AHG - Profitable Strategy for Struggling Traders

Swing low, the bull is gone for now.

Time for pain medicine.

Anek

 

I hear ya brother!

 

I understand your point. Out of curiosity, have you ever considered a sub-one-minute chart, say, a 15- or 30-second chart? Would that not also provide more info than a 1-minute chart? Of course, I'm not asking that you change your approach. (Why fix something that ain't broke?) Rather, I'm just trying to better understand your preference for an activity interval chart as compared to a time interval chart.

 

T,

I have unfortunately my charting software of choice does not have them, it has been a request for so long by many TS users.

15 sec would be very nice

Anek

 

If you really are "trying to better understand Aneke's preference for an activity interval chart as compared to a time interval chart":

a) give this thread a good read over

Volume, Range and Tick Charts

b) setup the charts according to the parameters that Prof Logic gives very early in the thread.

c) watch the price action during RTH every day for a period of no less than 3 months

d) review the charts every weekend for at least oh, 10 hours, and preferably, 20 hours for the entire weekend.

At some point, you will begin to remember every trade that setup for the previous week and what its outcome was. When you see that same setup again, you will take that trade ... and it will fail.

You will then continue to take that trade for the next 100 setups, and depending on how good you've done your homework/how perceptive you are/how talented you are/ anywhere from 70 to 80+ of those trades will be profitable.

Good trading,

Jimmy Jam

P.S. That message isn't so much posted to Thunderdog as it is to all the followers who say they want to learn how to trade ... at this point, the knowledge is all there.

 

Has there been any comments to the above observation. I get trapped all the time.

 

I personally don't find them to be very useful, but here you go.

Good trading,

JJ

 

Hi

Not to go out of context, but its interesting to see Oil and gold making all time records. Oil getting close to $100 and Gold close to $850 all time high.

DT

 

Thanks for posting that JJ.

Anek

 

You have to use a filter through which you can view price action.

Some traders use:

a) higher time frame
b) moving averages
c) other comfirming indice or indicators

Experiment, see what what works for you. Do the homework every weekend until you are getting the results you want.

Good trading,

JJ