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

  #291 (permalink)
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DbPhoenix View Post
I should point out again in case I haven't made it clear that this is a paraphrase from Mamis. Virtually everything I know about risk I learned from Mamis. In fact, along with Trading in the Zone, The Nature of Risk is one of the only two books I currently recommend.

Similarly, the SLA is firmly rooted in Wyckoff. It didn't just come to me in a dream.

I found The Nature of Risk online and I'm reading it now.

Fantastic insights so far and I'm just scratching the surface of the book.

Thank you Db.

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  #292 (permalink)
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TheTradeSlinger View Post
I found The Nature of Risk online and I'm reading it now.

Fantastic insights so far and I'm just scratching the surface of the book.

Thank you Db.

Mamis does say the obvious, yet, that obvious isn't so apparent without reading it first.

Gringo

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  #293 (permalink)
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Gring0 View Post
Mamis does say the obvious, yet, that obvious isn't so apparent without reading it first.

Gringo

I don't know that it's "obvious". Traders rarely discuss any of the various kinds of risk, only "Risk". The sticks in the spokes for the intended audience for the SLA have always been price risk and ego risk.


Last edited by DbPhoenix; August 1st, 2015 at 06:11 PM.
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  #294 (permalink)
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Last edited by lajx; August 3rd, 2015 at 11:55 AM.
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  #295 (permalink)
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I think we are range bound b/w 4570 - 4608?...

Regards,
K

 
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  #297 (permalink)
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Hi DbPhoenix,

Do you allow Forex pairs in this thread? If not I will remove these pictures.

I attached a couple of charts from the EUR/JPY Daily and Hourly. PA seems to be locked within a range in the Daily, while the hourly shows price locked in a range within the Daily's upper range limit and median.

Thanks!

Attached Thumbnails
Trading the SLA/AMT Intraday-04th-august-2015-1.png   Trading the SLA/AMT Intraday-04th-august-2015-2.png  
 
  #298 (permalink)
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msenev View Post
Hi DbPhoenix,

Do you allow Forex pairs in this thread? If not I will remove these pictures.

I attached a couple of charts from the EUR/JPY Daily and Hourly. PA seems to be locked within a range in the Daily, while the hourly shows price locked in a range within the Daily's upper range limit and median.

Thanks!

I'm not interested in it, but if you can make it work, why not?

However, it isn't going to do you much good unless you draw your lines in real time. And unless whatever you're trading is mean-reverting, you will in effect be playing dodge ball with price. Add to that the fact that the SLA is of little use in ranges and of no use in chop and you may be running after the wrong train.

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  #299 (permalink)
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Seems like a hinge to me on 60/15 mins bar time frame.

Regards,
K

 
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I don't want to interfere in journals unless asked, and I'm not a fan of the ES anyway, but I would like to point out that trading the ES under these conditions is particularly difficult, regardless of whether or not one is trading the SLA/AMT.

If the following chart is not self-explanatory, I'll be happy to elaborate.

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Last edited by DbPhoenix; August 4th, 2015 at 07:28 PM.
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