When I read the initial write-up above describing the strategy, I immediately thought of @csricksdds describing a procedure to a patient and putting him/her at ease. Great bed$ide/chair$side manner, doc. You're still doing "extractions" and "fillings"--helping us "extract" money from the market and "fill" our pockets!
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Maybe over analyzing but I was just venturing in a broader picture and see that COIN and ALAB have crossed a Low Volume zones and now consolidating in a "older" high volume zone area. this is initiating some consolidation after some big moves - coiling and compressing so choppy price action is perfect for this strategy. Both using a new FVG as support- schweet
I am seeing more potential for a major pop in COIN than ALAb though they both look good for trading the extremes within the ranges.
Actually extracting wisdom teeth is easier than extracting money from the market but both work if you have the right instruments (indicators)! Thanks for your nice comment.When I read the initial write-up above describing the strategy, I immediately thought of @csricksdds describing a procedure to a patient and putting him/her at ease. Great bed$ide/chair$side manner, doc. You're still doing "extractions" and "fillings"--helping us "extract" money from the market and "fill" our pockets!
How did you add the volume profile to the chart? Thanks.
It is the TOS version just add it like any other indicator expand the right side to about 50 and wha-la
wow nice 3 day winning streak using this- META ALAB MSTR MRVL and FSLR for me today - I love the chop!
It did not work for me today. I used the AGAIG 10 min chart to enter an ATM call MSTR 5/1 172.50. The bubble flashed long and the histogram bar was green. This was around 1015AM, first signal of the day after 10AM as per instructions on the AGAIG threads. Soon after entering the position dropped precipitously and never really approached the strike again. I exited after about 3 hours for a 15pct loss. Any advice and guidance would be appreciated. @antwerks, if you are able to post your charts with some of the great trades you made today that could be really helpful for the rest of us.
MSTR was a tough play today if you did not recognize the structure and trend. it started out overnight choppy, Asian markets are usually calm but today was different, as the chop continued into the London open, London drove a higher high before open in what looks like a liquidity trap. 7:30 started the unloading and when the market opened it was in a down trend, bearish volume and candles. We hold the 15-30 minutes (up to you) opening range, so things can clear out some and you can see we have an Open range breakout low fortifying the bearish sentiment and direction. NO CALLS unless you are selling them. Buying Puts would have been in order here. Heikin Ashi candles all red, price below the 20EMA, Power trend is throwing red arrows, price action making lower lows. 2 big liquidity sweeps at 2A with TMO entering extreme low. 2B shows TMO lifting out of extreme signaling green, HA candles flickering red/green then going green price action making higher lows. You could have sold the puts here or wait for solid green HA candles and green arrows. That play would have been a 3-4 point move and satisfied the criteria. And i use the 5 minute charts for entries. and because its friday I would be ITM options to alleviate theta and gamma.It not work for me today. I used the AGAIG 10 min chart to enter an ATM call MSTR 5/1 172.50. The bubble flashed long and the histogram bar was green. This was around 1015AM, first signal of the day after 10AM as per instructions on the AGAIG threads. Soon after entering the position dropped precipitously and never really approached the strike again. I exited after about 3 hours for a 15pct loss. Any advice and guidance would be appreciated. @antwerks, if you are able to post your charts with some of the great trades you made today that could be really helpful for the rest of us.
Thanks so much for the feedback. I did my best to follow the exact instructions in the first post by @csrickdds as well as the other instructions in the other AGAIG threads. You are probably right about it being a Friday and things not moving as they would normally. I think I will switch to the 5 minute time frame. I am not sure that the 10 min time frame can constantly capture the quick moves that we are looking for with these volatile, big ATR tickers. How did you pick the tickers you traded today? Do you have a watchlist/grid with stocks that you are monitoring for use with the strategy?
Big reminder on those bubbles, they POP! Meaning they are "REPAINTING" meaning that due to the calculations of the signal and relying on future data they can disappear a few bars later. Causes can be from using future data ([ -1 ], highest(), lowest()) or ZigZag-style logic and even some other custom scripts. csricksdds even says "Do not solely rely on these, they are just to get your attention that something is happening that may be worth a look." That is why his chart is full of other indicators, that when convergence happens between them, there is a good chance of becoming a buy or sell situation. None of the indicators or signals are directly a buy or sell directives, but together they make a good case of a potential trade.
What your workflow should look like
Everything you say is absolutely 100pct on point. The re-painting indicators cannot be relied on by themselves as entry points. But note that this is a feature of the whole AGAIG setup--"enter or exit only when 2 or more indicators agree." Even the write up above says that for the friend in California who is seeking supplemental income. So it would seem that entry alone based on 2 or or more indicators is not enough. Instead, more selectivity as to the actual ticker using the steps outlined above is necessary. Are you able to post your chart with the "PD low" etc as seen in the image above? I don't recall seeing that in any of the AGAIG charts although I could be wrong about that. Thanks for the detailed analysis of why my trade on MSTR did not work.
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