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shreem
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Everything posted by shreem
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Trading with Market Statistics X. Position Trading
shreem replied to jperl's topic in Market Profile
Hello dear Jperl, thank for your anwser. I can certainely understand that making these videos should be time consuming a lot. I think the key is to look at them over and over and one can get a very good grasp of their utility. Appreciate all your efforts very much Sincerely Shreem:) -
Trading with Market Statistics X. Position Trading
shreem replied to jperl's topic in Market Profile
Hello Dear Jperl and all. First thing first, Jperl I really want to congratulate you for your excellent work on Market Statistic Threads. They are simply incredible and very much interesting. I really like your way of approaching the markets with the PVP, VWAP and how we can use their relationship to decipher setups according to our trading style. I have read all your threads in the past few days and will certainely read them again and again to incorporate every nucance of them. As I am also using the Ensign Software, it is easy to get the same type of profile with the PH and VWAP and bands. Right now, I just need to use a lot of screen time in real time (even with the playback feature of Ensign) to see the setups emerging in real time. So, just wanted to say my deep gratitude to you to have started these great threads and as Unicorn said, hope to see others examples and videos when you have free time. Sincerely Shreem:) -
Hello Soultrader, great videos that you put. Thanks a lot. I really like the coordinated view between price, tick and market profile. It certainely looks like a great tool to take into consideration. Very helpful Sincerely Shreem:)
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Hello Walterw, wishing you a great new year to you and your family and I very hope everything will be allright. You are a great contributor to this forum and your posts are always very much appreciated. BTY, a great new year to all members of this forum and wishing you all great success in all your projects. Sincerely Shreem:)
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Hello Walterw, just finished to read through this thread and I really like it. I really see that you forex research is taking a great shape. These new definitions with the combination of fewer lines make it even clearer. Your videos are great as usual. I do also like EUR/JPY for sclaping as it is a great mover. PYenner, thank for all your help in coding these indicators. I really see lot of potential with this new refinement of the method. Sincerely Shreem:)
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Hello Walterw, exactly, that was a very big move. After my entry at 0.8901 yesterday, this trade had given me almost 100 pips profit if I had let it ride down until the end. To have closed it with only 3 pips. wow! what a rookee type of close:crap: The nice thing about it thought is that the anlysis of the setupping and the timing of the entry point with fantailvma3 on 1 min chart when the black line crossed outside the rainbow after the pullback of the Icon on the 5 min chart shows me that this way of tradign is really powerful and you can certainely catch the beginning of a big move. So, good lesson learned for me. Walters, thank for your nice video Sincerely Shreem:)
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Hello Walterw, thank for your reply. Place where you put your exit do really make sense. I will definitely try to keep them in mind next time. You are right, a good stop loss point should be somewhere where the trade get invalidated. In my case, there was no real reason to put a stop at 3 pips gain with only 7 pips positive. There is no logic to it. In fact, the reason has more to do with my lack of experience and with my impatience. I really need to learn to let my trade runs. As you are showing so eloquently, putting a stop where it is no longer valide with a good RRR is the way to go. That, we can keep the trade going and relax ourselves. So, that will be my next challenge on my next trade. To apply the above principles. For me, learning this method is very interesting and enlightening, that is why everyday without fail I am looking for your new posts. Thank for the nice add video on scalping. Will start by mastering the trend trade on the 5 min chart diligently and will certainely get involved in those scalps on the 1 min when I get more experienced. Sincerely Shreem:)
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Hello Walterw, Wow! thank again for your great videos. They are absolutely fantastic and help tremendoulsy. You videos series are extremely well done and give a lot of informations about to choose the right momentum condition with the right kind of trades. They are very professional. I can assure you 100% that they will certainely help people a lot in their trading, beginning by myself. I post a chart of AUD/USD few minutes ago as I was looking for a high probability setup for the following reasons: - Price bars crossed below the rainbow on the 5 min chart - Black line cross under the magenta line and the rainbow on the 5 min chart (down trend definition and beginning of momentum) - Rainbow was beginning to spread it out and was in an expansion phase (momentum increase) - The black line was in a HE but the white and cyan line were in a clear downtrend. - There was an Icon in the 5 minutes chart and after the pullback, as soon as the black line cross outside the rainbow on the 1 min i get in. See the 2 ellipses on both charts. I was short at 0.8901 and was making 7 pips a one time and I have put a stop loss at 3 pips profits as I hate to turn a winning trade into a loosing one. Finally, was stopped out for 3 pips on a later pullback. As of now (11:07pm est), the price continue it southward direction and it is at 0.0879:doh::doh::frustrated: Yes, I am angry with myself to not have given enough room for the trade to develop. On the other hand, this little trade just show the power of this absolute great method of Walterw and just show he is a truly master trader. With this method, if one is disciplined, focus and patient enough to wait for the right setup, one can certainely make a living from it. So, Dear Walterw, a very big thank from the bottom of my heart to have shown us this method and I will definitely dedicate myself to it as it really goes very well with my sytle of trading. Sincerely Shreem:)
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Hello Gjn, thank for both PDF. That a great idea to have put the excellent thoughts of Walerw and his strategy on PDF files. I really appreciate it. I have already printed them and put them in a binder so that I can look at the rules wherever I go. Sincerely Shreem:)
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Hello Walterw, very great videos on momentum that you are doing. I really need to thank you for that because it really help how to graphically discern when to use the right tools for the right setup. This is a clear fact of life that non trending markets are the most feared markets by traders but can be profitable if the right method and the proper discernment is used. You do really have a gift for teaching. I think your wish of seeing people succeeding following and applying your method or a mix of it will be granted beyound your imagination. So, Dear Walterw, a very big thank and gratitude for all the help that you give to all of us on this great forum. It is much appreciated. Sincerely Shreem:)
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Hello Walterw, thank for the new video and the 1 minute tremplate. It makes life so much easier when we get those. Your approach for the scalping is very interesting. However, as I am not a big fan of having too much indicators on the chart, I will prefer not to use CCI to fine tune the entry but better rely on the timing on the 1 min with the FantailVMA 1 min template. Evidently, it is only a personal choice and I do respect totally those using it. With that said, I really like your sense of humour in your videos. The last one on the trend thread about the Elliot Waves think is very funny. Sincerely Shreem:)
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Hello Walterw, thank you very much for this new template. Will definitely download it when I got home. Really appreciate it. Sincerely Shreem:)
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Hello Walterw and all, I agree, this new scalping trading style is not confusing at all. On the contrary, it is just an excellent addition to your others threads. In fact, following the VMA Icon and this scalping method can certainely be great complementary trading styles. I have a little question for you Walterw. How do add the white line on the chart? Do you add once again the FantailVMA1 template and remove all others lines and just keep that one wth the right setup? Thank to clear that for me. As always, your video and analysis on this thread is as great and fantastic as the other's ones. Sincerely Shreem:)
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Hello Walterw, thank you very much for this new video. Very informative and interesting. Everyday I look at your videos and more and more my learning curve increase. I really like the FantailVMA1, very smooth and give a clear indication when not to trade when we get a perfect HE. Sincerely Shreem:)
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Hello Walterw, thank for the reply. Yes, I do agree that using different kind of exit not based on rainbow can add to the confusion. Anyway, exit based on the black line turning the other way on the 1 min chart is good to me. Will look your video with great joy! Sincerely Shreem:)
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Hello Walterw, thank for the reply. So, it is the Fantail VMA1 on your 5 min chart? If it is the case, yes, this is very nice as I really like the perfect ondulation and smoothness of the black line and the perfect HE. I am still learning and reading all your great posts on your method and will soon demo trade it and will keep you inform of my development with it. What I really like in your method is the clarity of how to define the "setupping" with the black line above or below the magenta line coupled with looking for a perfect Icon VMA trade setup. Also, I do really like the timming using the 1 min chart and waiting for the yellow line to pass by the rainbow. Maybe, it is only a suggession, for the exit, using candlestick, one good exit could be using WRB forming on either the 1 Min or 5 Min chart. Anyway, a very big hat:applaud::applaud: to you and Pyenner for the development so far. This reseach is just awesome! Sincerely Shreem:)
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Hello Walterw, here is another nice exemple of the perfect horizontal effect wich is even more evident on this 5 min chart that you posted. So, just want to be sure to follow the setup that you are using. Refering to your 5 min chart on your post 241. Sincerely Shreem:)
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Walterw, just want to know, with your last post, what fantail version are you using to get the black line wich such smoothness on the 5 min chart? The line is having a perfect horizontal effect. Thank in advance Sincerely Shreem:)
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Hello PYenner, thank for the input about a possible coming version of FantailVMA4 for VT statement. I will certainely look into that and see how to get it coded in Ensign. Sincerely Shreem:)
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Hello PYenner, thank you very much for your excellent explanation about how to construct the VMA. This is very helpful and will I start from there in trying to code it for Ensign Software. You are right, coding certainely take a lot of time and it is a big learning process all by itself. Sincerely Shreem:)
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Hello PYenner, after trying more harder and harder, still do not understand how to construct a VMA:confused: I really want to be able to have this FantailVMA on Ensign Software but I need to understand how can I add a variable moving average in my chart before being able to add it to the ADX. If you dont mind, can you share with me how you come to construct the VMA. What is the formula to create it? Thank in advance and sorry if it appear as a dumb question as I am really not well versed in computer programming Sincerely Shreem:)
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Hello Pyenner, thank for your reply. Will input the FantailVMA4.mq4 tonight when I get back from work and will keep you and Walterw updated how things are going. When I get the version for Ensign Software, will post an image here so that you can see it. Sincerely Shreem:)
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Pyenner, if I can ask, how do yo arrive at the construction of a VMA line? Do you mix an EMA with the ADX has Bemac was doing or do do something different? The reason I ask is if I can know how to construct the Variable Moving Average (VMA), it will be more easy afterward to add the others line to it to get the rainbow. Thank in advance Sincerely Shreem:)
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Hello Walterw, Pyenner and all, just wanted to tell you that as I read more and more about your Fantail VMA method Walterw, it is just incredible and your videos are absolutely great. In fact, I have downloaded all of them and keep them in a library for reference. I really see that this method has a lot of potential and the Banana Republic will be soon created. With lots of banana of course:o I have made a request to Ensign Software that they create an indicator or template of the Fantail VMA so that i can use it on this platform as I really like it and can have any lenght of historical lookback that I want. Will keep you all informed of my development in trading this great method. Walterw and Pyenner, you are 2 very incredible guys and I really want to thank both of you for consistent commitments to help us become better traders. I do agree that MT4 is a lot more user friendly than the VT chart. Sincerely Shreem:)
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Hello to all and great thread Soultrader. Just to let you know, Ensign Software has both equivolume and candlevolume integrated in the software and you can use it either for future, forex, stock or any other trading instrument that you like. At 39.95$ US per month, this charting software is really a great asset. In fact there is a large portion on their website discussing all the possible ways volume can be used. Since I am using them since some time, I really like their sofware. Very good quality for the price you pay monthly. Just wa thinking to share my insight on another software alternative for people interested in going deeper in their studies of equivolume or candlevolume analsyis. BTW, Soultrader, I really see your point when talking about the usefulness of incorporating candlevolume in VSA. Sincerely Shreem:)