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johnjohn1hew

AHG Thread

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Lately i have been looking at the AHG method and have noticed similarities between that method and all other price action methods. AHG trades only price, using support and resistance, trend lines, price patterns, volume, market internals, market profile, etc. as confirmation. If you're not familiar with the AHG i have included a pdf of the original AHG method that contains snippets from the enormous journal on Elitetrader.

 

In this thread post your analysis of charts using your method in conjunction with the AHG method. Lets see what we can learn from this.

AHG Bible Full Version.pdf

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AHG method has evolved many iterations... it is a moving target !

 

A is using volume now... it is not just price action alone

 

 

 

p.s. he also uses indicators to supplement his price reading.

Edited by Tams

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It doesn't really matter what Anek is doing right now. I read over the method and i think it makes sense. In my interpretation of it and in my submissions to this thread i will only be using volume as an indicator in conjunction with price movements. But you are free to post what you'd like and how you use "indicators" to confirm your trades based on price action.

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It doesn't really matter what Anek is doing right now. I read over the method and i think it makes sense. In my interpretation of it and in my submissions to this thread i will only be using volume as an indicator in conjunction with price movements. But you are free to post what you'd like and how you use "indicators" to confirm your trades based on price action.

 

 

I did not download your attachment.

Do you know which version is it?

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It doesn't really matter what Anek is doing right now. I read over the method and i think it makes sense. In my interpretation of it and in my submissions to this thread i will only be using volume as an indicator in conjunction with price movements. But you are free to post what you'd like and how you use "indicators" to confirm your trades based on price action.

 

I think it's important to note for others reading this that the system being discussed is possibly no longer being used by the original author of the system. That's kind of important to mention IMO.

 

B/c the follow up question is - if it was working so good, why scrap it? Again, in the interest of full disclosure.

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AHG 1.0 is what i think they call it.

 

 

I don't mean to discourage you... but he has publicly renounced it.

 

use it as an academic study,

even if you don't find out what works,

knowing what doesn't work is just as valuable.

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AHG method has evolved many iterations... it is a moving target !

 

A is using volume now... it is not just price action alone

 

 

 

p.s. he also uses indicators to supplement his price reading.

 

At one time his charts where covered in indicators. There seems to be some sound principles at the core but as you say it seems to be a different approach from month to month

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I'm done with the forums. ^^ Explains everything.

 

Not sure why? Because what he wrote was not all that it purported to be or that someone pointed out it was not all it was purported to be? There is (imho) stuff to be found on forums that is as good as any published anywhere. In fact the cost of material is absolutely no guarantee of its efficacy,

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I'm done with the forums. ^^ Explains everything.

JohnJohn - below are some excepts from A's later postings that give clues as to the evolution of the method. I'm sure these concepts sound familiar.

 

06-11-08 :

 

My initial goal with the journal was to help out newcomers. I believe I provided some ground rules and basic methods to get you on the right track, now I'm retired from the journal as I have taken the teachings more seriously and into a closed community.

 

I took a group of hard working journal followers and expanded the method to such degree that it's now tough to go back and catch where I left here, even tougher and near impossible to allow new members, as we are several phases above this journal now, private forums, etc. Think AHG2, AHG2.5, AHG3 and beyond, no joke.

...

The principles remain the same, highs, lows, trendlines, no indicators but we have added volume, specifically the teachings of Wyckoff to improve our accuracy.

...

If there's anything extra I can post to help I think it's the fact that you should think of uptrends as resistances becoming supports and downtrends as supports becoming resistances. This is pretty much the golden rule for trend determination as several factors throughout the trading day, including volatility and low volume can produce what might seem like a LL in an uptrend or a HH in a downtrend. In the end, it all comes down to support and resistance, supply and demand around key pivotal levels and how price afffects what once was support and what once was resistance.

 

Hope it helps and remember, nothing replaces screen time, it is by far the greatest tool.

--------

 

06-12-08 :

The volume application we are implementing is making sure the trend is healthy by combining the beauty of price action of volume based charts and the critical volume definition of 1 minute based charts. Strongly suggest to study the work of Wyckoff in detail.

 

For instance...

 

In an uptrend you want expanding volume on the upside, decreasing volume on the downside.

 

In a downtrend, you want expanding volume on the downside, decreasing volume on the upside.

 

On top of that, we have implemented this on reversal formations, looking for volume divergence. First leg high volume, second leg much lower volume (buyers or sellers done exhausted).

 

Last but not least stop run hunting to further improve our entries or scale outs. Little more complicated than the above but worth studying on your own.

...

Edited by R/R
typo

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I spent some time with Anek in #AHG. It's PA with a little bit of volume (mostly for divergence). It's comparable to what Thales does in that it's very simple and is based on price. As of now everything I do comes straight from what I learned from Anek.

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