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  • #1,181
  • Aug 21, 2007 12:42pm Aug 21, 2007 12:42pm
Quoting traden4x
I did some more shots of the 8555 trade I presented yesterday for those who like trading the 1/5min charts.

k2kv, I never saw the post by spud of quicker pipper. I will have to search for it and see what his take on it is.

traden
Hi Traden4x,

Could you post a template for your 8555 set-up?
  • #1,182
  • Aug 21, 2007 12:52pm Aug 21, 2007 12:52pm
Quoting jnevins
Hi Traden4x,

Could you post a template for your 8555 set-up?
jnevins,

I have many indicators that I have saved and renamed to ease loading. If I gave you a template you would need all the indicators as well. They are really no different than what you have already. I would just open a new 5 min chart and make 1 window for the 5 min stoch's 5,3,3 or 8,3,3 and maybe 14,3,3 and other 5min stoch's that you may use for other trend settings. I also use like 5,3,4 as the 4 slowing tends to help filter stoch whip during narrower ranging times. 1 window for the 15min stoch's with 5,3,3 and maybe 14,3,3 and other 15min stoch's that you may use for other trend settings. 1 window for the 30, 60, 240min 5,3,3 stoch's.

traden
  • #1,183
  • Aug 21, 2007 2:06pm Aug 21, 2007 2:06pm
I've recently done a couple of demo trades using a method Spud described where the 15M, 30M and the 1H were all pointing the same way. In both cases the price fell when the 15M turned down when I was just starting to follow the 1H up. In neither case was I able to stay in front of the computer long enough to see if the price recovered and I just wondered if one of you more experienced guys could tell me whether the 15M turning down should be seen as an exit point.

Incidentally as a newbie I know I should read right through the thread and I am busy doing this but a legup would be appreciated.

Thanks,
  • #1,184
  • Aug 21, 2007 2:27pm Aug 21, 2007 2:27pm
Quoting bundubill
I've recently done a couple of demo trades using a method Spud described where the 15M, 30M and the 1H were all pointing the same way. In both cases the price fell when the 15M turned down when I was just starting to follow the 1H up. In neither case was I able to stay in front of the computer long enough to see if the price recovered and I just wondered if one of you more experienced guys could tell me whether the 15M turning down should be seen as an exit point.

Incidentally as a newbie I know I should read right through the thread and I am busy doing this but a legup would be appreciated.

Thanks,
Hi Bill,

I'm no expert, but it would probably help us to know what level each of your stochs were at when the 15 turned down.

Thanks!
Jeff Singer, K2KV
  • #1,185
  • Aug 21, 2007 2:51pm Aug 21, 2007 2:51pm
Quoting k2kv
Hi Bill,

I'm no expert, but it would probably help us to know what level each of your stochs were at when the 15 turned down.

Thanks!
Hi Jeff

Thanks for responding. The 30M was in overbought and the 1H was probably around 25/30 (I think).
  • #1,186
  • Aug 21, 2007 3:12pm Aug 21, 2007 3:12pm
Quoting bundubill
Hi Jeff

Thanks for responding. The 30M was in overbought and the 1H was probably around 25/30 (I think).
I suspect your 15 had already turned down and crossed back below 76.4. I believe the conservative approach according to the rules suggests you get out when the 15 first hits the 76.4. If you do stay in, once it crosses back through 76.4, it's time to flee.

Also, the fact that the 1H had not yet come up to around 50 or so when the 30M was overbought infers that the move was weak (this, from Spud, when I asked a very similar question a few weeks ago!).

I must caution that I am also fairly new at this with many questions of my own; other, more experienced traders may offer a more informed explanation. It's fairly quiet here during the day, just wanted to give you a quick reply.

Hope that helps...
Jeff Singer, K2KV
  • #1,187
  • Aug 21, 2007 3:26pm Aug 21, 2007 3:26pm
Quoting k2kv
I suspect your 15 had already turned down and crossed back below 76.4. I believe the conservative approach according to the rules suggests you get out when the 15 first hits the 76.4. If you do stay in, once it crosses back through 76.4, it's time to flee.

Also, the fact that the 1H had not yet come up to around 50 or so when the 30M was overbought infers that the move was weak (this, from Spud, when I asked a very similar question a few weeks ago!).

I must caution that I am also fairly new at this with many questions of my own; other, more experienced traders may offer a more informed explanation. It's fairly quiet here during the day, just wanted to give you a quick reply.

Hope that helps...
Bundubill,

Without a posting of what your charts looked like, I'd have to agree with Jeff here. Based on what you said, I do believe that the M15 and M30 were already too overbought. While I know the rules say to enter the trade when all three are pointing the same direction, the ideal (and most profitable) setups will have M15, M30, and H1 all crossing out of the 80/20 zone at about the same time. Usually M15 will lead, M30 will cross within the next 15-30 minutes, and H1 should be crossing at the same time, or just about to cross. If M15 and M30 pull quickly away from H1, so that M15 and M30 have already gone overbought by the time that H1 is just getting out of oversold, then that is a sign of a very weak move.
  • #1,188
  • Aug 21, 2007 3:47pm Aug 21, 2007 3:47pm
testing..1..2...3
  • #1,189
  • Aug 21, 2007 5:23pm Aug 21, 2007 5:23pm
Jeff & TommyC

Very helpful. Thanks a lot.

Bill
  • #1,190
  • Edited 5:59pm Aug 21, 2007 5:45pm | Edited 5:59pm
Quoting KudzuFX
for a wise saying to insert how about this?

"I have not ever felt that I should offer advice when I can't show the results to back it up."


.
Hi KudzuFx
Thankyou for taking the time to post, it is unfortunate that you choose to run down a fellow trader just for offering a little advice. I have stalked this Forum for a long time learning from yourself and others, it has been a long ride over very rough ground and I am not certain I have arrived at my destination yet. I have very rarely posted as searching and thinking usually provide the answer, GMMAs have provided my answers.
Does FF require all those who post here to show their account details at the top of the post as some sort of proof of their level of expertise nowadays?
I am sorry if I have taken your post the wrong way, I am here to learn and it is has been only thanks to all who post on this forum that I am becoming a better trader no matter what results those people can show in the past present and future.
I still think FF is the best Forex Forum on the Net.
Thanks to you all.

BTW If its my signature you take exception to, I have used it for years and put it there because I just for the life of me could not think of anything Wise or Clever or Witty, just shows I am not a real deep thinker rather than having a shot at anyone for actually having a Wise, Clever or Witty Signature line.
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #1,191
  • Aug 22, 2007 7:29am Aug 22, 2007 7:29am
Quoting mach.25
Hi KudzuFx
Thankyou for taking the time to post, it is unfortunate that you choose to run down a fellow trader just for offering a little advice. I have stalked this Forum for a long time learning from yourself and others, it has been a long ride over very rough ground and I am not certain I have arrived at my destination yet. I have very rarely posted as searching and thinking usually provide the answer, GMMAs have provided my answers.
Does FF require all those who post here to show their account details at the top of the post as some sort of proof of their level of expertise nowadays?
I am sorry if I have taken your post the wrong way, I am here to learn and it is has been only thanks to all who post on this forum that I am becoming a better trader no matter what results those people can show in the past present and future.
I still think FF is the best Forex Forum on the Net.
Thanks to you all.

BTW If its my signature you take exception to, I have used it for years and put it there because I just for the life of me could not think of anything Wise or Clever or Witty, just shows I am not a real deep thinker rather than having a shot at anyone for actually having a Wise, Clever or Witty Signature line.

my apologies to you. I was not clear, perhaps brief, but not clear.
I was not criticizing you or your non-signature. I was actually complimenting you on your wisdom which is that it is wise to not talk about what one is not sure about. I admire and aspire to that self-controlled approach.

so, no worries mate. I was just offering some validation from a fellow trader who is also still learning.

many pips to you.

.
  • #1,192
  • Aug 22, 2007 12:24pm Aug 22, 2007 12:24pm
Hi Spuds and all,
Thank you all for a very informative thread. I have been working my way through it for several weeks and have been able to improve my trading results because of it. I don't know if anyone still uses the Big Stochastic, created by Skyline, but I have found it very helpful. I have modified the original version and offer it in the hope others will find it useful. The mods are: displays four definable time frames, has input for sto period, has alert when two adjoining time frames of the three higher are both > 61.8 and rising or below 38.2 and falling, and has added colors - Blue for > 68.2 & rising - Red for < 38.2 and falling - Gold for > 80 or < 20 and Black for all other conditions. I look forward to the continuing education this thread is providing.

Enjoy and Happy Pipping to all.
Attached Image (click to enlarge)
Click to Enlarge Name: Big Stochastic Combo.jpg Size: 31 KB
Attached File(s)
File Type: mq4 Big Stochastic v1.1 Combo.mq4   11 KB | 892 downloads
If you don't make the right trade - - make the trade right.
  • #1,193
  • Aug 22, 2007 3:51pm Aug 22, 2007 3:51pm
Hi Tommy_C,
Just by accident I found your post. Very interesting regarding possible high probability setups. Would you mind telling me where I can find the 5 and 14 stochastic indicators that you mention? Are there any other indicators that you use with the stochastics? When I have time I'll read this thread.
Many thanks
jbone
Quoting Tommy_C
Personally, I have both the 5 and the 14 on my charts for three different timeframes: 15, 30, and H1. The relationship between the 5 and the 14 can be a tricky one but an easy way to think of it is that the 5 is the short term trend and the 14 is the longer trend. When the 5 pulls away from the 14, it *usually* means that it price is just making a temporary pull away from the longer trend, and will *usually* snap back to the longer trend. When the two move together, it is a very powerful signal. In fact, I usually look for that as my ideal setup: the 5 & 14 either above 80 or below 20 and turning together. That's just about the safest entry possible.

You should study the chart I attached. I have highlighted some of the patterns that I look for. I use the 14 as my indicator of the trend, and I use the 5 to either confirm that we are moving in the direction of the trend (when they are both moving together), or are in a countertrend pullback (when the 5 pulls quickly away from the 14).

In the end, the interpretation is more art than science and it takes a lot of practice. Like Spud says -- spend hours watching the charts (without trading) to get a feel for how the stochastics move together.
  • #1,194
  • Aug 22, 2007 9:57pm Aug 22, 2007 9:57pm
Quoting jbone
Hi Tommy_C,
Just by accident I found your post. Very interesting regarding possible high probability setups. Would you mind telling me where I can find the 5 and 14 stochastic indicators that you mention? Are there any other indicators that you use with the stochastics? When I have time I'll read this thread.
Many thanks
jbone

Are you using Metatrader 4?

If so Spud's explanation of how to set things up is here
http://www.forexfactory.com/showthread.php?t=37176

Also, you will learn much by going to the MTF Stochastic forum. There are severals threads on the topic of Stochastics. Reading the MTF Stochastics thread from the beginning is recommended.

You will also notice the links at the bottom of each thread as helpful.
  • #1,195
  • Aug 23, 2007 4:44pm Aug 23, 2007 4:44pm
Where is the Spudster? He has been on holiday now for 5 weeks. It is time to come back to work, Spud!!

T4K
  • #1,196
  • Aug 23, 2007 5:52pm Aug 23, 2007 5:52pm
Hi KudzuFX,
Thanks very much. Yes I am using MT4. I will check out the thread/ info that you posted.
Quoting KudzuFX
Are you using Metatrader 4?

If so Spud's explanation of how to set things up is here
http://www.forexfactory.com/showthread.php?t=37176

Also, you will learn much by going to the MTF Stochastic forum. There are severals threads on the topic of Stochastics. Reading the MTF Stochastics thread from the beginning is recommended.

You will also notice the links at the bottom of each thread as helpful.
  • #1,197
  • Aug 23, 2007 6:05pm Aug 23, 2007 6:05pm
Hi,
Does anyone know where I can find two indicators like the one I've posted below? I need to find a 5-3-3 of the 30 min, and a 5-3-3 of the 15 min.
Here is a 5-3-3 of the 60 min as an example.
http://www.forexfactory.com/attachme...0&d=1185546587
Many thanks
jbone
  • #1,198
  • Aug 23, 2007 6:06pm Aug 23, 2007 6:06pm
Was just going to take a trade on EU/JY, but Oanda's spread is currently 7-pips. Strange, since US/JY is only 1.8. Anyone know why?

Yikes!!
Jeff Singer, K2KV
  • #1,199
  • Aug 24, 2007 9:16am Aug 24, 2007 9:16am
I have an idea that I need a price forecasting indicator based of stochs. This idea is from calculation of stochastic. The rule of stochs is the cycle from Cross 20 to cross 80 vice versa. It seems the price follow the stochs because it is a leading indicator, especially GBPJPY.
So I want reverse the equation of stochs so if the current stochs 5,3,3 cross 20 the price is 234,50, could we make an indicator that predict what price if stochs 5,3,3 cross 50, 80, 90? If possible it means we can know this price is the maximal price in oversold or overbought to takie profit or exit trade before the price back. I want use this indicator with MTF stochs 5,3,3 and 14,3,3 TF 15M,30M, 1H, 4H because these are the great indicator for GBPJPY momentum movement.

The indicator we need will show like this..

TF 15M
Stochs 5,3,3 current level 27,8 price : 234.50
cross level 23,6 price 234.20
if cross level 76,4 forcasting price 235.10
Stochs 14,3,3 current level 20,8 price : 234.50
cross level 23,6 forcasting price 234.80
cross level 76,4 forcasting price 235.80

TF 30M etc...
TF 1H etc..
TF 4H etc...

This indicator always change because the calculation of stochs will change but in one cycle we have the target price to exit if we use the TF 15 to enter the trade, so do with 30M and 1 H. The basic rule is MTF Stochastic by Spudfire. I hope somebody can find the indicator because I have always the best entry with the rule but crash with the exit, loss floating profit I have before
  • #1,200
  • Aug 25, 2007 7:37am Aug 25, 2007 7:37am
Hi all, I was just wondering if it is necessary for an Elasticity trade that the 4 hour or daily stoch be in the overbought or oversold area? I guess those will provide the safest trades right? I guess I am trying to overtrade. Any ideas about this? Thank you in advance...Joe
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