The Chimp`s new "Futures Scalps"

[PYenner]

Walter
For the benefit of people coming from forex who have not traded YM before..
What is the "pip margin" for YM?

[walterw]

	Quote:	PYenner
	Walter For the benefit of people coming from forex who have not traded YM before.. What is the "pip margin" for YM?

Hi Bruce ¡¡... Ym margin varies from broker to broker, some may ask more than a thousand per contract, other 500, other less than 500...

the minimum fluctuation in ym is the last unit, that represents 5 dollars...

key here is low comisions for round trip... cheers Walter.

[unicorn]

	Quote:	walterw
	The market is somehow far from the axis and its making an M type pattern where it can be ( lazy, equal or false break ) and on that extremes a divergence from an oscillator may come handy to confirm the "potential" exhaustion... One nice classic oscillator for this can be the Chaikin Oscillator as it is a Macd of the Accumulation/Distribution line... so its not a macd of price itself but of price and volume making it more robust... there are many other oscillator for this as well... it is an aggressive type of setup... you look for m`s and get more confident with the divergence... cheers Walter.

Beautiful charts Walter; and very clean description of the concept.

And Twiggs money flow, as you certainly know, is even better than Chaikin Osc.

Now if this is a good signal to enter a trade, it is also a good signal to exit the previous (taken in the opposite direction).

cheers. keep up the nice research.

Unicorn.

[jcorp]

Hi Walter,

Thanks for this thread. It is very close to the way I trade, but your entries seem tighter. I have not been able to figure out how to import the template to NT....I am fairly new to NT. Could you give some advice for NT or, if possible, give the indicator parameters for TradeStation (longtime user).

Thanks again!

Jim

[Blu-Ray]

jcorp

I'll post the Tradestation Indicators later on today as I'm just finishing coded them up.

Cheers

Blu-Ray

[Sparrow]

Change to My Documents\NinjaTrader 6\templates and copy the file there.

Cheers

[jcorp]

Blu-Ray

Thank you.

Sparrow,

Thank you also...worked great.

Jim

[walterw]

	Quote:	unicorn
	Beautiful charts Walter; and very clean description of the concept. And Twiggs money flow, as you certainly know, is even better than Chaikin Osc. Now if this is a good signal to enter a trade, it is also a good signal to exit the previous (taken in the opposite direction). cheers. keep up the nice research. Unicorn.

Unicorn, I will like to see your Twiggs there... how it works... this oscillators on the divergence setup (counter), can be used to time normally on a 0 line cross type entry... can be more of a solid signal to the refresh side... cheers Walter.

[walterw]

	Quote:	jcorp
	Hi Walter, Thanks for this thread. It is very close to the way I trade, but your entries seem tighter. I have not been able to figure out how to import the template to NT....I am fairly new to NT. Could you give some advice for NT or, if possible, give the indicator parameters for TradeStation (longtime user). Thanks again! Jim

Welcome aboard Jim ¡¡... cheers Walter.

[Blu-Ray]

Right here goes for TS users, I've attached 4 indicators in total so you can follow along. I've coded up the Rainbow so it's the same as Unicorn's code and it is what Walter is using on this thread:

Chaikin Oscillator

Used the Built-in TS Indicator and just modified the Color and added a Histogram so it look like the one Walter is using.



MA's3

Hull MA with the Simple MA attached to it and an option to plot an EMA if required. Also added a "Vary Color" option so the Hull MA will change color if it's above or below the SMA.




MA-Directional Paint Bar's

Just something I wanted to add, as personally, I like it to be as easily visual as possible. So this paints bars as to whether the Hull MA is above or below the SMA. (ps. If you do use these, make sure you insert them onto your chart BEFORE the Rainbow.)



VMARainbow

I've added a color choice into this so you can change the color of the main rainbow in one easy go. ( if you wanted to )



Hope this helps

Blu-Ray