Hello everyone! I'm very pleased to see a constructive thread such as this one on ET, hard to find nowadays, so i want to thank Anek a lot for taking such an intiative. i knew you're legitimate when you excluded indicators for the most part, which supports my beliefs. I believe that indicators are either invented by the smart money and pushed on the general public to re-route their attention away from the real indicator _ price, or they used to work at some point but not any more such as anything in trading. i struggled with indicator for the longest time but now i'm only focusing on price action with 2 indicator for refrence and assurance only. I'm a little behind on the reading ( page 77) but i've only saw this thread a couple of days ago. So, i plan on catching up in a week or two. Although I plan to trade stocks, the strategies demonstrated here are universal and should work for most markets. I work full time and go to school full time, so i stopped trading for now, but i'm preparing myself for a come-back; studying the markets, studying charts, analyzing price action and getting acquinted with tools available. Again, thnx Anek for such a helpful real thread, and i will be followig your progress and comments closely. Best Regards.....Simon
AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Mad before thinking about trading you should solve that little problem with your memory
You already posted the same post 3 hours ago, remember?
Ah ya, this is the AHG trade....herm... elite trader...yup that's a pc, press the keys to write...
ROFLMAO just kidding, just kidding, sorry I'm a natural comedian
You already posted the same post 3 hours ago, remember?
Ah ya, this is the AHG trade....herm... elite trader...yup that's a pc, press the keys to write...
ROFLMAO just kidding, just kidding, sorry I'm a natural comedian
LOL hahhahahah Don't worry Mark, actually my memory scares people sometimes, being very strong LOL But i figured many posts got submitted at the same time and i didn't want you to miss my post < especially when nobody commented> so i posted it again
Looking forward to your informative posts. now i'm reading page 105, got a long way. now, wait, what thread is this! ET! how did i get here?
Looking forward to your informative posts. now i'm reading page 105, got a long way. now, wait, what thread is this! ET! how did i get here?Here is a passing thought for those of you who are watching the T&S.
You are probably wondering what setting is best for your filter.
Well you have an impressive amount of firepower on this thread so why not run a bell curve on the contracts per strike and see where the likely cutoff occurs.
In general 20% of the players account for 80% of the action in life, but you might be interested to see just where this point lies on the ES, NQ etc.
regards
f9
You are probably wondering what setting is best for your filter.
Well you have an impressive amount of firepower on this thread so why not run a bell curve on the contracts per strike and see where the likely cutoff occurs.
In general 20% of the players account for 80% of the action in life, but you might be interested to see just where this point lies on the ES, NQ etc.
regards
f9
Do any Sierra users know how to set the filter for contract sizes on Booktrader?
A. If you are stll around, or anyone else, do you play the morning gaps, as a non-AHG play? If so do you look at the initial A/D for guidance on whether it will close or not? or any other data for guidance?
D.
D.
This post is about T&S. I may not know what I am talking about so please correct me if I am wrong.
IMO there are two ways to make a trade order, LIMIT (Passive) or MARKET (Aggressive). Most trades I believe are market orders being filled with the orders sitting at the bid or ask. So the only way to see a big order in the filtered T&S screen, is to have a big order come in at the market and an equally big limit order exist at the bid or ask. When a big order comes in and there is no equal limit order, then the trade gets filled in chunks of lots. I think this is what happens when you see a big chunk of green or red come through at once on the non-filtered T&S screen. It may be one market ordered filled at multiple limit orders. So having explained this and if it makes any sense I will continue.
Seeing big orders on the filtered T&S screen can mean 1 of 2 things. Lets say they are buyers.
1. If you see big orders on the filtered screen and price is still moving up, then the move is strong still and hasn't met enough resistance yet.
2. If you see big orders on the filtered screen and price stalls or falls back, then there was a lot of large passive sell orders at a resistance level, because remember you won't see the big orders filled if there isn't a big order at the limit level. It would be chopped up. This can be counter intuitive to see a lot of green big orders and think price will go down.
If you aren't seeing big orders on the filtered T&S screen it could mean 1 of 2 things.
1. There aren't any big orders coming in at market.
2. There aren't any big orders sitting at the bid or ask.
The only way to tell is to look at the unfiltered screen and see the blocks of trades. This can be difficult, but if price is moving quickly this is usually the case IMO.
If I am totally off base please let me know. This is only through my observance.
So I guess what I am trying to say is that for every order you see you have to think of it as an aggressive buyer/seller meeting a passive buyer/seller.
IMO there are two ways to make a trade order, LIMIT (Passive) or MARKET (Aggressive). Most trades I believe are market orders being filled with the orders sitting at the bid or ask. So the only way to see a big order in the filtered T&S screen, is to have a big order come in at the market and an equally big limit order exist at the bid or ask. When a big order comes in and there is no equal limit order, then the trade gets filled in chunks of lots. I think this is what happens when you see a big chunk of green or red come through at once on the non-filtered T&S screen. It may be one market ordered filled at multiple limit orders. So having explained this and if it makes any sense I will continue.
Seeing big orders on the filtered T&S screen can mean 1 of 2 things. Lets say they are buyers.
1. If you see big orders on the filtered screen and price is still moving up, then the move is strong still and hasn't met enough resistance yet.
2. If you see big orders on the filtered screen and price stalls or falls back, then there was a lot of large passive sell orders at a resistance level, because remember you won't see the big orders filled if there isn't a big order at the limit level. It would be chopped up. This can be counter intuitive to see a lot of green big orders and think price will go down.
If you aren't seeing big orders on the filtered T&S screen it could mean 1 of 2 things.
1. There aren't any big orders coming in at market.
2. There aren't any big orders sitting at the bid or ask.
The only way to tell is to look at the unfiltered screen and see the blocks of trades. This can be difficult, but if price is moving quickly this is usually the case IMO.
If I am totally off base please let me know. This is only through my observance.
So I guess what I am trying to say is that for every order you see you have to think of it as an aggressive buyer/seller meeting a passive buyer/seller.
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