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ATP (Advanced Trading Philosophy) - Positioning For Success

  • #701
  • Apr 6, 2008 8:42pm Apr 6, 2008 8:42pm
Attached Image
Attached Image


As you can see from the above charts, we have a NL closing in yellow long with no corresponding green ST dot.

At this time we would close all our short trades except our TAMB short trades if any would be open.

We would place a NLPT beneath the bar that closed on 04/04/08.

I will also place what I call my Non-Lag Flag Trade (NLFT) long based on the NL closing in yellow long with no corresponding green ST dot. This is a one or two day close in profit type of trade. We will not be taking any more long trades until the NLPT long is triggered that was placed based on the bar that closed 3/31/08.

That is all that I have today. Enjoy

Here is my updated spreadsheet for 4/7/08:
Attached File(s)
File Type: xls 4-07-08.xls   170 KB | 291 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #702
  • Apr 6, 2008 8:46pm Apr 6, 2008 8:46pm
USDCHF:

A little confused with USDCHF. Sunday's candle/bar gave us a yellow NL pointing down, therefore we would place a long NLPT above Friday's high and a short NLCT below Friday's low? And also place two short TAMB orders below 04.01.08 and 03.31.08?

USDJPY:

I think we have a NLRT here?

TimeFreedom
Attached Image (click to enlarge)
Click to Enlarge Name: atp_usdchf_04-06-08_jing_01.png Size: 34 KB
  • #703
  • Apr 6, 2008 8:52pm Apr 6, 2008 8:52pm
After going thorugh my trades tonight with the new MM strategy that I am testing, I decided that my cut-offs were too steep so I lowered them. They now go like this.

Under 150
150-250
250-350
350-450
Above 450

Attached is the updated master spreadsheet that has these changes.

Updated Master Spreadsheet:
Attached File(s)
File Type: xls ATP-master.xls   179 KB | 296 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #704
  • Apr 6, 2008 8:57pm Apr 6, 2008 8:57pm
Quoting TimeFreedom
USDCHF:

A little confused with USDCHF. Sunday's candle/bar gave us a yellow NL pointing down, therefore we would place a long NLPT above Friday's high and a short NLCT below Friday's low? And also place two short TAMB orders below 04.01.08 and 03.31.08? Yes....I forgot about the TAMB trades here. Thanks for reminding me

USDJPY:

I think we have a NLRT here? Indeed we do

TimeFreedom
Nice heads up on these two pairs today
"Keep your eyes on the helpers" - Mr. Rogers
  • #705
  • Apr 6, 2008 10:39pm Apr 6, 2008 10:39pm
Regarding tonights EU Analysis....

I reset my AODT trade short. This is much too powerful of an indication of market direction that I could not help but reset it. I will not reset it if current price is too close to the reset point, but today with EU it is plenty far enough away to justify it.

See you all tomorrow
"Keep your eyes on the helpers" - Mr. Rogers
  • #706
  • Apr 7, 2008 1:15am Apr 7, 2008 1:15am
Hello Damon (and Tony)

I think I understand now what is a correct NLCT and what is not ... but for me is not clear anymore how to behave about positioning new orders and taking off old ones ... please if possible give again the rules for both the situation: valid NLCT not valid NLCT. Thank you dear friends
ciao Luigi
  • #707
  • Apr 7, 2008 1:53am Apr 7, 2008 1:53am
Quoting TimeFreedom
USDCHF:

A little confused with USDCHF. Sunday's candle/bar gave us a yellow NL pointing down, therefore we would place a long NLPT above Friday's high and a short NLCT below Friday's low? And also place two short TAMB orders below 04.01.08 and 03.31.08?

USDJPY:

I think we have a NLRT here?

TimeFreedom
Forgive me if I'm wrong here, but from my understanding, TAMB trades are only placed when we get an NLRT signal. What we have here is an NLCT, therefore no TAMB's. At least that's what I remember from Damon's original post on the revised TAMB rules.

But I do agree that it makes more sense to also place TAMB trades for NLRT AND NLCT signals. But if it's just a yellow NL that does not agree with the most recent ST dot, then it would be too risky to pile on the TAMB trades when we still don't have a confirmed trend reversal.

Also, regarding USD/JPY, I see Sunday bar showing yellow NL pointing down. But the most recent ST dot is green. Therefore, this should not be neither an NLRT nor NLCT. The only trade that could be placed here would be a long NLPT trade, which would have been triggered today. Am I misunderstanding this?

Tony
  • #708
  • Apr 7, 2008 2:17am Apr 7, 2008 2:17am
Damonl, the stochastic touches or crosses is the exit rule I have been using for over 2 years now and it has proven to be very good.

I suggest the use of it with ST because there are cases when the NL will be yellow and the stochastic would have crossed or touched but the trend would still continue in it's normal way. If you have exited then you might be losing too much money except you cnsider re-entry. Check the trades between the red lines on the GBPCHF below for what I am explaining. That is why a ST confirmation is suggested. It is perfect with ST.

I am not changing Damonl exit rules but I think this is very perfect because of my use of Stochastic (5,3,3) in the past. They don't just touch or cross anyhow except something is about to happen.

Does anyone also understand what was going on with GBPJPY and EURJPY? I shorted last night and it's against me. Although I know very much that Sunday is not a good day to trade.

I would also like to add that you should not open new trades on Sunday at Market start. Monday is a good day to start and when it's 5PM EST on Friday the market gets staggering too but what I have discovered is that thia is a very good trading system.

Also, I don't seem to understand what the problem is with my DamonsmSilverTrend_v2 indicator. It doesn't show the new dots from when I upload and almost always I have to refresh it. Let me know what the problem is with the indicator. Although I have loaded alongside with it, SHI SilverTrend. I will check that out but as for the Damon smSilverTrend, let me know whatsup with it cos it's better than SHI SilverTrend because of the automatic Otstup settings.

Thank You all for your contribution and the moderator... more powers to your elbow.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 56 KB
Trading Just Got Easier...
  • #709
  • Apr 7, 2008 3:52am Apr 7, 2008 3:52am
TM,

Here is my USDJPY chart using the recent revised setting of Otstup = 10. I think you are right regarding USDCHF and not placing TAMB trades since it is only a NLCT and we don't have a confirmed trend reverse, which we get with NLRT.

TimeFredoom

Quoting tman378
Forgive me if I'm wrong here, but from my understanding, TAMB trades are only placed when we get an NLRT signal. What we have here is an NLCT, therefore no TAMB's. At least that's what I remember from Damon's original post on the revised TAMB rules.

But I do agree that it makes more sense to also place TAMB trades for NLRT AND NLCT signals. But if it's just a yellow NL that does not agree with the most recent ST dot, then it would be too risky to pile on the TAMB trades when we still don't have a confirmed trend reversal.

Also, regarding USD/JPY, I see Sunday bar showing yellow NL pointing down. But the most recent ST dot is green. Therefore, this should not be neither an NLRT nor NLCT. The only trade that could be placed here would be a long NLPT trade, which would have been triggered today. Am I misunderstanding this?

Tony
Attached Image (click to enlarge)
Click to Enlarge Name: atp_usdjpy_04-07-08_jing_01.png Size: 37 KB
  • #710
  • Edited 10:19am Apr 7, 2008 10:07am | Edited 10:19am
Hi Damon,

You mentioned to cancel all short trades following a Non-Lag turning yellow and long without an ST dot, did you mean cancel all pending short trades, wouldn't executed trades be left to our exit rules i.e '2BBE' ?

Can you kindly clarify this for us.

Thanks.
  • #711
  • Apr 7, 2008 10:29am Apr 7, 2008 10:29am
Quoting walesoje1
Damonl, the stochastic touches or crosses is the exit rule I have been using for over 2 years now and it has proven to be very good.

I suggest the use of it with ST because there are cases when the NL will be yellow and the stochastic would have crossed or touched but the trend would still continue in it's normal way. If you have exited then you might be losing too much money except you cnsider re-entry. Check the trades between the red lines on the GBPCHF below for what I am explaining. That is why a ST confirmation is suggested. It is perfect with ST.

I am not changing Damonl exit rules but I think this is very perfect because of my use of Stochastic (5,3,3) in the past. They don't just touch or cross anyhow except something is about to happen.

Does anyone also understand what was going on with GBPJPY and EURJPY? I shorted last night and it's against me. Although I know very much that Sunday is not a good day to trade.

I would also like to add that you should not open new trades on Sunday at Market start. Monday is a good day to start and when it's 5PM EST on Friday the market gets staggering too but what I have discovered is that thia is a very good trading system.

Also, I don't seem to understand what the problem is with my DamonsmSilverTrend_v2 indicator. It doesn't show the new dots from when I upload and almost always I have to refresh it. Let me know what the problem is with the indicator. Although I have loaded alongside with it, SHI SilverTrend. I will check that out but as for the Damon smSilverTrend, let me know whatsup with it cos it's better than SHI SilverTrend because of the automatic Otstup settings.

Thank You all for your contribution and the moderator... more powers to your elbow.
Hi walesoje1,

I think that you are correct that we should use the stochastic in combination with the ST dot because of the number of crosses that can occur on the stochastic, but how would we handle the repainting of the ST dot when trying to match stochastic crosses and ST Dot appearances.

Also Damon recently stated that he has defaulted his OTSetup to 10 for all the pairs.

Thanks for your help.
  • #712
  • Apr 7, 2008 11:50am Apr 7, 2008 11:50am
I read about SilverTrend and I am not very pleased with it myself. I checked on lower TF and it is re-painting and as such give fake-outs or should I say you would have to wait for close of 2 candlesticks after the ST dot to know if it is the real dot or the trend is the continuing. It's not all about Otstup setup.

Let me know what you all think about this.

Thank You.
Trading Just Got Easier...
  • #713
  • Edited 2:56pm Apr 7, 2008 12:39pm | Edited 2:56pm
The problem with using a stochastic for exits is the fake crosses that occur. This is the age old problem of using a single indicator to provide signals. The problem with using the stochastic with the ST is the re-painting of the ST( especially if lower time frames are being traded).

Stochastic is more effective when analyzing multiple time frames or used in combination with another indicator. One such indicator that looks promising after a very brief look at a chart is the CCI (34), with '+-100' and '+-200' levels marked on it. The stochastic crosses have more value when used in conjunction with CCI crosses above below '0'. Or when CCI rises above or below or even touches '+-100', '+-200' then pulls back. Also when the CCI falls below 100 from above then crosses it again and vice versa for -100.

Ill try to post a chart of what i have seen.
  • #714
  • Apr 7, 2008 5:06pm Apr 7, 2008 5:06pm
Quoting tman378
Forgive me if I'm wrong here, but from my understanding, TAMB trades are only placed when we get an NLRT signal. What we have here is an NLCT, therefore no TAMB's. At least that's what I remember from Damon's original post on the revised TAMB rules.

But I do agree that it makes more sense to also place TAMB trades for NLRT AND NLCT signals. But if it's just a yellow NL that does not agree with the most recent ST dot, then it would be too risky to pile on the TAMB trades when we still don't have a confirmed trend reversal.

Also, regarding USD/JPY, I see Sunday bar showing yellow NL pointing down. But the most recent ST dot is green. Therefore, this should not be neither an NLRT nor NLCT. The only trade that could be placed here would be a long NLPT trade, which would have been triggered today. Am I misunderstanding this?

Tony
It i salways a toss up with placing TAMB trades after a NLCT signal. Most times you will find that when you get a NLCT signal it will already be past where any TAMB trades would be placed. Once again....If you are not in the market, how can you increase your wealth?

However, after going back I do believe that I did purposely leave out the TAMB trades for all NLCT signals, but...many times they would be big winners.

None the less....accoring to the posted rules you would not place any TAMB trades with a NLCT signal.

The other thing to remember is that we are in a ranging market at the moment which means that we shouldn't be going gang busters with opening trades. We also need to use a little common sense and gut feeling as we proceed with ATP.
"Keep your eyes on the helpers" - Mr. Rogers
  • #715
  • Apr 7, 2008 5:13pm Apr 7, 2008 5:13pm
Quoting walesoje1
Damonl, the stochastic touches or crosses is the exit rule I have been using for over 2 years now and it has proven to be very good.

I suggest the use of it with ST because there are cases when the NL will be yellow and the stochastic would have crossed or touched but the trend would still continue in it's normal way. If you have exited then you might be losing too much money except you cnsider re-entry. Check the trades between the red lines on the GBPCHF below for what I am explaining. That is why a ST confirmation is suggested. It is perfect with ST.

I am not changing Damonl exit rules but I think this is very perfect because of my use of Stochastic (5,3,3) in the past. They don't just touch or cross anyhow except something is about to happen.

Does anyone also understand what was going on with GBPJPY and EURJPY? I shorted last night and it's against me. Although I know very much that Sunday is not a good day to trade.

I would also like to add that you should not open new trades on Sunday at Market start. Monday is a good day to start and when it's 5PM EST on Friday the market gets staggering too but what I have discovered is that thia is a very good trading system.

Also, I don't seem to understand what the problem is with my DamonsmSilverTrend_v2 indicator. It doesn't show the new dots from when I upload and almost always I have to refresh it. Let me know what the problem is with the indicator. Although I have loaded alongside with it, SHI SilverTrend. I will check that out but as for the Damon smSilverTrend, let me know whatsup with it cos it's better than SHI SilverTrend because of the automatic Otstup settings.

Thank You all for your contribution and the moderator... more powers to your elbow.
I agree with you wlj....but I think my reasonoing behind not using the ST dot as well as the stochastics is that for the most part the stoch exit saves us pips and most times when we exited using the stochs, the next bar would have gotten us out using the 2BBE with less pips to the positive.

I no longer mind getting out early and hope that this method can find ways to improve everyday, but for now I will keep testing the way I have stated earlier.

Once again, thanks for your suggesstion and any other good ones I will certainly take a look at.

As for the indicator, i have no idea about any of that stuff....all I know is that it works fine for me. Myabe find Swing Man and see if he can help you with it.
"Keep your eyes on the helpers" - Mr. Rogers
  • #716
  • Apr 7, 2008 5:16pm Apr 7, 2008 5:16pm
Quoting TimeFreedom
TM,

Here is my USDJPY chart using the recent revised setting of Otstup = 10. I think you are right regarding USDCHF and not placing TAMB trades since it is only a NLCT and we don't have a confirmed trend reverse, which we get with NLRT.

TimeFredoom
Correct, our NLPT would have triggered today and so we are free to go long placing orders as usual. However...I am not really seeing a whole lot of JPY weakness yet and am still expecting the UJ to go lowerer.

Regardless I trade the system...just keep your stops in place, becasue I have been wrong before
"Keep your eyes on the helpers" - Mr. Rogers
  • #717
  • Apr 7, 2008 5:18pm Apr 7, 2008 5:18pm
IMO too much emphasis is being put on ST repainting. It doesn't really matter in my opinion since indicators are only that, indicators. I think some of us are really confused with what repainting really means. ST is based on price closing above the high and below the low of a channel. If price continues up, strong trend, price continues to close above the high of the channel and we get new short signals. The repainting issue is not a big deal since we have NL which will pick-up on a trend change and allows us to place trades in the right direction. Another great feature of ATP is we are trading multiple pairs which help to hedge bad trades.

TimeFreedom
Attached Image (click to enlarge)
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  • #718
  • Apr 7, 2008 5:18pm Apr 7, 2008 5:18pm
Quoting mikka
Hi Damon,

You mentioned to cancel all short trades following a Non-Lag turning yellow and long without an ST dot, did you mean cancel all pending short trades, wouldn't executed trades be left to our exit rules i.e '2BBE' ?

Can you kindly clarify this for us.

Thanks.
You are correct....cancel all pending short trades and insert a NLPT short.
"Keep your eyes on the helpers" - Mr. Rogers
  • #719
  • Apr 7, 2008 5:20pm Apr 7, 2008 5:20pm
Quoting walesoje1
I read about SilverTrend and I am not very pleased with it myself. I checked on lower TF and it is re-painting and as such give fake-outs or should I say you would have to wait for close of 2 candlesticks after the ST dot to know if it is the real dot or the trend is the continuing. It's not all about Otstup setup.

Let me know what you all think about this.

Thank You.
I second what TF wrote below...actually above
"Keep your eyes on the helpers" - Mr. Rogers
  • #720
  • Apr 7, 2008 5:25pm Apr 7, 2008 5:25pm
Quoting mikka
The problem with using a stochastic for exits is the fake crosses that occur. This is the age old problem of using a single indicator to provide signals. The problem with using the stochastic with the ST is the re-painting of the ST( especially if lower time frames are being traded).

Stochastic is more effective when analyzing multiple time frames or used in combination with another indicator. One such indicator that looks promising after a very brief look at a chart is the CCI (34), with '+-100' and '+-200' levels marked on it. The stochastic crosses have more value when used in conjunction with CCI crosses above below '0'. Or when CCI rises above or below or even touches '+-100', '+-200' then pulls back. Also when the CCI falls below 100 from above then crosses it again and vice versa for -100.

Ill try to post a chart of what i have seen.
No offense Mikka ( and please keep contributing ), but also adding the CCI with all these levels wil over complicate things to a level that I would not be interested in trading.

We need to keep things simple and learn how to better utilize the tools that we are currently using. All the answers currently are located in what we are doing, we just have to see it
"Keep your eyes on the helpers" - Mr. Rogers
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