[walterw]

Hello my dear fellow traders ¡¡ it has been a wonderfull weekend to forget about the markets, clean up the mind and start a nice new fresh week ¡¡¡

So far today was a quiet day... but a nice little "clear" flip made me 70 dollars per contract minus funny comissions from my beloved broker...

At this point I am ONLY looking for "momentum flips"... wich means the first pivot that forms the flip its at the outerband level...

You have a nice "flip" to share ?, feel free to post here... cheers Walter.

[walterw]

And late on the session another decent "flip" cheers Walter.

[waveslider]

Hey Walter you might want to check out the indicator I posted called 3bar, it's in the indicator forum. It identifies what you are looking for visually.
I have tested it doing what you are doing, and it tests well..

[walterw]

Originally Posted by waveslider »

Hey Walter you might want to check out the indicator I posted called 3bar, it's in the indicator forum. It identifies what you are looking for visually.
I have tested it doing what you are doing, and it tests well..

Yes Wave I did have one similar coded by myself some years ago, basicly you are plotting the level of the most significant pivot... by the swing criteria, something similar was done by Wayne Harris from kwikpop.... and then extended into channels...

At this point I like to identify pivots manually in relationship to the keltner outerbands.... because I am combining flip with a momentum aproach based on keltner....

I will like to see some of your charts using this indicator for flips... cheers Walter.

[walterw]

Today may 30 was an interesting day on "flip".... and some new nuances are coming in wich I think are worth consideration...

As always the first pivot that forms the flip its in the outerband level (for potencial momentum moves)....


On the first chart there was a little mini flip... I dont trade does.. prefer to see cci on 0 for a zlr type timing or better below 0 for 0 line cross timing...

On the second flip timing from -100 would had been very nice... thought its agresive but has better RRR....


Now, a word about runner clossing... I came to the conclusion that the best runner exit is with the +-50 levels confirmed cross ... cross down -50 for closing longs, cross up +50 for closing shorts...

On the second chart today again taking the trade from -100 would make it more agressive but with better RRR and notice the runner , it worked for 240 dollars per contract... I must confess I got out on the previous 0 line cross with 100 dollars less... but a good observation of this type of situation helps to curb the analisis toward the +-50 lines for next time... cheers Walter.

[Don4]

Hey Walter, something that i keep noticing while looking at your system in that once price breaks the outer band then crosses back through the zero band does it form strong support and resistance, was wondering if you noticed the same thing.

[walterw]

another "flip" on this evening.... cant believe I am trading at this time of the day... cheers Walter.

[Don4]

Walter, just wondering if you missed post 70.