walterw

Well he probably needs to grow on the volume psicological barrier... trading volume demands certain psicological preparation, but if his method its good enough, he should be able to grow quite fast to a 50 contract level... on ES you can trade much more Paul... its just on your mind the hability to manage larger orders or not... cheers Walter.

MC, can you show us some charts of various days with this up and down volume compared and some index below so we can see some performance of this aproach... looks very nice... makes a lot of sense... having too similar volumes would call for a choppy day, same its the oposite... cheers Walter.

Nice method to measure market climate... very nice... once again proxy data giving very good insight into whats going on... cheers Walter.

well 60 to 95 dollars "per contract" will make it... you can trade 50 contracts very confortable on YM... so that will make you 3000 to 4750 per day... could that be enough ? cheers Walter.

Nice nice nice ¡¡ you see what I mean, strong against weak currencies themselfs, forming a good potential pair.... nice excell stuff, I asume you also feed that with metatrader ? about the time frames I always end on the scalper style, and still its interesting to see how this techniques still work even on this very small universes... As usual, its a priviledge and a pleasure to interact with an analist of your level as you are... and as usual ENJOY that pipastic Z ¡¡ cheers, The Chimp.

Ok, this is the other alternative I am looking at, using 180 settings on the fxmultimaps... it shows a longer term reading... seems its more robust for trend determination... cheers Walter.

Ok, before starting a new thread on the scalping method I am about to show , I will recap on how this indicators can be interpreted... You basicly have 3 histograms : Combo, top, bottom... when the three are the same color you have a nice healthy trend going on, I will be at this time only focusing in that reading... (trend) there can be so many other uses like divergences, etc... but I will only focus on the trend definition this indicator gives, wich is : 3 histograms of the same color. simple as that.. some actual chart : cheers Walter.

Sweet short EJ ¡¡ very pipastic as usual ... yes I will start a thread, I am sorry for hijacking this one, basicly I think I wanted to add the market climate consideration previous to the 5 tick setup... so the 5 tick setup is a cycle counter setup, so in order to work you must have a cycle consolidation climate... cheers Walter.

And the scalpers version of Bernies momentum efect... aint that nice... gotta love Bernie... he normally injects some nice momentum climate... cheers Walter.

and when the weakness is gone my fxmm 30 starts to make nice divergence... that means we will probably refresh back to mid band... cheers Walter.

and Bernies aftermath... cheers, The Chimp.

For example, take a look at a forex chart right now, you will notice some congestion on the eur/usd.... at 8:15 PM bernie will speak, and most probably the climate will become trend and momentum...

As all setups, they will work 50/50 depending on market climate (congestion/trending) , thats why understanding market climate is the key skill to any trader... cheers Walter.

We will get there Blow, I need a 30 hour day here, I am just so busy lately... but so far this week this aproach has worked like a charm... let me see if I can post on the weekend... cheers Walter.

Hi COT, can you create a new thread explaining your aproach, that would be very nice to learn... thanks Walter.

200 cci readings "may" mean exhaustion as his aproach is ... but you may be cautios as it may also mean momentum... the method is nice and clean, its countertrend... ideal on cycle days climate... the play is refreshing back to the mid band... I would add to it a false break setup (M type) to make it a little more robust...my 2 cents. cheers Walter.

good good... the chimp will fire some bananas ¡¡ jejeje... I will start a thread tomorrow with one of the setups I beleive its the easiest to trade this... In terms of realism the chimp will try to keep things as real as posible.... but please allow him to show how this simple stuff works, even wih this "non reliable data" jejeje cheers Walter.

Its interesting, I still did not show anything yet here... I would aprecciate your scepticism once the strategy is presented and you can validate the fact that the data and tool its so bad... I personally would not waste my time doing this and sharing my knowledge if this tool was so bogus... I personally do beleive it works because it simply does, so for the sake of keeping educational this thread I will apreciate if we can get into the topic of how this works and not into the prejudice of how it doesnt.... I understand all the theory GJ presented, I am not new to all this info he presents, what I believe is that certain aspects of statistics are hard to understand some times... even when some theoretical asumptions may make sense, some times on the practice they simply dont.. When I mentioned vwaps on forex seems like its not reliable data, well the fact is some times, small samples of proxy data can be sometimes even more powerfull than true factic data, this happens a lot on internals... many are proxy data and work better than true factic data... I dont take GJ comments lighter, I just want to present how this "unreliable data tool" as your comments are does work... cheers Walter.

There are several Inter-Currency analisis tools out there... but so far no one of them get near to what TG does... lol.

So I presented so far this 3 histograms that show us the condition of a currency in relation to several other currencies... If we have oposite performance in the currencies that conform a pair we may expect trending action... if they are not contrasted we may expect congestion action... As the third histogram (BOTTOM) is inverted color, then we will expect to see all histograms on the same color for contrasted trend action... if colors are mixed, we know they are not contrasted so we may expect congestion action... I already presented 3 posible interpretations of this histograms : 1_ All the same color= Trend Setups 2_ After trend moves, Divergences forming (Subsiding Strength/weakness)= Posible Counter setups 3_ Oposite colors = Nothing to do, no oposite strength /weakness , posible congestion action. So from the 3 alternatives I will focus at this time on the first one... All the same color = Trend setups When the 3 histograms have the same color, we clearly know that one currency is strong in relation to other currencies and the other is weak in relation to the other currencies... so being opposed on their performance in the market could give us a clear hint that we will have some trending action... So from here on I will focus in presenting some posible "Trend Trades" with the FXMM context being used... There can be several diferent strategies in terms of trend trades, depending on how much scalping or day trading you actually want to do... so for the sake of simplicity I will open 2 new threads where in one I will present a scalping strategy and on the second one it will also be a scalping strategy as well, but a little more larger... cheers Walter.

Nice chart Kiwi ¡¡ certainly nice.

Ok GJ, I think you made your point, now relax and enjoy the show... As I always say, lets keep it educational and also I would suggest not getting into any competition here as to who is wrong or right, likes or not... I will start showing how this performs, and how it may be used... cheers Walter.

Its hard to ignore this charts... be it with tick or watever volume calculation... they do perform.... lol cheers Walter.

good GJ... but charts talk for themselfs, its like love, sometimes you just dont understand it.... cheers Walter.

No need for precise volume data... this is not vsa or volume analisis... technicals on this stuff I am presenting work pretty well as you are actually looking if a currency is performing well or not in relation to others... some will like it, others not... not a problem, I will keep explaining tomorrow some strategies to trade with using this tools. cheers Walter.