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ATP (Advanced Trading Philosophy) - Positioning For Success

  • #441
  • Mar 22, 2008 3:53pm Mar 22, 2008 3:53pm
Quoting SwingMan
It's evident that the original SHI_SilverTrend Indicator draws the TREND REVERSAL DOTS from right to left ! (closes crosse the trigger line).

I think that for Trend Continuation, Daily Pips Trend or 1CT, we need also to have bar dots to better visualise the trade decisions.
What do you mean SW? I am not following your thoughts on this one.
"Keep your eyes on the helpers" - Mr. Rogers
  • #442
  • Mar 22, 2008 3:54pm Mar 22, 2008 3:54pm
[quote=Robertus;1917085]
Quoting andante9

Hi andante,

Damon is testing that SilverTrend indicator. For now just use the standard one which has been provided by him at post #4. By the way here is the setup for it:
"Silver Trend Indicator (ST) with default settings. You may however want to change the colors of the dots. To me they were backwards. Please note that this indicator does repaint itself, and so it can be at times hard to pinpoint the exact use of this indicatror. After I am done going over my strategies with you, you will better understand how to effectively use this indicator."

As for exit rules, you just set the SL as per them, there is no "Exit Pending Order" in FXDD.

Hope this helps.

Robert
Thanks Robertus.....
"Keep your eyes on the helpers" - Mr. Rogers
  • #443
  • Mar 22, 2008 4:15pm Mar 22, 2008 4:15pm
Quoting SwingMan
It's evident that the original SHI_SilverTrend Indicator draws the TREND REVERSAL DOTS from right to left ! (closes crosse the trigger line).

I think that for Trend Continuation, Daily Pips Trend or 1CT, we need also to have bar dots to better visualise the trade decisions.
Here is chart with all the signal dots. If we use this indicator, then we have historicaly all the dots for older decisions.
I post also the indicator, in an unfinished version (the repainting is not solved).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_80321.gif Size: 13 KB
Attached File(s)
File Type: mq4 Damon smSilverTrend_v2.mq4   12 KB | 670 downloads
  • #444
  • Edited 6:38pm Mar 22, 2008 4:16pm | Edited 6:38pm
Today I would like to introduce you to the Non-Lag Continuation Trade (NLCT)

****Please make no notice to the EJ chart at the bottom****

Please understand that many people feel that you can overtrade the market. I feel you can never have to many reasons to open up another postion in the direction of the trade. After all, how much money will you make if you are not in the market (just look at your weekly paycheck).

That is why I have found a way to determine the trend and then trade with it, by entering as many positions as I can. The minor technicallities of each trade are really not all that important. Finding the trade and learning to not exit to early are the predominant genes.

Here are the General Rules:

  1. All you need to have is a NLRT signal. Once you have this you can have a NLCT
  2. This is a long term trade with standard Entry, Exit and S/L rules applied.

Here are the Rules for Entry a Long Position:

  1. First you need to have a NLRT signal short.
  2. Then you wait for the NL to close in yellow again but pointing in a upward direction without the formation of a green ST dot. If you get the formation of a green ST dot with a yellow close of the NL then ofcourse this would be a NLRT signal and not a NLCT signal.
  3. Then you would enter the market as per our standard entry rules.

Please see the chart below for a visual description:

Attached Image


As you can see from this chart we had a long NLRT signal based upon the green ST dot and the yellow NL close. Then we had a second NL close in yellow pointing down signifying a NLCT short.

Since our orders our now short, any long orders would be canceled and would divert to TAMB trades.

As you can see then on the next bar we have a NL closing in yellow long. Since our initial NLRT order is now a TAMB trade we would now have a NLRT short signal here.

I hope you are all starting to understand

Here are the Rules for Entry a Short Position:

  1. First you need to have a NLRT signal long.
  2. Then you wait for the NL to close in yellow again but pointing in a downward direction without the formation of a red ST dot. If you get the formation of a red ST dot with a yellow close of the NL then of course this would be a NLRT signal and not a NLCT signal.
  3. Then you would enter the market as per our standard entry rules.

Please see the chart below for a visual description:

Attached Image


As you can see from this chart we had a short NLRT signal based upon the red ST dot and the yellow NL close. Then we had a second NL close in yellow pointing up signifying a NLCT long.

Since our orders our now long, any short orders would be canceled and would divert to TAMB trades.

Currently I am still in this trade

****Please make no notice to the EJ chart below this line of text****
Attached Image
"Keep your eyes on the helpers" - Mr. Rogers
  • #445
  • Mar 22, 2008 4:55pm Mar 22, 2008 4:55pm
Here is a chart with more dots.
Have I at the vertical line from 2008.03.16 a short continuation trade (NLCT_S)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_80321.gif Size: 15 KB
  • #446
  • Edited 6:56pm Mar 22, 2008 6:06pm | Edited 6:56pm
Quoting SwingMan
Here is a chart with more dots.
Have I at the vertical line from 2008.03.16 a short continuation trade (NLCT_S)
No SW....not accoring to the rules that I trade by. You missed it by a couple of days and also would have missed a boatl load of pips
"Keep your eyes on the helpers" - Mr. Rogers
  • #447
  • Mar 22, 2008 7:51pm Mar 22, 2008 7:51pm
[quote=Robertus;1917085]
Quoting andante9

Hi andante,

Damon is testing that SilverTrend indicator. For now just use the standard one which has been provided by him at post #4. By the way here is the setup for it:
"Silver Trend Indicator (ST) with default settings. You may however want to change the colors of the dots. To me they were backwards. Please note that this indicator does repaint itself, and so it can be at times hard to pinpoint the exact use of this indicatror. After I am done going over my strategies with you, you will better understand how to effectively use this indicator."

As for exit rules, you just set the SL as per them, there is no "Exit Pending Order" in FXDD.

Hope this helps.

Robert
I see, thank-you for the reply
  • #448
  • Mar 22, 2008 8:05pm Mar 22, 2008 8:05pm
[quote=damonl;1917126]
Quoting andante9

Yes...just manage your S/L setting
I see, Thank-you!

As for the Shi_Silver, you will notice early in the tread that each pair has 1 unique setting that will need to be placed for each pair.

If you can't find it, let me know
Yes, thank-you, I noticed that unique setting post. I compared it to the settings that the new indi has built in and I saw that they were the same - that is why I am wondering if we can use the indi at default.
I have a great appreciation for the system you are trading here. I have been looking at charts intensively for the past several weeks and you have already implemented many of the things I feel I would like to incorporate into my trading style. For instance riding the trend with longer term trades as well as taking quick profits to ensure 'money in the bank', to ride out consolidations etc. I am also very impressed by the TAMB style of trades, again this is something I was toying with but had yet to implement in any concrete way.

Thanks for the continued support in this thread
  • #449
  • Mar 22, 2008 10:12pm Mar 22, 2008 10:12pm
Hi Damon,

Hope you're enjoying your Easter weekend. Thank you for sparing the time to come in and educate us on such a holiday. Also thank you for the very helpful explanation on the Non-lag Continuation Trade rules.

I have to questions about NLCT:

1. From my understanding, once we get an NLCT signal, we cancel all pending orders in the original direction before the signal, and place a new entry that is equivalent to an EES trade in the sense that this new trade will have to be triggered first before any other trades can follow in that direction. Is this correct? If this is true, an NLCT trade is very similar to a Non-lag Reversal Trade, but without the accompanying ST dot? It is a reversal BACK from a temporary and brief change in trend.

2. Does it matter how long the trend went in the opposite direction before we get an NLCT signal? For example, have you ever had a case where you get a NLRT signal from long to short, and then got a NLCT back to long after 5,6, or 7 bars? I guess my question is how do you distinguish between a continuation (coming back from a temporary deviation from original trend, as mentioned in #1), or a new trend reversal signal (which requires yellow lag AND new ST dot). How many bars in between lag change qualifies it as a NLCT, and how many bars is too many and, therefore, requires a new ST dot to accompany a yellow lag?

I hope my questions are clear enough.

Thank you, Sensei.

Happy Easter, everyone!

Tony
  • #450
  • Mar 22, 2008 10:26pm Mar 22, 2008 10:26pm
Hi again

I'd like to confirm some things about Sunday candles:

1. We get a separate Sunday candle once markets start back up Sunday afternoon. But then we get another candle at 0:00 GMT, which would be Monday candle, correct? So the Sunday candle will be a very brief candle.

2. We always base our new trades to start the week on signals we get from the MONDAY candle, correct? And then we use the high and low of Friday and Sunday to set our entry and S/L, correct? If we get Sunday candle trading entirely inside the Friday bar, as is usually the case, then we simply use high and low of Friday candle to set entry and S/L. Am I getting this right?

Thank you,

Tony
  • #451
  • Mar 23, 2008 1:36am Mar 23, 2008 1:36am
@Damon, just a question: at the bar 2008.03.18, have I also an AC_ContinuationTrade
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_80321.gif Size: 20 KB
  • #452
  • Mar 23, 2008 8:09am Mar 23, 2008 8:09am
Quoting tman378
Hi Damon,

Hope you're enjoying your Easter weekend. Thank you for sparing the time to come in and educate us on such a holiday. Also thank you for the very helpful explanation on the Non-lag Continuation Trade rules.

I have to questions about NLCT:

1. From my understanding, once we get an NLCT signal, we cancel all pending orders in the original direction before the signal, and place a new entry that is equivalent to an EES trade in the sense that this new trade will have to be triggered first before any other trades can follow in that direction. Is this correct? If this is true, an NLCT trade is very similar to a Non-lag Reversal Trade, but without the accompanying ST dot? It is a reversal BACK from a temporary and brief change in trend.

2. Does it matter how long the trend went in the opposite direction before we get an NLCT signal? For example, have you ever had a case where you get a NLRT signal from long to short, and then got a NLCT back to long after 5,6, or 7 bars? I guess my question is how do you distinguish between a continuation (coming back from a temporary deviation from original trend, as mentioned in #1), or a new trend reversal signal (which requires yellow lag AND new ST dot). How many bars in between lag change qualifies it as a NLCT, and how many bars is too many and, therefore, requires a new ST dot to accompany a yellow lag?

I hope my questions are clear enough.

Thank you, Sensei.

Happy Easter, everyone!

Tony
Hey TM....

1. #1 above is correct, you will not take anyother trades until this has triggered unless you get a reversal signal.
2. To answer your #2 above it doesn't matter how many bars are in between. Most of the time however this will happen in quick successions.
"Keep your eyes on the helpers" - Mr. Rogers
  • #453
  • Mar 23, 2008 8:11am Mar 23, 2008 8:11am
Quoting tman378
Hi again

I'd like to confirm some things about Sunday candles:

1. We get a separate Sunday candle once markets start back up Sunday afternoon. But then we get another candle at 0:00 GMT, which would be Monday candle, correct? So the Sunday candle will be a very brief candle.

2. We always base our new trades to start the week on signals we get from the MONDAY candle, correct? And then we use the high and low of Friday and Sunday to set our entry and S/L, correct? If we get Sunday candle trading entirely inside the Friday bar, as is usually the case, then we simply use high and low of Friday candle to set entry and S/L. Am I getting this right?

Thank you,

Tony
Bot 1 & 2 above is absolutely correct
"Keep your eyes on the helpers" - Mr. Rogers
  • #454
  • Mar 23, 2008 8:14am Mar 23, 2008 8:14am
Quoting SwingMan
@Damon, just a question: at the bar 2008.03.18, have I also an AC_ContinuationTrade
Hey SW.....

The ACCT would have actually signalled on the bar that closed on the 17th where the AC bars were red but did not cross the 0 level and then went back to green.
"Keep your eyes on the helpers" - Mr. Rogers
  • #455
  • Mar 23, 2008 8:17am Mar 23, 2008 8:17am
I wanted to pass on my thoughts about trading Monday the 24th.

Since Friday saw little or no movement, all the pending orders we placed would still be valid. This means that Sunday night you will have nothing to do since you already would have done it on Friday.

So enjoy your night off.

I will be around and will take this night off to give you yet another trading strtegy that is on the spreadsheet which I haven't had time to give you yet.

So until then....have a great day
"Keep your eyes on the helpers" - Mr. Rogers
  • #456
  • Mar 23, 2008 8:48am Mar 23, 2008 8:48am
Quoting SwingMan
Here is chart with all the signal dots. If we use this indicator, then we have historicaly all the dots for older decisions.
I post also the indicator, in an unfinished version (the repainting is not solved).
Hey SW....

Thanks for this new version where the dots remain. I think that this will be helpful as many times looking at all these charts things are missed. This new ST indicator is now the only one on my charts.

I appreciate what you are doing. Thanks a bunch
"Keep your eyes on the helpers" - Mr. Rogers
  • #457
  • Mar 23, 2008 2:59pm Mar 23, 2008 2:59pm
Maybe can you use the DashBoard for signals...

(The indicator "Damon smNonLagMA_v1" must be in ...\indicators.
.
Attached Image
Attached File(s)
File Type: mq4 Damon smDashBoard_v1.mq4   18 KB | 546 downloads
  • #458
  • Edited 6:13pm Mar 23, 2008 4:36pm | Edited 6:13pm
Tonight I would like to introduce you to my AO Divergence Trade (AODT).

This will be one of the harder trades to spot on the chart mainly because the signals don't come very often. It is also one of the trades that we will take without any regard to trend direction. No matter what direction our current trades are going in, we will place this order based on the signal given through the indicator even if it against our current trading trend.

Here are the General Rules:

  1. We will take this trade even if it indicates that we will be placing trades against the current trend
  2. Normal Entry, Exit and S/L rules will apply.
  3. For this trade strategy we will only be looking at the AO indicator and nothing else.
  4. Sometimes you will get more than one signal in the same direction. You should feel free to place an order each time that you would get a signal.
  5. If you first placed order does not trigger before you get a 2nd AODT in the same direction you will cancle the first and just play the 2nd.

Here are the rules for taking a Short Trade:

  1. There must be at least one green bar that has closed above the 0 level of the AO indicator.
  2. There must be at least one green bar in between any two red bars above the 0 level of the AO indicator.
  3. First you will have a set of 1 or more consecutive green bars above the 0 Level of the AO. Then you will see a series of 1 or more red bars above the 0 level of the AO. Then the AO will switch back to green again all without crossing below the 0 level.
  4. After the AO has gone from green to red and back to green you once again wait for the AO to close red and yet has stayed above the 0 level of the AO
  5. After the 2nd formation of the red bar you look at the two previous sets of green bars. If the first set of green bars has a higher high than any bar in the the second set you would place a short order once the AO has turned to red that second time.
  6. After the 2nd formation of the red bar you look at the two previous sets of green bars. If the first set of green bars has a lower high than any bar in the the second set you would not place any orders and you would wait for the bars to go green and back to red again before you looked for a AODT signal.

Please see the chart below for a visual description:

Attached Image


As you can see from the chart above the 1st eliptical represents a series of green bars that have formed above the 0 level of the AO. The 2nd eliptical represents a series of red bars that have formed above the 0 level of the AO. The 3rd eliptical represents a second series of green bars that have formed above the 0 level of the AO. Then you see a yellow arrow which would be the signal bar because another red bar formed above the 0 level of the AO.

Take a look at the 1st and 3rd elipticals representing the green bars. You will see that the 1st series of green bars has a higher high than the 2nd series of green bars. Once the next red bar is formed we will be able to place a short order below the low of the bar that produced the red AO bar. This example above is a valid AODT signal. As you can see, the next day it triggered and it is a trade that I am still in today.

You might also notice that before the first eliptical there was a series of green bars with a red bar and then another series of green bars (at the 1st eliptical). However, this would not have been a valid signal because the 2nd set of green bars had a higher high then the first set of green bars.

Here are the rules for taking a Short Trade:

  1. There must be at least one red bar that has closed below the 0 level of the AO indicator.
  2. There must be at least one red bar in between any two green bars below the 0 level of the AO indicator.
  3. First you will have a set of 1 or more consecutive red bars below the 0 Level of the AO. Then you will see a series of 1 or more green bars below the 0 level of the AO. Then the AO will switch back to red again all without crossing below the 0 level.
  4. After the AO has gone from red to green and back to red you once again wait for the AO to close green and yet has stayed below the 0 level of the AO
  5. After the 2nd formation of the green bar you look at the two previous sets of red bars. If the first set of red bars has a lower low than any bar in the the second set you would place a long order once the AO has turned to green that second time.
  6. After the 2nd formation of the green bar you look at the two previous sets of red bars. If the first set of red bars has a higher low than any bar in the the second set you would not place any orders and you would wait for the bars to go red and back to green again before you looked for a AODT signal.

Please see the chart below for a visual description:

Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 142 KB


****Sorry about the small chart, but the enlarged version did not show the elipticals and arrows****

As you can see from the chart above the 1st eliptical represents a series of red bars that have formed below the 0 level of the AO. The 2nd eliptical represents a series of green bars that have formed above the 0 level of the AO. The 3rd eliptical represents a second series of red bars that have formed above the 0 level of the AO. Then you see a yellow arrow which would be the signal bar because another green bar formed below the 0 level of the AO.

Take a look at the 1st and 3rd elipticals representing the red bars. You will see that the 1st series of red bars has a lower low than the 2nd series of red bars. Once the next green bar is formed we will be able to place a long order above the high of the bar that produced the green AO bar. This example above is a valid AODT signal. As you can see, the next day it triggered and gave us some nice profits.

And there you have it. The explanation to the AODT.

Enjoy and happy pippin this week
"Keep your eyes on the helpers" - Mr. Rogers
  • #459
  • Mar 23, 2008 6:15pm Mar 23, 2008 6:15pm
Quoting SwingMan
Maybe can you use the DashBoard for signals...

(The indicator "Damon smNonLagMA_v1" must be in ...\indicators.
.
Thanks SW....I am looking forward to putting this on my chart and seeing how it is helpful.

Much obliged
"Keep your eyes on the helpers" - Mr. Rogers
  • #460
  • Mar 23, 2008 6:45pm Mar 23, 2008 6:45pm
It looks like we no longer will get Sunday candles with IBFX for now. Something to do with Daylight Saving Time (DST).

TimeFreedom
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