ATP (Advanced Trading Philosophy) - The Evolution to Greatness

Quoting walesoje1

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Good work, my trades were perfect except for those that you are not trading at all.

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Quoting damonl

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Hello everyone.....

I have modified a few of the rules and am liking this more and more. Although we will not profit from many counter trends, we shoud make thousands of pips with the trends.

For tonight I will just give my trades.

AUD/USD - Buy @ .9448
EUR/USD - Buy @ 1.5950
GBP/USD - No trades the rest of the week. Will re-evaluate on Sunday night
USD/CAD - No trades the rest of the week. Will re-evaluate on Sunday Night
USD/CHF - No Trades the rest of the week. Will re-evaluate on Sunday Night
USD/JPY - Buy @ 104.67
USD/JPY - Buy @ 104.09
GBP/JPY - Buy @ 209.09
GBP/JPY - Buy @ 208.18
GBP/CHF - No trades the rest of the week
EUR/GBP - No trades the rest of the week
NZD/USD - No trades the rest of the week
EUR/JPY - Buy @ 164.88
EUR/CHF - Buy @ 1.6166
EUR/CHF - Buy @ 1.6126
EUR/AUD - No Trades the rest of the week
EUR/CAD - No trades the rest of the week

Once again, these are based on some slightly modified rules that I think you will like. I will try to get into them tomorrow night.

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Quoting gyfu

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Hi Damon,
Based on your trades you posted today for the 22 Apr. Should I leave the GU and EJ current positions open?

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Quoting dr_who

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Spot on I'd say. You are a magician

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Quoting Bull

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Hi Damon, good morning,

Can I show you some charts intro the tradingroom (I think that is a faster way), looking to understand how do you set up your trades.

TK in advance

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Quoting damonl

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I am starting to use W1, SWI and NL as the filter.

On the weekly chart, if SWI is green (no levels) and NL yellow is pointing up, then you would go to the daily chart and just start placing a new order every day once SWI turns red and hold position until the SWI on D1 turns green. repeat as many times a necessary.

Just the opposite....you would go short if on W1, the SWI and NL are both red.

If SWI on W1 is green, but NL is pointing down, no trade for that week

If SWI on W1 is red, but NL is pointing uo, no trade for that week.

I know we will miss a few trades, but the ones we are in we should be able to use higher lot sizes. I even think that 1 lot trades for a 10K account would be about right for this method.

Simple, Easy, Fun and profitable

See you all tonight.

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Quoting walesoje1

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I would like to introduce DNLTT6PS which is Daily Non-Lag Trend Trade with 6 Pips Scalp daily.

As the name implies, it is to be traded daily on when there is NLTT confirmation.

Setup your pending order as usual and then set a TP 6 pips away from entry point. Note that since we are trading in the normal market direction then you can be rest assured your TP will be hit and the trade won't go against you.

You should apply MM too. Use the NLTT lots on your Spreadsheet to calculate how many lots you are to buy and most importantly trade Orange and Green Risk Levels only. I wouldf advise you trade only Green if your account size is relatively small i.e. less than $2,500. This is to allow you stay in the market for a long time.

Damonl, this is just a suggestion pending approval. You will have to approve it because everything we do here is all about you...

I have updated the Spreadsheet too. If you care for it just let me know.

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Quoting walesoje1

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Damonl,

Your suggestion about trading the weekly chart is extremely ok but it can leave us out of the market for weeks like you said and that is not good enogh especially for the beginners who are still looking at increasing their account size before starting to make profit. They might need to trade for a very long time to achieve this.

We talked about plans on doubling account sizes yesterday but it seems too many people are not there. I have a plan which I told Damonl about yesterday and he told me he was even working on more.

Working on more green pips and doubling account sizes i.e. on a weekly basis, we want to double our account sizes. For instance if your account is $10,000 at the beginning of the week then we are looking at closing on Friday with $20,000. Isn't that really good?

Anyway, it's something simple. If you can trade each of the 14 currency pairs we are trading for 75 pips daily then you have the answer to that.

Also for your MM, you should divide your account capital by 40,000 whatever is your answer should be the lot size to use for your order. If we are trading according to normal money management rules for this thread then you will have to trade for just 19 pips for yellow signal and for the orange just 10 pips and for the green just 6 pips would do. This might sound strange to you but from where I come from, we would say... strange but true.

As for the exit we were talking about yesterday Damonl, I think it is just a normal thing on GBPUSD. If we have actually entered from the beginning of the trend then we will still be in profit. The trend is still continuing in an uptrend. I would suggest you use Williams Percent Range for your exits. The default with period 14 would be ok with -20 and -80 levels. If the price crosses below -20 then exit your long trade but ensure the NL has turned yellow. If the line crosses above the -80 then exit short trades. It is as simple as that. You can all back test and let me have your results.

I have other 2 exit patterns but let me know if everyone is satisfied with this or not.

Damonl, let us keep the normal NLTT trading with EUGT and DNLTT since we have a good exit pattern now. I am even thinking of introducing simple scalps on the dailies all in quest to meet up with account doubling plan.

I will be introducing you to some indicators shortly.

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