walterw

Nice Thread here Brown, its not easy to scale in as it is to scale out... very few people (retail traders )have this skill developed... I think one nice way to scale in is as you get pullbacks against you with your timing entry criteria still present... now ES its not easy as you dont have much range... so there are not too much fractions there to be able to scale without being so near to your stop... thats why I never been able to be good on ES... its a very professional traded future... cheers Walter.

Well thats where greed control comes into play... that type of days where you had a long travel outside the bands and then make a new super move outside the bands again.. dont happen very regularly... so being controled its a very good way to not get catched on greed thinking that on that second set it will happen again, because statistically we know it want... when it happens, money on the table ? let it happen... its not my bussiness any more... Remeber always this : Momentum is the exception, Cycle its the rule... you can take abc`s on the first break and done... mostly on the second you will have a false abc setup followed by a "lazy" trade... on this second sets of abc`s its where I will be monitoring for Lazy trades, wich normally happen... cheers Walter.

Yes Brown posting my trading method helps me a lot, and I know some good people like to clear their ideas watching this posts, thanks for interacting, about stops being posted, you can check on the "flip" thread and you will see all good and bad trades being posted... same will happen on this thread, I will post all trades, good and bad ones... I respond to your questions in the charts .... thanks Walter.

So here I start a new thread of my revisited M trade... This is the third and last method I am actually trading in Futures... My Futures Trilogy is this : "Flip" "ABC" "Lazy" ... With this 3 aproaches I manage to finish every session with my daily target... The Lazy trade its the Counter trend trade.... its the "refresh" back to the mid band... its the ideal cycle market setup, when momentum doesnt appear, the lazy trade its there to make you profitable as we go back from the outerbands to the mid band... also when we have a very strong move and momentum dries up, the "lazy" trade its ready to play the oposite come back to the mid band... (there is lot of Wayne Harris on this from kwikpop ) Not so easy trade... (do not recomend to newbies) You have to be good in measuring "market climate"... you DONT want to trade this setup when there still is a momentum condition... you can get seriously hurt... That doesnt mean this trade cant be profitable, I have been trading M`s for years and made me profitable... Now lets forget about the M term and lets talk about a Lazy trade (see example graph) 1rst we have a pivot that was formed on some extreme outside the outerbands.. 2nd we have a second pivot that its so lazy that he doesnt want to swing the first one... 3rd we get a timing to refresh to the mid band after this "lazy" pivot did not take on the previous one... And thats it... some times works like a charm, some times it doesnt... but the concept its about refreshing to the Mid band... My revision to the method was taking all the CCI timing techniques being used on the "flip" as on the "ABC" trade and aplly it to the "Lazy" trade... thats how I unified all three aproaches with ONE timing methodology... making my life more easy in terms of timing and reading charts... being able to trade three methods at the same time looking at the same chart... Ok there are some nuances to this trade I will explain now... and will try to expand in later posts as its not so easy as flip or ABC... Watching the CCI, you will notice ( see example ) that the first pivot has made a large formation on CCI, while the second lazy pivot did a small formation on CCI... this nuance has been powerfull for me to discover on this new version of my old trade... CCI talks to me in this phenomena... Once you see it over and over again it gets clear this morfology ... Well I think a chart says more than a millon words... hope can bring some light on the cycle counter trend alternative... cheers Walter.

I want to start this thread about a technique I also developed somehow together with "flip"... its an old method, nothing new here, just old wisdom being organized in an easy to read method... Also I will open a new thread of a third and last method I am using in futures at this time wich happen to be a new edition of my old M trades... (This threads have nothing to do with what I am researching in forex, this is about my futures trading).. What happened its that I find a lot of good trades going on that could not be taken as they where not with the flip morfology and I noticed they would go with the same "spirit of momentum" we developed on flip... So let me recap on this momentum thing just a minute here so you can understand what I am talking about here... If you look at the first image I attach, you will see that I define momentum as the centrifugal action outside the outerbands... thats what we are looking for ... we want to trade this centrifugal movements that the market sometimes can do with great enthusiasm... Now ABC ( I got inspired in the name since Dogpile mentioned it here on TL, thanks Dogpile, I dont know if it has something to do with what Dogpile its doing) but its an ABC pattern what we will trade here... On the second graph I try to make clear what the "ABC" trade its all about... A : We have a very strong move outside the outerbands B : We make a small Pullback C : We continue the move with mometum Easy stuff here... no brainer, if the market its showing his paws (specially on the first hour) and the wave A its constructed with energy... we can expect after this small pullback to see more action in the same direction... Here we are measuring momentum on the A wave... the stronger the A wave, the more we can expect on this trade... B is the "oportunity" being setup for us to enter this strong market... C is our bussiness... The continuation of the momentum... Now I borrowed from "flip" all the timing methods being used... CCI 100,50, 0 levels crosses, stops and exits aproaches,etc.. all adapted to ABC trades, so for those that are familiar with how we are managing timing in flips, they will find very easy to adapt those timing methods to the ABC trade... For last I attach some examples of ABC trades... I will be posting examples on sessions ahead.... Timing criterias at this time : (using cci, same inputs as "flip") For entries, if we have a zlr type entry, I will enter with the turbo 0 line cross... if I have a regular entry I will do it on the 50 levels cross.. In terms of exits I am only taking one exit (no runners)on the 50 levels re-cross... Should I make clear nothing its perfect and stops also are expected here, wich I take them 2 ticks above/below entry pivot... Hope you enjoy this very simple method as I am doing... cheers Walter.

Yes Blu , I have two more setups two share on futures, I did had a process there using the flip timing methods for them... I dont want to overload information... thats why I still didnt post, but I will soon share..., feel free to post your flips... cheers Walter.

mkp ¡¡ glad to hear from you.. I thought we lost you.. do you keep trading this cool slingshots ? cheers Walter.

Wow Don, very good stuff man ¡¡ I see you are really getting good on this, that doji on red big hull was superb ¡¡ keep up Don, we will make it to Tokio ¡¡ cheers Walter.

looks interesting Don, Notice also that doji on the top...

Today june 20 had one flip so far... was not a big deal but worked fine taking entry from -50 and again scalper exit was the most rentable one here... I will soon open a new thread with a technique that compliments on this kind of days when there are nice trades but are not flips, it will use some momentum concepts used for flips and will also capitalize on the timing methods used on flips, but will open a lot of more oportunities to trade... cheers Walter.

mroalan :you want to check this thread : http://www.traderslaboratory.com/forums/f30/how-post-chart-properly-805.html cheers Walter

Nice Charts Don ¡¡ that was certainly a trendline flip there... it worked like a charm... you can see why taking the break itself would had make you take some inecesary heat... That chart with that gap, what happened ? was it a news ? Brown and Nick : I think thats why dealing desks should be droped... (and I did trade oanda) but since I take knowledge of this ecn type platforms like efx or hotspotfx... it really changes the vision on this issues... any way would be intersting to find the way to really monitor that type of event and be caoutios as also take profit from it if its possible... Like anything, once you WANT to profit on some area, you will make your way to skip all the dificulties, I think that we futures traders at this point we got so adapted to our bussiness that we find normal some dificulties that for an allien to market they believe we are crazy trading there... its all adaptation and strategy... good posts here guys, lets keep working, I will soon post a new creative idea... (no brainer, but yes new focus)... cheers Walter.

Yes Millard, we are making some mambo here, shortly I expect to filter out the best and get consistent in one simple efective method... So far I did present some classic stuff... in very short I will post some very exotic simple stuff... cheers Walter.

Normally this trendlines trades are counter trend... what that means its that you will normally go against any trend definition... it is a reversal trade, and reversals must dwelt with some extra methods...

I attach a chart with volume histogram and a OBV... , yes we should really get that information... maybe on mt4 site we can contact them with that question... cheers Walter.

Brown : about volume, metatrader does show volume, I dont know how reliable it is... how its constructed, from wich data... etc... but yes it does have volume... even there are indicators based in volume such as money flow, etc... cheers Walter.

Ok Don , I see you later... cheers Walter.

This thread its intended to come with various ideas... that doesnt mean that all this ideas will be adopted, but taking a poupurry of ideas will make posible to see wich ones have more future than others... My final decision from wich idea I like more would be based on the best RRR... cheers Walter.

Its very similar to the flip concept, only that you are doing it with a trendline... If you play arround on the 1 min chart you will see lots of oportunities... how about this name : The "Trendline Flip" trade ? on 5 min you can take longer swings To make easy drawing, can use the small hull ma pivots to draw lines... I am thinking aloud... nothing oficiall here, only ideas... cheers Walter.

Yes, it could be implemented... now my two cents on trendlines... I would personally dont take the break itself but yes the pullback to level bounce... thats a very competitive place to take a trade with trendlines and we can add it as a new idea to our poupurry of ideas on this thread... cheers Walter.

Nice reaction to the Dynamic S&R... I attach "very specific timing" in 1 min... cheers Walter.

I will add this nuance here... and its related to the slope of the big Hull Ma... we had today after a cross several pullbacks BUT the hull was still looking down... (red) Now notice on this very particualr moment we have a cross and a pullback to a Blue hull average... that could tell us something more conservative in terms of trend reading... cheers Walter.

Enjoy Doc ¡¡ and we see you back... cheers Walter.

Thanks Michal, yes its a very diferent scenario, very slow movements they take their time... I will have to program myself in patience... welcome aboard and feel free to interact... cheers Walter.

Thats one of the reasons I switched at this time to Ym...