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ATP (Advanced Trading Philosophy) - Positioning For Success

  • #201
  • Mar 12, 2008 7:45pm Mar 12, 2008 7:45pm
@ Damon;

I know the rule is the bar needs to close above the red ST dot, but we are so close. Would you enter a Trend Continuation trade on GBPUSD anyway or only a DPTT?

TimeFreedom
Attached Image (click to enlarge)
Click to Enlarge Name: atp_gbpusd_03-12-08_01.png Size: 22 KB
  • #202
  • Mar 12, 2008 7:51pm Mar 12, 2008 7:51pm
Quoting TimeFreedom
@ Damon;

I know the rule is the bar needs to close above the red ST dot, but we are so close. Would you enter a Trend Continuation trade on GBPUSD anyway or only a DPTT?

TimeFreedom
Hey TF....Yes I decided to. Also the NL closed in yellow again pointing up without a change of color on the ST dot. If you check history, you will see that this is also a good sign.

I plan to leave this trade open as a Non-Lag Continuation Trade and not treat it as a DPTT.

Good Analysis
"Keep your eyes on the helpers" - Mr. Rogers
  • #203
  • Mar 12, 2008 8:17pm Mar 12, 2008 8:17pm
thanks for the quick reply damon i really appreciate it
i was also looking at the g/u trade but know it looks like the ST shifted over, do you still keep your pending orders open, if this happens.
do you just pay attention to what happens at the close of the bar or do you keep watching?
Attached Image
Nick
  • #204
  • Mar 12, 2008 8:42pm Mar 12, 2008 8:42pm
Quoting 555ngone
thanks for the quick reply damon i really appreciate it
i was also looking at the g/u trade but know it looks like the ST shifted over, do you still keep your pending orders open, if this happens.
do you just pay attention to what happens at the close of the bar or do you keep watching?
That is very interesting. Mine has not switched bars yet. Are your settings for GU the same as we stated in the ealier post?

Regardless...I don't keep watching. Where it is when I place my trades is where it is. Besides, this ST move would not have hurt you at all and all your trades would still be the same.

After you place your trades, go and enjoy your life. Tomorrow is another day.
"Keep your eyes on the helpers" - Mr. Rogers
  • #205
  • Mar 12, 2008 8:49pm Mar 12, 2008 8:49pm
thanks damon that makes sense, i placed a pending order and it was triggered.
i checked and my ST setting is 20.
but it doesnt matter you answered my question thanks again.
Nick
  • #206
  • Mar 12, 2008 8:50pm Mar 12, 2008 8:50pm
Here we go....it looks like our short order would have stopped out yesterday, and then the trend continued up.

Here are my charts for today in B&W:

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 148 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu-w.jpg Size: 95 KB


I placed a long Non-Lag Continuation Trade today with EU because the NL closed in yellow moving upward without a change in color of the ST dot.

S/L settings are standard. Until this trade triggers I will not place any other long orders.

I will go over the rules for the Non-Lag Continuation Trade soon. I had a long day today and I had company stop over when I got home. I am sure that you can see how to place this trade.

Have a great night and many pips to you all .

I will see you tomorrow evening.
"Keep your eyes on the helpers" - Mr. Rogers
  • #207
  • Mar 13, 2008 7:12am Mar 13, 2008 7:12am
good evening from Greece.english not my language but i think you ll understand me.we are in front of a very solid system that can give us the "thing" that most of us miss.trading with the flow and without fear to catch 10 pips here and 15 there and losing 35 at once...Damonl thanks for your generosity and please have a look at some comments :
1)i think is safer to take signals that go with the trend and not countertrend
e.g.NZD/USD,AUD/USD ,EUR/USD(TREND CONTINUATION patterns)(take a look at ozfx losses this week)
2)in countertrend trades also safer to get in after AO has also signaled(EES 2 trade)
3)its critical to point especially for the newbies that ST indicator looks to be at the best places once we first look at the charts but during live trading it changes its position... so take care.
4)wouldnt it be better to take charts from a broker with no Sundays?
5)BIG PATIENCE you have my friend i can manage no more than 4 pairs
  • #208
  • Mar 13, 2008 7:40am Mar 13, 2008 7:40am
I have one change request for the Trade Manger. Can you please change the Type of Trade column so that I can select the trade type from a drop-down list?

Thanks in advance,

TimeFreedom

Quoting Bull
Hi to everybody,

I'm attaching a xls file with a new layout of The Trade Manager, I hope that can help to others.

This strategy is really good and professional, with a lot of common sense, day by day will be more easy for us follow all the "rules", we need patience, read thousand times all the ideas, one by one till our eyes will see in a screen shoot we're we are.

The idea of this new layout is try to be more comfortable and in only one file altogether.

Some considerations about the file.... all sheets are protected, the pass is "demon" the idea to protect is only to diminish any mistake.

In the Main Menu you've all the links to go directly to each pair that you're following, others links to the theory and my favorite, the daily report.... after you fill all the pairs, you must to go to Daily Report page, press "Get Daily Report" to update the Report and then in only one page you will have all the positions and orders that your following.

Also in each pair you have the Pivot and S/R for a weekly update.

If anybody need or want any modification, please let me know and will be a pleasure to my to do it.

Hope that you can enjoy with this file.

Again, a I want to said THANK YOU to Damon for everything that he is doing.
  • #209
  • Mar 13, 2008 5:28pm Mar 13, 2008 5:28pm
Good evening gents, I beg your assistance in this particular nuisance - EJ is giving me the scratches...

According to info, that blue ST dot had confirmation long with price on next bar closing higher than ST dot candle. But there is no red dot, which would justify new short EES. So does this mean I put just long DPTT?

regards

k.
Attached Image
  • #210
  • Mar 13, 2008 5:39pm Mar 13, 2008 5:39pm
Quoting keramikus
Good evening gents, I beg your assistance in this particular nuisance - EJ is giving me the scratches...

According to info, that blue ST dot had confirmation long with price on next bar closing higher than ST dot candle. But there is no red dot, which would justify new short EES. So does this mean I put just long DPTT?

regards

k.
Yeah...no kidding .

Let me think about it and get back to you on this. Also I think this is one worth waiting until the close of the bar, because if the price comes back up any higher, NL might not close in yellow
"Keep your eyes on the helpers" - Mr. Rogers
  • #211
  • Mar 13, 2008 6:11pm Mar 13, 2008 6:11pm
Although Id like to hear your answer my eyes are closing and I`m dead beat (its right past midnight at my place), so I`m going with a long DPTT, but since low is a distance away Ill put a short EES just in case.
  • #212
  • Mar 13, 2008 6:16pm Mar 13, 2008 6:16pm
Quoting keramikus
Although Id like to hear your answer my eyes are closing and I`m dead beat (its right past midnight at my place), so I`m going with a long DPTT, but since low is a distance away Ill put a short EES just in case.
Sounds like a winner.

Have a nice nights sleep.
"Keep your eyes on the helpers" - Mr. Rogers
  • #213
  • Mar 13, 2008 6:52pm Mar 13, 2008 6:52pm
Quoting keramikus
Although Id like to hear your answer my eyes are closing and I`m dead beat (its right past midnight at my place), so I`m going with a long DPTT, but since low is a distance away Ill put a short EES just in case.
It appears the NL will not close in yellow. By rule because our 1st EES trade signaled (though stopped out), today we would place a 1UCT above yesterday's high and a DPTT above today's high.

I hope you slept well
"Keep your eyes on the helpers" - Mr. Rogers
  • #214
  • Mar 13, 2008 6:54pm Mar 13, 2008 6:54pm
Hello everyone...

It is my turn to cook dinner tonight so I have to run out and get some za.

When I return I will upload my chart for today and go over tonight's trades with you.

I also have two trades to introduce you to and one to eliminate.

I will see you back here in a weeee little bit
"Keep your eyes on the helpers" - Mr. Rogers
  • #215
  • Edited 7:07pm Mar 13, 2008 7:00pm | Edited 7:07pm
hi damon and everyone im still in that nonlag audusd trade,
just closed dptt trade 77 pip profit
in some other trades as well all looking prety good.
the audusd looks like it might be forming a double top, would you still enter a dptt in this case. i also noticed the ao just turned green
thanks for your time and have a nice dinner.
Attached Image
Nick
  • #216
  • Mar 13, 2008 8:14pm Mar 13, 2008 8:14pm
Here are my charts for tonight......

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 140 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu-w.jpg Size: 83 KB


We have two trades for tonight. One is our DPTT which you should be all familiar with already and the other is a trade that is not on the Spreassheet, but soon will be. It is our AC Continuation Trade.

As you can see, the AC changed from red to green today without crossing it's 0 level.

That means we will place two trades today on EU 1 pip + spread above the high of today's bar.

I plan on trying to find some time to go over the details of the AC Continuation Trade and the Non-Lag Contiuation Trade over the weekend.

Until then, have a great evening

If you are interested in seeing my spreadsheet to date, here is the file:
Attached File(s)
File Type: xls 3-14-08.xls   203 KB | 487 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #217
  • Mar 13, 2008 8:18pm Mar 13, 2008 8:18pm
Quoting 555ngone
hi damon and everyone im still in that nonlag audusd trade,
just closed dptt trade 77 pip profit
in some other trades as well all looking prety good.
the audusd looks like it might be forming a double top, would you still enter a dptt in this case. i also noticed the ao just turned green
thanks for your time and have a nice dinner.
Hello 555ngone...

Just my two sense worth, but I usually don't pay much attention to chart formations. I would definetly take the trade anyway .

One things about the DPTT you placed yesterday.... It is EXTREMELY important that you close that trade out at the end of everyday. These banked pips help you greatly in a tight ranging market.

We close the DPTT out at the end of every day and open up a new one if the opportunity is right.

Good analysis...and yes....the za was great. It was even better because I didn't have to make it
"Keep your eyes on the helpers" - Mr. Rogers
  • #218
  • Mar 13, 2008 8:21pm Mar 13, 2008 8:21pm
Hello eveyone....

I wanted to let you know that I have decided to eliminate the D-OzFX signal using the AC and Stochastics.

Please note that I am not doing this becasue it did not work, but because in 98% of the cases it triggered at the same time as another EES signal. Also, I like to keep things simple and this helped me eliminate the stochastic indicator.

As you will see, we will lose nothing by eliminated this trade.

Two new trade descriptions are coming soon, so stay tuned
"Keep your eyes on the helpers" - Mr. Rogers
  • #219
  • Mar 13, 2008 8:52pm Mar 13, 2008 8:52pm
Are we treating the AC Continuation Trade like a DPTT in regards to closing at the EOD with profit and not to close if at the EOD we are in negative pips?

TimeFreedom

Quoting damonl
Here are my charts for tonight......

Attachment

Attachment

We have two trades for tonight. One is our DPTT which you should be all familiar with already and the other is a trade that is not on the Spreassheet, but soon will be. It is our AC Continuation Trade.

As you can see, the AC changed from red to green today without crossing it's 0 level.

That means we will place two trades today on EU 1 pip + spread above the high of today's bar.

I plan on trying to find some time to go over the details of the AC Continuation Trade and the Non-Lag Contiuation Trade over the weekend.

Until then, have a great evening

If you are interested in seeing my spreadsheet to date, here is the file: Attachment
  • #220
  • Mar 13, 2008 8:54pm Mar 13, 2008 8:54pm
Great. I am already overwhelmed with the EES and DPTT trades we have now.

TimeFreedom

Quoting damonl
Hello eveyone....

I wanted to let you know that I have decided to eliminate the D-OzFX signal using the AC and Stochastics.

Please note that I am not doing this becasue it did not work, but because in 98% of the cases it triggered at the same time as another EES signal. Also, I like to keep things simple and this helped me eliminate the stochastic indicator.

As you will see, we will lose nothing by eliminated this trade.

Two new trade descriptions are coming soon, so stay tuned
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