PYenner

Should have said this is a double burn move, like icon. First the bears get burned with a counter trend. Then the bulls get burned by a fast reversal at the top. Nice $ for the bank. But it tends to confirm that the original trend is solid, you know what I'm saying already hehe.

Walter A few days back you posted a pix of a fast reversal in 5min that "turbo" was too slow to give you a good entry price on. Well I just saw it happen in GBPJPY where I know what it means on this occasion at least, likely to be the top price for some time to come. Maybe if you see it happen on 5 min, remember to look back later to see if it marked a high. I took entries based on my system and doubled up when VMA gave supporting signals. Waited to see if AudUsd would do the same fast turn but it seemed more normal. Four demo trades, $500 and just started...hehe See if I get egg on my face... Hard to think straight with new stuff happening.

Should have said that London open Tues or Weds sometimes sees a big move for the week.

Walter GBPJPY has passed a recent historical low and approaches another one. There is the chance of a big rise trend happening and AudUsd will surely go up if that happens. Somehow I think more down is likely, but it could be mixed up or it could be a thrust through the barrier. Maybe boring, maybe hot. Anyway, have you told Dr J about your thing with bananas and your dislike for pineapples yet....? How do you feel about dates and olives then?

Yes, the icon is there on multiple scales and time frames. Different approaches may suit different market conditions. Fx can be very unfriendly, it can also be very friendly. When they say the trend is your friend, they aint kidding. You got good eyes Walter, nice vid. So first I spam the trade thread with techie stuff. Now we both spam the tech thread with trades.... How about a Greek island in the Med, nice clear blue water?

Gee just a simple thing like selling the peak, right after it has dropped down to green on 5 min is working at the moment, how easy is that? Helps if there is a trend, then its just fall, HE, fall, HE, fall....

Hey Walter Instead of buying a coconut island in the Pacific, how about aiming a bit higher? Like Aus is the smallest continent and they grow pineapples there too hehe

There are at least two ways ADX to VMA might be done better, but I don't know if the difference will be obvious for the trader. I would like to do them anyway just to get things optimized. Can't say yet. I hope the first of these will make a visible difference.

Times and prices are there but I wasn't being too fussy on the demo account.

On the other hand, just saw the Aud bulls get barBQ'd, 5min chart is like 40pips in 15 min, just 3 bars. 54 pips from a Walter entry. Thank you Walter.

Walter Your Icon entry system is brilliant, about as good as it gets.

Noticing AusUsd tends to be bull during Aus open, while other prices are falling, AusUsd seems to be trying to swim against the tide. So Aus open might be the better time to buy AusUsd if other prices are rising (eg GbpJpy), and after Aus hours might be better for shorts if other pairs are falling. Not sure what to think yet.

Forex tends to trend upward for long periods. But at the top of the market it can go sideways for a month or 3. Falls used to be sharper and briefer. The last few months have not been typical of the last few years. Uncertainty has replaced confidence for GBP.

Some weeks magenta behaves like an HE, all you get to trade is swings about magenta. On an outswing, magenta gets dragged or laddered to a new HE, then you go back to swing again.

In a sense, every trade is part of an outswing or an inswing on the longer picture.

Scaled it down 4x coz it was too darn big. But you asked for it...

1 hr chart showing 3 weeks view. Look at the stretch you get on some days. Nice days to ride a return back towards the magenta line.

Nice one Walter. Currently the 100 ema line needs 100 bars of chart history and 200 would need 200 bars which uses a lot more resources than are justified. May be able to get similar results from a less resource-hungry approach. If you think the 200 line would be useful to have, let me know. And yes, I was experimenting at using just the 1min for scalping at times when the 5min says to stay out. Thats me learning things the hard way over and over, bone headed. Sometimes there is a good strong go signal from the yellow line at the start of a ladder but it still may not mean much if the 5min has no trend. Also I think the ADX front end can do a slighly better job at finding the trend but still got bugs to fix in that program. So there are possible VMA4, 5 and 6 in the works already, just don't know yet how much difference they might make.

Gee just realized it may be easy to add in secondary VMA lines, slower ones, just by putting them in the template file, hell that would be so much easier than having to do extra coding for them, Duhhh.

I like the way yellow leads black, gives a good trend confirmation, yellow below black=fall, yellow above black=rise, so when yellow meets black time to close or reverse?? But the whipsaw thing, how do you know beforehand that a short is going to lack momentum and go nowhere? Now it would be nice to have some indication of which trades will not be so good. Was trying to demo trade this messy stuff and getting mixed results because it is mixed up stuff in that whipsaw area. By the way I put internal limiting in VMA3 so if you put in 64-10 all you get is the maximum 8-8, maybe I was too conservative using 8-8 but that looked like being enough to get HEs about as long as VMA1. The last two settings numbers are used by the template file to send ema numbers for each of the fantail lines. So when you are running VMA3 without a template, using x-y-2-1 will give you the position of the second line in the fantail, x-y-4-1 gives the third line, the dark green line is like x-y-26-1 I think and x-y-100-1 should be the end of the rainbow, magenta line.

Yes it would be nice to find something like that and the only way to find it is to spend time trying things out. Got a feeling that some more vma lines in there near the price might be more useful than the yellow ema lines currently are. Gee the fantails look nice when you get a bunch of them up on the screen.

Maybe you can talk Dr J into switching to trading forex too... big party..

FantailVMA3 Maybe it will behave itself this time. Luck. FantailVMA3.mq4 FantailVMA3.tpl

FantailVMA2 is a pup. #--------------# Got it wrong again...so the files have been removed. The fantail defaults to Close price at the live end of a chart. This is the iMAOnArray function being dis-functional. Had no live charts to test it on over the weekend. Sorry to the 12 who DL'd a pup. Will get VMA3 out asap.<sigh>

Z trade You can write your own indicator to display prices from one pair onto another chart or say show a 5min bollinger on a 1 min chart. But the catch is that you have to have both charts open in order to access the market feed for the other chart. So you can end up with 10 charts for each of 3 time frames = 30 charts = slow platform. The programmable indicators are their edge for flexibility and there are forums were that stuff gets shared. But yes MT4 has limitations. You cant run indicators in the tick chart, 1min is fastest chart, when one chart is getting data from a chart for another pair the data only comes through when the other pair has a tick, then it has to wait for a tick on the main chart before it gets processed and displayed, so there can be time delays being a pest. It really depends on what you want to do, maybe MT4 will be good, maybe bad and you find out the hard way by wasting time. MT4 will also send the market feed to Excel, so there you might be less restricted by the limitations of any proprietory platform. Do your own thing maybe. MT4 is the only one I have used so I am short of things to compare it to. Sometimes it is frustrating.