AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
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Anek, Brutus,hwk, ,Piscuy, et al and all those too numerous to mention: Thanks again for your selfless efforts and the tremendous educational experience you have provided. I could have read 100 trading books and still would not have learned a tenth of what I have picked up here. Personally, I am still on sim and wont go live until I have at least 3 months profitable trading. I would like to continue on the channel but schedule does not allow me to trade more than 3 or 4 days out of the week. My question: do those of us who have followed in the channel in the past need a new password?
Way to Go Anek, hwk, Brutus and team!!!! You must have set a record for quality postings and high "signal to noise", posting trades in real time, excellent documentation, etc. etc.
No 2 lower highs, no 2 lower lows, I'm staying put.
No 2 higher highs, no 2 higher lows, I staying put.
But if a double B or a double T then one might do the trick!
Sorry I did not post more, but doing 10 things at the same time right now. (Plus, I am something of a slacker myself!) Wishing you all the very best!
No 2 lower highs, no 2 lower lows, I'm staying put.
No 2 higher highs, no 2 higher lows, I staying put.
But if a double B or a double T then one might do the trick!
Sorry I did not post more, but doing 10 things at the same time right now. (Plus, I am something of a slacker myself!) Wishing you all the very best!
Kinda late but,
cire and kidPWR
here i am with my remarks from 3-4 thread pages ago
So, the HH-HL or LL-LH pattern in trading is a very reliable one, however some markets (like currencies that i trade) unfortunately don't have that kind of "keep on going, 5,6 swings/trend" kind of action.
Most intraday currency trends have 3 classic i might say phases, the first buying that is usually a retracement in the former trend that just goes too much and turns the whole thing around, then there's phase two, and when phase two, normal buying action ends, you get the HH-HL pattern AHG has been (and new and old traders should thank god for him) talking about.
Now, after this point there's only one more phase, phase3, which can be either a retest or an all-out panic. In only about 10-15% of the cases there's a fourth swing, let alone a 5th. there's not much panic on currencies unless any big news event.
So basically, i can only play the HH-HL pattern for a retest of the previous swing high.
What this means is that i can't go for more than 1:1 (i would only rely on those 15% of the times when a clear 4th swing is created).
Reversal patterns can yield you more than 1:1 because you are given the chance to stay in a trend from beginning right up to exhaustion with little risk, however a reversal play is against probabilities because you are buying all-out weakness.
Back to my 1:1. I say, it's a fair risk:reward because you have other tools to have money in this case:
a) take profits on half of your position after 2/3 of your target has been accomplished
b) when position against you close 1/2 of your position at 1/2 of your risk and then look to get out with the other half at breakeven.
c) only look for price action that looks the best. this way you will end up after some screen time with a 60-80% win/loss because you have learned to not take any crap from the market.
d) use a higher timeframe market structure filter. this again can raise win/loss.
e) ultimately, relax and be ready to jump in when things look good and not have any feelings that you are missing an opportunity or that you HAVE to do something.... Usually these are the main problems. Instead of having patience, you set yourself a weekly goal (as opposed to a monthly goal) and then stress yourself if a day goes by without any trades
cheers
PS: Anek, i deeply respect you and what you have done for everybody on this thread. It's true value and an example to follow.
cire and kidPWR
here i am with my remarks from 3-4 thread pages ago
So, the HH-HL or LL-LH pattern in trading is a very reliable one, however some markets (like currencies that i trade) unfortunately don't have that kind of "keep on going, 5,6 swings/trend" kind of action.
Most intraday currency trends have 3 classic i might say phases, the first buying that is usually a retracement in the former trend that just goes too much and turns the whole thing around, then there's phase two, and when phase two, normal buying action ends, you get the HH-HL pattern AHG has been (and new and old traders should thank god for him) talking about.
Now, after this point there's only one more phase, phase3, which can be either a retest or an all-out panic. In only about 10-15% of the cases there's a fourth swing, let alone a 5th. there's not much panic on currencies unless any big news event.
So basically, i can only play the HH-HL pattern for a retest of the previous swing high.
What this means is that i can't go for more than 1:1 (i would only rely on those 15% of the times when a clear 4th swing is created).
Reversal patterns can yield you more than 1:1 because you are given the chance to stay in a trend from beginning right up to exhaustion with little risk, however a reversal play is against probabilities because you are buying all-out weakness.
Back to my 1:1. I say, it's a fair risk:reward because you have other tools to have money in this case:
a) take profits on half of your position after 2/3 of your target has been accomplished
b) when position against you close 1/2 of your position at 1/2 of your risk and then look to get out with the other half at breakeven.
c) only look for price action that looks the best. this way you will end up after some screen time with a 60-80% win/loss because you have learned to not take any crap from the market.
d) use a higher timeframe market structure filter. this again can raise win/loss.
e) ultimately, relax and be ready to jump in when things look good and not have any feelings that you are missing an opportunity or that you HAVE to do something.... Usually these are the main problems. Instead of having patience, you set yourself a weekly goal (as opposed to a monthly goal) and then stress yourself if a day goes by without any trades
cheers
PS: Anek, i deeply respect you and what you have done for everybody on this thread. It's true value and an example to follow.
Alex,
Thank you for insights and kind words.
We kind of started AHG II in the channel and when only a few started participating then that's when I decided to take the next phase private.
Basically, in AHG II we determine which are the meaningful pivots that could cause the trend to end therefore initiating reversal positions (against the immediate trend) with massive risk vs reward. Sometimes even surpassing 10x.
As the "new" trend is growing we apply AHG I into it and in a sense we get the best of both worlds.
Quite frankly, similar to what you described in your last post. The key is determining those S and R pivots with care.
All the best,
Anek
Thank you for insights and kind words.
We kind of started AHG II in the channel and when only a few started participating then that's when I decided to take the next phase private.
Basically, in AHG II we determine which are the meaningful pivots that could cause the trend to end therefore initiating reversal positions (against the immediate trend) with massive risk vs reward. Sometimes even surpassing 10x.
As the "new" trend is growing we apply AHG I into it and in a sense we get the best of both worlds.
Quite frankly, similar to what you described in your last post. The key is determining those S and R pivots with care.
All the best,
Anek
Regarding chatroom.
What's that? A mood swing?
If you wanted all 100++ people participating in a conversation you'd end up with a biggest mess possible.
None,I mean even a single chatroom exept those with few ppl have 100% participation in chatting.Most of them has a few active chatters.The others say no words somethime for months.
Oh,well it's your room.
Do whatever you want.
Regards
What's that? A mood swing?
If you wanted all 100++ people participating in a conversation you'd end up with a biggest mess possible.
None,I mean even a single chatroom exept those with few ppl have 100% participation in chatting.Most of them has a few active chatters.The others say no words somethime for months.
Oh,well it's your room.
Do whatever you want.
Regards
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