Walter`s First Forex Research (various ideas)

[Don4 10]

Here is another possible set up on usd/jpy.

 

[walterw 10]

Here is another possible set up on usd/jpy.

 

 

 

looks interesting Don, Notice also that doji on the top...

[Don4 10]

Ok walter,watching the usdjpy I finally felt it would be a good time to enter the trade (DEMO). stops would be in place at 123.70.See what happens!

 

 

 

[Don4 10]

Ok I guess this could be a good place to scale out half and let the other half run. And maybe move the rest of the position up to break even. Dont know we havent really discussed much on exits.(There is many posiblities)

 

 

 

[Don4 10]

Ok walter last chart new 30 min trendline formed and retest(just some ideas)

 

[walterw 10]

Wow Don, very good stuff man ¡¡ I see you are really getting good on this, that doji on red big hull was superb ¡¡ keep up Don, we will make it to Tokio ¡¡ cheers Walter.

[Don4 10]

Just setting here watching the battle take place:D From a RR standpoint a short would be perfect(but still watching)

 

 

 

[Nick1984 10]

Whats the time frame on your short Hull Don? The price seems to obey the trend line very well bouncing off it But I'm curious as to why you would go short there. On that chart those 2 four hour trend lines are showing an upward pattern and both hulls look to be bullish especially the longer term Hull. Wouldnt you wait first to see how price behaves once it reaches the upper trend line?

[walterw 10]

Hi Don, would this be the setup ? cheers Walter.

[Don4 10]

Made a mistake on earlier post The blue Trendline was 1Hour (but still watching).

 

 

 

[Don4 10]

Hi Don, would this be the setup ? cheers Walter.

 

Hey walter yea thats what i was thinking depending on the retest of the 4hour and 1 hour trend lines. Nick yea i was only speaking of RR on taking the trade,your right the hulls do not match on taking a short so i would wait till the hulls was in line for a better set up.

[Don4 10]

Ok the hulls are starting to line up after some rejection to the trendlines.What i would like to see is more of a drop in price and retest of the large hull I believe that would be a good time to short.

 

[Don4 10]

Ok walter so far we have the New Breed Flip,The Icon,The Icon w/Trend line.So whats your thoughts so far anything with potential!

[walterw 10]

Ok walter so far we have the New Breed Flip,The Icon,The Icon w/Trend line.So whats your thoughts so far anything with potential!

 

 

Yes Don I am about to post a new Idea here... the name could be : The "New Trend" trade... I will post in some minutes... cheers Walter.

[walterw 10]

Ok, so now let me present this new idea here... I know many people on this forum are not enthusiastic about indicators, and dont believe in indicatorism... well I dont believe also in indicators by them self as the concept of the trade and using a nice indicator to show that...

 

Now Indicators make me think of electricity... some 200 years ago people used oil lamps at night, today we have electricity and have light bulbs... Now both use "light".... but there is a clear diference on this light... so may happen with some distinguished indicators that bring the same light but in a diferent more easy brighter presentation...

 

I came across an indicator at the mt4 forex tsd forums, it was created by a lady called Nina, looks like she is from Spain... the use she gives to the indicator its very diferent to what I will present here... its a sort of step ma.. that works like an oscilator between the range of 0 to 1... now it has a very fancy signal line wich the crosses of that signal are marked with arrows... eventually if I get to program mt4 I will just take them off..(the arrows)...

 

My creativity was triggered here on one fact that Nina did not take much into acct.. and that is the middle line of the oscillator ( in this case 0.5) all oscillators have a center line (cci its 0 , stochs are 50 , etc ) this center level means a lot... Now on this simple and powerfull indicator, this 0.5 level really means a LOT... in terms of trend determination...

 

As I was looking at it... I found that the yellow line has a cool performance being above or below 0.5...

 

As I keep evolving on the observation I see that a fixed band could be added to make even more robust this trend definition, so I add a +-0.1 factor to this center line and I get this two lines 0.4 and 0.6... mmmmm

 

there is a clear reading now... we have an up and down being clearly given by this indicator wich has a great capacity of filtering noise and giving a very reliable trend definition... a new trend defintion has born the "New Trend" is here...

 

Now the Cool thing here is that we also get a very nice momentum reading indicator... as the "signal" nina created (white line) can show us in a very robust manner how far or near he is from the 0.4/0.6 band... and this indicator gets my 5 stars calification as I never got to see before such a nice performance in this two trend/momentum definitions...

 

Then this indicator starts to rock on some other aspects... like trailing the exits... he can literally keep you inside of very huge moves...

 

Dont get me wrong, perfection doesnt exist... but EDGE DOES... :p;);)chatterbox;)

 

So from here on we can speculate on a great range of alternatives on its aplication...

 

So far I have some ideas will add in next post... cheers Walter.

[Don4 10]

Walter,I auctually did follow her thread for a little while but at that point in my trading it didnt last long:D But any way just wanted to make sure we are on the same page this is the indiacator i have.(Looks a little different than yours)

 

 

 

[walterw 10]

Walter,I auctually did follow her thread for a little while but at that point in my trading it didnt last long:D But any way just wanted to make sure we are on the same page this is the indiacator i have.(Looks a little different than yours)

 

 

 

 

Yes it is the same indicator, now her aproach doesnt take any edge from this indicator as I want to explain... there can be a real diferent reading of this indicator wich gives an enourmos edge... cheers Walter.

[walterw 10]

Ok, I did some modifications to the indicator, take off the arrows, added the 0.4 and 0.6 levels... its more clean now...

 

I attach a first idea of how I am looking at this indicator....

 

1rst Strong break.... takes me to level 1

 

2nd Pullback

 

3rd Entry with t3cci...

 

4th can trail the trade with white line and the 0.6 line too...

 

Just a very first Idea... there is much more to this... cheers Walter.

[walterw 10]

Here I attach the modified version of the indicator... any problems please tell me...

aNina_v3.zip

[walterw 10]

Look at this 5 min chart with icon aproach plus new trend... the chart talks chatterbox cheers Walter.

[walterw 10]

Notice the long term trend being clearly Up with the blue hull and new trend cant break below 0.4.... WHEN.... only WHEN new trend breaks 0.4 I will start to think maybe things will change direction...

[Don4 10]

Walter this was my reply,But then i relized that something must be wrong with indacator. How can the 1 min never break below the.4 line but 5min did before the 1min. (I really like the concept with this indiacator)

 

 

 

"Walter, looking at the gbpusd on one minute i posted some pictures. From the first time price stepped up from .6 June 15(1st picture) it never crossed back down below the .4 till June 21(2nd picture) and thats on 1 min chart!!

3rd picture I zoomed out to 15min not changing any of the vertical lines that i plotted on the 1min. Look at the move it would have caught!!!!!!!"

 

[walterw 10]

Don : are this your inputs ?

[Don4 10]

Yea same inputs.

[walterw 10]

Something is diferent there... what data server does your mt4 uses ?