Tape 1) add the above ask transactions (buys) 2) add the below bid transactions (sells) 3) compare the numbers to see which side is winning... note: useful at critical points, may be useful / may not be at others - not experienced enough to say i
Dont dismiss the tool cause it is a good tool. I guess trading is always about evolution. At some point in time it did help my trading, I guess you eventually outgrow things. Now its as easy to see the trends with or without them. Still a good tool. P.
Good one Mark! I tried to do the Piscuy Method Today on the ES. 65 Trades!!! plus 30pts!-minus commissions My best day yet! I didn't adhere to his method exactly beacause I didn't know what timeframe he used...so I winged it a little. I used the signal bar as my entry a few times and watched the tape closely while following the trend mostly. I don't know why before I read this thread, I tried to call tops and bottoms so often...DUMB Maybe and Piscuy/Anek method. I will post my chart tonight after bball. It is a bit messy w/ so many trades!
Thanks Piscuy! See my last post to mark. I used a modified version of your method today and did well. 65 trades +30 on the ES. I hope to fine tune much more and learn to pull out of trades that look bad, faster. Thanks for your help!
WOW...can you break this down a little...I.E...how many ES contracts per 1 trade etc....how long did you hold it for?...this is very, very interesting...please clarify...thanks...
According to Aneks rules, I am only supposed to be trading 1 contract, but I have cheated and upped to 2 for the last week or so :eek: I am in the green after 3 weeks so I figured why not? I will stay w/ 2 for a long while because that is quite a lot of dough, especially on a good day! Anyway, I didn't hold any trade more than a few minutes. Many under a minute. Like Piscuy, the moment I feel hesitation, I take my profits...especially on the few scalps against the major trend. But I need to apply this more often to my losers too.
dude...I am really impressed...you made $3,000 today...great job!!!...think about what you can do when you ramp up to say 10 contracts per trade and 65 trades per day...also you said "I didn't hold any trade more than a few minutes. Many under a minute."...I thought that the AHG strategy was more directed towards longer term trading with the trend and not scalping for "minutes" as you are doing...wow, again, great trading...very impressed!