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MTF Stochastics Trading

  • #581
  • Aug 22, 2018 10:04am Aug 22, 2018 10:04am
Loss -9.4

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  • #582
  • Aug 22, 2018 10:24am Aug 22, 2018 10:24am
Quoting papadom
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...
Welcome to our Nut House papadom. You are incorrect about the M15 MTF Stochastic on the M5 charts. You need to read ALL of the 1st post until you understand it. Then go through the thread. You will find plenty of charts and posts giving you the answers you're looking for. I'll give you a head-start. This explains MTF Stochastic v2.1, the one we use here : https://www.forexfactory.com/showthr...4#post11391034
  • #583
  • Aug 22, 2018 10:40am Aug 22, 2018 10:40am
Quoting ZapPow
Loss -9.4 {image}
Doncha love oil news?
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  • #584
  • Aug 22, 2018 10:49am Aug 22, 2018 10:49am
Quoting papadom
I found out that the higher time frame stochastic green line floating about 2 step back
I have found that also long time ago and wrote about such a thing. But I am used to it now, no problem. You can be in profit, just read the rules once again and do everything in accordance with rules.
  • #585
  • Aug 22, 2018 10:51am Aug 22, 2018 10:51am
Quoting Loqito
{quote} I have found that also long time ago and wrote about such a thing. But I am used to it now, no problem. You can be in profit, just read the rules once again and do everything in accordance with rules.
God Bless You Loqito
  • #586
  • Aug 22, 2018 10:51am Aug 22, 2018 10:51am
Quoting papadom
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...
Yes, the higher stochastic won't be permanently fixed until after the higher time frame candle closes. Yes, price will have moved from the point where the stochastic initially crosses the 50 but we won't know for sure if it will stay there until after the higher time frame is finished. Just part and parcel of the system. I was wondering the exact same thing - the price at entry may not have been the 'best'. Like Bobby2 says, you only need to grab part of the move - point #4 in the first post.
Emotion - it steals your money.
  • #587
  • Aug 22, 2018 10:51am Aug 22, 2018 10:51am
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  • #588
  • Aug 22, 2018 10:57am Aug 22, 2018 10:57am
London closes in 5 minutes. FOMC minutes in a couple of hours. I'm up +39 pips for the day. I'm gonna take my pips and have some lunch and then mow 2 lawns. Have a great day everyone!!
  • #589
  • Aug 22, 2018 11:26am Aug 22, 2018 11:26am
Why didnt you start a tradeexplorer there would be nice too have one system in here backed up by a tradeexplorer....As you write here you have a lot more positive pips than negative ones...
You win some you loose some do both with peace of mind
  • #590
  • Aug 22, 2018 12:50pm Aug 22, 2018 12:50pm
Loss -7.9

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  • #591
  • Aug 22, 2018 4:05pm Aug 22, 2018 4:05pm
Quoting bobby2
{image}
Is that what you call stochastic divergence? I've not seen that very often at all.
Ardua Ad Astra Per
  • #592
  • Aug 22, 2018 4:17pm Aug 22, 2018 4:17pm
Quoting magne999
Why didnt you start a tradeexplorer there would be nice too have one system in here backed up by a tradeexplorer....As you write here you have a lot more positive pips than negative ones...
I had a TE when the thread first began. I killed it because people were driving me insane asking me Why did you do this?, Why did you do that? on every single trade. I trade for a living. It buys my food and pays my bills. I don't mind helping out, but it got ridiculous and my live trading suffered because of it. Lesson learned. No thanks. Personally, I don't need a TE. If someone wants to join us here and make an effort to understand what it is we're doing, that's fine. If people decide not to participate here because there's no Trade Explorer, I don't have any problems with their decision.
  • #593
  • Aug 22, 2018 4:24pm Aug 22, 2018 4:24pm
Quoting ZapPow
Loss -7.9 {image}
Hi Zapow,

Hope you don't mind me giving you my 2 cents worth on that M15 EN trade. With all due respect that pair was probably not the best choice at that time. If you look left you had stiff resistance just above PA as it was sat on a weekly fib pivot and 20 pips below you had the 1.7300 BRN. If you look at the previous few candles they have wicks both ends, they are indecision candles which very often means the market doesn't know which way it wants to go. To me that's a message to either wait to see which direction the market wants to go or go find another pair.
Ardua Ad Astra Per
  • #594
  • Aug 22, 2018 4:28pm Aug 22, 2018 4:28pm
Quoting mistakesr
{quote} Is that what you call stochastic divergence? I've not seen that very often at all.
Nah, just my creative artwork
  • #595
  • Aug 22, 2018 4:31pm Aug 22, 2018 4:31pm
Quoting magne999
Why didnt you start a tradeexplorer there would be nice too have one system in here backed up by a tradeexplorer....As you write here you have a lot more positive pips than negative ones...
Is looking at someone else's TE going to make you a better trader?
Ardua Ad Astra Per
  • #596
  • Aug 22, 2018 4:51pm Aug 22, 2018 4:51pm
Quoting mistakesr
{quote} Hi Zapow, Hope you don't mind me giving you my 2 cents worth on that M15 EN trade. With all due respect that pair was probably not the best choice at that time. If you look left you had stiff resistance just above PA as it was sat on a weekly fib pivot and 20 pips below you had the 1.7300 BRN. If you look at the previous few candles they have wicks both ends, they are indecision candles which very often means the market doesn't know which way it wants to go. To me that's a message to either wait to see which direction the market wants to...

I appreciate your advice mistakesr, I really do. But, if fib levels and BRN's were part of the decision making proccess for this system, bobby would of included it in the rules and allow us to add anything else we wanted to the posted charts.

I am following the rules, and have a TE to document my trades, I'm actually the ONLY poster to this thread with a Trade Explorer.
  • #597
  • Aug 22, 2018 4:57pm Aug 22, 2018 4:57pm
Quoting ZapPow
{quote} I appreciate your advice mistakesr, I really do. But, if fib levels and BRN's were part of the decision making proccess for this system, bobby would of included it in the rules and allow us to add anything else we wanted to the posted charts. I am following the rules, and have a TE to document my trades, I'm actually the ONLY poster to this thread with a Trade Explorer.
Indeed, for every support, resistance, fib level, pivot, candle pattern, BRN, yadda, yadda that is supposed to "work" I can show two that failed. If these things were so reliable and consistent - we'd all be rich.
Emotion - it steals your money.
  • #598
  • Aug 22, 2018 5:24pm Aug 22, 2018 5:24pm
Quoting bobby2
{quote} I had a TE when the thread first began. I killed it because people were driving me insane asking me Why did you do this?, Why did you do that? on every single trade. I trade for a living. It buys my food and pays my bills. I don't mind helping out, but it got ridiculous and my live trading suffered because of it. Lesson learned. No thanks. Personally, I don't need a TE. If someone wants to join us here and make an effort to understand what it is we're doing, that's fine. If people decide not to participate here because there's no Trade Explorer,...
No it doesnt make me a better trader watching hes trades but i can compare and it shure make him a better trader it is a super cool tool thats an automatic trading journal with all kind of data even chart setups and you can add coments....So you can goo back and compare and also too see how the grunder of the system are doing it with chart setups, where he puts he`s targets and stoplosses that is some of the most importent stuff in trade a tradesetup...So i can compare with where i put mine.....I dont care abaut how much money he makes,but it must be okey too back up a system that are proffiteble even it doesnt matter due too our trading at all....And if people are nagging just ignore them it isnt that big of a hassle...But stay on with your good work i havent tested your system due too i have my own...I just come back from demo for a coupple of weeks testing out different stoplosses for data so started a new account yesterday...so happy trading all...
You win some you loose some do both with peace of mind
  • #599
  • Aug 22, 2018 5:45pm Aug 22, 2018 5:45pm
Loss -2.6

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  • #600
  • Aug 22, 2018 5:48pm Aug 22, 2018 5:48pm
Quoting magne999
{quote} No it doesnt make me a better trader watching hes trades but i can compare and it shure make him a better trader it is a super cool tool thats an automatic trading journal with all kind of data even chart setups and you can add coments....So you can goo back and compare and also too see how the grunder of the system are doing it with chart setups, where he puts he`s targets and stoplosses that is some of the most importent stuff in trade a tradesetup...So i can compare with where i put mine.....I dont care abaut how much money he makes,but...

Also, a Trade Explorer keeps individuals from ONLY posting winning trades!
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