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Trading the SLA/AMT Intraday


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Trading the SLA/AMT Intraday

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  #11 (permalink)
Wrocław, Poland
 
Experience: Intermediate
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DbPhoenix View Post
In a mean-reverting instrument, price will gravitate toward the median of the channel that is created by traders as they move away from that median, i.e., the "value area", the level or zone where the bulk of trades take place within a narrow range of prices.

How do you qualify instrument as mean-reverting? Do you rely on common knowledge, statistics, your discretionary assessment?

Keep up the good work!


 
 
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  #12 (permalink)
Phoenix AZ
 
 
Posts: 470 since Dec 2012

About the SLA/AMT.

I didn't realize that I could upload it here (the max at ET is 2megs).

So, here it is:



I'm also uploading the sections in Wyckoff's course on "The Law of Supply and Demand" and "Judging the Market By Its Own Action" as these are critical to understanding and implementing the SLA/AMT.

And, finally, I'm uploading Section 7 of Wyckoff's course in which he analyzes a year in the life of the stock market, almost day by day, for those who get hooked on this PA stuff and would like additional practice with the guy who pretty much invented the approach.

Attached Thumbnails
Trading the SLA/AMT Intraday-sla-amtf.pdf   Trading the SLA/AMT Intraday-law-supply-demand.pdf   Trading the SLA/AMT Intraday-judging-mkt-its-own-action.pdf   Trading the SLA/AMT Intraday-wyckoff-analysis-1930-31.pdf  
 
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  #13 (permalink)
Phoenix AZ
 
 
Posts: 470 since Dec 2012



gregid View Post
How do you qualify instrument as mean-reverting? Do you rely on common knowledge, statistics, your discretionary assessment?

Keep up the good work!

We cross-posted, and I just uploaded the SLA/AMT pdf.

In a nutshell, the prices in a mean-reverting instrument cluster around a mean (actually, a median, but "mean-reverting" has become the common usage, so . . .), all of this having to do with the auction market and how demand and supply interact to reach "equilibrium", or a generally agreed-upon price. I'll post the weekly trend chart from two weeks ago as an illustration.




If you read the pdf, particularly Appendix E, that should explain the basics.

 
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  #14 (permalink)
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Hi, DbPhoenix.

It's nice to be able to read you here. Your work is a source of inspiration, at least for me!

Nicolas

Visit my futures io Trade Journal
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  #15 (permalink)
Phoenix AZ
 
 
Posts: 470 since Dec 2012


Nicolas11 View Post
Hi, DbPhoenix.

It's nice to be able to read you here. Your work is a source of inspiration, at least for me!

Nicolas

Well that's good to know. The going is rough for PA traders on other sites.

 
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  #16 (permalink)
near Paris, France
 
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There is lot of effort here on futures.io (formerly BMT) to keep a constructive and positive environment.

Visit my futures io Trade Journal
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  #17 (permalink)
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DbPhoenix View Post
Well that's good to know. The going is rough for PA traders on other sites.

@DbPhoenix - it might be worth switching over to futures.io (formerly BMT) for a while to avoid the trolls... I read the thread before Magna cleared things up. It was deplorable.

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  #18 (permalink)
Phoenix AZ
 
 
Posts: 470 since Dec 2012

I wouldn't be posting there at all if it weren't for that stupid thread. But even though the "professionals" don't understand it (which says plenty right there), people do benefit from it; they're just afraid to post anything about it, which is unfathomable. I do understand that these interminable dogfights lead to page views and clicks, but, if that's the primary goal, why moderate at all?

Oh, well At least the SLA is done, and it will be around far longer than I will.

 
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  #19 (permalink)
Phoenix AZ
 
 
Posts: 470 since Dec 2012

I realize that most of those who view these posts are doing so out of curiosity, but I may as well follow the above trade until it's done.

Note how price tests and bounces off the median of the range formed after the market re-opened.


 
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  #20 (permalink)
Naperville IL
 
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today's pre market range is 4360-4377


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