AHG - Profitable Strategy for Struggling Traders

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Quote from hwkaiser:

I attempted to complete my notes on Piscuy by Christmas, however, I under estimated Piscuy's contribution and will only be able to complete my notes after the Christmas Holiday's. For those who would like to review the generous contribution Piscuy has shared with us prior to my update, please find attached a rough draft of my notes.

For those more familiar with Piscuy's style, I would greatly appreciate any suggestions, modifications or corrections you may have, so that they may be included in the update. Please PM me with any suggestions you may have, thank you.

Thank you again Piscuy for your generous contribution, and to you Anek for providing us with such a truly rare and wonderful opportunity. It is very much appreciated,

Wishing everyone health and happiness this Holiday Season.
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HW!

Thanks again...these notes REALLY help when it comes time to review, double review, and review some more.

Much appreciated!

Newbies, don't cheat! Read the whole thread. It's definitely worth it.
 
Hw,

Thank you for the cliff notes, your work is appreciated by many readers. I believe your AHG compilation is quite famous now and your generosity in sharing it speaks volume of your character.

Piscuy,

Thank you for contributing the scalping touch to AHG we all learn from your expertise, myself included and now you got my freaking wife making 20 points on the ES. Sick stuff :)

Hopefully readers realize the amount of powerful information we have shared on this journal. I began the journal as a simple post to get people on the right track but I realize now this has become a bible of how to trade successfully while promoting the spirit of sharing tools and ideas.

Hats off to you both and to everyone else contributing to the same cause.

Anek
 
Quote from JBfinancial:

c.profitt,

If possible, can you post the ELD for the paint bars. Thanks.

JB
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I believe Anek posted the eld just a couple of pages back on the thread. Only works with tradestation though.
 
Quote from cchili00:

Scalpin the ES today.... +11.25 on 7 trades.
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Hey Chili,

Thanks for posting the chart. I am still trying to understand Piscuy's 123 method and I think I may be misinterpreting.

What are the horizontal lines on you chart representing? As I understand the 123 method, in a downtrend, (which was the entire chart right?) you would look for a higher low, then short the low of the breakout of the next bar after that. I'm not seeing where you were getting any of your entries from.

I can see why you would've taken your 2nd and 3rd shorts, but not the others. And I can't see why you would have taken any longs with the overall trend being down. For a long entry, you look for a few uptrend bars in a row, then when one makes a new lower low, your go long on the breakout of the high of the next bar right?

I thought I had the method understood. What am I missing? Could someone explain?
 
Quote from jack411:

Hey Chili,

Thanks for posting the chart. I am still trying to understand Piscuy's 123 method and I think I may be misinterpreting.

What are the horizontal lines on you chart representing? As I understand the 123 method, in a downtrend, (which was the entire chart right?) you would look for a higher low, then short the low of the breakout of the next bar after that. I'm not seeing where you were getting any of your entries from.

I can see why you would've taken your 2nd and 3rd shorts, but not the others. And I can't see why you would have taken any longs with the overall trend being down. For a long entry, you look for a few uptrend bars in a row, then when one makes a new lower low, your go long on the breakout of the high of the next bar right?

I thought I had the method understood. What am I missing? Could someone explain?
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Hi Jack,

The horizontal lines that I have marked are the entries. Once price breaks that line by 1 tick, I enter. Basically I am marking the signal on bar 3 of the 123. When the next bar breaks the signal line, the trade is on. The arrows indicate the entry bar.

I think you're mistaking what I'm doing for AHG, which is more about trends. This it is not. It is pure and simple scalping of pivots. This is more along the lines of the method that Piscuy has shared, so I'm not necessarily concerned about only going with the bigger trend. There is plenty of room to grab a few ticks on bounces and pullbacks as well. Obviously, as you can see from my trades, going with the trend usually provides opportunity to let the trade run more (shorts worked much better), but if you're quick you can still grab some on the retraces as well. Especially after an extended move, a 123 reversal can get you in at the very start of a new trend.

As for my trades, all 4 shorts were textbook 123s at pivots in a downtrend. The first long I should not have taken, as the TL was too close, but I hadn't drawn it in yet. The other 2 longs were quick scalps off of 123s following extended moves. I hope this helps clear things up.
 
In the past couple days I've lost on almost every trade. Today almost every trade was immediately a loser. It was amazing, but nothing I'm not used to. If I put a stop order in I can pretty much guarantee it will get hit. If I try to hold a trade and let the profits run it reverses so fast I can't get out with any profit. If I take a quick profit to avoid a reversal it keeps running for another 10 points. I'm lost, dazed, and confused.

Anyway I'm attaching 3 charts from today which were losers. Can someone tell me why I should have avoided them?

1st Chart: Bought retracement
2nd Chart: Plan was to let the profits run, but that didn't work
3rd Chart: Entry was wedge breakout, and failure of double bottom. Nice......not !

Amazing enough I haven't lost any money yet...........yet being the important word. I need to turn this around right now.
 

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Quote from macattack:

In the past couple days I've lost on almost every trade. Today almost every trade was immediately a loser. It was amazing, but nothing I'm not used to. If I put a stop order in I can pretty much guarantee it will get hit. If I try to hold a trade and let the profits run it reverses so fast I can't get out with any profit. If I take a quick profit to avoid a reversal it keeps running for another 10 points. I'm lost, dazed, and confused.

Anyway I'm attaching 3 charts from today which were losers. Can someone tell me why I should have avoided them?

1st Chart: Bought retracement
2nd Chart: Plan was to let the profits run, but that didn't work
3rd Chart: Entry was wedge breakout, and failure of double bottom. Nice......not !

Amazing enough I haven't lost any money yet...........yet being the important word. I need to turn this around right now.
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1st trade looks ok to me, although I'm not quite sure why you got stopped out. Seems like there was enuff room to grab a few pts, before it pulled back, or at least take a BE.
 
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