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Today a constellation came up which shows a Working walzer again:
First 30 min. candle was >115 points with up gap -> means a very
strong move with clear Walzer pattern:
10:00 long @ 11806
11:00 exit long @ 11840 (result +34 points)
11:00 entry short @ 11840
12:00 exit short @ 11800 (result +40 points)
Walzer result: 74 points
GFIs1
Can you help answer these questions from other members on NexusFi?
Here are the entries / exits and the comments about - including
trading only in VERY liquid markets in the morning - and later
no more trades as volume is much to low:
As price is now (nearly definitely) out south of Kumo - the rules allow
to watch for new Walzer patterns again.
For sure we should watch Monday and Wednesday carefully.
Let's see!
thanks a lot for your excellent strategy. I've read the entire thread during the w-end and will now start with forward testing. I am somehow lost on your stop loss approach - is it a moving target, sometimes 20, 30 or even more ticks?
In addition, where could I get the indicators for Kumo clouds?
I otherwise hate dancing, but this Waltz of yours is making me extatic...
Stop is normally 30 points..
But if pattern is not playing out - I do not make the second part of the Walzer.
As you can read in some posts.
The KUMO or cloud is part of the ICHIMOKU Kinko Hyo indicator. It is a
japanese indi with quite a lot of information. For my decision if to take
a trade or not - I am only using the cloud information in the daily chart.
firstly congrats for another winner today! I just want to be sure I understand you right - if you go long and you get two consecutive 30 min red bars, but you were not stopped (e.g. 30 ticks), you still don't "dance" the second part of the Walzer and go short?