AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Quote from mark1:
enstein , that's the way I would have taken the signal, the first bar having a lower high after the 2 bars with the same high, is what I call the confirmation bar, I place my stop limit short 1 tick below the low of that bar, so to me that was not a triggered setup.
I'm quite sure Piscuy's experience allows him to enter on that bar ( seeing the pressure on the T&S for example). So how do you decide what the best method for you is?
Very simple but it takes time, go back on your past charts, find your pivots and see what gives the best entry in terms of probability. Do you whant to know about this particular setup ( a pivot formed by 2 equal Highs and 1 bar with a lower High), find it on your charts, keep notes of the outcome of each trade and see what statistically the best entry point is.
This gives you 2 benefits
First you learn to recognize the setup as you have lerned to recognize a letter A from a letter B when you read something (second nature, sport memory etc).
2nd it gives you the confidence to actually trigger the transmit button when you see the setup and have money on the line.
Think about it, here great traders can give us all the info we may ask for, but would you actually have the confidence to fly a plane only by reading the instructions on a manual?
Why do you think I go over my trades every night and keep notes on what I did right or wrong?
Beside the fact that I'm a bit egocentric (just a bit lol) and I like to show my charts, I do it because it's one of the most valuable lessons you can teach to yourself , and guess what?It' s free, it takes only time and patience.
VERY IMPORTANT
Piscuy told you guys, why don't you post you thoughts, why don't you post your findings, why don't you make a commitment and post at least 2 charts a week with your notes and a detailed (doesn't have to be a bestseller) explanations of your reasoning?
Again you have a win win situation.
1st you might find a good guy who recognize the effort you are doing and is eager to give you good tips to improve ( a tip today a tip tomorrow..Rome was not built in a day right?).
2nd You are actually helping other people less experienced to improve their skills ( ok you are not a top trader yet, but remember there's people who know even less of what you know right now).
I'm not here to criticize, I'm not in the position to do it, but why don't you guys make an effort and post your trades charts ? Real or simulated, it doesnt' matter. Just keep it real , don't cheat.
You still suck and you are afraid of critics? Who gives a rat ass,we are here to learn, post your damn charts, give back what Anek and Piscuy gave to you.
I'm sure most of you are still at a stage where you don't even realize what you have here, a very rare thing is happening here, are you ready to take your chance or not? Make the effort !
Thanks Mark. I will be posting some of my trades from time to time for educational purposes. Sharing certainly does help and I appreciate your efforts as well. Good trading.
I had a difficult time at first with JY's as well...
click on the posted link
click on the zip file "AHG reference charts - copy zip"
next, click on window download green arrow "go"
Next window, scroll down and click on underlined "Download file" (takes awhile to appear)
then the normal windows open/save dialogue box appears
click save... Voila....
Hope it helps...
edit: see JY's explanation.. much clearer than mine... color me newbie...
I went back to HA bars for a while, but then I remembered why I quit them in the first place. They paint beyond the high (or low) of the bar which means you can't tell by looking at the bar what the actual high/low prices were. I went back to TTMtrend which paints the same up/down trend on the bar but leaves the high/low intact.
DB confirmed. Watching for down ward trend line to break.
EDIT: Down trendline broken. Probablilies say higher.
EDIT: Down trendline broken. Probablilies say higher.
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