Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

walterw

Walter`s Forex "Vma Trend Scalps"

Recommended Posts

Walter you missed one post; and I though you liked the JPY!!!

 

Well Walter, I certainly don't want to miss your remarks on my charts.

Yes, I realize that the DAX is not forex, but let's pretend it is a currency and improve on our methodology.

Actually your methodology, "ours" in the sense of our intention to apply it, when finalized.

 

So the questions today refer to:

1) aggressive or conservative entry

2) exit strategy using Hook From Extreme.

 

Your point of view is always appreciated.

 

Cheers.

Unicorn.

 

 

I would time on 55T chart only... and the HFE some times can get tricky, (due to divergences) happened to me when I was ccier , If you want to use oscillator, you may want to check the histogram of the first oscillator crossing 0... still can get tricky sometimes (divergences)... for exits I liked the "red area"... clean exit criteria , no oscillator divergences risks.. (getting you out before time) ...

 

here is chart :

 

attachment.php?attachmentid=3790&stc=1&d=1194053320

 

I see the concepts are getting really uniform from chart to chart... looks like we where looking always the same chart.. jejej... when that happens its a good signal of progress ¡¡

 

keep them coming Unicorn... good stuff... cheers Walter.

Share this post


Link to post
Share on other sites
I would time on 55T chart only...

 

keep them coming Unicorn... good stuff... cheers Walter.

 

Hello Walter;

 

Have a look at this one: cable, London open 02-11-2007.

Slow, noisy market. Pick your trades please.

 

Have a good day.

Unicorn.

Share this post


Link to post
Share on other sites

 

keep them coming Unicorn... good stuff... cheers Walter.

 

eurusd 02-11-2007

 

 

Walter do you agree with the distinction in two types:

 

vmar icon "vmar trade type 1"

reject me baby "vmar trade type 2"

 

cheers

Unicorn.

Share this post


Link to post
Share on other sites

 

keep them coming Unicorn... good stuff... cheers Walter.

 

Walter, Blu-Ray

Two alternate exit definitions to consider:

 

eurusd 30-11-2007

 

 

I hope the files were attached this time. hmmmm::hmmmm::hmmmm::frustrated::frustrated:

Unicorn.

Share this post


Link to post
Share on other sites
Walter, Blu-Ray

Two alternate exit definitions to consider:

 

eurusd 30-11-2007

 

Unicorn.

 

Walter, Blu-Ray

Two alternate exit definitions to consider:

 

eurusd 30-11-2007

 

 

I hope the files were attached this time. hmmmm::hmmmm::hmmmm::frustrated::frustrated:

Unicorn.

 

And another one: Twiggs Money Flow.

 

Hi Unicorn... from all the researched so far I like the "red area" exit... as it doesnt have any divergence risk into it and it can eventually keep you inside of big moves... otherwise I would exit acording to my daily target ( if meeted)... cheers Walter.

Share this post


Link to post
Share on other sites

Some charts...

 

you basicly have two setups there, or icon or continuation...

 

attachment.php?attachmentid=3815&stc=1&d=1194141919

 

attachment.php?attachmentid=3816&stc=1&d=1194141919

 

attachment.php?attachmentid=3817&stc=1&d=1194141919

 

there are cases of very shallow pullbacks, one alternative is the oscillator... on my new aproach you will see how I deal with shallow pullbacks with more eficiency thanks to vma`s combined to hull signlas ... just very cool stuff indeed...

 

take care Unicorn ¡¡ nice charts... cheers Walter.

Share this post


Link to post
Share on other sites

Take care with agressive entries without some proper pullbacks, could get tricky eventually, creating possible overtrading... an Horizontal Effect at least will call for some pullback...

 

In terms of exits... oscillators can be subjective :confused: jejeje lol.... cheers Walter.

Share this post


Link to post
Share on other sites
Take care with aggressive entries without some proper pullbacks, could get tricky eventually, creating possible overtrading... an Horizontal Effect at least will call for some pullback...

 

Good Day Walter;

 

Indeed, thank you for the warning.

 

I also figured that going up 1 frame will help decide to take the trade or not (filter). Have a look. What do you say?

 

cheers.

Unicorn.

Share this post


Link to post
Share on other sites

In terms of exits... oscillators can be subjective :confused:

 

Yes, indeed.

That's why I am looking into this and sharing the screen-shots, to get your feedback.

 

"WHY NOT THIS?" (Twiggs crossover): good point Walter. Thank you.

 

My understanding is that implicitly I take into account the fact that the cyan line has not crossed the red line. Which means that the cyan - red line crossing is the signal and the Twiggs Money Flow indicator is just a pretext, an excuse, or at best a warning.

 

Your remarks are always welcome, Walter.

 

cheers.

Unicorn.

Share this post


Link to post
Share on other sites

you basically have two setups there, or icon or continuation...

 

Yes, I just noticed that I had been posting only "type 1" trades, "vmar icons".

To keep a proper balance I had to post "type 2 trades", "reject me baby" - I like this term better that "continuation" - "reject me baby" carries a lot more information.

 

there are cases of very shallow pullbacks, one alternative is the oscillator...

 

I guess that you mean to use the oscillator for entry timing, when the trade is a "type 2" or "reject me baby" trade. Please confirm this. A picture of this would also help a lot.

 

regards.

Unicorn.

Share this post


Link to post
Share on other sites

My understanding is that implicitly I take into account the fact that the cyan line has not crossed the red line. Which means that the cyan - red line crossing is the signal and the Twiggs Money Flow indicator is just a pretext, an excuse, or at best a warning.

 

"WHY NOT THIS?" (Twiggs crossover): good point Walter. Thank you.

 

 

CORRECTION: The correct phrasing is

 

My understanding is that implicitly I take into account the fact that the price has not crossed the cyan line OR the cyan line has not crossed the red line. Which means that the price - cyan line crossing OR the cyan - red line crossing is the signal and the Twiggs Money Flow indicator is just a pretext, an excuse, or at best a warning.

 

I have to research this further.

Your remarks are always welcome, Walter.

 

cheers.

Unicorn.

Share this post


Link to post
Share on other sites
Good Day Walter;

 

Indeed, thank you for the warning.

 

I also figured that going up 1 frame will help decide to take the trade or not (filter). Have a look. What do you say?

 

cheers.

Unicorn.

 

 

On my new updated aproach, I am about to use a higher time frame to see better context... so I agree on having a nice aerial view of the big picture...

 

"WHY NOT THIS?" (Twiggs crossover): good point Walter. Thank you.

 

 

CORRECTION: The correct phrasing is

 

My understanding is that implicitly I take into account the fact that the price has not crossed the cyan line OR the cyan line has not crossed the red line. Which means that the price - cyan line crossing OR the cyan - red line crossing is the signal and the Twiggs Money Flow indicator is just a pretext, an excuse, or at best a warning.

 

I have to research this further.

Your remarks are always welcome, Walter.

 

cheers.

Unicorn.

 

makes sense... once price entered cyan/ red, oscillator signal can be used...

 

keep it testing... sounds good.... cheers Walter.

Share this post


Link to post
Share on other sites

 

I guess that you mean to use the oscillator for entry timing, when the trade is a "type 2" or "reject me baby" trade. Please confirm this. A picture of this would also help a lot.

 

regards.

Unicorn.

 

 

On new aproach... I will probably drop oscillators for timing... only vma`s...

Share this post


Link to post
Share on other sites
On new aproach... I will probably drop oscillators for timing... only vma`s...

 

 

There are deep and shallow pullbacks... maybe for the shallow pullbacks I will satisfy my scalping beast with ccit3 timings.. the rest will be with vma`s... working on it... I need a 36 hour day :doh: .... cheers Walter.

Share this post


Link to post
Share on other sites

I guess that you mean to use the oscillator for entry timing, when the trade is a "type 2" or "reject me baby" trade. Please confirm this. A picture of this would also help a lot.

 

Good day Walter;

 

How do you classify this eurusd formation? What is your entry?

On 5min it looks somewhat better than on 220T

 

cheers.

Unicorn.

Share this post


Link to post
Share on other sites
Good day Walter;

 

How do you classify this eurusd formation? What is your entry?

On 5min it looks somewhat better than on 220T

 

cheers.

Unicorn.

 

 

Unicorn

 

Just a couple of quick questions, what is the black line with dots in, is that the 34 ema?

 

Also, have you already posted your codes for the signal vma and rainbow vma, sorry for asking but there's been loads of codes posted recently that I couldn't remember if you had.

 

Obviously without reading the code, what is the difference between yours and PYenners MT4 version, is it the stochastics element?

 

Looking at those last charts you posted, although it gave you a late entry on the cyan line, you're not going to get perfect entries every time, but I would imagine it will keep you out of more of the bad trades. Thats why I wouldn't mind coding this up and testing it myself if possible.

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites

what is the black line with dots in, is that the 34 ema?

Good day Blu-Ray;

yes

Also, have you already posted your codes for the signal vma and rainbow vma.

 

yes. it is here http://www.traderslaboratory.com/forums/24/walter-s-forex-vma-trend-scalps-2558-8.html#post23547

and here: http://www.traderslaboratory.com/forums/24/walter-s-forex-vma-trend-scalps-2558-9.html#post23626

 

Obviously without reading the code, what is the difference between yours and PYenners MT4 version, is it the stochastics element?

 

True implementation of Vidya, as per the original Chande formulation.

 

Looking at those last charts you posted, although it gave you a late entry on the cyan line, you're not going to get perfect entries every time, but I would imagine it will keep you out of more of the bad trades.

 

yes Blu-Ray, I agree.

In reference to eurusd 05-11-2007, I am asking Walter if he would classify the formation as a correct setup; I am contemplating that if the setup is not "textbook perfect", chances are that the signal is not going to be perfect as well, and it is likely that the trade payoff will be meager (even for a scalp!). What do you think?

 

Thats why I wouldn't mind coding this up and testing it myself if possible.

 

Good idea, Blu-Ray. Looking forward to your charts and commentary.

 

cheers.

Unicorn.

Share this post


Link to post
Share on other sites
Good day Walter;

 

How do you classify this eurusd formation? What is your entry?

On 5min it looks somewhat better than on 220T

 

cheers.

Unicorn.

 

Hi Unicorn... a good day for you also ¡¡

 

 

formation there looks like a classic vmar icon, whenever you cross the magenta line and go out of the rainbow on first intention, followed by a contained pullback its a centrifugal iconic action...

 

about late timing with cyan line it may happen.... notice if you use red area exit, trade would still be working... cheers Walter.

Share this post


Link to post
Share on other sites

about late timing with cyan line it may happen....

 

Well Walter, I figured to use the yellow line vma(2,3,3). What do you think??

 

notice if you use red area exit, trade would still be working...

cheers Walter.

 

Yes indeed. Thank you for bringing this up. :thumbs up::thumbs up:

The profit would be approximately 5 pips more, BUT you would have to be in the trade 30 minutes more and withstand a 12 pip range chop. :fight:

I know I would find that very tough; and I would probably exit the trade sooner on account of the trade not moving in my direction after x bars. :frustrated::frustrated::frustrated:

 

I will have to find a better exit.

 

cheers.

Unicorn.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • 1. A person who disguises insults as jokes.   2. A person who will never take accountability but has no problem always blaming you.   3. A person who says they want the best for you, but then works against you.   4. A person's whose words and actions don't match.   5. You can't trust a person who puts seeds of doubt in you, disguised as something else, like concern for you.   6. You can't trust a person who always tries to sabotage you, or make things harder for you. But always has an excuse for everything. Source: https://mentalhealthpsychology2.quora.com/6-TYPES-OF-PEOPLE-YOU-SHOULD-NOT-TRUST   
    • Date: 15th May 2024. Market News – Treasuries rallied, NASDAQ at new high, DXY lower after PPI pop.   Trading Leveraged Products is risky Economic Indicators & Central Banks: *JGB yields slipped, as markets paused amid a recent bond sell-off, awaiting a crucial US inflation report expected to influence the Fed’s short-term interest rate decisions. Remember, that typically yields move inversely to bond prices. *US: Stronger than expected prints on PPI did not have the textbook effects on the markets. Interestingly, Treasuries and Wall Street rallied, while the US Dollar slipped. The guts of the report were not as worrisome as the headlines suggested, and the CPI is viewed as more important. *Global equities are set for a fresh record after a big tech-led rally in US gauges. Financial Markets Performance: *The USDIndex slumped to 104.7, EURUSD rose to 1.0830 and USDJPY drifted at the EU open below 156. *Gold rose almost 1% to $2358.12 per ounce, while USOIL advanced to $78.18 after shrank US stockpiles, and as traders looked ahead to a report from the International Energy Agency that’ll shed light on market balances into the second half. *Copper spiked to a fresh record high at $5.12 a pound after a squeeze partly due to traders playing the arbitrage between futures on Comex and the Shanghai Futures Exchange.   Market Trends: *Big tech climbed, however, boosting the NASDAQ 0.75% to a new all-time high of 16,511. The S&P500 rose 0.48% to 5246. The Dow advanced 0.3%. *Sony shares jumped by 12% after strong earnings, a stock split and a share buyback of ¥250bn ($1.6bn). *Tesla gained 3.3%. Tencent Holdings surged after the company’s revenue beat estimates , while Alibaba Group Holding Ltd.’s slid on a profit plunge, highlighting the growing divergence between China’s twin Internet powerhouses. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Recessions are weird.   The more you think about them, the weirder they become.   Yes, the economy is cyclical. Downturns aren’t just inevitable, they’re healthy.   BUT   Economic cycles, including recessions, are not just determined by clean and predictable financial indicators but also by psychological and sociological factors.   Collective mood, media reporting, and public sentiment play a substantial role in shaping economic realities.   And they can be manipulated.   A.] The Fear Factory   Every time the media starts shouting "recession," what happens?   Panic. Fear.   It's like Halloween but for adults.   And this fear isn't just innocent fun – it moves markets, influences decisions, and causes real harm.   Give me an example of when the media saw a chance to scare the crap out of you and didn’t take it?   I’ll wait.   B.] Recessions are Relative   Consider this – what's called a recession in one country is a day in paradise in another.   Economic conditions are relative.   If the standards are so skewed, can we really trust this whole concept?   C.] The Recession Whisperers   Imagine a secretive group, not in some government bunker, but in a quiet office in Cambridge, Massachusetts. That's the National Bureau of Economic Research (NBER), the recession referee.   But here's the twist: By the time the NBER declares a recession, it's like announcing rain when you're already soaked.   Their method involves a retroactive look, meaning they wait for six months of data, plus a one-month lag.   So, when they finally declare a recession, it's old news, a story you've been living in, not just reading about. In the world of economic predictions, the official-unofficial referees are not the early birds; they're the historians.   Also…   D.]The GDP Puppet Show   GDP.   It’s supposed to be a “health check” for the economy.   BUT   It's like going to a doctor who only measures your height and ignores your blood pressure, cholesterol, and heart rate.   It counts every dollar spent, regardless of what it's spent on.   That means disasters, wars, and environmental destruction all pump up the GDP. If a hurricane hits and we spend billions on reconstruction, guess what? GDP goes up.   Celebrating a GDP increase is like throwing a party because your house burned down and you had to rebuild it.   It’s also the main indicator the NBER uses to measure a recession.   The real problem with this is…   GDP is a broad measure and can be influenced by short-term fluctuations that don't necessarily reflect long-term economic trends.   It’s a useful indicator, but far from comprehensive.   E.] The Self-Fulfilling Prophecy   Here's the kicker – by declaring a recession, we make them more likely.   It's a classic self-fulfilling prophecy.   Businesses pull back on investment, consumers close their wallets, and just like that, the economy slows down.   But what if we didn't buy into the narrative? I have no idea.   F.] Rage Against Determinism   Economies aren’t deterministic. They’re dynamic.   Economies don’t follow a predetermined path.   Human agency and perception play a significant role in shaping economic realities.   Predictions are usually wrong for this reason.   Also, there’s this…   G.] The Hidden Agenda   Tin foil hat time.   Think about who benefits from recession talk.   The media gets a juicy story.   Politicians get a scapegoat.   Certain investors get to buy low.   It’s a game, and the average person isn't the one winning. You’re always being sold a narrative that serves others, not you.   And Yet, a Recession is HERE   Of course, recessions exist. Because prolonged downturns exist.   But all of this calls into question what we think we know about the word “recession” and how we talk about it.   It’s not as clear a concept as we think.   Nevertheless, it’s probably here already.” – Chris Campbell (AltucherConfidential)  
    • QCOM Qualcomm stock great breakout follow through, https://stockconsultant.com/?QCOM
    • JPM JPMorgan Chase stock breakout, https://stockconsultant.com/?JPM
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.