walterw

Great Reaver ¡¡¡ I will stay tuned ¡¡ and I know that any inputs here will be usefull for any time frame... cheers Walter.

Ok... I had been doing this evening some more research on the "second wave" trade and I like so far what I see... also I like what I am experimenting with fibos to give strength to our setup, so thanks for inputs to Gary (GCB) on this very interesting issue to add here... What I want to explain now a little bit is how do I select the pivots in order to draw a fibo... So to make it more easy I decided to explain it on a video... hope you guys understand me, any questions please ask me... I will try to explain.. cheers Walter. Adding fibonacci.swf

Thanks for the kind words Reaver... its a pleasure to have you back aboard and I also expect learning from your long term methods... cheers Walter.

its nice... unfortunately I will not be trading this week... so maybe next week I jump in..

Here is an example from today, notice our pullback went right to th 50/61.8 area of fibo, giving more confidence to the trade...

I dont think we will need it... it repaints himself and doesnt give a reliable information lol

Thanks Don... it looks fancy... dont know if it would be usefull but we should take a look how it works... Have you tried before, know how it plots ?

Here I attach an example of a "second wave" trade that considers the fibo level.... any way this doesnt change the timing with cci... I believe it can help to show what type of pullback we are really looking for...(size of Pullback) What I notice is that you have very small pullbacks (micropullbacks) some times that will even move cci on the other side of 0 but the real pullback wave still its not over... this fibo considerations could tell us what type of measure we expect in average for a pullback... and avoid taking "micropullbacks"... its another way of filtering out noise on this "pullback" instance of the setup... ill make video to explain.. cheers Walter.

Hi Gary, I consider that your input here has some great value and I am making a parenthesis on my process to give some consideration into it... I know fibos can predict very good accurate areas... My struggle is how to determine from where will I measure them... IF I can find a very simple and stupid way to draw fibos that we could use as a reference, it would be interesting to add them into our considerartion... Its obvious that fibos ar drawn from pivot to pivot... the big question here would be : wich pivots should be selected to draw the fibos... cheers Walter. PD : I also saw Therumpledone added a dynamic fibo indicator for TS... would be nice if we could get something similar for MT4....

What I am enjoying of this process is how we got to combine very diferent aproaches, taking the best from each one and making a new creative aproach... you got FHR + Icon + momentum vs non-momentum + cci timing methods + fixed exits strategies + RRR etc etc... so I agree we need to backtest and forward test this... I got three years of data ¡¡ so it should be good... cheers Walter.

Let me see if I can program one for you... give me some time... cheers Walter.

Yes Don, I think testing will give more confidence in here...

Great Blu-Ray ¡¡ I see you are a fast learner ¡¡ System looks nice and I hope during this week I will be testing at least 1 year worth of data... results from that test will give more strength to this aproach... nice to have you aboard Blu-Ray, are does charts TS ? cheers Walter.

Glad to hear that... there is much more to come... all interactions as usual are welcome... this is an open research and remember I am not teaching any proven or closed method "yet"... this are clean ideas... and they had been done thanks to the help of all your interactions my dear forum friends for wich I am so greatfull... cheers Walter.

Gary : the camtasia video recorder has that pen...

And the third video with a real world example.... cheers Walter. Second Wave Real Examples 1.swf

Yes it could be used, but so far I am trying to keep it simple... it would really get more complicated to determine wich levels etc to use.. here cci can give a nice entry and go for a hit or a scratch... cheers Walter.

And here comes another video explaining the secunce of this trade... cheers Walter. Second Wave Secuence.swf

Well it is a complete allien territory for me... I just tried it out on friday... so dont have much input on how tu use it, maybe Raul could expand a little more on it... cheers Walter.

Hi traderlu... I had a little dissapointment on real time as they eventually lag quite a bit... so for timing purposes I think it doesnt get better to what I am used to use... now for an overall trend determination it is a very nice tool.. it shows the price action structure very clean... cheers Walter.

OK... so far I had explained the overall concept of what I am trying to do here... Now I will try to explain how this trade setups... So far we have two diferent setups situations here.. one is centrifugal and the other one is centripetal... For now lets get strated with the centrifugal one... What starts the setup ? well a break of the Range... this break will be considered the first wave... after that we expect the pullback and prepare to get in the second wave... so this would be the secuence : 1) Break of Range = First Wave 2) Pullback 3) continuation on the Second Wave... On this graph you can see how this is formed : I still want to work with fixed targets, and I like the 10 pips target... So we have a very simple setup here... lets asume this one could also work a 50/50... ( I think it may have a better than that performance )well it should still be profitable as the target has to be higher than the stop giving us a very nice RRR... And here I attach a first real world example : there are a lot of details to add... I will keep posting... cheers Walter.

Glad to hear that Don ¡¡ here comes my first video ¡¡ hope my english can be understanded... cheers Walter. Second Wave Intro.swf

Ok... I started this Forex research on june 18 with my first forex research thread, things evolved to the FHR trades and now I hope I can evolve to even better territories where I expect to see some of the topics already dealed being optimized here... I smell that this probably will be my final method for forex... I am going to call it the "Second Wave" trade... because I plan to trade the second wave or second attempt on a move... It will have a nice combo of FHR + Icon trade, if it sounds unfamiliar this are the threads that deal with detail on the topics (I suggest reading to understand this thread better) http://www.traderslaboratory.com/forums/f24/walter-s-first-forex-research-various-1916.html http://www.traderslaboratory.com/forums/f24/the-fhr-trades-1976.html There is no doubt that market moves in waves, from there on lots of analyst had developed methods based in waves, from elliot to some other derivated analisis of waves... I am no elliotician and dont pretend to be it, I like things more simple... I did present on the futures forum the "abc" trades http://www.traderslaboratory.com/forums/f34/the-abc-trade-1940.html wich actually refer to this second wave price structure... it is a PRICE STRUCTURE that keeps happening over and over again... you will see it in any market any time frame... looks like a kindergarten chart... well that level of simplicity should any trader reach on his career... too complex setups will not necesarilly make you more profitable... What does this graph means ? well basicly three things: 1) First Wave... the market shows a first intention... he may "probably" want to go there... 2) Pullback He has waves, cant go there on the first move... has to take a rest (but his original intentions are still there) 3) Second Wave... he resumes and continues with his intentions... and here is the habitat of our business... the second wave, his second attempt on his original intentions... Now, its hard to see this some times... the very trained eye of an old seasoned trader may see it at a glance, but not the new trader or the left brained (me)... so here comes some tricks in order to be able to see this formations in an easier way... CONTEXT... context can do that for as, and this context also can give us some edge if we understand some other crucial facts about the market. Markets have centrifugal and centripetal action in relationship to key ranges areas be it from MP or S&R analisis x time range, etc.. centrifugal normally brings momentum, while centripetal refers to cycle... wich finally gives us two clear clasifications of the market... Trending or cycling... This is happening all the time... market is expanding to the outside or playing inside this ranges... SO ¡¡ first we must then decide what range are we taking into acct... there are numerous ways of doing this, you can use MP valua areas, pivots, x time ranges... etc, but deciding normally for one to keep things simple... in this case I will be using the x time range, wich takes the low and the high of a given time and creates a range... so far I am using the range of the first 3 hours previous to London open (thanks to Don)... so there we have the range... What can happen in relationship to this range ? well we can take off to the outside OR we can refresh to the inside... So here comes the combination of this context Range/centrifugal/centripetal with my 2nd wave price structure they both will combine two series of very independent and powerfull concepts all together in one setup... So here things start to take more color... you can notice that we combine a very intersting series of concepts all sinergized for one clear purpose, make our way on a simple trade. I will keep explaining on next post... cheers Walter.

Nice dog there Reaver... I always wanted a monkey as a pet... not easy to get... cheers Walter.

Hi Rumpled, would be nice if you feel confortable to open yourself a new thread on our technical forums about your trading methods... TL has a very good reputation of respect and a constructive interactive enviroment, so maybe you can finally find your home and make your self confortable interacting about your techniques... I would be very please to hear about how you trade ¡¡ çBy the way, do you know how to program this indicator for MT4 ? would be awesome to have it also on mT4.... once again thanks and Cheers Walter.