Walter`s Forex "Vma Trend Scalps"

[walterw]

Since I started all the vma research I had come thru quite a wide range of alternatives... I think this is possible thanks to Bruce (Pyenner`s) great contributions in terms of indicators programing...

Right now I am on this MT4 confortable platform with EXCELLENT indicators that do outperform lots of other comercial indicators... so first let me say again THANKS BRUCE ¡¡¡

The "vmar icon" trade is so far the most longer term trade I have here... then the "5 min laddering" could be a middle term type one... this one I will start sharing here is not suited for everybody... its a very small term scalper trade that I sincerily love to trade... its the most near to my "confort zone"...

So this thread will be dealing with this new scalping derived from vma`s...

A word again on scalping : whats the scalpers target ? it should normally be X $ per day thats how this works... some days will take you a few minutes to make it, some other days you have to sweat a little more, some days you may get a little headache... BUT at the end EVERY DAY you come out with X $ target on your pocket... period, thats a way to aproach scalping, thats the way to make each day my daily bread... So, this thread will deal with that ok ?....

Let me share some insights about my daily targets : on this case I want $4 per day/contract just that... funny uhuu.... well the top amount of contracts for this method will be 1000 contracts... so you will be able to make 4k daily and it should represent 80k monthly... all this on forex my friends...

For the millons I am getting better on "vmar icons" as I expect to trade much more than 1000 contracts... so this paralel scalping is to make trading fun and insure some small incomes on the way....

So what roll will vma play on this trades ?... well... so far I find Vma with its most interesting combinations giving an EXCELLENT trend definition... it tells you in a very clear way what the trend is and what momentum you have...

NOW... so far in terms of timing for this very small type of trades I did not find "yet" a good timing on vma`s... so I did combine my classic CCI readings into this ecuation...

Cci works very well when you have a GOOD base trend definition behind you... its not perfect, it will never be, BUT its good enough to make my 4 bucks per day...

so on next post I start sharing all this definitions... cheers Walter.

[walterw]

So lets get started with trend... as the name suggests it will be trend trades... we will take trades on the direction of our defined trend definition...

Here Vma`s will show once again their incredible edge to show nice clean trend definitions...

ALL THIS its still research.... get me clear here... I am researching....

If I want to trade on very specif timing at the 1 min chart... then looking for trend on the 5 min is a wise thing to do... so I will use the 5 min chart for trend definition... you will see later that I also have some more confirmations on trend at the 1 min chart, but trend definition starts on the 5 min chart...

This is the first view of a new trend definition :



2 Stupid lines still 2 Amazing lines...

when they get together you only see 1 line, well that means Horizontal Effect (HE) wich is in terms of trend = NO TREND...

Obviously when things start to take a direction you will see both lines and it will define our basic trend definition... let me add video here.... cheers Walter.

[walterw]

Here is a video on this new cool trend definition... I believe vma`s HE at its best... cheers Walter.

[Nick1984]

Now this is what I'm gonna love. A scalping type thread. I though't you'd abandonned your scalping roots for a while there Walter This thread I'll be following closely.

[walterw]

	Quote:	Nick1984
	Now this is what I'm gonna love. A scalping type thread. I though't you'd abandonned your scalping roots for a while there Walter This thread I'll be following closely.

yea... unfortunately the roots are there... I have to say that "vmar icons" so far have much better RRR than this scalper one, but cant get against my roots lol.. I hope this will not confuse anybody as I am actually following all methods simultaneously.... cheers Walter.

[Nick1984]

Your Icon trades work well with a high RRR but also (based on my own experience here) have a pretty high success rate as well which makes them very good trades, but you're not always going to get many perfect icon setups in any one day. In forex that might be different though.

The scalping technique you're developing though will be very interesting cause you can always trade these in spot forex or forex futures while you're waiting for your medium intraday setups to develop, or even just scalping the pullback in an icon itself!

A fantastic way of supplimenting your income from your longer term trades.

[Blu-Ray]

	Quote:	walterw
	yea... unfortunately the roots are there... I have to say that "vmar icons" so far have much better RRR than this scalper one, but cant get against my roots lol.. I hope this will not confuse anybody as I am actually following all methods simultaneously.... cheers Walter.

No confusion here Walter, I'm looking forward to it, I've just downloaded MT4 until I can code vma3 into TS.

Cheers

Blu-Ray

[walterw]

Actually the idea is to trade something and keep you awake while the other longer trades are setuping... have some fun, make some money... cheers Walter.

[walterw]

	Quote:	Blu-Ray
	No confusion here Walter, I'm looking forward to it, I've just downloaded MT4 until I can code vma3 into TS. Cheers Blu-Ray

Thats good Blu-Ray, you will notice MT4 its still quite a friendly platform, and also has a good normal connection (no issues).... enjoy¡¡ cheers Walter.

[shreem]

Hello Walterw and all, I agree, this new scalping trading style is not confusing at all. On the contrary, it is just an excellent addition to your others threads. In fact, following the VMA Icon and this scalping method can certainely be great complementary trading styles.

I have a little question for you Walterw. How do add the white line on the chart? Do you add once again the FantailVMA1 template and remove all others lines and just keep that one wth the right setup?

Thank to clear that for me.

As always, your video and analysis on this thread is as great and fantastic as the other's ones.

Sincerely

Shreem