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  • #541
  • Aug 21, 2018 12:04am Aug 21, 2018 12:04am
Quoting Giedrius
{quote} Nice trade , nice explanation bobby2 thanks , my didn't go so well I could have enter earlier , both stochs were going opposite directions was waiting till CTF will follow , after entering didn't make new high , CTF went in 50 zone , and then didn't break trough resistance CTF again in 50 zone , MTF lines started to twist I thought was price rejection . a)did I choose poorly resistance ? b)did I need to give second chance? c)did I follow the rules? d)what I did wrong? At the end no lose no win . {image}
From original post:
EXITS
EXIT #1: The MTF stoch and the CTF stoch have both entered the 80 or 20 area and is looking to stay a while. Exit when the CTF stoch leaves that area while the MTF Stoch is starting to change direction at the same time. You don't need to wait for the MTF stoch to be all the way out.

EXIT #2: The MTF stoch doesn't make it past the 80 or 20 level, and both stochastics have turned and / or crossed.

EXIT #3: The MTF stoch has crossed the 50 line in the other direction.
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  • #542
  • Aug 21, 2018 2:23am Aug 21, 2018 2:23am
Thanks for explanation bobby2, believe me I read rules many times and I remember, just on live chart is a bit different. I'll try better next time. Practice, practice, practice!!!
  • #543
  • Aug 21, 2018 5:44am Aug 21, 2018 5:44am
+16 pips
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  • #544
  • Aug 21, 2018 6:24am Aug 21, 2018 6:24am
Quoting Giedrius
+16 pips {image}
  • #545
  • Edited 7:23am Aug 21, 2018 7:00am | Edited 7:23am
Gah...frustrating. I exited this trade too soon. The stoch segment with the yellow arrow formed below the 80 line so I exited but that segment wasn't finished being formed yet. Stochs are still above 80. The sotchs are just leaving the 80 now so it would have been a loss (and a larger one) anyway. I could have grabbed profit at 1.28400 but I don't like the idea of potentially cutting of a huge run.

So I am wondering if it best to let the MTF higher segment finish forming or just trade based on the current location and direction?
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Emotion - it steals your money.
  • #546
  • Edited 8:00am Aug 21, 2018 7:34am | Edited 8:00am
Quoting TheSpoof
Gah...frustrating. I exited this trade too soon. The stoch segment with the yellow arrow formed below the 80 line so I exited but that segment wasn't finished being formed yet. Stochs are still above 80. The sotchs are just leaving the 80 now so it would have been a loss (and a larger one) anyway. I could have grabbed profit at 1.28400 but I don't like the idea of potentially cutting of a huge run. So I am wondering if it best to let the MTF higher segment finish forming or just trade based on the current location and direction? {image}
Spoof, buddy 'ol pal, me thinks you think too much. Just follow the rules from original post:
EXITS
EXIT #1: The MTF stoch and the CTF stoch have both entered the 80 or 20 area and is looking to stay a while. Exit when the CTF stoch leaves that area while the MTF Stoch is starting to change direction at the same time. You don't need to wait for the MTF stoch to be all the way out.

EXIT #2: The MTF stoch doesn't make it past the 80 or 20 level, and both stochastics have turned and / or crossed.

EXIT #3: The MTF stoch has crossed the 50 line in the other direction.
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  • #547
  • Aug 21, 2018 7:54am Aug 21, 2018 7:54am
Another loss :-( I am long now based on the stoch touching the 50 but it isn't fully formed for another 6 minutes.
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Emotion - it steals your money.
  • #548
  • Aug 21, 2018 7:56am Aug 21, 2018 7:56am
Quoting bobby2
{quote} Spoof, buddy 'ol pal, me thinks you think too much. Just follow the rules from original post: EXITS EXIT #1: The MTF stoch and the CTF stoch have both entered the 80 or 20 area and is looking to stay a while. Exit when the CTF stoch leaves that area while the MTF Stoch is starting to change direction at the same time. You don't need to wait for the MTF stoch to be all the way out. EXIT #2: The MTF stoch doesn't make it past the 80 or 20 level, and both stochastics have turned and / or crossed. EXIT #3: The MTF stoch has crossed the 50 line...
But are those rules based on fully finished stochastic lines or where the lines are currently live? And, yes, I often think too much ;-)
Emotion - it steals your money.
  • #549
  • Aug 21, 2018 8:06am Aug 21, 2018 8:06am
Quoting TheSpoof
{quote} But are those rules based on fully finished stochastic lines or where the lines are currently live? And, yes, I often think too much ;-)
The rules also don't say,"Exit where you like." MTF fully finished, closed, ended, kaput.
  • #550
  • Aug 21, 2018 8:13am Aug 21, 2018 8:13am
Quoting bobby2
{quote} The rules also don't say,"Exit where you like." MTF fully finished, closed, ended, kaput.
That's what I figured. Guess I am just having a shitty day. Current trade is doing well so far up 7 pips. I am now fighting with myself whether to attempt a take profit at the 1.28400 round number or hang on and follow a stochastic exit.
Emotion - it steals your money.
  • #551
  • Aug 21, 2018 8:33am Aug 21, 2018 8:33am
Hey Bobby2...sorry to be a PIA, but if I understand the rules correctly the entries and exits will be 3 bars after the fully printed stoch break on a 5 minute chart, no? And if that is the case we will not be getting in or out at the price that was at that time since the locked in break point was 3 bars back.
Emotion - it steals your money.
  • #552
  • Edited 10:05am Aug 21, 2018 9:51am | Edited 10:05am
Quoting TheSpoof
{quote} That's what I figured. Guess I am just having a shitty day. Current trade is doing well so far up 7 pips. I am now fighting with myself whether to attempt a take profit at the 1.28400 round number or hang on and follow a stochastic exit.
Jeez Spoof, I assume you're on GU. That my friend was at least a 30 pip trade from a rule based entry. Oh well. Price is consolidating now about 10 pips below the next Round number. the CTF stoch is starting to fizzle out. But niether stoch has left the 80 zone. This is the problem Spoof. You're scared. You're afraid you're going to lose some pips. If that's the case get out now. Put your mind at ease. The rules work if you follow ALL the rules not just some. Aaaaaaaaand there it goes to 1.2875. Round number hit. That is a valid target. From entry to exit is 47 pips, IF you' have followed the rules. I don'r know your entry. If you were in at the beginning I would advise you stay until both stochs are leaving the area. But if you got in late, and you are afraid of losing get out. It might go up more or it might drop down I don't know. That's why I try and follow the rules or at least adhere to common trading principles such as S&R, RNs key areas, etc.
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Edit: As of now, it looks like a pull back. CTF stoch headed down but MTF not yet. Time will tell but it could go down and back up to 75 again or higher.
This is a problem with late entry. "Better late than never" is true for trading only if you have the sense not to push the envelope when you are late but in profit.
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  • #553
  • Aug 21, 2018 10:09am Aug 21, 2018 10:09am
Quoting TheSpoof
Hey Bobby2...sorry to be a PIA, but if I understand the rules correctly the entries and exits will be 3 bars after the fully printed stoch break on a 5 minute chart, no? And if that is the case we will not be getting in or out at the price that was at that time since the locked in break point was 3 bars back.
From original post:
NOTE: MTF Stochastic v2.1, or it's alert version 2.2, do not repaint. Got it? I repeat; The MTF Stochastic indicators used to create the Original Template for this thread do not repaint. All MTF indicators change signals until they complete the amount of time they are representing. If you are watching a 5 minute chart, and you have an MTF Stochastic set to represent the next higher time frame, wich on MT is 15 minutes, you weill see the MTF Stochastic point in different directions, shrink, and grow, until the time is finished to complete the duration of the price period it represents, in this case 15 minutes. When the 15 minute period is finished, the indicator prints a final, permanent line segment that will not change after the new 15 minute time period begins. It may be prudent to wait for for the MTF Stochastic indicator to complete its cycle (wait for a complete, permanent record), but part of a traders job is trade management. Market conditions may influence a trader to use their own discretion in interpreting the position and action of the indicator. A trader should always do what they feel is best for the trading account.
  • #554
  • Aug 21, 2018 10:19am Aug 21, 2018 10:19am
Quoting bobby2
{quote} Jeez Spoof, I assume you're on GU. That my friend was at least a 30 pip trade from a rule based entry. Oh well. Price is consolidating now about 10 pips below the next Round number. the CTF stoch is starting to fizzle out. But niether stoch has left the 80 zone. This is the problem Spoof. You're scared. You're afraid you're going to lose some pips. If that's the case get out now. Put your mind at ease. The rules work if you follow ALL the rules not just some. Aaaaaaaaand there it goes to 1.2875. Round number hit. That is a valid target....
Well..I decided to not take profit at the round number of 1.28400 and let it ride. I trailed a stop a as I was not interested in giving back pips after losing 15 earlier :-) The stop was just taken out - MTF stochastic was heading out of the 80 area anyway. +13 pips for the day.
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Emotion - it steals your money.
  • #555
  • Aug 21, 2018 10:25am Aug 21, 2018 10:25am
Quoting bobby2
{quote} From original post: NOTE: MTF Stochastic v2.1, or it's alert version 2.2, do not repaint. Got it? I repeat; The MTF Stochastic indicators used to create the Original Template for this thread do not repaint. All MTF indicators change signals until they complete the amount of time they are representing. If you are watching a 5 minute chart, and you have an MTF Stochastic set to represent the next higher time frame, wich on MT is 15 minutes, you weill see the MTF Stochastic point in different directions, shrink, and grow, until the time is...
I guess we were in same trade with Spoof, my gut was telling to get out when I was on top +40pips ,but I decided to follow the rules end up with +24pips
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  • #556
  • Aug 21, 2018 10:34am Aug 21, 2018 10:34am
Quoting Giedrius
{quote} I guess we were in same trade with Spoof, my gut was telling to get out when I was on top +40pips ,but I decided to follow the rules end up with +24pips {image}
I know...the 40 pips would have been nice!
Emotion - it steals your money.
  • #557
  • Aug 21, 2018 10:52am Aug 21, 2018 10:52am
Quoting TheSpoof
{quote} I know...the 40 pips would have been nice!
Anyway this 24pips I didn't have before !
  • #558
  • Aug 21, 2018 11:08am Aug 21, 2018 11:08am
Quoting Giedrius
{quote} Anyway this 24pips I didn't have before !
Nice trade Spoof and you were smarter jumped out earlier , I was waiting till lines will cross !
  • #559
  • Aug 21, 2018 12:12pm Aug 21, 2018 12:12pm
+24 pips today. I am finished for this session See you later. Cheers
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  • #560
  • Aug 21, 2018 1:53pm Aug 21, 2018 1:53pm
Quoting Giedrius
{quote} Nice trade Spoof and you were smarter jumped out earlier , I was waiting till lines will cross !
Ya...just trailed a stop and it got taken out at the same time the stoch was leaving the 80. The next long signal back over the 50 went for another 50 or so pips! The ADR was already reached for the day so I didn't take it as I didn't figure there would be much movement left - I was wrong :-)
Emotion - it steals your money.
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