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bringin sexy back - stochastics

  • #1,361
  • Oct 5, 2007 12:11pm Oct 5, 2007 12:11pm
The key is patience

You are patient, you get paid

ps : i'm out since the screenshot has been taken +120. Sorry Dash i took your money :-p
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  • #1,362
  • Edited 3:01pm Oct 8, 2007 11:32am | Edited 3:01pm
Another successfull trade using perfect slingshot trade

As i was not in front of my PC during the whole trade, i had to rely on TS for this trade so my SL got hit @ +11 instead of at least twice this number locked ATM but hey that's life...

edit : potential +50 now, that's what happens when you do not or cannot (in this case) follow your strategy
edit 2 : potential +60... Allways stick to your strategy when you can
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  • #1,363
  • Oct 8, 2007 11:41am Oct 8, 2007 11:41am
Excellent Charting~ simple and effective. Thanks for sharing!!
  • #1,364
  • Edited 4:42pm Oct 8, 2007 3:15pm | Edited 4:42pm
Quoting ShadyChars
Excellent Charting~ simple and effective. Thanks for sharing!!
You are welcome

You may have noticed that i have removed several indicator from my charts. MA, SAR and some others (macd and MA on RSI )

Lighter chart means more focus on price and only price move are important not indicators

Edit : quick 30 pips before going to bed. Follow the rules...
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  • #1,365
  • Oct 9, 2007 5:07am Oct 9, 2007 5:07am
7 pips loss on this one... maybe it will bump back i dont know, it does not matter. A trade is a trade and you should not look back.
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  • #1,366
  • Oct 9, 2007 9:18am Oct 9, 2007 9:18am
Hiya,

Hope this thread is not dieing because this systems is amazing.

Took 100 pips + off GBP/JPY and the EUR/JPY today... I like that you can get in the trend again if you miss the start. I am sometimes doing other things :

I'm flat at the moment, just waiting and looking...
  • #1,367
  • Oct 9, 2007 10:10am Oct 9, 2007 10:10am
Quoting demontaz
Hiya,

Hope this thread is not dieing because this systems is amazing.

Took 100 pips + off GBP/JPY and the EUR/JPY today... I like that you can get in the trend again if you miss the start. I am sometimes doing other things :

I'm flat at the moment, just waiting and looking...
Yes, there was a very good entry shorting the yen pair today, let me guess where you entered (i would have entered if i'd been in front of my PC at that time - someone should push me to resign from my job ^^ )
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  • #1,368
  • Oct 9, 2007 10:24am Oct 9, 2007 10:24am
Yeah, that was the one : my 100 pips was with 2 trades, GBP/JPY being the 80'ish pip short from 237.91

My EUR/JPY was actually a small long for just over 20 pips

Anyways, these were my first trades with this method. Thinking of moving over to the 1 hour TF as then I dont have to always keep my eye on the charts. Do 15min TF when its possible.

Thanks
  • #1,369
  • Oct 9, 2007 1:27pm Oct 9, 2007 1:27pm
You might try adding the FXSniper CCI since it has an alert function. When you get a cross- pull up the chart and check the Stochs and other items like Pivots, trends etc...then make a decision to buy or sell or do nothing. The stoch seems to give a lot of false signals. How do you filter these out? Melpheos. It's always easy to see them after the fact!!
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  • #1,370
  • Oct 9, 2007 1:51pm Oct 9, 2007 1:51pm
Quoting ShadyChars
You might try adding the FXSniper CCI since it has an alert function. When you get a cross- pull up the chart and check the Stochs and other items like Pivots, trends etc...then make a decision to buy or sell or do nothing. The stoch seems to give a lot of false signals. How do you filter these out? Melpheos. It's always easy to see them after the fact!!
that's when experience of viewing the chart comes into play. Unfortunatly i have no way to explain this

Also, i have tried to add different indicator but all they add is confusion and unecessary confirmation...
  • #1,371
  • Oct 9, 2007 2:57pm Oct 9, 2007 2:57pm
I understand-It's ultimately about price action always and EXPERIENCE

Quoting melpheos
that's when experience of viewing the chart comes into play. Unfortunatly i have no way to explain this

Also, i have tried to add different indicator but all they add is confusion and unecessary confirmation...
  • #1,372
  • Oct 10, 2007 4:12am Oct 10, 2007 4:12am
Hi there,

2 new trades opened on the hourly charts. Both short, the AUD/USD is a bit aggressive but lets see where it goes. The EUR/GBP is a slow moving pain in the ... hope it actually moves :
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  • #1,373
  • Oct 10, 2007 5:28am Oct 10, 2007 5:28am
Yet another new trade on the hourly

Long on the USD/JPY
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  • #1,374
  • Oct 10, 2007 5:38am Oct 10, 2007 5:38am
Thanks for turning me on to this thread by posting on my journal. I was already using MTF stochastics but really like this indicator. I am only up to page 5 of the thread when I saw an opportunity I was waiting for, for a long on cable. I notice down this end of the thread that you guys have tricked it up quite a bit. I just used the stochs and a line break to trigger my entry and ta for stop and exit for 2/3 risk reward on this 30 pip trade closed out just below the R1 pivot. I have the long term and short term stochs in separate windows. Heres the trade
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  • #1,375
  • Oct 10, 2007 6:17am Oct 10, 2007 6:17am
Quoting demontaz
Hi there,

2 new trades opened on the hourly charts. Both short, the AUD/USD is a bit aggressive but lets see where it goes. The EUR/GBP is a slow moving pain in the ... hope it actually moves :
Dumped the Eur/Gbp as it didn't feel right for a -7 pip loss
  • #1,376
  • Oct 10, 2007 6:56am Oct 10, 2007 6:56am
No way would I have shorted the Aussie above the central pivot. Gutsy move that is paying you nicely. Just goes to prove the system wins in the face of fundamental hype
Quoting demontaz
Hi there,

2 new trades opened on the hourly charts. Both short, the AUD/USD is a bit aggressive but lets see where it goes. The EUR/GBP is a slow moving pain in the ... hope it actually moves :
BTC Return This Year: na
  • #1,377
  • Oct 10, 2007 9:31am Oct 10, 2007 9:31am
glad to see some new faces. u guys got questions pm me or ask melpheos or post em in the thread and ill answer. im always around but i dont post that often
  • #1,378
  • Oct 10, 2007 5:00pm Oct 10, 2007 5:00pm
Quoting boxingislife
glad to see some new faces. u guys got questions pm me or ask melpheos or post em in the thread and ill answer. im always around but i dont post that often
Hi BoxingIsLife,

I've read through this thread and a lot of Spudfyre's MTF Stochastics thread, but I haven't found a template I can download. I mean, I find the templates but for some reason I have problems with them. Melpheos, I followed the link in your signature, and unzipped the file but it opened as an Adobe file, and I didn't know what to do with it after that.

Could you post a single, unzipped template (that has .tpl on the end) that I could download to do the rubber band (elasticity) trade?

Thanks in advance,
Marcy
  • #1,379
  • Oct 11, 2007 7:37am Oct 11, 2007 7:37am
price fails to make a new high despite a convincing hammer earlier in the session. WE had two signals to short cable after its failure to break and hold above the central pivot. Not often the market gives you a second chance at the same levels. This trade had fundamental support after a shocker house price survey number. Entered at 2.0388 and closed out 3 pips above the S1 support for another 20 pips in my account today from the sexy stochastic indicator - and Im still only upto page 8 of the thread! Thankyou boxingislife
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  • #1,380
  • Oct 11, 2007 1:23pm Oct 11, 2007 1:23pm
[quote=demontaz;1635276]Hiya,

Hope this thread is not dieing because this systems is amazing.

Hi all,
New to this method, I read the thread rather rapidly but got a handle on it so I tried it out today, live, first trade got myself a nice 24 pips off GBP/USD using 15m chart. Got stopped out because my trailing stop was a little too close.
I'll be trying this out a little more as several people have said how good it is and dry runs seems to validate it. I just need to see which TF seems best for me. Any opinions?
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