AHG - Profitable Strategy for Struggling Traders

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Quote from jychiu:


Just looking at the Friday chart patterns, there are already several chart patterns applicable. So you could see the power of the book !

Chiu
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I said this a long time ago but I think it merits a repeat.

Trading in the Zone by Douglas

Suri's Book

Roughly 100 bucks give or take a few dollars.

Screen time.

All you need.

Anek
 
Quote from jychiu:

This is just another pattern described in the book, n-Bar Rallies / Decliens Pattern.

The n-Bar Declines build up on new-lows setup (at least 3 new lows successively). Vice versa for the rallies. For more detail refer to the book.

Please see some of the signals in the Friday NQ 1000 share volume chart morning session.
http://img132.imageshack.us/img132/2081/nqvolume1000071221anbarcw5.jpg

suri are these signal setup valid ?

Any one observing and trade this pattern ?

suri book has 56 patterns, I am just looking some chart setup that is applicable for the short term duration, say within the next 10 bars.

Just looking at the Friday chart patterns, there are already several chart patterns applicable. So you could see the power of the book !

Chiu
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That's another pattern I' ve been using while I was trying to "catch" the best piscuy pivots.
I actually have a code in Amibroker that draws a dot above/below each candle signaling this pattern
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Another super simple code I'm using lately is one that signals a bar with H <= H-1 AND L >= L-1, basically it signals a bar with an equal or smaller range than the
previous bar.

In an established up/down trend, often this bar signals a pause and continuation of the trend.

Entering in direction of the trend using the high/low of this bar as the trigger and the other end of the bar as the stop seems a doable scalp strategy.

2 reasons why it seems to work well:

1) In an established trend, this bar is like a micro consolidation, you usually see volume drying up, and the following Break Out is often good for a microscalp.

2) Since it's often a small bar, the stop below/above/ the same bar is very small compared to the current volatility.

Keep in mind I'm still studying it.
 
Quote from c.profitt:

Thursday Afternoon
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Prof: Thanks for the great charts. My short-term goal is aspiring to achieve your level of chart-reading and analysis during live trading. Your efforts are sincerly appreciated. Best luck in 2008.
 
Mark,

This pattern is called Inside Bar, which is a Western candlestick pattern. Close to Japanese candlestick Harami pattern.

But it is interesting to note that you are applying it to intraday trading.

Do share your finding when you have more update !

Quote from mark1:

Another super simple code I'm using lately is one that signals a bar with H <= H-1 AND L >= L-1, basically it signals a bar with an equal or smaller range than the
previous bar.

In an established up/down trend, often this bar signals a pause and continuation of the trend.
..

Keep in mind I'm still studying it. [/B]
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Quote from jychiu:

Mark,

This pattern is called Inside Bar, which is a Western candlestick pattern. Close to Japanese candlestick Harami pattern.

But it is interesting to note that you are applying it to intraday trading.

Do share your finding when you have more update !
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Yup inside bar, hehe it was on the tip of my tounge all the time...lol thx :D
 
Quote from billdobson1972:

This is a little old post.
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BILL

thank you for digging up this post.

By far the best I have seen for ages
as far as trading with indicators is concerned + the other goodies.
I wonder which time frame has been used
and whether the charting is just a candlestick?
May be I overread something.
Are there any more informations available such as the text formulas of these indicators tec. since I don't use QT?

Thanks
Charly
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hi jychiu,

thanks for your post about Matching Highs/Matching Lows...

the way to look Matching Highs/Matching Lows pattern is from a Resistance/Support point of view. if prices have difficulty crossing certain level repeatedly (in any time-frame), it may be signaling a reversal...

in intra-day trading if this happens in simultaneous bars, it may offer an opportunity to trade. if it also happens near key support/resistance levels, MAs or near Extreme FibBands, now your trade success probability will increase...
some times the next-higher time frame may be signaling the pattern precisely (at least 3-bars Matching Highs/Lows)

one of the way to detect this pattern is to have a tolerance of 1-2 ticks and check last 5-6 bars to see if they all Highs/Lows are within a certain threshold..

regards,
suri

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1724256" border = 0>




Quote from jychiu:

While reading the suri book, try to pick some chart pattern applicable to the Friday price chart.

Matching High / Low Pattern is a reversal pattern with the price attempt to break the level for at least 3 bars in a row. For copyright reason, I will not go any further than that.

In the morning, there is a valid Matching High pattern for the 1000 share volume chart (this pattern is not there in the 2 min chart by definition).

In the afternoon, there is a very close to Matching Low pattern for the 1000 share volume chart. Suri could you help to advise whether it is a valid pattern for this case ?

See Matching High Pattern in the NQ 1000 share chart :
http://img407.imageshack.us/img407/6196/nqvolume1000071221amatcnh5.jpg

See Matching Low Pattern in the NQ 1000 share chart :
http://img146.imageshack.us/img146/8168/nqvolume1000071221bmatcuw3.jpg

Any one is observing and trading this pattern ?
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Something to maybe help everybody when looking where buying support and target levels should / could appear.

It is quite amazing how price likes to move in equal increments and also adhere to trendline extension targets.

it is all about price, after all...
 

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