walterw

I personally on the morning read the Bible and meditate on it, also pray.. after trading I do long Park Walks by the lake...(very relaxing, lots of trees an oxigen there) at night I always try to see some funny movie... cheers Walter.

Oh yes, its a very interesting topic and I would love to learn more.... thanks Walter.

yes correct, calling it smart money may be a little tricky, because maybe that super volume spike was the dumb and uninformed money that bought there... I think here Volume divergences its what counts, is it ?

Hi Tasuki, I am not much versed on VSA and I expect to see what the experts have to respond here, but I see a very nice VSA setup there as price keeps going up with less volume wich I understand so far that means no demand... correct me if I am wrong.... cheers Walter.

Very good Z trade ¡¡ I see you are doing pretty good there, My question here : did you take the trade with the turbo crossing -100... ? because that could be considered agressive.. any way very nice trade ¡¡ On my case today I did not take the globex outerband pivot into consideration... but the first outerband pivot already on the trading session... In this first trade the scalper exit was triggered to early... On the other trades I notice runners havent been that happy, closing entire position on scalper exit would had been more rentable... when there is no momentum build up, runners are no good bussiness, now if you close entire position on scalper exit and you get a momentum build up you leave money on the table... so here there could be some discretionary considertaions as to the time of the day and the potential of building or not momentum... notice how today on the first hour we DID build up momentum, afterwards making scalp exits was the best... keep posting, and let the interaction continue... cheers Walter.

From the very begining my intuition told me that you Janice did not come to our forum to sell us anything... I know that you know that our forum is unique, we have a very special "spirit" being thought by Soul here that has created a unique habitat here and the experience of interacting here at TL is life/trading changing... I know you will give us a lot, but i am sure you will also grow with us... I even challenge you as a trader to feel free to interact even on our technicall arena... I know you are also a trader, so feel free to give and receive not only on the psichological topics but also on the technicall ones... here we have old seasoned traders with great experience and open mind to new evolutions as newbies with a great freshness and incredible inputs... so thanks for being here, feel at home... we are people from all parts of the world, Japan, Argentina, Usa, Australia, UK, Spain to name a few... from here to some time maybe we will make a great meeting in Tokio with Soul... making new friends from all over the world... Welcome Janice, and God bless you... cheers Walter.

Thanks Don, I think the flip trade its getting more clear to me at this stage... all its potential ,the good and bad aspects are showing their entire faces.. Kinda getting more stable on it... there is obviously more work to do, but the bases are clearly there... Well next week then we will have some more forex flips... I like your charts... I already installed metatrader on my pc and created some charts exactly like yours, anyway today didnt look at them, YM kept me the entire session working... Any way Don, if you want to post flips from historical data, feel free to do it, it always has a great educational value in order to internalize the concepts in the mind... good luck on work... cheers Walter

HI Steph, welcome aboard ¡¡ nice chart you got there... My inputs here : Your fist short to be a flip would need a previous pivot working as support on that level, so now it may become (after the break and pullback) resistance for a flip... Your second short its a flip... you had a previous support pivot that defined the level, then you had a break and pullback to the level to have a flip... On the same level of your second short you could had taken another flip as the level still is working as resistance... Now, the "momentum flip" is the one that takes into consideration ONLY the pivots that are formed on the outerband levels to create the entire setup, from there on (see example) you expect a break of the level, then a pullback to the level and then the flip itself (bounce of level)... this "momentum flip" can have the edge of a momentum build up... in this thread I explain this potential from the keltners levels centrifugal action http://www.traderslaboratory.com/forums/f34/momentum-vs-non-momentum-1763.html always momentum will show its face outside keltner... and normally cyclical and congestion action is expressed inside keltner, thats why we try to take flips on this extreme setups of the outerbands in order to have such potenciall momentum development.... sometimes it shows up, other times it simply doesnt.... Very nice job Steph, please keep interacting... cheers Walter.

Don, it was sensational ¡¡ I dont know if it was the day or if we are getting better to see more trades, how was forex my friend ?

Yes Ztrade, I noticed that zlr type entries some times are dificult to read because the reading is based on the change of the indicators slope.... but having a cross is more easy to read... in this case I notice that with the turbo you get a very good timing of the zlr thru a 0 line cross reading wich is much easier... Thanks Ztrade for interacting.... cheers Walter.

What a day today... more flips... cheers Walter.

OK I went wild today with flips... ¡¡ look at this flips... I attach timing with 55 T and also on 22 T.... Evolution can some times be fast... I added the 0 line to ergodic oscillator on 22 T chart for timing puposes (experimental)... crossing 0 would signal a more robust entry and re-cross would signal a quite competitive scalper exit... even as they are not perfect flips... 22T timing did a very decent job... cheers Walter.

Thanks Cooter for your generosity.... and Doc for such great input there, this thread rocks ¡¡¡ very great edge on this inputs Doc... I think I will start to consider even this topic on some personall issues I am going thru... great inputs ¡¡ thanks again... and thanks again... Walter.

Ok, on previous post I refreshed the concept of a perfect pitch "flip" ... Remember this : I consider it perfect when it tests the level and it doesnt get much inside the level... Now I want to introduce how I do my "very specific" timing on a 22 Tick chart... I only aplly it if I have an "ideal flip" otherwise timing is done on the 55T chart as posted so far... The idea of using this specific timing its really to have a very accurate entry and a very accurate scalper exit... runner exits are timed on the 55 Tick chart. The indicators on the YM 22T chart are as follow: keltner 250 exponential 1.6 /4 atr , Least square mov average 25 and the oscillator is an Ergodic TSI 3/3/3/2 with levels +-60... The keltners are exactly the same as you can see on the 55Tick chart... "Very Specific" Timing entry for a short (example) is done when ergodic crosses down +60 level .... and "Very Specific" scalper exit is done when price bars cross the 25 lsma... Stop criteria would be a premature cross of the lsma against position... In the example below I closed the entire position on scalper exit as we are on lunch time and not much momentum is expected... I expect all your comments... cheers Walter. PD: Setup is monitored on the 55T chart, IF I have a perfect flip setup, when time comes to enter position and timing entry... then I watch the 22 T chart.

Let me add here some consideration about the ideal "flip"...entry, the one that its perfectly constructed... The ideal "flip" is the one that : _First, makes a pivot on the outerbands levels creating an S&R level... _Second, it breaks that S&R level... _Third, it pullbacks to the S&R level and tests the level... (without getting much far inside the level) _Fourth, it bounces off the level making a "flip"...

So far today we had a cycle market until we made a very srong break of resistance... then a "far flip" was there... two more agresive flips also worked out fine with the scalper exit, as momentum did not build runners today did not profit... Looking at Ztrade chart I liked to experiment a little help for zlr type entry using a turbo (cci 6) crossing 0 line.... Entries at -50 outperformed the ones at -100... cheers Walter.

jejeje I dont know how to spell that...

Hi Ztrade : have you considered for this zlr type entries, using the turbo (6 cci ) 0 line cross for timing ? some times zlr can get dificult to read... that turbo 0 line cross could be of some confirmation... nice trade Ztrade... about the keltners, maybe one is simple and the other exponential... cheers Walter.

Yes, its very important to find that sweet point of feeling confortable with your aproach and at the same time having a good sound aproach.... sometimes we can feel confortable with something that really its not the best at the end of the tunel... nice to interact about this topic... its not easy but having this type of topic totally under control I believe its the holly grail.. cheers Walter.

Not bad Don... My inputs here : 1rts you could exit with some profit on the scalper exit re-cross of -100 and 2nd using the +50 level exit for your runner would be an "ultimate stop" with cci crossing against you on the +50 level... I asume you used the S&R level for stop... wich is ok but pretty far... I see you could had taken a previous flip there with a zlr type timing... did you see it ? good work Don... tell me your inputs on this... I think that the exit rules should be fixed... some times they will outperform other aproaches as its true other aproaches on diferent ocations will outperform your original... the mambo starts when there is no fixed exit method... I am coming to the conclusion of using for myself a more hard/non flexible exit rules... they sometimes work like a charm other times not so nice... but on the overall experience I think the stress doesnt come from not having the desired output but worst from not having more strict rules... it creates a sensation of insecurity... and starts a futile and non ending journey to that holly grail that maybe I already have... do you have this sensations like I have ? For me as for many others EXITS topics sucks... probably sticking to an average performing rule can change that nightmare... tell me your thougts Don.. cheers Walter.

jjejej yeah... I must confess that the one on the second chart made me swet... I took it as a "far flip" on the first re-cross of +100... man he just went against me and I did not stop it... What I am thinking is to consider an M there for timing the swing of the internal M pivot OR move my entire timing entry to 50 levels (think its the easier and yet better timing than 0)... How was forex Don ? any flip there ? ... Z trade : are you trading YM ? cheers Walter.

I understand there are some softwares that scan for this type of oportunities, is some one familiar with that ?

The last flips of the session for YM.... there where some momentum situations where we could had taken some far flips.... I didnt take them with this method but papertraded on my beta... My entry on 100 levvel made me swet a little, I admit I had to take a stop there, but was positive that the trade was going to work... in that case crossing 0 would be more conservative for timing entry... Today was a hell nice flip trading day... I am also making a beta flip on a 22 T chart of YM, it rocks (only for very short moves scalpers), will soon post... cheers Walter.

Very encouraging words Tin and Doc... thanks really... I think yes its no bussiness to look backwards... sometimes I am tempted to do this, now what I notice that it is very related to some stress I am going thru on my private life, not much related to trading... And yes¡¡ I have to be happy for my achieved eurekas ¡¡... thanks again for your valuable inputs... on this isolated profession it is so nice to hear some encouraging words... So Tin you do some gardening... I asume that might be relaxing, cheers Walter.

Dog : what you did there is very similar to our flip trade... where support changed role to resistance... nice trade dog... cheers Walter.