AHG - Profitable Strategy for Struggling Traders

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I am looking for suggestions for parameters to trade ER. I am thinking of 1000v for trade chart and 5000v for anchor chart. What about all session vs pit session? Any suggestions? Thanks to all members of the thread who have been so helpful, esp Anek (beerman):p
 
I am looking for suggestions for parameters to trade ER. I am thinking of 1000v for trade chart and 5000v for anchor chart. What about all session vs pit session? Any suggestions? Thanks to all members of the thread who have been so helpful, esp Anek (beerman):p
 
Bog

It's the zig zag indicator
In amibroker it calculates the swing percentage , its setting is 0.025 (you need to change the formula because the one included in AMI doesn't allow 0.025.

Let me know if you need the modified formula.

Anyway zig zag is not the answer it is only used to reduce the noise .

Here a chart with my afternoon trades..I waited and waited patiently and the MKT gave me a present.
 

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Hi mark,

Nice work today.

Do you usually take all trades on breakouts or breakdowns instead trying to catch the retraces ?

Cheers :D


Quote from mark1:

Bog

It's the zig zag indicator
In amibroker it calculates the swing percentage , its setting is 0.025 (you need to change the formula because the one included in AMI doesn't allow 0.025.

Let me know if you need the modified formula.

Anyway zig zag is not the answer it is only used to reduce the noise .

Here a chart with my afternoon trades..I waited and waited patiently and the MKT gave me a present.
More...
 
Notam,

You are correct but I'm not a stubborn person, if I can find something that will enhance my trading, I will use it.

I'm purely in observation mode.

For what it is worth, the TMF was stellar today.

Anek
 
Quote from Razor:

Hi mark,

Nice work today.

Do you usually take all trades on breakouts or breakdowns instead trying to catch the retraces ?

Cheers :D
More...

mm not an easy answer, it depends, I think my subcoscious is trained to avoid congestion areas, I mean i tend not to trade towards areas with a lot of previous supports and resistances, I want to see a "pocket" of vacum, just like a flying plane ...get the picture?

So probably I end up trading breakout/down

Another thing I think is important. How do I measure my trailing stop once the trade keeps going in my favour

I use a DOM like bracket trader or Booktrader in TWS by IB

I don't use a target limit, but only a stop loss, once the price keeps going I lower (in a short trade) my stop manually. I calculate the distance visually by watching the amplitude of the price swing on the ladder (if you use the DOM you know what I mean) it's like teasing a dog with a chain, I go near the dog step by step and say aha you can't touch me ! and lower it goes and lower I go calculating its swing visually, you can't touch me! lol
And the dog barks just at 1 inch from my face.

Then when I see a probable support I tighten my stop a bit more and more and more till I'm stopped out.

Try it with a simulator and you'll see what I mean, calculate the amplitude visually.
You can even listen to MC Hammer...can't touch me ..nan na na na lol
 
Hi,

Thanks for the reply.

Cheers :D


Quote from mark1:

mm not an easy answer, it depends, I think my subcoscious is trained to avoid congestion areas, I mean i tend not to trade towards areas with a lot of previous supports and resistances, I want to see a "pocket" of vacum, just like a flying plane ...get the picture?

So probably I end up trading breakout/down

Another thing I think is important. How do I measure my trailing stop once the trade keeps going in my favour

I use a DOM like bracket trader or Booktrader in TWS by IB

I don't use a target limit, but only a stop loss, once the price keeps going I lower (in a short trade) my stop manually. I calculate the distance visually by watching the amplitude of the price swing on the ladder (if you use the DOM you know what I mean) it's like teasing a dog with a chain, I go near the dog step by step and say aha you can't touch me ! and lower it goes and lower I go calculating its swing visually, you can't touch me! lol
And the dog barks just at 1 inch from my face.

Then when I see a probable support I tighten my stop a bit more and more and more till I'm stopped out.

Try it with a simulator and you'll see what I mean, calculate the amplitude visually.
You can even lissen to MC Hammer...can't touch me ..nan na na na lol
More...
 
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