Just reviewed the 8 replays from the weekend. A lot was learned. Definitely developing a sense for the rules I will make.
NQ - Supply & Demand
- Thread starter eminiman414
- Start date
clicked the scroll bar on accident on the replay timer, lost my entries and exits so roughly placed them in myself.
Just reviewed all of the replays I did over the weekend. Although I was really looking at re-entries, 50% areas, dealing with chop etc there were many trades that should have been taken and basically just the view of some of the charts would have been different had the I'll call it mechanical or "generic" SLA been used as opposed to playing with the little nuances. Many many of those little losses don't exist and winners are larger with proper SLA instead of trying to get cute and again price doesn't care how cute I am with it. With that said I am going to take DBs advice from the ghost thread and work purely on SLA without trying to add to the basic plan. Master that first, and go from there. Crawl first.
Question for all you SLAers. If you are trading mechanically entering the break/retracement and exiting on the break of the line; what do you do when you exit the trade however the move continues and you do not get the opposing signal? I have read I believe it was in game's journal when DB was engaged in that thread that one should take the break of the swing because another retracement may not happen, however I believe I also read somewhere that the next retracement after the swing break should be taken? I guess what I am asking is what are the re-entry rules as per the SLA. I know the entry, I know the exit, but what is the re-entry in the same direction as the previous trade rule? These are the types of situations I was trying to test out during the past weekend of replays. The example I have would be trade #3 on my chart.
Trade 1& 3 I entered similarly. (looking for a rule on this) Trade 1 however I suppose could have been avoided as I had a supply line that was broken so the rule is to wait for the retracement, but given the fact that the initial push up didn't have a retracement I could enter I did not want to miss the continuation up (if there was to be one). Similar thinking with trade 3.
Trade 2 &4 break/retracement.
Stopped the replay as I think this is an important piece of info I am missing. I don't need a straight up answer either. A link would work and I'll do the research. Just figured it might be easier to ask than search through all the SLA threads. I thank anyone in advance for the info.
Trade 1& 3 I entered similarly. (looking for a rule on this) Trade 1 however I suppose could have been avoided as I had a supply line that was broken so the rule is to wait for the retracement, but given the fact that the initial push up didn't have a retracement I could enter I did not want to miss the continuation up (if there was to be one). Similar thinking with trade 3.
Trade 2 &4 break/retracement.
Stopped the replay as I think this is an important piece of info I am missing. I don't need a straight up answer either. A link would work and I'll do the research. Just figured it might be easier to ask than search through all the SLA threads. I thank anyone in advance for the info.
The behavior of the first 20 minutes or so I was not comfortable with. I recognize how price was moving however I asked myself if this was live right now what would you do? My answer was sit back and watch so after the first trade which I took because I had to (although did not want to) I observed thereafter. Don't know if that was right or wrong at this point but that's what I did.
I have also attached a word document. It's 49 pages of many posts that I found important before I even started this journal. There are no charts in it just words/posts I found useful. If anyone is interested. I am going to read through it because I have a few questions I'd like answered so I will see if I can find the answers in this doc.
I have also attached a word document. It's 49 pages of many posts that I found important before I even started this journal. There are no charts in it just words/posts I found useful. If anyone is interested. I am going to read through it because I have a few questions I'd like answered so I will see if I can find the answers in this doc.
That is quite the document! Are they all from Db?
I have something similar except mine are screen captures that include the date so I can piece it together after if I have to. I have also put annotations on charts that he has commented on in the threads.
The rules for trading via SLA are quite clear, but the nuances are just as important and this part takes a while to master. Or, if I just stuck to the rules without adding in nuances I could already be making money! LOL...
I have something similar except mine are screen captures that include the date so I can piece it together after if I have to. I have also put annotations on charts that he has commented on in the threads.
The rules for trading via SLA are quite clear, but the nuances are just as important and this part takes a while to master. Or, if I just stuck to the rules without adding in nuances I could already be making money! LOL...
Most are from DB I believe. Maybe a few from game. A lot is taken from when DB was engaged in game's thread and from the SLA threads.
I am really only interested in one type of situation that I am looking for an answer to and if there is a SLA rule for it. It is if you exit on the break of the line, but then price continues in the same direction as the original entry what does one do? Take the break of the last swing, or wait for the break of the swing then the next retracement? That's the only thing I am looking for at the moment. I am finding the other nuances like 50% etc as good areas of interest more for exits/holding, judging strength/weakness, maybe a SAR than an outright entry.
I don't know that I'd call it a "rule". The more rules, the worse. It's more a sensitivity to price behavior that one acquires over time. How much time depends to a large extent on how much replay he's done.
This is an instance of TDTDB, one of the appendices in the SLA-AMT pdf. If you're in a fast-moving market and price doesn't move in the expected direction, the odds are high that it will instead move in the opposite direction (if the market is tired, there is an equal or greater probability that it will simply move sideways).
Therefore, if price breaks your, for example, DL but doesn't drop, odds are that your line was too tight and that you ought to be setting an entry stop to re-enter. If price does eventually drop, your re-entry is never triggered and you can start looking for the short you've already anticipated and planned for.
But there can be no hesitation here, no fear response. You have to focus on what traders are trying to do and if they're accomplishing that. If you don't know and can't tell, do nothing until the scenario becomes clearer. If it's a decent trend, there will be other ops further on.
haha so basically what your saying is based on the BEHAVIOR (lol) one treats it as a typical retracement entry if warranted. My third trade from yesterday was my example and I suppose based on what you just said I treated it correctly (based off of the behavior not the fact that the trade worked out in hindsight).