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(binned per thread starter's request) Schaff Trend Cycle

  • #161
  • Nov 28, 2017 5:42am Nov 28, 2017 5:42am
Another good trade here.

STC was overbought and price broke trend line!


I use an EA for money management. It deploys a SL, TP, TS and breakeven.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 sleeptight.ex4   10 KB | 719 downloads
  • #162
  • Nov 28, 2017 9:24am Nov 28, 2017 9:24am
GBPUSD

Keep and eye out for this.

Possible downside.
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  • #163
  • Nov 28, 2017 7:21pm Nov 28, 2017 7:21pm
I broke even on the GBPUSD trade. If price impulses up then I will buy to the next high.

I still think it will go down.
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  • #164
  • Nov 28, 2017 7:32pm Nov 28, 2017 7:32pm
EURUSD looking good.

I only go for the big moves. If this were to break even I'd be fine with that.
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  • #165
  • Nov 28, 2017 7:57pm Nov 28, 2017 7:57pm
Quoting rvanscho
I broke even on the GBPUSD trade. If price impulses up then I will buy to the next high. I still think it will go down. {image}
its like going against your own indicator.
  • #166
  • Nov 28, 2017 8:16pm Nov 28, 2017 8:16pm
Hi rvanscho,

Why my chart looks different. Please have a look.
Thank you.

Roy
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  • #167
  • Nov 28, 2017 8:21pm Nov 28, 2017 8:21pm
Quoting RoyPK
Hi rvanscho, Why my chart looks different. Please have a look. Thank you. Roy {image}
Because the Schaff is for D1
  • #168
  • Nov 28, 2017 8:33pm Nov 28, 2017 8:33pm
Quoting Kmb
{quote} its like going against your own indicator.

Which means it still could go up. I don't trade the green and red signals. The indicator just tells me overbought and oversold.
  • #169
  • Nov 29, 2017 2:06am Nov 29, 2017 2:06am
GBPUSD impulsed up so I bought. Stops are tight incase it reverses. It looks like its going for a new high.
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  • #170
  • Nov 29, 2017 4:48am Nov 29, 2017 4:48am
GBPAUD. Lots of upside potential. I can't guarantee it will be a smooth ride up. All I do is watch my STC for ob or os levels. Within this up move, there might be corrections or price could totally reverse.
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  • #171
  • Nov 29, 2017 5:40am Nov 29, 2017 5:40am
Watch the video on page 1 and other videos by the author. Use This Indicator along with my input. Thats the best trading you can get*
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  • #172
  • Nov 29, 2017 5:38pm Nov 29, 2017 5:38pm
Here is my view on GBPAUD. I have the STC on Weekly setting. You can see the indicator is overbought and nearing the end of its cycle. Along with Wave Analysis. The next big move is downwards. I'm hoping the trade I'm currently in will go straight to the top and come down smoothly, but who knows, thats why my stops have been moved to breakeven.

GBPCAD. Look for the next down move.

AUDUSD - I'm watching for a short to medium term move up. Weekly and Monthly timeframe show a long term move down.
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  • #173
  • Nov 30, 2017 3:27am Nov 30, 2017 3:27am
GBPUSD coming along nicely.
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  • #174
  • Nov 30, 2017 3:30am Nov 30, 2017 3:30am
EURGBP Easy pips.
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  • #175
  • Nov 30, 2017 6:07am Nov 30, 2017 6:07am
what is the recommended setting for STC to apply in multi-time frame:
D1 ---> H1
H4 ---> M30
H1 ---> M15
  • #176
  • Nov 30, 2017 6:30am Nov 30, 2017 6:30am
Quoting dylanwee
what is the recommended setting for STC to apply in multi-time frame: D1 ---> H1 H4 ---> M30 H1 ---> M15

I'm currently using D1 for overbought and oversold levels. I'm actually trading 4hr/1hr chart for entry/trendlines etc.
  • #177
  • Nov 30, 2017 6:42am Nov 30, 2017 6:42am
Hi, rvanscho,

I notice from your charts that u are using the same setting (5,12,25,1.5) for D1,H4, H1 in STC indicator. Correct?
How do u get this optimal value? by Back testing?
  • #178
  • Nov 30, 2017 6:47am Nov 30, 2017 6:47am
Quoting dylanwee
Hi, rvanscho, I notice from your charts that u are using the same setting (5,12,25,1.5) for D1,H4, H1 in STC indicator. Correct? How do u get this optimal value? by Back testing?

Yes some visual backtesting. I'm doing forward testing which is working well.

Basically I identify if the STC is ob or os. I then draw a suitable trend line from the area price is os or ob. I then watch price action and wave analysis to make my trade. I don't trade the color of the STC. You can trade buy and sell with other settings though. It works well but requires a lot of effort.

I trade with sound money and risk management as well. With the way I trade. If I get stopped out, I open a trade in the reverse direction because its only going to go that way anyway* (most of the time)
  • #179
  • Nov 30, 2017 11:31am Nov 30, 2017 11:31am
to bad its repaint so unles
  • #180
  • Nov 30, 2017 4:09pm Nov 30, 2017 4:09pm
Quoting eurjpower
to bad its repaint so unles

It does not repaint after its made its decision which is when the next bar starts. Hence you have to wait until candle close. Show some proof at least.
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