AHG - Profitable Strategy for Struggling Traders

[mark1]

Another thing about Piscuy Pivots.

If you take a PP forming on , say a 1 min chart, guess what it looks like on a 3 min chart.

Now if you like me have somehow studied candlesticks analysis, you know that a hammer by itself is not really tradable profitabily, I mean as most of the candlestick lines/formations a hammer needs to be preceded and/or followed by a bullish price action (in case of a bullish hammer) to be considered as a tradable setup.

For example a filter for a bullish hammer could be :

-The low of the shadow/wick should be lower than the low of the preceding 3 candles.

-The volume of the hammer candle should be greater than the previous candle.

EDIT (THE filter ABOVE IS ONLY AN EXAMPLE)

Now, why not using the same filters you use for selecting a hammer , to select a PP, since they are basically the same formation on a different time/volume frame?

By the way Hammers formations are 1 of the few candlestick patterns I actually trade with decent results.(So piscuy sorry can't even thank you about your pivot stuff, cause I was using them before.....rofl, yes I'm an ungrateful SOB mmmbbuaahahaha ...J/K amigo!)


Another one I really like are engulfing patterns especially bearish ones.

 

[carbtrader]

Quote from mark1:

Another thing about Piscuy Pivots.

If you take a PP forming on , say a 1 min chart, guess what it looks like on a 3 min chart.

Now if you like me have somehow studied candlesticks analysis, you know that a hammer by itself is not really tradable profitabily, I mean as most of the candlestick lines/formations a hammer needs to be preceded and/or followed by a bullish price action (in case of a bullish hammer) to be considered as a tradable setup.

For example a filter for a bullish hammer could be :

-The low of the shadow/wick should be lower than the low of the preceding 3 candles.

-The volume of the hammer candle should be greater than the previous candle.

EDIT (THE filter ABOVE IS ONLY AN EXAMPLE)

Now, why not using the same filters you use for selecting a hammer , to select a PP, since they are basically the same formation on a different time/volume frame?

By the way Hammers formations are 1 of the few candlestick patterns I actually trade with decent results.(So piscuy sorry can't even thank you about your pivot stuff, cause I was using them before.....rofl, yes I'm an ungrateful SOB mmmbbuaahahaha ...J/K amigo!)


Another one I really like are engulfing patterns especially bearish ones.

Insightful post on 123's being similar to hammers. Thanks.

I see an advantage to trading 123's in the lower timeframe vs. trading hammers in a higher timeframe in that you can fill at a better price. ie. a hammer's head in the higher timeframe would encompass the high of all three bars but in the lower timeframe, the first bar may have a high higher than the 3rd signal bar's high, so you could fill at signal bar's high break which could be lower than the first bar's high.

Another beneficial feature I see in 123's over hammers in higher timeframes is one of Piscuy's rules says that the pattern is invalidated if the low of the signal 3rd bar's low for a long reversal is violated. With hammers you don't really have that invalidation signal, although I guess a break below the wick's low would invalidate the hammer however you know earlier to abort the pattern with 123s. Also the stop would be much larger if you're doing the standard stop with putting the stop at the bottom of the hammer's wick whereas the stop with 123 is just the low of the signal bar.

 

[einstein]

Quote from Jaxon:

I want to have a Tradestation Showme indicator that tells me when a 3BR (3 bar reversal, Piscuy Pivot, 123, whatever you want to call it) has formed.

The reason I want to use a "Showme" is because a paintbar interferes with the Anek paintbars I am using. The showme will just put a little colored X above or below the final bar that becomes the entry bar.

Turns out, writing a showme is trivial: It is practically a one-liner. The only thing I have to nail down is the exact criteria to use. Pretty clear that that last bar has to go higher than the previous bar by 1 tic. Also seems the last bar must have a higher low than the previous bar. Also seems to me the lows are pretty straightforward. Not really sure exactly which highs must be higher, or equal to or higher, or dont care. A picture will show.

Using the diagram on the far right, and starting with the bar on the right, I require that the high on that bar be higher than the previous bar, and the low on that bar is lower than the previous bar, or H > H1 , and L > L1,

The next bar, 2nd from the right, I only need the low to be higher than the center bar, or L1 > L2. I don't really care how high the center bar is in relation to the bars before or after it, do I ? Is it ok for L1 to be equal to L2 or must it be a higher low?
So, I have L1 >= L2 (if equal is ok)

Looking at the center bar, I only want it to have a lower low than the bar to the left of it. Again, I don't care about the relative highs of either bar. So I have L2 < L3.


I have also added a criteria for the next bar to the left, mainly so I dont have too many 3BRs all over the place. This bar i only require that the low not be lower than the next one, or L4>= L3.

So, in summary I have

H>H1 and L>L1 and L1 >= L2 and L2 < L3
and L4>= L3.

This would be the showme for a bullish 3BR. Another showme with similar but reverse logic is used for the bearish setup.

I have no experience writing this type of code in Ninjatrader. Would anyone know how to to this in NT? Thanks.

 

[discrat]

Quote from vinc:

I don't trade Us markets but decided to give it a go today so I downloaded a demo from one of the brokers/oec/ and did some trading in the s&p...3000v chart,started with a DD -75$ due to
improper order placement, ended up +475$ with one car..mainly regular stuff - DB,DT,pipes,TL breaks,Piscuy's 123/thank God you
here/,28 round trips with only 3 losers/one bad order/..never took more than half a point,almost no heat.. well, I don't know..
I mean, where is the catch????? Piscuy, is it really that easy ??

Yeah vinc, dont let it fool you. I remember when I first started last year on Live futures I was 18/20 on my first Live trades. I thought I had found the Holy Grail. However, I learned pretty quickly that I did not. It did seem to good to be true and every trade was effortlessly easy and profitable. I was cocky and sure enough not long after this I started on a massive losing streak.

The Losing will come. And it will NEVER be totally easy. Whether you are a professional or amateur.
Just be patient and very discipline and have a system where in the long run you have the probabilities in your favor.

P.S. Id say the best thing that could happen to you is that you lose a little on sim. just so it takes away that "easy money " mentally you have about the markets right now.
Do this before you go in Live trading.

 

[vinc]

Hey discrat

Thanks for your feedback..been trading for 7 years, lost enough/ for my liking!/ it's just that I don't trade US markets, I have my discipline,the method's based on stuff presented here, nothing fency or out of the blue.. I just think I know how Picsuy trades..he just doesn't let the trade go against him and if it does it only goes a little bit, almost never touching his stop.. I'm trying to do the same..I watch for a break out on a pattern by one tick/preferably in the direction of a trend/ and then I buy on retracement of this break out - say, a break out is by one tick above last candle I buy the top of this candle..target is usually 0.5 point away as I'm too scared to keep it longer and I gues that's where the probability is in my favour..I've noticed thatPiscuy's pivots along with the trend direction or when they bounce off a major trend line hardly bo back/retrace/ and I don't get my fill..
talking about fills - this is where I expact most problems in real trading.. cheers

 

[macattack]

Anek and Silo,

Thanks for the conversation you had in the chat log today. That cleared up a ton of stuff for me. I had the same exact questions Silo had; I was just so confused I didn't even know what to ask.

I was also wondering what was going on with everyone talking about 3BR's every 2 minutes in the chat log and making 1 point, 1.5 point, .5 point? I started trying to do it too.

If anyone hasn't read the chat log today (12-28) it is towards the bottom. Scroll down until you see "silo" It will clear up a lot of things if you're confused like I was.

Or there is the possibility that I am just a dumbass and none of you are confused. Wouldn't be the first time.

 

[bad feeling]

I need to read this from begining

 

[Anekdoten]

AHG Channel Updated Rules

I no longer want the following posted on my channel.

- Scalps against the trend

- Swings against the trend

- Pattern breakouts against the trend unless it is a confirmed reversal pattern at a point of confluence on the anchor chart.

- Zero news talk.

- No quarrels, if you have a problem with a member of the channel, you send a private message to one of the operators.

- Zero indicator talk unless ME or Fibs.

-3 Bar Reversals will only be used to look for optimal entries with the trend.

-If no trend, you don't trade.

Starting on Monday every single trade posted from me or anyone else must be AHG compatible, no exceptions.

You want to post your cowboy shit you hit another channel.

Again, no exceptions as I will be extremely disciplinary about this.

This is the only way some of you will learn.

Anek

 

[cchili00]

Quote from Jaxon:

The combined criteria - actually 2 overlapping showmes

Looks good Jaxon, did you by any chance make one for the shorts? Would be curious to see those on this chart as well.

 

[foxthorn]

Quote from Anekdoten:

AHG Channel Updated Rules

I no longer want the following posted on my channel.

[...]

This is the only way some of you will learn.

Anek

Thanks Anek...
I also benefited from your conversation with Silo. I went back and marked up the 12/28 chart based on that discussion - and it helped a lot!

A snipit from the #AHG log for those interested:

[22:13] <'silo'> so tell me how AHG is supposed to be traded
[22:13] <'silo'> i am on page 750 and i would love to do it right
[22:13] <'silo'> :D
[B][22:13] <@Anek> If hh and hls you look to buy after retraement lows[/B]
[22:14] <'silo'> you use 3br, patterns right?
[22:14] <'silo'> except you only use it when it's the right time
[B][22:14] <@Anek> If ll and lhs you look to short retracement pops[/B]
[22:14] <'silo>' yeah that's simple
[22:14] <@Anek> the patterns are there to enhance price action reading skills
[22:14] <@Anek> and 
[22:14] <@Anek> the reversal ones
[22:14] <@Anek> to alert you of trend changes
[22:14] <@Anek> or possible trend changes
[22:14] <@Anek> thats it
[22:30] <@Anek> what happens between trend changes?
 [22:30] <@Anek> anyone?
 [22:31] <@Anek> CONSOLIDATION!
 [22:31] <@Anek> so price consolidated
 [22:31] <@Anek> but failed to break up
[22:31] <@Anek> so what happened
[22:31] <@Anek> died
 [22:31] <@Anek> and hard
[22:31] <@Anek> thats when I said
[22:31] <@Anek> Im looking to cover around 16
[22:31] <@Anek> why 16
[22:31] <@Anek> because of anchor
 [22:31] <@Anek> did I get the absolute low ?
[22:31] <@Anek> no I didnt
[22:31] <@Anek> who cares
[22:32] <@Anek> but 3 points off
[22:32] <@Anek> I knew that area was anchor support
[22:32] <@Anek> so I took a 3br reversal long
[22:32] <@Anek> not just anywhere
[22:32] <@Anek> but there
[22:32] <@Anek> after exhaustion
 [22:32] <@Anek> and supported by anchor
[22:32] <@Anek> yes against the trend
 [22:32] <@Anek> but with 2 confluences
[22:32] <@Anek> yes
[B][22:48] <@Anek> now if you examine price action
[22:48] <@Anek> and you see no trend
[22:48] <@Anek> you cant trade
[22:48] <@Anek> its that simple[/B]
 [22:49] <@Anek> because that is what gives me the edge
[22:49] <@Anek> the trend
[22:49] <'YoungOne2'> just 2 HH and HLs right?
[22:49] <@Anek> thats my backup
[22:49] <@Anek> or a DB + just 1 swing up Young
[22:49] <@Anek> 2 hh 2 hls trend is up
 [22:49] <@Anek> DB + 1 hh 1 hl
 [22:49] <@Anek> trend is up
[22:49] <@Anek> 1 hl 1hh
[22:50] <@Anek> thats a swing
[22:50] <@Anek> not a trend
[23:02] <@Anek> in order of importance
[23:02] <@Anek> AHG Price action
[23:02] <@Anek> Patterns to supplement yourself in areas of congestion or possible reversals
[23:02] <@Anek> and last 3br for precision on entries
[23:02] <@Anek> all with the heavy use of trendlines
[23:02] <@Anek> the rest is money management and discipline
[23:02] <'YoungOne'> and exits?
[23:03] <'YoungOne'> S/R?
[23:03] <@Anek> ya well exit is like the last phase of the trader