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ATP (Advanced Trading Philosophy) - Positioning For Success

  • #41
  • Mar 4, 2008 5:32pm Mar 4, 2008 5:32pm
Quoting TimeFreedom
TimeFreedom
100% correct.

Please keep your lot sizes very small. This is so early in trend direction that we may lose this trade. Set your S/L at the high of the same bar +1 pip + spread and let's see what happens tomorrow.

"Keep your eyes on the helpers" - Mr. Rogers
  • #42
  • Mar 4, 2008 5:40pm Mar 4, 2008 5:40pm
First time in my life I was 100% correct about anything. Wouldn't we want to wait for AO to close with a red histo bar, reversal confirmation, and then place the sell stop on the candles that caused the AO to close with red histo bar?

Quoting damonl
100% correct.

Please keep your lot sizes very small. This is so early in trend direction that we may lose this trade. Set your S/L at the high of the same bar +1 pip + spread and let's see what happens tomorrow.

  • #43
  • Mar 4, 2008 5:50pm Mar 4, 2008 5:50pm
Quoting TimeFreedom
First time in my life I was 100% correct about anything. Wouldn't we want to wait for AO to close with a red histo bar, reversal confirmation, and then place the sell stop on the candles that caused the AO to close with red histo bar?
You could wait, but if you did, I would be placing my second trade short at that time because I am already short here. I am willing to risk the pips for the early entry. The rewards will be much greater than your losses in the long run.

Are you starting to see?
"Keep your eyes on the helpers" - Mr. Rogers
  • #44
  • Mar 4, 2008 5:56pm Mar 4, 2008 5:56pm
Quoting earret
The most current short trade that i see is GBP/USD...The AO just closed red.
So where do you think you would you place your trade?
"Keep your eyes on the helpers" - Mr. Rogers
  • #45
  • Mar 4, 2008 6:01pm Mar 4, 2008 6:01pm
So what you saying basically is that it is at the traders discretion as to whehter an entry is place before or after AO confirmation. I guess what I am getting at is that I was attempting to look at this as a rule and not a discretionary decision.

Just trying to understand
  • #46
  • Mar 4, 2008 6:02pm Mar 4, 2008 6:02pm
Right, but based on your rules posted here we should wait for a reversal confirmation before placing a sell stop? Maybe I am getting ahead of myself and wait for more teachings instead of assuming.

TimeFreedom

Quoting damonl
You could wait, but if you did, I would be placing my second trade short at that time because I am already short here. I am willing to risk the pips for the early entry. The rewards will be much greater than your losses in the long run.

Are you starting to see?
  • #47
  • Mar 4, 2008 6:05pm Mar 4, 2008 6:05pm
Quoting earret
So what you saying basically is that it is at the traders discretion as to whehter an entry is place before or after AO confirmation. I guess what I am getting at is that I was attempting to look at this as a rule and not a discretionary decision.

Just trying to understand
I don't see any discretion at all. I always make the trade. Remember that the early trade, if triggered, you will be conveniently hedged. If it doesn't trigger you will still be on your way. If it triggers and stops out you will still be on your way with the rest of your trades.

You have to keep in mind regarding GU, that I have already 5 long positions, so if I would have lost one because of an early entry, my remaining 5 would still be growing.

See?
"Keep your eyes on the helpers" - Mr. Rogers
  • #48
  • Mar 4, 2008 6:07pm Mar 4, 2008 6:07pm
Quoting TimeFreedom
Right, but based on your rules posted here we should wait for a reversal confirmation before placing a sell stop? Maybe I am getting ahead of myself and wait for more teachings instead of assuming.

TimeFreedom
You might be right....So far I haven't offered any entry points to date. Only exit points. But...you now have two
"Keep your eyes on the helpers" - Mr. Rogers
  • #49
  • Mar 4, 2008 6:14pm Mar 4, 2008 6:14pm
ah yes....starting to make sense

Thanks
  • #50
  • Mar 4, 2008 6:23pm Mar 4, 2008 6:23pm
Quoting earret
ah yes....starting to make sense

Thanks
YAVW
"Keep your eyes on the helpers" - Mr. Rogers
  • #51
  • Edited 10:41am Mar 5, 2008 10:17am | Edited 10:41am
[quote=damonl;1884488] I won't see a long trade until the price closes above the ST dot. [/quot
Hm... You mean the bar's high under the ST dot?

THX, Laszlo
  • #52
  • Mar 6, 2008 6:38am Mar 6, 2008 6:38am
Damonl

Did you say that you use a spreadsheet to manage the orders for the trades?...that could prove useful for this method. I have been attempting to demo this method...without vey much success I might add. I think I am holding on to the trades too long and the trend continuation is killing me.
  • #53
  • Mar 6, 2008 2:25pm Mar 6, 2008 2:25pm
Very interesting technique, eagerly awaiting further elements of system.

Damonl, do you place only one pending order per currency per day or more in same direction? In same or variable/increrasing lot sizes?

thnx
  • #54
  • Mar 6, 2008 6:59pm Mar 6, 2008 6:59pm
[quote=lacika;1886583]
Quoting damonl
I won't see a long trade until the price closes above the ST dot. [/quot
Hm... You mean the bar's high under the ST dot?

THX, Laszlo
No....I mean close above/below the dot dependingon trade direction.

Good question though
"Keep your eyes on the helpers" - Mr. Rogers
  • #55
  • Mar 6, 2008 7:04pm Mar 6, 2008 7:04pm
Quoting earret
Damonl

Did you say that you use a spreadsheet to manage the orders for the trades?...that could prove useful for this method. I have been attempting to demo this method...without vey much success I might add. I think I am holding on to the trades too long and the trend continuation is killing me.
Hey earret....

I believe it is not uncommon to start out with this systme and take some loses. You will also make some wins. However, I believe that you will fnid that you will make more pips once you are implementing the whole program.

Spread sheet to follow
"Keep your eyes on the helpers" - Mr. Rogers
  • #56
  • Mar 6, 2008 7:08pm Mar 6, 2008 7:08pm
Quoting keramikus
Very interesting technique, eagerly awaiting further elements of system.

Damonl, do you place only one pending order per currency per day or more in same direction? In same or variable/increrasing lot sizes?

thnx
Thanks.....

At this point I am not experimenting with increased lot sizes, but that is my goal as things fall better into place for me. I also do open up to three trades per day per pair if I get the right signals. Remember however that I keep my lot sizes small.

More to come
"Keep your eyes on the helpers" - Mr. Rogers
  • #57
  • Mar 6, 2008 7:16pm Mar 6, 2008 7:16pm
From here on out I guess you all will have to read.
"Keep your eyes on the helpers" - Mr. Rogers
  • #58
  • Mar 6, 2008 7:26pm Mar 6, 2008 7:26pm
Thank you for sharing your system. When can we have the rest of the system? ^-^
  • #59
  • Edited 8:06pm Mar 6, 2008 7:31pm | Edited 8:06pm
Managing your "Open" and "Pending" positions is one of the most important aspects of this trading strategy.

I have put together a spreadsheet that really makes this job easy, although I do need to update my postions each evening.

You may look at this spreadsheet and not really know how to use. That is okay.

Basically these are a list of the types of trades that I will make when trading. Since I can no longer edit the 1st page I guess I will have to just go into each trade as they happen.

Anyway, please ask any questions you would like about the spreadsheet, but it will be better if you just follow along as I make some trades. Next week I am hoping to be able to upload a chart everynight and go through it with you.

Enjoy the spreadsheet

Attached File(s)
File Type: xls ATP-master.xls   200 KB | 695 downloads


P.S. There are some alogorithms throughout the spreadsheet, so make sure that you save a copy before and after you make any changes to it.
"Keep your eyes on the helpers" - Mr. Rogers
  • #60
  • Mar 6, 2008 7:32pm Mar 6, 2008 7:32pm
Quoting Feihong
Thank you for sharing your system. When can we have the rest of the system? ^-^
Hopefully starting next week I can start going into it a little bit by showing you the trades I would take and why.
"Keep your eyes on the helpers" - Mr. Rogers
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