Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

walterw

The "Second Wave" Trade

Recommended Posts

I think we have come along way in such a short period. I believe we do need some backtesting, But Bravo !!!!!!!!

 

 

What I am enjoying of this process is how we got to combine very diferent aproaches, taking the best from each one and making a new creative aproach... you got FHR + Icon + momentum vs non-momentum + cci timing methods + fixed exits strategies + RRR etc etc... so I agree we need to backtest and forward test this... I got three years of data ¡¡ so it should be good... cheers Walter.

Share this post


Link to post
Share on other sites
I believe looking for a 50% fib retracment is the most consistent way to play these setups. It's tempting to get in too early only to have the market retrace more and stop you out, or to wait to long and then chase. But consistently waiting for the 50% seems the ticket.

 

 

Hi Gary, I consider that your input here has some great value and I am making a parenthesis on my process to give some consideration into it...

 

I know fibos can predict very good accurate areas... My struggle is how to determine from where will I measure them... IF I can find a very simple and stupid way to draw fibos that we could use as a reference, it would be interesting to add them into our considerartion...

 

Its obvious that fibos ar drawn from pivot to pivot... the big question here would be : wich pivots should be selected to draw the fibos... cheers Walter.

 

PD : I also saw Therumpledone added a dynamic fibo indicator for TS... would be nice if we could get something similar for MT4....

Share this post


Link to post
Share on other sites

Here I attach an example of a "second wave" trade that considers the fibo level.... any way this doesnt change the timing with cci... I believe it can help to show what type of pullback we are really looking for...(size of Pullback)

What I notice is that you have very small pullbacks (micropullbacks) some times that will even move cci on the other side of 0 but the real pullback wave still its not over... this fibo considerations could tell us what type of measure we expect in average for a pullback... and avoid taking "micropullbacks"... its another way of filtering out noise on this "pullback" instance of the setup... ill make video to explain.. cheers Walter.

5aa70de95e318_fibohelp.thumb.gif.ab071e7a0f97b7de6c61656146fe42a5.gif

Share this post


Link to post
Share on other sites

Ok... I had been doing this evening some more research on the "second wave" trade and I like so far what I see... also I like what I am experimenting with fibos to give strength to our setup, so thanks for inputs to Gary (GCB) on this very interesting issue to add here...

 

What I want to explain now a little bit is how do I select the pivots in order to draw a fibo...

 

So to make it more easy I decided to explain it on a video... hope you guys understand me, any questions please ask me... I will try to explain.. cheers Walter.

Adding fibonacci.swf

Share this post


Link to post
Share on other sites
I tell you, this just keeps working! :D

 

 

Yes Don its really nice... I am dedicating the entire week too forex research, so far today I already did 10 hours worth of charts reading... In terms of this second wave trade, it clearly opens to more even simplier trades that happen all day... I dont know if I will mix this thread or start a new one with another paralel method I am seen right now (any suggestions ? )...

 

 

I have to make clear here that I am researching and I am not loyal to any prospect method here... so far at this point is ALL JUST IDEAS nice neet ideas.... maybe from here to one month I will make my mind and start paper trading some of this methods until end of year.... I expect going live january 2008...

Share this post


Link to post
Share on other sites
I would just go ahead and start a new thread, Unless its using Fibs:D

 

 

Ok, I will do that... no it doesnt use fibs... actually its a very small icon that works also like a second wave fashion trade... very scalper type.... I will make that thread right now... see ya...

Share this post


Link to post
Share on other sites

I love to see what I am seeing Don... ¡¡ You added the Hulls there ? they look cool ¡¡... notice on the second one how it setuped an Icon together with the second wave setup...

 

can you tell me the hull inputs there ? great stuff Don ¡¡ cheers Walter.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 22nd November 2024.   BTC flirts with $100K, Stocks higher, Eurozone PMI signals recession risk.   Asia & European Sessions:   Geopolitical risks are back in the spotlight on fears of escalation in the Ukraine-Russia after Russia reportedly used a new ICBM to retaliate against Ukraine’s use of US and UK made missiles to attack inside Russia. The markets continue to assess the election results as President-elect Trump fills in his cabinet choices, with the key Treasury Secretary spot still open. The Fed’s rate path continues to be debated with a -25 bp December cut seen as 50-50. Earnings season is coming to an end after mixed reports, though AI remains a major driver. Profit taking and rebalancing into year-end are adding to gyrations too. Wall Street rallied, led by the Dow’s 1.06% broadbased pop. The S&P500 advanced 0.53% and the NASDAQ inched up 0.03%. Asian stocks rose after  Nvidia’s rally. Nikkei added 1% to 38,415.32 after the Tokyo inflation data slowed to 2.3% in October from 2.5% in the prior month, reaching its lowest level since January. The rally was also supported by chip-related stocks tracked Nvidia. Overnight-indexed swaps indicate that it’s certain the Reserve Bank of New Zealand will cut its policy rate by 50 basis points on Nov. 27, with a 22% chance of a 75 basis points reduction. European stocks futures climbed even though German Q3 GDP growth revised down to 0.1% q/q from the 0.2% q/q reported initially. Cryptocurrency market has gained approximately $1 trillion since Trump’s victory in the Nov. 5 election. Recent announcement for the SEC boosted cryptos. Chair Gary Gensler will step down on January 20, the day Trump is set to be inaugurated. Gensler has pushed for more protections for crypto investors. MicroStrategy Inc.’s plans to accelerate purchases of the token, and the debut of options on US Bitcoin ETFs also support this rally. Trump’s transition team has begun discussions on the possibility of creating a new White House position focused on digital asset policy.     Financial Markets Performance: The US Dollar recovered overnight and closed at 107.00. Bitcoin currently at 99,300,  flirting with a run toward the 100,000 level. The EURUSD drifts below 1.05, the GBPUSD dips to June’s bottom at 1.2570, while USDJPY rebounded to 154.94. The AUDNZD spiked to 2-year highs amid speculation the RBNZ will cut the official cash rate by more than 50 bps next week. Oil surged 2.12% to $70.46. Gold spiked to 2,697 after escalation alerts between Russia and Ukraine. Heightened geopolitical tensions drove investors toward safe-haven assets. Gold has surged by 30% this year. Haven demand balanced out the pressure from a strong USD following mixed US labor data. Silver rose 0.9% to 31.38, while palladium increased by 0.9% to 1,040.85 per ounce. Platinum remained unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • A few trending stocks at support BAM MNKD RBBN at https://stockconsultant.com/?MNKD
    • BMBL Bumble stock watch, pull back to 7.94 support area with high trade quality at https://stockconsultant.com/?BMBL
    • LUMN Lumen Technologies stock watch, pull back to 7.43 support area with bullish indicators at https://stockconsultant.com/?LUMN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.