bringin sexy back - stochastics

Hey Ninja,

Very nice charts, and well described. I still use the original setup to get bias for my entries (scalping). Your charts also look pretty nice.

If I am not mistaken, those are NinjaTrader's charts? If so, then how did you manage to get all the indicators in the same window?

Regards,
K.

Kermut:

Thanks for the kind remarks. Having spent a lot of time in Buffy's room, it was only natural to use Ensign, which she and most others there use. Overlaying indicators is a snap. You just tell it which "subwindow" you want it in and presto. The order you load them helps determine which is in "front" (is not covered by others).

Its a great charting platform, and Ive been using for some time.

ninja

what you wrote is great. so thank you for that

the cool thing is that each can have his own twist with this system. some people scalp, others go for longer term etc...

if you have some time to go through the thread ull see how people started with this method and evolved and kinda created their own version while keeping the basic idea.

i do wanna ask you something not specifically related to this. pm me or email me through my profile if you can and add your email address so i know how to reach you

take care

Hey Ninja,

Thanks for the comments. I am so used to ninjatrader that I would prefer to stick to it. Having mt4 plus nt open does eat up a fair bit of cpu, so adding another platform might send it to the graveyard!!

However, I shall have a look at ensign on its own this week.

Also, how did you come to chose 39tick as your base chart? I have heard that around 144-150 ticks is close to a 5minute chart, so a 39tick would be close to a 30sec - 1min chart. Would love to see your reasoning. Personally, I use 5tick to trade, but look at 5M charts to see bias.

Regards,
K.

PS boxingislife, good to see that you still keep an eye on this thread. I must say that after spudfyre's threads and this thread, I had fallen in love with stochs, and just find that after looking at every method available, I keep coming back to the multiple stochs. Combined with volume, stochs seem to be just the best thing around.

First, Kermut, when I first ran a Euro chart, the 39tick seemed to match up pretty well with a 1min. I only checked that one time, and from then on have always thot of it as a 1min. Ignorance may be bliss here. lol

Boxingislife, good to see you drop in to your old haunt. I will shoot you a note via your profile. Thanks for what youve done in this thread. Ive not yet had a chance to get thru everything, but working on it.

I thot Id throw up a chart of our week beginning action on the Euro. These were not setups that I took, just pointing out some early opportunities via this approach. Some nice examples. :-)

Good trading.

See chart for comments/observations.

For those using the multi-Sto approach to highliting pullbacks within trend, Ive attached a couple of charts with an idea that may/may not be of value. The description and thoughts can be found on the charts themselves.

Good trading.

Heres a possibility. Likelihood? Who knows. lol

fwiw

kermut good to see u im glad ur still around. ninja has posted some incredible stuff u can learn from

and as always if u need any help im a pm away

ninja im pm'ing u right now

Is this the Keltner chanal on your chart or MA with displaced +/- levels, or MA high and low?
Thanks
Sasa

Sasa

Nothing fancy, just a 22 Simple K with factor of 2. Just something to give me some outer "edges" for a sense of where price is. Its not necessary, just something I like to use occassionally.

Thanks Ninja,
I like Keltner, since it is not like BB and does not expand so much. I move my stops when next Keltner level is reached or exit at other side.
Today I have tried multi Stochastic (this sexy thing!!!!) and it is a first day without losser trade. 3 trades on EU and 51 pip. I hope I will learn more and get used to this strategy since it looks very good. On visual back testing every day has more winers than lossers (I take 20/20 TP/SL and move my SL when 10, 15 pip in profit. on GU 25/25). I only eneter when 5 stochastic is over 80/90 or belowe 20/10 level.
Hope to learn and make some money although I am still on paper but hope to go live in next 2 weeks (cross your fingers for me).

Best regards.

Sasa

Hey guys whats happened with the live chatroom? Is it still going?

Any of you guys meeting up to trade together? Cant seem to access the room with TradingRooms, there website seems to have been taken off or something too.

Any details on this would be great. Thanks also to Boxing4life for sharing the sexy stochs with us.

Sasa

Glad to hear your had a nice day with the multiStos! If you can, grab a pic of a couple of your trades and post them here. Always nice to see how others use these, and helps everyone.

Thanks

got in at the red line which is the close of that big bar. i wasnt really in the mood to fine tune my entry even though i coulda squeezed maybe an extra 20 pips if i dropped to the 15 min and 5 min chart and cherry picked it. managed about 27 pips profit outa this

My primary trading approach deals with pullbacks following Macd crosses and 1-2-3 setups. I have added Boxingislife's mutliSto to this for add'l setup opportunities. Something I learned with the "slingshot" type setups is that they will often manifest themselves in conjunction with the Macd pulling back after crossing the midline and/or with the pt 3 of a 1-2-3. Thus, its a logical addition to my trading templates. Ive attached a chart of my main TF, and have highlited 3 setups where the methods are nicely confluent with each other. I hope you find the insights beneficial in some way.

By simply adding the Macd to your charts, this crossing may help to alert you of possible setups coming on the multiStos. If you find this of interest, throw it on your charts and look back to see if you find it beneficial. I use an 8/18/8 Macd, but nothing magic here. Try your favorite or just use the standard 12/26/9 for assessing.

The chart Ive attached is actually my low TF (with the Macd/MultiStos). I also have 2 higher TFs (each a 3 multiple higher of the prev). This gives me a nice perspective that approximates a 5min up to nearly a 60min horizon for setups. As Boxingislife stated in his initial post, just wait until you have prime setups, and you can simply ignore the rest! As you can see from my chart, there's no shortage of them. Some will be so-so, some will be beginnings of large trends. With the higher TF setups, you can use the lower TF charts to tighten entries if desired. At some point, you will undoubtedly see a setup on the low TF that starts a move large enough to trigger a setup on the next TF, which may run far enough to trigger a move on the next. Conversely, given a pullback setup on the highest TF, once it starts, a small pullback there may be a setup on the next lower TF, etc. Actually, I know of one of these recently, and I'll add the chart to highlite this for reference.

Good trading

Just one last chart showing how we might enter on a lower TF where no setup of its own is present, but that may help us trigger an entry for a setup on a higher TF. This is one of the possible pluses when utilizing mulitple TFs.

Good trading

Ninja96,

Thank you for the charts and your trading comments, they have been very, very helpful

I have question about your last charts....

What did you mean when you said "Long term Stochs don't justify long for this TF. We're only using the 5/3 for aiding the higher TF"
But the long term stochs are rising and crossed, to go long right ?

The bit at the bottom about the macd pulling back, but the 5/3 stoch is O/S (what means O/S ?) Why would the macd pulling back mean a long setup in a higher TF ?

Also, on the chart on the right, did you enter long at 10:06:43 , when the 5/3 bounced back up ?

Cspip -

Thanks for the kind words. I'll try to address your questions.

Regarding the long term Stos not justifying the long (on that chart), for me they do not. Look at the high TF chart. Those Stos are what I would look for. Green sto (20) above the Red sto (50) with some spread in between them, as well as each sto having a nice spread between its %k (dotted) and %d (solid). I hope you follow.

Its only the 5/3 Sto on the lower TF being used simply because on that TF the pullback has reached OverSold (O/S) at the 20 level. This would tell me that we may be seeing a bounce here (up), which may effectively be the start of the upmove we're trying to catch on the High TF. Follow?

My comment at bottom of chart about 5/3 Sto and Macd - I was merely alluding to the fact that as price was pulling back (Macd pulling back), this had pulled the 5/3 to the oversold level. This wasnt "causing" the setup on the High TF, it was simply a result of it, if you follow.

I did not take this trade, so no actual entry. I tried to highlite some different ways of triggering the entry. This would be up to the trader to use one of these, or perhaps a different method he/she prefers.

I hope this helps.

attachment

Hi Ninja,
Since you have advised to post charts here it is.
We (my wife Eliana and myself) like to see 5 ans 20 SMA in trend as well as MACD line cross (12,26,9 - arrows) ant than we vait fo pullback. Generaly 20,20,10 Stochhastics should be in the same direction as the trens and when short 5,3,3 stochastics ge over/under 80/90 or 20/10 level we enter the trade. We have missed one at 13.30 and 15.55 but we are in smal proffit today.
I do not know how to post a picture. I try but I guess it has to be uploaded at some share server?
Best regards.

Sasa