hi stochsters,
Here's the set-up I've been using recently with success. I tried just about every variation of spud's system and was always just left wondering whether a stochastic would continue or retrace. Or the Multiple time frames never lined up. Or there were so many confliciting signals I never entered any trades. Not really that much further forwards from a bare chart.
Even the thread system kind of left me in limbo. Although visual, I just never felt secure enough about it to ever trade it live. I kept getting spooked by the price and the variations in the stoch as it grew. Even the famous Spud "rope" which looks like an amazing no-brainer for trade-entry wobbles all over the place while it's forming.
So, then I tried the thread system on multiple time frames which helped quite a bit and I have all time frames from 1Min to Daily on the screen. As many people on this thread have noticed, you can see much better where the trend is going with the threads system on Multiple Time Frames, although Spud never really mentioned this (as far as I can remember). If I'm feeling really extravagant I'll even put the Weekly and Monthly charts on a second monitor. Of course they never move, but that's not the point. They serve to remind me of the journey the price has made to get where it is. And they often explain why the shorter time frame stochs don't act like you think they're going to.
But a great improvement (IMHO) was made by adding Boxinglife's Long-Term sexy stochs over the top of each time frame.
His excellent thread has all the details, but if you can't be bothered to read all 1,000 posts (shame on you) simply add these stochs to Spud's Thread System on each time frame:
20,10,20
50,10,20
100,20,30
Even though MTF Threads obviously give you the heads-up regarding longer term movement, having the Sexy Stochs overlaid really helps me keep track of the trend "energy" visually even if the price is stationary.
One of the things I found about using the Sexy Stochs system on it's own was that it missed lots of great entries. Using both Spud's Threads and Sexy Stochs together allows me to see long term trends, see more elasticity and also get good entries on the "peaks" of Spud's "threads".
With a bit of James 16's Price Action and a simple Bollinger Band we're all sorted!
Anyway, I'm up 10 trades out of 12 today, so I thought I'd share the love.
No-one talks about divergence between stochs on different time frames much. For me they're quite amazing. Perhaps I'll describe a little about what I see on another post.
Three cheers to Spud and BoxingisLife. Stochs rock!!
Happy trading.
Here's the set-up I've been using recently with success. I tried just about every variation of spud's system and was always just left wondering whether a stochastic would continue or retrace. Or the Multiple time frames never lined up. Or there were so many confliciting signals I never entered any trades. Not really that much further forwards from a bare chart.
Even the thread system kind of left me in limbo. Although visual, I just never felt secure enough about it to ever trade it live. I kept getting spooked by the price and the variations in the stoch as it grew. Even the famous Spud "rope" which looks like an amazing no-brainer for trade-entry wobbles all over the place while it's forming.
So, then I tried the thread system on multiple time frames which helped quite a bit and I have all time frames from 1Min to Daily on the screen. As many people on this thread have noticed, you can see much better where the trend is going with the threads system on Multiple Time Frames, although Spud never really mentioned this (as far as I can remember). If I'm feeling really extravagant I'll even put the Weekly and Monthly charts on a second monitor. Of course they never move, but that's not the point. They serve to remind me of the journey the price has made to get where it is. And they often explain why the shorter time frame stochs don't act like you think they're going to.
But a great improvement (IMHO) was made by adding Boxinglife's Long-Term sexy stochs over the top of each time frame.
His excellent thread has all the details, but if you can't be bothered to read all 1,000 posts (shame on you) simply add these stochs to Spud's Thread System on each time frame:
20,10,20
50,10,20
100,20,30
Even though MTF Threads obviously give you the heads-up regarding longer term movement, having the Sexy Stochs overlaid really helps me keep track of the trend "energy" visually even if the price is stationary.
One of the things I found about using the Sexy Stochs system on it's own was that it missed lots of great entries. Using both Spud's Threads and Sexy Stochs together allows me to see long term trends, see more elasticity and also get good entries on the "peaks" of Spud's "threads".
With a bit of James 16's Price Action and a simple Bollinger Band we're all sorted!
Anyway, I'm up 10 trades out of 12 today, so I thought I'd share the love.
No-one talks about divergence between stochs on different time frames much. For me they're quite amazing. Perhaps I'll describe a little about what I see on another post.
Three cheers to Spud and BoxingisLife. Stochs rock!!
Happy trading.
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