Thx. I guess I should read up on the things before using them, huh? Thats not the only thing screw up tho. My trendlines keep moving too. That doesnt happen on time charts. Weird.
Nice work, I am down today......guess why........ been trying to catch this bottom, so silly........well I am still a work in progress
I will say something that will sound mean but should help you. You went against the trend, you called a bottom, glad you lost, but will be even more glad if you learn the lesson once and for all and stop doing what amateurs and newcomers do. It's time for you to trade right. Anek PS: My apologies for harsh words but this is not what I teach and I want you to get it right.
I hear ya Anek, trying to beat these emotional demons....perhaps an answer to this question will help me, if one were to just take these trend trades as per your guidance how many days per month roughly will one experience days where the counter trend action chops you up ? Obviously you can't tell me exactly how 'I' will perform on a counter trend day but what I am getting at is recently the markets have been very trendy IMHO which is unusual as compared to action I have seen over the last 12+ months. Over the course of a 'normal' month how many days does one see trending action ? The reason I ask this is because I have always been under the impression that there are only about 2 - 5 trend days per month with 18 - 15 usually counter trend days etc....I think this is what is causing me a mental block....thoughts ? Cheers
I'm not a smart man, but you don't need a "Trend Day" to be a ble to catch intraday trends. Price "trends" all the time. Even range days have short lived "trends". AHG is about scalping small trend moves to start, then you can add stuff as you advance. You shouldn't care WHAT the market does.....find the set ups, enter trade, exit when market tells you to, and at the end of the day, hopefully, you made money. If I had to describe today, I'd call it a range day. One with 2 nice trends.....one up.....one down.....imagine this. Every day the market made charts that looked like a W or an M......Those would be range bound days....but each would have numerous INTRA day trends. Different charts....different trends.......imagine if a chart looked like this WW.....lots of trends, lots of scalps. / or this \ might not make you alot of money if you get out too soon. I just thought I'd add my nonsensical 2 cents. Sorry for the keyboard symbols.....just to lazy to find a chart. Anek.....can you add a 500 volume Hang Seng Futures chart.....want to see what it would look like.
Bog you nailed the concept, hats off. If someone has the symbol for TS that you request I will gladly post a chart. Anek
This is not much different from what Ive been doing, pullbacks and double tops and bottom, but I am always looking to improve. The thing that has been an eyeopener is paying more attention the the sequence of highs and lows. I thought I was aware of the swing highs and lows but apparently it was only halfhearted attention because it does make a great filter. The volume/heikin ashi charts seem to bring this out in a much clearer way. Making new lows as we speak. Yummy.