walterw

aha.. I am on XP here...

There is a saying that a chart talks more than a thousand words... so I prepared some charts here to try to express somehow what we are talking about here in terms of setuping the trades on 5 min chart... its interesting too look at them, and at some point you start asking, isnt this the same chart I already saw ?... cheers Walter.

On this post I add a video about Centripetal Action and the setups you can find there... it has been quite a specialty of mine trading this type of setups on futures... This other threads explain a little more how this type of centripetal setups are formed... http://www.traderslaboratory.com/forums/f34/the-lazy-trade-1942.html http://www.traderslaboratory.com/forums/f34/the-false-break-trade-1994.html remember that they are countertrend, so you dont want to take this ones on great momentum conditions... there must be some clear hint that there is a REFRESH trend in course... cheers Walter. Centripetal Setups.swf

Ok Serge... I am glad this can be of help, we really grow all together here ¡¡ I will try to answer some of your questions : <<<a 1 min chart which is imho usually more difficult to read for the trader and for the indicators.... What is the reason please of this difference >>> we had been able thanks to Pyenner`s coding work to get vma`s coded into MT4...(Metatrader) wich is a very nice friendly and free of cost forex charting platform... unfortunately the smallest timeframe is 1 min, no tick charts on this platform... now forex is more longer time moves (not like futures), so 1 min does ok... <<<<The VMA vs previous indicators ?>>> vmas are unique, they absorb noise thru an horizontal effect (HE) wich makes trend definitions and timing much more cleaner... <<<<<Forex trading vs Futures trading ?>>>> in forex you can grow on volume in 7, 8 or more digits... futures, hardly 7 digits... normally 5 digits on futures... <<<<something else ???>>>> this thread http://www.traderslaboratory.com/forums/f24/the-chimp-s-forex-trades-2698.html is the latest and probably the most evolved off all my postings wich I recomend most... hope this helps Serge... cheers Walter.

Exactly ¡¡ thats the way we can get things so simplified... and vma`s give us the correct visuals for this...

yes Armand, certainly videos make things more easier to explain... glad you like them... The Chimp oscillator actually its not a CCI... Pyenner has designed it and it contains certain volume measures as well... so its a new breed... cheers Walter.

Now I will focus today on the setups we may have on this aproach... I tried to introduce some preliminar concepts, so you guys can understand where my ideas are making pivot... I hope I dont confuse anyone, maybe re-reading its the way to get there... 1rst we have an axis (blue line)... from that axis we expect Centrifugal Action and Centripetal Action... so when we have certain action we get the following setups for that action : Once again this chart illustrates the setups that fit on certain type of actions : So FIRST you need to understand if you are in Centrifugal or Centripetal Action... interestingly there is certain "anticipation" of this actions from our part... BUT thanks to our Three lines (blue, green,yellow) we can make that anticipation or discernment of potential action more easy... When a NET trend is alligned on the lines, we normally will say we have Centrifugal action in course... when a REFRESH trend is alligned then we may start thinking that a Centripetal action may come into place... You see how this informations start to fit all together ? So if you get to understand NET and REFRESH trends with our simple clean lines, you will be able to start training you eye to anticipate Centrifugal and Centripetal action.... and once you got that you will start to look for the Setups that fit on each of this actions... May sound complex, but once you grasp the idea behind it and take the bmw out of the factory should you have a very simple trading aproach... continue on next post.... cheers The Chimp

good Blu-Ray... maybe Bruce can help you on the volume issue... but dont go bald man ¡¡ jejeje cheers Walter.

Hi TraderTom, the aplications of vma`s are vast... so far you may want to check some of my threads where I try to show how I use them on real life situations... the latest (recomended) is here http://www.traderslaboratory.com/forums/f24/the-chimp-s-forex-trades-2698.html it will contain medium term and scalp type trades on the same thread... at this point I am researching on forex... I normally trade futures... cheers Walter.

I will start the day today posting indis and templates for the 5 min chart so far... just in case, this thread explains how to load them on mt4 http://www.traderslaboratory.com/forums/f30/how-to-import-indicators-and-templates-2427.html cheers Walter. ADXVMA6_12bar.mq4 ADXVMA6_16bar.mq4 Chimp2_1.mq4 TLOMI NonLagMA_v4.mq4 chimp 5 min chart.tpl

Here comes a video... maybe its not so clear yet the info as I needed to mix a little all the factors here on the presentation... dont worry, as the thread evolves it wil get more clear... If you guys interact, it will be quite easy to understand, questions, answers, etc... feel free to interact ¡¡¡ cheers The Chimp. Cycles, inflections, centrifugal and centripetal context.swf

jejejej Good one Nate ¡¡ thats my real humor... look, this chimps got out of the casino and are enjoying some good jokes cheers The Chimp.

Ok... I continue here... We have cycles that happen to start and end on inflections points... this cycles/inflections are clearly shown by a clean oscillator... NOW... this inflections happen on a clear context where we can determine if we are about to take centrifugal or centripetal action in relation to the axis... On the other hand we have a series of setups clearly designed for each given context... Lets start with the Centrifugal context setups .. here we expect to see the price action traveling to the outside extreme from the axis... I normally call this trend trades because the movement is on the same direction of the side we are of the axis... Example: below axis, going down or above axis going up... On this Centrifugal context the chimp is used to take two types of setups : _Icon _Continuation very simple, this is the traditional trend trade where you buy the dips on an uptrend, sell the rallies on a downtrend... the icon actually is the "first" continuation after a cross of the axis... but basicly we take inflections of cycles on the direction of the trend on a Centrifugal action... I asume you guys are somehow already familiar with the icon concept, in case of needing more info on it I would suggest the following readings http://www.traderslaboratory.com/forums/f24/the-mini-icon-trade-2147.html http://www.traderslaboratory.com/forums/24/walter-s-forex-trend-trades-2364-9.html So lets see an example today of some centrifugal setups (Icon and Continuation ) that gave us this plays from the axis to the outside... at the clearness of our vma`s trend context lines.. and with the clear view of the cycles thru our chimp oscillator... here we see the price action croses the axis and after that the following continuations start to make their clear inflections in order to fuel a very nice centrifugal action... cheers The Chimp.

Cattus : as the thread evolves, I will soon post indis and templates... cheers Walter.

jejeje... you will laugh when after one hour of straight gains they kick you out of the casino... jejeej..

Thats great Cattus ¡¡ Bienvenido ¡¡

Now the market works on this fashion : move-inflection-move-inflection-move-inflection etc etc... sounds silly uhu ?.. he is permanently doing that... you look a chart and its that... now basicly trades should be taken during the inflections, not the moves... so a trader has this task, spot the clean inflection itself, wich normally thats no big deal of a task... we normally call that : Timing. NOW an even more excellent task he has to do is to understand to what context this inflections respond too... where is this Inflection situated on the market stage... here is where the trader will excell to understand what he is doing and why he is doing such a trade... Here The Chimp will facilitate a cheat graph where he basicly is able to see all the types of trades that come to happen in a given Stage of the market... you will notice here that he organizes the market arround an axis with centrifugal and centripetal action in relation to that axis... We saw previously on our trend definition how our tools on the price pane (three lines) help us to determine how we are in relation to the axis... Now... coffee please...

This oscillator works like this :

Now I will add another ingredient to our aproach... Market moves in cycles, its like breathing... you load your lungs with air, and at certain point its inevitable, you will be releasing air from your lungs... same with market he makes small cycles inside biger cycles and so on... You can choose wich cyles you want to trade, will they be little, medium, large ones... any of them... for that I am a believer that Oscillators help us to see the detrended presentation of cycles... cycles get plotted very easy on an oscillator... and even better if its a Chimp Oscillator ¡¡ Some people developed alergy to oscillators, thats because they wanted to use them on the wrong aplication... for example, an oscillator will not show you so good a trend definition as we have with vma`s on our price pane... but YES they will clearly show you the market breathing (cycles)... as the market comes and goes... being able to detect where the next move will be is very important.. and oscillators can help us a lot on this... here we have the complete 5 min chart for this aproach, it has the three lines above and a chimp2-1 oscillator with inputs 2.5-2-1-2 and he has a gentle signal line wich is a sma 4 of the chimp oscillator... This indicators had been developed by Bruce (Pyenner) on this thread http://www.traderslaboratory.com/forums/24/playing-with-the-vmar-s-open-2440-40.html for wich I am so greatfull ¡¡ What the oscillator is clearly showing, with very small noise and at the same time on a quite leading way, is the points of inflection from a certain measure of cycles on the market... I can put a smaller setting and you will probably see the smaller cycles inside this first ones... true is if I create a 1 hour chart and I put this same oscillator, he will show me the bigger cycles that would contain this ones... But madness its not necesary for trading... we need to keep things simple and we need the exact correct information to get us trading, no more, no less... So this chimp oscillator will show us the cycles we want to trade... on the next post let me explain where do cycles fit with market inflections and how inflections happen to be in a centrifugal or centripetal context.. ahahaah... cheers The Chimp.

Thanks Blu-Ray and Reaver for support... ¡¡ You guys encourage me a lot during this process, I hope to keep things as simple as posible, thats my target on this one... cheers Walter.

I will Blu-Ray ... its too easy you will laugh at me... cheers Walter.

Here is the first video about the 5 min trend definition... cheers The Chimp. 5 min Trend.swf

it is very simple if the casino allows you... martingale type, very stupid, very easy... problem you can get kiked out... lol...

OK Michal ¡¡ when he have my age (37) he will be millonaire with a private island in front of Dubai ¡¡ keep that up man ¡¡ Thanks Brown for support ¡¡ I think I am getting to a simplified stage with very cool tools behind my back, this will be a nice evolution on this process... I am also watching at distance your candle stuff as the fantastic options spreads you asked more info to Tin the other day, as usual TL rocks... we even have a casino ¡¡ jejeje cheers The Chimp.

I will get started with trend... We need to have a clear trend definition in order to be confident to take any trade, be it trend or countertrend trade... I will be using a 5 min chart and a 1 min chart for this aproach... The 5 min chart help us to see the big picture, the 1 min takes us to the "specifics" of our trade... So I will start with the 5 min chart showing how we determine trend there... My 5 min chart its very simple, on the price pane we only have 3 lines... This three lines are : adxvma6_16 bar (40) (blue) adxvma6_12 bar (4) (green) tlomi non lag ma (9) (yellow) Now, we have a trend definition acording to how this lines are alligned between them... The allignment will tell us the quality of our trend... We will have NET and REFRESH quality of trend.. NET = all lines large, medium and small alligned on the trend direction.. REFRESH = small (yellow) line between medium and large lines, wich means that trend may be refreshing to the axis line (large line) or eventually it will resume net trend... This organization its key to keep us simplified... continue on nest post... cheers Walter.