AHG - Profitable Strategy for Struggling Traders

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Anek/Piscuy...great thread...I hv read it through but continue to hv one nagging question.
I read from both of you many times that you always enter on limits, however your setups include magic ticks, lower/higher close, bottom/top of wick/bar/body etc. Why not enter on a stop (or stop limit) after such a trigger? Don't you all miss more trades (gains) than the losses from slippage or false entries?
 
market E-motion

Made an adjustment so that now it calculates from the Day Session high and low and ignores the pre/post market. I'm liking this and will continue to monitor. Thanks go to JDConner who translated Anek's original TS version into Ensign.

Enjoy,
Shel
 

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Quote from Shel M.:

market E-motion

Made an adjustment so that now it calculates from the Day Session high and low and ignores the pre/post market. I'm liking this and will continue to monitor. Thanks go to JDConner who translated Anek's original TS version into Ensign.

Enjoy,
Shel
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Shel

I didn't create ME for Ensign, credit goes to opm8.
 
Price does not go thru your trigger and keep going like an arrow. Price is erratic, so usually after it triggers it gives you a better fill one or a couple of ticks better which allows for more profit in case your trade works or a smaller stop in case it does not. Depending on the time frame and instrument you may get multiple hits of the same trigger.

P.


Quote from tr51:

Anek/Piscuy...great thread...I hv read it through but continue to hv one nagging question.
I read from both of you many times that you always enter on limits, however your setups include magic ticks, lower/higher close, bottom/top of wick/bar/body etc. Why not enter on a stop (or stop limit) after such a trigger? Don't you all miss more trades (gains) than the losses from slippage or false entries?
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Quote from carbtrader:

Here's my marked up chart for today that I'm archiving in my trade journal but saw some stuff that might help others... symmetrical triangle for today with confluence of multiple up trendlines supporting bounce:
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Carb I'm only saying this because Anek said the same thing, but today was not the right day to play a symmetrical triangle. The conditions just weren't ideal. The fact that it worked doesn't mean it would work under the same conditions on average.
 
Quote from Shel M.:

Thank you, JDConner, for the correction.

Enjoy,
Shel
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Shel,

Can you post the code you used to accomplish this or are you simply looking at day session charts?

opm8
 
Quote from kidPWRtrader:

Carb I'm only saying this because Anek said the same thing, but today was not the right day to play a symmetrical triangle. The conditions just weren't ideal. The fact that it worked doesn't mean it would work under the same conditions on average.
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I think Anek mentioned that his wife said the following which summarizes it best, "That's what stops are for dummy!"

Just kidding, but I think I recall him mentioning on IRC a few days ago that she did in fact say that him when he was critiquing her trading about something :)

Also, if by "conditions not being ideal" you mean the low volatility and volume today then trading after hours has even much less volatility and volume yet I think even Anek and others are trading in those even less favorable conditions afterhours. However, of course do what is comfortable for you and your risk management.

Cheers!
 
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