The Chimp`s "Forex Trades"

[walterw]

	Quote:	Blu-Ray
	Thanks Walter

good Blu-Ray... maybe Bruce can help you on the volume issue... but dont go bald man ¡¡ jejeje cheers Walter.

[Armand]

	Quote:	walterw
	I will start the day today posting indis and templates for the 5 min chart so far... just in case, this thread explains how to load them on mt4 http://www.traderslaboratory.com/for...ates-2427.html cheers Walter.

Thanks Walter. Once again the videos are so helpful. I am not used to working with the CCI...so the explainations are a big help.

Armand

[walterw]

Now I will focus today on the setups we may have on this aproach...

I tried to introduce some preliminar concepts, so you guys can understand where my ideas are making pivot... I hope I dont confuse anyone, maybe re-reading its the way to get there...

1rst we have an axis (blue line)... from that axis we expect Centrifugal Action and Centripetal Action... so when we have certain action we get the following setups for that action :




Once again this chart illustrates the setups that fit on certain type of actions :



So FIRST you need to understand if you are in Centrifugal or Centripetal Action... interestingly there is certain "anticipation" of this actions from our part... BUT thanks to our Three lines (blue, green,yellow) we can make that anticipation or discernment of potential action more easy...

When a NET trend is alligned on the lines, we normally will say we have Centrifugal action in course... when a REFRESH trend is alligned then we may start thinking that a Centripetal action may come into place...


You see how this informations start to fit all together ?

So if you get to understand NET and REFRESH trends with our simple clean lines, you will be able to start training you eye to anticipate Centrifugal and Centripetal action.... and once you got that you will start to look for the Setups that fit on each of this actions...

May sound complex, but once you grasp the idea behind it and take the bmw out of the factory should you have a very simple trading aproach...

continue on next post.... cheers The Chimp

[walterw]

	Quote:	Armand
	Thanks Walter. Once again the videos are so helpful. I am not used to working with the CCI...so the explainations are a big help. Armand

yes Armand, certainly videos make things more easier to explain... glad you like them...

The Chimp oscillator actually its not a CCI... Pyenner has designed it and it contains certain volume measures as well... so its a new breed... cheers Walter.

[PYenner]

	Quote:	walterw
	You see how this informations start to fit all together ? So if you get to understand NET and REFRESH trends with our simple clean lines, you will be able to start training you eye to anticipate Centrifugal and Centripetal action.... and once you got that you will start to look for the Setups that fit on each of this actions... May sound complex, but once you grasp the idea behind it and take the bmw out of the factory should you have a very simple trading aproach...

Makes sense to me.
First identify which stage of a cycle it is in, then trade it accordingly.
Good systematic approach.
Pattern recognition gets easier within each stage once a stage is categorized.

[walterw]

	Quote:	PYenner
	Pattern recognition gets easier within each stage once a stage is categorized.

Exactly ¡¡ thats the way we can get things so simplified... and vma`s give us the correct visuals for this...

[walterw]

On this post I add a video about Centripetal Action and the setups you can find there... it has been quite a specialty of mine trading this type of setups on futures...

This other threads explain a little more how this type of centripetal setups are formed... http://www.traderslaboratory.com/for...rade-1942.html http://www.traderslaboratory.com/for...rade-1994.html remember that they are countertrend, so you dont want to take this ones on great momentum conditions... there must be some clear hint that there is a REFRESH trend in course...

cheers Walter.

[walterw]

There is a saying that a chart talks more than a thousand words...

so I prepared some charts here to try to express somehow what we are talking about here in terms of setuping the trades on 5 min chart...

its interesting too look at them, and at some point you start asking, isnt this the same chart I already saw ?... cheers Walter.

[PYenner]

Template works fine on XP, but on Vista I seem to have to compile any new indicators using MetaEditor before MT4 can find them and use them from a template. Working fine on both now.

[walterw]

	Quote:	PYenner
	Template works fine on XP, but on Vista I seem to have to compile any new indicators using MetaEditor before MT4 can find them and use them from a template. Working fine on both now.

aha.. I am on XP here...