The Chimp`s "Forex Trades"

[michaltrade]

Thank you very much Blu-Ray for the ELD codes. I am very excited to test them right now.

The movie "The Chimp Forex" has won so many oscars. The oscars for director and screenplay go to the chimp Walterw; the oscar for actor goes to the bull Pyenner; the oscar for supporting actor goes to the tiger Blu-Ray; and finally the oscar for best "picture thread" goes to ofcourse "The Chimp Forex".
Oh, I forget, the oscar for the producer goes to Soultrader for providing and supporting this forum.

Thanks a million (this is FOREX) for the oustanding team efforts from Walterw, Pyenner, and Blu-Ray.

[walterw]

Thanks Michal ¡¡ it is very encouraging your compliments ¡¡

Certainly this process its a true example of collaboration of a great comunity like TL ¡¡

Certainly we all learn together here... I know the next weeks will get even better...

cheers The Chimp.

[nycdweller]

Hi Walter W,

I'm unable to watch any of the videos psoted. I click to open and my computer will ask what program do I want to use. What program do I need to download to watch the videos? Do you or another forum member have a template for Ensign software by any chance? Any suggestion on how to apply the indicators to a different software from what you are using. Thank you.

[walterw]

	Quote:	nycdweller
	Hi Walter W, I'm unable to watch any of the videos psoted. I click to open and my computer will ask what program do I want to use. What program do I need to download to watch the videos? Do you or another forum member have a template for Ensign software by any chance? Any suggestion on how to apply the indicators to a different software from what you are using. Thank you.

Hi Nyc... when he ask you program, go the the list and choose IExplorer... that should work ok...

So far we are having Mt4 and TS being covered on programing, dont know if we have another genius for ensign... but you may want to test mt4 as it is free for forex... cheers Walter.

[nycdweller]

Thanks Walter. Your suggestion of using Internet Explorer works. I will check out Mt4. I forgot one other question. If someone wants to trade using a 1 hour chart as the trigger, what time frame would you use for the trend? Or if you use a 1 hour chart for the trend, what time frame do you use for the trigger? Thank you.

[walterw]

	Quote:	nycdweller
	Thanks Walter. Your suggestion of using Internet Explorer works. I will check out Mt4. I forgot one other question. If someone wants to trade using a 1 hour chart as the trigger, what time frame would you use for the trend? Or if you use a 1 hour chart for the trend, what time frame do you use for the trigger? Thank you.

Normally 1/5th between scales would do it... thats a nice relationship between "setuping" and "timing" chart... cheers Walter.

[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

[Reaver]

I do dumb things too when I get hammered. Don't feel bad.

[sundowner]

Thank you for you kind reply Reaver and your contributions are brilliant, although I'm know nothing of your trading platform...

What I meant by hammered buddy, was that I lost every trade I entered.
(Canadian, eh). Language thing, probably. Although it wouldn't be beyond me to get "hammered" now and then... fishing and golf me.


Cheers

[PYenner]

	Quote:	sundowner
	Boy did I get hammered last night (PDT). I learned two things: Man am I dumb...and It looks easy on the videos, but it's not so easy real time.

Ditto.
One day=dream
next day=nightmare
This is about chart time I suspect.
I have problems when the blue line is horizontal or due to become horizontal because the momentum has already slowed and the "ladder step" has already finished but I don't realize it soon enough and the blue line is too late telling me the news. Instead of thinking "scalp the swings during HE or stay out" I alternate between expecting the next ladder step or a pull back before the next ladder step or looking for a reversal. So I whipsaw myself, completely out of step with NOW and alternating between possible future trends.

I have loaded Walters template for 5min chart onto a 1hr chart and am finding the stages of price movement involved with each ladder step has a pattern. But you have to mentally "slide the blue line to the left" to see where the price of the HE will be for the blue line. You can only do that with a historical chart, but the idea is to help identify from the price action alone where the HE price will be, before it happens. That might not make sense without doing a video to show you.

I suspect the same will apply on 1min price action. Walter has enough chart savvy to see this directly from the price action. He sees the patterns, we need to learn them.

Like you I am attempting to trade patterns before I know what they look like.
Most of all I find myself whipsaw trading during HEs, the very opposite of what this whole thread has been about. Man does it make you feel dumb

In my case, I am ahead of the price action and it is more about getting the time scale and sequence during the HE stage into my head so I don't go trading "break outs" long before they are due. When Walter says the green line doesn't whipsaw you, there is an exception, when you are in the first half of a price HE (it happens before the blue line shows it, in fact the blue line may be halfway up its ladder rise at the time(on 1hr chart)) you do get whipsaw from the green line and that can be taken as the sign that you are in HE NOW. In the case of a rising ladder, the price seems to rise during the second half of the HE (dome or inverted cup) then drop into pullback, crossing or touching the blue line just before the fast rise at the begining of the next step up. But this is on the 1hr chart ok, the 1hr blue line.
Still learning patterns here...