Walter`s Forex "Vma Trend Scalps"

[walterw]

Lets make it easier Shreem... I attach my latest 5 min chart template of this... cheers Walter.

[shreem]

Hello Walterw, thank you very much for this new template. Will definitely download it when I got home. Really appreciate it.

Sincerely

Shreem

[walterw]

Ok now I will add some trend definitions but on the 1 min chart...

They are not 100% vma definitions as we start to mix some other indicators that do perform pretty well in conjunction with vma`s....

Let me start showing you what I have at this time on the price pane of 1 min...



this chart above is a 1 min chart with the fantailvma1 rainbow plus vma3 base line (orange) and a vma3 with an ma length 3 (dark gray)... then you have a cyan line wich is a step ma.... in this case the step average will be "stepping" due to price action itself... What I like here is the relationship between the step ma and the orange vma3 base line... all in the context of a more slower vmar1.... mmmm dont get crazy....

So my trend definition on the 1 min chart is this :

orange line > cyan line = UP TREND

orange line < cyan line = DOWN TREND

simple and straight forward... clean lines organizing the scalpers arena... cheers Walter.

[walterw]

And this is a video explaining this trend definition on 1 min... cheers Walter.

[walterw]

So now the mambo is about to be revealed ¡¡ jejejej

here comes the oscillators addicts haven and the non oscillators traders confirmation not to engage on this oscillator waco thing jejejeje....

but good news ¡¡ the oscillators I will show here are "optative" on its use... as I will explain later how you can still time your trades with the vma3 on this so simple charts ... without actually using any of this oscillators.... but to make more of a scalper sensation oscillators where a must on this charts ¡¡

Maybe in a future, who knows maybe bruce gets inspired and he gets to program a revolutionary cci passed by a vma filter HAAAA... wouldnt that be great ¡¡ well... maybe not... jejeje

Let me introduce the 1 min complete chart here






colorfull chart ¡¡

let me get into detail about the oscillators description here... the oscillators are basicly two cci`s... they are not regular cci`s... they are cci smoothed by t3 averages... so that helps to reduce the excesive noise sometimes cci haves...

Blue line = fxsnipert3cci 5-3

White line w/hist = fxsnipert3cci 5-10

yellow line = simple ma 7 of fxsnipert3cci 5-10


so thats my set of oscillators here.... I did test more than 300 types of oscillators on my career... also played with derivations and sub-derivations of them... came to the solemn conclution that CCI is just about one of the best of oscillators out there... now this one smoothed by a t3 has captivated me even more as it finally made it more "readable" and still leading...

on next post I deliberate on all the alternatives you have to read this oscillator combo... cheers Walter.

[walterw]

So how would we actually read all this crazy oscillators there ?


Well if you decide to use them, you have a great deal of alternatives, and this is for timing purposes...

let me start here with the most high responsive one "Blue line entering cloud"



the above one is the most fast signal, also the eventually most noisy one...

the second alternative is "Blue line cross Yellow line"



it is a little more robust than previous and still quite leading...

the third alternative is "Blue line cross 0 line"



this one I dont like much because its confusing and not much leading...

now we start to see alternatives derived from the white line... first one is "White crosses Yellow "



this is a robust one ... not so leading...


the next is "White cross 0 line"



this one unfortunately may already suffer undesired lag...

So 5 diferent readings here... all with diferent levels of leadingness-lagginess... wich one ? maybe that really depends on your character and stomach...

The key here its actually how GOOD is your setup in terms of how the trade its being built... in one context... one of them I will discuss on next posts is the time of the day... continue on next post...


hope you guys dont get mad at me... cheers Walter.

[walterw]

At this point indis and templates... enjoy ¡¡ cheers Walter.

[Blu-Ray]

	Quote:	walterw
	At this point indis and templates... enjoy ¡¡ cheers Walter.

Thanks Walter for posting those, I'm still trying to find my feet with this platform, getting there though.

Cheers

Blu-Ray

[walterw]

Here http://www.traderslaboratory.com/for...ates-2427.html are some instrucctions on how to import them... cheers Walter.

[shreem]

Hello Walterw, thank for the new video and the 1 minute tremplate. It makes life so much easier when we get those. Your approach for the scalping is very interesting.

However, as I am not a big fan of having too much indicators on the chart, I will prefer not to use CCI to fine tune the entry but better rely on the timing on the 1 min with the FantailVMA 1 min template. Evidently, it is only a personal choice and I do respect totally those using it.

With that said, I really like your sense of humour in your videos. The last one on the trend thread about the Elliot Waves think is very funny.

Sincerely

Shreem