The "Mini Icon" trade

[Anna-Maria]

Hey Torero,

I see you're maintaining the good work, nice to see.

The site sure has gained some ground huh? some real fine content on here since I last visited.

Ya, attempting to keep things nice & simple isn't rocket science the difficult part is just that - keeping it simple LOL.

I assume you're still flirting with the FX?

Time oughta be a little kinder this month with the vacations and all, see if we can't whip up a breeze along with Walter & Don here!

Thank you for your welcome, appreciate the words

[torero]

Yes, still in it but looks like things have cooled off a bit. So I'm more cautious for now. It was a fine run from the 1992 high eh? 3 cents in a few days is quite amazing for my short life as an FX runner.

Let's see how things look when everyone gets back from vacation in the Bahamas, Southern Spain & France & Italy, etc ha ha ha.

[pipMonster]

Hi Anna-Maria,

I've been using that simple little beauty of a strat since Buk gave Cary and I a heads up about it around two week ago. It's been working quite well for me.

Hook it up to sensible s/r levels, a reversal candle, and away you go!

Good to see you back Anna-Maria.

- Jack

[Armand]

Walter...I have been carefully reading the VMA rainbow indicator thread. When it mentioned the "icon" I went back to read up on what that was. I really liked the "mini icon" setup you described and would like to work with that for a while. Is the regression curve critical to the setup or can you just watch the price bars. I am using Quotetracker as a charting program and they have regression channels which only draw a straight line not a curve. Is there another indicator that would be similar to the regression curve you use? Here is a list of all the Quotetracker indicators:

http://www.medved.net/quotetracker/help/techind.shtml

Also I am a little confused about the cci setup. I have included an image that shows what the QT indicator is looking for. Sorry, setting up these indicators is still new to me ...any help is appreciated. Thanks for all your sharing...it is very helpful. Thank you...Armand

[walterw]

Armand : you can use the T3 average there... try with a setting 5 or lower.. it will look very simlar to the Linear reg curve... with the CCI you can put 7/3 and only plot the signal... if you cant unplot the original, your signal would be your "CCI"... Mini Icon is nice, problem with it is forex costs... you need more larger moves to absorve their costs even on an ECN broker... thats why I evolved to a larger icon like the one I am presenting on the new thread... still for educational purposes this mini icon is a very nice excercise... Keep that up Armand I see you are doing some homework jejej... cheers Walter. whatever else you need just ask...