The Chimp`s "Forex Trades"

[PYenner]

Originally Posted by unicorn Why did you divide the components of the DMI oscillator by volume?

I'm not sure if I am answering the right question here, lack of sleep perhaps. Why did I leave out the third stage of the adx?
The first two stages process a mix of momentum and price thru ema smoothing, those two stages are relatively compatible with each other.
The third stage uses a different form of historical access, it samples n=adx_bars on a bar by bar basis. That puts it out of step with the method ema's use, which sample only the current bar and add it in to a single weighted average, they only ever deal with just two numbers, not n=adx_bars of numbers.
Ema's essentially follow the recent price more closely than most forms of averaging and the third stage was further behind reality than the first two stages. This could have the output going down slightly (say) at a time when the price is tending up (say). On an adx, the main signal line only cares about the strength of the movement, it does not care which direction the movement is in.
But the oscillator did need to distinquish up from down and thanks to the third stage it was having trouble getting this right. It was apparent when the oscillator was near the zero line, that it was getting + and - mixed up, there would be jerky movements, zigzagging across the zero line.
The quick answer was to remove the third stage which was causing the error.
I have since got to a stage were it might be possible to put the adx_bars thing back in again without causing a problem but I have not had time to look at it and I am not sure if there is a need to go further with it.

A desensitizing setting has since been added to partly undo the increase in sensitivity that happened when the third stage was removed. Progress comes in pieces, one step at a time, so things are always kind of interim.

If I have answered the wrong question then please try asking again.
Cheers
Bruce

[cattus]

Originally Posted by walterw yeap, you can perfectly trade that combination 30 min with 5min... its another lifestyle for shure... it requires another life time schedule to follow that,(diferent sleep, less longer happyhours distentions, etc) thats why I dont go any higher than 5 min on the setuping... Would be interesting if you are interested on following those timeframes to keep us posted on how it works... nice to interact with you cattus ¡¡ cheers Walter.

Hi Walter.

Well. Your comments make me think strong about the lifestyle. I guess I will follow the combination 5m with 1m...


I would like to take advantage of this post and attach a pic with some comments of the chart of 5 min that you used with the video "Lazy Centripetal Trade on EUR-JPY.swf". I add other indicator called Fisher with modifications of a guy called Yur4ik. I am not a coder, but I usually make modifications to the indicators in order to obtain Deltas or Signals. I modified the Fisher Yur4ik v2 indicator in order to obtain from it a delta signal, specially when the delta is above or below of zero line. You can see its signal like a circle of lime or magenta colors.

The intention of add this indicator is because I would like to obtain comments from you or Pyenner (or any member). May be some of you had worked with this indicator and you have value comments about it. I see that Fisher Yur4ik sometimes shows in advance the next movements (more than other indicators, including Chimp indicator). I want to use it like a confirmation of the inflexions together with the Chimp indicator, but I wish more information about it, if some of you know it.

I will appreciate your comments about Fisher Yur4ik indicator and my notes on the picture I attached here.

Thanks guys.

AgustÃÂ*n
cattus
"I do not know the key of the success, but I know that the key of the failure is to try to make happy to everybody" Woody Allen

[PYenner]

Hi AgustÃÂ*n /cattus

Walter may be enjoying some "lifestyle" so I will say something, but remember I am no master trader.

At first this confused me because audusd should not be having 50 pip falls during an HE, then I see it is EURJPY and I see why you would want to trade some of this.

I like using two similar instruments and seeing where one is better for some things and so on, or maybe you decide you need something better than both.
Good process to make comparisons like this.

Despite the 50 pip part which looks good, trading the M's is dangerous and most of this looks like dangerous HE stuff that gets me burnt. The place to be entering a trade looks to be an hour or so earlier, trading the rise that made the blue line come up.

It is good that both oscillators support the lazy M picture, but it is not good if they encourage you to go long after the M because what you get is a small rise and more HE. So where you ask "is this an icon" or "is this the true icon" I would say neither is an icon or any sort of reliable signal, it is dangerous stuff that is likely to be followed by a small rise, then a pull down, then the next ladder step up. But I am only guessing that because the blue line at the left of the picture looks like there had been a ladder step up to this price which is actually an HE and most of an HE is dangerous to trade.

Both Fisher and Chimp give you big green swings after the M, but I think that is bad because it is staying in HE and not developing, I get in trouble here myself looking for entry too early during an HE and both Fisher and Chimp look like something big is going to happen but it doesnt. If pull back and a rise came after this, then that would be the time to buy the dip.

If your Fisher oscillator doesnt give you trade signals on the right hand side of this picture, then I would say that is good, keeps you out of trouble. Looks like it is too early to be entering a trade there.

Also important, did fisher give you good signals for entering the rise that happened before this picture, because it looks like the big money happened earlier.

One of the problems with a more volatile pair like EURJPY is that it will pullback further thru the blue line than it would with audusd. It is harder to get and keep the "big picture" in your mind. Maybe using an extra chart, maybe 30min or 1 hr would help keep a "bigger picture" for you, I don't know.
It is your preferences that matter, finding what works best for you.

Good luck and I hope I have not confused you, I am no expert trader yet.
Bruce /PYenner

[cattus]

Hi PYenner!

Thanks a lot for your comments.

Sorry, but I don't understand what are you saying with the HE letters? Could you please tell me what does means it letters?

cattus

[cattus]

Originally Posted by cattus Hi Walter. Well. Your comments make me think strong about the lifestyle. I guess I will follow the combination 5m with 1m... I would like to take advantage of this post and attach a pic with some comments of the chart of 5 min that you used with the video "Lazy Centripetal Trade on EUR-JPY.swf". I add other indicator called Fisher with modifications of a guy called Yur4ik. I am not a coder, but I usually make modifications to the indicators in order to obtain Deltas or Signals. I modified the Fisher Yur4ik v2 indicator in order to obtain from it a delta signal, specially when the delta is above or below of zero line. You can see its signal like a circle of lime or magenta colors. The intention of add this indicator is because I would like to obtain comments from you or Pyenner (or any member). May be some of you had worked with this indicator and you have value comments about it. I see that Fisher Yur4ik sometimes shows in advance the next movements (more than other indicators, including Chimp indicator). I want to use it like a confirmation of the inflexions together with the Chimp indicator, but I wish more information about it, if some of you know it. I will appreciate your comments about Fisher Yur4ik indicator and my notes on the picture I attached here. Thanks guys. AgustÃÂ*n cattus "I do not know the key of the success, but I know that the key of the failure is to try to make happy to everybody" Woody Allen

Hi all there.

My appologizes, guys. I made a mistake with the chart that I included. It was of the pair EURUSD, instead the EURJPY of I was talking about.

I included here the chart of the pair EURJPY.

Thanks.

AgustÃÂ*n

[PYenner]

Hi AgustÃÂ*n

Gee, that is a nice setup and Fisher looks to be doing a good job.

H.E. means Horizontal Effect, its about the way vma lines go horizontal.
This thread is one of a number of threads that Walter has started recently, all dealing with vma lines and growing towards becoming a good trading system, so there may be other threads that you can read more about vma.

Looks like a nice analysis to me Agustin.
Happy trading
Bruce

[cattus]

Originally Posted by PYenner Hi AgustÃÂ*n Gee, that is a nice setup and Fisher looks to be doing a good job. H.E. means Horizontal Effect, its about the way vma lines go horizontal. This thread is one of a number of threads that Walter has started recently, all dealing with vma lines and growing towards becoming a good trading system, so there may be other threads that you can read more about vma. Looks like a nice analysis to me Agustin. Happy trading Bruce

Hi PYenner. Thanks for your comments, they are important to me.

Well, I understand now HE, jejeje, I have to read more, more and more...

I attach the same chart of EURJPY, but I put some comments in aqua color. I would like to indicate that Fisher Yur4ik doesn't support a continuation we have waited for. (I must indicate that Fisher sign the inflexions onto the zero line, not on the curves).

I attach the Fisher Yur4ik indicator in order to look for an optimization of this indicator on two ways:
- I will appreciate if some of you use this indicator to test it. May be it can serve us to reach better decisions.
- I am not a coder, then, if some of you can participate to test this indicator I must say that the signals that I added like point colors (lime and magenta) could have lags. If you want, we will need somebody like you PYenner to solve this problem.

Thanks a lot guys.

AgustÃÂ*n
cattus
"Non single of bread the man lives. Once in a while, also he needs a drink" Woody Allen

[walterw]

Originally Posted by sundowner Hi Walter, Boy did I get hammered last night (PDT). I learned two things: Man am I dumb...and man, I can't believe how dumb I am. It looks easy on the videos, but it's not so easy real time. Practice, yes? I found I was getting out of trades late. Here is what I am going to work with next week. It's PYenner's ADXVMA4bar...sorry, the red line. Otherwise your 1min and 5 min template. I'll post these charts since you are encouraging charts on this thread. Regards

It will take some time Sun... some practice is the key... you are doing ok so far, posting charts here is also a good thing as we can interact on what was done good or not so good... cheers Walter.

[walterw]

Originally Posted by PYenner Second pix with second copy of 6_16 running in red on 1hr chart, set to 16 bars.

Nice overall trend... but would not be of much use for scalping...

It would really be a diferent type of timeframe strategy wich it can perfectly be done... cheers Walter.

[walterw]

Originally Posted by sundowner Hi PYenner and Walter. Sorry guys, One last post..then sleep. I took your advice PYenner and really like the idea. The axis you suggested for the 1 minute I tried on the 5 minute... like to see what Walter thinks cause I think I still see his setups even though the axis is much tighter. The magenta line is your vma_6 12bar set at 10 PYenner. What do you think Walter? Regards

too tight axis for my taste, will give to many false setups at the end... my two cents.