AHG - Profitable Strategy for Struggling Traders

[kidPWRtrader]

Quote from Johno:

To me AHG = Strategy where as Piscuy/ Three bar reversal,scalping techniques, etc are tactics. There is a wealth of information available by simply going through HWKaiser's summary. Once you develop a frame of reference conducive to your personality coupled with the information available, the whole picture will become far more clearer.
[/B]

+1 to this post...

Mac... don't worry about your confusion. Keep rereading the parts of the method you are confused about and staring at the screen each day. I am still way far from proficient at Anek's method, but each day I see an improvement in what I'm seeing, what I'm playing, what I'm not playing.

Also... in case anyone was wondering, there were 3 dragons today in the nq. 2 worked out brilliantly, 1 was decent, I rode only 1 halfway though. Shows my skill at this point...

 

[gpzany]

Quote from kidPWRtrader:

+1 to this post...

Mac... don't worry about your confusion. Keep rereading the parts of the method you are confused about and staring at the screen each day. I am still way far from proficient at Anek's method, but each day I see an improvement in what I'm seeing, what I'm playing, what I'm not playing.

Also... in case anyone was wondering, there were 3 dragons today in the nq. 2 worked out brilliantly, 1 was decent, I rode only 1 halfway though. Shows my skill at this point...

Well said kid...

mac, as you watch price develop, you start to notice patterns appear earlier and earlier until one day, you just anticipate that their might be a pattern developing, and viola - there it is and you are able to prepare your trade. This is starting to happen to me now after about 3 months of constant screen time with Anek's method.

Keep at it, it will come. Maybe an idea is to look for Piscuy type scalp setups for now, and as you get more experience, the larger timeframe setups will start to appear to your eye... At the end of the day, do a markup of the day's action to train your eye to the bigger picture setups.

Here is my markup of yesterday.... not all possible setups are shown...

Cheers.

 

[jychiu]

wow, 3 dragons in one day ! suri dragon consists of a head, 2 legs and a tail.

Could you show us the 3 ? Should be interesting.

Quote from kidPWRtrader:


Also... in case anyone was wondering, there were 3 dragons today in the nq. 2 worked out brilliantly, 1 was decent, I rode only 1 halfway though. Shows my skill at this point...

 

[discrat]

Quote from macattack:

Thanks for the comments. Right now I'm still trying to learn the setups. I see people entering all the time, and I'll look at the chart and see nothing, so I think I'm missing a lot. I'll definitely be working on the discipline part once I have the method down, otherwise I realize I'd just be gambling.

Mac there are quite a number of Setups with the AHG philsophy. DTs, DBs, Failed H&S, Dragons, 123 reversals etc....

To really be successful at trading start off just trading one setup and stick with until you completely master it. Not until you are consistently profitable should you move on to the next one.

And even then, some really successful traders just stick with one trade setup and one trade set up only. This is all they do and all they need and just replicate this setup over and over again. With much success

Me personally, I lam leaning towards the latter and sticking with just one setup the 123 reversals in a HH, HL LH LL trend.

In the last 5 months with AHG this has been consistently the most profitable for me out of all them. It just fits my personality and my style of trading.
I can seriously see myself trading this and only this in the many years to
come as a futures trader.
And only trading 2 to 4 RT a day is what fits me.
For many months I was trading 12 to 15 round trips a day and consistently lost money. Cutting down on frequency has got me to a new level. And being selective with 123 Reversals has enabled me to do this.

Keep in mind I am still going to be open minded. And I do like the Dragon pattern and M pattern as they have proved to be profitable.

But I say stick with one Setup and learn it inside and out, backwards and forwards and until your blue in the face. And with enough perseverance and discipline you can make a nice Living off just this one setup

 

[timokrates]

Quote from Piscuy:

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.

Piscuy could you explain this again.

If for example the high of the third bar of the 123 reversal has been taken out, you have your entry signal, but you wait a few seconds for the price to come back to get a better fill?

Another question I have in regards to the observation of momentum:

Do you filter your T&S by a certain number to decrease noise?

What about the speed of the tape in regards to the use as a speedometer?

 

[hwkaiser]

Quote from snemanov:I have a question for Anekdoten or anybody who feels they can answer this question with confidence

Have you read any portion of this thread?

 

[jychiu]

discrat,

Appreicate you shared this practice from Master teaching. It is probably the practical step that we could need to do for the beginners.

Chiu

Quote from discrat:

Mac there are quite a number of Setups with the AHG philsophy. DTs, DBs, Failed H&S, Dragons, 123 reversals etc....

To really be successful at trading start off just trading one setup and stick with until you completely master it. Not until you are consistently profitable should you move on to the next one.

And even then, some really successful traders just stick with one trade setup and one trade set up only. This is all they do and all they need and just replicate this setup over and over again. With much success

Me personally, I lam leaning towards the latter and sticking with just one setup the 123 reversals in a HH, HL LH LL trend.

In the last 5 months with AHG this has been consistently the most profitable for me out of all them. It just fits my personality and my style of trading.
I can seriously see myself trading this and only this in the many years to
come as a futures trader.
And only trading 2 to 4 RT a day is what fits me.
For many months I was trading 12 to 15 round trips a day and consistently lost money. Cutting down on frequency has got me to a new level. And being selective with 123 Reversals has enabled me to do this.

Keep in mind I am still going to be open minded. And I do like the Dragon pattern and M pattern as they have proved to be profitable.

But I say stick with one Setup and learn it inside and out, backwards and forwards and until your blue in the face. And with enough perseverance and discipline you can make a nice Living off just this one setup

 

[Quint]

Quote from discrat:

To really be successful at trading start off just trading one setup and stick with until you completely master it. Not until you are consistently profitable should you move on to the next one.

And even then, some really successful traders just stick with one trade setup and one trade set up only. This is all they do and all they need and just replicate this setup over and over again. With much success

But I say stick with one Setup and learn it inside and out, backwards and forwards and until your blue in the face. And with enough perseverance and discipline you can make a nice Living off just this one setup

This is the answer to the question agitating the mind of all struggling traders. The best comment ever made and succinctly put on any investment forum.

Look for just one set up for bullish trend and another for bearish trend, master it and trade it repeatedly. This is the surest way to guarantee consistent profits. With the exception of unforeseen contingencies that can make the underlying security to gap up or down against current position, mastering a set up and trading it repeatedly has proved to be the best way to go. You may want to check this blog for proof.

 

[gdargento]

Quote from discrat:

Mac there are quite a number of Setups with the AHG philsophy. DTs, DBs, Failed H&S, Dragons, 123 reversals etc....

To really be successful at trading start off just trading one setup and stick with until you completely master it. Not until you are consistently profitable should you move on to the next one.

And even then, some really successful traders just stick with one trade setup and one trade set up only. This is all they do and all they need and just replicate this setup over and over again. With much success

Me personally, I lam leaning towards the latter and sticking with just one setup the 123 reversals in a HH, HL LH LL trend.

In the last 5 months with AHG this has been consistently the most profitable for me out of all them. It just fits my personality and my style of trading.
I can seriously see myself trading this and only this in the many years to
come as a futures trader.
And only trading 2 to 4 RT a day is what fits me.
For many months I was trading 12 to 15 round trips a day and consistently lost money. Cutting down on frequency has got me to a new level. And being selective with 123 Reversals has enabled me to do this.

Keep in mind I am still going to be open minded. And I do like the Dragon pattern and M pattern as they have proved to be profitable.

But I say stick with one Setup and learn it inside and out, backwards and forwards and until your blue in the face. And with enough perseverance and discipline you can make a nice Living off just this one setup

discrat...can you tell me what timeframe and market you're trading 123's on? I have been studying the thread and other Anek info (summary doc, ordered Suri's book) and am in the process of choosing my "one" setup to focus on. 123's look good to me also.

Thanks

 

[thotspeed]

Spectre, Mark1, johno, kidPWR and others,

I want to add my thanks for your helpful replies to macattack.

I am suffering miserably from the exact same problem described by macattack on pg 947. I had developed a very simple trend following method before I found AHG and was glad to see that I was on the right track.

For the life of me however, I'm just not able to sit on my butt for 1, 2, 3 or more hours to wait for the optimal setup to appear. After the open, I see the market moving and keep thinking about others making money while I'm just sitting there doing nothing. This leads me to take stupid, anticipatory trades based on whims like "hmm, I think its gonna go after breaking this high or this low...) This of course leads to losses. By the time my setup actually appears, I'm so gunshy from the previous losses, that I'm scared to take my setup.

I'm convinced this is the biggest obstacle preventing me from achieving the consistency I so want. For gods sake, all I want is to average 2 ES pts a day over a week, but I can't even seem to walk away with 1 point a day.

Sorry if this seems like whining, but I'm at my wits end. Any words of wisdom from those who've been there? Thanks to all

thotspeed