AHG - Profitable Strategy for Struggling Traders

If in a downtrend, you want to find the weak bars in the pop ups.

If in an uptrend, you want to find the strong bars in the retracements.

...and they say ET does not have useful strategies pftttttt

Anek

 

It's mentioned twice in the thread.

Entry and target are limit orders, stops are market orders.

 

True but if I see a very strong signal, I will do market as entry.

The difference between winning and lossing it's not going to be that one tick spread but the combination of your edge and personal mental fortitude.

Anek

 

I'm looking for screenshots of a fairly normal chart type (ie no 1 tick or 10 share charts) for any of the e-minis that has the following:

"M" Formation at the bottom

"W" Formation at the top

(they must not be on the same chart)

The more the merrier.

Thank you for your help, you can post the screenshots in the journal.

Anek

 

Hi Anek,

The evening star pattern you marked on the today's NQ chart around 10:15, can you please tell me is it what you look for in reversal.

I searched in google and found the standard evening star pattern. For this pattern, the range of the "star" should be small, is that correct?

Can you please tell what kind of candlestick reversal patterns you use. Is the evening star pattern as strong as a double top pattern?

Thanks
DisciplineTrader

 

The tail is a sign of selling (in this example) -- it can also be seen as a failure to move in the intended direction.

Keep an eye on these failed poke bars -- it is a good place to go fishing.

 

D,

The shooting star was just an extra confirmation, nothing else.

I was looking for weakness, found it, took it, done.

Anek

 

Here are two of each.

 

How do i do multiple attachments in one reply?

 

Bbox,

First of all, thank you for the chart.

On the chart I see the usual M at the top and a W at the bottom.

I'm actually looking for the absurd, an M at the bottom and a W at the top.

Anek