AHG - Profitable Strategy for Struggling Traders

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I had a good trading day today. The trades were pretty much classic AHG but on the ES rather than the NQ that most are using. The first trade was a Porn69 with the anchor chart direction, good for 10 to 12 points, trade2 was AHG continued down trend but I had a bad entry as I didn't wait for pull back and therefore was stopped with a 2.75 per contract loss. Trade 3 was AHG continued downtrend but with a tight stop that got hit for a basic break even. Trade 4 was a runner. It was an AHG short even though it slightly pierced the DTL the resistance at the close of yesterday(purple line) and yesterday's high(green line) told me to expect a down move. My stop was 1 tick above yesterday's close, .75 above the entry and the trade took no heat. I exited my final exit a little early but notice the low of the day at 1308 was right near the major pivot support of 1309.50 from March 4, 2008
 

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Shep awesome trading...


Even with your small loss and then the breakeven trade that you might have been able to use a bigger stop on if it fit your plan, you still did good.

This just shows how simple this trading style can be, but how effective.
 
Quote from keiha:

Hi, I've been reading about AHG for a few months and have a question about a trade. This afternoon NQ had a strong uptrend with a 3rd touch of its trendline at 2:25pm. A chart is attached. Which bar would be considered the 3-bar reversal and entry?

If the 2nd one, that's nearly a 4 point stop below the swing. How would AHG handle this trade?
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I believe AHG is slowly gravitating away from using *this* type of entry, or *that* type of entry.

As long as you are entering in strategic points for whatever reason with targets> than your risk, I think you are doing fine.

I think it's really inconsequential what you define a 3br as to tell you the truth.

You could have just as easily entered with a limit on the trendline, or on the first green bar, or on the first bar to break the previous bars high, etc.
 
Hey AHGers,

I hope everyone was profitable today. I don't post much here because i spend most of my time in the chatroom. I wanted to post my chart of my ES trades using AHG as it might be encouraging to some of you.

My stats today were 35.5 ES points, 7.5 NQ, and & 7.4 ER2.

I focused mainly on ES, so out of the three i decided to post its chart.

BTW, i am relatively new to trading (since Fall of 07), so to anyone who's struggling...YES this method does work and if you're persistent enough there is definitely hope and you will be successful. Besides the -4 points lack of discipline trade i had( still kicking myself for that one), everything else is from what i learned from Anek and screentime.

Good luck to everyone

-born4th aka 4thborn-
 

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Quote from 4thBorn:
My stats today were 35.5 ES points
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4thBorn, well done!

What are the horizontal lines on your chart? The E-motion lines are defined as:

low of the day
high of the day
midpoint high-low of the day

Am I wrong? What are you using as E-motion?

Thanks again
 
4thBorn -

Awesome work today!

Two questions, please:

1. How did you know to go long at ~10:50, since the market was still making lower lows and lower highs prior to that?

2. Where can I get the file for the ME lines on Ninja?

Thanks!

Sandy
 
Quote from ramora:

4thBorn, well done!

What are the horizontal lines on your chart? The E-motion lines are defined as:

low of the day
high of the day
midpoint high-low of the day

Am I wrong? What are you using as E-motion?

Thanks again
More...


Hey Ramora,

Thanks, the horizontal lines on my chart are the E-motion lines. While the HOD and LOD are able to be plotted i choose not to have them on there. I found that it gave me a bias once price got near those points, so I got rid of em. The lines that i left on are the 25%, 50%, and 75% points.

-4th-
 
Quote from sandygray66:

4thBorn -

Awesome work today!

Two questions, please:

1. How did you know to go long at ~10:50, since the market was still making lower lows and lower highs prior to that?

2. Where can I get the file for the ME lines on Ninja?

Thanks!

Sandy
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Hi Sandy,

There were several things that let me know price was going higher. Notice though, i did attempt a short there but got out with a small loss once i saw some of these signs:

1. Since there was a significant drop in price overnight i knew it was a good chance there would be a gap fill

2. The mini downtrend line had been slightly broken

3. There was a subtle double bottom right there, coinciding with the TL break, hinted it may wanna go up

4. On time and sales, i saw some buy orders building up on the tape

5. Once price got above the lower ME, plus all the other things i mentioned, i had a feeling that it was going up

The play was a little more advanced than basic AHG. It was basically a lot of stuff that i've learned from screentime :-)


The MarketEMotion indicator is from 10-15-07 in the journal (not sure what page sorry)

-4th
 
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