AHG - Profitable Strategy for Struggling Traders

5000 vol es chart for the period in question

AHG setup shows up, kind of



At about 11:58 there is a white bar higher than the rest with a straight line above it (are those straight lines just marking a swing high/swing points?)

exactly , I just drew them in (little green horizontal lines)

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How would you know not to go short there?

Now I probably wouldn't have gone short because the overall trend was long

 

could you please help us in explaiig what those white vertical bars are..seems like u r using QT ..do u have some paintbar logic for that..would you mind sharing the code ...would like to create simmilar chart and compare...thanks

 

but how do you recognize pullbacks vs trend change?

Thats the $64k question , Maybe just visually look at it and make a judgement . To help some use fibs , T/L breaks, indicators of all sorts, 123 reversals etc. Never know for sure , thats why we have stops . Note in the yellow box , there was a 123 reversal that would have put you long off the 2500 vol chart.

 

I believe those are bars showing no change. Open and close are at the same price.

 

could you please help us in explaiig what those white vertical bars are..seems like u r using QT ..do u have some paintbar logic for that..would you mind sharing the code ...would like to create simmilar chart and compare...thanks


Bill ,

I am using QT with IB feed and IB backfill . Different feeds and backfills will produce slightly different charts .

the white vertical lines are obviously dojis , ( bar open price = bar close price ) Not using any special paintbar logic to get them .
Right click on chart > chart type > vollume OHLC is all I did to get current configuration .

You may want to try > options > edit preferences>charts> miscellaneous> candles color ohlc bars using prev close,neither intraday or historical is checked .

 

On the pullback vs trend change question. Just read the beginning of the journal. Trend change needs two LL or two HH.
Unless double top or double bottom, then just one.

 

Ah ok, I think that helps me a bit. I was thinking just ONE LL or HH. But it has to be 2 for a trend change. I have that noted somewhere but forgot about it.

I guess it's all somewhat subjective though still.

Babe - thanks for posting those other charts also. It's nice seeing the difference between the three. Aren't there still plenty of opportunities with the other charts though? I am seeing an entry at around11:25 with the 10000. Then 2 LL are made at around 11:59. So depending on your stops, you may have been stopped out at that point thinking it was a change in trend correct?
Or am I reading this wrong?

 

The way I see it, if the trend changes, I will be stopped out. No ifs, ands or buts. If I am in a trade already, I will be stopped out of it. If I just initiated a trade, my stop will be hit on that.

Then, I wait for confirmation in the form of another HH and HL (or vice versa), and enter on the pullback (I use Stealth Trader's nifty 3 point reversal shown earlier in the thread, or I use stochastics and stochastics momentum because I am partial to Buffy's BLine - it's what I'm most familiar with, and I don't have Anek's nifty circle graph).

Then, if I am stopped out of that, I know that we are in chop, and another type of pattern is forming, or something is happening that I'm not familiar with...

Anyhoo, that's how I see it so far...

 

LOL.. I told you I’ll catch up with all the posts on this Thread – up to my previous posting. Read every single post!! After 128 pages of excitement I now only have 59 to be current. Bet it will get close to 100 pages by the time I get there, haha. Once again, awesome work guys!! I can see light near the end of the tunnel.

One thing to note: Why don’t you sell all the position at the sign of a reversal (before a retracement) of a rally, and then buy back at once it starts to reverse back with the trend? If you like to scale in and add more cars, then sure you could do that as well, just add the number of previous cars used to the current trade. Same risk, more rewards. Only downside I can see is you might miss occasional Big rally.

I might have some questions in regards to the constant share bar but I’ll keep that until I’ve read up to the very last posts.


KiwiRoo

 

if you change the setting of the "number of posts a page" to the maximum value, then you will have only 28 pages to read.