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bringin sexy back - stochastics

  • #1,301
  • Jul 20, 2007 2:20pm Jul 20, 2007 2:20pm
Quoting tzachi
Melpheos & Boxing,

Which broker do you guys use for the live account? Looking for a relaible one.
I have no much problem with FXlite (same as FXDD but support is in french)

Spread is higher than some other broker but swap is the highest in the market i think and paid definitely in time
  • #1,302
  • Jul 20, 2007 2:21pm Jul 20, 2007 2:21pm
Quoting melpheos
hey, who knows

edit : up 10 pips btw, it had to go down

There was so many opportunities today to make money that i can't see how one can lose money such a day ^^

Closed @ +23 it's getting late, it's friday, i'm on holiday with a good profit, sun is shining, my wife is preparing dinner (japanese omlet rice ^^ )
i know really
any decent strategy woulda made some money today
if u can handle watching like 4 or 5 pairs u woulda made an easy 200 pips just today
i watch 1 pair and very rarely take a position in another and i pulled off around 250 pips this past week

tzachi
interbank has been very good to me
oanda is probably the best
if u can drop 5k+ then i recommend interactive brokers
or maybe tradestation(they have amazing charting with lots of systems and indcators and all that if u like that stuff and tight spreads too like 1-3 pips and as low as 4 on gbpjpy. i just checked the website thats where i got the info)

good luck and tell me what u decide on and ur experience

i was gonna go with tradestation but they dont allow lebanese people to open an account and while i can use my american address and id and all that and open the account, the whole idea offended me in a funny way especially since we have one of the best banking systems in the world and one of the very few countries with banking privacy or somethin like switzerland where no one knows how much money another person has and i think they dont allow leb. people to open accounts coz its a third world country and bla bla bla
so im gonna go for interactive brokers soon just working on getting a better internet connection.
  • #1,303
  • Jul 20, 2007 3:03pm Jul 20, 2007 3:03pm
Quoting melpheos
15 pips is not enought anyway for GBP pair (except gbpeur)

1:500 leverage doesn't tell me the lot size you were using. What was your lot size ? What was your starting account value ?

So tell me exactly what you'v done step by step with screenshot if possible (otherwise give me the hour of the trade and exact position taken )
lot size was 0.10, and my starting account value was 42$ i thought that try with this and then after 2 days will put more but when i got that loss so i decide to hold and ask you and then will invest more.so please advice me..and time was 15:00 GMT new york time..

and please kindly share your .tpl file also and tell me your color separation also didn't getting clear that where u set green and where u set red color please make it easy for me and share your stoch file with me..

regards,

Ubaidahsan
  • #1,304
  • Jul 20, 2007 3:16pm Jul 20, 2007 3:16pm
ubaidahsan

ur trading 500:1 which is very dangerous and 0.10 is too big for 42$

u should be trading 0.01 and slowly working ur way up
the more money u have in ur account the more money u will make
so dont expect to make a fortune out of 42$ its difficult
it sounds like ur a new trader so either trade 0.01 lots or put more money in ur account but i really suggest going back to demo for a few months. forex is not an easy game and u cant just expect to make money that easy. its not magic.
it took me 4+ years to start making some money.

as for my system well i suggest u go back and read the whole thread again. i posted at least 50-60 examples throughout the whole thread and those are enough to teach u what the best trades are. melpheos made a guide and posted alot of very useful info so check out the links under his posts.

im just tryin to help u but i can only help u so much and melpheos can only help u so much.
  • #1,305
  • Edited 4:12pm Jul 20, 2007 3:55pm | Edited 4:12pm
Quoting boxingislife
ubaidahsan

ur trading 500:1 which is very dangerous and 0.10 is too big for 42$

u should be trading 0.01 and slowly working ur way up
the more money u have in ur account the more money u will make
so dont expect to make a fortune out of 42$ its difficult
it sounds like ur a new trader so either trade 0.01 lots or put more money in ur account but i really suggest going back to demo for a few months. forex is not an easy game and u cant just expect to make money that easy. its not magic.
it took me 4+ years to start making some money.

as for my system well i suggest u go back and read the whole thread again. i posted at least 50-60 examples throughout the whole thread and those are enough to teach u what the best trades are. melpheos made a guide and posted alot of very useful info so check out the links under his posts.

im just tryin to help u but i can only help u so much and melpheos can only help u so much.
i plus what said here...

well i though your account was much bigger than 42$ lol. According to your post, it seems like you had lost a lot of money.

With such a small account you should start with ONE .01 position and that would allready allow you only 20 pips SL to keep a 5% max/trade as a loss (which is allready high )

Even for .01 lot you should put more money on your account.

As for the template, i have posted several different template on this topic, click on the attach sign next to the topic title, it will give you several template to choose

for template anyway, i think it's best to make your own because it will be yours and your eyes will accustom to it more easily

Final word, i'm ok to help but i think Boxen, me and other have allready post a lot of hint to trade this strategy properly so please read all the post (i know there is a lot of post but would you beleive me if i tell you that when i started i spent around 3-4 month demoing and spending around 50 hours/week - with a job taking allready 40h/week - just looking at the charts )

Trading is a very consuming job at first (it get better with time but really, at first, spent a lot of time watching the charts )
  • #1,306
  • Jul 20, 2007 4:18pm Jul 20, 2007 4:18pm
take it from melpheos
hes been with me from the beginning and has dedicated so much time to learn this and now hes doin very well
hes probably spent more time than me learning it and is able to pick the best trades fairly easily
  • #1,307
  • Jul 21, 2007 1:02am Jul 21, 2007 1:02am
Quoting DTFX
I am a definite newbie to Forex, I have been reviewing this system and would like to suggest adding another Stochastic under this one with the settings of %K 140, %D 4, slowing to 1. Under the Levels tab add a 50 line. When the lines cross the 50 line, either going up or down then time to consider, I have been using just this indicator with good success. The lower the time frame (TF) the more pips it can yield because of the earlier entry but higher risk. Please back test this and you will see good entry points, and some not so good. On good 1 or 2 day moves the exit becomes the 50 line again. The indicator will pin itself either to the top or the bottom indicating the trend is strong. Been tested that a 30 pip trailing stop can be close to the same as the 50 line exit. The tricky part is always the entry. I can see using these two together might swing the probability a little more our way. If anyone wants pictures I can post some if the understanding needs to be clarified. I believe this system can swing the probability towards the positive side even more. Any thoughts would be appreciated.
Hello DTFX. Let me ask you what would this add to this method? I don't understand after all the indicators we have to use with the method how were you thinking this could help? On entry? On exit? I would be interested in screenshots of your charts pointing out how this could confirm entries or exits etc....Sure appreciate industrious minds always trying to improve our trading.

Much thanks to Boxing and Meph for your great work

Thanks
Greg D
  • #1,308
  • Edited 11:30am Jul 21, 2007 4:57am | Edited 11:30am
Quoting eegle
Hello DTFX. Let me ask you what would this add to this method? I don't understand after all the indicators we have to use with the method how were you thinking this could help? On entry? On exit? I would be interested in screenshots of your charts pointing out how this could confirm entries or exits etc....Sure appreciate industrious minds always trying to improve our trading.

Much thanks to Boxing and Meph for your great work

Thanks
Greg D
I have made some backtest but all it seems to do is remove a lot of very profitable trade... Also the slope of the 140 stoch is most all the time the same as the 50% slope.

But anyway, everyone has to find it's own setup

I beleive my setup is totally different than boxen setup and other ppl using this strategy. In my setup, i'm mixing different strategy with sexy stoch as a main strategy, the other being more visual confirmation than pure trading strategy.

I have replaced the nonlagma by standard heiken ashi and added linuxtroll wave but also modified (i have 2 setup one for downtrend and one for uptrend )
  • #1,309
  • Jul 21, 2007 9:55am Jul 21, 2007 9:55am
Quoting eegle
Hello DTFX. Let me ask you what would this add to this method? I don't understand after all the indicators we have to use with the method how were you thinking this could help? On entry? On exit? I would be interested in screenshots of your charts pointing out how this could confirm entries or exits etc....Sure appreciate industrious minds always trying to improve our trading.

Much thanks to Boxing and Meph for your great work

Thanks
Greg D
I certainly did not mean to add confusion, just wondering if anyone could see a valid use for this setting. I have been taking trades when the Stochastic set at %k140, %d4, slowing 1, is crossing the 50 line. I can see where the bad trades I have taken were false setups, not really versed in the charts as I have been trading a demo full time, about 50 to 60 hours a week for the past 2 months, I am still studying everything and making use of the candles as well. I am hoping the Steve Nison book is going to pay off.

Took a course that was paid for on a system that I have tried and could not make work, neither could 50 other students, so I feel I am learning all over again, this time with things that seem more realistic. I will work on some screen shots of good and bad setups so it can be properly dissected. Maybe with the good trades pointers about where everything else lines up can help. Thanks for being kind
.............................................................................................
Mostly Nocturnal
  • #1,310
  • Jul 21, 2007 11:58am Jul 21, 2007 11:58am
Quote
ubaidahsan

ur trading 500:1 which is very dangerous and 0.10 is too big for 42$

u should be trading 0.01 and slowly working ur way up
the more money u have in ur account the more money u will make
so dont expect to make a fortune out of 42$ its difficult
it sounds like ur a new trader so either trade 0.01 lots or put more money in ur account but i really suggest going back to demo for a few months. forex is not an easy game and u cant just expect to make money that easy. its not magic.
it took me 4+ years to start making some money.

as for my system well i suggest u go back and read the whole thread again. i posted at least 50-60 examples throughout the whole thread and those are enough to teach u what the best trades are. melpheos made a guide and posted alot of very useful info so check out the links under his posts.

im just tryin to help u but i can only help u so much and melpheos can only help u so much.

Quoting melpheos
i plus what said here...

well i though your account was much bigger than 42$ lol. According to your post, it seems like you had lost a lot of money.

With such a small account you should start with ONE .01 position and that would allready allow you only 20 pips SL to keep a 5% max/trade as a loss (which is allready high )

Even for .01 lot you should put more money on your account.

As for the template, i have posted several different template on this topic, click on the attach sign next to the topic title, it will give you several template to choose

for template anyway, i think it's best to make your own because it will be yours and your eyes will accustom to it more easily

Final word, i'm ok to help but i think Boxen, me and other have allready post a lot of hint to trade this strategy properly so please read all the post (i know there is a lot of post but would you beleive me if i tell you that when i started i spent around 3-4 month demoing and spending around 50 hours/week - with a job taking allready 40h/week - just looking at the charts )

Trading is a very consuming job at first (it get better with time but really, at first, spent a lot of time watching the charts )
thanks for all of you and sir boxingislife i respect you and melopheos both and reading your all posts and reach on 70th page till now. before that i was using demo account since last month and when i start read your thread so i started to get success in my demo forex account so i decide to start it lively when i am making good profit in demo so i initially put 40 and thought from Monday will put more and start as a professional but when i got that loss so i am worried and i know its not a easy thing its not easy as all newbies think but i am different i get all info and then i go ahead and when i get control in demo then i start but i didn't know that its totally changed in live but what i can do when in forexegypt no option to take position from 0.01 .

so please advice now i decide to do more practice and want to do trade with this balance which i have now becuase i think if i do practice in demo and work live also so it will provide me good experince so please advice me and please advice me that from now what strategy i need to apply in this situation??and happy to see that you all are helping me so please advice me and safe me and give me a chance to become a professonal trader... i know practice makes man perfect...so please guide me too and i will read all thread today.but please advice me..

regards,


Ubaidahsan
  • #1,311
  • Jul 21, 2007 5:02pm Jul 21, 2007 5:02pm
Quoting ubaidahsan
thanks for all of you and sir boxingislife i respect you and melopheos both and reading your all posts and reach on 70th page till now. before that i was using demo account since last month and when i start read your thread so i started to get success in my demo forex account so i decide to start it lively when i am making good profit in demo so i initially put 40 and thought from Monday will put more and start as a professional but when i got that loss so i am worried and i know its not a easy thing its not easy as all newbies think but i am different i get all info and then i go ahead and when i get control in demo then i start but i didn't know that its totally changed in live but what i can do when in forexegypt no option to take position from 0.01 .

so please advice now i decide to do more practice and want to do trade with this balance which i have now becuase i think if i do practice in demo and work live also so it will provide me good experince so please advice me and please advice me that from now what strategy i need to apply in this situation??and happy to see that you all are helping me so please advice me and safe me and give me a chance to become a professonal trader... i know practice makes man perfect...so please guide me too and i will read all thread today.but please advice me..

regards,


Ubaidahsan
First advice => DEMO ACCOUNT MORE !!!
2nd advice => DEMO ACCOUNT MORE !!!
3rd advice => Did you though about using a DEMO ACCOUNT ?

How long have you been demoing ?

Also, how can you think about trading as a professional when you still have to learn money management, patience, dedication and a lot of other thing...

You have made the first step, that is blowing an account. Now, for you to no blow a 2nd account, you need to work more on demo and in particular using a demo account that has the same amount of money you will REALLY start with...

Also look this sub forum : http://www.forexfactory.com/forumdisplay.php?f=104

It's a very good sub forum about stoch
  • #1,312
  • Jul 22, 2007 3:40am Jul 22, 2007 3:40am
It's very interesting trading system ..... and very simple too... Great work!!

Thank's alot for sharing this system Mr. Boxingislife and .. to make it perfect Mr. Melpheos

I think i have no question you explain this very clearly...


warm regards,

pipssniper
...just focus and wait for the right time...
  • #1,313
  • Jul 22, 2007 9:46am Jul 22, 2007 9:46am
Quoting melpheos
First advice => DEMO ACCOUNT MORE !!!
2nd advice => DEMO ACCOUNT MORE !!!
3rd advice => Did you though about using a DEMO ACCOUNT ?

How long have you been demoing ?

Also, how can you think about trading as a professional when you still have to learn money management, patience, dedication and a lot of other thing...

You have made the first step, that is blowing an account. Now, for you to no blow a 2nd account, you need to work more on demo and in particular using a demo account that has the same amount of money you will REALLY start with...

Also look this sub forum : http://www.forexfactory.com/forumdisplay.php?f=104

It's a very good sub forum about stoch
Dear Sir,

thanks for your post..i want to tell you that..i am working in demo account since last 3 months.before that system i was doing trade at event times only and checking it but after read this thread so doing practice since last 1 month but didn't get it understand completely but trying to understand it i know it will take time but now what you suggest??i am stick with demo??or try it with demo and live both?please advice and tell me the best time to do trade??and tell me one more thing that how much pip i set for profit and how much for loss??i am serious and want to be a good trader that is why working hard and telling truth everything..

as i told you that my account level was 40$ so i can tell you lie too but as i am honest and i want to be a perfect so that's why i told you a truth situation because i know if i tell you lie so you can't judge and can't help me..so now please advice me ..i want to be perfect in it..and please advice me also since learning time if i want to invest with any trader so how much ROI i can earn from trader?thanks for your stoch threads i will read all...

regards,

Ubaidahsan
  • #1,314
  • Jul 23, 2007 3:08am Jul 23, 2007 3:08am
my point of view :
if u have 40$ thats great !!!
trade on live account !!!!!!!
BUT ....
trade with tiny % of ur account.
My example : when i lost a lot of my account i started to trade with ... 10-100 quantity to test this sexy system BUT LIVE !!!!
then start to bigger quantity , in this way u make money and gain real experience
trading with small Q u will start to renew ur start capital. but slowly like every new trader should do
REAL account works diff then DEMO.
Trading on live account teaches u , like said melpheos : money management, patience, dedication and a lot of other thing...
this is the best way to practice.

best regards
Oleevier
  • #1,315
  • Jul 23, 2007 11:48am Jul 23, 2007 11:48am
Quoting melpheos
I have made some backtest but all it seems to do is remove a lot of very profitable trade... Also the slope of the 140 stoch is most all the time the same as the 50% slope.

But anyway, everyone has to find it's own setup

I beleive my setup is totally different than boxen setup and other ppl using this strategy. In my setup, i'm mixing different strategy with sexy stoch as a main strategy, the other being more visual confirmation than pure trading strategy.

I have replaced the nonlagma by standard heiken ashi and added linuxtroll wave but also modified (i have 2 setup one for downtrend and one for uptrend )
Hey Melpheos where is the template you are using now? The one with the standard heiken ashi and the linuxtroll wave? Can you show them together and it would be nice if you could possible go thru the steps you follow for a setup...Lets say on the 1hr chart...I understand the system and have been using it and I'm just trying to "fine tune" my entries..

I get my signals on the 1hr and filter down to the 15 then 5 then try to enter on the 1 min...What I'm trying to do is get good entries and shoot for just 10 pips and spread...just getting 10 pips a trade is $100 a trade which is great..So I'm working on refining my entries...I would like to see the linuxtroll used if you are using it for entries or any advice you might have for the entries...or where can I get the linuxtroll and how does it work

thanks

Greg D
  • #1,316
  • Edited 1:58pm Jul 23, 2007 1:46pm | Edited 1:58pm
i do agree with you oliveer that demo and live is totally different and always every loss give you hope to win again but i think for a time being i need to do trade in demo account for 1-2 weeks because i think i need to do understand the charts and this strategy perfectly yesterday i found a fault and caught that mistake which i made..actually i learn in thread and then i decide to do it practically but i don't know from where i read that take long when signal line cross 80 and sell when line cross 20 it is bad and my mistake but in reality this strategy works when for buy it crosses 50 both 20,50 and 5 and for sell when below then 50 and all 3 indicators are down so take sell..so now i understand and make good profit today but now want to share charts and want to understand few things ..i know everyone will help me...

Please check this chart i open trade at 0.8030 and check is my chart is ok?and tell me few things about 5,3,3 it is in red color and in green it is 50,10,20 and in yellow it is 20,10,20 i want to know that about 5,3,3 i read that
" 5. we want the 5 to go into overbought if the trend is down. basically we are looking for a pullback. as soon as the 5 cross back down we enter. "
so what its means in reality please explian and when it will be oversold or over bought and for this chart what was the best time when i can open position?
http://www.imagehosting.com/out.php/..._tradedemo.gif









Now check this chart this is M15 chart and it is showing diffrent nad what i understand it is that when 5,3,3 is going up so all other 50,and 20 will also up but i dun know and not sure about it so please tell me and help me..and sorry for my foolish questions ..but as i am new so i think i can ask questions like that because i want to be a trader..its my passion... now

http://www.imagehosting.com/out.php/...radedemom5.gif

and now please check this chart and advice me what will be best time to open position??i can open now or i need to do wait??please check and advice

http://www.imagehosting.com/out.php/i945830_try.gif


awaiting a favorable response

regards,

Ubaidahsan
  • #1,317
  • Jul 23, 2007 4:30pm Jul 23, 2007 4:30pm
one thins is confusing me..please help me and correct it

i am watching charts since last 6 hours continue and taking positions when both 50, and 20 crossing 50 or reaching up but noticing one thing that 50,20 is still up and going to crossing 80 and reaching near 80 but if 5,3,3 going down so trend is going down but 50,20 is moving slow but trend is going down fast and coming up fast so what is it please make it clear and easy for me and tell me when i can take position??i understand one thing that
first wait when trend goes down and then pull back slowly then take position but what i do for down and which one will be better M1,M5,H1??because in H1 moving slow and any other fast but in all charts views look is different please advice

regards,

Ubaid
  • #1,318
  • Jul 24, 2007 3:30pm Jul 24, 2007 3:30pm
want to share with u that trade i took
setup was just great and it gave me 90 pips
it was nice SHORT
Attached Image (click to enlarge)
Click to Enlarge Name: gej.jpg Size: 48 KB
  • #1,319
  • Jul 30, 2007 4:28pm Jul 30, 2007 4:28pm
why this thread is slow now??
didn't get any replay for my last post...hope soon will get replay...

Regards,

Ubaid
  • #1,320
  • Aug 3, 2007 11:08am Aug 3, 2007 11:08am
Quoting ubaidahsan
why this thread is slow now??
didn't get any replay for my last post...hope soon will get replay...

Regards,

Ubaid
hi everyone again, back from Spain. Was doing bodyboard there (had once a 3 meters session but the other days was 50cm )

I think the thread is slow because we all made a lot of work on it and i guess everthing has been answered allready if one read teh whole thread.

Also, the MTF stoch main thread also has it's thread about stoch elasticity that somewhat is redundant with boxingislife stoch system.

I have worked on past data during my holidays on the MTF stoch and they seems to work quite nicely alltogether with boxingislife strategy.
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