Price Action

Let's please keep this thread on topic and leave your flaming (all of you) to somewhere else. I cleaned up some of the stupid posts that didn't belong here. Please don't make me do the same with users.

Thank you.
 
Quote from 1a2b3cppp:

Yeah that sounds about like what I heard.

What was the point of the AHG thread? To throw everyone off?
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His trading has evolved since the thread.
 
Quote from Dackster:

There are not many members on here who can actually read price action. The reason for this is because they do not know why or how price is moved.

How do i know this?

Most members on here use charts only, and have only ever used charts, so they do not possess any real trading knowledge, and so give out incorrect information on price action.
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Quote from illiquid:

I agree there's no consensus on what defines PA, but for me I never thought price action had anything to do with charts, or more specifically, charts are not needed to trade price action if the time frame is short enough (intraday ~ a week). For me it's all tape -- just bid/ask/last and a decent memory.

One thing I'll say is: if you're trading intraday using only a chart (aka last price), you are not trading PA.
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Gentlemen:

What information is it that I can’t get from a chart that you are able to see on the Time&Sales or wherever you get your info?

I watch price move on a chart. 5 minute mostly but look at longer time frames right out to weekly.

I define reading price action as making trading decisions based on how price reacts to previous S $ R levels.

Just curious as to what advantage you feel you have.
 
Quote from 1a2b3cppp:

Yeah that sounds about like what I heard.

What was the point of the AHG thread? To throw everyone off?
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That thread was the evolution of his trading. He no longer trades like that thread suggests, it has evolved since then. He can call tops and bottoms, and very accurately. He does not use stops anymore, nor does he have to, he is that good now. Incorporating volume increased his accuracy from ~40% to near 90%. By now I doubt if he ever takes a loss b/c his money management is so superior if he's ever wrong (which i doubt), he can get out of his position and still be in the black. He had to move away form NQ b/c he hit liquidity issues on fills. He was trading 300+ ES cars just last year, probably much more now.

His methods in that thread take many years to learn b/c screen time is the biggest edge and its also very discretionary.

Yes I have spoken to him on multiple occasions in an AHG chat room and in a private sessions more than a few times.
 
Quote from 1a2b3cppp:

Does anyone have a link to the post where someone from Anek's group was talking about how all the HH/LL stuff mentioned in that thread, all the indicators, etc. (and in the .doc) isn't how they actually trade? That they don't "go with the trend" and they routinely and accurately call tops and bottoms?

Then again, a bunch of people say Anek isn't even a trader and all his charts are posted after the fact, etc.
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who says he is not even a trader and his charts are posted after the fact?
 
Quote from konviction:

I did a search for the AHG thread and he says on page one that he doesnt like to use indicators, then on page two, he posts a chart riddled with indicators http://www.elitetrader.com/vb/attachment.php?s=&postid=1537294 . lol...ok. Is it worth reading? Did he blow up or something? He hasnt posted in over a year and a half.

kon
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if you call being retired, trading 150 ES cars a pop swing trading when your bored at home and kids are at school....sure.
 
His method sucks. I read jmonday's post, I thought he was sarcastic, realized he was being real. Another shill for anek who probably couldn't shift $2 to his account trading ES.



I do know price action, and that is verifable.
 
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