AHG - Profitable Strategy for Struggling Traders

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Quote from notam:

I've always found the 45 degree trendline thing to be problematic, 45 degrees on which chart? The same price move occuring on different time or volume scales changes the slope. If it's a visual slope, the axis scaling changes it too.
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45 degree trendlines are extremely useful. In fact, when I don't have complete pivots to guide myself with I anticipate the second one by using a 45 degree trendline.

You will be amazed at the number of times price rebounds on them *if* there is a trend.

When an engulfing signal forms around there an opportunity for low risk potential rewards usually presents itself.

Once the second pivot forms then you no longer has to guess it and you can just readjust it.

Just take it easy, relaxed trading is nirvana.

Anek
 
Anek I have attached the ER2 chart from Friday. On the chart I added some text. Could you please view the chart and my comments and see if my reasoning is correct.


Thanks,

Cokes
 

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Quote from cokes:

Anek I have attached the ER2 chart from Friday. On the chart I added some text. Could you please view the chart and my comments and see if my reasoning is correct.


Thanks,

Cokes
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Perfect!
 
Quote from Anekdoten:

Perfect!
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WOW :D

The first time I read this thread I was very excite because it was obvious that you were the real deal. I could tell from the clarity of your writing that you were making real money using this strategy.

Then I went through a period of frustration because I try to read your charts with my flawed mental approach. I never realized how much I wanted to be able to call tops and bottoms. In a sense I was always trying to be the fortune teller. This EGO struggle always led to confusion, and a bit of paranoia because subconsciously I always knew the market would humble me.

Finally in a way I gave up and decided to really become a student of AHG. By becoming a student of AHG I finally understand its simplicity.

Thanks again

Cokes
 
Quote from Anekdoten:

45 degree trendlines are extremely useful. In fact, when I don't have complete pivots to guide myself with I anticipate the second one by using a 45 degree trendline.

You will be amazed at the number of times price rebounds on them *if* there is a trend.

When an engulfing signal forms around there an opportunity for low risk potential rewards usually presents itself.

Once the second pivot forms then you no longer has to guess it and you can just readjust it.

Just take it easy, relaxed trading is nirvana.
More...
You must have mistaken my point, I'm not challenging the utility of slope based trend analysis, only the nature of the specific slope calculations and claims of the value of a specific slope without further chart scaling info.

Like gann angles, the actual slope is completely dependant on your scaling and x-axis base selection. So I don't take issue with the slope idea, only that picking a specific slope must include the precise scaling info along with it, or it's somewhat meaningless. In one set of scaling a 45 degree trendline will be less or more on other chart settings.
 
Quote from cokes:
Then I went through a period of frustration because I try to read your charts with my flawed mental approach. I never realized how much I wanted to be able to call tops and bottoms. In a sense I was always trying to be the fortune teller. This EGO struggle always led to confusion, and a bit of paranoia because subconsciously I always knew the market would humble me.

Finally in a way I gave up and decided to really become a student of AHG. By becoming a student of AHG I finally understand its simplicity.
More...
If there is a holy grail in trading it's this kind of thinking. Good for you.
 
Quote from notam:

You must have mistaken my point, I'm not challenging the utility of slope based trend analysis, only the nature of the specific slope calculations and claims of the value of a specific slope without further chart scaling info.
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I must admit that my slope based trend analysis lies in the past.
The price simply moves within channels that lie within channels that lie within channels etc etc.

Any further manipulation of this concept may be helpful to the Analyst but do not let it get in the way of trading.

We are only here to make money ... lots of it.

regards
f9
 
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