walterw

Ok.. I still keep bringing ideas to my forex aproach... I know nothing its new here, just about all methods had been discovered and developed at this time so this is more of adapting some pre-existing method to my personal needs... If I have to make a grand clasification of methods I have to talk about trend or counter trend methods... on the other hand momentum vs cyclical methods... is any method better than the other ?... dont think so, I believe both types of aproaches have same potential... now I believe we as humans have certain propension to certain type of "models" on diferent areas of life... some people are very social others dont like to hang out... some eat a lot others are frugal... some people like to use beard others they shave every day... so the same happens with trading, there is no clear explanation (technical) exactly why some traders like to be trendwise and others counter... as some like to trade in the storm of momentum while others love to trade on quiet waters... so here comes my point and I think the word "confort" aplies very well to this issue... where are you confortable ? what method makes you feel confortable... there are great techniques, but maybe you dont feel confortable with them.. and some times a technique thats not a super technique you do fell confortable with it, now thats what I call an edge there... some times the edge comes from the confort more than from the technique itself... So in trading its technique + confort in perfect equilibrium... So far I keep adding ideas here on the pursuit of technique + confort... cheers Walter.

Hi Tin... you shouldnt feel any remorse... This type of trending days are exceptions, your rules why you didnt get back in is the norm.... the norm makes a traders living and not this exceptions... Super exceptional trending days will not make your trading career... Normal cyclycal boring days make your career... so dont bother and dont stress emotionally about loosing a day like yesterday... keep the norm working for you... be good on this f·##&%K boring normal days... cheers Walter.

Yes IE gives the same error...

Happens the same to me... its random...

for scalping you want to try cybertrader ... they have nice support and soft, and its a schwab super big broker...

What kind of video card you have on your pc to connect more than one monitor ? thanks Walter.

and then you can also upload them here on the video section and they will stay secure on this server....

Ok... I had been doing some research on some other forex forums... there are very nice things out there, others just not that good.... One thing I notice is that some threads get started very good and suddenly the creator disappears and the rest of the people just do something completely diferent, in other cases the same creator drops his method and changes to a diferent one... I dont know why they just dont open a new thread... well so far in terms of forex I did open this "idea" thread wich is conceived to be a poupurry of ideas... so I think here its the proper place to bring things that will not necesarilly will keep going on... FHR has been the first forex thread with one clear topic so far coming out from here... I think FHR could have some future,(still on beta, we will see) any way I would like to introduce now a new idea here for forex wich has some hibrids from other forums combined with my typical way of looking at things... This one can be nice for the "day traders" its not so scalping type... I will use a 15 min and a 5 min chart... ¡¡ chatterbox:p I think it can give a little more room to make more pips...(probably thats one of the things I am still not convinced about the 1 min timeframe in FHR`s ) some times it can be a small range trap where you can hardly get even with your costs... so this is an easy one... Lets call it: The "Pivot Reject" Trade if this takes some color we will eventually open a thread about it... Now we have this pivot line (red) its fixed during the entire day, it belongs to yesterdays data... and this other magenta line wich is some kind of average... we basicly are above or below this pivot... if above we are thinking in longs, if below, we are thinking in shorts... very simple... Now... we will be looking to have a move towards this pivot... if we are above, going down to the pivot, if we are below, going up to the pivot... then REJECTION, bounce of this pivot... doesnt need to test it but the near we get to it the better... And like always ( for me the best and simplier) CCI will do the timing for us on the "very specific timing" at 5 min... I attach some charts to show this... later I explain this better... cheers Walter. Pd: I still dont have exits decided... this is a first argumental idea...

Another good one Janice ¡¡ this one did put me on tears... I believe you are a sheroe ¡¡ This emotional and spiritual aspect of a trader its so true as the most cold rational technique... we are humans ¡¡ "they knew that somewhere inside of them was the person they wanted to be" glourios quote Janice¡¡ thanks so much Walter.

So far you have the entire London session to trade with this method... and an Asian FHR is in development...

Something nice its taking charts and righting on them... have an archive of them or publish some here... you can see your evolution on some issues, for good or for bad.... cheers Walter.

I agree in taking two or three sessions of observation, then go live... you must remember that the last market you where trading maybe slightly diferent to the one you are looking right now... no hurry... you have many many sessions to make good money... cheers Walter.

Todays Holiday I did meditate in forex... some ideas of very simple stuff (nothing new) have been arround... some kind of average reject type thing that would look similar to an icon type thing... something for a very easy reading... I dont know, I want something easy... complexity its not the way here, it doesnt guarantee nothing... I found an average (Black) that could be the one to be crossed and rejected... notice the red ribbon how it crosses the black average then pulls back to it without crossing it again... oscillators could give timing here... something to meditate in... cheers Walter.

Thats true cooter... it wil be very conveniant to validate his identity... anyway he deserves respect from our part.

About this Joe Ross issue... it may be him it may be other, also happened with our psicologist... they all deserve respect... calling spammer someone who is not spamming is unrespectfull... so respect I believe will keep this forum on good mood... I know some of you have an aversion to "vendors"... well dont buy them nothing, but if they want to freely share some content, let them come, it want hurt anybody... did Irushing, tradingdoc, khurramnaik hurt us ? NO... they give input and if they are bringing nice interesting content let them share what they have to share... now trashing and being unrespectfull I dont believe its sinonimous of freedom... Forums can get very wild if there is no restriction for this type of conduct... So Why not get relaxed and hear what this people have to share ? why not being humble and hear their thoughts ? then make your own conclusions positive or negative... this aversion to them its not a civilized conduct... and obviously this forum is diferent to other forums in cleaning that type of intolerable conduct... thats my opinion... cheers Walter.

Todays july 4 we have some nice FHR flips... cheers Walter.

Yes¡¡¡ and thats probably the most exciting issue a trader has to get good on, and I admit screen time is the best teacher here... In my case I call it "Momentum vs Non Momentum conditions" and so far in my experience Keltner Bands combined with a discretionary perception of market "velocity" (stuck vs flowing trades) can help determining this market climate... About Keltners the outerbands are the frontiers between this two conditions... if the market can manage with a nice "velocity" to build price action outside the outerbands, we can consider this a momentum condition... if the market gets to this outerband frontier and velocity is stuck there having a hard time to get any further then cycle is present and we can expect cycle conditions in the market... refreshing back to the mid band... So in my case I perceive momentum vs non momentum with keltner and velocity (some kind of tape reading)... There are some great amount of nuances to this... for example a news day, you may have a very slow market previous to the news, after the news (depending what news and numbers) market changes to momentum... On some other ocations like yesterday previous to a holiday,market was on cylce mode... Momentum trading days sometime happens after small range days and on and on this goes... lots of aspects to determine this "market climate" perception... I think here is where any newbie has to make screen time and get good on it... after that having a nice simple strategy for each market condition and you are mostly in bussiness... cheers Walter.

Hi Brown... nice question there... I have decided some time ago to show all my arsenal, I wanted to take this out so I could also see from outside myself and maybe help others at the same time, in the process of showing all out, it hasnt been that organized... maybe as time passes I will be able to organize all this information... now remember there has been also some evolution from my part too, thats why its so mixed my information, because I went from my traditional M`s all the way to this new setups wich actually some of them are a new version of my M`s... The First process here is determining the type of day, that normally can be established on first half hour... it will be Momentum day or Cycle day... so here you have two big classifications... where for each one there are a series of strategies that will fit the day... If the day happens to be a Momentum Day.... then "flip" and "abc`s" will be considered.. If the day happens to be a Cycle day... then M`s trades will be considered and here we have the new M`s breed : "lazy" trades and "false brake" trades... So basicly you have four setups that will be organized and considered depending in two types of market climate... From this four setups I am more confortable with two of them "flip" and "false break"... maybe (here is my evolution) I will probably stay only with this two... The nice thing here is that both use the same indicators on charts and the timing methodology (with cci) is common for both... So depending on the day momentum or cycle I will be looking for "flips" or "false breaks"... They are very easy setups to spot on a chart and very friendly to trade, the key is being good to determine market conditions... Hope this may clarify all this Walter mambo :p cheers Walter.

This is a diferent version of the M`s that works very well on cycle days... similar to the Lazy Trade but its diference is that we need a swing of the previous pivot... probably from all my M`s this is an easier setup because you inevitably need a false swing to take the trade... Its very important as all this countertrend cycle trades to be shure we dont have momentum in place, otherwise its a clear recipe to get stoped... now when you have a :zzz: day then this "False Break" trades work like a charm... So whats needed to trade this trade ? 1rst_ we want to have an outerband pivot being formed creating a level.. 2nd_ we want to break that level, but not much... 3rd_ right after the break things loose steam and get back in... here we time our entry and expect to cycle back inside... 4th_ exits should be scalpers exits as we dont expect any super move...(we dont have momentum) so I attach a chart of this, so you can understand what I am talking about here.... The advantage of this trade is that it gives you the posibilty to make very nice gains on this slow cycle days... its more easy to spot than the lazy trade because you need that swing for the setup... For timing I am using all of the "flip" timing methodology with cci... in this case I do take the 100 levels cross for entries... setups are on 55Tick chart, "very specific timing" is in 22 Tick chart... I will be posting this one for a while... and dont forget I am a scalper... cheers Walter.

Very nice inputs Mr. Joe Ross... I think we are priviledged to have you here aboard at TL ¡¡ I always liked the simplicity at the same time efectivnes of your aproaches... hope we can really get to interact with you. About this pressure to perfection you talk about, unfortunately many traders we had to learn it the hard way... Normally newbies have a hard time to believe this great truths, they are so enthusiatic and self confident that they think perfection is posibble... In my experience I learned the hard way, now I really do understand what you are talking about here and on my skin... Once again welcome aboard.... cheers Walter.

Thanks Tasuki for that explanation... cheers Walter.

Yes Tasuki, it "fails" to swing previous extreme pivot.... I have another trade, never posted here called the "false break" trade wich actually forms part of my M`s wich actually does swing previous pivot but comes right back in... cheers Walter.

Some of today FHR setups...

Yes Blu-Ray I do have a 22 Tick chart also on my trading, I use it for "Very specific timing" I do use it for flips as for abc`s... now my experience with abc`s is that the best abc`s that did work happened also to be flips, so it was adding to much noise into my trading, having too much trades I dont really need... so for the sake of simplicity I just choose to trade flips at this time and my regular M`s.... I will show you on post my 22 T charts also... cheers Walter.

Hi May, the above chart has some flips, but I would not look for flips on that chart because it doesnt have keltner bands, wich is one of the conditions for flip setups... the timeframe on the above chart is 2 Range chart... now on flips I use 55Tick charts, I will be posting flips again on the flip trade thread.. I actually dont trade this 50 cci setups, I like to do some research on it, but found flip can be much easier to trade... cheers Walter.