The Chimp`s "Forex Trades"

[walterw]

I will try to answer Cattus :

>>>What does Refresh mean for you in spanish? Refrescar, Retomar, Reanudar, Restaurar?>>>

It means Refrescar, con la idea de "volver a"...

>>>Why do you use Refresh to talk about tendency and to talk about an action? Sometimes I confuse with these terms. >>>

We basicly here have two trend definitions, a centrifugal wich travels to the outside of the axis and a centripetal that travels back to the axis... So the Refresh Action ( " la accion de volver hacia" ) its the centripetal trend back to the axis..

>>>Talking about timeframes. On this method (or system), do you see timeframes greater than 5 min? 15 min? 1 hr? Or it is not important for scalping techniques?>>>

So far as to MY scalping method 5 min does ok... now, this method can perfectly be traded on larger time frames as well...

>>>>I remember that I read that you don't use the 1 min chart, you use a ticks chart, it is correct? why?>>>>

On my futures trading I do scalp with tick charts, for this forex research I am using 1 min chart for my timing, I am using mT4 (metatrader) and the smallest timeframe we got is 1 min... wich in forex does pretty well...

>>>>The SMA of the chimp2_1 is of 4 bars. Is it important for the method, or can I change for another of 2 bars, for example?>>>

that signal line its just for estetics jejeje... no use at all... even the oscillator has a very periferic use on the entire method, once the trader really got very used to his cycle measures of his trade, he perfectly can trade without the oscillator... I DO NOT time my trades with the oscillator, I use the 1 minute chart with the two vma`s...



Hope this answered some... I like this interactions ¡¡ cheers Walter.

[walterw]

	Quote:	walterw
	As Eur/Jpy is more volatile it should probably need to adjust some inputs on the 1 min lines.... tell you later... cheers Walter.

I got very enthusiastic with this pair today, and after Sundowner shared his chart I did 3 consecutives winners ¡¡

So thanks Sundowner for this illustration ¡¡

NOW I noticed that this pair its much more volatile than Aud/Usd... so we needed more responsive crosses on the 1 minute vma duo.. without getting any aditional noise... so I recurred to Bruce`s Genial all inputs adxvma6test3 version and so far the inputs : 4-2-3-2-0-0-1-0-2-100 gave me a much better yellow line ¡¡ the 100 line with none color and I got a clean leading timing for EUR/Jpy ¡¡

Example trades :





so for the EUR/Jpy traders... I probably will be one... I add Indis and template for the 1 min timing chart... cheers Walter.

[PYenner]

Walter
Eurjpy can be a wild one, fast mover, ok pip margin.
Also Gbpusd can be a big mover.
If you want a tiger fight then Gbpjpy is the "arena" where blood gets spilled imo, maximum chaos, bad pip margin.

[Armand]

	Quote:
	so for the EUR/Jpy traders... I probably will be one... I add Indis and template for the 1 min timing chart... cheers Walter.

I hadn't switched over from the fantail on MT4 because I thought I would wait to see where the research takes us. So after these posts I thought it would be a good time to install the new indicator and template (ADXVMA6Test3.mq4 & chimp 1 min chart for eur-jpy.tpl). I followed the instructions from other posts on how to install them...but for some reason my charts show up very different...wrong colors, no oscillator, missing vma line on the one minute chart, etc. I know I've put the template and indicator in the right place because they show up under insert > indicators and charts > templates. But something is getting messed up somewhere. "If" someone has the patience and time to explain what I am doing wrong...I would greatly appreciate it...Thanks Armand

[Blu-Ray]

Here goes for TS Users:

For the 5 min chart use:

TLOMI-NonLag
ADXVMA6_12bar
ADXVMA6_16bar

For the 1 min use:

ADXVMA6_4bar
ADXVMA6_6bar

I've bundled the 5 indicators into this one download ELD. All the settings are preset so you just pop them on the charts and you're set.

I've also attached the ADXVMA6Test3, with the presets Walter mentioned for EURJPY set as default.

As for the Chimp2_1, I'm still working on it as it appears there was an error on the original one I posted on the other thread, also trying to get around the volume issue (no volume with forex TS data). But since this oscillator isn't used for timing I might have to use something close to it but not exact. I'll keep you updated.

Cheers

Blu-Ray

[walterw]

	Quote:	Armand
	I hadn't switched over from the fantail on MT4 because I thought I would wait to see where the research takes us. So after these posts I thought it would be a good time to install the new indicator and template (ADXVMA6Test3.mq4 & chimp 1 min chart for eur-jpy.tpl). I followed the instructions from other posts on how to install them...but for some reason my charts show up very different...wrong colors, no oscillator, missing vma line on the one minute chart, etc. I know I've put the template and indicator in the right place because they show up under insert > indicators and charts > templates. But something is getting messed up somewhere. "If" someone has the patience and time to explain what I am doing wrong...I would greatly appreciate it...Thanks Armand

Hi Armand, you want to check the thread as actually there is one template for 5 min and a diferent templates for 1 min...

You probably loaded the 1 min for eur/jpy wich has only two lines, the 5 min template and indis as well are on post # 29

hope helps, cheers Walter.

[cattus]

	Quote:	walterw
	I will try to answer Cattus : >>>What does Refresh mean for you in spanish? Refrescar, Retomar, Reanudar, Restaurar?>>> It means Refrescar, con la idea de "volver a"... >>>Why do you use Refresh to talk about tendency and to talk about an action? Sometimes I confuse with these terms. >>> We basicly here have two trend definitions, a centrifugal wich travels to the outside of the axis and a centripetal that travels back to the axis... So the Refresh Action ( " la accion de volver hacia" ) its the centripetal trend back to the axis.. >>>Talking about timeframes. On this method (or system), do you see timeframes greater than 5 min? 15 min? 1 hr? Or it is not important for scalping techniques?>>> So far as to MY scalping method 5 min does ok... now, this method can perfectly be traded on larger time frames as well... >>>>I remember that I read that you don't use the 1 min chart, you use a ticks chart, it is correct? why?>>>> On my futures trading I do scalp with tick charts, for this forex research I am using 1 min chart for my timing, I am using mT4 (metatrader) and the smallest timeframe we got is 1 min... wich in forex does pretty well... >>>>The SMA of the chimp2_1 is of 4 bars. Is it important for the method, or can I change for another of 2 bars, for example?>>> that signal line its just for estetics jejeje... no use at all... even the oscillator has a very periferic use on the entire method, once the trader really got very used to his cycle measures of his trade, he perfectly can trade without the oscillator... I DO NOT time my trades with the oscillator, I use the 1 minute chart with the two vma`s... Hope this answered some... I like this interactions ¡¡ cheers Walter.

Yes, Walter, the most of my questions were answered.

Just one re-question:

As I understand from your answer you work with only two charts on your screen (5 min and 1 min), and you mentioned that we can climb the method: from 5min+1min to, for example, 30min+5min or 1hr+15min. I put those pairs of charts because are approximate to the 1/5 of the time.

But, due that I have the habit of work with at least 1 chart of bigger timeframe, like 4 hour or 1 hour, in order to know the big picture of the intra-day, I would want to know if somehow you also use a similar timeframe only to view the big picture of the day, or may be, with your experience, you recommend not to work with more than two charts simultaneously.

cattus

[walterw]

Cattus :

The axis blue line on the 5 min chart as I use actually is heavy enough to show you waves corresponding maybe to a 1 hour chart... so there is no need to complicate yourself looking bigger time frames...

Now, if you are aiming to play longer moves (cycles) then its a diferent story... you will like to setup a 1/5th relation aprox. between "setuping" chart and "timing" chart, whatever suits more for your strategy...

for example : 30min with 5 min or 4 hour with 1 hour etc...


cheers Walter.

[cattus]

	Quote:	walterw
	Cattus : The axis blue line on the 5 min chart as I use actually is heavy enough to show you waves corresponding maybe to a 1 hour chart... so there is no need to complicate yourself looking bigger time frames... Now, if you are aiming to play longer moves (cycles) then its a diferent story... you will like to setup a 1/5th relation aprox. between "setuping" chart and "timing" chart, whatever suits more for your strategy... for example : 30min with 5 min or 4 hour with 1 hour etc... cheers Walter.

Walter.

I like the scalping system as you are describing (5 min with 1 min), but I asked about the climb of the trades because I was thinking in 5 min like the minor of the timframes (30 min with 5 min) in order to try to reach more pips. I don't know, may be this idea can help us, it can depend of the pair we are trading or the market condition in that we are... just thinking, just thinking...

Thanks a lot for your helpful answers.

cattus

[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.