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ATP (Advanced Trading Philosophy): 3+1=WIN

  • #181
  • Edited 7:43pm May 18, 2008 7:40pm | Edited 7:43pm
Here is a Trend Line trade that I have entered on GJ.

As you can see from the chart below. Just below the Blue Arrow I have a T/L drawn. I placed a Sell Limit at that point which was at 204.03 in anticipation that this will then go lower.

For GJ I am using a 100 S/L and leaving the trade open with a T/P at 201.40 and will reevaluate the situation after tomorrow. This trade has triggered so we will see what happens.

My lot size is very small as I am just starting out with TL's

Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 142 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 136 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #182
  • May 18, 2008 8:21pm May 18, 2008 8:21pm
Damonl, I mean AC i.e. Accelerator Oscillator. This can be traded with x2 or x3 of the normal lot size we used to trade an half the average movement i.e. according to the normal system if we are trading 0.01 then we can trade 0.02 or 0.03 and then for GJ and GCH that are volatile then we can target just 50 pips eventhough we will have up to 100 pips movement. This is just to ensure we will be closing in profit.


Quoting damonl
Hey Wales...do you mean the AC and not the AO, because waiting for the AO to cross looks like not a good idea.....
Trading Just Got Easier...
  • #183
  • May 18, 2008 8:51pm May 18, 2008 8:51pm
Quoting walesoje1
Damonl, I mean AC i.e. Accelerator Oscillator. This can be traded with x2 or x3 of the normal lot size we used to trade an half the average movement i.e. according to the normal system if we are trading 0.01 then we can trade 0.02 or 0.03 and then for GJ and GCH that are volatile then we can target just 50 pips eventhough we will have up to 100 pips movement. This is just to ensure we will be closing in profit.
Hey Wales.....I'll tell you what. You watch the trade and when it happens you post if here and I will trade it with you.
"Keep your eyes on the helpers" - Mr. Rogers
  • #184
  • May 18, 2008 8:56pm May 18, 2008 8:56pm
UJ D1....

Based on the TL's, I have place both a long and a short pending Limit Order.

Short Limit @ 104.80 50 S/L 103.75 T/P

Buy Limit @ 103.50 50 S/L and 104.80 T/P

Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 140 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #185
  • May 18, 2008 9:01pm May 18, 2008 9:01pm
GU D1

I am placing a Sell Limit order at 1.9670 with a 75 S/L and T/P at 1.9375

Attached Image
"Keep your eyes on the helpers" - Mr. Rogers
  • #186
  • May 18, 2008 9:10pm May 18, 2008 9:10pm
NU D1

I am placing a Sell Limit order at .7835 50 S/L and T/P @ 96.50

Attached Image
"Keep your eyes on the helpers" - Mr. Rogers
  • #187
  • May 18, 2008 9:17pm May 18, 2008 9:17pm
UCHF D1

I am placing a Buy Limit order at 1.0450 50 S/L and T/P at 1.0560

This trade is just barely in reach as I like to at least have a target of 2x my S/L.

Attached Image
"Keep your eyes on the helpers" - Mr. Rogers
  • #188
  • May 18, 2008 9:22pm May 18, 2008 9:22pm
UCAD D1

I am plcing a Buy Limit order at .9960 with a 50 S/L and T/P at 1.0065

Attached Image
"Keep your eyes on the helpers" - Mr. Rogers
  • #189
  • May 19, 2008 2:32am May 19, 2008 2:32am
Hi Damonl,
In regards to the BES spreadsheet that you mention earlier. Is it the same one that you have to purchase for like 99USD for their system?
  • #190
  • May 19, 2008 4:55am May 19, 2008 4:55am
Quoting gyfu
Hi Damonl,
In regards to the BES spreadsheet that you mention earlier. Is it the same one that you have to purchase for like 99USD for their system?
Yes gyfu, it is the one you get when you purchase there system.
"Keep your eyes on the helpers" - Mr. Rogers
  • #191
  • May 19, 2008 11:30am May 19, 2008 11:30am
Quoting damonl
Yes gyfu, it is the one you get when you purchase there system.
Does that mean it is required to buy this, if I wanted to follow your method?

Thanks for your kind reply

Forex37
  • #192
  • May 19, 2008 4:48pm May 19, 2008 4:48pm
Quoting Forex37
Does that mean it is required to buy this, if I wanted to follow your method?

Thanks for your kind reply

Forex37
The question I keep asking myself is because I bought it does that mean I have a right to give it away to everyone who wants one. Honestly I don't think that I can.

Personally I would not buy anything yet. See the results first and then decide what you are going to do. Don't waste money now. I will post my results for BST-D1 daily. Whether you buy it or not, I make no money from it and I am using it to trade.

Incidentally, you don't need to buy anything to trade ATP 3+1=WIN and to follow my Trend Line calls.
"Keep your eyes on the helpers" - Mr. Rogers
  • #193
  • May 19, 2008 6:45pm May 19, 2008 6:45pm
Hello....

It appears that my trading platform provider has got yesterday's glitch worked out and I now see Friday's bar which means that my indicators are back in order.

We had a close call with our S/L setting for GU on our ATP 3+1 trade (missed by 10 pips), which means that things are looking good for more downward movement.

Tominght I will be able to place my 1st BSD-1 trades using the BES MM strategy and also will add keeping track of my TL trades in terms of pips won and loss so I know how I can better improve my trading.

I will be back shortly with more info.
"Keep your eyes on the helpers" - Mr. Rogers
  • #194
  • May 20, 2008 4:34pm May 20, 2008 4:34pm
Ok, this is great damonl, thank you for posting examples. Now I am going to run through the system once more, I think you have finalized your rules, and now I am going to make sure I now how everything works.

How has the system been working over the past few days for you anyhow?

I wish goodluck, I like systems like these because they are put in higher timeframe, I dont like to trade in lower TFs, but this is something I'll put a lot of time into.

Thank You
TheLegace.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #195
  • May 21, 2008 7:57am May 21, 2008 7:57am
@ Damon;

I don't understand "Open a trade in the opposite direction" concept. If we are opening two trades, one buy and one sell on the same bar then why do we need MACD 3,5,5 for signals?

TimeFreedom

Quoting damonl

Special Rules:

  1. Don't open two trades in the same direction. Wait for one to hit a target and then enter the next day. Open a trade in the opposite direction, but you may have to adjust your Binary Equation Spreadsheet accordingly depending on which one hits a target 1st.

  • #196
  • May 21, 2008 10:23pm May 21, 2008 10:23pm
Quoting TimeFreedom
@ Damon;

I don't understand "Open a trade in the opposite direction" concept. If we are opening two trades, one buy and one sell on the same bar then why do we need MACD 3,5,5 for signals?

TimeFreedom[/list]
Hey TF...

That rule was not for opening signals on the same bar...it was for open up a second signal on the next day if the previous day's signal is still open.

We don't really close trades at the end of the day. Just not to have two trades open in the same direction at the same time, but should open up a trade in the opposite direction is you get the signal while an existing trade is still open.

"Keep your eyes on the helpers" - Mr. Rogers
  • #197
  • May 21, 2008 10:32pm May 21, 2008 10:32pm
Hello boys and girls....

I have been behind the scenes that last few days just getting things together. I have been trying to learn trend lines, but there was still a piece of the equation that was missing...determining the trend....the long term trend and only trading with the trend.

I am so excited that I will be sharing with you what I learned. For those of you who liked the concept of ATP, this will be som much better and easier to manage and you will not need to spend many months not trading while waiting for a trade to develope.

Are you ready.......there are still some details to work out, as I have not yet really figured out S/L. I just have kind of a rough idea as to what that should be.

But first....I will update you on the BST-D1 trades
"Keep your eyes on the helpers" - Mr. Rogers
  • #198
  • May 21, 2008 10:39pm May 21, 2008 10:39pm
BST-D1

I will keep track of these trades daily on a monthly basis. Meaning that every month I will refresh. Keep in mind that everytime I have 2 or more wins in a row I have made a profit and recovered any previous losses that I had for that pair. Also remember that a trade will not trigger for each pair every day.

AUD/USD:

EUR/USD: W/

NZD/USD:

USD/CHF:

USD/JPY:

USD/CAD: L/W/

GBP/USD:

EUR/JPY: L/

EUR/CAD:

GBP/JPY: L/

GBP/CHF: W/
"Keep your eyes on the helpers" - Mr. Rogers
  • #199
  • May 22, 2008 5:04am May 22, 2008 5:04am
Hi Damon

Looking forward to the info, thanks. I have the BES that you are using but haven't had a lot of time to sit down and figure it out.Hopefully I can find time this weekend. I want to stay current. Thats been a problem for me when trying to follow systems here on FF. Time is scarce but I'm trying to keep up. Thanks again.

Dave
Is it Break Time yet?
  • #200
  • May 22, 2008 4:01pm May 22, 2008 4:01pm
Hello everyone....

I wanted to tell you all about a project that I am very happy about. I am currently even thinking that we can make the long term trading easier than it is with ATP and better.

Therefore, what I am doing is determining the direction of the previous Monthly bar action and then trading the Dailies in the direction of that Monthly Bar action. Basically I am assuming that we will have two Monthly bars in the same direction in a row. I still have some more details to work out, but am very excited about where this is going.

I hope to have more for you shortly, maybe even a few concepts tonight.

Here is where we stand with BST-D1:

BST-D1

I will keep track of these trades daily on a monthly basis. Meaning that every month I will refresh. Keep in mind that everytime I have 2 or more wins in a row I have made a profit and recovered any previous losses that I had for that pair. Also remember that a trade will not trigger for each pair every day.

AUD/USD: O

EUR/USD: W/L

NZD/USD:

USD/CHF: L

USD/JPY: W/L

USD/CAD: L/W/

GBP/USD: W

EUR/JPY: L/W

EUR/CAD:

GBP/JPY: L/

GBP/CHF: W/
"Keep your eyes on the helpers" - Mr. Rogers
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