Trading the SLA/AMT Intraday - Emini Index Futures Trading | futures io social day trading
futures io futures trading


Trading the SLA/AMT Intraday
Updated: Views / Replies:43,121 / 362
Created: by DbPhoenix Attachments:197

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 197  
 
Thread Tools Search this Thread
 

Trading the SLA/AMT Intraday

  #41 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
Futures Experience: Advanced
Platform: IB
Broker/Data: IB
Favorite Futures: NQ
 
DbPhoenix's Avatar
 
Posts: 470 since Dec 2012
Thanks: 95 given, 1,543 received


Gozilla View Post
I've been maintaining a journal here for a while now, graph icon bottom left of this post should take you there. (it's not pretty) the exposure to other traders is a bonus even though I largely keep myself to myself as I feel I am not really able to add much to the conversation or offer advice.

I got ahead of myself last time home, so inspired by lajax I am backtracking back to backtesting and taking my time with it, (I think it is the fastest way forward for me as I am still battling old habits) then forward testing and then if I get as far as sim trading I may look to continue my notes similar to the observation notes I made at TL, but, I will continue to use my journal for reviews, thoughts and ideas.

Seems you have some interference. Don't know why people do that.

You'll forgive me if I don't read the whole thing. Where should I start?

The following user says Thank You to DbPhoenix for this post:
 
  #42 (permalink)
Elite Member
Aberdeen, Scotland
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity/Transact
Favorite Futures: YM
 
Gozilla's Avatar
 
Posts: 216 since Jun 2013
Thanks: 213 given, 273 received

Starting point.


DbPhoenix View Post
Seems you have some interference. Don't know why people do that.

You'll forgive me if I don't read the whole thing. Where should I start?

Tough to say where a good point to start would be, I first came across the straight line threads in December 2013 and what I was observing up to that point is the reason why those threads made so much sense to me.

Beyond that, I took a break from journaling over the summer and studied the material and charts in more detail and tried to reason with myself as to why I respond to certain emotions live that don't crop up in sim. Over the last couple of months I tweaked how I approach ranges as I was heavily reliant on SLA in range and I have struggled to adapt hence the reason I feel the need to go back a few steps and start again.

https://futures.io/trading-journals/27702-gozilla-s-rough-road-consistency-5.html#post457972

It might save time to skim over the charts as some of the posts waffle on for a while, but, for the sake of posterity I try to record anything that might be of interest, the post above was leading onto the change and it might be evident on the charts and the reasoning behind the trades I took.

Thanks again.
Gozilla.

 
  #43 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 913 since Feb 2013
Thanks: 2,069 given, 1,860 received


DbP, I spent some time this weekend reading your writings on SLA. While I didn't know it was called SLA, I was please to see someone with your experience reading the market in much the same way I do. You have eloquently put into words what I have been doing since last October when it suddenly dawned on me, after years of watching the markets, that all moves begin with a break of a line. Ever since, I have been drawing straight lines in almost the exact way that you advocate. I have not seen this type of analysis in many other places. While this has not yet translated to huge profits (due to a fundamental lack of confidence lost over many years of failure), I feel I am close to making it happen.

I assume you want participation in this thread? What would you like to see in terms of participation? Charts posted with trades? Questions asked?

If you are at all interested, I have a journal here:

https://futures.io/trading-journals/34083-tap-s-corner.html

You can start anywhere since nothing much has changed from the beginning.

 
  #44 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
Futures Experience: Advanced
Platform: IB
Broker/Data: IB
Favorite Futures: NQ
 
DbPhoenix's Avatar
 
Posts: 470 since Dec 2012
Thanks: 95 given, 1,543 received


Tap In View Post
DbP, I spent some time this weekend reading your writings on SLA. While I didn't know it was called SLA, I was please to see someone with your experience reading the market in much the same way I do. You have eloquently put into words what I have been doing since last October when it suddenly dawned on me, after years of watching the markets, that all moves begin with a break of a line. Ever since, I have been drawing straight lines in almost the exact way that you advocate. I have not seen this type of analysis in many other places. While this has not yet translated to huge profits (due to a fundamental lack of confidence lost over many years of failure), I feel I am close to making it happen.

I assume you want participation in this thread? What would you like to see in terms of participation? Charts posted with trades? Questions asked?

If you are at all interested, I have a journal here:

https://futures.io/trading-journals/34083-tap-s-corner.html

You can start anywhere since nothing much has changed from the beginning.

The SLA was originally "If You Can Draw A Straight Line (You Can Become A Successful Trader)". But all that was too much of a PITA to type over and over again, so I abbreviated it to the Straight Line Approach, which was the result of years of effort trying to explain Wyckoff and having little luck as so few wanted to read Wyckoff's course.

All that aside, what do you think I can do for you? I look at only a fraction of what you look at, and any advice I might be able to give wouldn't have much effect given the elephants in the room. But of course you're welcome to ask any questions you like.

You may also want to follow Gozilla's journal (https://futures.io/trading-journals/27702-gozilla-s-rough-road-consistency-40.html#post493086). I don't know whether or not what I'll be posting there will be of any use to you, but it will save repetition.


Last edited by DbPhoenix; May 5th, 2015 at 12:06 AM.
The following 4 users say Thank You to DbPhoenix for this post:
 
  #45 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 913 since Feb 2013
Thanks: 2,069 given, 1,860 received


DbPhoenix View Post
The SLA was originally "If You Can Draw A Straight Line (You Can Become A Successful Trader)". But all that was too much of a PITA to type over and over again, so I abbreviated it to the Straight Line Approach, which was the result of years of effort trying to explain Wyckoff and having little luck as so few wanted to read Wyckoff's course.

All that aside, what do you think I can do for you? I look at only a fraction of what you look at, and any advice I might be able to give wouldn't have much effect given the elephants in the room. But of course you're welcome to ask any questions you like.

You may also want to follow Gozilla's journal (https://futures.io/trading-journals/27702-gozilla-s-rough-road-consistency-40.html#post493086). I don't know whether or not what I'll be posting there will be of any use to you, but it will save repetition.

I understand. Thank you for generously sharing your time and work.

 
  #46 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
Futures Experience: Advanced
Platform: IB
Broker/Data: IB
Favorite Futures: NQ
 
DbPhoenix's Avatar
 
Posts: 470 since Dec 2012
Thanks: 95 given, 1,543 received

I was part of a discussion a couple of days ago regarding various "price action" approaches, including the SLA. It's always interesting to hear about what people are doing to modify it and make it their own. Those modifications require testing, of course, and sometimes the modifications are so severe that one must pretty much start over.

I like playing with these modifications to determine whether or not someone has come up with something better, but so far I've had the best results by just following the rules. Perhaps the greatest advantage of that approach is that I don't have to think about it. Today was a perfect example.

To begin with, the "zone":

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Then the situation prior to the open. Price found some resistance just above 56, and the drop at 0845 held at the previous swing low. Then price marches upward to the open. The demand line is broken, which is no surprise, but price begins making lower highs. Depending on one's risk tolerance, he can enter at either (red) 1 or 2.

The supply line is then broken at 0953, and the long is taken at the first retracement thereafter. If one misreads this, he might try another short at 0958 or even 1001, but price recoils against this hard and fast, signaling that a long may be in order. If one follows the rules rather than cling to a bias, entering at (green) 1 should present no problem.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


After that, there's really not much to do:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

The following 12 users say Thank You to DbPhoenix for this post:
 
  #47 (permalink)
Elite Member
London, UK
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: TSTcombine
Favorite Futures: CL, ES, FESX
 
lasecondababele's Avatar
 
Posts: 213 since Oct 2014
Thanks: 181 given, 371 received

Hi @DbPhoenix, thank you for putting together those two PDFs...
Maybe it wasn't the most salient bit, but I really enjoyed "the dog that didn't bark". Everyone stresses the importance of HH/LL/LH/HL but flipping the concept on its head and paying attention to what price doesn't do, that made it more relevant and memorable.

 
  #48 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
Futures Experience: Advanced
Platform: IB
Broker/Data: IB
Favorite Futures: NQ
 
DbPhoenix's Avatar
 
Posts: 470 since Dec 2012
Thanks: 95 given, 1,543 received

I'm glad you got something out of it. I'm in the process of updating it and expanding it. I hope to be done with it this weekend. When it's done, and if it's not too large, I'll upload it to this thread.

The following 9 users say Thank You to DbPhoenix for this post:
 
  #49 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
Futures Experience: Advanced
Platform: IB
Broker/Data: IB
Favorite Futures: NQ
 
DbPhoenix's Avatar
 
Posts: 470 since Dec 2012
Thanks: 95 given, 1,543 received

Here they are. Anyone who actually reads it, let me know of any typos or errors. I've proof-read this so many times, my eyes are ready to bleed.

Attached Thumbnails
Trading the SLA/AMT Intraday-mgdpsla2015cmpr.pdf  
Attached Files
Register to download File Type: docx JourneySP.docx (173.2 KB, 197 views)
Register to download File Type: docx DemandSupplySP.docx (43.6 KB, 197 views)
The following 19 users say Thank You to DbPhoenix for this post:
 
  #50 (permalink)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: FlatTrader
Broker/Data: GFT and Interactive Brokers
Favorite Futures: ES, DAX
 
Posts: 531 since Aug 2010
Thanks: 2,121 given, 719 received



DbPhoenix View Post
Here they are. Anyone who actually reads it, let me know of any typos or errors. I've proof-read this so many times, my eyes are ready to bleed.

Hi @DbPhoenix,

Many thanks for uploading the documents - which I really appreciate! And surely many others too.

For any reason, I´m not able to see the images in your Demand/SupplySP document (see attached screen shot).

Would you be so kind to upload it as a PDF ?

Abde

Attached Thumbnails
Trading the SLA/AMT Intraday-demandsupplysp.gif  

Closed Thread



futures io > > > > Trading the SLA/AMT Intraday

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
New strategy for trading CL intraday Ecko Commodities Futures Trading 12 October 9th, 2013 12:10 PM
Intraday-Trading: Trading-PC vs. VPS/Hosting Renkotrader German Traders 12 March 28th, 2013 11:43 AM
Could a 'Fiscal Cliff' Deal Include Cap on the AMT? Quick Summary News and Current Events 0 December 18th, 2012 02:40 PM
‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ Quick Summary News and Current Events 0 November 29th, 2012 12:40 PM
Why Me? AMT to Trap Record 4.3 Million Taxpayers This Year Quick Summary News and Current Events 0 April 2nd, 2012 02:40 PM


All times are GMT -4. The time now is 09:47 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.14 seconds with 20 queries on phoenix via your IP 54.226.34.209