AHG Thread

[johnjohn1hew 10]

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

[Tams 20]

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 November 24, 2009 by Tams

[brownsfan019 17]

I also just read a post on et that said he's not even trading the AHG anymore - into finding bottoms and tops now. I have no idea if accurate, but I recall reading that here recently.

[johnjohn1hew 10]

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.

[Tams 20]

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?

[johnjohn1hew 10]

AHG 1.0 is what i think they call it.

[brownsfan019 17]

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.

[Tams 20]

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.

[johnjohn1hew 10]

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

[BlowFish 10]

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

[BlowFish 10]

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,

[brownsfan019 17]

In fact the cost of material is absolutely no guarantee of its efficacy,

 

Wise words BF. Unlike some things in life, the cost of the product in this business has zero indication of it's worth.

[R/R 10]

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 November 24, 2009 by R/R
typo

[jonbig04 10]

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.

[3monkeys 10]

Simple but effective Ninjatrader 10000 volume chart, some trend lines and a few support & resistance levels. This one from ~September, 2008.

http://www.el****rader.com/vb/attachment.php?s=&postid=2150214

[gotti911 10]

He's a bit of what Anek might do. I learned everything from him also from AHG1, wish I could learn more from him