AHG - Profitable Strategy for Struggling Traders

Status
Not open for further replies.
Alright, don't blast me on this one..... I have read as much as possible.

Why was 84 the pivot Friday? Wasn't there a pivot high on Thurs at around 2:30 (CST) around 1758 that was broken through Friday morning?

How did you know that 84 has the high to short against and not 58?

I understand that the trend was down and hard over the last two days, but I just don't understand how you know to trade against that pivot. Is this where the 1000k chart comes in, and if so, are we still supposed to wait for 2 LH, 2 LLs, because I did not see them at the 84 level.

Please don't get me wrong with my questions - I love this thread, and everything that everyone has contributed, and am only trying to understand.

The concept of no trading until the 2 HH/HL or vice versa are established is great, but doing that only on the entry chart , I know I am missing the bigger picture, and getting either chopped up or missing the moves that matter.

I haven't posted much here on ET because frankly there hasn't been much worth commenting on, but been visiting for years. This thread is different, and I feel like I am that close to the lightbulb going off - just getting frustrated.

Thanks to anyone willing to respond to my ramblings
 
Quote from tjh9876:

Alright, don't blast me on this one..... I have read as much as possible.

Why was 84 the pivot Friday? Wasn't there a pivot high on Thurs at around 2:30 (CST) around 1758 that was broken through Friday morning?

How did you know that 84 has the high to short against and not 58?

I understand that the trend was down and hard over the last two days, but I just don't understand how you know to trade against that pivot. Is this where the 1000k chart comes in, and if so, are we still supposed to wait for 2 LH, 2 LLs, because I did not see them at the 84 level.

Please don't get me wrong with my questions - I love this thread, and everything that everyone has contributed, and am only trying to understand.

The concept of no trading until the 2 HH/HL or vice versa are established is great, but doing that only on the entry chart , I know I am missing the bigger picture, and getting either chopped up or missing the moves that matter.

I haven't posted much here on ET because frankly there hasn't been much worth commenting on, but been visiting for years. This thread is different, and I feel like I am that close to the lightbulb going off - just getting frustrated.

Thanks to anyone willing to respond to my ramblings
More...

who said 84 was pivot?
what specific post are you reffering to?

Are you confusing the 54-55 area being the ressitance with 84?
 
0222100740: <kidPWRtrader> anek u short from yesterday
0222100740: <kidPWRtrader> ?
0222100743: <fish> gj shep
0222100805: *** higherhigh (~higherhig@ppp-67-124-89-157.dsl.pltn13.pacbell.net) has joined channel #ahg
0222100805: *** Mode change "+v higherhigh" on channel #ahg by mekas-bot
0222100806: <Anek> no, from pivot
0222100817: <profittrader2> look at these short opportunities on my anchor
0222100822: <profittrader2> http://img255.imageshack.us/my.php?image=anchoropsforfrivi4.png
0222100823: <Anek> 84 area
 
Why was 84 the pivot Friday? Wasn't there a pivot high on Thurs at around 2:30 (CST) around 1758 that was broken through Friday morning?
More...

this was a High point where priced started to climb up and could no longer climb any higher so instead it started to go down.
when trying to find a pivot ask yourself 'if you went short around that area where would your logical stop be at?'
your answer needs to be couple of ticks above the last high which would make that high a pivot.

How did you know that 84 has the high to short against and not 58?
More...
not sure where the 58 is coming from but i can tell u that when the 84 was making a high there was no way in the world u can be sure thats the high, trading is not about black or white ....just logical entry / exits / targets with a system that gives u an edge. That edge is not a 'magical system' just a way to make sure you come out ahead in the long run.


I understand that the trend was down and hard over the last two days, but I just don't understand how you know to trade against that pivot. Is this where the 1000k chart comes in, and if so, are we still supposed to wait for 2 LH, 2 LLs, because I did not see them at the 84 level.

Please don't get me wrong with my questions - I love this thread, and everything that everyone has contributed, and am only trying to understand.

The concept of no trading until the 2 HH/HL or vice versa are established is great, but doing that only on the entry chart , I know I am missing the bigger picture, and getting either chopped up or missing the moves that matter.

I haven't posted much here on ET because frankly there hasn't been much worth commenting on, but been visiting for years. This thread is different, and I feel like I am that close to the lightbulb going off - just getting frustrated.

Thanks to anyone willing to respond to my ramblings [/B]
More...

Ok let me try to explain how i see it.
you need 2 charts one is entry and one is anchor. use the anchor to determine OPTIMAL places to buy/sell with stops/targets

use the entry chart to actually make the entry into the trade. Think about a downtrend that starts to rally toward the TL which is drawn in the anchor chart. as it aproches the entry chart look for an entry on the entry chart a 123 pivot for say. when it happens enter the trade , stop above last pivot. use your anchor chart to determine target of last support and your trade is on...it will either work or it wont.

attaching chart to try to explain the 84 being a pivot as well.
if you have TS (or other software which has feature) Turn tracking for both an entry & anchor chart and look at the little circles i made on the attachment do u see where on the entry chart you would enter?
 

Attachments

Anekdoten,

Thank you for this, i am up to page post 240 so far. Sorry if this is already asked, but do you strictly use the tick charts?

For YM, what do you think about applying your strategy to a price/volume chart with say 100 contract per volume bar? As per my understanding, price/volume chart would filter out the noise of the tick chart as it has a constant # of contracts for each bar.

Is there anything in your strategy that needs to be changed if using a price/volume instead of a tick chart. thanks
 
Status
Not open for further replies.
Back
Top