AHG - Profitable Strategy for Struggling Traders

Discussion in 'Journals' started by Anekdoten, Jul 19, 2007.

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  1. :D


    Anek
     
    #1851     Sep 21, 2007
  2. Calling it a day.

    I felt wiser today even though I made some good mistakes to learn off of.

    4 trades.
    1 winner.
    3 losers (should be 2 losers)

    My chart has comments.

    Today felt good based on my learning curve.

    -Tech
     
    #1852     Sep 21, 2007
  3. Anek,

    If you had to rank the setups based on order of strength, how would you rank them?

    My mind says:

    1) Double Tops/Bottoms

    2) Breaks of sym triangles

    3) 2 HH/LL

    4) The 1-2-3 Pattern

    Did I miss any?
     
    #1853     Sep 21, 2007
  4. Double Bottoms and Double Tops played correctly are by far the most rewarding and safe patterns in trading *if* done correctly.

    Logical stops

    Good Accuracy

    Great risk vs reward

    Price action for targets

    If a trader fails to scalp the market correctly only trading DB/DTs on multiple e-minis to improve the spawn rate would be enough for a very profitable living.

    I know plenty of traders who live off them.

    Anek
     
    #1854     Sep 21, 2007
  5. babe714

    babe714

    Rectangle S/R breaks ?
     
    #1855     Sep 21, 2007
  6. 1) Double Tops / Double Bottoms

    2) Rectangle/Horizontal breakouts

    3) Flags

    4) Triangles

    5) Failed head and shoulders

    That would be my order, personal opinion of course.

    Anek
     
    #1856     Sep 21, 2007
  7. That change of margin message I got seems to have gone away.
    Makes me nervous to get any kind of flashing message that says "MARGIN", kind of the feeling I get when there is no more beer in the frig. 1 quick trade today +1 nq. Using real money now.
     
    #1857     Sep 21, 2007
  8. A. Is this the correct interpretation of the early day triangle on the nq? And how would or did you play the triple top?
     
    #1858     Sep 21, 2007
  9. B,

    Looks good, that's pretty much where I bought it too.

    Anek
     
    #1859     Sep 21, 2007
  10. Hasta la vista....

    Anek
     
    #1860     Sep 21, 2007
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