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- nitrofx replied Oct 18, 2007
GBPUSD Trade — I mentioned in my earlier post that the EURUSD had tagged R3 and was expecting short term downward pressure for the rest of the day. This happened at the 12:50 GMT 5M candle. At the same time, the GBPUSD hit R2, broke through a ...
- nitrofx replied Oct 18, 2007
SCREENSHOT analysis of your trade: 1st RED LINE: Your entry...notice the 5M stoch in the red circle is high. 2nd RED LINE: A more optimal entry level since the 5M stochastic moved to 20 (green circle) and was turning back up. If you would have ...
- nitrofx replied Oct 18, 2007
My feedback...for what it's worth — If your trade strategy is to wait for price to move through a major fib (like 38.2), and then target 61.8, just be mindful of the major S/R levels in between. Trading this way is "safer" because you are ...
- nitrofx replied Oct 18, 2007
Update on EURJPY trade — My final target of 165.40 was hit so +20 on half, +48 on second half for a +34 pip average on the trade. This screenshot show a few things I was watching and updates from my earlier post: RED BOX: The ...
- nitrofx replied Oct 18, 2007
Candlestick reading — As I manage my open positions, I watch price action in the form of candlesticks. The attached screenshot shows major resistance in the 165.15-25 area. This is denoted by the long wicks of the candle on 5 consecutive 5M ...
- nitrofx replied Oct 18, 2007
EURJPY - Oct 18 — Here is what I see right now on EURJPY. Price action at the 165 level is consolidating, MTF stochastics are all oversold, MACD is turning up, and RSI is strengthening. Since price is in between pivot (165.44) and S1 (164.43) ...
- nitrofx replied Oct 18, 2007
My MTF trading — I've used MTF stochastics as my primary "indicator" for awhile, and was glad to see spud post his thread awhile back as it spurred enough interest for a few good indicators to be written. I combine MTF stochastics, daily ...
- nitrofx replied May 23, 2007
Proper GY Signal? Up 120 pips — Hi Spud, I want to confirm if this is a valid entry from earlier today on the GY. Price closed above the 100 fib, and the 5.3.3 and 14.3.3 stochs were above the 76.4 level. If so and this is a valid entry, then ...
- nitrofx replied May 1, 2007
GU & EU setup? — It looks like the GBP and EUR are almost setup for a long (15/30/1H below 20 and heading north). Spud, would you take the trade once the 30M closed at 20+ even though it's 23:15 GMT right now and ~8 hours away from UK open?
- nitrofx replied May 1, 2007
No problem, hope it helps simplify everything.
- nitrofx replied May 1, 2007
Capsmart, Check my post above. I have my default chart on 15M, so that's why it looks like the 4H was above the 80 for a long period (it was for 4 15M candles). If I would have switched my main TF to 4 Hours, my guess is it would look like yours. ...
- nitrofx replied May 1, 2007
No problem...I attached the MTF_Stoch indicator that I use (which I believe I found somewhere on this thread or TEBS). The only variable you need to change is the "TimeFrame" which should be entered in as minutes. Also, if you look at my screenshot ...
- nitrofx replied May 1, 2007
Hi Spud, I went ahead a took the order long on GY at 239.26 since the stochs were (as far as I could tell) in alignment. I set a TP of only 10 pips (to fulfill the daily target) and it successfully hit the profit level. Thanks again for your ...
- nitrofx replied May 1, 2007
Missed trade, what next? — Hi Spud, Quick questions for you...I wasn't around to catch the GY spike down with the stochs lined up a little while ago. However, the 15/30 stochs dropped below 20 and came back out. So my question is do you ...
- nitrofx replied Apr 24, 2007
Pound Pips — Spud, Thanks for posting your MTF Stoch approach. After having viewed the thread, I took my first live trade on the Cable for 15 pips (see attached chart). It'll obviously take a lot more experience to best understand the nuances ...
- nitrofx replied Apr 5, 2007
I got in a little late at 233.99...+20 pips at the moment
- nitrofx replied Mar 29, 2007
G/Y trade — On the guppy, I've been watching for the 9/100 SMA cross on the 15M chart, wait for confirmation of a cross on the 30M, and enter on the open of the next candle. My last entry was at 230.73 on the 12:00 GMT candle, and I closed at ...
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