walterw

So far my only Daytrade type setup I am willing to trade on the rest of the session its the super coil break trade, havent been trading it for a while , maybe I will start considering it... today there was a sweet super coil break... will make a thread on that... cheers Walter. and yes that kind of trade... let the wins make run.... :o:):rolleyes: nice new smilies ¡¡¡ how about this one chatterbox jejeje

Let me add my 2 cents here : one thing is the RRR on a trade, wich means that the trade has more potencial reward vs potencial risk... that has to be embeded on your technical aproach, whatever maybe... now if a trader on a portion of the day with x amount of trades has met his daily target... and ... the rest of the day for him is sinonimous of allien territory then he should be asuming that HIS session is over.... this happens for people who principally do scalping.... the scalper universe is very little, a complete session is an ocean for him... so he prefers to scalp at the lake of the first hour where he knows what fish there are there.... he is not interested to go for great sharks in the ocean where maybe he will end killed.... So this aspect of quiting trading after certain time of the day and making good profits on your land its really a matter for scalpers.... it by no means compromises his RRR vision... your trades MUST have a godd RRR embeded on the technical aproach.... thats basically how it works... at least for me cheers Walter.

Today`s first 75 minutes of session delivered this flips, the first two dont have the level rule, the third did have it but got stopped... I am experimenting also some diferent posible way of timing entries on the price pane with two Linear Reg averages 6 and 25... their crossover could give some nice decent entries... cheers Walter.

Here I add another graphic explaining the overall area concept for "flip" trades... good trading today, cheers Walter.

For a scalper as me, its fisically imposible to post my trades on real time at TL... I think that the idea its to share what I am doing and how... if I lie to you it would be a very stupid thing to do, I would not capitalize on the experience and would loose my time... this proyect should also be easy and friendly to use otherwise if it takes to much work sooner or later the posters will get tired... would suggest making it very fiendly... cheers Walter.

Here are some other examples from previous posts... that take the level rule into consideration... cheers Walter.

As the flip aproach is evolving on my analysis, observation an "yet" virtual trading... I am find a great amount of nuances to this trade... I know that when we start to add nuances "maybe" its a great oportunity to complicate things and start transforming a great idea into a great inferno... I proposed myself not to do so with flip trades, all of the contrary, the idea is to keep "flip" trades as simple as posible... I know most normal traders would share a complete finished idea of a particular trade... as I am not that normal, I took an idea and started developing it in front of the public... so you will see that "flip" may experiment some slight changes to get to the final product I would like to see here... and obviously that product should be adapted to each individual personality as they feel confortable with it... Now let me share this "nuance" that for me probably will be transformed to a "rule".... as you know the "flip" trade is formed by two clear pivots, 1rst pivot creates the level where we will have a break and later a 2nd oposite pivot forming the "flip" itself.... My nuance/rule is : "1rst Outerband Pivot , 2nd Mid Band Pivot " From now on the "Level Rule"... What I mean is that the 1rst pivot should be formed at the keltner outerband area.... then the break of the level would make us travel at some above/below level of that outerband sugesting momentum and here come the incredible mathematic and maybe geometric fenomena that when we get to the flip level to create the 2nd pivot we are right at the Mid Band... ¡¡¡ It happens over and over again... I will post you all the examples possible ahead.... but its just that way, you form the first pivot at the outerbands, then travel all the way to the mid band to make the "flip"... Whats the edge of this rule ? well maybe its the fact that on this levels we are touching momentum areas... and the flip is charged with a more dynamic market condition compared to the fact that if the outerband pivot never got broken to make a flip then the market never got any momentum at all and would be convenient not to trade on that congestion condition.... So I attach some examples from today.... cheers Walter.

I asume this will include the capacity of attaching charts ...

BackRob : I like your aproach... I challenge you to start a new thread on it an share with more details what you are doing... you will grow yourself in what you are doing and thru collaboration others will grow together with you... very nice stuff... hope you keep posting cheers Walter.

So here I post todays flips... they had left a decent performance today and must confess since flip I am following the entire session.... mmmm Would love to hear some feedback if some one is still following this simple aproach, could you share your experience some charts... etc .. also how are you dealing with exits.... cheers Walter.

The thread is from Winfred, not Walter... lol..

Brown : did you try StockConsultant.com - Technical Analysis of Stocks with stock quotes, charts, searches, screens, news and analysis of the market. ? they have some nice search criteria... also Dataview - Stock Scanner, Day Trading Software, Swing Trading Strategies, Quotes has some interesting aproach... cheers Walter.

I dont think Nison is the last resource on candlesticks... but the name of this candle varies from shooting star to inverted hammer depending where its situated in comparison to previous bar... classical candle books teach this... the reversal "power" of a shooting star happens really when she is alone on the top...

Ok Wave, so let me see, you get a SR area that is formed between two wrb one up other down, and if things go above or below that gives you a bullish or bearish bias... am I right ?

So Cooter that is a volume delta diferential ? and you applied to it an rsi.. what rsi input ? just curious... thanks Walter.

Wave : could I know what software are you using and what time frame is your posted chart ? thanks Walter.

Great analisis MX ¡¡ it really has a lot of clear evidence that we should break up uhhh ¡¡¡ that "shooting star" its really an inverted hammer, as you made prior correction on other post, to be a shooting star it should be higher than previous bar... so yes we will see what happens.... cheers Walter.

Cooter : nice chart... do you trade es?

Omran : as to my knowledge it doesnt exist such thing, and I dont know if TS could be capable of showing such information on a chart... now your idea its very very interesting, because you would combine a very sutil volume analisis with P&F... I think that such an idea would need to be developed on a stand alone aplication with external data feed compatibilty like an esignal data manager... obviously that will require a professional programmer...

Cooter : can you share a chart ? would be nice to see... thanks Walter.

In terms of indicators, they are a derivation of price... so yes they will always lag... what an indicator can do for you is what a satelital nav on your car can do when you are traveling... make your journey more easy and tell you where you are... the nav its not the road... but it shows you where you are... For example today, this outerbands tell us clearly the type of day we are having... and yes, I still dont get a decent flip ¡¡¡ there is no momentum... we cycle back and forth between bands, wich is a nice reason I am developing the "cycle" trade wich I will soon present... cheers Walter.

I personally think that a blog is constructive if the blogger will show how he took the trade with visual aid, and doing a serious auto-critic of his trades otherwise its most boring and unconstructive experience, hence so many people dont look at the blog section... if this stat will only tell you how much I made, how much I lost... but dont explain the why`s...well on the long run it will become futile...

Well thats why I like bands for momentum determination... they give you an area on the present price where we know that momentum declares itself there... so its kind of a leading indication of momentum conditions... cheers Walter.

Todays first hour of session has been a clear non-momentum climate :zzz: ... I like to see how price cant take on keltners outerbands... this is the ideal cycle scalp context... cheers Walter.

ok I see... now , is it my impression or the second "green" wave its to small ? shouldnt at least have a .38% retracement to be considered a wave ? what metrics do you use to determine a wave ? thanks Walter.