AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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I had a few guys want an explanation of the micro nipple set up. So here are a couple chart with annotations.
shttp://img172.imageshack.us/my.php?image=mondaymar3morninganchorvx6.pngo
http://img253.imageshack.us/my.php?image=monanchormarch32vd2.png
shttp://img172.imageshack.us/my.php?image=mondaymar3morninganchorvx6.pngo
http://img253.imageshack.us/my.php?image=monanchormarch32vd2.png
Sorry the first link was bad
http://img172.imageshack.us/my.php?image=mondaymar3morninganchorvx6.png
http://img172.imageshack.us/my.php?image=mondaymar3morninganchorvx6.png
I would just like to take a moment to reflect on win ratio.
For the longest time I spent looking for a setup that yielded a high % win ratio and I was getting nowhere as far as winning days were concerned.
Within the past 2 months I started noticing that when I just followed the trend and bought every pullback mercilessly I would mysteriously make money. So, I vacillated between the two methods for a while with most of my winning days due to my "dumb" strategy.
Then, 2 weeks ago it hit me that I had no need to complicate anything. In my entire time trading futures since the start of this journal, I have come up with 1 non-related AHG setup that has a high % win ratio and I *dont* use it often because it doesn't make the most cash. Grinding it out following the trend, is the main bread and butter.
I started trading with the trend and buying every single pullback as an experiment. 8 days later I had no losses and most of my days were big updays. Today I had a downday of -220 dollars. I had one trade left on before i went to school. I had my limit to sell @ 1770 with a loose stop.
Though I don't trade afterhours, my target got hit for a gain of 21 pts. I am not even counting this as a winning day, but this is the thing about this style of trading.
If you can accept a low win ratio, the next step is to let your winners run. My win ratio for the last two weeks is <40 %. I routinely get 3-4 losing trades in a row. And that doesn't phase me. I think I am the most consistently wrong trader in the room, but I have been doing just fine.
I hope this might spark a lightbulb for someone whose having trouble. Don't be afraid to get stopped out. Every stop brings you one step closer to a home run trade.
For the longest time I spent looking for a setup that yielded a high % win ratio and I was getting nowhere as far as winning days were concerned.
Within the past 2 months I started noticing that when I just followed the trend and bought every pullback mercilessly I would mysteriously make money. So, I vacillated between the two methods for a while with most of my winning days due to my "dumb" strategy.
Then, 2 weeks ago it hit me that I had no need to complicate anything. In my entire time trading futures since the start of this journal, I have come up with 1 non-related AHG setup that has a high % win ratio and I *dont* use it often because it doesn't make the most cash. Grinding it out following the trend, is the main bread and butter.
I started trading with the trend and buying every single pullback as an experiment. 8 days later I had no losses and most of my days were big updays. Today I had a downday of -220 dollars. I had one trade left on before i went to school. I had my limit to sell @ 1770 with a loose stop.
Though I don't trade afterhours, my target got hit for a gain of 21 pts. I am not even counting this as a winning day, but this is the thing about this style of trading.
If you can accept a low win ratio, the next step is to let your winners run. My win ratio for the last two weeks is <40 %. I routinely get 3-4 losing trades in a row. And that doesn't phase me. I think I am the most consistently wrong trader in the room, but I have been doing just fine.
I hope this might spark a lightbulb for someone whose having trouble. Don't be afraid to get stopped out. Every stop brings you one step closer to a home run trade.
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