Walter`s First Forex Research (various ideas)

[Blu-Ray]

For anyone following along with Tradestation, here is the ELD for the Hull Moving Average, however I can't seem to get hold of the RSX indicator.

[cooter]

	Quote:	Blu-Ray
	For anyone following along with Tradestation, here is the ELD for the Hull Moving Average, however I can't seem to get hold of the RSX indicator.

Probably because it's a proprietary indicator, that's why

Here's more info from Jurik Research about the RSX indicator:

RSX

[Blu-Ray]

	Quote:	cooter
	Probably because it's a proprietary indicator, that's why Here's more info from Jurik Research about the RSX indicator: RSX

Thanks for the link cooter

[walterw]

Thanks BluRay for that input... cheers Walter.

[Don4]

Walter, i havent been following the usd/jpy this morning but i have been watching the gbp/usd and there was some very nice signals this morning!

[walterw]

Nice ones there Don ¡¡ The Icon its right there ¡

I see you have rsx 14 , did you try it on 8 ?

Did you also try a 5 min chart ?... I think this concept will be more robust on 5 min than on 1 min... and 1 min will make a "very specific timing" job

Don, I will apreciate if you keep posting on gbp so we can see more than one pair...

If some one wants to get specialized in euro would apreciate so we can cover the analisis of three important pairs...

I also attach the cci t3 indicator... cheers Walter.

[Nick1984]

Nice post Walter. FX is something that is pretty new to me and I've never looked into it before. I want to focus on developing my skills in the futures markets before I start in FX or bonds. Personally if I ever dabbled in FX i would do AUD/USD.

I like your trading strategy and going for a net 5 pips a day sounds like it will keep as much pressure off you as possible. If I got a good 20 pip or 30 pip trade I'd call it quits!

When you're trading FX is it easy to get much leverage? I still see futures as having a much more leveraged investment where with 5k you can controll over 50k worth of assets. How can you get returns to scale like that with FX to make money an income comparable to futures trading? And why spot FX rather that FX futures?

Sorry for all the questions Walter, don't know much about FX lol. Keep it up!

[walterw]

How about this very first draft of the prospect "Icon" trade...

Setup was done on a robust 5 min chart ( more potential space to move ) and timing was done with a "very specific timing" on a 1 minute chart... (here we can have tight stops)...

If we compare the potential move on 5 min with the tight stops that we can have on 1 minute we can start talking about a competitive RRR...

cheers Walter.

[walterw]

	Quote:	Nick1984
	Nice post Walter. FX is something that is pretty new to me and I've never looked into it before. I want to focus on developing my skills in the futures markets before I start in FX or bonds. Personally if I ever dabbled in FX i would do AUD/USD. I like your trading strategy and going for a net 5 pips a day sounds like it will keep as much pressure off you as possible. If I got a good 20 pip or 30 pip trade I'd call it quits! When you're trading FX is it easy to get much leverage? I still see futures as having a much more leveraged investment where with 5k you can controll over 50k worth of assets. How can you get returns to scale like that with FX to make money an income comparable to futures trading? And why spot FX rather that FX futures? Sorry for all the questions Walter, don't know much about FX lol. Keep it up!

Hi Nick, I am new to forex as you can be, did trade some years ago but never had success...

As I mentioned before, the edge I find in forex is the magnitude of volume you can eventually trade, futures for retail traders can be a k bussiness... forex can be a M bussiness... It obviously demands an open mind and lot of work, but I believe it is posible...

In terms of futures I actually do trade Ym, so forex futures I am not familiar with them, this forex its a diferent bussiness, it goes after diferent targets...

There are lots of pros and cons on futures as on forex.. again, the pro of volume on forex its what I am looking for... cheers Walter.

[Nick1984]

Thanks for the quick reply!

I'll follow this post to see how everything goes. Who knows one day once I'm making my regular k's in futures and i can afford to take a "study sabatical" to learn FX to try turn those K's into M's we can all chip in and buy an island somewhere in the pacific and start our own country. Turn it into a tax haven for traders who want to hold off shore accounts there!