AHG - Profitable Strategy for Struggling Traders

Einstein/Osho,

I suppose the answer lies in which chart are you trading off ? and what kind of trade are you formulating here ?

Is it a scalp ?

Intraday swing ?

Never enter a trade without a real solid basis for it and you better make sure it has potential to reach a target that is bigger than the risk.

Now, this does not mean that as the trade goes your way you can't adjust your stop to reduce risk, that's fine, but dont' get too close on say the common (moving stop to BE) because as price moves in waves room must be given so the bulls and bears can battle it out without taking you down because you got too close to the battlefield.

I do not believe in 1:1 risk trades and I don't like big stops unless the target surpasses that by a solid margin. With that said, what do you think is left ? Skill, the trader's skill, the experience, the confidence.

Naturally, this lowers my accuracy, but since I always start small and I shoot for the moon, that is quite alright.

Forget accuracy, just be brilliant and greedy and it will come to you. Oh and don't forget to always protect your capital, always, at all times. If the play requires a slightly larger stops, is it worth the risk ? will the target make up for it ?

If not, stay out, drink coke and eat popcorn, let them battle it out as you work on your patience and market reading skills.

Anek

 

Back to 2222.50 we go

EDIT: Make that 2221.50 :eek:

 

Anchor Chart

As reference, notice how the TL of the anchor chart was never broken.

Managed to scalp a few longs based on this but nothing out of the ordinary.

Anek

 

Oops, missed the chart, think Kid's syndrome is contagious

Anek

 

JJ

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


This is too much to do. Where is the KISS principle?

 

Osho,

You can keep it simple, but the dedication and hard work will never fade.

Anek

 

I just want to say this thread continually gets better and better. I'm in my comp sci class but this is a little more interesting... .

I have been looking for extra confirmation as well.

Is it easier to start with time and sales, a sister index, market profile, tick/trin, etc.

Or is it just experiment and see what you like best? That seems to be what Jimmy is saying...

Also, any comments to my pivot points question?

 

What time frame volume bar is the chart based on. I donot get so many bars

 

NQ's multi day chart is showing a higher high followed by a higher low and the next move is key in the direction of tech.

If the next move ends up being a higher high we got an uptrend and we enter a buy the pullback mode.

Notice, this is on the BIG charts.

Anek

 

Osho,

You can see it on the upper left hand corner, is 610 ticks.

Anek