AHG - Profitable Strategy for Struggling Traders

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095938: topguntrader1... think of RR
095945: topguntrader1... i don't think of anything else but RR
095958: topguntrader1... if a setup has a potential for 3-5RR, i take it
100008: topguntrader1... i can't care less if i get stopped out

161431: ymtrader for the 1st test of a TL, do u evaluate for both TL bounce as well as TL break for r:r or do you prefer TL bounce only
161604: topguntrader1 it is all relative
161634: topguntrader1 sometimes i do both
161651: topguntrader1 u gotta create if scenarios
161755: topguntrader1 if it bounces, and u get confirmation, then there is likelihood it will break to new highs, however, if it doesn't and confirms my TL break and there is a potential for a retest to anchor, then I would just reverse position
161818: topguntrader1 as long as the potential RR is there
161830: topguntrader1 ym, i think u complicate things too much
161831: topguntrader1 lol
161839: topguntrader1 keep it simple
161849: topguntrader1 it really works or not
161856: topguntrader1 my accuracy is lower than 50%
161907: topguntrader1 some days, i may be right 90% of the time
161915: topguntrader1 other days, i am right 20%
161926: topguntrader1 in the long run, it averages up to about 40-50
162008: topguntrader1... there is really no perfect setup
162149: topguntrader1... i wish there was a way..i have really stopped looking for it. The stuff that matters is how you slowly increase size as your account grows
 

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Quote from Sniemiec:

I know, I know, time bars...but I can't get volume/tick bars that go back this far.

ES:

es130208bw4.gif
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Looks like a breakout.

es180208uk3.gif
 
cannot count the overnite session, u can but its often an exaggeration of reality,due to lack of trading houses and funds involvement
 
The breakout failed last time, if you look at the chart.

Would you not draw the line on top of the last breakout?


Quote from bugsbunny:

for a confirmation price should also close ABOVE last swing high
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does anyone know (since anek seems to still be on vacation) if you can apply anek's emini strategies in this thread to regular stock trading (equities)?

The higher highs , lower highs etc seem to fit in with trading stocks, the same as e-mini's.

Anek said earlier page his friend used the same principles he uses to trade e-mini's with, to trade forex with and was successful. Maybe same works for stock trading.
 
Bill,
The core of this thread is about price action which is made by the buyers and sellers. If the security you are trading has prices created by buyers and sellers, then yes, it applies. e-mini, equities, forex, commodities, etc.
The same price patterns are created by charts for all of these, higher highs, double tops, etc.
Eminis and futures in general have a few advantages over equities such as built in leverage, less income taxes applied, 24 hour (almost) trading to name a few.
 
Quote from bugsbunny:

for a confirmation price should also close ABOVE last swing high
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Yup.

Quote from gwac:

The breakout failed last time, if you look at the chart.

Would you not draw the line on top of the last breakout?
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I'm not sure which line would be 'correct' but I haven't moved the line from last time. Anyone with better knowledge on this care to chime in?
 
well thank you BBox for the information. I can use this bible then(thanks to Anek so much) to learn how to trade stock equities better.

As I was reading thru it, it seemed to fit with trading equities so well I just kept reading. Now I can read all 1000 plus pages whatever.

I notice all the emini traders asking Anek questions and posting their charts and all, but I don't see any stock equity traders asking questions etc. That's why I wasn't sure this thread applied to stock traders.

Of course it's about emini's so why would stock traders be reading this?

Still it would be nice if Anek could just mention "this thread applies for stock trading too"
 
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