Trading the SLA/AMT Intraday

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Now don't be mean.

It took me a few seconds to understand what you were doing, and I figured that since we're troll magnets anyway, why not make their heads explode?

Those who want to see why and how I traded what I did are welcome to see today's post at TL. Note the timestamp on the initial post for today.
 
fortydraws said:
Yes. I think I may see a pattern developing. Maybe if I went back and looked at 100 of these I might learn how to profit by it.
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In all fairness, the problem appears to be a lack of trust -- not "faith" -- in AMT, and that's something that comes with a lot of experience, either RT or via replay. I made one trade this morning and I'm still sitting on it, solely because of AMT. But those who don't subscribe to it, or pay any attention to it at all, are getting stopped out here and there and everywhere or taking itty-bitty targets. They don't see that diagonal lines and swing points from November are completely irrelevant. Though we may not reach it today, and the ride may not be smooth one, the "target" is the median of the weekly trend channel.

So I sits and I waits.
 
fortydraws said:
Remember, even a year from now you can hover your mouse over the "posted date" and it should show the "timestamp"

Now, if you can't figure out what to do with a LOWER HIGH, then you have work to do.
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I love all the attention I'm getting today! :D

Now the trouble is of course that these time frames keep getting switched up. Here the lower high is quite visible on the 1 minute chart. But a few weeks ago you showed the lower high on my 5 second chart, which was barely a lower high even given that those two 5 second bars were touching, hence barely a RET in there. Sure this would have been a lower high on the 1 tick chart, but this will therefore lead to plenty of lower highs if you just focus on the 1 tick chart, so the question is which one do you take? And why here talk about the lower high on a 1 minute when you're usually looking for a lower high on 1 tick chart?
 
fortydraws said:
Ok, just one more ...



Troll: But how do you know it was going to be a lower high?

ME: I didn't know anything other than that 64.25 is less than 66 (which I learned how to determine in 4th grade I believe: fractions and decimalization).

Troll:

View attachment 150231
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I think you just proved that I'm not a troll because my head didn't explode! Great test! :)
 
k p said:
I love all the attention I'm getting today! :D

Now the trouble is of course that these time frames keep getting switched up. Here the lower high is quite visible on the 1 minute chart. But a few weeks ago you showed the lower high on my 5 second chart, which was barely a lower high even given that those two 5 second bars were touching, hence barely a RET in there. Sure this would have been a lower high on the 1 tick chart, but this will therefore lead to plenty of lower highs if you just focus on the 1 tick chart, so the question is which one do you take? And why here talk about the lower high on a 1 minute when you're usually looking for a lower high on 1 tick chart?
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Why do you continue with this?
 
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dbphoenix said:
In all fairness, the problem appears to be a lack of trust -- not "faith" -- in AMT, and that's something that comes with a lot of experience, either RT or via replay. I made one trade this morning and I'm still sitting on it, solely because of AMT. But those who don't subscribe to it, or pay any attention to it at all, are getting stopped out here and there and everywhere or taking itty-bitty targets. They don't see that diagonal lines and swing points from November are completely irrelevant. Though we may not reach it today, and the ride may not be smooth one, the "target" is the median of the weekly trend channel.

So I sits and I waits.
More...
I appreciate this "window" into what you're actually doing. Now if you shorted around the 88 level based on the lower high you point out, price moved nicely till it hit 71 which formed the overnight low, but then it climbed all the way back up to 86 just before the open. You would have even had a SL break in there. So using the daily/hourly time frame, I certainly understand how you're holding this short till we hit at least the mean of the channel, but given that you took this short today, and not higher up based on the RET on the hourly chart, I find it interesting that you would have let price come back up to almost your entry point after being over 15 points ahead without taking some profits. I'm not saying you didn't, so please don't think I'm trolling, I'm just analyzing the action.
 
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