walterw

Hello my dear fellow traders ¡¡ it has been a wonderfull weekend to forget about the markets, clean up the mind and start a nice new fresh week ¡¡¡ So far today was a quiet day... but a nice little "clear" flip made me 70 dollars per contract minus funny comissions from my beloved broker... At this point I am ONLY looking for "momentum flips"... wich means the first pivot that forms the flip its at the outerband level... You have a nice "flip" to share ?, feel free to post here... cheers Walter.

Thanks Cooter for posting Justin`s chart, here in Argentina megaupload doesnt work... so Justin for next charts should you consider changing extension like cooters instruction above.... About your chart Justin, on the first case it really looks like a coil break type flip... when you have a level "super validated" wich means lots of testing of the same level... (resistance or support) then when we break the flip will be more robust as it happened.... nice chart Justin, thanks for interacting...cheers Walter.

Thanks Idax for your kind words... feel free to share some of your 2 min charts here... In terms of context I dont know if you noticed how "flip" has evolved to "momentum flip" wich puts all trades on a potential momentum context... that has simplified the way to find the flips that offer more potencial, and that normally is travelling outside the keltner outerbands... cheers Walter.

neustaju : havent been able to see your chart, should you check this instructions for posting charts http://www.traderslaboratory.com/forums/f30/how-post-chart-properly-805.html#post11516 in terms of time frames as you mention above, there are diferent type of traders, you have scalpers, daytraders, swingtraders and long term traders to mention a few... they are all diferent breeds, think that really responds to the personality of the individual, some are patient to be long term traders other like instant gratification like a scalper... some are confident overnight, others we have the 9/11 scars and like too sleep flat at night, the nice thing is that this aproach can be used by any of them, as it can be valid on any time frame... please try to post your chart here so we can all learn from it... cheers Walter.

Wow Don ¡¡¡ Great Flips there ¡¡¡ and very nice momentum on forex... as you had bars clean outside the black keltner, keeping a runner until the white keltner cross could be considered... I like to see how forex its so respectfull too the S&R levels... sounds like banks trade a lot looking at S&R levels... feel free to keep posting on here your flips ¡¡ I would love to expand my vision to forex... thanks for posting Don ¡¡¡ its very encouraging to see some others views... cheers Walter.

yes Italian I would go here : Caribbean Luxury Resorts, Villas & Spas | Little Dix Bay | British Virgin Islands Weddings it would certainly boost my trading performance for next week jejeje.... cheers Walter.

Hello Fellow traders ¡¡ today is may 25 holiday in Argentina ... today we had a small but decent flip that gave me 80 dollars per contract, today I timed my trade with the averages Least square mov av 6 (yellow) and simple mov av 7 (light grey)... as the market was making new days high with very little enthusiasm (velocity) I did not keep any runner and closed entire position at the averages crossover... for today I am done, will make a good asado and take a nice siesta then go to the movies... hope you guys enjoy the weekend and clear your minds... think positive¡¡¡ see you all tuesday... cheers Walter.

Friday 25 we have April Existing Home Sales at 10:00 am NYT so I would expect some momentum arround the news.... maybe after that we go and take a siesta... cheers Walter.

If you have a "SUPER COIL" wich means its laaaarge coil.... when you have a break, you may want to enter on the break .... When you have a "NORMAL COIL" wich means normal size... you dont want to enter on the break, but on the pullback continuation... I atach an explanition of the two types of pullbacks you may have after a break... one is outside the coil, other is inside the coil... if its outside it will be very similar to a "flip" concept... if its inside the ideal pullback should not cross the midle level of the coil thus showing weakness, and for timing you can take the trade with a cci 0 line cross OR you can take the second break wich most probably will have success... Coil Breaks respond to the intrinsic concept of contraction and expansion of the market conditions... Market its similar too a lung... it gets air (expansion) losses air (contraction)... thats why you can expect after a very large contraction to get a very nice expansion... Whats the worst scenario on a coil break trade.... well going from coil to coil... very dull market... he just doesnt want to take off... in that case you want to close your trade, take your cat and go to the park... tomorrow there will be plenty more trades... cheers Walter.

Hi Mkp... how was your trading today ? , nice chart... I like the distance of small emas with ema 200 calling for momentum.. I think cci slingshot is more reliable than this fast stoch, they can eventually make you overtrade (to many signals)... for trend determination B line vs cci 50 I would prefer cci 50... ( less divergence ) you should avoid multicolinear analisis... if one tool does the job ( say trend, timing, etc) just stick to that one only and make a cleaner chart too.... did you change your chart from 55 T to 550 T ?... nice job mkp ¡¡¡ keep it up cheers Walter.

And finishing the day another one... in this case timing with cci... cheers Walter.

My opinion is this : they are very good traders with sound concepts some of their own other borrowed, and they have a vocation to teach and relate with people (its a life style), at the same time make some more money... no sin... I learned a lot from them thought their entries are kinda late... would suggest them try some cci entries jejejeje I personally like how they teach internals... thought actually I am not using them... cheers Walter.

Today there was a nice small coil break I followed on real time, didnt trade it... just observation... I liked how it performed on the second break... there was great velocity on that second break confirming we where heading south.... cheers Walter.

Today may 24 a momentum day thanks to news... 2 "momentum flips" also... the first one gave entry right on the news release, reason I didnt take it lol :mad:... the second one was very nice one but exit was triggered to soon for runner .... not exactly a happy day for me... any way flips did work.... cheers Walter.

I atach your chart with a "flip" optic... cheers Walter.

Hi Don, I dont know if you are following our "flip" aproach, but I see on your chart a lot of flips there that could have delivered very nice trades.... sounds like forex is very respectfull to S&R levels... cheers Walter.

Mkp : would you consider on this super momentum conditions (small emas far from 200 ema ) taking a SS slingshot ? would had been cool ha... cheers Walter.

Mkp : I see you have a combo of setups... wich one (setup) do you feel more confortable with ? thanks Walter.

nice trades there mkp... so far I see 1rst and 2nd trade are TTM_5014 slingshot setup trade... I asume 3rd trade would be a complete diferent setup...

Today may 23... there are lots of flips, but I am only taking the "Momentum Flips" wich have their first pivot on the outerband area.... so far today we had a nice flip to the upside... cheers Walter.

I see you made it countertrend in relation to the 200 ema...

thanks Bakrob for that.... cheers Walter.

Glad to help mkp... now tell me, what would be the exact entry criteria there, wich indicator will be king to give you the entry...? I like your stoch crossing back up that 20 line... at least on this ocassion...

Hello fellow traders.... today may 22 flips where nice and gentle to trade... the day started on a very cycle fashion... as I am trying only to take flips that come from an outerband pivot to have some momentum It took some time on the day to get that hapened... First chart show a nice clean flip... second shows a stop followed by a second attempt that worked ok... so far so good... timing could be done with cci or with averages crossovers.... cheers Walter.

would someone share this eld... ?