AHG - Profitable Strategy for Struggling Traders

What is your setting for the Anchor chart ?

Do you filter out the pre-trading hour ? Is it a 5 min chart ?

Chiu

 

I was kidding, it was an amazing trending day, just had some reversals but the lasting trends more than made up for them.

What happened?

Anek

 

I use two anchor charts, one regularly and one I examine late at night.

The regular one is 610 ticks, and the other 2500 ticks.

This journal is in some serious need of a quick FAQ

Anek

 

Check out this chart, the reversal signals are pretty damn interesting... based on Anek's 3bar paintbars...

 

I know you were.

I switched to using a higher time frame chart because I find I am in to many trades on a faster time frame. So today was not good for the time frame I was using. (Or maybe it was just me) Some days it works great. Just not today. Tomorrow is a new day. We'll see what happens. Thanks for your great thread.

Chris

 

Can you recite anek's 3bar reversal setup?

I my have missed it and will probably be lost looking for it.

-Tech

 

Chris,

233 is quite solid for NQ, 610 for anchor

When determining the pivots (highs and lows) make sure the frequency between one and the other is similar.

Some people have a bit of a problem with that "frequency"

On top of that, TLs at all times.

Anek

 

Any way you can post an example of what you filter in/out based on frequency? Hard for me to ignore a HH/LL if the frequency is not right

Thanks!

 

Thanks Anek, I appreciate your help. If you have a moment can you explain "frequency"?

 

Change from Anek's version:
- made criteria editable in Format
- I added "or h>c.." clauses in the Criterias
- I only paint bars that reverse signals (optional -> "seeall=false" set as default, in other words, by default, only shows reversals)

Enjoy

ps. posted eld at http://elitetrader.com/vb/showthread.php?s=&postid=1690910#post1690910

Code:

input : seeall(false), upcolor(green), dncolor(red), 
	    Criteria1(close > h[1] and (h > h[2] or h > c[2]) and (h > h[3] or h > c[3])), 
		Criteria2(close < l[1] and (l < l[2] or l < c[2]) and (l < l[3] or l < c[3]));

var : threebarup(false), threebardown(false), okplot(false), color(0), flagup(true), flagdn(true);

// set following to false each time through
   threebarup = false; threebardown = false; okplot = false;


if Criteria1 then
	threebarup = true;
if Criteria2 then
	threebardown = true;

if seeall then 
	begin
	if threebarup  or threebardown then
		okplot = true;
	end
else	
	// To just see reversals
	begin
	if threebarup and flagdn then
		begin
		okplot = true;
		flagdn = false;
		flagup = true;
		end;
	if threebardown and flagup then
		begin
		okplot = true;
		flagdn=true;
		flagup=false;
		end;
	end;	

If Okplot then 
	Begin
	if threebarup then
		color = upcolor
	else if threebardown then
		color = dncolor;

	PlotPB (high, low, "PB", color);
	end
else
	begin
	if close > open then
		PlotPB (high, low, "PB", darkgreen)
	else if close < open then
		PlotPB (high, low, "PB", darkred)
	else
		PlotPB (high, low, "PB", white);
	end;