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

[walterw]

Hello ¡ Todays first 45 min of session delivered this nice cool flip... kind of coil break type... with pullback outside coil... but it did flip ¡¡ cheers Walter.

[free84]

thank you Walter to share with us its a great technique best regards Thierry

[walterw]

	Quote:	free84
	thank you Walter to share with us its a great technique best regards Thierry

thank you for your kind words Thierry and welcome aboard... should I remind you this method its still on beta, It looks like it has some future...

The overall flip argument its crystal clear...

but there are some topics like timing, stops and exits still to be clarified...

we keep working on it and feel free to interact ¡¡¡ cheers Walter.

[walterw]

Ok as we wait today for the feds number we have more flips on the move...

The first chart is the 55 Tick chart where we monitor for flip formations... you will notice how clearly we broke resistance to then become support , giving us some flip trades...

I am experimenting some other timing alternatives to make timing easier....

1rst experiment : instead of waiting 0 line cross, we can take +-100 recross for timing... for this we can also see with more detail the exact same information on a 22T chart... (can help more precise timing ) its the same cci from 55T...

2nd experiment : we had a zlr type timing for the last flip, so we can take the zlr at the 22T crossing the +50 line making more easy the entry...


I am using cci 14 from 55T chart, the exact same cci will be a cci 35 on a 22T chart... this breakdown is to help more precise indicator reading...

dont forget I am a left brained guy.... cheers Walter.

[Blu-Ray]

Walterw

Great thread, I'm watching closely and also playing around with the cci50 indicator you kindly gave me.

Just a quick question, have you ditched tradestation now?

Cheers

Blu-Ray

[walterw]

Blu ray : I am forcing myself not to have contact with easylanguage, I came to the conclusion that I was adicted to it...

now I am trying to proove myself that its not the software and the sofisticated algorithms that can give you an edge, but a good simple trading idea... and consistency in it...

Glad to hear you are enjoying the flip... cheers Walter.

[Blu-Ray]

	Quote:	walterw
	Blu ray : I am forcing myself not to have contact with easylanguage, I came to the conclusion that I was adicted to it... now I am trying to proove myself that its not the software and the sofisticated algorithms that can give you an edge, but a good simple trading idea... and consistency in it... Glad to hear you are enjoying the flip... cheers Walter.

Walter, nice one..... I know what you mean about being addicted, I've wrote more indicators in the last week, than I have done for the past year.

Keep up the good work and I'll try and chip in if I can.

Blu-Ray

[walterw]

Here we have todays first 50 minutes Flips... in timing cci 0 line cross has performed the best... As you can notice I am posting the entries, in terms of exit I will soon share some ideas... cheers Walter.


PD :both charts are 55Tick

[walterw]

Now on very diferent climate, we had a coil break type flip outside the coil, the first one was a stop and the second one worked nice...

[walterw]

More flips today... cheers Walter.