AHG - Profitable Strategy for Struggling Traders

Added yet another short position at 1408.50-75.

Adjusted stop accordingly on all cars on a new HH. Profits on 5 of the 6 entries very much locked and secured.

80% into full leverage

The "short" must go on!

Anek

 

ES currently trading at 1401.25.

Expecting some logical buying at 1400, adjusting stops to secure profits also on the last position.

First initial position is now at near 33 points profit.

If 1400 is broken with conviction, i will consider adding a 7th add to the play.

Eventhough that will take me to near full leverage, securing profits on the first 6 positions allows me to use it responsibly.

This is going to end as one hell of a play and I'm not only extremely proud of sticking to my rules but very honored and humbled that as I try to give by helping with this journal the market and Karma does not forget and reciprocates what I consider, a good deed.

Anek

 

I realize the your system works period because its basis is that of reading price action, but out of curiousity, are these profits just more flagrant now with the index futures making these wild huge point swings up and down... or has it proven well for you in tighter point days and periods of market congestion?

~Cx

 

Cx,

Yes, absolutely, this market environment is optimal for it.

ES about to break 1400.00 now as I type this.

Anek

 

As expected there is a strong battle for the 1400 area. Day low 1400 even.

Anek

 

But the system has proved well for you in times where we dont have this volatility?

 

I got stopped out based on the following afterhour bullish formation.

(Attached)

It ends here for now, pushed it as far as I possibly could without running into much risk.

The 1400 area was defended very well, several thousand cars traded hands in that area.

Stopped out on all positions at 1404.50.

Profits ranging from 4.25 points all the way up to 29.00.

Time to get some rest, there is more money to be made in the morning. The markets are wild.

Anek

 

Yes, you can use it as bread and butter, just learn to stay out of the chop.

There is a time to go long.

There is a time to go short.

...and there is a time to play golf/fish/sleep take your pick.

Anek

 

Oh yeah, the good ole double arse formation !!

 

Price action does not lie.

Outcome of price after I covered.

It's not voodoo crap, it's logic, screen time and being prudent knowing that eventhough you are probably right after reaching the so call "I got it" stage, there are never guarantees; so you protect and preserve capital at all times.

Some patterns repeat over and over and over again, exploit them, master them, it might seem random, but it's not.

Back to bed and good trading tomorrow.

Anek