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bringin sexy back - stochastics

  • #1,401
  • Edited 1:19pm Oct 17, 2007 12:34pm | Edited 1:19pm
Anyone caught this one ? 45 locked ATM...

Sorry about hiding a small part of the indicator i use on this chart but this is some information i got from Boxingislife and i dont know if he wants to release them in the wild ^^

edit : out @ +60
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  • #1,402
  • Oct 17, 2007 4:07pm Oct 17, 2007 4:07pm
Another trade... This one is still based on the stoch but i will not encourage you to take this type of trade untill you have some experience and are able to read the chart very easily

Got stopped out @ my SL +75 pips while editing the chart
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  • #1,403
  • Oct 18, 2007 4:00am Oct 18, 2007 4:00am
Quoting endroute
I have been using the MTF stochastics approach for quite a while and have been having great success with, I am curious if anyone has used both. I think with this approach you get more false indications vs. the MTF approach. I have only visually back tested this so I could be way off. What is everyones experience like? Happy Piping.
Hi endrout
I spent alot of time with spud and tebs mtf stochastic threads. I actually find this technique much simpler and clearer cause its all on one chart. I use other general tech analysis techniques such as trendlines and pivot points to filter trades and determine entries and exits. This signal avoids the confusion that can occur using mtf when different time frames conflict. I love it!
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  • #1,404
  • Oct 18, 2007 5:39am Oct 18, 2007 5:39am
Ive taken this trade at 6.00am NY time(8pm my time).The trade is supported by the rejection of the lows after the central pivot is tested after the uptrend retraces. A hammer forms above the central pivot. This is the sort of strong technical support for the signal that I require to take a position.The trade is a few pips against me now but I have strong case for the trade so I dont have to second guess it. Its a good trade,l win or lose
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  • #1,405
  • Oct 19, 2007 3:06am Oct 19, 2007 3:06am
Target reached! Its a bit scary calling a trade but I decided its the only way that people viewing this thread can verify that winning trades are being made. There are lots of claims being made in this forum but very little evidence to back those claims up. As trading statements can be doctored I figure this is the only way that results can not be disputed
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  • #1,406
  • Oct 19, 2007 4:47am Oct 19, 2007 4:47am
Quoting M.A.C.Doug
Target reached! Its a bit scary calling a trade but I decided its the only way that people viewing this thread can verify that winning trades are being made. There are lots of claims being made in this forum but very little evidence to back those claims up. As trading statements can be doctored I figure this is the only way that results can not be disputed
I personnaly would not have taken this trade because the south movement seemed pretty strong but you took it and got some pips

I'm not trading the last day and today but i can see there was quite a good 100 pips opportunity on GY yesterday around 21:00 GMT+1
  • #1,407
  • Oct 19, 2007 11:29am Oct 19, 2007 11:29am
Thanks to mladen for creating this wonderful indicator.
Thanks to Banzai for posting.

I was wondering if anyone could make this indicator dynamic because it does not refresh on it's own. I have not yet tried to use stochastics 20,50,100 in all TF only the 5,3,3 as you see in the picture. Hope this helps those who have yet to come across it.

Regards,
mrjtdude
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Attached File(s)
File Type: mq4 Color Stochastic v1.02.mq4   12 KB | 757 downloads
  • #1,408
  • Oct 19, 2007 2:24pm Oct 19, 2007 2:24pm
I think this is the origin of boxingislife idea for sexy stochastics but thats a guess. Maybe worth a look.
http://www.trading-naked.com/Jimmer0...entry_chat.htm

This is Buffys' site with the slingshot stochastics.
http://www.trading-naked.com/Buffy.htm

The picture below is the colored bars stochastics. The values are:
TF 1H
5,3,3 - Colored Stochastic Bars
20,10,20 - Colored Stochastic Bars
50,10,20 - Colored Stochastic Bars

TF 15M
5,3,3 - Live Stochastic
20,10,20 - Colored Stochastic Bars
50,10,20 - Colored Stochastic Bars

Hope this is helpful.

Regards,
mrjtdude
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  • #1,409
  • Oct 20, 2007 12:58am Oct 20, 2007 12:58am
Quoting melpheos
Another trade... This one is still based on the stoch but i will not encourage you to take this type of trade untill you have some experience and are able to read the chart very easily

Got stopped out @ my SL +75 pips while editing the chart
Melpeos, I notice there are no %d lines in your stochs. How are u determining wether %k has crossed %d or are you just using slope of %k lines or a cross of the 20 and 50 to determine direction?
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  • #1,410
  • Edited 8:26am Oct 20, 2007 3:26am | Edited 8:26am
Quoting M.A.C.Doug
Melpeos, I notice there are no %d lines in your stochs. How are u determining wether %k has crossed %d or are you just using slope of %k lines or a cross of the 20 and 50 to determine direction?
In fact there is no k% line

What you can see is the %d line using smooth and period 2.

As i use really fast %k period (4) i had to filter the whipsaw those using the %d line smoothed.

Put the following settings 4-2-2 and look when a cross occurs.
You will see that each time a cross occurs (around 95% of the time) it occurs on the next candle where the stoch makes a reversal. As normally you look for a cross of k and d and take the trade, using only reversal of the stoch allow me to take the trade usually one candle before the cross.

I'll probably make a new edition of my guide to explain this.

In fact i'm working now on something new i have just discovered this morning. This have to do with stochs but is fairly different from Boxingislife system.

edit : woops wrong reading, but yes i use mainly the slope, completed with the price action, it's more than enough to determine the trend.

edit2 : apparently, boxing is also using only one line yet he still uses %k and not %d...

@ mrjtdude :
thanks for pointing up those page, i'll have some reading. Funny enough, on the 1st link, i came to the exact same conclusion regarding the bollinger band ^^ , les grands esprits se rencontrent.
  • #1,411
  • Oct 20, 2007 4:22am Oct 20, 2007 4:22am
trade i took
was lookin around at charts with no intention of trading whatsoever(was busy with somethin) and i see this setup with the pinbar. went big on it and made some nice money. was a great setup.
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  • #1,412
  • Oct 20, 2007 8:24am Oct 20, 2007 8:24am
Quoting boxingislife
trade i took
was lookin around at charts with no intention of trading whatsoever(was busy with somethin) and i see this setup with the pinbar. went big on it and made some nice money. was a great setup.
I should look on longer time frame, i miss some great opportunities... I just dont like the losses you can have when there is a reversal on a good setup (especially on yen pair where things goes fast )
  • #1,413
  • Oct 20, 2007 6:45pm Oct 20, 2007 6:45pm
Quoting melpheos
I should look on longer time frame, i miss some great opportunities... I just dont like the losses you can have when there is a reversal on a good setup (especially on yen pair where things goes fast )
I think this is the first time I have posted in this thread. I must thank boxingislife, melphos and others for this thread. I have learnt much and taken a lot more into my trading strategy from the concepts here.

While the returns on the longer timeframes can be much bigger than the lower tf, so can the drawdowns, and losses. I would think that trading on the shorter tf, like you do, melphos, would return the similar number of pips as trading on the longer tf. Maybe, go in with lower lots on the longer tf, since the pips gain would be larger, but you can keep your losses at the same amt as if you were trading on the shorter tf.

It would be interesting to see where boxingislife placed his sl for this trade, though it was an excellent trade since it hardly went against him at all. My guess would be the top of the pin bar, because if price penetrated that level, the pin bar becomes invalid. Looking forward to his response.

Regards,
K.
  • #1,414
  • Oct 21, 2007 12:46am Oct 21, 2007 12:46am
In my humble opinion I think money management is the crucial element in lasting in this business. This is a good link that will give you a idea of if your current money management is worth it's weight.

http://www.hquotes.com/tradehard/simulator.html

The one thing Iam about to do is try to fine tune my system which runs 1H and 4H so that my stop loss is extreamly tight to increase my risk reward ratio. In my book that is the key to make ton of money.

Regards,
mrjtdude
  • #1,415
  • Oct 21, 2007 4:49pm Oct 21, 2007 4:49pm
Anyone aware if someone has come up with an indicator that measures the current slope of a stochastics? I can see how huge of a benefit that would be. I can program a little in higher level languages but not lower ended C and C++. All help would be GREATLY appreciated.

mrjtdude
  • #1,416
  • Oct 22, 2007 1:11am Oct 22, 2007 1:11am
my bearish sentiment on equities has been intensifying all last week and I came very close to shorting the index on thu but backed down. Then, when I was looking at something else I missed the crash on fri. look how early you could have caught the move with this method, if you were watching, that is - lol
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  • #1,417
  • Edited 4:51am Oct 22, 2007 3:19am | Edited 4:51am
This is an indicator i'm working on for a long time now. Still need to do some fine tuning when i have time and work on the alert management.

It could eventually turn to a profitable EA if i can manage to show every possible cases (it still misses some perfect setup)

And no, sorry i wont share it (i have gave ealier version to 2 persons i trust but not yet this one because it's still in developpement)

It is based solely on stochastics (mainly on sexystochs plus an added reversal option i need to improve). Anyone with a good knowledge of the sexystoch and some basic of MT4 programming can make it but i have spent too much time on it to release it for nothing...

As you can see, it is rarely wrong.
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  • #1,418
  • Oct 22, 2007 4:54am Oct 22, 2007 4:54am
Update on the last screen shot (it does not repaint by the way)

As you can see the latest downtrend was shown on M5 (it was shown also on other TF ) and the small rebound was also shown
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  • #1,419
  • Oct 22, 2007 8:11am Oct 22, 2007 8:11am
Its only monday and I am up 200pips already after my biggest win so far using this system! Check this move out on the EUR/YEN.Look how early this system caught the move - I cant believe more people aren't using this technique!
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  • #1,420
  • Oct 22, 2007 9:38am Oct 22, 2007 9:38am
Update on what the stoch indicator see.

Following the signal trictly and using a 50 pip SL would have round only one losing trade limited to a few pips loss for more than 300 pips gains.
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