[momentom]

Here's Blu's Fantail on MultiCharts.

Firstly, thanks to Walter, and secondly, thanks to Blu for the eld.

Entry was Walter's criteria (I hope) and exit was based om the benetration of price into the Rainbow. (see arrows)

This looks like shooting fish in a barrel :-)

[Blu-Ray]

Good analysis there Momentum, glad to see they work ok in MultiCharts.

This method is looking great so far.


Cheers

Blu-Ray

[momentom]

Walter, the great strength of this methodology for me and other rule based traders is that setups can be defined VERY precisely. This means that pulling the trigger is easy and the best trade locations can be achieved if your setups are a bit aggresive.

[walterw]

Originally Posted by momentom »

Walter, the great strength of this methodology for me and other rule based traders is that setups can be defined VERY precisely. This means that pulling the trigger is easy and the best trade locations can be achieved if your setups are a bit aggresive.

Hi Momentom... thanks for your kind words and I am very glad you like the system... I believe it has great future... I defenitely agree on the quirurgical precision you have on the timing there is no double guess here and the cleaning of noise is just outstanding... about your posted chart
correct ¡¡ thats how this works... love to see this charts guys... keep them coming ¡¡ about exits I will soon post... cheers Walter.

[walterw]

Another Example described here... cheers Walter.

[ztrader]

Walter,

Felicidades! nice thread on Trend Trades. I did a quick improvised over RMMA on NT to plot the VMAs. Take a look at the trade chart on ER2 today. BTW, RMMA and VMAs are not part of my system (yet), I just thought I get a quick visual overview of it.

Gracias,

ztrader

[walterw]

Originally Posted by ztrader »

Walter,

Felicidades! nice thread on Trend Trades. I did a quick improvised over RMMA on NT to plot the VMAs. Take a look at the trade chart on ER2 today. BTW, RMMA and VMAs are not part of my system (yet), I just thought I get a quick visual overview of it.

Gracias,

ztrader

They look pretty good ztrader ¡¡... I did test NT with forex data, some time ago quite friendly chart platform... even with tick charts, unfortunately I am not good programing on their language... how do you find the prospect potential of this horizontal VMA lines ? cutting down noise... cheers Walter.

[walterw]

I will start posting here on the topic "Closing Positions" ...

This includes :

_Stops

_Exits


I always consider this topic more individual, thought to really make a system we must actually include how are we going to close our trades...

but why more individual ? because believe it or not closing a position is where you can see the traders personality, you can see how much tolerance he has to certain type of risks, from his $ amount on acct, his psiche and his character (patience, faith, optimism, etc)... its quiet subjective a traders profile in this arena... but anyway its good to have one good clear TECHNICALL criteria to stick too and trade by the rule...

I want to make clear that at this point this thread still is on a research process, wich means I am still open to modifications...

What I will present here in terms of exit methods its what has until now pleased me the most... but by no means this can be the best way of exiting...

Remember that I am very biased to make $20 per contract/ week on a consitent basis... so that really has some impact on my exit systems...

I think today Momentom has made some advances of how we can read an exit... its pure logic... the inverse movement has to be taken into acct here...

Now remeber when we talked about expansion/contraction ? well if your trade will succeed, she actually needs expansion to happen... so contraction after that will be the sign that she is probably over...

Now let me give a word on RRR (Risk Reward Ratio )... this is the backbone of trading... it is the reason you can take relaxed stops... so the ideal trade is one that actually takes good profits...

Dont get me wrong when I say that I aim $20 contract/week, this doesnt mean that I will limit my profit potential... its more of a bussiness target that organizes my vision of my trading... so letting a wining trade keep running its not conditioned by my fixed target... yes it afects wich trades I take, and wich trades I simply dont take... I like more the "shurefoots" wich we will talk later...

so I will take some cofee and continue on next post... cheers Walter.

PD : I love cofee ¡¡