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 "Mini Icon" trade

Recommended Posts

Anna Maria, thanks for posting... do you know how he calculates the week long range supply line ? thanks Walter.

 

Walter,

 

He's being taught to observe the higher timeframe map to plot his zones of engagement.

 

So all he'll do is pop it out to a large hourly or maybe a Daily to get his bearings. Simple s&r observation is all. Then transfer that info down to his preferred execution timeframe.

 

This signal method will highlight a lot of trades on any pair during a weeks worth of activity on these small 5 & 15min frames.

 

His primary filter on this little set-up is to only engage in harmony with the near-med term flows & try qualify his entry with a good, clear supply-demand line.

 

It reduces the amount of potential trades per week, but it significantly improves his positive returns! There's not a whole lot of work to do with it to be honest. But it trains the eye to recognize basic price flow & then drill down into a workable timeframe to cherry pick your trade set-ups.

 

I've included a graph of a small hourly chart highlighting the supply line a little better. Hope it makes sense.

eurojpy.gif.f36ceed1b51b2ae858219d7627dfa9f4.gif

Share this post


Link to post
Share on other sites
Walter, i've followed the icon thread and wanted to thank you for sharing your work.

i appreciate what you do.

 

it's a nice setup, especially for a slow learner like me.

:)

 

Glad to hear that Bubba... so far at this stage I am on a research instance, so remember all this is experimental...

 

I am also working together with Don on a 5 min based strategy will soon share... cheers Walter.

Share this post


Link to post
Share on other sites
Walter,

 

He's being taught to observe the higher timeframe map to plot his zones of engagement.

 

So all he'll do is pop it out to a large hourly or maybe a Daily to get his bearings. Simple s&r observation is all. Then transfer that info down to his preferred execution timeframe.

 

This signal method will highlight a lot of trades on any pair during a weeks worth of activity on these small 5 & 15min frames.

 

His primary filter on this little set-up is to only engage in harmony with the near-med term flows & try qualify his entry with a good, clear supply-demand line.

 

It reduces the amount of potential trades per week, but it significantly improves his positive returns! There's not a whole lot of work to do with it to be honest. But it trains the eye to recognize basic price flow & then drill down into a workable timeframe to cherry pick your trade set-ups.

 

I've included a graph of a small hourly chart highlighting the supply line a little better. Hope it makes sense.

 

 

It shure makes sense Anna... taking key S&R levels from higher time frames and playing them on smaller (execution) time frames... so far what I deduct is that he is playing the rejection of this levels... would he also play the breaks ?... thanks for your time Anna-Maria... cheers Walter.

Share this post


Link to post
Share on other sites
... so far what I deduct is that he is playing the rejection of this levels...

 

would he also play the breaks ?...

 

Yes, providing he gets a valid candle print (or reversal combo) at the RSI extreme & it matches with previous rejection behaviour, then he'll take it on. Quite often the vicinity of these set-ups, teamed with his small timeframe execution, allows a close proximity stop-loss to be engaged - offering very good r/r ratio's.

 

He'll play the breaks only if price re-tests the s&r b/o point. Never on a blind break.

Share this post


Link to post
Share on other sites

Hi Tex,

 

I thought I recognize your nickname but wasn't sure. Great to have you back. We've missed you (you can tell from the deadness in the forex forum area).

 

I agree the best way to trade is to follow closely the S/R in monthly and weekly charts to find point of entries and exits. This works in all markets, forex, commodities, index futures, etc.

Share this post


Link to post
Share on other sites

Hey Torero,

 

I see you're maintaining the good work, nice to see.

 

The site sure has gained some ground huh? some real fine content on here since I last visited.

 

Ya, attempting to keep things nice & simple isn't rocket science :) the difficult part is just that - keeping it simple LOL.

 

I assume you're still flirting with the FX?

 

Time oughta be a little kinder this month with the vacations and all, see if we can't whip up a breeze along with Walter & Don here!

 

Thank you for your welcome, appreciate the words ;)

Share this post


Link to post
Share on other sites

Yes, still in it but looks like things have cooled off a bit. So I'm more cautious for now. It was a fine run from the 1992 high eh? 3 cents in a few days is quite amazing for my short life as an FX runner.

 

Let's see how things look when everyone gets back from vacation in the Bahamas, Southern Spain & France & Italy, etc ha ha ha.

Share this post


Link to post
Share on other sites

Hi Anna-Maria,

 

I've been using that simple little beauty of a strat since Buk gave Cary and I a heads up about it around two week ago. It's been working quite well for me.

 

Hook it up to sensible s/r levels, a reversal candle, and away you go!

 

Good to see you back Anna-Maria.

 

- Jack

Share this post


Link to post
Share on other sites

Walter...I have been carefully reading the VMA rainbow indicator thread. When it mentioned the "icon" I went back to read up on what that was. I really liked the "mini icon" setup you described and would like to work with that for a while. Is the regression curve critical to the setup or can you just watch the price bars. I am using Quotetracker as a charting program and they have regression channels which only draw a straight line not a curve. Is there another indicator that would be similar to the regression curve you use? Here is a list of all the Quotetracker indicators:

 

http://www.medved.net/quotetracker/help/techind.shtml

 

Also I am a little confused about the cci setup. I have included an image that shows what the QT indicator is looking for. Sorry, setting up these indicators is still new to me :\ ...any help is appreciated. Thanks for all your sharing...it is very helpful. Thank you...Armand

cci_question.png.6c5f7873083db5878c2941ec12fd50c8.png

Share this post


Link to post
Share on other sites

Armand : you can use the T3 average there... try with a setting 5 or lower.. it will look very simlar to the Linear reg curve... with the CCI you can put 7/3 and only plot the signal... if you cant unplot the original, your signal would be your "CCI"... Mini Icon is nice, problem with it is forex costs... you need more larger moves to absorve their costs even on an ECN broker... thats why I evolved to a larger icon like the one I am presenting on the new thread... still for educational purposes this mini icon is a very nice excercise... Keep that up Armand I see you are doing some homework jejej... cheers Walter. whatever else you need just ask...

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

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   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 Leveraged 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.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
×
×
  • Create New...

Important Information

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