Walter`s Forex "Trend Trades"

[shreem 10]

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:)

[walterw 10]

Glad to hear that Shreem ¡¡ in this particular trade "VMAR Icon" trade the setuping on 5 min with vma1 its totally finished... I am still fine tunuing timing and exits...

 

In terms of exits I still prefer to use the same rainbow concepts so we dont get so mixted... so far you can see vma 3 is being researched on this arena... let me share a video on next post.... cheers Walter.

[shreem 10]

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:)

[walterw 10]

And here a short video recaping a little bit on vmar icons... cheers Walter.

Short video on vmar icons.swf

[Armand 10]

And here a short video recaping a little bit on vmar icons... cheers Walter.

 

Walter...thanks once again for the videos, they clear up many things. I appreciate you showing an example of a trade that didn't work out. However, after watching the video I had a question. Should we also be looking for "positive laddering to the downside?" If this was also part of the vmar icon definition then we would not have taken this trade to begin with. I have included a screenshot of the chart in your video. I may have it wrong...I am just trying to learn...I welcome your comments. Thanks again...Armand

 

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=3130&stc=1&d=1190855975

[shreem 10]

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:)

[walterw 10]

Walter...thanks once again for the videos, they clear up many things. I appreciate you showing an example of a trade that didn't work out. However, after watching the video I had a question. Should we also be looking for "positive laddering to the downside?" If this was also part of the vmar icon definition then we would not have taken this trade to begin with. I have included a screenshot of the chart in your video. I may have it wrong...I am just trying to learn...I welcome your comments. Thanks again...Armand

 

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=3130&stc=1&d=1190855975

 

 

good question Armand... in the case of vmar icons, the setuping process and even at the time of timing you are actually anticipating positive laddering... so for this trade the laddering is used to "confirm" the health of an already open position... thats where we have some diference wuth the "5 min laddering trade" where we actually use the laddering to catalize the setup...

 

so to make simple the answer : you open the trade BEFORE you got any positive laddering... hope this answers.... cheers Walter.

[walterw 10]

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:)

 

 

yes Shreem, we have to be greatfull to James for allowing us this great hability to post videos as they make much more easier the comunication of ideas... glad to be of help... please Shreem feel free to post charts and all kinds of questions... cheers Walter.

[Armand 10]

good question Armand... in the case of vmar icons, the setuping process and even at the time of timing you are actually anticipating positive laddering... so for this trade the laddering is used to "confirm" the health of an already open position... thats where we have some diference wuth the "5 min laddering trade" where we actually use the laddering to catalize the setup...

 

so to make simple the answer : you open the trade BEFORE you got any positive laddering... hope this answers.... cheers Walter.

 

 

Yes, this answers my question. Thanks...Armand

[walterw 10]

So finally after a large up move the market decided to cross down the magenta line giving us a nice vmar icon trade...

 

 

let me expand about some exits alternatives on the next posts... cheers Walter.

[walterw 10]

One exit alternative we have is exiting the trade after a LARGE wave...

 

When things start to move on our way, they normally do it in several waves... some fantastic trades you may have a 1 super wave making your dopamine boost... but thats not the normal real life scenario... so this "waves" are small and large waves... its interesting to see how normally the first one is a small one and the second one is larger (some kinda 3rd wave elliot theory ) but some other cases you have several small waves until the large comes in...

 

my idea here would be this... EXIT when a LARGE wave showed in... as there is not much probablilty of getting any better than that... it "may" get better but my grandmother always said, better one bird on hand than a hundred flying ¡¡¡ wise granny... so in this case when the large wave shows up we get out once the yellow line starts getting inside the rainbow (magenta square)...

 

here I attach some examples of past posts with this exit idea introuced there... cheers Walter.

[walterw 10]

two more charts

[walterw 10]

So we could call this exit alternative a "Large Wave Exit".... here goes a video on this... cheers Walter.

Large Wave Exit.swf

[gjn 10]

Hi guys,

I've been following this thread for some time now and I'm amazed by the work that Walterw, Pyenner and others are doing. As my little contribution, I enclose the compilation of the stuff covered so far as 2 pdf files - see the attachments.

 

Cheers,

gjn

 

P.S.

Walterw, could you please post the working VMA3 for the VT platform, if possible. I would love to compare its performance with VMA1 which I currently have. I really appreciate your help!

Trend trading-part1.pdf

Trend trading-part2.pdf

[walterw 10]

thanks gjn for your compilation on pdf... looks really nice ¡¡

 

the fantailvma3 has not been coded for VT... we only have the MT4 version coded by Pyenner.. all this formulas are on this thread http://www.traderslaboratory.com/forums/f24/playing-with-the-vmar-s-open-2440.html please feel free to interact... cheers Walter.

[PYenner 10]

Thanks for the pdf's gjn

I'm running behind with everything...

[shreem 10]

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:)

[walterw 10]

Ok... let me recap a little on vmar icons so far... there has been great ones and some others that just finished with small gains... what I like its the one that got stoped was a real tight stop in comparisson to the profits of the other trades.... cheers Walter.

[walterw 10]

and here a video recaping on this vmar icon trades.... cheers Walter.

Vmar Icons today.swf

[walterw 10]

the nice thing of "Vmar Icons" is the potential they have and how you get into the best spot before that potential unfolds....

 

for example look at this case yesterday... we where comenting with Shreem this trade and it even got more of a huge move ¡¡

 

 

 

 

Key here would be staying all the way down inside this super, trade.... I am actually researching how we can optimize this type of longer exits.... cheers Walter.

[shreem 10]

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:)

[PYenner 10]

Also watched it slide by, thought it was too slow...

[walterw 10]

This Icon from yesterday got me stoped first, but it did setup again for a second one wich worked like a charm...

 

 

 

as usual, the icon gets you in the trade BEFORE the complete move unfolds... cheers Walter.

[walterw 10]

Some Icons... notice how this is not perfect... there are some hard ones, there are some blessed ones... cheers Walter.

[PYenner 10]

Some Icons... notice how this is not perfect... there are some hard ones, there are some blessed ones... cheers Walter.

VMA1 is very well suited to audusd, it is not so well suited to some other pairs such as eurjpy where a stonger HE and a different definition of trend reversal might be needed. Vma1 is a remarkably good place to start and aususd is a good place to be using it. In time we may get to a better understanding of the "rules" but for now you have said that an expanding fantail is where we want to be and in that case where the market was unfriendly the fantail didn't get much wider than 5 to 10 pips, so that was a warning maybe. There will always be cases where the more aggressive entries fail more often and then it is time to be more conservative, but the last few days looked like quite hostile majors and I was impressed with how well the vma1 audusd trend definition survived the conditions. An excellent place to start in one of the most difficult markets to trade.