walterw

Mr Brown ¡¡ welcome aboard ¡... yes sr. that doji was a VERY good confirmation for that entry... the red line in that chart its a HUll ma 200... red or blue are direction... Brown : candles on forex can talk by them self, imagine combining this dynamic S&R from hull.... I am so glad to see you interacting here, thanks Brown. cheers Walter.

Probably shorting the 5 min would be a good idea... now notice that the big hull its still blue, I am researching this nuance, maybe the ideal pullback should encounter in this case a red hull already (to be more conservative)... but its all ideas so far... Obviously on 1 min you also have a set up.... so maybe both work...nice chart Don...

Glad to hear that Blu-Ray, today we didnt have much amount of flips... the reason is very simple : there is not much momentum so there are al lot of setups that get invalidated specially on the pullback to level... (too deep) Some two more flips, I didnt trade them... cheers Walter.

Let me share some more charts of what the "Icon" trade could be... cheers Walter.

We can create a currency... so we can have the USD/banana pair... jejeje we will make even more millons because we will regulate the dealing desk...¡¡

jejeje good idea man... we can call it "TLlandia" and Soul can be our prime minister, we will send cooter to represent us on UN... Mr.Paul can be our head of poets and notouch in front of our fed reserve... jejeje that would be something ¡¡

Hi Nick, I am new to forex as you can be, did trade some years ago but never had success... As I mentioned before, the edge I find in forex is the magnitude of volume you can eventually trade, futures for retail traders can be a k bussiness... forex can be a M bussiness... It obviously demands an open mind and lot of work, but I believe it is posible... In terms of futures I actually do trade Ym, so forex futures I am not familiar with them, this forex its a diferent bussiness, it goes after diferent targets... There are lots of pros and cons on futures as on forex.. again, the pro of volume on forex its what I am looking for... cheers Walter.

How about this very first draft of the prospect "Icon" trade... Setup was done on a robust 5 min chart ( more potential space to move ) and timing was done with a "very specific timing" on a 1 minute chart... (here we can have tight stops)... If we compare the potential move on 5 min with the tight stops that we can have on 1 minute we can start talking about a competitive RRR... cheers Walter.

Today june 19 we are having a very dull market, so runners are not an alternative... just scalping... I had a pair of scalps good for some ticks, cheers Walter.

Nice ones there Don ¡¡ The Icon its right there ¡ I see you have rsx 14 , did you try it on 8 ? Did you also try a 5 min chart ?... I think this concept will be more robust on 5 min than on 1 min... and 1 min will make a "very specific timing" job Don, I will apreciate if you keep posting on gbp so we can see more than one pair... If some one wants to get specialized in euro would apreciate so we can cover the analisis of three important pairs... I also attach the cci t3 indicator... cheers Walter. FX Sniper's T3 CCI.zip

Thanks BluRay for that input... cheers Walter.

Hi Doc : a technicall question here... can dopamine give a sensation of strength... (real one) that gives or puts you on a state of motivation that you can work more hours without feeling worn out ? and a state of optimism ? thanks Walter.

For example, let me show you a "very specific timing" example done on 1 min from this "Icon" setup (I start to like that name... The "Icon" Trade ) on 5 min.... there are 3 trades marked on the 5 min chart... look on the 1 min chart how I adapt the hull averages from 5 min to be exatly the same on 1 min... with this inputs: large hull 1000, small hull 125... now the same RSX 8 did a nice job making a "very specific timing"... I also add a new cool indicator here to experiment with... its a CCI smothed by a T3 average inputs 14/5... he crosses 100 levels giving superb entries... It seems like the market got to that large hull and say uuups... I have to turn here.... well for today I will stop this insane process...tomorrow will be another day... I think that in 6 months from here I will be profitable doing this... cheers Walter.

Now as this research on the first day of existance its evolving, let me now show how would the icon morfology look in a 5 min chart... with the same indicators and inputs... it certainly is more robust and in terms of future dealing of RRR could have certain advantages... Also we have a 1/5th scale in 1 minute where we can go after "very specific timing" rules... :):rolleyes::)chatterbox:) trading can be as dificult or hard as you want to make it...

So let me post some examples of this Icon in action... I am just presenting the overall concept... chatterbox

great ¡¡ ... this indicators some years ago you had to pay a couple hundred dollars for them... mt4 has made them available to the public... amazing ¡¡

Let me describe what the icon means... 1rst a crossing of the small hull to the large hull... it sugest a change in trend direction ( the stronger, the better)... 2nd the pullback to the Dynamic S&R created by the large hull... here we come to an area aproximately it doesnt have to be exact... where this dynamic level will make a great job of S&R... 3rd the bounce or rejection of this dynamic S&R area for a continuation... (our bussiness).. here comes (I believe) a great key called timing, it cant lag too much... it cant wait for so much confirmation, at the same time you need clear rules... would RSX make the job here???.... thats my first hipothesis here... cheers Walter.

Here I attach the indicators I am using, they are all free and published on open forums specialized in mt4 ... The Hull averages where done by Igor from forex-tsd forum, he has some nice aproach with this averages but I think his timing method lags too much... any way the hull average its been posted by him... the RSX is posted in the same forum by the administrator... So far inputs go like this : Megatrend (large hull) 200 Signal line (small hull ) 25 JRSX (RSX) 8 If indicators dont work please tell me , cheers Walter. Indicators.zip

Thanks for your support guys ¡¡ I know this will be a nice journey ahead, lots to interact and to grow, I am very excited with this... I envisage great results thru this model of collaboration... I now attach an image that looks like an icon... it is a great morfology that its present in the market over and over and over and over and over and over again... ok ? should we find a name for it...

Ok, lets go nuts with a second Idea here... and this is a very classic trade no brainer, but can make a consistent disciplined trader a succesfull one... thats with the "trend trade" the interesting diference here relies on the fact that the Hull large average can work as a terrific Dynamic S&R level... The secuence would be like this : 1rst Small hull crosses large hull and travels 2nd Pull to the large hull with test 3rd Rejection (bounce) from the large hull ( here timing can also be done with RSX oscillator ) Simple but powerfull strategy... goes with the trend very easy to spot... cheers Walter.

Ok, I have to make something clear here, dont want to get misunderstood... The RRR of the overall sistem should be a minimum of 1:1.5 now, when I say I want to make 5 pips per day, sometimes that means I probably made +25 -20 on a hard day....ok ? or made +10 -5 on a medium day... or made +5 right away on an easy day... So I dont say I am going for 5 pips on a trade... I am saying I go for 5 pips in the universe of this entire day... be it the easy or the hard way... I dont know if you can grasp the concept... but it is concept that once you understand it you will feel very light on the pressure you have for your targets... IF there is momentum I will stay inside even +30 pips... absolutely, but the fact that just about everyday there are movements of 30 pips will not make my trading plan aim to make 30 pips per day, because that would be unrealistic... Having very small targets for the day its a nice way to be more selective about wich trades you take... if you aim too much you will most probably overtrade in the anxiety of getting your super daily target... So daily targets its NOT sinounimos of trade target... cheers Walter.

I want to make clear how I did manage my stop today on my first trade, and that was as I entered the trade with a +50 level cross, the crossing on oposite direction was a clear stop... (period). Discipline here is my best friend... cheers Walter.

I want to post here some charts of why today there where no more flips on YM.... As you all know a flip is formed by 5 simple steps: (to open position) 1rts Outerband Pivot Formation 2nd Creation of S&R level 3rd Break of that S&R Level 4th Pullback to the level 5th Timing entry of flip On the cases I attach from this sleepy evening you can notice that on several ocations we did form step 1 and 2 but did not get step 3... On other ocations we got a very weak step 3 and step 4 would invalidate the entire setup as they would get too deep from S&R level... This is what monitoring flips on real time its all about... you get lots of preparations that finish on nothing.... others, they get all the way thru and get as sweet as they can... cheers Walter.

This other chart is earlier... Entry happens at 44 minutes since london session started, you can see a very good time of the day to build up momentum... that trade was good for 15 pips... cheers Walter.

So the obvious very first Idea comes arround a new breed of "flip" trade for forex... that would be a very first idea... there are more to come.. I am working with some interesting indicators here... on the price pane I have 2 Hull moving averages one is 25 and the other is 200... nice smooth gentle averages, they have a lot to talk by themself... they talk about trend as they talk about dynamic S&R levels... they talk about entry and exits crosses with the bars.... they talk about momentum... an so on... On the indicator pane I have a Jurik Rsi ¡¡ RSX 8... ahahahahaaaaa... this is a NICE indicator indeed... why? smooth at the same time leads... clear and straight forward reading... an many other advantages he has... So I attach this first chart showing our classic flip but more adapted to forex and with a more easy reading going on... cheers Walter.