AHG - Profitable Strategy for Struggling Traders

nice trading. Would you mind telling us the time of day you entered?

thanks

J

 

J,

Look at my posts yesterday.

Anek

 

Anek,

Is that a double top playing out in NQ from around 2199.50, starting from around11:46 EST? Missed it though.

Thanks
DisciplineTrader

 

Closed the swing on the ugly lunch move and cashing the balance for aprox +20.00

Skipping the afternoon.

Skipping OEX.

Hope everyone has a good weekend.

Anek

 

What is OEX? Option expiration?

thanks

J

 

Yes,

OEX is options expiration. It is this Friday.

 

Anek(anyone),

Is a failed inverse head and shoulders a viable pattern?
Nice little HS fail move this morning on NQ. I didn't catch it, but I've seen these before. Seems to me that they need attention.

-Tech

 

http://www.elitetrader.com/vb/showthread.php?s=&postid=1620367&highlight=played#post1620367

 

Is this in response to my post?
If not, sorry for jumping to conclusions.

I meant a failed inverse head and shoulders breakout only to fail and reverse.
It's no longer a dragon in my book.

-Tech

 

Very nice play.

Well today was again my worst day in 2 weeks.

-350 for the day.

Biggest dayis still +900 so i still know im doing ok as far as statistics go.

Honestly think that my time frame with 333 vol is good for really fast moving markets but in markets like today I just get chopped up hard.

Lots of good opportunities on higher time frames like 1500 that i should have taken but didnt because i was trying to catch a few points here and there.

I am eliminating the 333 time frame from my trading starting today unless we have a huge move that I cant catch with the higher time frame.

Lots of moves somehow got away from me today, too despite the general pace of the market.

Looking at the longer time frame, as I've said is an entirely different story and I see tons of opportunities. I just couldn't get myself to stop nickeling and diming today on the entries.

Also... I am attaching a very embarassing screenshot. I kept trying to buy the lowertime frame dips as the trendline was being broken and i got stopped out each time as the bigger time frame was down.

Please look at this screenshot and take it as a lesson in what NOT to do. I was buying countertrend and i was doing a really shitty job of it. At the time, i didn't even realize what i was doing. And whats even funnier is i had that longterm trendline drawn in and I still kept on buying. I can't even begin to say how stupid I feel for doing this...