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Trading the SLA/AMT Intraday
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Trading the SLA/AMT Intraday

  #111 (permalink)
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DbPhoenix View Post
Actually it's easy to see in real time as well, but you have to be there.

If one is going to daytrade this, particularly if he wants to trade only the first 90m, he really needs to be there at least by 0800.

I agree, I watched the hinge trade and at the time I thought the continuation, if it could be called that, was sloppy and hesitant. OTOH the move off the extreme was exactly what I would expect to see from a move off an extreme, and the BO was very straight forward, but, I had no skin in the game, would it have been as straight forward as it was if I had a trade on, I think so but who knows.

Gozilla.

 
  #112 (permalink)
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Gozilla View Post
I agree, I watched the hinge trade and at the time I thought the continuation, if it could be called that, was sloppy and hesitant. OTOH the move off the extreme was exactly what I would expect to see from a move off an extreme, and the BO was very straight forward, but, I had no skin in the game, would it have been as straight forward as it was if I had a trade on, I think so but who knows.

Gozilla.

You'll soon find out

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  #113 (permalink)
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Could get interesting.


From an intraday perspective the stride of the rally is slowing up somewhat, but, the trend is still intact and price is making progress towards points of interest (AMT) which are highlighted on the hourly. And just above the nearest hourly limit is the daily DT which could become a triple top depending on what price does when it gets there.

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Last edited by Gozilla; June 18th, 2015 at 11:52 AM.
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  #114 (permalink)
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lajx View Post
Hi Db, thanks for do this kind of exercise I really appreciate and is very helpful.

I wanted to share how I trade today.

This is pretty okay, but you're still hovering too much. Once your entry is clear, your focus should be on management, not on looking for traps set by market demons. It takes a while to trust AMT, but think. We spent all day yesterday ranging. If you understand the purpose of balancing and equilibrium and ranging, there's simply no reason for price to break out then fall back. To do so would mean that yesterday was a complete waste of time. This is not to say that it can't, but don't assume that it will. Your entry is safe. Forget about it. Focus on price. Their hesitancy is understandable. It doesn't spell doom.

How do you like the 5s chart?

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  #115 (permalink)
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EOD.

Price action gave it a good try, but was unable to reach the upper limits discussed earlier in the thread, perhaps it will get there overnight or tomorrow or it could signal weakness, only time will tell.

My most recent studies have focused on how much price can break stride yet continue in the prevailing direction, and seeing as we have had a trending day I thought it would be interesting to see how the stats could have come in handy.

Though the sample size is small (58 deviations) 3.80 was the average number, beyond that price was more likely to reverse, I'm not a statistician and my spreadsheet skills are weak (something I am working on, lajax set the bar high on that ) 3.8 wont really go into .25 increments so it would be rounded up to 4.

After the first retrace after the BO I switched to a 5 minute chart as it can be easy to over think things when it looks like a lot is going on but, once a break occurred it was worth zooming in for a more precise picture of the trend break continuation, or reversal.

Four points on a TBC holds up reasonably well, the 5.75 break is a little iffy as I bypass the initial low after the break but, the 5 minute bar closed within the DL, made sense to me but, probably clear as mud.

Swing points were also worth noting, how much can price break a swing point yet continue to trend?

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  #116 (permalink)
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I posted something to lajax' journal about this, and there's no need to repeat it here. But you two are on the same path and ought to read each other, even though you may not actually work together.

If either of you have questions on this, ask them here. Being able to discuss this stuff without the continuous fighting is a pleasure.

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  #117 (permalink)
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DbPhoenix View Post
How do you like the 5s chart?

Is fast, but one is able to see the continuity of the price in a deeper way, also gives a better clue regarding to the pace and the trading activity, moreover I think that the PA of today was an example of how should be the behavior when a RET is triggered on an interest zone, in any case was a pretty good day.

About the analysis done by godzilla regarding to the Trend lines and its relation with the break of the price his results are very similar to my numbers I hope we can share this kind of information

see you tomorrow : )

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  #118 (permalink)
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lajx View Post
Is fast, but one is able to see the continuity of the price in a deeper way, also gives a better clue regarding to the pace and the trading activity, moreover I think that the PA of today was an example of how should be the behavior when a RET is triggered on an interest zone, in any case was a pretty good day.

About the analysis done by godzilla regarding to the Trend lines and its relation with the break of the price his results are very similar to my numbers I hope we can share this kind of information

see you tomorrow : )

People tend to be fearful when they don't know what's going on, or when they "know" what's going on but don't understand it. This is a problem with longer bar intervals: one can't see what's going on inside that bar or candle. I suspect that those who trade longer intervals just don't think about it and focus instead on what price does when it exceeds the high or the low of the bar. For others, that's not enough.

In any case, if you keep a 5s open, you at least won't be surprised by what price does when it hits what you've pegged as support or resistance or when it triggers your entry. Using a longer bar interval is not unlike seeing your entry be triggered and then having your monitor wink out. It's not difficult to imagine the reaction when that happens. It won't be calm.

As for sharing information, of course. That's what this is all about, and Gozilla is just as eager to move ahead as you are.

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  #119 (permalink)
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Note that even though price has moved above that 16.5 to 35 range, it hasn't actually cleared it. It's just segued into another range. This may be because that range wasn't all that important to begin with, or it may be because we're so near a new high. As the situation is unclear to me, I'll just wait and see what price does as we get nearer to the "open".

There is also the problem of the ES being nowhere near a new high and that 20 has been an issue since February.

Drama.

0914: If the open isn't "neat", the day may not go as smoothly as one might have wished. Trade what you see, and what your plan tells you to do, not what you think or are hoping for or would like to see.

0924: Price is of course back inside the range, so let's see what the other side has in store.

0931: I should also point out that at this level everybody's a player, from the tick people to the weekly people, and they aren't all going to have the same goals and objectives.

0934: If you hypothesized an entry at some point this morning and it didn't work out, don't forget to look back when you have time and figure out why it didn't work out.

0936: Notice all the sloppy back-and-forth as compared to yesterday?

0945: Your fears will suck you into using wider stops. Don't be tempted. Focus on what price is doing.

1004: Yesterday was the sort of payoff you get if and when you follow your plan, if you have one. Don't give it all back for nothing.


Last edited by DbPhoenix; June 19th, 2015 at 10:03 AM.
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  #120 (permalink)
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BTW, damnpenguins, you forgot to point out that you owe all your success with wrestling your demons to Appendix F

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