Trading the SLA/AMT Intraday

[DbPhoenix 42]

[supermht 10]

hi, DB and all the experts here

 

I followed DB 3 foresight chart, and I read the PDF, but still have no idea how to trade the 3 charts

 

could any experts here show to how to read and how to those 3 charts on a live trade, for example, DB post 3 charts on ET. any illustration?

 

thanks

 

What was the range before the open this morning?

Edited April 6, 2015 by DbPhoenix

[supermht 10]

4280-4270 on 15m chart

 

And what strategies are available to you when trading ranges?

Edited April 6, 2015 by DbPhoenix

[supermht 10]

1; trade reversal at extreme ( bottom or top )

 

2, trade pullback after breakout of extreme

 

And trade the breakout, if any.

Edited April 6, 2015 by DbPhoenix

[supermht 10]

thank you DB

 

still hesitate to trade breakout

 

That's something the approach can't fix.

Edited April 6, 2015 by DbPhoenix

[DbPhoenix 42]

Another range.

 

Where are you going to enter?

 

Where are you going to exit?

 

If you don't know or you're afraid to take the trades, you shouldn't trade today.

 

See Appendix E and Appendix F.

[supermht 10]

thanks DB

 

price is approaching bottom ( 4337 area)

 

I am going to short pullback after breakout to downside

 

but i hesitate to buy at 4337 area, ( should I ? )

 

If you don't know ahead of time, then you shouldn't trade at all and instead test this tactic with 100 ranges. If the odds turn out to be favorable, then trade it. If they don't, don't.

Edited April 7, 2015 by DbPhoenix

[DbPhoenix 42]

If anyone is interested, here's how the SLA/AMT rules applied today's action:

 

 

 

Note: You can't do this unless you're in front of your computer and paying attention.

 

You can't do it at work.

 

You can't do it at school.

 

You can't do it while writing your novel.

[eminiman414 10]

Not sure if anyone else has this issue but it says I don't have permission to view whatever it is you posted????

 

That's a new one.

 

I wonder how much longer TL has?

Edited April 7, 2015 by DbPhoenix

[supermht 10]

hi, DB, where is content of this post? i am confused

 

If anyone is interested, here's how the SLA/AMT rules applied today's action:

 

 

 

Note: You can't do this unless you're in front of your computer and paying attention.

 

You can't do it at work.

 

You can't do it at school.

 

You can't do it while writing your novel.

 

The content is in the chart. You have a range, you buy the breakout. If price re-enters the range, you short the reversal. If it breaks out again, you buy the breakout again. The rules for drawing the SLs and DLs are in the pdf.

 

If you're reluctant to take any of these trades, then you probably aren't preparing thoroughly enough and don't know what to do once the session begins. That's something you'll have to work on.

Edited April 8, 2015 by DbPhoenix

[eminiman414 10]

I think he means we can't see the chart. At least I can't.

 

I don't know why it's not visible. It was visible in his reply.

Edited April 8, 2015 by DbPhoenix

[DbPhoenix 42]

Since the chart's not visible, I've deleted the post and all the posts referring to it.

 

Sorry.

[eminiman414 10]

No worries. Concepts are the same anyways.

 

Actually, you guys ought to be able to reproduce it.

Edited April 8, 2015 by DbPhoenix

[supermht 10]

thank you so much , DB

 

with your guidance, I start to understand and use your 3 foresight chart

 

amazing

 

thanks again

[SRspider 10]

I think I understand the concept. Here are some of the trades I saw today in real time. Please let me know if i'm on the right track.

 

Saw this other Long after the Supply Line Break and Retest. It was good til the top of the range there.

 

Yes and no. More yes than no. Trading ranges means trading reversals, and one can't trade reversals until the limits of the range have been established. If the range is exited before these limits are established, then there's no trade. Which is why I avoid trading ranges. If nothing else, that provides a break as everything ranges for at least a little while, sooner or later.

 

Therefore, the only trades you have that are in keeping with the SLA are the long off the retracement after the break of the supply line and the short off the retracement after the break of the demand line. Whether or not you stay in the latter depends in part on your risk tolerance and in part on your faith in AMT.

 

 

All of which is moot, of course, if you had entered far earlier when price dropped out of the opening range at 0945. Then you wouldn't have to fool with any of this.

 

I went ahead and annotated this opening because it was and is interesting and is typical of the kind of real-time confusion that can assault the SLAer if he isn't completely confident in what he's doing.

 

You start with the range, which is usual though not every session begins with one. But every one of these entries gets stopped out. According to the SLA, you ought to stop after one, but people keep going.

 

Then the demand line is broken but there's no retracement on the way down. So no entry. Then you have what appears to be a double bottom, so you go long off that. This earns a few points, but the price goes nowhere and forms what appears to be a lower high. By the time the LH is confirmed, you're stopped out again.

 

If one can keep himself from becoming annoyed, and this is far from easy, the next trade, the first short, can work if one can hold onto it and not exit the trade when the next plus one bar heads all the way up to 57. But, if he can't, and tries re-entry on the next short off the retracement, he finally gets the payoff.

 

All of this seems like a monumental PITA, but if one includes the context, it becomes far simpler. You'll noticed that there is an overnight range, not posted, from 64 to 70 that begins at 0630 and isn't broken until 0830. Knowing that that range is there would most likely prevent the SLAer from any of those longs as he'd be more likely to wait for the "extreme". When he sees price fail at 64, he'd be likely to short the break of the demand line at 61 or 60. This avoids the whole shorting mess described above. Result? One trade, short, at 61 or 60.

Edited May 5, 2015 by DbPhoenix

[SRspider 10]

Thanks for the feedback DB. The second red arrow is a short on a re trace after the break of the first range box you have drawn. The last red arrow was a short on a re trace after the break of the second range box you have drawn. Were those valid if viewed in that way?

Thanks again

 

Yes, but the longer you wait, the more likely you are to get stopped out.

Edited May 6, 2015 by DbPhoenix

[lajax 10]

Here is the Excel file of my forwardtesting process

Statistics.xlsx

[DbPhoenix 42]

This post at BMT may be of interest:

 

https://www.bigmiketrading.com/index-futures-trading/34908-trading-sla-amt-intraday-3.html#post499107

[DbPhoenix 42]

*bump*

..............

[Schaefer 10]

Hi DB, where did everyone go? It's been dead across the usual forums.

 

I hope you're doing well.

 

Schaefer

 

BMT. No trolls. Self-moderating threads. Motivated people (at least so far as the SLA is concerned). Granted there are only 2-3 people maintaining journals, but there hasn't been a single harassing post to me or to anyone associated with me. Why I wasted so much time at ET is a mystery to me.

 

I have only one thread at BMT. You won't have any trouble finding me.

Edited July 14, 2015 by DbPhoenix