Walter`s Forex "Trend Trades"

[shreem]

Hello Walterw, exactly, that was a very big move. After my entry at 0.8901 yesterday, this trade had given me almost 100 pips profit if I had let it ride down until the end. To have closed it with only 3 pips. wow! what a rookee type of close

The nice thing about it thought is that the anlysis of the setupping and the timing of the entry point with fantailvma3 on 1 min chart when the black line crossed outside the rainbow after the pullback of the Icon on the 5 min chart shows me that this way of tradign is really powerful and you can certainely catch the beginning of a big move.

So, good lesson learned for me.

Walters, thank for your nice video

Sincerely

Shreem

[PYenner]

Also watched it slide by, thought it was too slow...

[walterw]

This Icon from yesterday got me stoped first, but it did setup again for a second one wich worked like a charm...





as usual, the icon gets you in the trade BEFORE the complete move unfolds... cheers Walter.

[walterw]

Some Icons... notice how this is not perfect... there are some hard ones, there are some blessed ones... cheers Walter.

[PYenner]

	Quote:	walterw
	Some Icons... notice how this is not perfect... there are some hard ones, there are some blessed ones... cheers Walter.

VMA1 is very well suited to audusd, it is not so well suited to some other pairs such as eurjpy where a stonger HE and a different definition of trend reversal might be needed. Vma1 is a remarkably good place to start and aususd is a good place to be using it. In time we may get to a better understanding of the "rules" but for now you have said that an expanding fantail is where we want to be and in that case where the market was unfriendly the fantail didn't get much wider than 5 to 10 pips, so that was a warning maybe. There will always be cases where the more aggressive entries fail more often and then it is time to be more conservative, but the last few days looked like quite hostile majors and I was impressed with how well the vma1 audusd trend definition survived the conditions. An excellent place to start in one of the most difficult markets to trade.

[PYenner]

Before Fantail came along I had noticed in GBPJPY that there seems to be three degrees of pullback, ordinary (probably short of magenta), double (a bit past magenta) and extreme (triple or worse). The extreme case looks like clear trend reversal but it isn't, just an extreme pullback before a big icon payout. I saw this last night in major icons and was very impressed with how reliable vma1 trend definition was in audusd. I used to call those big pullbacks "confidence" tests, the bigger the test the bigger the payout, usually, but very testing to be trading without a fantail for a guide, easy to get drawdown or stopout on entry.
Can't expect to ever have a 100% answer but even a 50% improvement is a big advantage to have on your side.

[walterw]

So far Bruce I have to admit my only view of aud/usd... could not really say how this works on other pairs... anyway the icon concept is universal across instruments as timeframes... now it is true that certain pairs like aud/usd are very clean ones on the way they do develop... cheers Walter.

[walterw]

For those who are following this thread I post here the indicators and templates actually been used on mt4... on how to install indis and templates, please refer to this instructions http://www.traderslaboratory.com/for...ates-2427.html

apply template fantailvma1 on a 5 min chart

and fantailvma3 on a 1 min chart... cheers Walter.

[Blu-Ray]

And following up to Walter's last post, anyone following along with TS, here are Vma1 and Vma3.

These are updated to the one I previously posted on this thread, as they now incorporate PYenner's code. (Thanks PYenner for the help translating it)

Cheers

Blu-Ray

[Clym]

and here is an updated vma1 in excel . I was reluctant to post it because even though I made quite a few changes and it looks right to me, I am not 100% sure I have the calculations exactly correct.

When you say "Fantail", what are you referring to exactly?

-Clym