AHG - Profitable Strategy for Struggling Traders

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Quote from kidPWRtrader:

Here's something for today... don't know if this is usually the case but today its happening more often than not.

If ES doesn't confirm a move on NQ chances are it won't happen. Anyone agree/disagree?

Also here's a general rule for those that find themselves slowly being blead to death by stops. Don't let them get hit. First two bars that close against you get out (if your first profit target is not reached). Or, first wide bar against you get out (if your first profit target is not reached). Something to think about...

This is just a general rule, but try the exercise. Think of your stops as insurance... try to prevent the problem before it happens though (meaning, if the pattern is wrong, get out, don't wait for your house to burn).
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excellent point.
You may want to consider entering on brackets.... ie profit stop in front and emergency stop behind. Once onboard you can manage your trade by manipulating your two stops, however never increase your potential loss.

regards
f9
 
Anek,

I have been reading this thread for some time now. I have been using this method to profitably trade 1 NQ contract.

Today was my best day +$448 net of commissions.

I just wanted to say thanks.
 
Quote from dandxg:

Yes I don't use it anymore, but the ES is comprised of the NQ and the YM last time I checked. In fact run a small size chart with ES, ER, and the YM and to have a really good move in the NQ all must move the same time same direction. There is a bit of redundancy there, but it works well.
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How is the indice movement compared to the futures? Reason I ask is because I don't know how long it takes for them to get arbed and even if there are redundancies selling pressure in one can forecast one in another (even if theoretically they should get sold at same time)
 
I've followed this thread from the start. Haven't made any money in the last few weeks except yesterday (the day where Anek loses money). I am embarrassed to say I lost money today. I obvious am doing something *seriously wrong* (and all my positions were short today except very early in the morning session). I will post charts later to ask for input from others since Anek is sick.

I would really like to see some buy/sells/stops if possible, no chart necessary as I can look myself. Just curious where you guys are buying/selling/stopping. Thanks.
 
Quote from kidPWRtrader:

Here's something for today... don't know if this is usually the case but today its happening more often than not.

If ES doesn't confirm a move on NQ chances are it won't happen. Anyone agree/disagree?

Also here's a general rule for those that find themselves slowly being blead to death by stops. Don't let them get hit. First two bars that close against you get out (if your first profit target is not reached). Or, first wide bar against you get out (if your first profit target is not reached). Something to think about...

This is just a general rule, but try the exercise. Think of your stops as insurance... try to prevent the problem before it happens though (meaning, if the pattern is wrong, get out, don't wait for your house to burn).
More...
Tony Caldaro did a study on S&P/Nasdaq divergences in his Elliott Wave blog. Good stuff.
 
Quote from sacramento343:

I've followed this thread from the start. Haven't made any money in the last few weeks except yesterday (the day where Anek loses money). I am embarrassed to say I lost money today. I obvious am doing something *seriously wrong* (and all my positions were short today except very early in the morning session). I will post charts later to ask for input from others since Anek is sick.

I would really like to see some buy/sells/stops if possible, no chart necessary as I can look myself. Just curious where you guys are buying/selling/stopping. Thanks.
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If you are down today chances are you were not following the rules. Post your charts and possibly reread the thread.

Today (and I'm not being a dick on this) was a very easy day. Don't let it get to you though. You've figured out today that you have to fix something, now all that's left is to take the next step and find out why you are breaking the rules.

If it makes you feel better, I got reemed on my position trading accounting. Had only 1 short and 3 longs going into yesterday. Held on to them a little today because I was longer term on them but after today's action I couldn't do anything but dump them. So ugly. 14000 for dow and 2500 for daq, in my opinion are the targets.
 
Quote from low_hcp_golfer:

Do I have to get a doe stamp with that Douche-bag license?
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:). LOL. Hey... if you don't mind low can I maybe get a peak at your trades today. You mentioned you use ES as confirmation as well. Would like to see what you did today.
 
Quote from fearless9:

excellent point.
You may want to consider entering on brackets.... ie profit stop in front and emergency stop behind. Once onboard you can manage your trade by manipulating your two stops, however never increase your potential loss.

regards
f9
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What if your profit stop gets hit and reversed on? This is why I don't like to use one, because i usually exit only on a bar that closes above/below last bar or above/below a trendline. The emergency stop is useful though in markets like today...

Is this what you are saying or no? I totally agree about not ever loosening your stops though. That is a rule for everyone in this thread I believe that is consistent with AHG's methodology (and most other successful ones).
 
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