The Chimp`s "Forex Trades"

[walterw]

	Quote:	cattus
	Hi Walter. Thank you very much for your videos. The second video has some visual problems at the end of him, but I guess we can infer the movements you are talking about. I appreciate so much your explanation about the position of the stop loses, it has been very helpful to understand this dimension of the scalping method. About the different templates you uses, I guess that could be good for us if you show us the inputs of the vma's. May be if you take a little time to open the inputs onto the videos, it will be enough for us. Note: I use the charts of 1 hour just to see the context. All my questions about climb (scaling) the trades were thinking on trading the five minuts cahrts, mmmh, for example, the entry could be onto the 1 min chart, but the take profit could be at the end of the Chimp (cross), or at fixed profit taking a support/resitance of 5 min chart. Remember, I'm only thinking about it posibility. Regards. AgustÃÂ*n

Hi Agustin... I believe that at this stage of the vma research we have presented the overall concepts and we develepod various types of ways to see basicly the same thing... what thing ? : centrifugal and centripetal action... we presented how vma`s on diferent type of presentations can be used for timing as well... and also presented how oscillators can be used for timing as well...

Ironically this could give a sensation of making things complicated... well they actually are... we are inside the BMW factory with all the engines disarmed in 1000 pieces... BUT this is going to evolve finally to a very simplified and optimized product as we can clearly see that the central column of the aproach is very simple and that the vma edge has already shown its clear existance... so we are having various presentations of a same aproach...

your time frame "climb" actually happens depending on the strategy and also on how you use the indicators on the smaller time frames.. we will discuss this ahead...

About the tools, lets say we are still testing various inputs YET...

we keep interacting... cheers Walter.

[walterw]

	Quote:	NiCForce
	Hi Walter, Thanks for all this cool stuff, I gladly want to thank you all for the time and effort. I appreciate your explanation on the video but I took a couple note's 1 entry @ 165.63 or 62 cross line (1min) no cross off the oscillator (5min) 2 cross off the oscillator @165.66 (5min) 3 top @ 165.74 4 flat line @ 165.70 (I think to take profit) 5 exit cross line @ 165.67 (1min) now the profit 165.67 - 165.63 = 4pips profit but - spread and spread = 3 to 5 pips depending on broker so the profit is 1pip or -1pip and I think that not many brokers allow this so is the 1min time frame well enough for this trades sorry for my bad letter in English Greeds NiCForce

Hi Nicforce, welcome aboard ¡¡ glad you like what you see ¡¡

Excellent questions ¡¡ here you can see how we are on a "good crisis" of multiple alternatives... that happens because I am doing an "open research" wich means I am not taking into my threads I final product YET... but I am bringing an idea and I am developing it together with a great interactive and generous comunity of traders and programers...


so let me try to answer this good questions :

questions 1 and 2 you have two timing alternatives... alt 1 : with the vmas (crossover type) on the smaller time frame... alt 2: with the oscillator on the large time frame... each one has diferent pros and cons... I personally would be inclined to the first alternative as it really takes the very best from vma`s...

question 4 Yes¡¡ I agree... take profit.. thats what I call inteligent exit... each one of this waves have an average length you can see that it has a nice normal lenght to take profits there... the HE of the yellow line told us it was over... good observation NIc ¡¡

question 5 and the rest : yeap to small profit on that exit... not competitive, thats why I prefer to do more trades with inteligent exits than wait for super moves that finally dont happen...

NicForce, thanks for interacting... keep them coming ¡¡ cheers Walter.

[Hawkeye]

Walter, it's very good of you to research forex trading strategies using your experience, skills, knowledge and efforts, all for our benefit. Thank you, and I must say I am very impressed. Thanks also to James for making this facility available to us.

You mentioned that you would only go live in 2008. Are you still on schedule, or do you think you have tested the Chimp's Forex Trades enough on demo?

I will continue to study your threads. You have posted so much stuff it will take me some time. But I am excited by what I have read so far, and want to make contact, and start asking questions. Hope you don't mind. Thanks.

[walterw]

	Quote:	Hawkeye
	Walter, it's very good of you to research forex trading strategies using your experience, skills, knowledge and efforts, all for our benefit. Thank you, and I must say I am very impressed. Thanks also to James for making this facility available to us. You mentioned that you would only go live in 2008. Are you still on schedule, or do you think you have tested the Chimp's Forex Trades enough on demo? I will continue to study your threads. You have posted so much stuff it will take me some time. But I am excited by what I have read so far, and want to make contact, and start asking questions. Hope you don't mind. Thanks.

Welcome aboard Hawkeye ¡¡ glad you like it... feel free to interact...

So far on intensive research, I am very near to find my confort zone in forex... cheers Walter.

[sundowner]

Hi Walter,

Since you've expressed an interest in trades on higher tfs, I thought I'd post these trades to start the week.

Hi PYenner,

If you have any ideas regarding "ladder exhaustion" that don't involve programming, I'd love to hear them. So far I am looking at distance moved (weak) and camarilla lines (maybe) and price crossing the vmas twice.

Have nice week, all.

Regards

[PYenner]

	Quote:	sundowner
	If you have any ideas regarding "ladder exhaustion" that don't involve programming, I'd love to hear them. So far I am looking at distance moved (weak) and camarilla lines (maybe) and price crossing the vmas twice.

Still searching, nothing is clean enough, as you say- weak and maybe, needs too much thinking and leaves too much uncertainty. Hoping volume may help if it is used in a less clumsy way, some interesting thoughts but vague still.
With Chimp3_1 it can help a bit to add level lines somewhere between + 0.3 to +0.5 and -0.3 to -0.5 to help distinquish the more important peaks from the less important peaks, longer period charts may need different marker levels than the shorter period charts.

[walterw]

	Quote:	sundowner
	Hi Walter, Since you've expressed an interest in trades on higher tfs, I thought I'd post these trades to start the week. Hi PYenner, If you have any ideas regarding "ladder exhaustion" that don't involve programming, I'd love to hear them. So far I am looking at distance moved (weak) and camarilla lines (maybe) and price crossing the vmas twice. Have nice week, all. Regards

NIce chart Sundowner... are you following this ? how is it going ? cheers Walter.

[sundowner]

Hi Walter,

Yes, the charts I posted are the charts I have been working with for while, with some variations, stopping now and then to try some of the new stuff you posted when you were still working with mt4. Trading can be really bouncy with this, and yes overall, it's working well so far this week...good run up on eur/jpy and no significant chop on either chart.

I am experiencing some difficulty with exits and knowing when ladder exhaustion is about to occur. .. still feels like guessing while live trading so I'm experimenting with some of the things I mentioned in my earlier post hoping to increase my comfort level.


Cheers

[PYenner]

	Quote:	sundowner
	Trading can be really bouncy with this, and yes overall, it's working well so far this week...good run up on eur/jpy and no significant chop on either chart. I am experiencing some difficulty with exits and knowing when ladder exhaustion is about to occur. .. still feels like guessing while live trading so I'm experimenting with some of the things I mentioned in my earlier post hoping to increase my comfort level.

Sundowner
Forex has weeks and even months when it is high risk and high uncertainty.
Like it better when there is a steady trend to work with.
It will never be certain but familiarity with the bahaviour of the market helps.

The difficult area on your chart is a classic tough patch. There are repeated false breaks after the difficult patch before the up trend shows itself.

I don't know if I should say this but since you are trading majors perhaps you should know. The difficult patch on your chart is an area where the banks change the currencies they are using to move market prices. In the case of EURJPY, it shows the sum of EUR funded trade in GBPJPY and JPY funded trade in EURUSD ie EUR accounts open and close trades in JPY, the second currency in the GBPJPY pair, this is an undermining trade that suggests both EURJPY and GBPJPY will initially rise but untimately fall so that a profit can be taken from the JPY positions held. One complication is that EURJPY also shows JPY funded accounts taking trades in first currency EUR in EURUSD.
There they might be seen as bull or bear because while EUR is strong, JPY is a weak currency, so yes it gets really confusing.

When I see areas like your difficult patch on the chart I take it as a warning sign of a possible trend change, but as you see from the alternating breaks afterwards, even "knowing" which way the trend will emerge can still make for risky trading. So with those patches I take them to mean that the past trend is probably over, but that either trend might eventually emerge. Mostly it means that the banks have shuffled up a new mix, a new deck of cards and they sometimes reshuffle the pack a few more times before a real trend emerges. Those patches give me discomfort because they often mean hours of mischief movements, I would rather be trading after the mischief has finally ended and a real trend has emerged, but as you see the timescale is not a friendly one and I wonder if I should switch to trading futures or whatever for the rest of a session, after I see those patches in forex.

Predominantly the banks hold positions only in GPBJPY and EURUSD and primarily use the 5 major currencies. Aside from those two pairs, the other 8 pairs including EURJPY get little direct trading from the banks that generate the patterns that attract traders. Instead they show what curriencies are being used for generating trading patterns.

I am sorry to introduce a host of new complications that make for a much bigger learning curve, but that is a reality of the forex interbank market.
If you don't like guessing, then following currencies may help give more facts to look at but still it remains a difficult and devious market.

VMA works, volume should have things to offer, so to should currencies.
The one plus that forex has is the 5 major currencies work with and against each other in 10 pairs, it gives the possibility of a degree of analysis that is not possible in other markets. The banks, if you like, are playing with their cards facing up, yet still they win more than they lose. It helps if you are aware that their cards can see seen, they are on display. Just wish it was a lot easier it make sense of.

The good thing about vma is they work in realtime prices, reality, that makes them an asset to any trading system.
Regards
Bruce

[PYenner]

Sundowner
I don't know if this one will help or hinder.
It comes from Russia and it has been done in a rather basic way.
It can only be used in the majors as it depends on the number of pairs that are available, AUD usually has only one or two pairs available which is not enough for this indicator. EURJPY might be okay for it.
Have not evaluated it.