The Chimp`s new "Futures Scalps"

[walterw]

Thats good Jim, keep that up ¡¡ here you have an explanation on how to upload charts http://www.traderslaboratory.com/for...perly-805.html will love to see yours on ES...


I attach a video about coil breaks followed by icon-flip formations... cheers Walter.

[Armand]

	Quote:	walterw
	Thats good Jim, keep that up ¡¡ here you have an explanation on how to upload charts http://www.traderslaboratory.com/for...perly-805.html will love to see yours on ES... I attach a video about coil breaks followed by icon-flip formations... cheers Walter.

Great videos Walter...very helpful. Thanks...Armand

[jcorp]

Hi Walter,

I have been playing with ES and find that a 44 tick chart is about as close to the 22 YM as possible. At least with todays volume. I normally like to use volume charts, but I cannot find anything that looks even close to the 22 YM. All your other settings are the same.

I know that a lot of traders think that it does not move enough to scalp, but consider the following:

It's 200 day ATR is 19.09 times $50 per point gives $954 avg per day

Ym has a 200 day ATR of 154.91 at $5 gives $755 avg per day

It is not all that difficult to scalp 2 ticks and with a $5 round trip you are still $20 ahead.

Jim

[walterw]

	Quote:	Armand
	Great videos Walter...very helpful. Thanks...Armand

Glad you like it Armand... those actually where live jejej... I will keep posting on this ones... they are very easy to trade...

	Quote:	jcorp
	Hi Walter, I have been playing with ES and find that a 44 tick chart is about as close to the 22 YM as possible. At least with todays volume. I normally like to use volume charts, but I cannot find anything that looks even close to the 22 YM. All your other settings are the same. I know that a lot of traders think that it does not move enough to scalp, but consider the following: It's 200 day ATR is 19.09 times $50 per point gives $954 avg per day Ym has a 200 day ATR of 154.91 at $5 gives $755 avg per day It is not all that difficult to scalp 2 ticks and with a $5 round trip you are still $20 ahead. Jim

Nice chart Jim... I like how ES is doing lately, very nice performance, can you keep us posted on this ?.. very good stuff...

cheers Walter.

[unicorn]

	Quote:	walterw
	I attach a video about coil breaks followed by icon-flip formations... cheers Walter.

Hello Walter;

Very nice video, as always.

I found the 22 tick chart too fast.
What are your research results regarding trades on the 55 Tick chart, or even the 89 Tick chart?
Can we draw parallel tactics, as with the forex vmar trade methodology?

cheers.
Unicorn.

[walterw]

	Quote:	unicorn
	Hello Walter; Very nice video, as always. I found the 22 tick chart too fast. What are your research results regarding trades on the 55 Tick chart, or even the 89 Tick chart? Can we draw parallel tactics, as with the forex vmar trade methodology? cheers. Unicorn.

Hi Unicorn... 55t can work ok as well... 89 may be a little to long already for my taste, but thats me... some other people like to trade more larger timeframes...

The tactics are basicly the same... centrifugal and centripetal setups, the centrifugal are iconic type of setups and the centripetal are M`s type of setups... just that...


you can see the "setuping" on the price pane with one of the many rainbows alternatives of most confort and the "timing" can be done with hulls, vma`s or oscillators...

Thats a very concise resume of the chimps general aproach...

on the next posts I will be dealing with a nice larger trailing exit that the rainbows suggest, giving a non-scalper alternative to shoot for more profits on a`trade... I am baking some bread right now.... post soon... cheers Walter.

[walterw]

So about this larger exits, it is an alternative for those who wish to trade with this tools but on a not so scalped way...

I personally like to scalp in and scalp out, but this is an alternative I thought we should have in mind for the other type of traders...

In this case I will be referring to a centrifugal trade, after crossing the magenta line, and an Icon formation, the trader opens a position... from there on he establishes the magenta line as his only exit, be it a stop or be it profitable... this combo may ofer a very good RRR as he will be inside of very nice large moves... on a very cycle day he will have to asume several stops when the scalper actually took profits...

some examples :







I would personally never trade that way, as its not my style of trading, but thought the idea could come handy for those who like to stay more time in on a trade...

cheers Walter.

[walterw]

Hello dear fellow traders... today US session started with a wonderfull cycle action... forming a very nice coil, then breaked coil and had an iconic formation for a very nice trade...





certainly a very nice way to start the day... notice the posible larger exit with the green crossing the black line... cheers Walter.

[walterw]

And then this nice Icon followed by a magenta reject continuation...





and as I am doing this post... another small pretty Icon..



cheers Walter.

[walterw]

And a video on this beautifull day... now I will relax a little bit... see ya soon.. cheers Walter.


PD : Would love to see others charts ¡¡