Read and study the AHG thread on elitetrader. It's free and one of the best info I found on the web.
I don't think it's so much that they are scams, but they are just teaching you what you can learn on Traderpedia above. I've seen DVD recordings of a couple of them and read reviews. It's largely tech analysis and they do the obligatory 20 minutes on discipline. You need to find a decent mentor who can cultivate your skills.
Read and study the AHG thread on elitetrader. It's free and one of the best info I found on the web.
Read and study the AHG thread on elitetrader. It's free and one of the best info I found on the web.
I just read it and I think there is still some vague part.
To confirm a meaningful up trend, how many higher high/ lower low pair do we need to see?
Not sure about how it would work in this strategy, i haven't read the thread, but, if there is a good trend there it is very obvious to the eye without any indicators (i.e. chart moving gradually upwards/downwards). (by the way i think you mean 'higher high/higher low')?
You can also use moving averages to help you see the direction of the trend.
For some people's purposes i suppose a trend could mean just two bars, one higher than the other.
So, it all depends really. For me, i draw support and resistance lines. If the lines are sloping up its an uptrend, if they are sloping down its a downtrend. If they are horizontal it's congestion. But these are just my definitions and one must bear in mind that trends exist within trends within trends. Line up as many trends as you can in all time frames and you've got a good thing. But well, i'm getting a bit complicated now... i suppose just concentrate on identifying one trend first .
p.s. for anyone who wants it the thread is here: Forums - AHG - Profitable Strategy for Struggling Traders
Pretty much the same way as we identify hills from flat ground when we are walking?
Any way, I have decided to give it a try. I will run a demo account for 6 months and see how it goes.
But I still don't quite understand how he picks the entry and exit points. It looks like his entry point is almost perfect. Almost always at the bottom/top of a retracement. So how is that done?
Maybe he only shows the winning trades? Maybe he puts his trades in later? For $4,000 many people will simply lie...
Why are you assuming this guy is genuine? We don't know but it is unlikely.
If you read the whole AHG thread concepts about trend and range are explained very well.
Make sure you start at page 1 and read it to the end, the trader evolves and so does the method.
Read and study the AHG thread on elitetrader. It's free and one of the best info I found on the web.