AHG - Profitable Strategy for Struggling Traders

Status
Not open for further replies.
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.
More...

Same here mate, I had 1 (little) positive day this month with AHG. Al others where big losers. But I'm logging each trade and studieing them after hours.

I try to catch 4h live trading, analyse the entire day after hours and the whole week during the weekend.

For now I'm only focussing on making good entries. About 80% of my trades give me an initial profit but turn arround and go to my stop. I'm using a max stop of 4 points which I lower when technicaly possible. Stil have to work on these.

My plan is to keep papertrading AHG and analysing for at least november and december. After that I'll look at the big picture.
 
Quote from kidPWRtrader:
:). 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.
More...
Hey kid. You wouldn't pick up much from my trades today. I was getting chopped up this morning. Caught a 10-pointer on the 11:34 candle on that little H/S pattern. I had support at 2130 and bailed on the TL break. And that was pretty much it. Back in the green.
Can hardly believe we were only halfway down at that point!
Should be an interesting 2:00-4:00 session!
Keep making those good trades my man!
 
Quote from Anekdoten:

Here is what I use for charting annotation.

http://www.faststone.org/FSCaptureDetail.htm

Hope you like it.

Definitely much better than Paint :D

Anek
More...

Thanks. I guess if I post here I should make my stuff look as professional as yours :). If only you guys told me this sooner hehe.

Low: Ok, thanks anyways. I'm sure you did fine. On this type of a day you simply can't ever ask the question are we oversold yet? Just take every signal and run with it I guess...
 
Quote from kidPWRtrader:

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).
More...

Please let me explain.
Let us say that you buy at 65.25 on limit.
As your stop is hit, it enters a protective stop at say 64.25 and a take profit stop at say 67.50 OCO.

Now, no matter what happens to your machine, power supply, provider etc you are bullet proof. Either you exit for a 9 tic profit or a 4 tic loss. And when you exit, you are flat because of OCO.

While you are in the trade you can manipulate your take profit stop and you can bring your emergency stop up, but never back.

This is a simplification but essentially it is the heart of a trade.

regards
f9
 
Thanks for the clarification, that was a very useful post. I bet you there are quite a few others here that have not implemented a failsafe system. I know I havnt, but Ive never daytraded live. (well... I have but that was 1.5 yrs ago when I was just starting and a complete disaster)
 
Quote from rverheyen:

Same here mate, I had 1 (little) positive day this month with AHG. Al others where big losers. But I'm logging each trade and studieing them after hours.

I try to catch 4h live trading, analyse the entire day after hours and the whole week during the weekend.

For now I'm only focussing on making good entries. About 80% of my trades give me an initial profit but turn arround and go to my stop. I'm using a max stop of 4 points which I lower when technicaly possible. Stil have to work on these.

My plan is to keep papertrading AHG and analysing for at least november and december. After that I'll look at the big picture.
More...

R,

On a day like today and initial stop loss of 4 points makes sense, but on any normal volatility day I don't use a stop loss greater than 2 points. And that is just the initial stop loss entered as an OCO. I usually get away with moving to about 1.5 points on a normal day (not today). I always try to move my stop loss up as quickly as possible, trying to get it to b/e. I trail the previous bars low, but sometimes if I get in at the start of a trend, i give it a little more wiggle room for the initial retrace.

My average losers today have been about 2 points with none greater than 3.75. On a normal day it's about 1 point. This is because I move my stop loss as quickly as possible. I am a rookie as stated before, but I have found that this has helped me. I use to let my initial stop get hit a lot. Very rare anymore.
 
Quote from Anekdoten:

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
More...

Could you explain your rules? Was that a sloppy trade? I'm curious because I find I am overtrading and feel I need more discipline.
 
Quote from kidPWRtrader:

Thanks for the clarification, that was a very useful post. I bet you there are quite a few others here that have not implemented a failsafe system. I know I havnt, but Ive never daytraded live. (well... I have but that was 1.5 yrs ago when I was just starting and a complete disaster)
More...

Glad that I can be of some help.

Are you using volume bars?
If so, do you know how many contracts to the end of the current bar?

regards
f9
 
Quote from fearless9:

Glad that I can be of some help.

Are you using volume bars?
If so, do you know how many contracts to the end of the current bar?

regards
f9
More...

Not sure if I understand your question? I use 500 and 1000 for the NQ and 20000 to see big picture and today I had ES up with 2500 so that i could test out how confirmations work back and forth.

I have an indicator running that tells me how many contracts left before bar prints, is that what you mean?
 
Status
Not open for further replies.
Back
Top