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MTF Stochastics

  • #1,201
  • Aug 25, 2007 3:50pm Aug 25, 2007 3:50pm
In my efforts to see the "forest for the trees" using the Weekly Stochastic on the daily chart, I am showing where my thinking is this week-end.

The last trade was successful shorting the cable on 7/25 @ 2.0518 and closing the trade on 8/23 @1.9958 for a total of 560 pips.

I have since reversed positions and have scaled in 2 buys on successive days, 8/23 and 8/24.

Thanks Spud for starting this thread... Using a MTF Stochastic on a longer time period than the current chart has made all of the difference.
Attached Image (click to enlarge)
Click to Enlarge Name: snake 8 25 07.jpg Size: 126 KB
Attached File(s)
File Type: mq4 #MTF_Stochastic.mq4   4 KB | 1,301 downloads
File Type: mq4 SnakeForce.mq4   6 KB | 1,110 downloads
File Type: mq4 BH-Ergodic.mq4   6 KB | 1,222 downloads
  • #1,202
  • Aug 25, 2007 7:44pm Aug 25, 2007 7:44pm
Quoting khusha7765
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
The only software that I've ever heard of doing this sort of thing is Ensign Software:

http://www.ensignsoftware.com/tips/tradingtips63.htm

http://www.ensignsupport.com/email/1689.mhtml
  • #1,203
  • Aug 26, 2007 7:41am Aug 26, 2007 7:41am
Quoting Poocher
The only software that I've ever heard of doing this sort of thing is Ensign Software:

http://www.ensignsoftware.com/tips/tradingtips63.htm

http://www.ensignsupport.com/email/1689.mhtml
WOW..!! :surprised You have found the great idea in trading. we could forcast the price target from fibonacci retracement in MTF stochs system. Now we know it is possible to find the price where they cross over sold/overbought. Anybody have capability to make the indicator like this software that we can use in MT4? I think we need Einstein here...

You give me great information, Poocher, Thank you very much...
  • #1,204
  • Aug 26, 2007 12:07pm Aug 26, 2007 12:07pm
Quoting Spudfyre
The GBPJPY is in a bad position for any trade entry. If we were stuck in a -'ve short position then I'd ride it out depending how -'ve that position is. The problem with this set up is that although the 1H and 4H are falling, the 15/30 are likely to climb and we can expect the worst that they will climb to 76.4 before any continued fall....that's the stochastic position.

The speculation is that the 4H will fall to 23.6 and that we if we are stuck in a short trade we can ride out the short term move of the 15/30M/1H if they climb.

It would be fairly safe to assume (statistically) that the 4H will cross the 50 and that if price does reverse and the 4H crosses back up across the 50 we should jump in that long to recover any losses from a bad short caught in a reversal. However, we'd expect that our short entry will be in a + pips position if the 4H comes down across 50 and then we'd be looking at the stochastic positions again.
I read a lot of this topic and reading this post afterward is incredible.

Look at the attached file, the white chart is Spud's speculation, the black chart is what happened... Seems like Spud got a crystal ball ^^
Attached File(s)
File Type: zip speculation reality.zip   62 KB | 1,279 downloads
  • #1,205
  • Aug 26, 2007 7:48pm Aug 26, 2007 7:48pm
Quoting melpheos
I read a lot of this topic and reading this post afterward is incredible.

Look at the attached file, the white chart is Spud's speculation, the black chart is what happened... Seems like Spud got a crystal ball ^^
Not only Crystall Ball, ...
But with MTF Pricefinder indicator Spuds' system will be The Future Vision,
this is great, man...
But the indicator need somebody help to make it....
  • #1,206
  • Aug 27, 2007 1:03pm Aug 27, 2007 1:03pm
Quoting khusha7765
Not only Crystall Ball, ...
But with MTF Pricefinder indicator Spuds' system will be The Future Vision,
this is great, man...
But the indicator need somebody help to make it....
What's needed?
  • #1,207
  • Aug 27, 2007 8:28pm Aug 27, 2007 8:28pm
Quoting nondisclosure00
What's needed?
We need to calculate price where K% will cross the certain level of stochastic ( eg. 76.4 , 0r 23.6 or 85 ) later. If Possible, we need the MTF indicator. And also we need to calculate price where the stochs thread will converge. For the basic idea look at this

http://www.ensignsupport.com/email/1689.mhtml

The price is the minimal target price where to taking profit, or where we prepare to enter the trade....

I wish we can make the pricefinder stochastic like this..
Could you make our dream become true, please..
Attached Image
  • #1,208
  • Aug 28, 2007 12:19pm Aug 28, 2007 12:19pm
Quoting fishhunter
I trade with Interbank and have not seen anything greater than an 8 pip spread on this pair. I have not traded this pair on news, however, and other Interbank spreads open widely on news announcements. I am sure that the same happens with GBPJPY.
MIG in Switzerland has a 7 pip spread on this pair. I've been with them for 6 months (changed from a U.S. broker w/high spreads) and I'm very happy with them!
  • #1,209
  • Aug 28, 2007 1:08pm Aug 28, 2007 1:08pm
How do you install these eas? I drop them on the chart, but nothing happens.

Thanks in advance.
  • #1,210
  • Aug 29, 2007 2:14pm Aug 29, 2007 2:14pm
Quoting khusha7765
WOW..!! :surprised You have found the great idea in trading. we could forcast the price target from fibonacci retracement in MTF stochs system. Now we know it is possible to find the price where they cross over sold/overbought. Anybody have capability to make the indicator like this software that we can use in MT4? I think we need Einstein here...

You give me great information, Poocher, Thank you very much...
You're welcome.
Hopefully Nondisclosure can make some headway.
Nondisclosure if you want I can get you all the info on the Ensign site that refers to the Pricefinder indicator. I don't subscribe to the software but know how to find stuff on their site.
  • #1,211
  • Edited 2:00pm Aug 31, 2007 1:47pm | Edited 2:00pm
Spud,
It took me 2 1/2 days to read through all the pages of posts. It was worth it. Started with some simple trades on Monday evening and worked my first 5 trades for about 10 pips each. Had a couple of bumps along the way Wed. evening when I tried to force a couple of trades and forgot to be patient, but I took my first "escalator ride" last night for over 100 pips. Love the simplicity of the system and working it with my charting and own indicators. Can't wait for you to start training us again.

Pip-AV8OR
  • #1,212
  • Aug 31, 2007 11:17pm Aug 31, 2007 11:17pm
Quoting melpheos
I read a lot of this topic and reading this post afterward is incredible.

Look at the attached file, the white chart is Spud's speculation, the black chart is what happened... Seems like Spud got a crystal ball ^^


Is Spud ok? Anybody heard from him?
  • #1,213
  • Sep 1, 2007 12:23am Sep 1, 2007 12:23am
Man, I'll tell you KudzuFx, I really miss his tutelage. I've never been so secure in my trading. I'm sure he has some more magic to reveal. Hope he returns soon. More importantly, I hope that he's enjoying his vacation and is fine.
  • #1,214
  • Edited 3:19pm Sep 2, 2007 12:32pm | Edited 3:19pm
First of all I must give much credit and appreciation to Spuds for his wonderful work and devotion to this thread. It's made me a successful trader indeed.

It is NOT my desire to change anything Spud's creates, and I am only throwing out for anyone interested a change I made for creating exit points that has worked very well indeed for me. I primarily started using this instead of the Fibonacci levels Spud uses on his break-out systems, and have since incorporated it into all of Spud's strategies and like I said, it works well for me indeed by keeping a couple of hundred extra pips in my pocket every week.

I have always had trouble with Fib retracements, and just have never found them accurate enough to place my pips on the table chasing them. Hey - that's just me. I cut my teeth in on trading with Pivot Points and that's what I am comfortable with in deciding what level my trade may go to and what level to exit (before I get chastised too much I MOST DEFINITELY use Spud's 80/20 rule also.)

I watch the pivot point levels, and so frequently you will see price hit a R/S level and retrace. Once it hits a S/R level and starts to retrace either with that candle or the next I then exit the trade. If it once again returns in my favor I re-enter the trade.

This has saved me boucoup pips in my account that I haven't given back because I'm out of a bounce early.

And please - no comments that PP ARE nothing more than FIB lines. I've been in this forex market way too long! If this works for you a little better visually, then great - I'm glad I could contribute something to this wonderful thread. If it doesn't - that's OK too. We're all individuals and one man's meat is another man's whatever.

When the stochs are above 76.4 I closely monitor where price is in relation to the nearest resistance line; if below 23.6 I watch the next lower support line. When price hits a S/R line this 'usually' is sufficient advanced warning that saves me some pips in exiting the trade.

If you want to check this out just add a pivot point calculator to your arsenal and put the pivot points on your charts. PP Calculators are all over the place and they're free.

Here's just one place you can get one for your charts
http://www.tradejuice.com/pp.html
  • #1,215
  • Sep 3, 2007 7:24am Sep 3, 2007 7:24am
Flamenco, I agree totally ,I have been using both pivots and fibs with mtf stochs for a while now.However calculating and placing pivots manually on charts seems like a lot of work to me. there are a lot of mt indicators that will do this for you. May I ask why you don`t use one.
  • #1,216
  • Sep 3, 2007 10:43am Sep 3, 2007 10:43am
Quoting randomlight
Flamenco, I agree totally ,I have been using both pivots and fibs with mtf stochs for a while now.However calculating and placing pivots manually on charts seems like a lot of work to me. there are a lot of mt indicators that will do this for you. May I ask why you don`t use one.
I do have one yes. Was ready to give it to anyone who asked. The one I have though is a hassle to dowload, and giving general instructions would have been too confusing perhaps.
  • #1,217
  • Sep 3, 2007 3:28pm Sep 3, 2007 3:28pm
Flamenco

Here are the pivot point indicators for daily, weekly, monthly for MT4.
Attached File(s)
File Type: ex4 Pivots_Daily_Medium_SR.ex4   8 KB | 640 downloads
File Type: mq4 Pivots_Daily_Medium_SR.mq4   16 KB | 658 downloads
File Type: ex4 Pivots_Daily_SR.ex4   9 KB | 669 downloads
File Type: mq4 Pivots_Daily_SR.mq4   16 KB | 676 downloads
File Type: ex4 Pivots_Monthly_Medium.ex4   6 KB | 585 downloads
File Type: mq4 Pivots_Monthly_Medium.mq4   6 KB | 630 downloads
File Type: ex4 Pivots_Monthly_SR.ex4   7 KB | 573 downloads
  • #1,218
  • Sep 3, 2007 3:29pm Sep 3, 2007 3:29pm
PP Indicators
Attached File(s)
File Type: mq4 Pivots_Monthly_SR.mq4   7 KB | 623 downloads
File Type: mq4 Pivots_Weekly_Medium.mq4   6 KB | 613 downloads
File Type: ex4 Pivots_Weekly_Medium_.ex4   6 KB | 571 downloads
File Type: ex4 Pivots_Weekly_SR.ex4   7 KB | 601 downloads
  • #1,219
  • Sep 3, 2007 3:30pm Sep 3, 2007 3:30pm
YOu need to use the Medium and SR together for daily, weekly and monthly
  • #1,220
  • Sep 3, 2007 9:27pm Sep 3, 2007 9:27pm
Quoting hemnina
YOu need to use the Medium and SR together for daily, weekly and monthly
Hi Hemnina
Thanx for that info! Am putting those into my "Forex Eternal Journal"!
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