AHG - Profitable Strategy for Struggling Traders

AHG Chat Log

 

Hi Guys,

This AHg trade room, Can i get some info on it, where is it , Costs? and anything else

 

I had a few guys want an explanation of the micro nipple set up. So here are a couple chart with annotations.


shttp://img172.imageshack.us/my.php?image=mondaymar3morninganchorvx6.pngo


http://img253.imageshack.us/my.php?image=monanchormarch32vd2.png

 

Sorry the first link was bad


http://img172.imageshack.us/my.php?image=mondaymar3morninganchorvx6.png

 

Thanks for the charts, prof. Pretty neat. Can u explain why 2 uptrend lines on the second chart. I understand the upper one where u connect the low of the 6:49 bar with the low of the 6:57 bar (the piercing bar) but I don't get the lower trendline.

 

AHG Chat Log

 

Hi Ready,

If you haven't found it already, here is the post with the document on how to get yourself into the chat room.

Cheers,

Cipher

 

Hey cipher

Thanks Alot, Good trading to you.

 

AHG Chat Log

 

I would just like to take a moment to reflect on win ratio.

For the longest time I spent looking for a setup that yielded a high % win ratio and I was getting nowhere as far as winning days were concerned.

Within the past 2 months I started noticing that when I just followed the trend and bought every pullback mercilessly I would mysteriously make money. So, I vacillated between the two methods for a while with most of my winning days due to my "dumb" strategy.

Then, 2 weeks ago it hit me that I had no need to complicate anything. In my entire time trading futures since the start of this journal, I have come up with 1 non-related AHG setup that has a high % win ratio and I *dont* use it often because it doesn't make the most cash. Grinding it out following the trend, is the main bread and butter.

I started trading with the trend and buying every single pullback as an experiment. 8 days later I had no losses and most of my days were big updays. Today I had a downday of -220 dollars. I had one trade left on before i went to school. I had my limit to sell @ 1770 with a loose stop.

Though I don't trade afterhours, my target got hit for a gain of 21 pts. I am not even counting this as a winning day, but this is the thing about this style of trading.

If you can accept a low win ratio, the next step is to let your winners run. My win ratio for the last two weeks is <40 %. I routinely get 3-4 losing trades in a row. And that doesn't phase me. I think I am the most consistently wrong trader in the room, but I have been doing just fine.

I hope this might spark a lightbulb for someone whose having trouble. Don't be afraid to get stopped out. Every stop brings you one step closer to a home run trade.