The Chimp`s new "Futures Scalps"

[PYenner]

Lucky last pix 13 and 14.
This was a pattern where all the majors move up at once.
The exception is USDCHF which is a inverted pair, it goes down when the rest go up. If you get access to the sensible pair CHFUSD it would be easier to use because it would go up when EURUSD goes up. Anyway thats the reason you may see me going short in USDCHF and long in everything else.
Trading is about working, there are no shortcuts.
Happy Hunting
Bruce

[cattus]

Oooops! I hope that The Chimp is not angered with us by to have soiled this subject of futures with forex, jeje. But your answers are very useful, PYenner, thank you very much. Excellent information in your post #94.

I guess you should open a thread about these researches...

AgustÃÂ*n

[cattus]

PYenner.

Seeing those results, I believe that soon you are to become in a rich man...

Salu2.


AgustÃÂ*n

[walterw]

Hi Cattus, Hi Pyenner... very interesting info... no problem with postings, we are not that strict, otherways it would be imposible to do all what we did so far... flexibility is a good policy sometimes...

Cattus : I DO trade centripetal trades, actually thats my expertise in futures, but I do it in a diferent graphic context, you may want to check this threads :

http://www.traderslaboratory.com/for...rade-1994.html
http://www.traderslaboratory.com/for...rade-1942.html

so far I trade with this charts, using keltners and regular cci.... Now this new graphic context looks good, so I may start doing some live trades with it, I actually already did some...


I share Bruce perspective in the selection of pairs for forex... so far I am on Eur/Jpy for my research as it has a nice range and at least with EFX, spread goes from 1 to 3 pips, so its a very nice pair to get a good scalping strategy runing...

take care Cattus and thanks Bruce for the good info ¡¡ Love to hear your scalping results ¡¡ cheers Walter.

[PYenner]

Cattus
The results look better than they actually were, there was a lot of drawdown allowed in those trades which is how I avoided taking losses, but it is seriously stupid to allow big drawdown. So they are actually a bad example of how to trade. But I have wanted to post sometime for a long time that shows fx really can be traded, which many people doubt. So fx is for real and so is Walter a for real trader.
Unfortunately the market still has hard lessons to teach about defects in your thinking and in your understanding, so I still take too many losses in the real world. Thats why I am here learning better entry timing and better thinking from Walter.

Walter
Thanks for your tolerance. My live trades are done in Australian time which is 13 hrs ahead of gmt and further ahead of est, so its too much work to present the trades as examples, plus I mix a more aggressive style with your safer style, discretionary. But it has been going like 4 trades for 20 pips on a modest day, up to 12 or 20 trades when the markets are moving like the good old days and thats when it gets to be fun, in sync with the moves...
Your 5min/1min entry is a major asset that allows for clean fast low stress trading. I always assumed that later entry meant less profit but it is giving a far more consistent entry that also lets you stop out quick if it doesnt look to be developing as it should. Has me wondering why I ever wanted to trade any other way. Thank you.

Bruce

[cattus]

	Quote:	PYenner
	Cattus The results look better than they actually were, there was a lot of drawdown allowed in those trades which is how I avoided taking losses, but it is seriously stupid to allow big drawdown. So they are actually a bad example of how to trade. But I have wanted to post sometime for a long time that shows fx really can be traded, which many people doubt. So fx is for real and so is Walter a for real trader. Unfortunately the market still has hard lessons to teach about defects in your thinking and in your understanding, so I still take too many losses in the real world. Thats why I am here learning better entry timing and better thinking from Walter. Walter Thanks for your tolerance. My live trades are done in Australian time which is 13 hrs ahead of gmt and further ahead of est, so its too much work to present the trades as examples, plus I mix a more aggressive style with your safer style, discretionary. But it has been going like 4 trades for 20 pips on a modest day, up to 12 or 20 trades when the markets are moving like the good old days and thats when it gets to be fun, in sync with the moves... Your 5min/1min entry is a major asset that allows for clean fast low stress trading. I always assumed that later entry meant less profit but it is giving a far more consistent entry that also lets you stop out quick if it doesnt look to be developing as it should. Has me wondering why I ever wanted to trade any other way. Thank you. Bruce

Hi Bruce.

I have experimented in forex something like you as described for it. The market always have the reason... it is hard to learn this...

I supposed that your results on that period occurred because you did not put stop losses, but it is very different in a real account, we fall in panic if we do not put them... anyway, you experimented with good systems, only you needed to optimize them... and the master to do that is here: hello Walter! I am experiencing much improvement in my operations with the lessons of Walter... thanks buddy ...

Anyway, you Bruce has a good inputs to us about the characteristics of the pairs that it is a good idea to hear it experiences of you...


And thanks for the tolerance Walter... I am thinking about speaking also a little of futbol here... you know, Boca, River, Tigres... jeje

Saludos....

AgustÃÂ*n

[PYenner]

Walter
Should have said that it is your expansion entries that seem to deliver the clean consistent trading, just as you say. Sometimes pullback or icon entries are good too but when the pullback is messy I tend not to trust them for a clean entry, so maybe one trade in 4 is a pullback type entry that looks clean, most are early expansion type entries, depends on the strength of the day.
Bruce

[PYenner]

	Quote:	cattus
	I have experimented in forex something like you as described for it. The market always have the reason... it is hard to learn this...

Exactly. Having 10 pairs to make sense of is hard, when you get your wires crossed it hurts. Like you, I seek the reasons but I am only half way there, need to reduce the complexity before the trader can use it without shooting himself in the foot too easily.

	Quote:	cattus
	I supposed that your results on that period occurred because you did not put stop losses, but it is very different in a real account, we fall in panic if we do not put them... anyway, you experimented with good systems, only you needed to optimize them... and the master to do that is here: hello Walter! I am experiencing much improvement in my operations with the lessons of Walter... thanks buddy ...

Exactly, it was an experiment done without stop losses to mess up the picture. It could only be done with a large demo account. It is unrealistic for a small live account, that is why it is not good to post those records. Thank you for understanding.
Bruce

[cattus]

	Quote:	PYenner
	Exactly. Having 10 pairs to make sense of is hard, when you get your wires crossed it hurts. Like you, I seek the reasons but I am only half way there, need to reduce the complexity before the trader can use it without shooting himself in the foot too easily. Exactly, it was an experiment done without stop losses to mess up the picture. It could only be done with a large demo account. It is unrealistic for a small live account, that is why it is not good to post those records. Thank you for understanding. Bruce

Thank to you, Bruce. Good commentaries yours....

AgustÃÂ*n

[unicorn]

	Quote:	walterw
	a nice indicator that shows very small lived divergences is BOP (Balance of Power) .

Hello Walter;
would you please post the BOP indicator, as implemented by ninja trader?

Take care.
Unicorn.