walterw

Hello fellow traders... I wanted to make a little update on the CL Proxy trade, using the QM for clean trend definition... Its a nice clean trade and also using the ADXVMA it makes it a great clean timing... Here are two nice trades today : As I mentioned before, the QM gives the trader an edge for trend definition because it doesnt have that much noise as CL ... so you can have a clean trend definition on QM and use it for trading the CL... Also it can keep you inside the trade and clean up the noise that would normally trigger an exit... Coments for people who have tried this are very welcome... For those who contacted me via email about my "other stuff", YES its still available... it has being a true success story so far, it doesnt get aint better really... just keep in touch. Nice having all this fans here at TL, someone asked me wich Thread I consider the best one from the good times when the chimp was active here, and I may say pretty much all of them adds to the learning curve of any trader... but the adxvma strategies are the best and they really changed my trading after that great discovery here... great times of interaction and development... good trading, cheers The Trader Chimp

Hello, fellow traders... let me update some setups from today monday on the CL using our proxy system on the QM... Nice moves... simple stuff and very clean... cheers, The Chimp

So here are the files... The ADXVMA average, wich is a characteristic tool used by the Chimp and the Ninjatrader Templates for QM and CL as well... Tomorrow I continue to add examples... hope you enjoy it, cheers The Chimp. adxvma.zip Chimp Templates.rar

So you can see on the pictures of the previous post, how I define trend with a QM 20 tick chart and define pullback / timing on the CL 65 tick chart... You are suposed to trade the CL So How do I STAY INSIDE this trade ?... well simple, if the yellow line crosses the black line on the QM chart, then YES its a stop... if not, its NOT a stop :crap: You will see a lot of noise... lot of moves on your favor and on heat against you happening on the CL ( your position future ) but you dont care about that... just focus on the yellow and black line on the QM chart... That criteria will be used for stop and for ultimate exit... YES you may get out on a nice fixed target before, but that fixed target must be at least 1:1.5 RRR to the average stop size... Here stops can be in USD quite important, and profits very nice as well... so CL trading its not for small accts.. This morning I fulled arround with 5 contracts and I would recomend to asign at least 5k per contract to be psicologicaly sound... So here I post some exits examples : In this examples you can see that I used the QM chart to close my trade on the CL Future... thats called a "Proxy" chart... the nice thing is that QM its not that crazy as the CL, but it goes on the same direction, calling for good trend definition, stops and ultimate exit... On next post I will add indi and templates.... gradually I will be showing examples and maybe some videos ( course style ) to make it more clear... cheers The Chimp.

So lets continue... We defined trend on the QM 20 tick chart, and as I mentioned on the previous post now we need to get a specific Entry definition... but without the pressure of being "perfect" .... So for that purposes we need a CL 65 tick chart where we will get our entry... What we want is first a PULLBACK against the trend with the green line crossing the black line oposite to the trend... followed by the TIMING by the crossing of the green line to the black line in the direction of the trend... this are adxvma averages... chimp stuff... this are "clean" averages... Very simple way of getting in... Now on the next post I will show you the greatest edge on this method... wich is the way to STAY INSIDE the trade and go for good moves without taking unecesary stops... Let me grab some cofee here...

So now that you got a nice clean Trend definition, you need a place to get in... Dont pretend to get on the best spot... thats where tarders have problems and loose just to much time studing, pretending to get the best spot and not get any heat while on a position... The truth is, that you will at time get on the best spot, but on the most cases it will not be on the best spot... and the chimp says WHO CARES ?? You see, thats weakness and a subjective way of thinking, when you pretend to get on the best spot... But WHY do traders are so anxious to get always on the best spot ? just to see over and over that it is an imposible task to be done... WHY ? because they dont have a way to STAY INSIDE the trade when obviusly a high amount of trades in a natural and profesional trading conditions it is absolute normality to take heat on trades... So we dont care that much if our entry its not that best spot... we will care more to be able to manage the trade, being able to Stay inside rather to look for the imposible perfection of super fantastic unrealistic good entries... Offcourse entries must have a certain degree of competitive criteria, but they must not have that pressure on them... you trade otherwise nervous, anxious... with guilt during heat... frustration on stops... suicide after years of burning accts so on next post maybe tomorrow I will show a simple Entry rule already on the CL future chart itself and also post indicators and template... now I got hungry and zome muzzarella pizza its awaiting me... cheers The Chimp.

So this method for CL will be in the direction of the Trend... so it will show a way to do "Trend Trades" on CL... Now the catch is that we will not define Trend on CL itself, but we will do it on its parent Future QM ( emini Crude Oil ) .. this QM trades less than CL, so it has less data than CL and that is usefull for us because it will clean a lot of noise to determine the Trend.. Also it will help us to stay inside the trade.. and this is a great issue on the trading comunity... STAYING inside a trade... you see, if you dont stay inside a trade, then you will never make clever money.... in the past decade I learned that you need to clear out the noise that shakes you out of trades without any need.. just to see after you where stoped out, how the market continue on the direction of the trade you "where in" ... So the QM chart I will be showing here, does exactly that... it gives a good Trend Definition and it will also be a good "keep inside the trade" tutor... so you can relax and enjoy the show on a Chimp style Fashion... Lets define Trend... In a QM 20 Tick Chart we will have three averages, a white, Black and yellow lines.. They are this : Yellow ADXVMA 2 , Black ADXVMA 6 , White EMA 15 of an ADXVMA 6 So trend definition its very simple : For Uptrend : Yellow above Black and Black above White For Downtrend : Yellow below Black and Black below White With this three line aligned in that fashion, we will say that we got a "PURE TREND" and that we are ready to start looking into the CL Chart to find precise entry spots... I will add on a later post indicators and templates as well... cheers The Chimp

Hello dear fellow traders... I decided to do a little sharing for some while, its been sometime since I dont share some of my latest stuff, and I am inspired to do it at this time.. In this thread I will share a simple easy method to trade the Crude Oil ( CL ) futures contracts... but it has an interesting aproach because it uses the mini Lot QM data to come up with the trend definition... You see, CL its a very very volatile future, and its not that easy to establish correct trend definitions at times... so using the QM mini lot data, as a proxy for trend definition, I finded it very intersting to see it in work... It is simple, because I do beleive in simple technical analisis, compared to all the new fancy stuff that unfortuantely it may look fancy and atractive but the botton line of live trading accts does not necesarily look that fancy as well... This CL thread that I will be contributing for some time is just to prove that easy and simple things work very well... The Chimp style and fashion its present... adxvma stuff combined with multitimeframe ( and in this case multidata ) analisis... Thats say is my edge in the context of simplicity... I do not trade the CL myself, just to small amount of contracts for me... I am an ES trader myself and like to trade larger volumes... but the idea here is to bring some light into what a simple aproach can do to those traders that maybe at this time are quite confused and stressed by the complex fancy stuff that doesnt give them more than a good looking chart in paralel with a small trading acct ... So lets get started on the next post... cheers, The Chimp

HI Heavenforex, glad you like the stuff here... yes, you want to use closed bars for more conservative timing, cheers Walter.

I think it was here on this thread... if not pm me back, cheers Walter.

Ok, I will be checking that issue during next week trading... have a great weekend and enjoy life ¡¡ cheers Walter.

Thanks Kit for sharing the mt4 version... so on JPY pairs you are having issues ? is that on NT or mt4 ? cheers Walter.

Hi Kit, well you see that would be a complete different issue actually as how would you time your entries and manage your exits ( key part to success ). My Filosofy is that any given method MUST have a very clear set of rules for ENTRY , EXIT and STOP ... when you combine entry/exit (profit potential) vs entry/stop ( risk potencial ) you get a RRR ( Risk Reward Ratio )... under smart and racional thinking, the RRR should always be positive... That means stops should be smaller than exits, in relation to the very same entry... So having a good RRR depends on the methodology you have that has embeded this RRR considerations into it. There are several threads from mine here on this forum wich have aproaches that favor a good RRR... my private method also lives thanks to a good RRR... NOW, the momentum filter in this case would be some sort of climate where you may consider trading or not trading if you dont have this conditions... So myself I persoanlly would not develop from this indicator itself a RRR aproach... as I consider it is not the best indicator for the RRR issues... but I found it to be an interesting filter for momentum climate conditions... If you would ask me for a thread here on TL that would be one of the best of mine in terms of RRR... I would choose this one http://www.traderslaboratory.com/forums/f24/walter-s-forex-trend-trades-2364.html Thats the pre-evolution of what then became my propietary stuff... but its really a great begining into a sound RRR aproach... even a trader can adapt his timeframes (larger or smaller) to suit his style... Hope that answers Kit, sorry I can not create more new stuff as I decided my personal technical stuff is for good, and no more new technicals I need to create any more... I notice you have the indi on mt4... is it shareable ? thanks Walter.

Hello Everyone, hope you guys are enjoying your trading as usual.... I attach once again our momentum filter indicator... you may notice on the EUR/USD what a great move we had during this filter conditions... take care, cheers Walter.

Wow Kit, that looks fantastic ¡¡ thanks so much for this great material, I will be testing them tomorrow during my live trading... take care, cheers Walter.

Hi Kit, this one seems to work ok when it crosses outside of the threshold level... how can I choose a sound wave and wich folder should be used for this sounds files... thanks a lot, Walter.

Well that really looks cool Trendup... Its so straightforward the reading of this momentum filter that it can really organize the visual of whats going on to the trader... cheers Walter

Well as any other trend trade, I trade subcicles from cycles... my true edge I believe is how I put in perspective RRR into a method... unfortunately cant explain much here as I decided to keep it private, but still there are several methods from mine here on TL that follow the same filosofy... Now adding this momentum filter can give an extra edge to the trend trader... cheers Walter.

And lets see how an ES trader did on friday... with great momentum climate... and how today monday, our indicator told him to stay out on choppiness.... As you can see this momentum filter may help a lot of traders that need to know when to use their normal strategies and when to avoid them due to more or not recomendable momentum conditions.... have a good one, cheers Walter.

Hello fellow traders hope you got a great weekend and a great monday trading you all ¡¡ I will post now the EUR/USD momentum contexts charts for friday and today monday... you will notice how news on friday gave us a great momentum burst to the upside... On the other hand today we did not have US news, giving a very chopy range wise trading that could only work ok with RRR type strategies...

Sounds great Kit, I am very greatfull for your contribution. I will be taking a look on the alarms during live trading hours next week... have a great weekend, cheers Walter.

Hi Wiertara, thanks for compliments... yea, it would be very nice to get all this indis programed to mt5, no doubts, our mt4 master programer on 2007 when we did this great research was Pyenner... dont know if he is still arround, personally I dont have mt4 or mt5 programing skills... so far I do a little of TS, so anyone who has the will and the skill, will be warmly welcome to do so... cheers Walter.

So lets see how EUR/USD did monday and tuesday... on monday the US session was impressive, the more further from the threshold box, te more momentum you can expect... cheers Walter.

Thanks Kit, I will take a look on it... cheers Walter.