The Chimp`s "Forex Trades"

[Reaver]

Good video Walter, thanks for sharing man.

[Blu-Ray]

Walter

Great thread, you truly are the "Market Wizard".

Cheers

Blu-Ray

[Reaver]

I second that!

[walterw]

Thanks Blu-Ray and Reaver for support... ¡¡

You guys encourage me a lot during this process, I hope to keep things as simple as posible, thats my target on this one... cheers Walter.

[walterw]

Now I will add another ingredient to our aproach...

Market moves in cycles, its like breathing... you load your lungs with air, and at certain point its inevitable, you will be releasing air from your lungs... same with market he makes small cycles inside biger cycles and so on...

You can choose wich cyles you want to trade, will they be little, medium, large ones... any of them... for that I am a believer that Oscillators help us to see the detrended presentation of cycles... cycles get plotted very easy on an oscillator... and even better if its a Chimp Oscillator ¡¡

Some people developed alergy to oscillators, thats because they wanted to use them on the wrong aplication... for example, an oscillator will not show you so good a trend definition as we have with vma`s on our price pane... but YES they will clearly show you the market breathing (cycles)... as the market comes and goes... being able to detect where the next move will be is very important.. and oscillators can help us a lot on this...




here we have the complete 5 min chart for this aproach, it has the three lines above and a chimp2-1 oscillator with inputs 2.5-2-1-2 and he has a gentle signal line wich is a sma 4 of the chimp oscillator...

This indicators had been developed by Bruce (Pyenner) on this thread http://www.traderslaboratory.com/for...n-2440-40.html for wich I am so greatfull ¡¡

What the oscillator is clearly showing, with very small noise and at the same time on a quite leading way, is the points of inflection from a certain measure of cycles on the market...

I can put a smaller setting and you will probably see the smaller cycles inside this first ones... true is if I create a 1 hour chart and I put this same oscillator, he will show me the bigger cycles that would contain this ones...

But madness its not necesary for trading... we need to keep things simple and we need the exact correct information to get us trading, no more, no less...

So this chimp oscillator will show us the cycles we want to trade...

on the next post let me explain where do cycles fit with market inflections and how inflections happen to be in a centrifugal or centripetal context.. ahahaah... cheers The Chimp.

[Reaver]

The chimp oscillator..I like it man.

[walterw]

Originally Posted by Reaver The chimp oscillator..I like it man.

This oscillator works like this :

[YOUTUBE]http://www.youtube.com/watch?v=8MZeiBq3Irw#[/YOUTUBE]

[walterw]

Now the market works on this fashion :

move-inflection-move-inflection-move-inflection etc etc...

sounds silly uhu ?..



he is permanently doing that... you look a chart and its that...

now basicly trades should be taken during the inflections, not the moves...
so a trader has this task, spot the clean inflection itself, wich normally thats no big deal of a task... we normally call that : Timing.

NOW an even more excellent task he has to do is to understand to what context this inflections respond too... where is this Inflection situated on the market stage... here is where the trader will excell to understand what he is doing and why he is doing such a trade...

Here The Chimp will facilitate a cheat graph where he basicly is able to see all the types of trades that come to happen in a given Stage of the market...



you will notice here that he organizes the market arround an axis with centrifugal and centripetal action in relation to that axis...

We saw previously on our trend definition how our tools on the price pane (three lines) help us to determine how we are in relation to the axis...

Now... coffee please...

[cattus]

Hi Walter and hi all there.

I am lucky, you started this thread today. I will be following with a great interest this thread.

Great jobs all you are doing here.

Thanks.

Cattus

[walterw]

Originally Posted by cattus Hi Walter and hi all there. I am lucky, you started this thread today. I will be following with a great interest this thread. Great jobs all you are doing here. Thanks. Cattus

Thats great Cattus ¡¡ Bienvenido ¡¡