This is a AAA thread! So damn the trolls and carry on Anek! This is my first post after lurking on ET for the past six months =) I've blown my first 10K stake over 4 months of trading and I'm now trading paper.Practicing price reading, S/R, spotting chart patterns. Will go live with my second 10K only upon doubling my 10K paper stake. Looking at the ES tonight and will post up a chart, please comment. Thanks!
This is what we got with NQ. A symmetric triangle. If experienced, play the extremes accordingly, otherwise wait for official breakout which could take a few days, not necessarily today. Anek
I am not 100% sure which formations you guys are talking about. I saw a double top formed late Friday when NQ touched 2231 after the close. The DT was firmly rejected as NQ pulled back almost 10 pts from that DT on Friday. This morning's low of 2193 was 1 tic higher than Friday's low of 2192. Looks like a DB to me on the longer term chart. What else am I missing?
First off I would like to thank Anek again for all his time in coming up with the charts to show us. After my first effort in producing a chart... I realised it is plenty of work!!!! ES morning chart 5000v. Got my trades in there with some burning questions. Hope somebody can share some relevant pointers regarding the questions. Will do up an ideal trade chart and ask for comments as well hope you all do not mind. dt
This is just a general observation... I'll let Anek do what he does best, but all of your morning plays to an extent I believe you got lucky. Today was a very trendy day. Many of your plays you didn't wait for confirmation and just took first hit of support/resistance. This provides you a good r/w but in general you will not get the win ratio that you observed early morning. The afternoon confirmed that. Your last long had absolutely no confirmation. Eventually this will lead to losses. You should have gotten out on the first widerange red bar. The bar that you shorted on was a narrow range bar and hardly something that would start a downtrend. Usually if you want to short/long breakouts wait till you get a wide range bar and the next bar retraces a little into the previous one so that you have confirmation but better r/w.
I have a question, but look at it more as blunt advice. What is your edge? When you can answer this and believe in it then you will not need answers.... you mention H&S, trendline break etc.... you need to know your odds of success after taking 3,000 of those trades before coming to conclusions that you took a bad trade.
can someone tell me how to post a chart on the thread? Using AHG I am net +4 this morning and done. Trading ES with 5000v chart and trying to strictly trade trends the way Anek teaches. What I appreciate the most so far is actually "seeing" the chart for the first time. Doesn't mean won't get stopped out many times, but it does promote a feeling of confidence. Will post a question later. Good luck to everyone on the thread.(not including trolls, of course.