AHG - Profitable Strategy for Struggling Traders

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Quote from Anekdoten:

The 450 tick chart might be ok for reference but perhaps a bit slow for entries.

Your anchor chart should be at least 4x your entry chart.

If your anchor chart is say 2000 ticks then disregard this post :)

Anek
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Thanks, I will try a 932 anchor with a 233 for entries. Did my scalping strategy agree with you methodolagy?
 
Quote from jashanno:

I had the exact same problem that you did.... try to hit a big trend would reverse on me.... exit to quickly then the trend would keep going and going and going.

Here is what I am working on to fix this....

I trade 2 contracts and one I try to scalp the swings with one and the other I ride all the way to the end until I have a confirmation to get out.

If I do a scalp I usually wait till there is a pullback below where I exit before I reenter. This helps ME from chasing my tail, keeps me in check, and makes me try to shoot for optimal exits. Sometimes I get one scalp in and other times several. But I will ALWAYS ride that last contract till the end. This method also keeps me from rooting for the market to move in a certain direction. If it moves in my favor after I have exited one of the contracts then I am making more points. If it pulls back then I have an opportunity for a reentry.

This lets me feel like I'm locking in profits while letting the market run as far as it wants at the same time.

Like Anek said though, it's also important to have the Risk/Reward in check if you are to do something like this.

If I'm not clear as to what I'm talking about let me know and I will try to explain further.
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Thanks, it sounds like a good strategy. What chart do you use for your entries?
 
Anek,

What is your take on my scalp strategy. It seems to me that it would confilict w/ your average up recommendations because in the end I am most of the time only holding one contract when I started with two.
 
Post some charts of what you are looking at guys.

I shorted right on the downtrendline into this new downleg and covered way too early because i have been getting cut to death all morning.

You're your own worst enemy i guess..
 
Quote from kidPWRtrader:

Post some charts of what you are looking at guys.

I shorted right on the downtrendline into this new downleg and covered way too early because i have been getting cut to death all morning.

You're your own worst enemy i guess..
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I did the same thing on NQ. Got back in short and rode it down afterwards though. I've found it really choppy today...
 
I saw some plays but there were so many false moves that I couldn't even take the good stuff, at least from the time frame I'm at. Definetely choppy especially on the 1000 cv today.


EDIT: The fib levels today have been very itneresting particularly 23.6%. Draw the fib extensions from the high today to the low and you'll see. The sell off was like butter after it went through the number and numerous times it acted as resistance.

Also... ES has been easier to trade today but I have only had it up to confirm entries.


Entered short 2058. 38.2% retrace of last move. Out.

Looking for another...
 
Quote from kidPWRtrader:

Post some charts of what you are looking at guys.

I shorted right on the downtrendline into this new downleg and covered way too early because i have been getting cut to death all morning.

You're your own worst enemy i guess..
More...
Here are 2 shorts I did. Unhappy with the 1st one's exit.
 

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