MTF Stochastics into MTF Stoch Histogram 8 replies
Trading MTF STochastics Manual 13 replies
The Art of Trading with MTF Stochastics 1,016 replies
MTF Stochastics EA's 55 replies
MTF Stochastics Trade Journal 12 replies
DislikedSpud,
In a ranging market such as the one you posted above, do you move to the 5 min and do some scalping? or do you wait for the 15/30 to move towards the 4hr and try to go for 20(+/-) pips?
thanksIgnored
DislikedLong spike took out our stop and left me with a -16 pip net. In wait and see mode. Long is tempting but will wait for a better setup because this could just be a stop spike. Want to see where 4H stochastic is at close before speculating direction of price.Ignored
Dislikedprice is going down
I went in at 246.58:
I will make that my SL just in case.
TEBIgnored
DislikedLong spike took out our stop and left me with a -16 pip net. In wait and see mode. Long is tempting but will wait for a better setup because this could just be a stop spike. Want to see where 4H stochastic is at close before speculating direction of price.Ignored
Dislikedhello spudfyre.
Thankyou for the great system you have given us. I really did well on demo account and it has given me confidence as well.
My question is If i have MTF stoch on a single chart and when i switch from 15 to 30, 1hr and 4hr chart it giives a diffrent directions for MTF stoch. Could you tell me which timeframe do you follow to watch MTF stochs lines as you can see on the attachments.
Thanks.Ignored
DislikedHi Spud,
Maybe I have too much time to ponder today but did you ever try to use the MTF Stochastics method and apply it to longer time frames? Instead of 260/60/30/15, how about ....daily/260/60/30...or weekly/daily/260/60? Would you still use 14/3/3 stoch? I am just considering options for those times that I can not spend as much time staring at my monitor.Ignored
DislikedYa..you got too much time on your hands!
The longer time frames are more difficult to trade because of draw downs. But if you have the stomach for large draw downs it works fine for longer time frames.Ignored
DislikedYa..you got too much time on your hands!
The longer time frames are more difficult to trade because of draw downs. But if you have the stomach for large draw downs it works fine for longer time frames.Ignored
DislikedHi All,
I've been following this discussion with keen interest, and would like to first thank you, Spud, for your brilliant conception and commitment, as well as all the others who have contributed so generously.
This is obviously my first post here on FF, so hopefully the image I've attached will show up correctly.
I made a really bad trade yesterday morning, shortly after 11:00 am EST, but I still can't figure out what happened. The chart is of the USD/CAD, and I went long at the vertical red line when both the 15m & 30m crossed up over 23.6. Almost immediately, the price plummeted down like a lead weight (I seem to have the innate ability to force a market turnaround by simply making a trade in any direction), but to make matters worse I decided I would stick this one out thinking it would come back up before too long, so I moved my stop 100 pips away. But it just kept dropping harder, and I eventually got scared enough to jump ship with a -40 pip loss (good thing, as price eventually dropped -165 pips). Not a good day (trading with real money).
FYI, I usually keep my stops much tighter but often feel they cost me more than if I had not placed them at all.
Can someone tell me what I missed in this setup? And, at what point would you have gotten out? I'd hate to go through this again!
Thanks so much in advance!Ignored