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Thanks for a detailed explanation. Makes a lot of sense to me. Will keep on watching live charts.

It didnt get much easier than today. Before the stockmarkets opened price for DAX was allready rejected from pivot cluster. Likely they allready started discounting the bad feeling about the wave of numbers upfront. Within the black vertical from H1 chart you could see the flow from stochastics all together showing nice orderflow south. Within this vertical both French numbers were published so likely only adding to the missery right(I dont like playing the Cacarant always play DAX; it doesnt really matters when sentiment is nice or ugly anyway).

Now I like to pinpoint my entry somewhere. The first black vertical on the min chart is opening DAX(the chart sais 1000h but its in fact 0900h Berlin time); I always place black vertical minute before opening to make sure I dont get suprised. I could have sold right away after open but this Daily EMA75 was spooking me a bit. You could see the strong bounce from this line(yellow one) at first but I rarely buy against strong orderflows from H1 especialy not having seen the poor French numbers and sentiment very negative. It was also quickly rejected by the EMA75 for the min1 chart(black one). I sold the second black vertical after seeing all lines from stochastics going through 50 very strongly and made the whole trade to the EMA75 for the Min15 chart(green one).

I placed to more verticals for nice scalps back to the green again witch could have been nice to play as well; both cases stochastics came down from overbought and strongly flowing south again. Didnt play; allready gone for breakfast

Hi Despichtt, good to hear from you, I actually spent a lot of time reading your old posts on spuds MTF Stoch threads. Always liked the way you saw the charts and although im sorry to hear about your 30k account, it's good to see you back!

I love Stoch and the rope and when I saw you post I had to try your template today on the G/U with a micro account and scalped 37 pips, looking forward to seeing more of your posts. I've never heard of the 75 EMA before but it seems pretty good on all the timeframes.

Heres a good one from the European open: M5 stoch nice move down through 50 right at Frankfurt open, looking to hit 75 EMA (pink). on M1 sold at break of M1 75 EMA (black) TP at M5 75 EMA (pink). Then played the bounce from black to pink again (probably a bit early) and then sold at break of pink EMA to the 15M 75 EMA (green). Also noted large volume bar at the 15M 75 EMA, as price reversed shortly after.





Looking forward to testing more, but even just using the M1 there looks to be some good scalping oppertunites, and then using the HTF can lead to some pretty good trades.

Do you always wait for the larger time from Stoch to cross 50 before looking for entries? On a trending day would you play bounces of EMA's?

Hi Canning34,

Nice to see the indicators and templates all working. Wasnt sure; didnt test. Also nice to see the bottom stochstics collar indicator, thats a very long time ago

I like to mention: if you think like the (12,1,3) for the Min5 chart is a bit of the average stochastics most people use, the black one(75,1,3) is about the same as the average for the Min30 chart. Same story for all TF's off course. To answer your first question is defenately not. When I look at your first chart I love to see all lines comming back from oversold together in some rope if its from some pivot or big EMA. When scalping and looking for some entree on the min1 I like to see the lines crossing 50 though or take some early confirming green/red volume bar(in this case the slow black one is in overbought/sold area on the other side anyway).

Sure you can try play bounces from EMA's when trending and you see price bouncing from some EMA. I still like to see a bit more evidence at the end. But yeah if you like to scalp from some line and see it bounce you could always have a go placing stop tight below that EMA.

Nice cable chart with beatifull stochastics after your London vertical; I was watching exactly the same chart as well; just played Dax because I had this strong feeling for heavy discountings to come but you can wake me up every day to play that cable chart as well

Have a nice day!

Couple of scalpes played. Like to show you this one. Cable bit of a downtrend because its a bit risk of but its not a collapsing figure so you can scalp both ways. I saw this strong orderflow for min1 developing I dicided to play to ema75 for the min as first TP parget. As you can see my entre(black vertical) it was a clear flow from stochastics to the other side. I put second TP just below pivot because its so nearby and not going for big goals in this downtrend:

Nice scalp for me!

I just closed at the pivot but watching this strong movement from Min5 chart developing I could have should have perhaps(..) pushed for the Min5 chart off course. Bit of the same story for the strengt from this picture and the Pink(ema75 min5) still to reach. It reached just minutes later

Dear despichtt
Do you have favourite ticker or how do you decide which ticker to trade?

Forex I play almost only cable; sometimes EURUSD, I watch for Dollar str/weakness mainly. Also GC, CL, DAX and ES. I like watch the ones where I have good feeling for something to happen. Always watch 3 TF's for one item(min1, min5 and H1; last one I swich a bit to other TF's as well);taking one screen. Looking at 2 screens, so watch something else on the other one. Have labtop and another screen for news etc
Many times I have no real feeling at all. I Always look for cable to scalp something. Long time I only traded cable when I was educating myself

Cable was my first love..

Just saw vey nice bottom bounce figure; all stochastics strong up through 50 including the slow black one nicely going up and really looking nice on the chart. Bought on it, first target weekly R1. I took some screen shots during trade to show you. I Always take screenshots from entree trade btw and make short story why; should be a bit of a good reason at least. It once really helped me for not pulling the trigger too much making trades for poor reasons, is good for evaluating the krep as well

Now looking the min5 figure I want some more, pushing throuh to the next line. I e the blue, H1 ema75. Pink it should have been off course because its the ema75 for the min5 TF(..) but taste still good at the end. I love perfect executed trades and dont really care anymore if its still went up some 25 pips more at the end. Sometimes I just stuff the stops higher sealing profit to be sure as well, usaually when its really flying al over the place. I have bad habit of taking profit too fast many times; not my worst problem fortunately as I let slip little profit usually. I often start trade as same scalp quicly TP on some line somewhere, try let run the rest of the orders(s)

Now Im watching just enjoyning the nice trade. Nice to see it did just reached the ema75 min5(the pink) because of the strenght from this min5 TF and than sold. It could have gone higher as well off course but I dont really would care eather because my trade was good. I prefer to see it just selling from my TP off course though

Both pictures from min1 and min5 Charts:

Life is indeed great.

i am learning a lot from this thread.

thanks

I was watching this strong H4 from stochastics flow south at the second black vertical and still main targets miles south to reach. The daily ema75(orange) and the H4 ema75(blue) still so far south I coudnt even see on the H1 chart; also pivot at 2860 still far south. You can be pritty sure in this case its gonna reach at least on of them; it cracked all at the end but even the space between the entree and the daily EMA is nothing short of a homerun for me. Im not a long trader at all but it could have(should have) been just one trade. I collected a lot on this move shorting the DAX same time. I usualy play DAX in the morning and ES later in the day

Some scalps for ES befor close yesterday. The last one is nice fast on. You could see all lines getting out from oversold in strong fashion likely producing some momentum. It perfectly popped to the combined pink(ema75min5) and the blue(ema75H4) and also rejected by them. I placed my TPs on the horizontal purple lines

I deleted the last one I wanted to show some pitfall. Think this one is more compelling.

As you could see on the min1 chart price just reached some pivot and didnt do much but thanking a bit. First vertical showing you what looks to be some fast flow back to pivot. Oooh, that is a stronk pop he! I usualy put stop just below some breakout candle; it would have been eaten right away. Imediately you get the far stronger signal against you with the nice big red volume bar as well. Now all lines from stochastics look even stronger and you really like the engulfing picture right. You likely found through direction for some time. The last black vertical confirming the story with some big red volume bar and big candle even more

Looking at the min5 chart you could see it didnt look like a buy at all probably. The candle before the black vertical showed how the story above looked like after the candle got closed. The min15 flow could have given you some red flag as well as all lines allready flowing south gradualy. Often the case for some steady downtrend to come

Not always the strong looking stochastic paying of right away. What more meaningfull to know is that price is likely gonna accalerate and you will see more action. Fast, clusters of lines on the min5 can spin very voilent both ways often. Final result is many times some very big move at the end one way or the other. Cable is famous for doing this often

Small Euro scalp still nice to show. You could see price bounce from H1 ema75(dark blue) very nicely. I was bit late but still small pips to pivot and seeing strenght from min5 TP my second order just there.

Still nice momentum but as usual Euro pays louzy money

Bit earlier you could have take anaother fast scalp back to pivot on the min chart; also fast min orderflow

Fast scalpes; sometimes I dont care all lines stochastics allready in oversold; specialy not if they are flying into oversold all together in strength with nice red volume bars to support. Its just collecting time

Thought it was news as it was same time dropping but couldnt find any; perhaps just fresh hour sellings

Nice opening momentum south; beatifull fast flow from stochastics min1; just TP on the pivot

Keep the pictures coming! I'm having good success finding entries on GU. Just working on the exits, especially not exiting too early, and learning patience, and not jumping on the Stochastics every time they seem to rope up.

Thanks,
Canning

Patients is all about the game. Just feel confortable with some setup and make the most of it. I have same issue you mentioning. Often TP to fast but dont mind at all if both my TP's have been eaten

Most of the time I have just short goal. If I have no clue at all for TP often as well its good parctice starting TP same candke size. Often make 2nd just same size. My 2 trades from Posts 36 good eaxamples. I just TP moments before the shots

Always set some targets when you make some move. No matter how small the are, you allready make profit

Great thread system looking good i will give it a try. thanks for sharing im subscribe.