The "Flip" Trade (support and resistance changing roles)

[walterw]

Today june 19 we are having a very dull market, so runners are not an alternative... just scalping... I had a pair of scalps good for some ticks, cheers Walter.

[Blu-Ray]

Nice one Walter, I managed to catch the second one.

Missed the 1st one as I keep waiting for the picture perfect ones, as in where the S/R line is touched.

Keep up the good work

Cheers

Blu-Ray

[walterw]

Glad to hear that Blu-Ray, today we didnt have much amount of flips... the reason is very simple : there is not much momentum so there are al lot of setups that get invalidated specially on the pullback to level... (too deep)
Some two more flips, I didnt trade them... cheers Walter.

[walterw]

Today june 20 had one flip so far... was not a big deal but worked fine taking entry from -50 and again scalper exit was the most rentable one here...

I will soon open a new thread with a technique that compliments on this kind of days when there are nice trades but are not flips, it will use some momentum concepts used for flips and will also capitalize on the timing methods used on flips, but will open a lot of more oportunities to trade...

cheers Walter.

[Blu-Ray]

	Quote:	walterw
	I will soon open a new thread with a technique that compliments on this kind of days when there are nice trades but are not flips, it will use some momentum concepts used for flips and will also capitalize on the timing methods used on flips, but will open a lot of more oportunities to trade... cheers Walter.

Excellent stuff Walter, I'm looking forward to it.


Blu-Ray

[walterw]

	Quote:	Blu-Ray
	Excellent stuff Walter, I'm looking forward to it. Blu-Ray

Yes Blu , I have two more setups two share on futures, I did had a process there using the flip timing methods for them... I dont want to overload information... thats why I still didnt post, but I will soon share..., feel free to post your flips... cheers Walter.

[walterw]

So far today we got this nice flip right after an abc trade... cheers Walter.

[walterw]

Today I will post an offline flip (did not trade)... I had been doing M`s lately with my old method, but I have to confess flips setups are much easier... so I will try to keep posting here my flips on the coming days... so far I am following YM on a 55T chart with a keltner exponential 100 / 1 and 2.5 atr, on the cci you have cci 14 and cci 6 for turbo...

From all my last research in futures, flips are the trades that have something special on being easy to spot... and sometimes when you feel a little lazy to be making too much algorithms on your head this is one setup that gets me relaxed... compared to abc`s the advantage flip has its that there is not so many amount of signals, abc`s can eventually make you overtrade... M`s or lazy trades is for oldies an there are so many subjective perception nuances that I really fail to post here objectively on this trades... it is a type of trade I think should be thought on site... lol... now flips are easy and straight forward, and for me posting here helps me a lot as I get to see my mistakes and my good performance as well, and if someone at the same time its following this simple method, I hope I can help and please feel free to share some charts here... cheers Walter.


PD: at this point I am only using scalper exits "The Exit"... with re-cross of 50 levels...

[Blu-Ray]

	Quote:	walterw
	... compared to abc`s the advantage flip has its that there is not so many amount of signals, abc`s can eventually make you overtrade...

Walter

Just a quick question if I may, I know when you started the ABC thread you said that you were using the same indicators and tick chart as the flip methodology. Then you switched to a 22 tick chart with a new oscillator as well, so I was wondering, what nuances did you find with the ABC method?

I can see where overtrading would come into it, as it throws out a lot of signals, but there are also a few where you would get shaken out as well. I would really appreciate your comments, as when waiting for flips, alot of the time ABC patterns occur instead.


Cheers

Blu-Ray

[walterw]

	Quote:	Blu-Ray
	Walter Just a quick question if I may, I know when you started the ABC thread you said that you were using the same indicators and tick chart as the flip methodology. Then you switched to a 22 tick chart with a new oscillator as well, so I was wondering, what nuances did you find with the ABC method? I can see where overtrading would come into it, as it throws out a lot of signals, but there are also a few where you would get shaken out as well. I would really appreciate your comments, as when waiting for flips, alot of the time ABC patterns occur instead. Cheers Blu-Ray

Yes Blu-Ray I do have a 22 Tick chart also on my trading, I use it for "Very specific timing" I do use it for flips as for abc`s... now my experience with abc`s is that the best abc`s that did work happened also to be flips, so it was adding to much noise into my trading, having too much trades I dont really need... so for the sake of simplicity I just choose to trade flips at this time and my regular M`s.... I will show you on post my 22 T charts also... cheers Walter.