[walterw]

Hello my dear fellow traders ¡¡... this week so far its being a wonderfull one... normal scalping routine and great research as well ¡¡


Yesterday I shared the centrifugal trades, trend trades, on the correct side of the magenta line... so let me start sharing some similar examples from today... as we had some news today, I waited until the news where released at 10 am NYT... then started to scalp... (on my chart 10 am nyt is 12 noon)

on this case I share the oscillator based scalps, wich sometimes may put you in an overtrading scenario... key here is to shoot for very small profits on each trade... you may want to compare how the green/black lines overperformed on many times, calling for less trades and much longer exits...












this is what I would call a real noisy scalping... not suited for everybody, demands speed on your part to close as soon as you get an exit signal...


now on my next post I will share a very nice counter trend type (refresh) M type trade scalp that works very nice to scalp as well... cheers Walter.

[walterw]

I am testing a series of indis from NT... there are some nice ones...

a nice indicator that shows very small lived divergences is BOP (Balance of Power) you can read here how it works http://www.linnsoft.com/tour/techind/bop.htm

so the idea here is to make some waves to the outside first... and then start looking for BOP divergence for a flash M trade scalp...



for timing I am testing some new things as well... but for the sake of introducing this, lets say that a 0 line cross of fxst3cci makes a more robust entry...








So thats a way to take some more confidence to trade M`s ... refreshing back to the magenta line...

If the Divergence is more clear, the more effective may be the trade...

Its scalping, in and out quick... cheers Walter.

[cattus]

Hi Walter.

I didn't have any news for this morning (10 am NY time). To what news are you referring on the previous post (66)?

And... I have a question about the news... usually it is recommended that (for day traders) we must wait at least 15 minutes after the news, in order to don't trade on the crazy moments. But I believe that like a scalper it could be different. What can you tell us about this topic?


I attached a pic with comments on a chart of your examples. I see another divergence and I would like that you confirm it. Could you please do it?

Salu2.

AgustÃÂ*n

[walterw]

Hi Agustin... the news we had today was this :

2007.11.13 10:00 US November Consumer Sentiment n/f 47.3 43.8

Nice divergence there... now I am not looking actually into the cci`s divergences myself... can get tricky...

I attach video of this trades... they actually are False Break M`s with a nice view of the BOP divergence for some more confidence... as all counter trend trades, if momentum is there you will get stopped... so on very strong momentum conditions this trades should be avoided... cheers Walter.

[Armand]

Originally Posted by walterw »

I attach video of this trades... they actually are False Break M`s with a nice view of the BOP divergence for some more confidence... as all counter trend trades, if momentum is there you will get stopped... so on very strong momentum conditions this trades should be avoided... cheers Walter.

Thanks Walter..that video really cleared up the BOP...great job! I want to add this indicator. Does the BOP only need the setting of 14? Thanks...Armand

[cattus]

Originally Posted by walterw »

Hi Agustin... the news we had today was this :

2007.11.13 10:00 US November Consumer Sentiment n/f 47.3 43.8

Nice divergence there... now I am not looking actually into the cci`s divergences myself... can get tricky...

I attach video of this trades... they actually are False Break M`s with a nice view of the BOP divergence for some more confidence... as all counter trend trades, if momentum is there you will get stopped... so on very strong momentum conditions this trades should be avoided... cheers Walter.

Hi Walter.

Great video, Walter, great video like all the other videos yours. Thanks for your teachings.

I do not know what happened with the news that you mention here, but I can not find that new in Forex Calendar, Briefing.com and Econoday.com

Please, do not forget to comment us your rules to trade after the news. Do you do scalping after one minute of the news? Or, do you wait for a few minutes after the news in order to start to scalp? How many minutes do you wait in order to scalp after the news?

Thanks again.

AgustÃÂ*n

[walterw]

Originally Posted by Armand »

Thanks Walter..that video really cleared up the BOP...great job! I want to add this indicator. Does the BOP only need the setting of 14? Thanks...Armand

So far I tested it on 14 and looks good... smaller may get tricky, larger may not show on time divergences... its nice to take m`s looking at this divergences too... cheers Walter.

[cattus]

Hi guys.

Does someone has the Balance of Power indicator for MT4?

I will appreciate your help.

Thanks in advance.

AgustÃÂ*n