AHG - Profitable Strategy for Struggling Traders

Status
Not open for further replies.
Quote from kidPWRtrader:

Why did you decide to take so much heat on the first one? I had the same entry but I failed for the second one.
More...
My exit would be a close plus magic tick above the M's midpoint of 2077 or as an emergency stop a tick above the high. This was intended as a swing trade. M's are an old friend for years and are also nice on daily charts.
 
Quote from hausse:

Sure. The chart "derivative mkt" belonging to it is in the photo section of that blog. Hope the link works.

http://caldaroew.spaces.live.com/blog/cns!D2CB8C5EBA2ADE86!1445.entry
More...

Very cool link. For anyone that has a long term prospect I would suggest they check out the divergence photos in there.


hausse: What I mean is... after you entered and took so much heat you knew that you were wrong at that point in time. Why not wait for a better entry top of the M if you were so confident in the pattern.

PS, I don't play very many breakouts so I don't know much about longer plays where you let them go against you.
 
Yes, today is a chop so far..
What would have told you this
before hand ?



Quote from kidPWRtrader:

I think a lot of good trades are failing today. You would have to be pretty quick to bank a profit on most of these...
More...
 
Quote from kidPWRtrader:

Very cool link. For anyone that has a long term prospect I would suggest they check out the divergence photos in there.


hausse: What I mean is... after you entered and took so much heat you knew that you were wrong at that point in time. Why not wait for a better entry top of the M if you were so confident in the pattern.

PS, I don't play very many breakouts so I don't know much about longer plays where you let them go against you.
More...
Well, matter of taste, I'd think. I like to enter when I consider it confirmed. Purely personal preference.
 
Quote from osho67:

I am paper trading Z (FTSE100) and I am trying to arrive at optimum size of volume bar. Some help appreciated. Total volume today is about 130k. Can you decide size of bars based on daily total volume? Or is it just experimenting taking various sizes. Help appreciate. Thanks
More...

There is no such thing as "optimum size". Massaging (optimizing) the data to come up with some "optimum" number is the trading equiv of going off on a rabbit trail, imo; for the market always changes. There is no such thing as an "optimum" moving average, either (the same goes for all indicators).

I would suggest experimenting with what works with YOUR ability to act on the signals that come from your system/method. Good luck. :-)
 
Quote from esu2:

Yes, today is a chop so far..
What would have told you this
before hand ?
More...

Look at the candles. All sorts of weird closes in all sorts of directions. Lots of slow drifts up and down. Not ideal conditions...

I don't really know a *how to* other than experience. Remember, I still took lots of trades today as well...


Hausse: I like that one better... I would have entered on pullback but each way is valid...
 
Quote from Anekdoten:

Tech,

Make sure you there is a swing long before shorting an uptrend break that had a a higher high. Wait for a good entry, low risk good reward and then take it.

Anek
More...

That's what I meant in my post. I guess it was a poor explanation.
That up swing you are talking about I would get more confirmation by it hitting the now resistance that was support.

-Tech
 
Quote from kidPWRtrader:

Look at the candles. All sorts of weird closes in all sorts of directions. Lots of slow drifts up and down. Not ideal conditions...

I don't really know a *how to* other than experience. Remember, I still took lots of trades today as well...


Hausse: I like that one better... I would have entered on pullback but each way is valid...
More...
OK, I may be wrong as well. Am no day trading expert. I just do some research, try to learn and trade a bit. My background is long term trading.
 
When I look at the HL/HH & LH/LL trend patterns
compared to yesterday's (which worked),
I see little or no difference in the drift or candles.

kidPW, what trades did you do today?

thanks

QUOTE]Quote from kidPWRtrader:

Look at the candles. All sorts of weird closes in all sorts of directions. Lots of slow drifts up and down. Not ideal conditions...

I don't really know a *how to* other than experience. Remember, I still took lots of trades today as well...


Hausse: I like that one better... I would have entered on pullback but each way is valid... [/QUOTE]
 
Status
Not open for further replies.
Back
Top