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

  #311 (permalink)
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Context 06/08

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Trades.

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Trading the SLA/AMT Intraday-context.png  

Last edited by lajx; August 6th, 2015 at 01:16 PM.
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  #312 (permalink)
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Follow-up


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Just a few simple rules . . .


Last edited by DbPhoenix; August 6th, 2015 at 01:12 PM.
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  #313 (permalink)
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  #314 (permalink)
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lajx View Post
Context 06/08

Attached file

Trades.

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Killer trade there on holding the 9:53 or so short by using SLA.

Lajx, I appreciate your posts and your morning context updates.

Thanks

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  #315 (permalink)
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CONTEXT 07/08

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TRADES

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2L/2BE

I prefer to Stop Trading


Last edited by lajx; August 7th, 2015 at 11:13 AM.
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  #316 (permalink)
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lajx View Post

TRADES

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@lajx,

What does the red box represent in this chart?

If it's the range, why not wait for trades at the extremes?

Not critiquing you in the slightest, trying to learn how you apply SLA/AMT in that situation.

 
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TheTradeSlinger View Post
@lajx,

What does the red box represent in this chart?

If it's the range, why not wait for trades at the extremes?

Not critiquing you in the slightest, trying to learn how you apply SLA/AMT in that situation.


Yes, as is shown in the 60 minutes bar time, the red box is a TR, therefore you have two choices, one is to trade reversals in the extremes and the second is to trade SLA only if the TR is big enough.

In this order of ideas and making a kind of review of the trades, this was my thought process when I was trading today.

First trade, after the open the price spikes the Lower Limit of the TR and a zone where the PDL and the ONL are located, notwithstanding the traders are unable to hold below this Area and the price is reversed, however, this reversion is slightly above the 50% of the previous down movement, fact that shows me (at least to me) that there is no enough strength from the traders to keep pushing the price higher; therefore I take the short when the RET is triggered, despite the fact there is a significant Resistance just ahead of the trade I just decide to pay the “price of admission” and let the price tell me if I was Right or Wrong , hence one must be very focus at this point because is usual strong movements in this kind of interest zones. Later on the price was unable to confirmed the RET and the trade was discarded, because it did not do what was expected.

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Second trade, HL on a Support area (PDL, ONL and LL of the TR), RET triggered and confirmed, but after a MFE of 7.25 the trade was in BE, (although close with -1 tick).

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Third trade, at this point the price was unable to go below the resistance and above the day’s high, and a hinge is formed, later on the price break to the downside and I decide to enter short again because I wanted to know if the traders could break the resistance zone, therefore I decide to pay once again for the “price of admission”. Later the traders were able to make a LL by only one tick and the price rebound almost immediately (maybe the trade should have been discarded earlier but it's done) and later on the trade was discarded. Then based on the PA of the day I defined a congestion area.

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Fourth trade was taken after the price broke the congestion area of the day, notwithstanding from the AMT point of view the trade was taken in a disadvantage position, because the trade was not aligned with its principles (trade the extremes) --- I am also learning to trade.



Thanks for watching my work.

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  #318 (permalink)
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Whether one agrees with the conclusions drawn or not, this is the sort of thinking that one who is interested in trading price should engage in.

Perhaps the most important aspect of it is that the trade was approached. By looking at the hourly interval at least, lajax was able to perceive the potential range. If he had looked no higher than a 5m, much less a 1m, this range would have been missed. As it was, it provided the basis for his tactics. And he could plan everything out long before the open.

Perhaps an equally important aspect of this is the lack of hope. Lajax knew what he wanted to see. When he didn't see it, he exited the trade and moved on without thinking about it, ready for the next opportunity. The thinking can wait until the session is over and the review is done.

After the ease of the past two days, a third would have been unusual, but one can't make assumptions, particularly when one is faced with what would otherwise be a perfectly good setup. Again, one must know exactly what it is he wants to see and judge the market by its own action. If the market decides it's not going to deliver, then that's that. Tomorrow -- or Monday, at any rate -- is another day.

To lajax: how exactly are you entering during this phase? Are you entering N ticks above the low of the ret? If so, how are you defining the "low"? Have you explored incorporating the DP to determine your entry price?

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  #319 (permalink)
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Just wanted to remind everyone about the serious airspace down below (Daily chart).

Schaefer

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DbPhoenix View Post
Whether one agrees with the conclusions drawn or not, this is the sort of thinking that one who is interested in trading price should engage in.

Perhaps the most important aspect of it is that the trade was approached. By looking at the hourly interval at least, lajax was able to perceive the potential range. If he had looked no higher than a 5m, much less a 1m, this range would have been missed. As it was, it provided the basis for his tactics. And he could plan everything out long before the open.

Perhaps an equally important aspect of this is the lack of hope. Lajax knew what he wanted to see. When he didn't see it, he exited the trade and moved on without thinking about it, ready for the next opportunity. The thinking can wait until the session is over and the review is done.

After the ease of the past two days, a third would have been unusual, but one can't make assumptions, particularly when one is faced with what would otherwise be a perfectly good setup. Again, one must know exactly what it is he wants to see and judge the market by its own action. If the market decides it's not going to deliver, then that's that. Tomorrow -- or Monday, at any rate -- is another day.

To lajax: how exactly are you entering during this phase? Are you entering N ticks above the low of the ret? If so, how are you defining the "low"? Have you explored incorporating the DP to determine your entry price?


Hi db.

-When you refer to “this phase”, what exactly do you mean?

-I supposed that when you say “entering the low of the RET”, do you refer to a short trade, right? If so, yes I would enter 4 tick below the Bar that eventually triggered the RET. For example here in the green line.

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Regarding to “How are you defining the "low"?” it is based on what I consider as a RET, therefore as is stated in my trading plan the low would be determinate in the next scenarios (Green line)

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And finally what is the meaning of DP? I never have seen it before

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