AHG - Profitable Strategy for Struggling Traders

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Guys, like the moderator said, just IGNORE em. They can't ruin this thread if u don't empower them with responses...

using the complain button helps too

i
 
Anek,
Regarding time/sales and tape reading, I'm using TS, so I filter out any trades below say 50 contracts. You mentioned looking at trades filled at market, but not sure what you mean or rather how I can tell if they are filled at market. I guess if the price is trending up and the orders I see are usually at the ask, or even above ask, then the trend has a high probability of going higher.

If price is trending higher, but then pulls back a point or two without any, or few, orders being shown (filtering out the 50 or below size), then the trend will probably continue up....is that the logic?
 
Quote from Bbox_trader:

Anek,
Regarding time/sales and tape reading, I'm using TS, so I filter out any trades below say 50 contracts. You mentioned looking at trades filled at market, but not sure what you mean or rather how I can tell if they are filled at market. I guess if the price is trending up and the orders I see are usually at the ask, or even above ask, then the trend has a high probability of going higher.

If price is trending higher, but then pulls back a point or two without any, or few, orders being shown (filtering out the 50 or below size), then the trend will probably continue up....is that the logic?
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B,

Highly the following situations:

Above Ask

Below Bid

Watch it next week and please tell me your findings.

Anek
 
Regarding tape reading, can anybody recommend a good book?
Anek, If you could, recommend a book or briefly go over a strategy, feel free to pm me if you think your post would confuuse someone. THnx
 
Mad,

The only one I read was

Tape Reading and Market Tactics by Wyckof

It was ok, nothing out of the ordinary.

Like I said, tape reading is hard to teach, is like riding a bike, you don't read a book, you just do it until it works.

Anek
 
Quote from Anekdoten:

Can't be ST, he loves AHG he just hates any indicator known to man.

Anek
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hahahahah he might love AHG ,but from what i read so far, i don't think he is in good terms with the "A" part LOL

I've said this in the past, but just in case you didn't catch i'll say it again; thnx for a constructive thread man, and thnx for taking the initiative to help this community of traders, and i really appreciate this thread as it got me back on track.
 
Quote from madmax98:

hahahahah he might love AHG ,but from what i read so far, i don't think he is in good terms with the "A" part LOL

I've said this in the past, but just in case you didn't catch i'll say it again; thnx for a constructive thread man, and thnx for taking the initiative to help this community of traders, and i really appreciate this thread as it got me back on track.
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It's no problem, think the journal forces me to increase my market studies, and continue polishing my skills .

Sometimes I go back to my own words and find the answers to current questions with my own words written in the past, it's crazy stuff.

Anek
 
Quote from Anekdoten:

Mad,

The only one I read was

Tape Reading and Market Tactics by Wyckof

It was ok, nothing out of the ordinary.

Like I said, tape reading is hard to teach, is like riding a bike, you don't read a book, you just do it until it works.

Anek
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thnx, i completely understand your point and i also agree ( i was hoping i was wrong). i've traded based on T&S before, nobody told me where to start but i just kind of looked at it and tried to figure out where momentum was headed. I also used LevelII before, a little useful but not much, i don't think i spent enough time exploring it. What do think?
 
Quote from madmax98:

thnx, i completely understand your point and i also agree ( i was hoping i was wrong). i've traded based on T&S before, nobody told me where to start but i just kind of looked at it and tried to figure out where momentum was headed. I also used LevelII before, a little useful but not much, i don't think i spent enough time exploring it. What do think?
More...

Forget Level II Level III and Level IV :D

Unless a trade happened the information can be deceiving.

Anek
 
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