I thought that was a well thought through trade and even though it was against the recent trend it was obvious, from your explanation, that the price action supported it.
Gone to a better place
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DislikedHere's a nice rubberband I took this morning.
I generally trade the M15 toward the H4. I entered as the M15 approached the 38 level, as I feel this is stronger confirmation of the move, less chance of a false move at the 23 level. The 30 & 60 were just beginning to hook back up at the time of my entry.
Move was good for +25, though I left much sooner on the first retrace (took only +6) due to my losing streak the past two weeks, even though all stochs were headed up at the time. I've been extremely "retrace-shy" this week, but I'm working on that.Ignored
DislikedHere's a nice rubberband I took this morning.
I generally trade the M15 toward the H4. I entered as the M15 approached the 38 level, as I feel this is stronger confirmation of the move, less chance of a false move at the 23 level. The 30 & 60 were just beginning to hook back up at the time of my entry.
Move was good for +25, though I left much sooner on the first retrace (took only +6) due to my losing streak the past two weeks, even though all stochs were headed up at the time. I've been extremely "retrace-shy" this week, but I'm working on that.Ignored
DislikedDid you notice the "engulfing candle" at the start of the move in your UJ trade? I think you must have. I have been reading up on price action and this is the sort of thing I'm looking for all the time now. It seems also that marcin has similar thoughts.Ignored
DislikedHello,
I will leave for the week with this trade that I am still in.. Put a 20 Trail Stop and the rest of the story to be told at some later date. It has been a rollercoaster week....drank a bottle of Pepto Bismol!! (just kidding) the education continues....Ignored
DislikedHi there, Im new to stochs being a breakout trader myself,and look forward to being involved with this trading method with you hopefully, just looking for something to add on, have read a good deal of spudfyre,s material (which took a while) which is v. good got a bit lost with all the updates but ive come to the conclusion that his first set of rules, and the escalator methods arent far short of the mark, did he ever publish the final pdf?
One thing i wouldnt mind help with initially is how to put the multiple t/f stochs in one window, Im on mt4,do you use the "stochv2 mq4" and its template, along with spudfyres instructions or is there another way, many thanks in anticipation , FrancisIgnored
DislikedMy today trade for 10 pips:
15/30M crossed 50 and pointing very strongly up tight together,
There was an inside bar on 1H time frame and on the 4H time frame you could see some bars earlier very long lower wicks,one over 90 pips and at the moment outside bar was forming.
the move was over 50pips,I got just 10.Ignored
DislikedYes Smikester
I look for candlestick formation as they show emotions and are good confirmation.the one you reffer to is not realy outside bar,anyway I think 15M time frame is to low to relay on candlestick paterns,1H and higher woulod be better to analise.
I would like to so much to read Nison's book Candlestick Course but cant get it here in Poland and even shops from Uk or USA dont deliver here,mayby you know how can I get it.
Have a good weekend.Ignored
Dislikedgreat thread! I have been working on a daily system, but this MTF stochs seems powerful enough to warrant my waking up a a few hours early to catch the london session for some short term trading..
I am pretty excited about getting started on this tomorrow night. I really like the idea of trading when all stochs are going in same direction (best case might be with 15 coming up from overbought/sold..Ignored
DislikedI am really amazed - looking at the 15M GJ chart. pretty incredible trade results with rubber band and agreement trades..
i have just blocked the candles on my chart and followed the stochs. when i see a good trade, i uncover the candles and see how i would have done. not a loser yet, and lots with 100ish pips. all on GJIgnored
Dislikedanyone any idea why multi stoch indicators are making meta freeze I can load onto all charts ok, apart from but GBP/JPY then everything just locks up, have tried deleting and reloading various but to no avail , advice gratefully received thanks, FrancisIgnored