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ATP (Advanced Trading Philosophy) - Positioning For Success

  • #641
  • Apr 1, 2008 9:49pm Apr 1, 2008 9:49pm
Quoting damonl
Hey fxl.....This is a good suggestion, but I would be unsure of which 50% to close. Do you just close the ones in profit? Do you just close the ones in a loss. Because there are 14 pairs that I am trading, this would be very confusing.

I think it is an all or nothing deal in this case

I would lock in the 5% profit using the criteria:

1) Close the most profitable trades by pair leaving approx. the same number of open trades for each pair. (like triming a tree) This can be easily determined by sorting the open trades by pair and "pruning" the trades until you reach your goal.

2) Adjust the S/L for the remaining trades using the previously closed bar.

Although this might be a little subjective, being exact is not as important as offsetting a drawdown.


Before I forget - Tks! for such a superior trading system. I "pruned" $866 this afternoon on two pairs.
  • #642
  • Apr 1, 2008 9:52pm Apr 1, 2008 9:52pm
Can anyone has a doc for quick reference by AODT ,EES etc
  • #643
  • Apr 2, 2008 9:48am Apr 2, 2008 9:48am
Quoting indianguyinny24
Can anyone has a doc for quick reference by AODT ,EES etc
There's a link to a spreadsheet at the bottom of damoni's daily analysis posts and in the spreadsheet check out the column that says type of trade.
  • #644
  • Apr 2, 2008 11:24am Apr 2, 2008 11:24am
Quoting damonl
Based on Swing Man's Shi_Silver indicator (thanks man) and some of the updated rules I have changed one of the settings within his indicator.

I have change the Otsup value on all pairs to 10

You can change yours as well by going into the propeties menu of the indicator and double click on the Otsup column and change the number there for all pairs to 10.

I do recommend using Swing Man's indicator instead of the one I posted on the first page.

Happy pippin'

Sorry to be changing things from time to time, but trading is evolution in process
Sorry damonl...may you post this indi, please?...thank you so much
  • #645
  • Apr 2, 2008 5:03pm Apr 2, 2008 5:03pm
Quoting damonl
AUD/USD
.35

Add: 8
Observations

  1. DT continues
  2. AO turning red = EES2 trade

Actions
1. Move SL for all open short trades to high of 3/31 bar
2.Place TRT (EES2) short trade
3. Place DPTT short trade
4.Place TAMB long trade on 3/31 bar

My bad on this one....we actually never had a NLCT because the last ST dot was green, confirmed by a green AO which means that we would not have any trades short right now except for the NLPT short that was placed on 3/25/08. Any NLCT would have to match the direction of the last ST dot.

Hi Damon,

Thank you for correcting my analysis. Much appreciated as always. I'm starting to see your thought process. The NLCT now makes more sense to me, with the added criteria that requires the NL to match the direction of the most recent ST dot. So now am I understanding correctly that currently no short trades can be placed for AUD/USD because the most recent NL change (from up to down) is not in agreement with the most previous ST dot (green)? So an NLCT has not occurred, and therefore no short trades, not even TAMB short trades, correct?

So we would not be able to open any more trades for AUD/USD until we get another NL change (from down to up) to place an NLCT long trade along with some TAMB long trades. Basically no activities on AUD/USD until this happens. Please let me know if I'm way off here.

Thank you!

Tony
  • #646
  • Apr 2, 2008 5:17pm Apr 2, 2008 5:17pm
great hard work, thank you
I don't say
  • #647
  • Apr 2, 2008 7:09pm Apr 2, 2008 7:09pm
Quoting indianguyinny24
Can anyone has a doc for quick reference by AODT ,EES etc
Please also look for Bull's spreadsheet that he has posted as his also contains the rules for 95% of the trades to date.

He did a great job with it. I would use it myself except I am unable to upload that file everynight.
"Keep your eyes on the helpers" - Mr. Rogers
  • #648
  • Apr 2, 2008 7:13pm Apr 2, 2008 7:13pm
Quoting jericho
Sorry damonl...may you post this indi, please?...thank you so much
Hey Jericho...here is that indicator.

Attached File(s)
File Type: mq4 Damon smSilverTrend_v2.mq4   12 KB | 531 downloads


Make sure that you change your Otsup settings = 10 for all pairs.
"Keep your eyes on the helpers" - Mr. Rogers
  • #649
  • Apr 2, 2008 7:20pm Apr 2, 2008 7:20pm
Quoting tman378
Hi Damon,

Thank you for correcting my analysis. Much appreciated as always. I'm starting to see your thought process. The NLCT now makes more sense to me, with the added criteria that requires the NL to match the direction of the most recent ST dot. So now am I understanding correctly that currently no short trades can be placed for AUD/USD because the most recent NL change (from up to down) is not in agreement with the most previous ST dot (green)? So an NLCT has not occurred, and therefore no short trades, not even TAMB short trades, correct?

So we would not be able to open any more trades for AUD/USD until we get another NL change (from down to up) to place an NLCT long trade along with some TAMB long trades. Basically no activities on AUD/USD until this happens. Please let me know if I'm way off here.

Thank you!

Tony
Hey TM.....actually here is how it would go.

  1. You would have place a NLPT short below the bar that closed on 3/25/08. Once this trade triggers you would be free to place orders as usual. Which means that today you would place a 1DCT and a DPTT.
  2. Your evaluation on the TAMB trades is correct.
  3. I am also going to introduce a Non-Lag Flag Trade which will be a first day in profit trade for when you get a signal like with the AU where it wasn't a NLRT and a NLCT. It appears that a first day in profit trade in these situations is very profitable.

I appreciate your willingness to ask questions and to upload your analysis. It is very helpful to others.

"Keep your eyes on the helpers" - Mr. Rogers
  • #650
  • Apr 2, 2008 7:30pm Apr 2, 2008 7:30pm
Hi Damon and friends

Here's my best attempt at applying all the latest up-to-date rules from Damon. Please pick it apart and let me know where my weak points are. Thank you as always,Damon, and hopefully everyone is following along on their own charts and can confirm or question my analysis.

Cheers,

Tony

Edit: Just when I was about to post, I saw Damon's latest reply to my question about inactivity when we have no valid NLCT signal, as is the case for AUD/USD currently. Please ignore my analysis on those pairs that say "No actions", as obviously Damon has now devised several ways we can initiate trades in lieu of NLCT or NLRT. I'll have to review his latest suggestions...after my breakfast Yes...it is breakfast time here in Thailand, where I'll be for the foreseeable future.

I'll also wait for your corrections today to further confirm my understanding about the abovementioned scenario, Damon. Thank you again.

Cheers,

Tony

AUD/USD
.35

Add: 8
Observations

  1. DT continues BUT since we never had a NLRT down, no short trades can be placed

Actions
1. No actions.


EUR/AUD
.35

Add:11

Observations
1. TRT (EES2) short trade triggered -- Actually the NL yellow signal did not happen until today, so we’ll treat 4/2 bar as the signal bar
2. Should be placing TAMB trade based on new rules (with TRT or NLRT signal)

Actions

  1. Move SL for all open short trades to the high 4/01 bar
  2. Place TAMB short trades on 3/27 and 3/28 bars (Should have been done yesterday along with the EES2 trade, but I was early in placing that trade yesterday.)
  3. A NLPT long trade should have been placed along with the EES2 also. So will do it based on today bar, which is the true signal bar.
  4. Place DPTT short trade


EUR/CAD
.35

Add: 11
Observations
1. DT continues -- TRT (EES2) short trade triggered
2. Again, should have placed TAMB short trades yesterday along with the EES2, so will do it today.

Actions

  1. Move SL for all open short trades to the high of 4/01 bar
  2. Place TAMB short trades on 3/26 bar
  3. Place NLPT long trade based on 4/01 bar, which was the signal bar.
  4. Place DPTT short trade


EUR/CHF
.35

Add: 7
Observations

  1. Red ST dot but trend still confirmed long.
  2. An NLPT short trade should have been placed yesterday with the NLCT signal

Actions

  1. Move SL for all open long trades, if any, to the low of 4/01 bar
  2. Place NLPT from yesterday
  3. No TAMB trades since there’s no NLRT signal
  4. Place DPTT long trade


EUR/GBP
.25

Add: 6
Observations
1. DT continues – EES1 triggered
2. Should have placed TAMB short trades along with the EES1, so will do that today.
3. AO turning red = TRT (EES2)

Actions

  1. Move SL for all open short trades to the high of 4/01 bar
  2. Place TAMB short trades on 3/27 and 3/28 bars
  3. Place EES2 short trade
  4. Place NLPT long trade, which should have been placed with yesterday’s NL change.
  5. Place DPTT short trade


EUR/JPY
.25

Add: 7
Observations

  1. Red ST dot but UT still continues
  2. NLPT short trade should have been placed with yesterday’s NL change

Actions

  1. Move SL for all open long trades to the low of 4/01 bar
  2. Place NLPT short trade on 4/01 bar
  3. Place DPTT long trade


EUR/USD
.35

Add: 5
Observations

  1. DT continues

Actions

  1. Move SL for all open short trades to the high of 4/01 bar
  2. Place DPTT short trade


GBP/CHF
.15

Add: 12
Observations

  1. UT continues – EES1 long triggered
  2. NLPT short trade should have been placed with yesterday’s NLRT signal, so will do that today.

Actions

  1. Move SL for all open long trades to the low of 4/01 bar
  2. Place NLPT short trade based on 4/01 signal bar
  3. Place DPTT long trade


GBP/JPY
.15

Add: 12
Observations

  1. UT continues – NLCT long trade triggered
  2. NLPT short trade should have been placed with yesterday’s NLCT trade, so will do that today

Actions

  1. Move SL for all open long trades to the low of 4/01 bar
  2. Place NLPT short trade based on 4/01 signal bar
  3. Place DPTT long trade


GBP/USD
.35

Add: 7
Observations

  1. DT continues
  2. Higher low = 1DCT

Actions

  1. Move SL for all open short trades to the high of 4/01 bar
  2. Place 1DCT trade
  3. Place DPTT short trade


NZD/USD
.35

Add: 8
Observations

  1. DT continues
  2. Higher low = 1DCT

Actions

  1. Move SL for all open short trades to the high of 4/01 bar
  2. Place 1DCT trade
  3. Place DPTT short trade


USD/CAD
.35

8
Observations

  1. Yellow NL turned down, agreeing with the most recent ST dot (red) = valid NLCT short

Actions

  1. Cancel all pending long orders (I assume this rule is still applicable to NLRT and NLCT?)
  2. Move SL for all open long trades to the low of 4/02 bar.
  3. Place NLCT short trade (This must be triggered before any more short trades can be placed, right Damon?)
  4. Place NLPT long trade on 4/02 bar.


USD/CHF
.35

7
Observations

  1. No long trades should have been placed until now, since the most recent NL change (up) did not agree with the most recent ST dot (red) = no valid NLCT

Actions

  1. No actions.


USD/JPY
.35

Observations

  1. UT continues – NLCT long trade triggered

Actions

  1. Move SL for all open long trades to the low of 4/01 bar
  2. Place DPTT long trade

  • #651
  • Apr 2, 2008 8:29pm Apr 2, 2008 8:29pm
Quoting tman378
Hi Damon and friends

Here's my best attempt at applying all the latest up-to-date rules from Damon. Please pick it apart and let me know where my weak points are. Thank you as always,Damon, and hopefully everyone is following along on their own charts and can confirm or question my analysis.

Cheers,

Tony

Edit: Just when I was about to post, I saw Damon's latest reply to my question about inactivity when we have no valid NLCT signal, as is the case for AUD/USD currently. Please ignore my analysis on those pairs that say "No actions", as obviously Damon has now devised several ways we can initiate trades in lieu of NLCT or NLRT. I'll have to review his latest suggestions...after my breakfast Yes...it is breakfast time here in Thailand, where I'll be for the foreseeable future.

I'll also wait for your corrections today to further confirm my understanding about the abovementioned scenario, Damon. Thank you again.

Cheers,

Tony

AUD/USD
.35

Add: 8
Observations

  1. DT continues BUT since we never had a NLRT down, no short trades can be placed

Actions
1. No actions.


EUR/AUD
.35

Add:11

Observations
1. TRT (EES2) short trade triggered -- Actually the NL yellow signal did not happen until today, so we’ll treat 4/2 bar as the signal bar
2. Should be placing TAMB trade based on new rules (with TRT or NLRT signal)

Actions

  1. Move SL for all open short trades to the high 4/01 bar
  2. Place TAMB short trades on 3/27 and 3/28 bars (Should have been done yesterday along with the EES2 trade, but I was early in placing that trade yesterday.) Also below the 3/26 bar
  3. A NLPT long trade should have been placed along with the EES2 also. So will do it based on today bar, which is the true signal bar.
  4. Place DPTT short trade No DPTT as NLRT has not triggered

EUR/CAD
.35

Add: 11
Observations
1. DT continues -- TRT (EES2) short trade triggered
2. Again, should have placed TAMB short trades yesterday along with the EES2, so will do it today.

Actions

  1. Move SL for all open short trades to the high of 4/01 bar
  2. Place TAMB short trades on 3/26 bar and the 3/25 bar
  3. Place NLPT long trade based on 4/01 bar, which was the signal bar.
  4. Place DPTT short trade

EUR/CHF
.35

Add: 7
Observations

  1. Red ST dot but trend still confirmed long.
  2. An NLPT short trade should have been placed yesterday with the NLCT signal

Actions

  1. Move SL for all open long trades, if any, to the low of 4/01 bar
  2. Place NLPT from yesterday
  3. No TAMB trades since there’s no NLRT signal
  4. Place DPTT long trade

EUR/GBP
.25

Add: 6
Observations
1. DT continues – EES1 triggered
2. Should have placed TAMB short trades along with the EES1, so will do that today.
3. AO turning red = TRT (EES2) This could also be a AODT. When you see this set up you should use this trade instead just so I know that you understand it. Technically however you are right

Actions

  1. Move SL for all open short trades to the high of 4/01 bar
  2. Place TAMB short trades on 3/27 and 3/28 bars and 3/26 bar
  3. Place EES2 short trade
  4. Place NLPT long trade, which should have been placed with yesterday’s NL change.
  5. Place DPTT short trade

EUR/JPY
.25

Add: 7
Observations

  1. Red ST dot but UT still continues
  2. NLPT short trade should have been placed with yesterday’s NL change

Actions

  1. Move SL for all open long trades to the low of 4/01 bar
  2. Place NLPT short trade on 4/01 bar
  3. Place DPTT long trade
  4. You also have a long ACCT trade

EUR/USD
.35

Add: 5
Observations

  1. DT continues

Actions

  1. Move SL for all open short trades to the high of 4/01 bar
  2. Place DPTT short trade

GBP/CHF
.15

Add: 12
Observations

  1. UT continues – EES1 long triggered
  2. NLPT short trade should have been placed with yesterday’s NLRT signal, so will do that today.

Actions

  1. Move SL for all open long trades to the low of 4/01 bar
  2. Place NLPT short trade based on 4/01 signal bar
  3. Place DPTT long trade
  4. because of the NLRT you would have had some TAMB long trades to place yesterday, but you can get those next time

GBP/JPY
.15

Add: 12
Observations

  1. UT continues – NLCT long trade triggered
  2. NLPT short trade should have been placed with yesterday’s NLCT trade, so will do that today

Actions

  1. Move SL for all open long trades to the low of 4/01 bar
  2. Place NLPT short trade based on 4/01 signal bar
  3. Place DPTT long trade

GBP/USD
.35

Add: 7
Observations

  1. DT continues
  2. Higher low = 1DCT

Actions

  1. Move SL for all open short trades to the high of 4/01 bar
  2. Place 1DCT trade
  3. Place DPTT short trade

NZD/USD
.35

Add: 8
Observations

  1. DT continues
  2. Higher low = 1DCT

Actions

  1. Move SL for all open short trades to the high of 4/01 bar
  2. Place 1DCT trade
  3. Place DPTT short trade

USD/CAD
.35

8
Observations

  1. Yellow NL turned down, agreeing with the most recent ST dot (red) = valid NLCT short

Actions

  1. Cancel all pending long orders (I assume this rule is still applicable to NLRT and NLCT?) Yes
  2. Move SL for all open long trades to the low of 4/02 bar.
  3. Place NLCT short trade (This must be triggered before any more short trades can be placed, right Damon?) Yes
  4. Place NLPT long trade on 4/02 bar.

USD/CHF
.35

7
Observations

  1. No long trades should have been placed until now, since the most recent NL change (up) did not agree with the most recent ST dot (red) = no valid NLCT

Actions

  1. No actions.
  2. Change based on new understanding of rules

USD/JPY
.35

Observations

  1. UT continues – NLCT long trade triggered

Actions

  1. Move SL for all open long trades to the low of 4/01 bar
  2. Place DPTT long trade

Please see my corrections above in blue

I am feeling better now that I realize the NLCT trade I was giving you was wrong information. I hope that you are feeling a little more at ease as well.

Thanks again for your time
"Keep your eyes on the helpers" - Mr. Rogers
  • #652
  • Apr 2, 2008 8:34pm Apr 2, 2008 8:34pm
Attached Image
Attached Image


As you can see from the EU charts above...here are my moves for tonight.

  1. Move S/L above the high of the bar that closed 4/1/08 based on our Exit rules
  2. Place a DPTT below the bar that closed on 4/2/08

Here is my updated spreadsheet for 04/03/08:

Attached File(s)
File Type: xls 4-03-08.xls   200 KB | 438 downloads


Happy pippin'
"Keep your eyes on the helpers" - Mr. Rogers
  • #653
  • Apr 2, 2008 8:54pm Apr 2, 2008 8:54pm
First off, I would like to say that I am not subscribed to what I am about to give you. I don't even know if they sell anything, and if they did I make no moaney from it.

I came across this blog that I thouroughly enjoy reading and I wanted to pass it on to you. They seem to have some fantastic short articles about what is going on with Foreign currency. I hope that you all enjoy.

Once again, if they sell something I don't know about nor have I joined there e-mail list. I am just introducing you to their blog which I really like

Here is that link: http://www.thomsonfxhub.com/fxhub/index.jsf

I hope you find it as infomational as I do. The have many updates and the page automatically refreshes. I have it up on my 'puter' all the time.
"Keep your eyes on the helpers" - Mr. Rogers
  • #654
  • Apr 3, 2008 5:32am Apr 3, 2008 5:32am
... I am feeling better now that I realize the NLCT trade I was giving you was wrong information. I hope that you are feeling a little more at ease as well.

Sorry Damon, but I feel a bit lost now ... what are these change in NLCT trade you are speaking about ???

Thank you, Luigi
  • #655
  • Apr 3, 2008 5:45am Apr 3, 2008 5:45am
Quoting autaret
... I am feeling better now that I realize the NLCT trade I was giving you was wrong information. I hope that you are feeling a little more at ease as well.

Sorry Damon, but I feel a bit lost now ... what are these change in NLCT trade you are speaking about ???

Thank you, Luigi
Hey Luigi....I will try to do another post regarding the NLCT. It could be that you are doing it right.

If you want, you can uplaod a chart with what you think is an NLCT explaining why and this way it will be easier for me to help you understand if you are either right or wrong and why.
"Keep your eyes on the helpers" - Mr. Rogers
  • #656
  • Apr 3, 2008 5:57am Apr 3, 2008 5:57am
Quoting damonl
Hey Luigi....I will try to do another post regarding the NLCT. It could be that you are doing it right.

If you want, you can uplaod a chart with what you think is an NLCT explaining why and this way it will be easier for me to help you understand if you are either right or wrong and why.
... my simple question is just if you have changed something about what you wrote at pag. 30 (NLCT) ...
  • #657
  • Apr 3, 2008 7:58am Apr 3, 2008 7:58am
Quoting damonl
Hey Jericho...here is that indicator.

Attachment

Make sure that you change your Otsup settings = 10 for all pairs.
thank you damonl...i'm ready to have fun with you...lt's rock!!
  • #658
  • Apr 3, 2008 9:01am Apr 3, 2008 9:01am
I closed out all open trades right before news release and my balance is up +19%. I kept all the pending orders and will start placing new orders at the beginning of the new day.

TimeFreedom
  • #659
  • Apr 3, 2008 9:58am Apr 3, 2008 9:58am
Quoting TimeFreedom
I closed out all open trades right before news release and my balance is up +19%. I kept all the pending orders and will start placing new orders at the beginning of the new day.

TimeFreedom
Way to go TimeFreedom!
Thanks for the motivation cuz I'm way behind you.
  • #660
  • Apr 3, 2008 11:09am Apr 3, 2008 11:09am
Hey guys..
I need some help as I am still trying to figure out understanding the identification of the trend.

It seems that the dashboard will help a great deal but then i would also need some help deciphering what it is doing. I saw one post which sort of explains but not in great detail.

Would appreciate if anyone could enlighten me with this.


btw, HI Damonl.. it is nice seeing you having your own thread with all this in. This thread is looking really great and coming along very well. Congratulations and thanks for all the work... That goes for the rest who has help contribute in documentation and indicators...

Cheers!!
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