Walter`s Forex "Vma Trend Scalps"

[walterw]

	Quote:	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

Absolutely Shreem ¡¡ as I said before this oscillators timing methods are totaly optative, because you got the orange line wich is a vma3 and its signal that you can use for timing... in some ocations oscillators will outperform the vma`s in others it will be oposite... thats the beauty of trading, we have freedom to customize things to our real need and taste ¡¡...
any how on later posts I will deal with the vma timing... cheers Walter.

[walterw]

A video on the oscillator madness... dont take it too serious ¡¡

cheers Walter.

[walterw]

Ok so let me continue on how you can actually time your scalp trade using vma3 standalone and its signal... very simple... the base line (orange) in relation with its signal (darkgray) they do crossover and give nice clean signals...




this sometimes works better or worst than the oscillators... but its the alternative on the vma aproach...

we did try to have a vma4 timing for this, but noise (unfortuantely) wasnt any better than what you get on the oscillator...

The key here is the argument of the trade wich I will present on the next posts... cheers Walter.

[walterw]

ARGUMENTS ¡¡

Thats what a succesfull trader has clear on his mind... he has clear arguments of what he can expect to see developed on the market at certain market climate conditions... I like the word argument as it suggests certain logic behind the reasoning...

There are two great classifications for arguments... or you go with the trend or you go against the trend...

Now, in the case you decide to go with the trend, in order to have success you will also need momentum in order to give you the enough room for your trade.... thats Why momentum readings are so important... and vma`s are great for that... so lets make a pause on the scalper thing and get more deep into the momentum topic, as you will see how been able to correctly gauge the momentum condition is one of the keys to understand the market climate and then consecuently choose the correct argument for your next scalp...

If I told you such and such timing will make you a winner on the scalping bussiness, I am lying to you... because success on scalping its not on the super timing by a super indicator... BUT REAL SUCCESS on scalping comes from choosing the correct argument on the right momentum context the market is going thru... so First things first ¡¡¡ you need to read Momentum like a master ¡¡ so you can say I have X momentum condition and I will choose X Argument to scalp here... Then you will go and time with whatever tool gets you confortable to trade...


so lets get into the momentum world once again, but now more from a scalper perspective... and also from the wonderfull VMA EDGE perspective, continue on next post with next coffee... cheers Walter.

[walterw]

Momentum....


Two conditions :

_Momentum conditions

_Non- Momentum conditions


haaa what a sofisticated reasoning ¡¡¡

still yet there is people that dont have a clue what condition they are in... and what SHOULD they trade on that given condition...



lets first talk about the condition... the market can have momentum, wich means its Trending he is making waves in a given direction, with strenght and without any signal of weakness... thats where the most people (and I think Janice will agree with me) have their dopamine high... they get more euphoric and more motivated about what the marke is doing... lots of newbies mostly get into trades here as they are told this is the easy way to make the millons.... well it actually is... until things get cool off and deception comes in on the hard coiled market... the non-momentum one, the one where people dont get exited about... the one most traders groan about.... the stay out climate mmmm you know what... its true, if you are new, you should stay out, if you get seasoned you will understand to stay in on that non-momentum market...

What types of trades can we aim to do on each of this conditions ? continue on next post...

[walterw]

The type of trades we can aim to do are as follow :

Momentum Conditions : Trend Trades

Non- Momentum Conditions : Cycle Trades

here is a graph explaining this type of trades on the right environment :



so you have from a scalper view... "Trend Scalps" and "Cycle Scalps"...


ahahahaha.... easy to say but not easy to trade if you do not have a correct evaluation and discernment of momentum conditions...

On the posts ahead I will share a series of videos on momentum discernment from a vma perspective ... it will be my joy if at least 1 here gets to master this and makes a succesfull career in trading ¡¡¡ cheers Walter.

[walterw]

And here I start to post a series of videos on "Momentum Discernment"... actually a key skill for any trader... in this case I will do it from the perspective of vma... and oriented to a scalper perspective as well... hope you enjoy them... sorry for my english sometimes, but hope it really capitalizes on the true core skill of a succesfull trader/ scalper....

I am gratefull to all the people that had made posible my formation, starting from God, my parents and all my technical mentors who made possible all this, hope with this I can give back some little of all the SO MANY BLESSINGS I received... cheers Walter.

[walterw]

third one... I think the chimp is cofeehyped jejeje... cheers Walter.

[shreem]

Hello Walterw, very great videos on momentum that you are doing. I really need to thank you for that because it really help how to graphically discern when to use the right tools for the right setup.

This is a clear fact of life that non trending markets are the most feared markets by traders but can be profitable if the right method and the proper discernment is used.

You do really have a gift for teaching.

I think your wish of seeing people succeeding following and applying your method or a mix of it will be granted beyound your imagination.

So, Dear Walterw, a very big thank and gratitude for all the help that you give to all of us on this great forum.

It is much appreciated.

Sincerely

Shreem

[walterw]

Thanks Shreem for your kind words... I love to share, and also love to reinforce my knowledge thru sharing, its amazing the retrofeed I get on this process... thanks for you encouragment and hope to see you on the "Tokyo Gang" ¡¡

here I add 4th one... cheers Walter.