Walter`s Forex "Trend Trades"

[beatsme]

ive watched some videos from walterw and maybe i got it now...

do you guys only work with AUDUSD?

wich time is better to trade?

[Eric Johnson]

I think I finally came up with something interesting. Forgive me for skimming the long thread. Amazing team work by everybody. [Before I read the whole thing I noticed how nice the original VT rainbow indicator worked as a adjustable (bb) squeeze indicator. I think I used 2 ema as the demo. Then I saw that somebody else got the same idea with the modified fan tail indicator. I also attached a copy of the modified indicator for VT being discussed, if you are looking for it.]
So here is what I noticed. I have been working with 50 ema envelopes (light blue dotted). This is showing a 15 pip offset from the 50 ema. I changed the black fantail line to white to see it.
When the magenta and white lines BOTH expand beyond the width of the 15 pip envelope, it is a signal that the trend is greatly weakening and can soon pullback or reverse. This is shown with the red vertical lines. It is pretty consistent for the EUR/USD, and I use slightly bigger bands for other pairs.
The small arrows (orange and blue) are part of an audio alert system that I put together for VT that tell me when price closes (or crosses) near the 15 pip band. It could be modified for the magenta and white(black) band expansion as an exit readiness alert. The alert download is on the coding forum. It also has auto trade capacity.

[walterw]

Hello Guys and happy new year ¡¡ The methodology works ok when you learn how to discern correctly market conditions : Congestion vs Momentum , thats one of the things I do a lot of emphasis to my private course students, it is important to understand that ANY method, even mine will fail if you dont trade it in the correct context, thats why on my course I try to explain the best momentum conditions a trader should be trading with the trend... take care everyone, cheers Walter.

[Eric Johnson]

I did some coding work for VT, an alert system that allows for removing the fantail graphics and getting an (audio or arrow) alert when the magenta or black(mine white) outer lines both cross an ema envelope. I will post it here, but please see the coding forum to get the details for install as a trading system, and set up. It is based on my previous post. It also allows for price and ema envelope crossover alerts, and can show only the 2 outer lines of the fantail if you want.
I am using for the AUD/USD cross 50ema envelope sizes at 18 and 36 pips.
Anyhow just a thanks to Walter, Bemac, and the team for inspiring work, and bringing out the best in this brave new world.

[Eric Johnson]

Hi, I am not sure why the last program upload did not go correctly, but here is the proper program for the above mentioned fantail envelope cross. I think I caught it before anyone downloaded it.

[BlowFish]

Originally Posted by walterw Hello Guys and happy new year ¡¡

And to you!! Good to see that you are keeping an eye out here still though it's a shame we don't see more of you.

[freud]

Hello everyone ! ! ! Can i please to place here template and indicators witch WALTERW is using on his charts? Thanx a lot ! ! ! !

[Eric Johnson]

Hi, I should have notated it more clearly, but my above post #332 is the VT trader indicator for the Modified Fantail by Bemac, it is installed with the technical analysis menu, indicators builder, import function. Then it shows up as a fantail var MA's on the indicator menu. Remember to unzip it, do not open it with windows RAR.

For other platforms you may need to search the thread or let others know what you are using. Good luck.

[Eric Johnson]

Since VT Trader is not a simple platform, I posted a plug and play version with the indicator installed on one of my other threads. It is post #13 of the "Fresh or first crossovers" - technical indicators forum. This install also is preloaded with alerts for use with envelopes. I want to answer questions there and not divert this thread too much.
The idea is that somebody can see quickly if they find the systems useful. The indicator named Fantail Var is the full fantail to try that I believe Walter based his research upon ( and I mentioned in the previous post).

http://www.traderslaboratory.com/for...html#post87403

[freud]

thank you very much Eric. And thank you Walterw for this amazing method. I know this is nothing new, but it;s so simple and so effective . . . . . .
This method allows a better understanding of the market, better understanding of what tells us the price. looking for such a method for two years ! ! ! This method is perfectly suited to my style. cheers Walter