click the edit/delete on your post. check the delete on the upper left and press the delete button on the upper right. That's how I did it.
I took another random chart and produced a brain salad surgery on price action. It's got more info than you can possibly digest for a single chart but it would help if you make an effort to follow the logic. I'm doing AHG at an extremely micro level. When I used to trade in public channels people used to ask me, how do you trade with such small stops, how do you do it, well this is it, no magic. Small losses, small wins and the occasional monster play and your confidence goes from 0 to 60 in 2 seconds. Hope it helps. Anek
Confidence Believing is your system and methodology is extremely important in trading. Having the discipline, to accept the fact, that when we are wrong the OPTIMAL scenario is the quick stop, no questions asked. In an effort to build your confidence here is a chart of nothing but losses. Any real harm done ? Anek
Faith You did not really think we could not profit from such a chart right ? Winners make the losers look like ants. Anek
B, Good job, answer can be found on "faith". On a side note, the reason why I included it the long on "Confidence" is because there is a strong possibility I might have taken a quick long scalp there as a mistake. The reasoning behind it is that a small mistake can't kill us, with discipline and confidence in price action, we are untouchable. Anek
Hi Anek, I'm a daytrader at a Prop firm. My startegy is mostly to look for reversal or momentum patterns with avging down until a break of support or resistance but after reading your journal i am thinking i would very much want to improve my risk/reward profile by avging up instead! I usually play high volume below $10 stocks. I am curious since you've apparently traded stocks before, did you use AHG or some variant of it then? Do you have some suggestions as to what type (price, volume, med term trending up/down, ?? ) of stocks to trade? I was looking for opportunities to possibly use AHG but i dont get see many opportunties as in the super high volume futures examples you provide. Thanks in advance and I appreciate your incredibe giving attitude!! Glad you're back! ps. I see you've suggested the "Trading Chart Patterns like a Pro" by Suri Duddella as being superior to Bulkowski's work. Is that opinion based on Bulkowski's Chart Patterns 2nd edition (2005) though ?