MTF Stochastics Trading

I didn't take another trade also was looking to risky I was watching this move after, is painful ,, but tomorrow another day.

Bobby2, can you please explain your entry here, doesn't appear to correspond to the entry rules on post #1?!

Especially those big ones! I have some trades running on the 4 hour chart +85 pips on EU and +23 pips on AU which I can imagine will take some time to play out. I have this eternal battle with small time frames and long ones - each with their pros and cons.

The MTF stochastic had jerked up and the CTF stochastic had turned up. With both stochastic moving in the same direction together back into the 80 zone it was an entry described as a re-entry signal. Usually the CAR stochastic travels farther from the MTF orbit, but this time it reversed back right away. I have posted about it several times on the thread, but I will add it to the original post later when I have time.

Loss -10

My entry error ... MTF (green) printed across 50, but CTF was heading opposite when I entered .... so I decided to stay until MTF also turned. As soon as MTF (green) printed a reverse I bailed.

This has been added to our original post. I apologize for any confusion about these types of trades.

Re-Entry, Late Entry, and Adding On to an existing, already-in-profit, position
(This type of entry has a higher probability of a break Even or small loss result than an initial entry. Pay attention to current market conditions.)
It is not recommended to enter a position late on an existing signal. Wait for a pull-back. How do we tell the difference between a pull-back and a reversal? Glad you asked. Sometimes you will see the Current Time Frame (CTF) Stochastic drift away from the MTF Stochastic in a different direction so they are no longer in agreement. Usually it will be obvious by the amount of separation between the two stochs, but at times the CTF stoch may only move a little in the opposite direction. The distance the CTF stoch travels away from the MTF orbit isn't important. What is important is that we see the point where the CTF stoch begins to return to the MTF stoch. For this type of entry we are watching the Current Time Frame Stochastic and making sure the MTF Stochastic has not begun to follow it up or down. On a current Close of the current time frame price bar, and seeing the CTF stoch having crossed back towards the MTF stoch that has maintained its position during the pull-back, THAT is where we enter if we wish to enter late, re-enter after an earlier exit, or add to an existing, open, already-in-profit trade. In this case we do not have to wait for the MTF Stochastic to complete its designated time period cycle, but we should wait for a close of the current time framr price bar to determine if it has turned back. It is not recommended to take one of these types of signals late.
(It is NOT recommended to add to a losing trade.) After entering, we manage the trade the same as a regular entry.

Loss -3.2

Hang in there...you'll catch a good move yet.

EURUSD M5 Chart

Guys ,I know I will sound like real new,but I just don't know , how do I get this arrows trade start and finish ? Do I have to look in MT4 settings somewhere or you have as your additional tool ?
Thanks

Just open account history and drag the trade you want ond drop it on the appropriate chart.

Here are this morning's trades. I am kicking myself for accidentally closing the same trade on GBPJPY. I was trailing my SL and the order closed somehow :-( Oh well, got out with 15 pips on it anyway. This trade was taken out by trailing stop just as the stoch was leaving the 80 area. As of right now it looks like the up trend may going to continue. +39 for the day.

Thanks cfudge , it works

Started on the 4hr tf
Here are current open trades...

Chris

Looks we were in that same boat again , The Spoof !

Why Spoof, I do believe you're gettin' the hang of this thing. Great job!

cfudge, rip it! Great to see!

Nice :-) I am going to attempt a re-entry on GBPJPY if the CTF goes back above 50 and the MTF goes back above 80.

Don't forget, FOMC Meeting Minutes 4 hrs from now. Price action will probably get wackier than what passes for normal. Let's be careful out there

Edit: 5 mins to US Oil reserves news. I'm out till that gets settled. Oil news has never done me any favors.

Hi Bobby,

Thank you very much to share this system.

I found out that the higher time frame stochastic green line floating about 2 step back; for example, i am at 5m timeframe, and the green line of the 15m will floating 30 minutes back, it is not only floating on current mins but 1 more 15 mins back, so over all are 2 periods of 15m green line are floating, hope you got what i meant.

by this, how can i trade effectively, meant i need to wait up to 30 minutes to allow the green line become freeze. which meant most of the time the trade is too late after 30 mins, lesser pips to earn.

Thanks Bobby.