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ATP (Advanced Trading Philosophy) - Positioning For Success

  • #301
  • Edited 4:53pm Mar 17, 2008 4:41pm | Edited 4:53pm
@ Damon;

I just tried something really cool, which was to remove the weekend bar from the history center (Tools\History Center). This works well and we only have to do this once a week. What do you think?

Directions to Remove Sunday Bar from History Center:

On the Platform Menu:
1. Select Tools ---> History Center (History Center will open up in a separate window)

On the History Center Window:
2. Double-Click the Pair (e.g. EURUSD)
3. Double-Click the Timeframe (e.g. Daily (D1))
4. Select the Sunday Data (2008.03.16 00:00) and Click on the Delete button.
5. Close the History Center window and then change your Chart to a different timeframe (e.g. H4) and then back to D1 timeframe.
All done.


TimeFreedom

Quoting damonl
GMT+1 minght not be too bad. Anything less than GMT however I would not like.

I will try an find some time to look into it.

Thanks for the suggestion
  • #302
  • Mar 17, 2008 4:47pm Mar 17, 2008 4:47pm
Quoting TimeFreedom
... remove the weekend bar from the history center (Tools\History Center)....
Does this affect the calculations on SilverTrend indicator?
  • #303
  • Mar 17, 2008 5:07pm Mar 17, 2008 5:07pm
Hi everybody,

Hope all fellow Damonians are doing well. My first question of the day deals with when you get an exit signal, whether it be early exit, timely exit, or trend reversal exit, the rules say to move S/L to the bar the gave signal. If the S/L is triggered, that only affects the currently open orders. Then what about the remaining pending orders that have not been triggered? When should they be closed out? My best guess is we close out ALL trades, open and pending, when we get a Trend Reversal Exit signal i.e. ST dot and AO (So if we moved S/L and it gets triggered, we would also close out any pending orders). But for Early and Timely Exit we may still leave the pending orders open, because price might change its mind and turn back in the original direction.

Please let me know the weakness in my analysis.

Cheers,

Tony
  • #304
  • Mar 17, 2008 5:10pm Mar 17, 2008 5:10pm
Quoting keramikus
Guys, an inquiry if I may: tomorra we have (IMO) yet another brilliant move by FED, namely rate cutting and further flooding of dollar printing. It was my intention to place trades according to system, but reevaluate them before news release. Market has no doubt already priced in some of the cut, but these are wild times with wild swings and anything is possible.

What is your valued opinion, fellow traders? Should we stand aside on the shores and wait? Or trust the system to take us safe through USD fall (or rise)?

regards

k.
hey k.

Personally i never try to predict where the market will go or how news will affect it. Besides, what is the worst case scenario? OUt of a 10K account you lose a couple hundred bucks on a big move against you. You can make that up easy.

I trade regardless of the weather
"Keep your eyes on the helpers" - Mr. Rogers
  • #305
  • Mar 17, 2008 5:11pm Mar 17, 2008 5:11pm
Most likely removing the Sunday candle will effect the calculation on SilverTrend (ST) for Monday trading, but based on the rules we are not supposed to use the Sunday bar for trading on Monday's anyway, therefore ST should not use the Sunday bar either IMO.

TimeFreedom

Quoting keramikus
Does this affect the calculations on SilverTrend indicator?
  • #306
  • Mar 17, 2008 5:12pm Mar 17, 2008 5:12pm
Quoting SwingMan
In the last few days I havent internet connection, and I coudnt test the indicator.
I wrote a first version for an automatic signal indicator, but I must also test the first results.
The ideea of the SilverTrend signals is a breakout above/below the HiLo lines for 9 bars, with an offset of 15-30% from the ATR. Its verry important that the signals dont repaint!
Hello SW....

Welcome back to the cyber world .

It appears that it still repaints. If you would like to keep working on it, I am here to help. Just let me know what I can do.

Cheers
"Keep your eyes on the helpers" - Mr. Rogers
  • #307
  • Mar 17, 2008 5:13pm Mar 17, 2008 5:13pm
Quoting JayJay
Hi all,
I am starting to read what appears to be a great method (system). But right out of the gate I have a question. On one of the early posts (refer to quote below) there is mention of "set-up day". Could some one please explain to me what day this is i.e. the day the ST changes color (bar close) or the day NL changes to yellow (bar close). I'm certain the answer is barried in later posts, I don't see it on the pdf (yet).

Damonl...thanks for a great system..I am hoping to contribute to this post. Great bunch of people.

Thanks JJ/.

Quote:
As you can see with this chart, both the Trend Reversal Indicator and the Trend Reversal Confirmation gave us the first two triggers on the same bar. The next day you will see that the price pierced the high of the set-up day bar (the solid blue horizontal line) thus indicating that the trend was indeed identified and in this case it is long.
Please see TF's post #300 and follow along when we trade. It is very simple
"Keep your eyes on the helpers" - Mr. Rogers
  • #308
  • Mar 17, 2008 5:21pm Mar 17, 2008 5:21pm
Quoting TimeFreedom
@ Damon;

I just tried something really cool, which was to remove the weekend bar from the history center (Tools\History Center). This works well and we only have to do this once a week. What do you think?

Directions to Remove Sunday Bar from History Center:

On the Platform Menu:
1. Select Tools ---> History Center (History Center will open up in a separate window)

On the History Center Window:
2. Double-Click the Pair (e.g. EURUSD)
3. Double-Click the Timeframe (e.g. Daily (D1))
4. Select the Sunday Data (2008.03.16 00:00) and Click on the Delete button.
5. Close the History Center window and then change your Chart to a different timeframe (e.g. H4) and then back to D1 timeframe.
All done.


TimeFreedom
Hey TF...this is a very good suggestion. I did not even know that I could do that .

Visually, this is much more appealing.
"Keep your eyes on the helpers" - Mr. Rogers
  • #309
  • Mar 17, 2008 5:23pm Mar 17, 2008 5:23pm
Quoting keramikus
Does this affect the calculations on SilverTrend indicator?
I shall find out, but it might.
"Keep your eyes on the helpers" - Mr. Rogers
  • #310
  • Edited 5:32pm Mar 17, 2008 5:24pm | Edited 5:32pm
Quoting tman378
Hi everybody,

Hope all fellow Damonians are doing well. My first question of the day deals with when you get an exit signal, whether it be early exit, timely exit, or trend reversal exit, the rules say to move S/L to the bar the gave signal. If the S/L is triggered, that only affects the currently open orders. Then what about the remaining pending orders that have not been triggered? When should they be closed out? My best guess is we close out ALL trades, open and pending, when we get a Trend Reversal Exit signal i.e. ST dot and AO (So if we moved S/L and it gets triggered, we would also close out any pending orders). But for Early and Timely Exit we may still leave the pending orders open, because price might change its mind and turn back in the original direction.

Please let me know the weakness in my analysis.

Cheers,

Tony
Great analysis...This is exactly as it should be. I am glad that we are both reading the charts the same way.But if the Early Exit is triggered stop placing any additional long orders, but keep any pending orders open.

Also...don't forget about the RSI 14 which was brought up later as the 4th exit signal. If you search the thread for it you will find it.
"Keep your eyes on the helpers" - Mr. Rogers
  • #311
  • Mar 17, 2008 5:29pm Mar 17, 2008 5:29pm
Quoting TimeFreedom
Most likely removing the Sunday candle will effect the calculation on SilverTrend (ST) for Monday trading, but based on the rules we are not supposed to use the Sunday bar for trading on Monday's anyway, therefore ST should not use the Sunday bar either IMO.

TimeFreedom
Well....this is true to a point. I always used the signal (eiter exit or entrance) of Sunday's bar, just used the highs/lows of Fridays' bars to set the parameters of that trade.

It is a good point brought up. Everything so far has been desinged using the Sunday bar. Would this change anything?
"Keep your eyes on the helpers" - Mr. Rogers
  • #312
  • Mar 17, 2008 5:36pm Mar 17, 2008 5:36pm
I will be around if anyone has any questions and will upload my Eu chart and spreadsheet in a few.

Thanks for eveything guys/gals
"Keep your eyes on the helpers" - Mr. Rogers
  • #313
  • Mar 17, 2008 6:12pm Mar 17, 2008 6:12pm
Hi again,

Thank you, Damon, for clarifications about exit strategies. I'll need to train my eyes with several more chart set-ups to become comfortable with the rules. In my opinion, the exit strategies are one of the most crucial elements to successful implementation of ATP.

Please allow me to turn in my homework and post my daily analysis for today (word document attached). Please kindly point out any gaping holes in my analysis.

Thank you and happy pippin to all Damonians

Tony
Attached File(s)
File Type: doc Analysis_03182008.doc   45 KB | 279 downloads
  • #314
  • Mar 17, 2008 6:15pm Mar 17, 2008 6:15pm
A quick question - this is USDCAD, no blue dot, but blue NL and close above last yellow NL => even though without blue dot, is this still long trend? If so, we can put DPTT and ACCT both pending long?
Attached Image
  • #315
  • Mar 17, 2008 6:29pm Mar 17, 2008 6:29pm
Quoting keramikus
A quick question - this is USDCAD, no blue dot, but blue NL and close above last yellow NL => even though without blue dot, is this still long trend? If so, we can put DPTT and ACCT both pending long?
hey K.....

Actually we are still in a bear market according to this chart.

ST dot is red and AO became red. So far there is no NLRT because there is no green ST dot. According to this chart all orders should be short. DPTT and 1DCT

However, you have two more trade set-up as well. AO Divergence Trade (AODT). This would be long. And the ACCT which would also be long except that the AC has been hanging around 0 level and would be a bad choice.

I will probably just place the 2 short orders for the time being, and the AODT long. I hope to be able to go over AODT with you guys soon

All these things can blurr together, but we will get it
"Keep your eyes on the helpers" - Mr. Rogers
  • #316
  • Mar 17, 2008 6:42pm Mar 17, 2008 6:42pm
Quoting keramikus
A quick question - this is USDCAD, no blue dot, but blue NL and close above last yellow NL => even though without blue dot, is this still long trend? If so, we can put DPTT and ACCT both pending long?
Hi Damon,

In a case as pointed out by Keramikus, there were three higher-lows three bars in a row. Would we then have placed 1DCT three days in a row, even though the first one had not been triggered?

Also, I was under the impression that an ACCT trade would only be placed in the direction of original confirmed trend. So in this case, an ACCT signal would only qualify if it's in the down direction, would it not?

Tony
  • #317
  • Mar 17, 2008 6:49pm Mar 17, 2008 6:49pm
Quoting tman378
Hi Damon,

In a case as pointed out by Keramikus, there were three higher-lows three bars in a row. Would we then have placed 1DCT three days in a row, even though the first one had not been triggered?

Also, I was under the impression that an ACCT trade would only be placed in the direction of original confirmed trend. So in this case, an ACCT signal would only qualify if it's in the down direction, would it not?

Tony
Yes...that is correct...my bad.

ACCT is only in direction of the trend. Good catch .

And as for the 1DCT, you would have placed them, but it is only good for one day, so if it doesn't trigger, you would cancle it and move it to the next bar. only one 1UCT and 1DCT open at any one time.

I will get to your file soon and thanks for your input.
"Keep your eyes on the helpers" - Mr. Rogers
  • #318
  • Mar 17, 2008 8:05pm Mar 17, 2008 8:05pm
Here are my charts for tonight:

Attached Image
Attached Image


As you can see, we really only have 1 trade option for tonight and that is our DPTT long.

Aslo noted is that as of this point any of our longer term trades would keep the same S/L as we have not gotten a signal to move them as of yet.

I hope that you are all enjoying my thread. I have many more trades to share with you, but tonight I am very tired.

In the meantime please continue to get a feel for the system. All is well.
"Keep your eyes on the helpers" - Mr. Rogers
  • #319
  • Mar 17, 2008 8:05pm Mar 17, 2008 8:05pm
Quoting damonl
Yes...that is correct...my bad.

ACCT is only in direction of the trend. Good catch .

And as for the 1DCT, you would have placed them, but it is only good for one day, so if it doesn't trigger, you would cancle it and move it to the next bar. only one 1UCT and 1DCT open at any one time.

I will get to your file soon and thanks for your input.
Damon,

Thank you for another crystal clear explanation. So, if I understand correctly, 1DCT or 1UCT will be deleted if not triggered the same day they are set. However, once triggered, they'll remain open until an exit signal occurs. Is this correct?

Also, please see below EUR/AUD chart from today. Looks like an AO Continuation trade should have been placed two bars back (first yellow vertical line). And then we had an AC Continuation trade yesterday (second yellow vertical line), so another long trade should have been placed here, right? And also today we should have placed a DPTT trade, making it a total of two pending orders opened today. Am I getting this right?

Thank you.

Tony
Attached Image (click to enlarge)
Click to Enlarge Name: euraud_031808.gif Size: 13 KB
  • #320
  • Mar 17, 2008 8:18pm Mar 17, 2008 8:18pm
Quoting tman378
Hi again,

Thank you, Damon, for clarifications about exit strategies. I'll need to train my eyes with several more chart set-ups to become comfortable with the rules. In my opinion, the exit strategies are one of the most crucial elements to successful implementation of ATP.

Please allow me to turn in my homework and post my daily analysis for today (word document attached). Please kindly point out any gaping holes in my analysis.

Thank you and happy pippin to all Damonians

Tony
Please see my notes attached to the .doc file attached.[ATTACH]95953[/ATTACH]
Attached File(s)
File Type: doc Analysis_03182008.doc   56 KB | 347 downloads
"Keep your eyes on the helpers" - Mr. Rogers
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