Quote from nqcruiser:
As I already disclaimed, I am no AHG guru, neither do I have access to the latter day tradingroom to know the exact setups right now. I would guess the fewer the better it will suit Anek.
However, your Anchor chart is suspect. The 5m cant be anchor the 1m. It needs to be 10 times the entry chart or more. thats the reason I used 30m chart to anchor the 3m chart. The bottom line is the main trend on the anchor needs to do something and that something is usually revealed by price failng at a downward trendline.
Another thing, altough I did post a chart with candles rather than bars, the OHLC bars r much crystal clear when deciphering Anekdotens' lh, ll for shorts. A downtrend is depicted by lower highs and u may use to study mo charts in this regard.
regardless, i think we will make mo progress if u stick to chart that have proven over and over again easier to follow the AHG path. That is using 10k and 1k charts. I got smoked last on few trades on nq 1k, but will take mo notes to compare today.
I didn't see any recommened chart combination for FOREX. I wish I could trade future so there is a proven way to follow. I use 5m at here for trading chart, while 1h/15 as anchor, which I didn't show at here. 1m is pretty much I used to check the details. But thanks for telling me that the anchor chart should be at least 10 times than trading chart. I'll have a try on it to see if it could show things more clear.
You're right about OHCL bars. It makes waves easier to see. I still use candle because I have used it from the beginning and I also gave it a good investigation. Sometimes it can tell me some good information.