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bringin sexy back - stochastics

  • #1,001
  • May 15, 2007 3:37pm May 15, 2007 3:37pm
ok...
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  • #1,002
  • May 16, 2007 4:03am May 16, 2007 4:03am
I'm pretty sure that this has been covered, but just in case, lol... You can use an RVI the same way. I find that the Meta RVI is a bit faster at predicting new moves/trends...

Anyhoo, just in case nobody mentioned this yet...
{Promotion Removed}
  • #1,003
  • May 16, 2007 4:26am May 16, 2007 4:26am
Quoting riffster
I'm pretty sure that this has been covered, but just in case, lol... You can use an RVI the same way. I find that the Meta RVI is a bit faster at predicting new moves/trends...

Anyhoo, just in case nobody mentioned this yet...
Nobody mentionned it yet

Could you post a screenshot with the setup so we get an idea

edit : i have studied it for little time but with a period of 20 it seems to give a pretty good exit point. Yet i dont see how you can set it up to it achieve the same results as the stochs
  • #1,004
  • May 16, 2007 6:23am May 16, 2007 6:23am
Setting up notrade rules for this system has been quite easy. Most importantly, looking at what level the slow stoch lines are at.

Should be able to make 10+ 10 pip trades per day pretty easily if you ahve the time to watch the 15 min chart. Tested the 1hr with 4hr verification, it failed miserably in my test. And I am an adrenalin trader.... 15 min is worth it.
  • #1,005
  • May 16, 2007 7:51am May 16, 2007 7:51am
Wooooo made my first real 50 pips today (could have been much better if i had not freaked out but thats very cool allready ) but ATM im only trading minilot so only 50$ in the pocket

I took in particular this trade but stop at 16 pips instead of more than 40....Grrrr....
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  • #1,006
  • May 16, 2007 8:08am May 16, 2007 8:08am
melpheos,
I waited for one your answer…
  • #1,007
  • May 16, 2007 8:14am May 16, 2007 8:14am
You may not have gotten the 40 pips, but you got the 16. And what's better you didn't lose 16 AND you didn't lose 40.
You kept what you have and then added to it. To me that is more important than catching all the price move.
  • #1,008
  • May 16, 2007 8:21am May 16, 2007 8:21am
Quoting melpheos
Wooooo made my first real 50 pips today (could have been much better if i had not freaked out but thats very cool allready ) but ATM im only trading minilot so only 50$ in the pocket

I took in particular this trade but stop at 16 pips instead of more than 40....Grrrr....
hi melpheos,

nice trade u have there. what's that Aqua channel on your chart? do we need it?
  • #1,009
  • Edited 9:57am May 16, 2007 8:29am | Edited 9:57am
Quoting eagle
melpheos,
I waited for one your answer…
Sorry i can't see any question... Or your question is missing the question mark :-p and dont put angry smillies, i dont owe you anything...

Quoting sepak.orang
hi melpheos,

nice trade u have there. what's that Aqua channel on your chart? do we need it?
It replace the BB i was using and not looking at. It's just a high/low EMA8.

Here is a quick trade running with +37 pips atm (locked 20 )

Closed @ +58 as it is getting late and the move is over
Attached Image
  • #1,010
  • May 16, 2007 8:55am May 16, 2007 8:55am
Hi Melpheos,

Could you tell me what pairs and what timeframes your last 2 posted charts are for.

Thanks
  • #1,011
  • May 16, 2007 8:58am May 16, 2007 8:58am
Quoting scorpion
Hi Melpheos,

Could you tell me what pairs and what timeframes your last 2 posted charts are for.

Thanks
oups yes for the first one it is audusd, the second one eur/usd (+50 pips now )
  • #1,012
  • May 16, 2007 9:09am May 16, 2007 9:09am
Quoting melpheos
oups yes for the first one it is audusd, the second one eur/usd (+50 pips now )
Hi Melpheos,

On which bar did you enter?
And on the close or the open?

Thanks,

FP

P.S. Congratulations on your first live success!!!!
Posting Demo charts, mirroring some of them live.
  • #1,013
  • May 16, 2007 9:09am May 16, 2007 9:09am
Quoting melpheos
oups yes for the first one it is audusd, the second one eur/usd (+50 pips now )
and... what timeframes?
  • #1,014
  • May 16, 2007 9:21am May 16, 2007 9:21am
Think they were both on the 15 min charts - They both look like almost perfect examples of the system in action - especially the AudUsd.

As has been said before most days you will find at least one maybe more perfect set-ups if you monitor a few pairs and a few timeframes.
  • #1,015
  • Edited 10:23am May 16, 2007 10:09am | Edited 10:23am
Quoting scorpion
Think they were both on the 15 min charts - They both look like almost perfect examples of the system in action - especially the AudUsd.

As has been said before most days you will find at least one maybe more perfect set-ups if you monitor a few pairs and a few timeframes.
Yes, screen shot does not show TF :-/ , i'll try to post the screenshot with pair and TF next time (tomorrow ? )

Closed the €$ @ +58 because of the hour of the day (this pair usually stop moving around 18:30-19 GMT+1

I have one brake even audyen and -16 on Gbpyen running but i'm up around 110 pips for today. Hope it will go the same way tomorrow

Watch for this trade around midnight GMT+1 this is usdcad on H4

Ps : honestly, doesn't my chart look damn sexy ? ^^

Quoting forexpiet
Hi Melpheos,

On which bar did you enter?
And on the close or the open?

Thanks,

FP

P.S. Congratulations on your first live success!!!!
Allways on close but on fast TF you can open before the close
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  • #1,016
  • May 16, 2007 10:24am May 16, 2007 10:24am
I was joking for the smile.
I asked kindly if indicator are ok?? and if the timeframe to 1H going well??
thank you
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  • #1,017
  • May 16, 2007 10:45am May 16, 2007 10:45am
Takisd,

What about trading the 5 min chart?
  • #1,018
  • May 16, 2007 10:54am May 16, 2007 10:54am
Melpheos,

Just wanted to say GREAT JOB.
  • #1,019
  • May 16, 2007 11:32am May 16, 2007 11:32am
Quoting eagle
I was joking for the smile.
I asked kindly if indicator are ok?? and if the timeframe to 1H going well??
thank you
on your screenshot the 50 are OK but the 20 have crossed and might head up so i would not have taken this trade on this particular time frame (M15 M30 gave reliable signal today but i managed to make only 10 pips on this one it's GBPUSD right ? )

I think your are missing an indicator as the signalbarV6 is showing something wrong on your screenshot
  • #1,020
  • May 16, 2007 11:32am May 16, 2007 11:32am
Hi Mel

I downloaded fxlite mt4 and loaded your template into it,
my stochs look very different to yours, below see your chart
and my chart, both 15 min tf i believe, notice the 533 stochs on yours
reaches the 80 line to give the signal for short on euro, where mine
doesnt even reach 50, do you have any idea why this might be?

Sorry about that, I switched to 5 min and it was exactly the same as yours,
I take it you took that euro short off the 5min signal then,
also do you trade live with fxlite, or only use it for charting.

Thanks
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