Thank you Damonl for all the hard work.
ATP (Advanced Trading Philosophy) - Positioning For Success
- #105
- Mar 10, 2008 5:33am Mar 10, 2008 5:33am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #106
- Mar 10, 2008 5:35am Mar 10, 2008 5:35am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #108
- Mar 10, 2008 5:47am Mar 10, 2008 5:47am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Thank you Damonl for all the hard work.
"Keep your eyes on the helpers" - Mr. Rogers
- #109
- Mar 10, 2008 6:01am Mar 10, 2008 6:01am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Regarding my EU trade for today that I posted earlier.
By rule because the placement of the ST dot and the AC closing in red I would have moved all my S/L up to that point of 1 pip below the low of that bar.
Hoping it keeps going though
By rule because the placement of the ST dot and the AC closing in red I would have moved all my S/L up to that point of 1 pip below the low of that bar.
Hoping it keeps going though
"Keep your eyes on the helpers" - Mr. Rogers
I would now like to introduce you to my Daily Pips Trend Trade.
Here are the basic rules:
- This trade is usually a 1 to 3 day trade.
- We will exit our position the first day that this trade closes in profit.
- This trade is placed daily and only in the direction of the trend.
- If the trade does not trigger on the day it was set, then the trade is cancelled.
- Before we can consider that this strategy has given us a valid signal, first one of our three EES trades must have signaled and triggered.
- I open up one of these trades everyday in the direction of the trend even if yesterdays triggered, but did not end in profit.
Here is how you place this trade:
- Placing a Long Daily Pips Trade
- After you have had a valid EES signal and trigger you would then place a long pending order 1 pip + spread above the high of the bar that just closed on the following day.
- Our standard S/L setting is used
- Once the trade closes in profit, we will liquidate the postion.
- You would continue to place these trades daily until the trend changes
- Placing a Short Daily Pips Trade
- After you have had a valid EES signal and trigger you would then place a short pending order 1 pip below the low of the bar that just closed on the following day.
- Our standard S/L setting is used
- Once the trade closes in profit, we will liquidate the postion.
- You would continue to place these trades daily until the trend changes.
Please see the chart below for a visual description:
Attachment
As you can see from the chart above. The Yellow arrow gave us our 1st EES signal. The green arrow was the bar that triggered our first signal. We are now ready to start our Daily Pips Trend Trades.
As you can see by the Thumbs-Up arrows, so far we would have had 18 daily pips trades to date for this EU pair since the trend began. I will go through them with you one at a time. For each Thumbs-Up arrow, our orders would have been placed 1 pip + spread above the high of the previous bar. If these would have been short trades the order woul dhave been 1 pip below the low of the previous day.
#1 - this order did not trigger so at the close of the day we set the order we would have cancelled it.
#2 - this order would have triggered and gave us about 40 pips
#3 - this order would have triggered and gave us about 30 pips
#4 - this order did not trigger so at the close of the day we set the order we would have cancelled it
#5 - this order triggered and gave us about 40 pips
#6 - this order would not have triggered and so that order woul dhave been cancelled.
#7 - this trade would have given us about 80 pips
#8 - this trade closed with -pips so we would have let it ride
#9 - this trade would not have triggered. Trade #8 is still open
#10 - I don't remeber, this trade may have hit our S/L. If it didn't we would have made some nice pips, but we would have made a profit of about 150 pips from trade #8
#11 - we would have made over 50 pips
#12 - profit of about 45 pips
#13 - closed -pips so we would let it ride
#14 - closed -pips so we would let this one ride as well...we know have 2 open trades
#15 - this trade did not trigger
#16 - this trade stopped out trade #14, but gave us about 45 pips from trade # 13 and about 25 pips from this trade
#17 - earned us about 75 pips
#18 - this is the trade that I just opened for today.
I think that you get the picture so I will not load a chart and go through short trades with you as the concept is the same except in the other direction. I will be around if you have any questions, please ask.
- #111
- Mar 10, 2008 5:05pm Mar 10, 2008 5:05pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #112
- Mar 10, 2008 5:11pm Mar 10, 2008 5:11pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #113
- Mar 10, 2008 5:28pm Mar 10, 2008 5:28pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
For those of you following along, I forgot to put in a very important part to the Daily Pips Trend Trade Strategy.
Please vist post #100 and see item #7 under the "General Rules" section.
Thanks
Please vist post #100 and see item #7 under the "General Rules" section.
Thanks
"Keep your eyes on the helpers" - Mr. Rogers
- #115
- Mar 10, 2008 6:32pm Mar 10, 2008 6:32pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #116
- Edited 8:55pm Mar 10, 2008 7:43pm | Edited 8:55pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Please see my chart below for today's trades regarding the EU. It will be up to you to transcribe these trades to any other pairs.
I will also start uploading my spreadsheet so you can see how I manage all my trades. Please note that after the run towards the end of the day today I reached my 10% threshold for closing out all my orders. That is why you will not see very many open orders.
The EU chart above shows us two trades that we will place as pending long orders for today.
Trade #1
I will also start uploading my spreadsheet so you can see how I manage all my trades. Please note that after the run towards the end of the day today I reached my 10% threshold for closing out all my orders
. That is why you will not see very many open orders. The EU chart above shows us two trades that we will place as pending long orders for today.
Trade #1
- This trade I will go into on the next post, but it is what I call my 1 Up Continuation Trade. This trade will be place at the same spot as yesterdays Daily Pips Trend Trade (DPTT). So basically all you need to do is go into your pending orders folder and remove the T/S that you would have place on yesterday's DPTT and that is all you have to do.
Trade #2
- Because our DPTT did not trigger yesterday we will cancel that order or in this case just remove the T/S as above and turn it into a 1-Up Continuation Trade. Then we will place today's DPTT, 1 pip + spread above the high of the bar that just closed.
Here is a copy of my spreadsheet and how I use it. Enjoy and if you have any questions please feel free to ask. I will be here for a little while yet 
Today's updated Spreadsheet.......
"Keep your eyes on the helpers" - Mr. Rogers
- #117
- Edited 8:48pm Mar 10, 2008 8:03pm | Edited 8:48pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Today I would like to introduce you to my 1-Up/1-Down Continuation Trade or (1UCT or 1DCT)
This is a very simple trade to spot and the rules are very simple as well.
Here are the General Rules: 
As you can see from the EU chart above, the bar that has the "checkmark" below it has a lower high than the bar that has the "x-spot" on it. You may also notice that there is a bar in between these two bars. This is Sunday's bar and by rule this bar always gets added to Monday's bar when determining trades.
As we are in a confirmed uptrend we would then place our pending long order 1 pip + spread above the high of the bar that has the "s-spot" below it.
Here are the Specific Rules for a 1DCT: 
As you can see from the AU chart above we have a very interesting situation.
The first higher low came on 3/05/08. We would have placed are pending short order below the bar on 3/04/08. This trade did not trigger which means that on 3/06/08 we had another higher low form. We would have cancelled our first order and re-set the order below the bar on 3/05/08. This trade did not trigger which means that we had another higher low form on 3/07/08. We would have cancelled our previous order and placed a new pending order below the bar on 3/06/08.
As you can see this trade just triggered today leaving us in a great position to collect a lot of pips as the trend continues.
It is also fair to say that I had two pending orders place below the lows of the 2 inside bars that formed in this grouping (but i will get into that later). These trades helped put me over my 10% profit close all positions rule.
I now am short with another DPTT.
I hope that this makes sense to everyone.
This is a very simple trade to spot and the rules are very simple as well.
Here are the General Rules:
- This trade is always placed with the current trend as determined by our rules. It will never be placed against the current trend.
- Normal S/L rules apply
- You will not have to worry about this trade triggering early. The purpose of this trade is to get back in the groove after a retracement.
- If the trade does not trigger on the day you set the pending order, you will cancel it at the close of the next day and as you will see that unless the trend changes directions, this trade will be set with new parameters.
- You can never have a 1UCT or a 1DCT if you had a signal of a possible change in direction of the trend.
Here are the Specific Rules for a 1UCT:
- You must be in a confirmed uptrend which means that no less than two of our EES signals would have triggered.
- While in an uptrend if a bar has a high that is lower than yesterday's high, you now have a set-up for a 1UCT.
- Place your pending order as per our rules above the higher of the two highs. Which will always be above the bar that is previous to the bar that just closed.
- From here, follow all rules above and all other rules put forth for the ATP.
Please see the chart below for a visual description:
As you can see from the EU chart above, the bar that has the "checkmark" below it has a lower high than the bar that has the "x-spot" on it. You may also notice that there is a bar in between these two bars. This is Sunday's bar and by rule this bar always gets added to Monday's bar when determining trades.
As we are in a confirmed uptrend we would then place our pending long order 1 pip + spread above the high of the bar that has the "s-spot" below it.
Here are the Specific Rules for a 1DCT:
- You must be in a confirmed downtrend which means that no less than two of our EES signals would have triggered.
- While in this downtrend if a bar has a low that is higher than yesterday's low, you now have a set-up for a 1DCT.
- Place your pending order as per our rules below the lower of the two lows. Which will always be below the bar that is previous to the bar that just closed.
- From here, follow all rules above and all other rules put forth for the ATP.
Please see the chart below for a visual description:
As you can see from the AU chart above we have a very interesting situation.
The first higher low came on 3/05/08. We would have placed are pending short order below the bar on 3/04/08. This trade did not trigger which means that on 3/06/08 we had another higher low form. We would have cancelled our first order and re-set the order below the bar on 3/05/08. This trade did not trigger which means that we had another higher low form on 3/07/08. We would have cancelled our previous order and placed a new pending order below the bar on 3/06/08.
As you can see this trade just triggered today leaving us in a great position to collect a lot of pips as the trend continues.
It is also fair to say that I had two pending orders place below the lows of the 2 inside bars that formed in this grouping (but i will get into that later). These trades helped put me over my 10% profit close all positions rule.
I now am short with another DPTT.
I hope that this makes sense to everyone.
"Keep your eyes on the helpers" - Mr. Rogers
