walterw

I will try some Market Profile with my wife jejeje.... no well I do trade the first 90 minutes and out... profitable or not... then I spend 2 hours of home work at night... no need for more, I try to get out of the market with U$ 60 per contract session...(6 er ticks) that is 300 weekly... on aprox 30 contracts , it makes a good living and some times I get out before this 90 minutes... mostly if I stay and keep trading I start giving back my gains... I am very used to trade on strength conditions... er shows nice technical patterns on this first and a half hour, later it normally becomes very hard to be profitable... range gets to narrow for any argument... thought I am actually looking at coil breaks at lunch hours and they do quite nice job on their continuations... any way I paper trade that, prefer the real thing early on the session... cheers Walter. pD: some way to deal with stress is trading only one argument... if you come to the market with more than one argument you can get very stressed because some times this arguments can get opposed between them and you dont know what to trade... one argument, one type of trade, small expectations for the day, let the flow run with you, dont tell the market what to do, follow him.... put some birds music on background, think positive... enjoy¡¡¡ trading must be a nice experience.... and if you have a personal real problem:confused: Dont trade...

I can understand what you mean Soul with this screentime on tape reading and that it pays back to do it... my experience is very similar but with a rare 3 Tick chart... this small timeframe allows you to "feel" the market at very key levels... I got good on feeling the velocity of this fast chart... and you can sense when the market is Stuck or when its flowing... some kind of tape reading on a chart... thought the information its obvious different but I am convinced that a succesfull trader comes out off feeling the market... and there are a series off tools that can let you "feel" the market... similar to pit sqwak audio.... any technical argument gets confirmed by this strong feeling of whats happening.... thougt its hard at the begining but it pays off later... cheers Walter.

Hello Again dear fellow traders ¡¡ I want to share with you some more classic stuff (nothing new) that I am enjoying to trade on this days.... I would like to hear your feedback and possible enhancements to this very simple but winner technique... As you all know, market tends to build coils during "resting" periods.... after this "resting" is over, coils get break and normally market tends to get trending... so coil breaks show a potencial change of mood in the market... Now trading the break itself its not wise, because there are a lot off false breaks that result only on a range expansion of this coils... so what I am looking at is too see the breaking fact happen and after the fact get in on a continuation of this break... I attach some examples... we can get on details later on the thread... cheers Walter.

Pivotprofiler : My personal experience actually its a 50/50 performance on my technical aproach.... every 10 trades I normally get stopped 5 off them and the other 5 are succesfull, what keeps me alive and growing its that I am having quite tight stops "in the argument" and long lived trails that give me a very nice positive difference... I could still even have more stops and still be positive... the key is taking trades that will risk 1/4 off your normal positive trail average... if you dont have that RRR in view... I prefer not to take the trade... To establish this "potencials" I use S&R type studies... The truth is that very few good trades make me succesfull... the rest are just part off the promediating game... the most hard part for newbies its the psicological toll this takes... cheers Walter.

MseTrap, can you share some images of your trading technique with your indicators ? are you counter or trendwise trader ?.... do you trade Russell ? cheers Walter.

Well yes Msetrap, it also happens to me that I normally make very good money on the first two hours and if I keep trading after that, most of the times I end giving back gains... it takes lots of experience to deal with a sleepy market... Tingull could you expand on does 50% fibonacci retracements at lunch hour ? I mostly look for some coil breakouts at this time of the day, but there is 50/50 false breakouts... so it gets hard to be consistent at lunch time... at least myself....:o I normally take a deep on my swiming pool after this two hours.... its more healthy for my pocket:cool: cheers Walter.

About the best time of the day to trade 34 ema rejections.... would be nice to make some stats about at wich time of the trading day this has the best performance.... so far seems like the first 2 hours of trading are the most reliable... then market gets tricky...

Oh yes Tingull W is in all parts of nature jejejejeje its like fibonacci numbers ¡¡¡ trade well... cheers Walter.

Great stuff Tingull ¡¡ one thing I will like to call your atention worth more analisis is on the fact that when you are at the 34 ema area ready to get a reject trade there are clear M `s and W`s patterns being formed.... sounds like market needs to do this types of "come and go" before rejecting the 34 ema... this delta indicator you use, shows it very clear... would be nice if we could understand why does the market do this and exploid the best spot to make an entry on this pattern too... I attach some examples on this pattern... cheers Walter.

I add another example on the scales 110T / 22T it seems like there is more amount of opportunities on this timeframe.... also stops are not that far away... thought objectives are also smaller... Thanks Tingull for inspiration... you are good generous people... cheers Walter.

The angle of 34 ema is being thougt by woodie and gb007 at woodiescciclub... now what happens some times is that this angle gets flat during the exact pullback (test) and then it becomes steep again as it continues the trend to evolve... one thing I like is to put both 34 and 50 emas and if they are enough apart one from each other it means good momentum... some other tecnique I use to take the trade is using a 1/5 scale chart (ej: 233T / 47T )(Drummond concepts) and use some average croosovers on the smaller time frame where I can see more decompressed data to take the exact spot for the trade, If you only look at the 233T chart its hard to find the best spot on so compressed data, and it makes dificult to establish a competitive stop... I attach example of both scales working.... cheers Walter.

Well Tingull , 34 and 50 emas are great dynamic S&R Levels... In my experience it has a 50/50 performance wich its ok... the key is having tight stops and long trails... so you have a RRR that will work on that performance ... if you are good detecting trending conditions vs cycling you can get up to a 60/40 performance ... it is a simple strategy and you can get good at it... nice thread indeed...

ok now I understand what happenned... I saw a post from him on technical trading... at "your favorite indicators" did not have any more link... thanks Soul for keeping the forum clean... I think there should be also some filtering criteria to violent and unrespectfull responses as "scalptrader" did to my thread at "my entry vs my stop vs my exit"... I dont think we need to be unrespectfull if we dont share the same technicall criteria... the thread is purely technicall and deserves respect as any other thread...

Now in continuation to this I add the tradestation indicators that I use to find this pullback trades... I must remind that I take this trades at "key Levels" they can be Dynamic (bands) or fixed (mp levels, pivots, fibonnacci etc) as expressed on previous posts... enjoy, cheers Walter. PULLBACK TRADES.ELD

Some more examples using 22T chart.... I might say that it looks easy but it takes a lot of screen time to master it...

Ok, so I am back for some more Technical Analysis.... this is in relation to M trades... maybe we could rename them as pullback trades, because this trade actually pretends to pullback to the triggers in order to take the trade at this "sweet RRR spot"... I attach again some examples of this trade... let me recap the entry secuence: _1rst we cross the triggers (blue /red lines) _2nd we pullback to them... (entry area) _3rd Stop is above/below triggers and _4th our trail is the triggers until we crooss them again...

Yes CT, when I share my new strategy I probably will share tradestation indicators too... cheers Walter.

Thanks Soul for the feedback... actually the posted chart is from NQ so its not too much of a break on that future... I will try to expand on this retest strategy topic on my old thread my entry vs my stop vs my exit ... this could be a much easier way to detect M`s that what I presented (and use) with the triggerlines... cheers Walter.

Well cfrn, I am pleased to hear from you, Thought we are not supossed to make any religious commentaries on this forum but I think I am free to express that I am from your same christian belief... As to the 3T chart... you can use it or not... its just an increment on your visual perception of whats happenning inside the futures price action... some people prefer not to see to much whats happening in that "noise" inside... The true pattern I discuss here is the M pattern wich gives you an excellent RRR and it responds to a great reality that the market is most of the time in a cyclic performance (80%) more than a trending performance... so in that cyclic performance M`s come on the way to give you multiple oportunities to trade... One of the ways to detect this M`s is with the "triggers" red/blue lines, they are a Linear Regresion Curve (or Least square Moving average) 20 and a signal exponential average 5 of the previous one... all this in a 110T chart... now I traslate this to a 3T with this parameters: 740/185 so you got an indicator from 110T in a chart of 3T.... dont need to be looking at a 110T chart... In previous posts from this thread you can see how I look for M`s with this lines... on the other hand I am developing an easier way to trade this M`s and just using a 22T chart that I will share soon on this same thread... cheers Walter.

Soultrader, I like your explanation on the entry secuence at 98 after the small violation of 00 level... I think this entry method you are showing could be very well used on false breakouts... (m types) that I use where there is a small violation of the previous pivot level and coming back to it and making this small swing down could trigger a good RRR entry... I want to share a chart and would like to hear your feedback on it... thanks Walter.

Thanks Soultrader Excellent stuff... other question I have is : how do you exit your trades... I notice you use some fixed objectives as 10 points... could you expand a little bit on this....

Soultrader, can you explain a little more on this "psicological 00 levels" ? looks very interesting the fenomena... thanks. Walter.

well this is not good... I also do trade YM... think that we will need a couple of normal days of data to get back to reliable technical infomation...

Torero: cyan and yellow are derived from 22T speed and red/blue averages are derived from 110T... in the above example I trailed the long trade till I croosed the blue lines ( exit)... on the second short... its still open below the red lines.... M`s are formed with the cyan/yellow from key areas... whatever you like most... (fixed or dynamic) at the "triggers" blue/red.... then once in the trade your stop is tight below the triggers... and your trail is long... with triggers... your risk is on a 22T speed universe, your reward is on a 110T universe... but you only look at one 3T chart... Reasons for 3T chart : I actually read the tape with that speed universe... you can feel when its flowing or not.... it takes a lot of screentime to understand the benefits of using this scale... but russell demands it... it has a very wide range and great volatility... you need to see what is happening really... thanks for interacting... do you speek spanish ? I am from Argentina... cheers Walter.

this is what a 3T chart can do for you... with 110T indicators...