AHG - Profitable Strategy for Struggling Traders

[nkhoi]

search "ASCII art " for all your weird art craving.

 

[mark1]

To all the followers of AHG , I humbly suggest reading JOE ROSS TRADING MANUAL

You'll find it scrolling down the page

Chapter 7 gives you a clear understanding of the rationale behind trends HH HL etc.

The whole manual deserves a reading IMO

 

[Mvic]

I use esignal and am useless as far as coding so if I need something custom I contact Chris at http://www.sr-analyst.com/

 

[babe714]

Quote from discrat:

Just going back to page 41 of this journal where Stealth explains this 3 Bar Reversal. and can anyone tell me why he lets the 4th Bar go one tick past the third bar (which is the first Bullish Bar in the pullback ) and then he places a Buy Limit Order halfway back down this third Bar ??
Is this to compensate for brief profit taking or headfake before the reversal takes off into the direction of the prevailing Uptrend.
It seems like sometimes you would miss the ride back up if you waited for price to come back down to halfway of the third bar.

Thoughts or explanations about this from anyone ??
tnkx

Letting 4th bar go one tick past 3rd bar range gives additional confirmation of change in trend . Setting entry point at approx midpoint of third bar gives great entry , small stop. Yes you will often miss the trade. Just my thoughts , can't speak for Stealth .

 

[fishoilfan]

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Thanks for the heads up Anek! I made a quick 4 points yesterday morning before I had to make a road trip.

Talk me out of upping my car size so soon

 

[fishoilfan]

Quote from hwkaiser:

Now that Anek is on a much deserved break, I thought I would take this opportunity to post my notes to date for any of the new followers of the thread.

These notes are not all inclusive and I highly recommend that anyone who truly desires to improve their skills read the entire thread from the beginning to end. There is a wealth of information within, the product of many years of Anek's hard earned knowledge, research and experience.

I excluded excellent information, commentary, suggestions and advise from the many other contributors on this thread and concentrated primarily on Anek's comments and insight.

I have attempted to include links to most indicator zip files referenced in the Journal and give credit to the respective contributors...

I would greatly appreciate if those who have a collection of indicators for their respective charting programs i.e. Tradestation, Ninja Trader, Ensign, Sierra and Quote tracker, etc... could please post any indicators that I may have missed or have incorrectly included in my notes.

Again, Great Thanks to Anek for all that he has shared with us. Not only has he given us a lesson in the mechanic's of Trading and a provided us with a logical thought process, but the much more important lesson of generosity and goodwill which is so lacking in our society today... I for one am not merely impressed by his skills as a trader (which are undoubtedly exceptional), but more so of his character, which if you pardon the pun "is Head and Shoulders" above the rest... a truly remarkable individual and greatly appreciated.

Good trading to all and Happy Holidays...

Thank you so much hw! I was thinking of doing this myself. I owe you one!

 

[iluv2trade]

lol, he may not trade but I bet he'll use a lot of his free time doing research - probably more research than 99% of us on this journal - and he's on a break!

i

Quote from hwkaiser:

I do not believe Anek has released a TMF indicator and is still evaluating its effectiveness. I would assume that he may continue with his research next year, as he is devoting the remainder of this year to spend quality time with his family...

 

[iluv2trade]

for those who were curious about zigzag indicator, you can find some and discussions at http://elitetrader.com/vb/showthread.php?s=&threadid=109781&perpage=6&pagenumber=1

i

 

[Anekdoten]

What leads price to congestion ?

I could tell you my experience but don't think it would do much good. This is something that you need to see for yourself.

As an exercise to improve your trading take a few hours to study the past few weeks in your instrument of choice and try to notice any peculiarities that prevented price from forming a trend.

Make sure the backtracking is done with an anchor chart.

I assure you, the effort will not go to waste as this is an area you do not want to trade. This patience, this discipline is imperative for your trading.

If you really want to take it to the next level, say by increasing car size, then you must improve your accuracy and this is how you do it, by becoming an expert at spotting the chop and even a greater expert by doing what needs to be done around that time. Which is sitting on your hands, stretching your legs anything but trading when there is a lack of a trend.

Polishing your skills in congestion/consolidation detection can make the difference between good and greatness. Better yet, try to anticipate it. Anticipation will give you an edge.

Please post your conclusions in the journal so everyone can benefit from everyone.

Anek

 

[Anekdoten]

Decisively Broken Areas

Trading noise and volatility can make you see things that are not really happening.

For instance, in order to determine when a point of interest is broken you need to ask yourself the following questions.


1) How meaningful is this point ?

Your anchor chart should be able to tell you. Remember your entry chart has many areas that are unknown to the anchor chart. You must learn what is meaningful and what it is not.

and

2) What kind of price action developed after this event?

I'll give you two examples.

If price has been bouncing off a downtrend resistance line in order to consider this area broken, price at the very least, must create an up swing ABOVE the resistance area. Anything else is suspicious. Price simply passing through this is not enough, this is stop hunting, nothing else, unless the above forms.

If price has "broken" support a downswing below support must be created and that previous support must become resistance. Anything else is suspicious as well. Price simply passing through this is not enough, this is stop hunting, nothing else, unless the above forms.


Ever heard traders say, "OMG the Dow lost 13000?" This is newbie talk, nothing is lost until the battlefield has blood scars on it. Just because a scared bull ran away does not mean the bears won the battle.

A combination of both answers should be your guidance.

Hope it helps.

Anek