AHG - Profitable Strategy for Struggling Traders

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Quote from bmwhendrix:

mark1, I notice you often are headed to the gym, spa, bank :D , during the lunch hours. Do you not trade certain hours? If not why?

:confused: :p
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Because probabilities are against me from 11:30 to 14:00, dead zone, lower volume and usually choppy period.

Obviously some day I miss good moves but overall my trading improved since I stopped trading in this period.

I can extend till 12:00 when I see a good move, it's not set on stone.

Ok for the record I went break even with the last leg up 11:50-12:05.
Today no gym, going over my morning trades and see what went wrong.

I'll post a chart later probably
 
Quote from osho67:

Does IB have time and sales.?

I look time and sales on QT.

Sometimes both the boxes (bid/ask) are red, sometimes both are green , sometime one red and one green and sometime one white and other red/green

There are no cumulative numbers.

Somebody who is familiar with QT time and sales ,please comment. Thanks
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QT has this option under the raw data window : view- absolute volume. not sure if its what you are looking for. it sums up the days volume as the ticks come in.
 
All those you mentioned are sound money management techniques. Im guessing the guys are looking for something more specific in terms of where to exit and stuff. Yes I use TS and I do like it.


P.

Quote from timokrates:

You are right, discussing Money Management should be the best way. I believe 'forcing' people to take a bit of responsability on forums to show some work themselves is absolutely healty.

My suggestion on this topic:

Funds: $10.000

Size: 2 NQ contracts

Max. Stop: 4 points (1000 volume chart)

Scaling out on a discretionary base with price action and tape.

Is that too superficial?

Btw, you use Tradestation as your broker? Are you happy with them?
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Quote from mark1:

Because probabilities are against me from 11:30 to 14:00, dead zone, lower volume and usually choppy period.
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Oh, so THIS is why there is lower volume. YOU'RE not trading. ;)
 
Quote from Anekdoten:

Sent you email in a hurry perhaps you can make it pretty and post a refined explanation here later.

Anek
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Anek,

You gave this reply to the post by iluv2trade:

>>? not sure i understand the that... you mean the volume between these out of mkt orders? that must be hard to do...>>

Are you willing to repost here your email for further illustration also about what Charly asked recently on'bid/ask range'?!

Thank you!
Bernard
 
Can you find one of those instances in a chart?

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Quote from einstein:

net +6. All winners. Even scalped 1 with piscuy's method and thanks again.

Question for Piscuy- if u are looking long and your signal bar (ie a bar with a higher low) turns out to be a bearish bar- would u still go long if the high of that bearish signal bar were taken out by 1 tick by the next bar. Is it necessary that the signal bar be BOTH a bullish bar AND a bar with a higher low.Hope this is clear and thanks for all your efforts- much appreciated.:)
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Thanks Piscuy, crystal clear!

For (2) I meant that NQ8 chart you sent out. It has a few more signal bars identified than charts NQ9 and NQ10.

Was there a reason you show less signal bars in your 9 and 10 charts?

Thanks!,
i

Quote from Piscuy:

1. I never average down, If im in a loosing position im usually out by the time you can average down. if you notice i usually enter full position and scale out, if opportunity allows i may re enter the trade with the portion i scaled out or one a bit bigger. This is not the norm in my case.

2. Not sure what your talking about so mind explaining in further detail?

3. I do limits on entries market on exits. I always know where I want to get in, and I also know when its time to run out (market).

Hope this helps.

P.
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Put today on the backburner, we are only human and some days we are just not at the top of our game. Forget about today and come back to trading fresh tomorrow. I would suggest to take the rest of the day off. Go do something fun and something you really like. Give yourself a treat, clear your head and be ready for combat tomorrow.


P.

Quote from mark1:

Lol what a mess today, not extremely bad because I was able to see it was not my day and I'm down only 4 points, but something went wrong.

Now I have to find out what exactly :confused: :D
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I took them off because once you understand the ones i did explain you would understand the rest. I belive there is no use in explaining the same thing one hundred times, three explained and you find the rest :D. Hope this explains it.


P.

Quote from iluv2trade:

Thanks Piscuy, crystal clear!

For (2) I meant that NQ8 chart you sent out. It has a few more signal bars identified than charts NQ9 and NQ10.

Was there a reason you show less signal bars in your 9 and 10 charts?

Thanks!,
i
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