AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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I do appreciate your efforts as well!!
Again - thanks a lot.
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A question to all participants here:
While the 10K v chart as an anchor serves very well the NQ
I wonder which numbers might similarily
well work on ER, ES, ZG, Dax,FTSE etc?
I don't have the data yet - that's why.
QT allows various data feeds and I know there has been a discussion here
with regard to the reliability and speed of vendors like IQ, Esignal etc.
Does anyone know where those posts are available??
Thanks for your help.
Charly
AWESOME post Anek!
Thanks so much. This really helps me understand confluence a lot...pattern, failed trend, double top/bottom, with anchor support/resistance...
very nice
FYI to the overnight Globex traders... a conversation topic I've had numerous times today via email:
CME only accepts limit orders for trade entry and/or exit native to the exchange. Most brokers allow limit orders to become market orders if hit, but that is usually within cash session period from 9:30am thru 4:15pm est.
The variables between brokers and software platforms are many. I strongly suggest anyone trading the overnight hours to understand all of the scenarios possible which can affect your account.
For instance, what if your broker connection goes down while you have a stop order live?
What if the broker does not hold a stop-limit that converts to market order and price action gaps across your limit order? What if a limit order price is hit, but volume is several times greater than O/I at the strike?
ER and NQ are very thin and treacherous to trade in the globex when things turn western. Even the ES isn't liquid enough to get everyone out if/when the exits get crowded.
It is entirely possible to have a stop-limit order in place, you think it's safe / effective but in reality your trade is subject to unlimited loss = risk. There are a number of scenarios where that exists. Please make sure you understand all of what can occur in the overnight hours if a shocking event hits the market.
Tapes will not fill everyone who wants out at their price on limits. In the case of ER and NQ, it won't even be remotely close if another 911 event hits. Take the necessary steps to avoid waking up to a futures market 100 index points away from your resting stop order... with your account busted out and/or in debit on margin call.
Wild times demand extra care when it comes to risk control. Don't let greed = fear of loss risk ruin of an otherwise fruitful career
CME only accepts limit orders for trade entry and/or exit native to the exchange. Most brokers allow limit orders to become market orders if hit, but that is usually within cash session period from 9:30am thru 4:15pm est.
The variables between brokers and software platforms are many. I strongly suggest anyone trading the overnight hours to understand all of the scenarios possible which can affect your account.
For instance, what if your broker connection goes down while you have a stop order live?
What if the broker does not hold a stop-limit that converts to market order and price action gaps across your limit order? What if a limit order price is hit, but volume is several times greater than O/I at the strike?
ER and NQ are very thin and treacherous to trade in the globex when things turn western. Even the ES isn't liquid enough to get everyone out if/when the exits get crowded.
It is entirely possible to have a stop-limit order in place, you think it's safe / effective but in reality your trade is subject to unlimited loss = risk. There are a number of scenarios where that exists. Please make sure you understand all of what can occur in the overnight hours if a shocking event hits the market.
Tapes will not fill everyone who wants out at their price on limits. In the case of ER and NQ, it won't even be remotely close if another 911 event hits. Take the necessary steps to avoid waking up to a futures market 100 index points away from your resting stop order... with your account busted out and/or in debit on margin call.
Wild times demand extra care when it comes to risk control. Don't let greed = fear of loss risk ruin of an otherwise fruitful career
Hey guys,
While I don't have much to add to the channel....not yet any way
I feel bad not contributing anything...so here is a spreadsheet to log/track your trades...hopefully some will find it useful.
Thanks to Anek and all those who share.
While I don't have much to add to the channel....not yet any way
I feel bad not contributing anything...so here is a spreadsheet to log/track your trades...hopefully some will find it useful.
Thanks to Anek and all those who share.
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