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ATP (Advanced Trading Philosophy) - Positioning For Success

  • #341
  • Mar 18, 2008 8:46pm Mar 18, 2008 8:46pm
Quoting tman378
Hi Damon and fellow Damonians

Turning in my homework for today. I'm happy that you don't find this bothersome, Damon. Thank you so much.

Right now I'm at the point where I'm trying to nail down the exit strategies and SL management in relation to the different types of exit/reversal signals. I feel that once I understand that part thoroughly this ATP trading method will be like second nature. Any advise you can offer at this juncture is GREATLY appreciated.

Cheers,

Tony
Hey TM....Great job with your analysis today.

You have everything just about spot on.

I hope to catch up with trade updates soon, I think you will like the (TAMB) cataogry rather then the old way which left some question.

My comments are posted in the attached file.
Attached File(s)
File Type: doc Analysis_03192008[2].doc   59 KB | 408 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #342
  • Mar 18, 2008 9:01pm Mar 18, 2008 9:01pm
Damon and fellow ATP traders,

As I am more of a visual person I can grasp a concept a lot more effectively when I see how all of its elements fit together in a bigger picture. So I have compiled all the rules we've learned so far from Damon into one comprehensive process flow. I arranged them the way I understand the rules at this moment and the manner in which the rules affect one another.

I hope Damon and everyone else interested will make corrections or addition to this document. I think that this exercise can help a lot of us, including myself, to fill in the missing links and correct weaknesses in our understanding of the ATP method as a whole. We can keep adding to this chart as we learn about more entry rules.

Cheers,

Tony
Attached File(s)
File Type: doc ATP_ProcessChart.doc   47 KB | 353 downloads
  • #343
  • Edited 9:33pm Mar 18, 2008 9:03pm | Edited 9:33pm
Tonight I would like to introduce you to the Turn Around Momentum Builder Trade (TAMB)

This is not really a new trade although it does incorporate some new postions. It is mainly a way of catagorizing an existing strategy to make the decision making process easier. I think that you will find this to be the case.

Here are the General Rules:

  1. In order for this to be a valid signal we first need a Non-Lag Reversal Entry (NLRE) to signal (not trigger). Once this happens we cancel all pending orders in the opposite direction.
  2. Once we get the NLRE signal, we start placing pending orders in the opposite direction of the trade based on the bar that closed the day before today's close.
  3. We continue to place these types of orders until at some point we think that we have enough of these.
  4. Standard S/L and Entry rules apply.
  5. I keep these trades open until I get another NLRS in the same direction and then I close out all those orders and start from scratch again.

Please see the chart below for how to place Long Signals:

Attached Image


As you can see from the chart above we have a NLRE signal based on the red ST dot and the NL turning yellow. Here is what we do.

1. We cancel all long pending orders.
2. We start placing long pending orders 2 days behind the current day with standard S/L and Entry rules applied.
3. We continue to place these orders as the market continues down. Always two days behind the current day.

Based on the chart above we currently have 2 TAMB trades at the moment. One at the high of Friday's bar the other at the high of Monday's bar. We want to capitalize on the slightest movement if the direction turns back up again.

Please see the chart below for how to place short signals:

Attached Image


As you can see from the chart above we have a NLRE signal based on the green ST dot and the NL turning yellow. Here is what we do.

1. We cancel all long short orders.
2. We start placing short pending orders 2 days behind the current day with standard S/L and Entry rules applied.
3. We continue to place these orders as the market continues down. Always two days behind the current day.

Based on the chart above we curretnly have 1 TAMB trades at the moment. This was placed today based on two bars back from today's open.

This is kind of what we have been doing except that we will place more pending stop orders against the movement in anticipation of a turn around to go to the same height or depth. It is also very possible that you could have up to 10 or more of these TAMB trades pending at any one time. The more that are placed the more you stand to profit when the market reverses and heads back to where it came from.
"Keep your eyes on the helpers" - Mr. Rogers
  • #344
  • Mar 18, 2008 9:05pm Mar 18, 2008 9:05pm
Quoting damonl
Hey TM....Great job with your analysis today.

You have everything just about spot on.

I hope to catch up with trade updates soon, I think you will like the (TAMB) cataogry rather then the old way which left some question.

My comments are posted in the attached file. Attachment
Thank you so much for your encouragement, Damon. I feel better and more confident about my implementation of ATP every day. Thank you!

Thank you also for looking at my homework everyday without complaining at all. I will review your comments when I come back in from my evening walk. I love how this trading philosophy allows me to have a life OUTSIDE of the house, don't you

See you guys back here in a bit.

Cheers,

Tony
  • #345
  • Mar 18, 2008 9:05pm Mar 18, 2008 9:05pm
@ Damon;

Looking at your spreadsheet it looks like the GBPUSD TAMB Buy Stop price of 2.0397 is incorrect?

TimeFreedom
  • #346
  • Mar 18, 2008 9:19pm Mar 18, 2008 9:19pm
Quoting TimeFreedom
@ Damon;

Looking at your spreadsheet it looks like the GBPUSD TAMB Buy Stop price of 2.0397 is incorrect?

TimeFreedom
Hey TF...

This is correct and was set yesterday based on the close of Sunday's/ Monday's at Friday's high. We did not have one today because the close of today was higher than the close of yesterday's but Friday's remains in good standing.

I will keep Friday's open until I get another NLRE short and then I will cancel all these long orders and start making new ones.
"Keep your eyes on the helpers" - Mr. Rogers
  • #347
  • Mar 18, 2008 9:31pm Mar 18, 2008 9:31pm
Ok, now I understand how you got the 2.0397 buy stop price. I appreciate all your help.

TimeFreedom

Quoting damonl
Hey TF...

This is correct and was set yesterday based on the close of Sunday's/ Monday's at Friday's high. We did not have one today because the close of today was higher than the close of yesterday's but Friday's remains in good standing.

I will keep Friday's open until I get another NLRE short and then I will cancel all these long orders and start making new ones.
  • #348
  • Mar 18, 2008 9:35pm Mar 18, 2008 9:35pm
Quoting tman378
Damon and fellow ATP traders,

As I am more of a visual person I can grasp a concept a lot more effectively when I see how all of its elements fit together in a bigger picture. So I have compiled all the rules we've learned so far from Damon into one comprehensive process flow. I arranged them the way I understand the rules at this moment and the manner in which the rules affect one another.

I hope Damon and everyone else interested will make corrections or addition to this document. I think that this exercise can help a lot of us, including myself, to fill in the missing links and correct weaknesses in our understanding of the ATP method as a whole. We can keep adding to this chart as we learn about more entry rules.

Cheers,

Tony
Thanks TM....

I was thinking that I needed to do this. I will find some time to make sure that the rules are all there and correct.
"Keep your eyes on the helpers" - Mr. Rogers
  • #349
  • Mar 18, 2008 9:40pm Mar 18, 2008 9:40pm
Quoting tman378
Thank you so much for your encouragement, Damon. I feel better and more confident about my implementation of ATP every day. Thank you!

Thank you also for looking at my homework everyday without complaining at all. I will review your comments when I come back in from my evening walk. I love how this trading philosophy allows me to have a life OUTSIDE of the house, don't you

See you guys back here in a bit.

Cheers,

Tony
You are welcome. I love trading this way. It is almost stress free.

What amazes me is how well I keep my account balance and equity reasonably close to where it is at while waiting for the next trend. There never seems to be a large drawdown and I am always in some trades the win and others that lose until the trend.

Then they all win and that is fabulous
"Keep your eyes on the helpers" - Mr. Rogers
  • #350
  • Mar 18, 2008 9:41pm Mar 18, 2008 9:41pm
Quoting TimeFreedom
Ok, now I understand how you got the 2.0397 buy stop price. I appreciate all your help.

TimeFreedom
You are welcome and I actually meant the high of yesterday was higher than the day before. I think I used "closes" in my reply to you
"Keep your eyes on the helpers" - Mr. Rogers
  • #351
  • Mar 19, 2008 1:41am Mar 19, 2008 1:41am
Quoting tman378
Damon and fellow ATP traders,

As I am more of a visual person I can grasp a concept a lot more effectively when I see how all of its elements fit together in a bigger picture. So I have compiled all the rules we've learned so far from Damon into one comprehensive process flow. I arranged them the way I understand the rules at this moment and the manner in which the rules affect one another.

I hope Damon and everyone else interested will make corrections or addition to this document. I think that this exercise can help a lot of us, including myself, to fill in the missing links and correct weaknesses in our understanding of the ATP method as a whole. We can keep adding to this chart as we learn about more entry rules.

Cheers,

Tony
Wow ... that's a masterpiece! Ciao Luigi
  • #352
  • Mar 19, 2008 2:19am Mar 19, 2008 2:19am
Quoting tman378
... one comprehensive process flow. I arranged them the way I understand the rules at this moment and the manner in which the rules affect one another.
WOW. Exactly what I wanted to compile once the straategy is complete. Thanks Tony, you went far and beyond with this chart.
  • #353
  • Edited 3:03am Mar 19, 2008 2:50am | Edited 3:03am
damonl, first off you said "Consider yourself served bro."

Just to make it clear, I'm not your "bro" and never likely to be.
I'm also not jealous of you or your 'systems' because I've been there and done that over many years and now have a profitable regime based on trading more fundamentals and news.

Yes you're right, my posts generally are negative because I've seen nonsense TA stuff like yours and others posted time and time again over the years on this and other forums and often gullible newbies are taken in by the gobbledegook and short term gains many posters have.

The fact of the matter is is that TA simply does not work when it comes to using simplistic indicators and waiting for cross-overs and similar signs. They work fine when walked backwards but they always break down (some sooner than others) when walked forwards.

Enthusiastic newcomers see the charts, see the analysis and think, 'yea, this is the answer' and they often like the fact that it sounds scientific and complex (or simple depending on your taste). They then risk their hard earned cash and soon realise what they originally saw was a short term situation which was never going to walk forward profitably.

There are ways to trade forex profitably (as I do), particularly with insider info and/or a solid insight into what is really driving the markets. TA doesn't do anything other than look at historic numbers and they'll tell you next to nothing that can be usefully used in the future. Being an ex-mathematician I'd love it to be otherwise but sadly it just aint so.

I think negative posts like mine that damn TA have a role in bringing newbies (and others) to their senses when it comes to believing much of the nonsense that's banded about.

If you can make a profit then good luck to you but I can assure you there is a much greater chance of your flawed house of cards crumbling sooner or later.
He was looking for the card so high and wild hed never need to deal another
  • #354
  • Mar 19, 2008 4:51am Mar 19, 2008 4:51am
hey who
ever u r
tq 4 ur "insider info and/or a solid insight" if u have nothing 2 substanciate ur claim just keep off, let the man give whatever is palatable 2 us instead of empty talk or proof ur self a better teacher then D right here on this thread
take the challenge or vamoose
  • #355
  • Mar 19, 2008 4:54am Mar 19, 2008 4:54am
d do not reply to who n get into mudslinging
  • #356
  • Mar 19, 2008 5:02am Mar 19, 2008 5:02am
Quoting tman378
Damon and fellow ATP traders,

As I am more of a visual person I can grasp a concept a lot more effectively when I see how all of its elements fit together in a bigger picture. So I have compiled all the rules we've learned so far from Damon into one comprehensive process flow. I arranged them the way I understand the rules at this moment and the manner in which the rules affect one another.

I hope Damon and everyone else interested will make corrections or addition to this document. I think that this exercise can help a lot of us, including myself, to fill in the missing links and correct weaknesses in our understanding of the ATP method as a whole. We can keep adding to this chart as we learn about more entry rules.

Cheers,



Tony
impresive work man, is there any way u could add charts to ur visuals then it will be much more comprehensible or in other words simple
good job
  • #357
  • Edited 6:01am Mar 19, 2008 5:27am | Edited 6:01am
Quoting dr_who
damonl, first off you said "Consider yourself served bro."

Just to make it clear, I'm not your "bro" and never likely to be.
I'm also not jealous of you or your 'systems' because I've been there and done that over many years and now have a profitable regime based on trading more fundamentals and news.

Yes you're right, my posts generally are negative because I've seen nonsense TA stuff like yours and others posted time and time again over the years on this and other forums and often gullible newbies are taken in by the gobbledegook and short term gains many posters have.

The fact of the matter is is that TA simply does not work when it comes to using simplistic indicators and waiting for cross-overs and similar signs. They work fine when walked backwards but they always break down (some sooner than others) when walked forwards.

Enthusiastic newcomers see the charts, see the analysis and think, 'yea, this is the answer' and they often like the fact that it sounds scientific and complex (or simple depending on your taste). They then risk their hard earned cash and soon realise what they originally saw was a short term situation which was never going to walk forward profitably.

There are ways to trade forex profitably (as I do), particularly with insider info and/or a solid insight into what is really driving the markets. TA doesn't do anything other than look at historic numbers and they'll tell you next to nothing that can be usefully used in the future. Being an ex-mathematician I'd love it to be otherwise but sadly it just aint so.

I think negative posts like mine that damn TA have a role in bringing newbies (and others) to their senses when it comes to believing much of the nonsense that's banded about.

If you can make a profit then good luck to you but I can assure you there is a much greater chance of your flawed house of cards crumbling sooner or later.
Boooo...hissssss.......booooo....loser.......

Please go be an unsuccessful trader somewhere else. We have poeple here that are trying to learn and will take things from here as they move on that will be valuable to them later on in life.

We all here realize that you are the most knowlegable trader ever to walk the face of the earth and that is why you learn nothing and listen not to what others are saying.....because you already know it all and we are all beneath you.

It is a sad state that you will live a lonely and unfulfilled life until you do accept me as your bro.

Now as I said, the people here all want to learn, grow, help others and be successful. We arn't walking on water here, but on the stones that others have laid that have walked before us.

Since you don't want to contribute in a professional and ADULT manner....You're Fired! Bro

Put that into your calculator.

Rather than dropping your big wad of smelly %$@* on my porch you could have tactfully come in a warned poeple about how risky it is to trade the Forex and not risk more than you can affor to lose. This is Damonian's Mathmatical Theory and it also works, you should try it sometime.

So what will it be my brother....will you continue to be a non factor in the lives that you cross during life's journey or a factor? I hope that you learn to become a factor. Then everyone will benefit by what you have to say rather than no one.

See ya around......I'm going to live my life
"Keep your eyes on the helpers" - Mr. Rogers
  • #358
  • Mar 19, 2008 7:04am Mar 19, 2008 7:04am
@ TMan378;

Great job with your ATP Process Flow chart.

TimeFreedom
  • #359
  • Edited 7:57am Mar 19, 2008 7:18am | Edited 7:57am
@ Dr_Who;

Your point is well taken that fundies have an impact on Forex trading, but let me point out that we all don't trade the same. Some of us trade with Fibs and some don't, etc... At the end of the day ATP will work for some and not for all. We take bits and pieces from strategies here and there and make it our own and in the end piece together our own masterpiece. If you would like to share how you interpret fundies please feel free to share. I am sure we are all open ears for learning new trading techniques.

Edit: I guess your reputation in FF needs some work:
Quoting harold4x
Morning All Well Nothing Happened Last Night There Was No Daily For Gbpusd And The Other 3 Were Sells But Theny Went Up As For Dr Who Well Every Post He Puts He Uses The Same Phrase For All The Posters And That Is Idiots Thats A Shame He Really Needs Help Wish We Could Help Him
TimeFreedom
  • #360
  • Mar 19, 2008 12:20pm Mar 19, 2008 12:20pm
TF: good research on who, who is a patient, feel free to treat him impatiently
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