walterw

Cattus I see a great improvement on your centrifugal and centripetal pattern recognition... nice chart with comentaries of the setups... About the fisher oscillator on 5 min I like how he plots this signals (lime /magenat dots) on 5 min , it could be used for timing purposes only if it doesnt repaint... other wise it would not be reliable... I will test him this week... thought so far our timing is done on the 1 min chart for "very specific entries".... so I will also test him on a 1 min chart with input 50 ahahaha¡¡¡ please keep this interaction ¡¡ cheers Walter.

Yes Shreem, it is a nice refinement... the same old concepts in a more simplified context... we simply look for centrifugal and centripetal setups... thats it... very simple stupid thing that the market its permanently doing... during this week as I post examples it will get even more clear... cheers Walter.

too tight axis for my taste, will give to many false setups at the end... my two cents.

Nice overall trend... but would not be of much use for scalping... It would really be a diferent type of timeframe strategy wich it can perfectly be done... cheers Walter.

It will take some time Sun... some practice is the key... you are doing ok so far, posting charts here is also a good thing as we can interact on what was done good or not so good... cheers Walter.

Ok Sorry I will try to respond here to this issues >>>1 / stopping today scalping (target reached) while the market has a great volatility offering (today..not like yesterday or tomorrow...) good opportunuities... >>>> greed control is a good discipline... your bussiness shouldnt be based on all what the market "supposedly" would give you... but should be based on a clear target... >>>>2/ stopping today scalping (target reached) , not considering/forgetting that, for example, my last 2 scalping days were loosing and so knowing in advance that my "monthly lifestyle target" will not be reached.. (In fact, if I understand, each time we have one and only loosing day our monthly target cannot be reached)>>>> Dont focus on the monthly target... focus on today... and you should be ok.. you will see how less amount of negative days you will have as you get experience... still there is no edge on giving more pressure today because yesterday I didnt get the target... just relax and enjoy.. no pressures, just good basic targets to make in a relaxed fashion... >>>>3/ "such low expectations makes you much more selective...only take the best setup" : I like this approach again but it seems difficult to me to implement... why ? I understand (studying your VMAR threads) that you mix "big money" trades and scalping ("conservation of capital" + fun ...which I appreciate also ) so my question is : - When and How to choose/decide between a Trade or a Scalp ? (taking into consideration that a scalp needs to close the whole position in one time vs partial profits for Trades AND that "best setups" are by definition (and back-testing...) reserved for Trades ...)>>> Trading and Scalping on my case use diferent moneys... separate bussiness... they are not related and they work paralel on their trading... Being selective means, being disciplined to take your setups that are very well formed and not the ones that are forced to look like... its about not overtrading, people with high targets DO overtrade and finally do less money.. >>>BTW, you propose a crystal clear daily (profit) target to stop scalping...but you don't speak about a loosing limit that would stop scalping for the day too. (sorry to speak about that but having not your expertise I know that I can also loose 3 "lifestyle months target" in only one scalping day ... LOL )>>> If you loose so much, something is wrong with your method, stop trading, revisit your technique, go paper trade till it works... normally any loosings should not exceed two or three consecutives losses... otherwise I should revisit method... so for me at least on my aproach great drawdowns = wrong method... if the method is ok, you should only experience normal stops that get recovered on the next trade by far... Hope this helps Serge... cheers Walter.

Normally 1/5th between scales would do it... thats a nice relationship between "setuping" and "timing" chart... cheers Walter.

Hi Nyc... when he ask you program, go the the list and choose IExplorer... that should work ok... So far we are having Mt4 and TS being covered on programing, dont know if we have another genius for ensign... but you may want to test mt4 as it is free for forex... cheers Walter.

Thanks Michal ¡¡ it is very encouraging your compliments ¡¡ Certainly this process its a true example of collaboration of a great comunity like TL ¡¡ Certainly we all learn together here... I know the next weeks will get even better... cheers The Chimp.

yeap, you can perfectly trade that combination 30 min with 5min... its another lifestyle for shure... it requires another life time schedule to follow that,(diferent sleep, less longer happyhours distentions, etc) thats why I dont go any higher than 5 min on the setuping... Would be interesting if you are interested on following those timeframes to keep us posted on how it works... nice to interact with you cattus ¡¡ cheers Walter.

Perfect Flip there Tin ¡¡... did you took that long previously ? cheers Walter.

Cattus : The axis blue line on the 5 min chart as I use actually is heavy enough to show you waves corresponding maybe to a 1 hour chart... so there is no need to complicate yourself looking bigger time frames... Now, if you are aiming to play longer moves (cycles) then its a diferent story... you will like to setup a 1/5th relation aprox. between "setuping" chart and "timing" chart, whatever suits more for your strategy... for example : 30min with 5 min or 4 hour with 1 hour etc... cheers Walter.

Hi Armand, you want to check the thread as actually there is one template for 5 min and a diferent templates for 1 min... You probably loaded the 1 min for eur/jpy wich has only two lines, the 5 min template and indis as well are on post # 29 hope helps, cheers Walter.

I got very enthusiastic with this pair today, and after Sundowner shared his chart I did 3 consecutives winners :thumbs up: ¡¡ So thanks Sundowner for this illustration ¡¡ NOW I noticed that this pair its much more volatile than Aud/Usd... so we needed more responsive crosses on the 1 minute vma duo.. without getting any aditional noise... so I recurred to Bruce`s Genial all inputs adxvma6test3 version and so far the inputs : 4-2-3-2-0-0-1-0-2-100 gave me a much better yellow line ¡¡ :doh: the 100 line with none color and I got a clean leading timing for EUR/Jpy ¡¡ Example trades : so for the EUR/Jpy traders... I probably will be one... I add Indis and template for the 1 min timing chart... cheers Walter. ADXVMA6Test3.mq4 chimp 1 min chart for eur-jpy.tpl

I will try to answer Cattus : >>>What does Refresh mean for you in spanish? Refrescar, Retomar, Reanudar, Restaurar?>>> It means Refrescar, con la idea de "volver a"... >>>Why do you use Refresh to talk about tendency and to talk about an action? Sometimes I confuse with these terms. >>> We basicly here have two trend definitions, a centrifugal wich travels to the outside of the axis and a centripetal that travels back to the axis... So the Refresh Action ( " la accion de volver hacia" ) its the centripetal trend back to the axis.. >>>Talking about timeframes. On this method (or system), do you see timeframes greater than 5 min? 15 min? 1 hr? Or it is not important for scalping techniques?>>> So far as to MY scalping method 5 min does ok... now, this method can perfectly be traded on larger time frames as well... >>>>I remember that I read that you don't use the 1 min chart, you use a ticks chart, it is correct? why?>>>> On my futures trading I do scalp with tick charts, for this forex research I am using 1 min chart for my timing, I am using mT4 (metatrader) and the smallest timeframe we got is 1 min... wich in forex does pretty well... >>>>The SMA of the chimp2_1 is of 4 bars. Is it important for the method, or can I change for another of 2 bars, for example?>>> that signal line its just for estetics jejeje... no use at all... even the oscillator has a very periferic use on the entire method, once the trader really got very used to his cycle measures of his trade, he perfectly can trade without the oscillator... I DO NOT time my trades with the oscillator, I use the 1 minute chart with the two vma`s... Hope this answered some... I like this interactions ¡¡ cheers Walter.

Ok... now that you understand all the concepts that are behind the chimp`s setups... he will make you the favor of showing you how he simplifies the reading of his setups... this is a way to relax and enjoy the ride... no need to be permanently overthinking the concepts behind the setups, just a simple view of the setups its good enough to be looking for the right trades... Trading MUST be an enjoyable experience.. and simplification is one way to get there... cheers The Chimp. Simplified Setups Presentations.swf

That simplification contains all the concetps of : NET vs REFRESH Trend.. Centrifugal vs Centripetal Action... All setups : Icon, Continuation, M`s (Lazy, Equal and False Break), Refresh... at the end respond to that morfology... So lets say you understood how all the concepts work together but you want a simple graph on your mind that will resume all does concepts... well the graph on the previous post would do it... Let me attach here some examples... they look very nice on Eur/Jpy... The interpretation of my drawings is : UP Arrow = Long Down Arrow = Short Green Arrow = Centrifugal Setup Red Arrow = Centripetal Setup All this chart show this simplified "setupings" on 5 min... cheers Walter.

If we had to over-simplify the "Setuping" vision on the 5 min chart we could reduce it to this : here you can see the relationship between the three lines... the yellow line doesnt need to be perfectly contained by the green one, there can be some error margin there... like this : Let me show some examples on next post...

Great Bruce ¡¡ offcourse there is no hurry, its just a nice idea to add here... cheers Walter.

Hey Nate, Now you are GURU man ¡¡

Hi Hechua... quite a situation this one that you are telling here... let me add my two cents if it can be of any help... one key on my experience that really keeps me relaxed, is aiming very small targets per week... (low weekly preassure) this targets have to be good enough to maintain my income and growth alltogether... so your trading aproach doesnt feel any high preasure and at the same time resolves financial and growth issues... Whatever I can be of help, I am at your entire disposal... cheers Walter. PD: I am also FULLTIME trader...

As Eur/Jpy is more volatile it should probably need to adjust some inputs on the 1 min lines.... tell you later... cheers Walter.

About the blue line HE... I am actually using it as an axis... (only that).. not measuring any "laddering effect" on the blue one, as it is too heavy of a line to measure any direction actually... Now the green line laddering, yes its very good for confirmations of directions... I start too look more seriously this pair Eur/Jpy... thanks Sun.. cheers Walter.

This is a video on a Lazy Centripetal trade I did this evening with Sundowner`s EUR/JPY... nice pair Sun ¡¡... On this video you can see what hints we get thru a refresh trend (yellow between green and blue lines ) sugesting a potencial refresh centripetal action back to the axis... cheers Walter. Lazy Centripetal Trade on EUR-JPY.swf

Hey Nate... you should never fool with a chimp man ¡¡ jejeje take care buddy... cheers The Chimp.