendline or the middle swing high of a W bottom or the middle swing low of a M top, price more often than not comes back to retest that trendline or swing.

I mention this because it could be a better risk/reward trade if this retest is taken instead of the initial breakout and/or if you miss the initial breakout, you can get in on the retrace. This should go along with AHG. I am not saying you will neccessarily get a better reward, but the risk is lower IMO because you can have a tighter stop.

Here is a chart of today's action.
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C,

That is correct. As you get more experienced you will notice a buying signal does not exactly mean entry point, just stay alert for a buy opportunity.

Naturally this decreases the chances of nailing a run that explodes from the start without looking back but on the other hand it lowers your risk ratio and that is always a good thing in trading.

Kudos for the commentary.

Anek
 
Where's my pat on the back? I uploaded an image. I have been using paint to mark some stuff and turns out that paint automatically saves in bitmap format which isnt supported.
 
Kid,

Here is a tip for the image uploading.

If you preview the post after attaching the image the attachment will get lost.

Some kind of bug.

Anek
 
Quote from pricetrdr:

Anek, unlike other who want to know about strategy I would like to know how quickly could you do 100% return

I am not asking you what you personally are able to do

I am wondering what is possible out there 6 moths or 10 months 100% return etc

Could you spare a comment on it :)
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I will answer this one if I may pricetrdr.
I assume that by 100% you are referring to your brokerage account balance.

When day trading the ES an excellent Trader can make his/her account balance every day.
Since you are a Trader you will understand what I mean.

regards
f9
 
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