AHG - Profitable Strategy for Struggling Traders

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Quote from Bbox_trader:

Attached is a marked up chart of yours to show you the area, I think, of greatest opportunity. Looking at is some more, if you got long after the first bright blue and short after the first bright red bar, you could have made decent profits and kept losses pretty small using the last swing point as a stop.

Bright blue is just a high (while still predominantly downtrending)

Bright red though, thats definitely a lower low in the trend.

Anek
 
Oh yeah, but I would see the blue bars at 13:13 coming off a HL (low failure) as a change in trend...depends on how you look at it.
Free drawing was the quickest for me. Don't use snagit that much.
 
Just to share how I extract only 'Anek' comment from this chat log file.

I use this simple 'grep' command. You download (unzip, rename grep.rename2exe to grep.exe) it to the same directory that you download this text file.

Create a run_grep.bat file with the following content with notepad:
grep "Anek" ahg_othernet_20071214.txt > anek_071214.txt

Save it and double click it, all 'Anek' comment will be shown in the 'anek_071214.txt' file.

For a different file, just change the date in the 'run_grep.bat' file accordingly, save it and double click to run it.

Quote from BoyBrutus:

AHG Chat log 121407
 

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The following Word document contains detailed graphic instructions to setup Hydra client with the AHG channel. The last instruction has tips on using Hydra.

If you find any problems with instructions, please advise and i will correct. Any questions, please PM me.

EDIT: Fixed format in Word.

Cheers,
i
 

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The following Word document contains detailed graphic instructions to setup AHG channel on IRC using the Hydra client. The last instruction has tips on using Hydra.

If you find any problems with instructions, please advise and i will correct. Any questions, please PM me.

EDITED TOO LATE, SO HAD TO REPOST :(

Cheers,
i
 

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Quote from kidPWRtrader:

Just want to share a stock that I've been stalking for quite a while now. SQNM. The analysis is for a buddy of mine, I promise that the macd histogram wasn't my idea but he wanted to know what it meant since he uses stock charts.com (i use telechart if you check my other pictures).

Anyways, good luck to anyone that goes for it. If we get to 7.5 and get an up day, i'm buying, or if we break the trendline with a nice wide range day, I'm also buying. The holding period on this one is several weeks.

Kid, I'd wait for the TL break - BO bar as Anek suggested. Also the stock looks relatively weak to the naz advance to the 11th Dec, marked up the chart as to what I think.

GL BB
 

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Quote from jack411:

Thanks Mark,

Yes please post the chart! The "quicker upthrust" that you mentioned - is that the longer green bar at 12:27? Is that longer bar thegiveaway to look for a 2B pattern instead of trying to play the W? If you can post the chart with your entry, I'm sure that will help me get it.
I'm pretty sure that I've seen the 2B pattern in Suri's book, but I'll have to read through it again.

*also could you post your stop too?

To me the giveaway, is the confluence of signals :Anchor chart support , somehow extended downtrend for a friday afternoon, Mini Double bottom (on my 1 min chart), surge of volume when we retraced above the previous LL.
If you look at those pieces of info individually, they mean nada, zero. If you look at them together they give you a trade set up
 
ES 100% Retracement chart of the major swing on Friday (Dec. 14)

Regards,
Suri

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1716261" border =0>
 
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