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ATP (Advanced Trading Philosophy) - Positioning For Success

  • #601
  • Mar 30, 2008 5:58pm Mar 30, 2008 5:58pm
Quoting autaret
Still I can't give you a precise backtesting becouse the difficult to learn all the rules, improvements and changes and put the orders. I was busy about 3-4 hour per day in doing that ...
Anyways, my first impressions is: we give back to the market too much pips (winning positions that becomes losing positions without a rule to get some pips in our pokets). I know you are working on that for sure. I agree with you that the system is projected to be a "killer" in a trending market and to behave at least not so bad in a ranging one but ... sometimes some little trick could help us to get pips in difficult situations.
For istance, my real eurusd was a big winner in the last 2 weeks just becouse I simply took profits at the end of each winner day (not following strictly the rules). Instead the demo was "trapped" more with some losses and some wins.
Personally I could suggest to divide each entry in at least 2 positions (keeping the total risk unchanged per trade): the first one looking to catch the big trend (as for the APT regular rules), the second one closed manually at the end of the day or with a PT (profit target) pre-determined.
This is just an idea, my 1 cent
See you soon Luigi
Thanks CL....I have thought of this many times, but each time I shake my head.

I think that you will find things will be different now with the addition of the TAMB trades and the 2BBE Exit Solution.

Also, EU had a rough week and is really not typical of usual movement. Already we are seeing a slow down in volume. Please keep us up on your results
"Keep your eyes on the helpers" - Mr. Rogers
  • #602
  • Mar 30, 2008 6:51pm Mar 30, 2008 6:51pm
Hi Damon and everyone!

Well, here we go again... a new week. Sunday's candle always throws me off a bit. I get confused about which bar to use for signal, which bar to place TAMB on etc. You'll see my confusion in my analysis today. Please bare with me. I'm still in the process of bringing all the rules together, and the market's ranging mode is not very encouraging right now. I've only had trades stopped out with minor losses. Haven't seen good accumulation on profit for the past week or so. Can everyone else confirm this, so I know it's the market and not just me? If it's confirmed to be ranging market, I'm pretty satisfied with how we've been able to limit the damage to just small losses (about $300 on a $15,000 account). Just would like to start seeing some trending markets so we can begin to see the true profit potential of this new and improved ATP

My analysis for today. Damon, please clarify for me especially the trading rules for Sunday. Thank you

Pair


AUD/USD
.35

Add: 8
Observations

  1. Sunday candle looks to close in yellow pointing down – No ST dot = NLCT

Actions
1. Cancel all pending long orders
2. Place SL for all open long orders at low of 3/30 bar
3. Place NLCT short trade
4. Place TAMB long trade on 3/28 bar

EUR/AUD
.35

Add:11

Observations
1. UT continues – NLCT long trade still not triggered

Actions

  1. Keep NLCT long trade (this must trigger before any more long trades can be placed)
  2. Move SL for all open long trades to the low of 3/28 bar
  3. Place a TAMB short trade on 3/28 bar

EUR/CAD
.35

Add: 11
Observations

  1. UT continues

Actions

  1. Move SL for all open long trades to low of 3/28 bar
  2. Place daily DPTT long trade
  3. Place a TAMB short trade on 3/28 bar

EUR/CHF
.35

Add: 7
Observations

  1. DT continues – EES1 short trade not triggered

Actions

  1. Keep NLRT (EES1) short order
  2. Place daily TAMB long trade on 3/28 bar

EUR/GBP
.25

Add: 6
Observations

  1. UT continues

Actions

  1. Move SL for all open long trades to low of 3/28 bar
  2. Place daily DPTT long trade
  3. Place daily TAMB short trade on 3/28 bar

EUR/JPY
.25

Add: 7
Observations

  1. Yellow NL pointing down -- NLCT

Actions

  1. Cancel all pending long orders
  2. Move SL of all open long orders to low of 3/30 bar
  3. Place NLCT short trade
  4. Place TAMB long trade on 3/28 bar

EUR/USD
.35

Add: 5
Observations

  1. UT continues
  2. Inside bar
  3. 2 red bars

Actions

  1. Leave SL for open long trades at low of 3/26 bar
  2. Place IB long trade
  3. Place TAMB short trade on 3/28 bar (I’m a bit confused about where to place TAMB trades on Sunday. Do we go back to Friday or Thursday bar?)

GBP/CHF
.15

Add: 12
Observations

  1. DT continues – NLCT short triggered
  2. AO turning red

Actions

  1. Move SL for all open short trades to high of 3/28 bar
  2. Place EES2 short trade based on red AO
  3. Place DPTT short trade
  4. Place daily TAMB long trade on 3/28 bar

GBP/JPY
.15

Add: 12
Observations

  1. Yellow NL down on Friday bar = NLCT

Actions

  1. Cancel all pending long orders
  2. Move SL for all open long orders to low of Friday bar (3/28)
  3. Place NLCT short trade
  4. Place daily TAMB long trade on 3/28 bar

GBP/USD
.35

Add: 7
Observations

  1. Yellow NL down on Friday bar = NLCT

Actions

  1. Cancel all pending long orders
  2. Move SL for all open long orders to low of Friday bar (3/28)
  3. Place NLCT short trade
  4. Place daily TAMB long trade on 3/28 bar

NZD/USD
.35

Add: 8
Observations

  1. Yellow NL down on Friday bar = NLCT

Actions

  1. Cancel all pending long orders
  2. Move SL for all open long orders to low of Friday bar (3/28)
  3. Place NLCT short trade
  4. Place daily TAMB long trade on 3/28 bar

USD/CAD
.35

8
Observations

  1. Yellow NL up on Friday bar = NLCT

Actions

  1. Cancel all pending short orders
  2. Move SL for all open short orders to low of Friday bar (3/28)
  3. Place NLCT long trade
  4. Place daily TAMB short trade on 3/28 bar

USD/CHF
.35

7
Observations

  1. DT continues -- NLRT(EES1) short trade not triggered
  2. 2 green bars

Actions

  1. Keep NLRT (EES1) short order (this must trigger before any more short trades can be placed)
  2. Leave SL for open long trades at low of 3/26 bar

  1. Place daily TAMB long trade on 3/28 bar (maybe not)

USD/JPY
.35

Observations

  1. DT continues
  2. Higher low = 1DCT

Actions

  1. Place daily DPTT short trade
  2. Place 1DCT short trade
  3. Place daily TAMB long trade on 3/28 bar

  • #603
  • Mar 30, 2008 8:11pm Mar 30, 2008 8:11pm
Hi Damon,

I good example of where I often get confused with Sunday's bar: please see chart below for EUR/JPY from today. I marked the Sunday bar with a yellow vertical line. In this case, would we have taken the yellow NL pointing down on Sunday bar as an NLCT signal? Or would we rather base our direction on the Friday bar, which is still up trend?

Another example, the second chart shows Sunday bar for AUD/USD, again with the yellow NL signaling an NLCT on Sunday bar, but Friday bar was still up trend.

Also, in both of these cases, where would be have placed the TAMB trades?

Thank you.

Cheers,

Tony
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy033108.gif Size: 12 KB
Click to Enlarge Name: audusd033108.gif Size: 13 KB
  • #604
  • Edited 8:46pm Mar 30, 2008 8:26pm | Edited 8:46pm
Quoting tman378
Hi Damon and everyone!

Well, here we go again... a new week. Sunday's candle always throws me off a bit. I get confused about which bar to use for signal, which bar to place TAMB on etc. You'll see my confusion in my analysis today. Please bare with me. I'm still in the process of bringing all the rules together, and the market's ranging mode is not very encouraging right now. I've only had trades stopped out with minor losses. Haven't seen good accumulation on profit for the past week or so. Can everyone else confirm this, so I know it's the market and not just me? If it's confirmed to be ranging market, I'm pretty satisfied with how we've been able to limit the damage to just small losses (about $300 on a $15,000 account). Just would like to start seeing some trending markets so we can begin to see the true profit potential of this new and improved ATP

My analysis for today. Damon, please clarify for me especially the trading rules for Sunday. Thank you

Pair


AUD/USD
.35

Add: 8
Observations

  1. Sunday candle looks to close in yellow pointing down – No ST dot = NLCT

Actions
1. Cancel all pending long orders
2. Place SL for all open long orders at low of 3/30 bar
3. Place NLCT short trade
4. Place TAMB long trade on 3/28 bar


For me Sunday Candle did not close in yellow and if it had I would have placed the NLCT order, but probably left my S/L where it was on the 3/28 bar as trend my very well continue up.


EUR/AUD
.35

Add:11

Observations
1. UT continues – NLCT long trade still not triggered

Actions

  1. Keep NLCT long trade (this must trigger before any more long trades can be placed)
  2. Move SL for all open long trades to the low of 3/28 bar
  3. Place a TAMB short trade on 3/28 bar

Once again, merge Sunday bar with Friday and so your S/L order would be placed below the 3/27 bar. Make sure you give your trade room to breath. This will probably be the case for all pairs below I would imagine
EUR/CAD
.35

Add: 11
Observations

  1. UT continues

Actions

  1. Move SL for all open long trades to low of 3/28 bar
  2. Place daily DPTT long trade
  3. Place a TAMB short trade on 3/28 bar

Because of Sundays' open and close, I did not adjust any long orders for today and left them where they were on Friday. I also have about 6 Ecad trades open at the moment, so I was in no real hurry to enter another one.

Your TAMB trades should also combine Sunday's bar with Friday's and so your orders would be placed below the bar that closed on the 27th. This will probably be the case for all TAMB orders you palced today

EUR/CHF
.35

Add: 7
Observations

  1. DT continues – EES1 short trade not triggered

Actions

  1. Keep NLRT (EES1) short order
  2. Place daily TAMB long trade on 3/28 bar

Fro me Sunday closed in yellow so I place a NLCT long above Friday's bar and cancelled all current short orders except the TAMB trades.

EUR/GBP
.25

Add: 6
Observations

  1. UT continues

Actions

  1. Move SL for all open long trades to low of 3/28 bar
  2. Place daily DPTT long trade
  3. Place daily TAMB short trade on 3/28 bar

EUR/JPY
.25

Add: 7
Observations

  1. Yellow NL pointing down -- NLCT

Actions

  1. Cancel all pending long orders
  2. Move SL of all open long orders to low of 3/30 bar
  3. Place NLCT short trade
  4. Place TAMB long trade on 3/28 bar

EUR/USD
.35

Add: 5
Observations

  1. UT continues
  2. Inside bar
  3. 2 red bars

Actions

  1. Leave SL for open long trades at low of 3/26 bar
  2. Place IB long trade
  3. Place TAMB short trade on 3/28 bar (I’m a bit confused about where to place TAMB trades on Sunday. Do we go back to Friday or Thursday bar?)

GBP/CHF
.15

Add: 12
Observations

  1. DT continues – NLCT short triggered
  2. AO turning red

Actions

  1. Move SL for all open short trades to high of 3/28 bar
  2. Place EES2 short trade based on red AO
  3. Place DPTT short trade
  4. Place daily TAMB long trade on 3/28 bar

GBP/JPY
.15

Add: 12
Observations

  1. Yellow NL down on Friday bar = NLCT

Actions

  1. Cancel all pending long orders
  2. Move SL for all open long orders to low of Friday bar (3/28)
  3. Place NLCT short trade
  4. Place daily TAMB long trade on 3/28 bar

GBP/USD
.35

Add: 7
Observations

  1. Yellow NL down on Friday bar = NLCT

Actions

  1. Cancel all pending long orders
  2. Move SL for all open long orders to low of Friday bar (3/28)
  3. Place NLCT short trade
  4. Place daily TAMB long trade on 3/28 bar

NZD/USD
.35

Add: 8
Observations

  1. Yellow NL down on Friday bar = NLCT

Actions

  1. Cancel all pending long orders
  2. Move SL for all open long orders to low of Friday bar (3/28)
  3. Place NLCT short trade
  4. Place daily TAMB long trade on 3/28 bar

USD/CAD
.35

8
Observations

  1. Yellow NL up on Friday bar = NLCT

Actions

  1. Cancel all pending short orders
  2. Move SL for all open short orders to low of Friday bar (3/28)
  3. Place NLCT long trade
  4. Place daily TAMB short trade on 3/28 bar

Once again, Sunday opened outside the realm of Friday and since i had a TAMB trade very close I just left all my current long positions ride and added and TAMB traes short

USD/CHF
.35

7
Observations

  1. DT continues -- NLRT(EES1) short trade not triggered
  2. 2 green bars

Actions

  1. Keep NLRT (EES1) short order (this must trigger before any more short trades can be placed)
  2. Leave SL for open long trades at low of 3/26 bar

  1. Place daily TAMB long trade on 3/28 bar (maybe not)

USD/JPY
.35

Observations

  1. DT continues
  2. Higher low = 1DCT

Actions

  1. Place daily DPTT short trade
  2. Place 1DCT short trade
  3. Place daily TAMB long trade on 3/28 bar

Same as above regarding Sunday outside the realm of Friday. I just let Friday's pending orsers stand.

Hey TM...Please see my analysis above in blue.....

If it is any consolation, the market is ranging and it is not just you. Big decisions will be made this week regarding the USD so hang in there. You will get plenty of trending markets. It is reassuring to know that your losses are minimal, tomorrow I will go over my totals since I started this thread.

Sunday's bar is always a chalange for me as well especially if it opens or closes outside the parameters of Friday's bar. As a rule of thumb, I visually add Sunday's bar to Friday's bar and place orders accordingly as any normal day.

Sometimes however in the case of last week which showed little movement Thurs. or Fri. I may chose just to keep those existing orders open and not place any trades of Sunday's and Friday's combination. It will become more natural to you as you go along

What you will find when trading ATP is that your account balance will diminish slowly because you are always closing your losers and keeping your winners, but you will see increases in your Equity or your open trades because you are always keeping your winners and letting them grow.

This is a lot of work I know, but I love it.

Keep up that good work
"Keep your eyes on the helpers" - Mr. Rogers
  • #605
  • Mar 30, 2008 8:31pm Mar 30, 2008 8:31pm
Quoting tman378
Hi Damon,

I good example of where I often get confused with Sunday's bar: please see chart below for EUR/JPY from today. I marked the Sunday bar with a yellow vertical line. In this case, would we have taken the yellow NL pointing down on Sunday bar as an NLCT signal? Or would we rather base our direction on the Friday bar, which is still up trend?

Another example, the second chart shows Sunday bar for AUD/USD, again with the yellow NL signaling an NLCT on Sunday bar, but Friday bar was still up trend.

Also, in both of these cases, where would be have placed the TAMB trades?

Thank you.

Cheers,

Tony
Hey TM...I think you will find some of the answers you seek in my critique of your analysis.

As for EJ, I took the short orders based on Sunday today even though Sunday opened outside the realm of Friday because Sunday's bar had a fair amount of up movement. Had this up movement no occured I probably would have not placed any short orders today, relied on already place TAMB trades and left my S/L below the low of the bar on 3/27.

As for AU, I did not have a short signal for Sunday's bar and so I was still in an uptrend.
"Keep your eyes on the helpers" - Mr. Rogers
  • #606
  • Edited 9:19pm Mar 30, 2008 8:40pm | Edited 9:19pm
Attached Image
Attached Image


Because of the lack of movement on Thursday and Friday and with today being a Monday, I did not place any new trades today with EU.

And based upon the rules set out by our 2BBE Exit Solution I also left my S/L settings on the bar that closed 3/26/08.

Anyone that is trying this strategy, please be aware that it is very forgiving. If you make an error here or there you will find that it will not hurt you very much and only on rare occassions you will need to use a little good judgement on your part and step away from the rules.

Tomorrow I will share with you where I am at since I opened up this thread in terms of profit and equity. At the moment I have no intention of doing this more than once per month and usually it will be at the close of the month.

As always I am here to help anyone keep learning this method as I know there is a lot to it, but please find me the book that says trading was easy.

Until tomorrow happy pippin'

Updated Spreadsheet for 03/31/08:
Attached File(s)
File Type: xls 3-31-08.xls   210 KB | 407 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #607
  • Mar 30, 2008 9:25pm Mar 30, 2008 9:25pm
@ Damon,

All your hard work and help is highly appreciated.

TimeFreedom
  • #608
  • Mar 31, 2008 2:22am Mar 31, 2008 2:22am
What still confuses me is the disappear of dots in the silver trend indicator. I still don't understand how it really works. What are the conditions that a dot stay forever? It looks good if you look at the chart backward but in reality?

Regards - Xaron
  • #609
  • Mar 31, 2008 5:51am Mar 31, 2008 5:51am
Quoting Xaron
What still confuses me is the disappear of dots in the silver trend indicator. I still don't understand how it really works. What are the conditions that a dot stay forever? It looks good if you look at the chart backward but in reality?

Regards - Xaron
Yes, they disappear, but I think that you are focusing too much on the dots. The dots really only come into play in or around the NL turning yellow. Otherwise the dots mean nothing.

Also if you use Swimg Man's inidator the dots do not disappear. Maybe this will help you
"Keep your eyes on the helpers" - Mr. Rogers
  • #610
  • Mar 31, 2008 6:05am Mar 31, 2008 6:05am
Yes I use Swingman's indicator. But sometimes you get a dot, after that the yellow NL with an entry - you enter the position above the high/below the low and after that, the dot disappears (or becomes a small one) and the market turns against you.

I know there are bad trades, that's normal, but that way you can't backtest it. I'd like to know WHEN it is 100% sure that a dot won't disappear. What are the rules for that? The channel must had been left and reentered and left on the other side?

Regards - Xaron
  • #611
  • Mar 31, 2008 7:22am Mar 31, 2008 7:22am
Quoting Xaron
the dot disappears (or becomes a small one)
- When the dot becomes small, this is normal, because we see then a next big last dot.

- When the dot disappears, this is a bug (or repainting bug).

I wrote that I dont resolved completly the repainting problem. For example, the Signal indicator with arrows, draws too many arrows, and if you restart the indicator, then remains only the last guilty signals, and not all intermediar arrow-signals.
When I have a version without bugs, I posted it.

For the original indicators or for me indis, the only 100% surety that the dots won't disappear, is to restart the calculation of the indicators before you take a trading decision.
  • #612
  • Mar 31, 2008 9:20am Mar 31, 2008 9:20am
Hello damon...
thanks for your great system...but, this nubie want to ask you about UJ chart below...correct me if i am wrong, please.
Attached Image (click to enlarge)
Click to Enlarge Name: uj_chart.JPG Size: 91 KB
  • #613
  • Mar 31, 2008 9:24am Mar 31, 2008 9:24am
btw...EU give me +30 today...how nice....
thanks for you all...and GBU
  • #614
  • Mar 31, 2008 3:52pm Mar 31, 2008 3:52pm
Hi everybody,

First of all I want to apologize for the delay to make all changes required, but again I was away of my city.

I made the new ebook with all new information and changes. I hope can help.
Attached File(s)
File Type: pdf ATP II.pdf   762 KB | 960 downloads
  • #615
  • Mar 31, 2008 4:15pm Mar 31, 2008 4:15pm
Thank you Bull ... great job!
Ciao Luigi
  • #616
  • Mar 31, 2008 4:37pm Mar 31, 2008 4:37pm
Quoting Xaron
Yes I use Swingman's indicator. But sometimes you get a dot, after that the yellow NL with an entry - you enter the position above the high/below the low and after that, the dot disappears (or becomes a small one) and the market turns against you.

I know there are bad trades, that's normal, but that way you can't backtest it. I'd like to know WHEN it is 100% sure that a dot won't disappear. What are the rules for that? The channel must had been left and reentered and left on the other side?

Regards - Xaron
It has something to do with price action, but I am unsure of the rules that govern when a dot sticks. Perhaps sometime I can do a google search and try to find out more info on this indicator, and actually I think that Swing Man pointed out to me that the rules that govern the indictor are different than the way that we use it.

Perhaps there is other info out there on it that can help you
"Keep your eyes on the helpers" - Mr. Rogers
  • #617
  • Mar 31, 2008 4:40pm Mar 31, 2008 4:40pm
Quoting jericho
Hello damon...
thanks for your great system...but, this nubie want to ask you about UJ chart below...correct me if i am wrong, please.
hey Jericho.....

it looks like you may have it right, but I am unsure as to where your arrows are pointing.

As per your chart you would set a short order 1 pip below the low of the bar and your S/L 1 pip + spread above the high of the bar. It appears that your arrow for the S/L is set at the point where the bar opened.

Just verifying.....

We use the highs and lows of the bars...not the open and close points
"Keep your eyes on the helpers" - Mr. Rogers
  • #618
  • Mar 31, 2008 4:44pm Mar 31, 2008 4:44pm
this looks very interesting im gonna give it a try!
  • #619
  • Mar 31, 2008 4:44pm Mar 31, 2008 4:44pm
Hey guys have you experienced continue disconnections of InterbankFX platform today???
  • #620
  • Mar 31, 2008 4:58pm Mar 31, 2008 4:58pm
Quoting autaret
Hey guys have you experienced continue disconnections of InterbankFX platform today???
I use IBFX, but am not around during the day. However I didn't see any lapses in pip counts on the smaller time frames
"Keep your eyes on the helpers" - Mr. Rogers
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