AHG - Profitable Strategy for Struggling Traders

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Have to congratulate you yet again. I know a few hundred traders who wish they could make that in one day. Very well done!!!

P.


Quote from cchili00:

Thought I'd explain my money management strategy, maybe useful for somebody else....

Set a fixed 1st target of +1.5 pts with a stop of -1.25 (less if the high/low of the trigger bar allows it). Once the bars start forming I use the high/low of the previous bar +1 tick and move the stop as it goes. Once 1st target is hit, usually move stop to BE automatically, or closer if the high/low of the previous bar allows it. 2nd half of the position I try to let ride, again using the high/low of previous bar as trailing stop. Once I get into the 3-5 pts range I usually tighten up the stop quite a bit to avoid giving much back. After all, this is scalping. The trades shown on the chart are the average for the position, so 4 trades today were +1.5/+4, all with the morning trend. The 3 longs were quick scalps against the trend, 1st one actually shouldn't have taken (too close to TL).
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Quote from Piscuy:

Have to congratulate you yet again. I know a few hundred traders who wish they could make that in one day. Very well done!!!

P.
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Thanks P. If it wasn't for the guidance from yourself and Anek, I wouldn't have believed it was possible myself. Cheers to you guys for making a difference.
 
We are all glad on your win.

Could you share how you derive at -1.25 stop loss point for ES ? (in term of dollar that is $62.5). How would you set it for NQ case ?

Chiu

Quote from cchili00:

Thought I'd explain my money management strategy, maybe useful for somebody else....

Set a fixed 1st target of +1.5 pts with a stop of -1.25 (less if the high/low of the trigger bar allows it). Once the bars start forming I use the high/low of the previous bar +1 tick and move the stop as it goes. Once 1st target is hit, usually move stop to BE automatically, or closer if the high/low of the previous bar allows it. 2nd half of the position I try to let ride, again using the high/low of previous bar as trailing stop. Once I get into the 3-5 pts range I usually tighten up the stop quite a bit to avoid giving much back. After all, this is scalping. The trades shown on the chart are the average for the position, so 4 trades today were +1.5/+4, all with the morning trend. The 3 longs were quick scalps against the trend, 1st one actually shouldn't have taken (too close to TL).
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Guys, I want to wish you Merry Xmas and a Happy New Year, I'm going on vacation and I'll be back at the beginning of the new year.

Thanks everyone for this thread and for sharing.


I ' ll take my laptop with me, so I can read the thread.

and remember KISS.....




























...... my @ss

:D :D :D :D :D :D
 
Merry Christmas and Happy new year to you too Mark. We'll be waiting next year so we can all make up the year end spending :)


P.

P.S: Dont forget to ask santa for goold markets next year, amazing longs, amazing shorts, good fills, timely exits and hefty profits. I know thats whats on the top of my list************

Quote from mark1:

Guys, I want to wish you Merry Xmas and a Happy New Year, I'm going on vacation and I'll be back at the beginning of the new year.

Thanks everyone for this thread and for sharing.


I ' ll take my laptop with me, so I can read the thread.

and remember KISS.....




























...... my @ss

:D :D :D :D :D :D
More...
 
Merry Christmas and Happy new year to you too Mark. Good Job with your trading this year. We'll be waiting next year so we can all make up the year end spending :)


P.

P.S: Dont forget to ask santa for goold markets next year, amazing longs, amazing shorts, good fills, timely exits and hefty profits. I know thats whats on the top of my list************
P.S.S: Get that ass kissing where your going cause aint going to happen here LOL.



[/B][/QUOTE]
 
Hi evereyone,

I wanted to make a correction with my charts on Tuesdays trades. I posted in the chat I had made 30+ points in nq. Well I lied. Ok I didn't really lie I just added wrong. Since I am using scaling out of trades with 1/3 increments I forgot to figure that when I lose on a trade without reaching any of my targets I lose on all 3. Tripling my point losses. (Hope this is making sennse) Anyway I didn't make as many points as I thought. I'm still happy with my trading but bummed out I didn't make as many points as I initially thought. I just wanted to let you know so as to keep it honest around here, and I figure it's all about humility and learning and not egos and trying to impress. So sorry for the confusion and good trading:)

Here are my trades for Tuesday

Chris
 

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