The Art of Trading with MTF Stochastics | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MTF Stochastics 1,485 replies

MTF Stochastics Trading 1,051 replies

MTF Stochastics into MTF Stoch Histogram 8 replies

Trading MTF STochastics Manual 13 replies

MTF Stochastics Trade Journal 12 replies

Attachments: The Art of Trading with MTF Stochastics
Exit Attachments

The Art of Trading with MTF Stochastics

  • #221
  • Nov 8, 2007 11:33am Nov 8, 2007 11:33am
Still in the trade. Have a few pips locked away. Can't really go with a tight stop because of the volatility in this pair. Have been +50 or so a couple of times, but still waiting for the break of 237.00 I will exit when I can take my 100 as it looks to continue down toward 236.00 and below. I have tried to post a screen shot in word format and as a bmp, but I guess the file is too big. I'll get that figured out.
  • #222
  • Nov 8, 2007 11:38am Nov 8, 2007 11:38am
PipAV8tor,

Save the file as a gif file - it will be smaller and you can then attach it and it will display properly.

I presume u are using Metatrader? You can right click on the chart, select "Save as picture"...save as a GIF and then you should have it.

Cheers,

CanuckCT


Quoting PipAV8tor
Still in the trade. Have a few pips locked away. Can't really go with a tight stop because of the volatility in this pair. Have been +50 or so a couple of times, but still waiting for the break of 237.00 I will exit when I can take my 100 as it looks to continue down toward 236.00 and below. I have tried to post a screen shot in word format and as a bmp, but I guess the file is too big. I'll get that figured out.
  • #223
  • Edited 12:49pm Nov 8, 2007 11:50am | Edited 12:49pm
Quoting CanuckCT
PipAV8tor,

Save the file as a gif file - it will be smaller and you can then attach it and it will display properly.

I presume u are using Metatrader? You can right click on the chart, select "Save as picture"...save as a GIF and then you should have it.

Cheers,

CanuckCT
I'll give that a try. Can't seem to do anything right now. Won't even let me try to attach anything and I can't even do a smiley. I guess i made it mad earlier. :-) I may need a reset or something. Oh well....
  • #224
  • Nov 8, 2007 1:03pm Nov 8, 2007 1:03pm
I was wondering how many pairs everyone follows. I believe I'm going to follow 3 - GBPUSD, GBPJPY and USDCAD. I'm attaching a copy of my workspace. Two M15 charts for each - one with MTF stochastics and the other with Bringing Sexy Back stochastics. Was wonder how other folks manage their workspace and how many pairs they watch.
Cheers,
CanuckCT
Attached Image (click to enlarge)
Click to Enlarge Name: Workspace.JPG Size: 327 KB
  • #225
  • Nov 8, 2007 1:34pm Nov 8, 2007 1:34pm
Hey Tommy,

I've tried pivots before but they never seemed to do anything for me. I now realize I had them set up wrong. Your pivot indicator is right on...when the price approaches the pivots using your indicators, they actually seem to be doing something instead of just a random movement. Thanks for the tip.

Cheers,
CanuckCT

Quoting Tommy_C
Not a problem Canuck. I'll be happy to. In fact, I'll post the pivot point indicators I use. Pivot points are a wonderful way to see potential support and resistance areas each day. They work so well because so many people use them to set their orders. Consequently, they become a self-fulfilling prophecy. But that's a good thing.
  • #226
  • Nov 8, 2007 4:31pm Nov 8, 2007 4:31pm
Quoting CanuckCT
Hey Tommy,

I've tried pivots before but they never seemed to do anything for me. I now realize I had them set up wrong. Your pivot indicator is right on...when the price approaches the pivots using your indicators, they actually seem to be doing something instead of just a random movement. Thanks for the tip.

Cheers,
CanuckCT
No problem at all. I wish I could take credit for it, but I can't. I found those indicators on another site and, whoever created them, seems to have gotten it right. I'm glad they are working for you.
  • #227
  • Nov 8, 2007 7:37pm Nov 8, 2007 7:37pm
Hey guys,

Looks like you're having quite a party! I love to see good trades in action, especially when we're all helping each other toward success. I was out most of the day, looking forward to trading again next week. I'm pretty tired, will post again tomorrow.

So, I just sat down and found this perfect sexy stochs setup, just thought I'd share it. I'm beginning to believe that if you get a perfect sexy setup you are almost guaranteed a good trade. Seems to be very powerful!

Once all three stochs (20-50-100) have crossed their signals up, wait for the 5 to reverse and cross it's sig up, too, and that is your entry. Signal here was perfectly timed, price still climbing as I post this. An easy 30-pip gain for those who were paying attention. Tiny spread on this pair makes it even better!

Enjoy...
Attached Image
Jeff Singer, K2KV
  • #228
  • Nov 9, 2007 6:23am Nov 9, 2007 6:23am
Hey, K2KV, thank you for starting this great thread. I'm posting this chart of the daily double top. I suppose everyone has noticed this?
Attached Image
Gone to a better place
  • #229
  • Nov 9, 2007 7:09am Nov 9, 2007 7:09am
Quoting Tommy_C
moneda,

I think that the issue is it is not enough to just post the template. You need to also post the specific indicators that the template uses. For example: if your template uses an indicator that he doesn't have, then it obviously wouldn't show up whenever he loads the template.

Tommy,

Thanks for the tip. Pluto, this time I will attach the indicators that you may not have in your platform. By the way, I have been very busy this week with just enough time to harvest my weekly average of 20 pips/day. I have a lot of reading to catch up with. This thread thanks to Jeff and everyone else is turning into a great place to learn about Spud's method and variations of it.

Attached File(s)
File Type: mq4 #MTF Stochastic.mq4   3 KB | 581 downloads
File Type: ex4 Average Daily Range.ex4   6 KB | 547 downloads
File Type: mq4 Average Daily Range.mq4   5 KB | 533 downloads
File Type: ex4 SDX-TzPivots.ex4   19 KB | 632 downloads
File Type: mq4 SDX-TzPivots.mq4   23 KB | 594 downloads
Unus pro omnibus, omnes pro uno
  • #230
  • Nov 9, 2007 9:00am Nov 9, 2007 9:00am
Hello smikester,

Do you have a stochastic indicator to go along with this since this thread is about stochastics. And no I'm not trying to give you a hard time...just trying to focus on stochastics.

On the M15 using MTF stochastics, you'd have sold this around the pivot of 237.65 and would be smilin big time. See below.

BTW, you still have a great trade in the works there.

Cheers,
CanuckCT

Quoting smikester
Hey, K2KV, thank you for starting this great thread. I'm posting this chart of the daily double top. I suppose everyone has noticed this?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy - m15.gif Size: 17 KB
  • #231
  • Edited 1:32pm Nov 9, 2007 10:53am | Edited 1:32pm
I was in that trade yesterday, but when it made a big re-trace, I took my profit and got out. Left about 400 pips on the table. No way to tell that though, could have gone up 400 pips and lost my profit. Not a bad week though, I am +93 pips. I'll take that any week. My goal is to not give it all back next week. Hope you all had good trading as well and that you make the most of your weekend. My kids have soccer and birthday parties to attend and, as is the tradition, we have Friday Night Football here in Texas. I mention all this to remind everyone of what our real goals should be, trade to make a living, that gives us the time to enjoy are families and friends. Money comes and goes, time and the way you use it, is what is really important.
I am done for the day, but I am already looking forward to my next trade on Monday.
Have a cold one for me and I'll have one for you.
  • #232
  • Nov 9, 2007 10:58am Nov 9, 2007 10:58am
hi Gem, good technique, but.....
I want to know if you use the MTF Stoch. for both trend indications, i.e for a long and short indicator. If yes, then i want to know your data values for your fast and slow stoch.

Asper myself, i think stoch. is a trend friendly tool and not used for no trend, either i use mu RSI.

I want to hear your opinion.
Thanks..
Sc.david
  • #233
  • Nov 9, 2007 12:56pm Nov 9, 2007 12:56pm
Hi Smikester,

Thanks for joining our discussion and for posting your chart.

But I must agree with Canuck -- we're trying to focus on stochastics here. So if you'd like to share your trades with us, we'd want to know -- in addition to any other indicators you might use -- how you utilized stochastics to enter/exit your trade (even if the trade went bad).

Hope to see you here often...

Quoting smikester
Hey, K2KV, thank you for starting this great thread. I'm posting this chart of the daily double top. I suppose everyone has noticed this?
Jeff Singer, K2KV
  • #234
  • Nov 9, 2007 1:13pm Nov 9, 2007 1:13pm
Hi Guys,

Took a nice trade this morning, based again on sexy stochs. Both 20 and 50 had crossed their signals down, there was wide separation and I entered at the cross of the 5's. My four MTF stochs were all oversold, the 15 pointed down (I keep these on another chart).

Went short at 2.0964, exited soon after at 2.0934 with a +30 pip profit. Still playing the chicken, I exited 3 of my 5 lots at +17, took my final TP at +30. Should have stayed longer for a ride down to an additional 30 pips or so, but I'm not complaining.

SL was placed just above S1 at 2.0994, and I had plenty of room before hitting any levels on the way down.

A good confidence builder and a great way for me to end the week!
Attached Image
Jeff Singer, K2KV
  • #235
  • Nov 10, 2007 8:54am Nov 10, 2007 8:54am
Hello Moneda,

thanks, I have it all on my chart now. I have a question for you; you are not using the default parameters on the Bollinger; is there any special reason?

I am following this thread, and I think that all of you guys are contributing with great posts.

Thanks to all of you,

Cheers
  • #236
  • Nov 10, 2007 10:33am Nov 10, 2007 10:33am
Quoting k2kv
Hi Guys,

Took a nice trade this morning, based again on sexy stochs. Both 20 and 50 had crossed their signals down, there was wide separation and I entered at the cross of the 5's. My four MTF stochs were all oversold, the 15 pointed down (I keep these on another chart).

Went short at 2.0964, exited soon after at 2.0934 with a +30 pip profit. Still playing the chicken, I exited 3 of my 5 lots at +17, took my final TP at +30. Should have stayed longer for a ride down to an additional 30 pips or so, but I'm not complaining.

SL was placed just above S1 at 2.0994, and I had plenty of room before hitting any levels on the way down.

A good confidence builder and a great way for me to end the week!


Great trading Jeff. I too have started looking at the "Sexy Stochs" thread. My question: I have noticed in your last several posts that you have shown pictures of your charts and they range from the 5 min to the 30 min. Do you look on the higher time frames first (such as the 30 min) and work your way down to the 5 min. or do you just scan each time frame looking for a setup?

Thanks,

T4K
  • #237
  • Nov 10, 2007 8:50pm Nov 10, 2007 8:50pm
Quoting Pluto2
Hello Moneda,

thanks, I have it all on my chart now. I have a question for you; you are not using the default parameters on the Bollinger; is there any special reason?

I am following this thread, and I think that all of you guys are contributing with great posts.

Thanks to all of you,

Cheers
Pluto,

Glad to see that your templates are finally working. Go ahead and use the default parameters . I basically use the BB and the 21sma(median on the Bollinger) along with the 84 sma for trend confirmation and direction.
Unus pro omnibus, omnes pro uno
  • #238
  • Nov 11, 2007 7:45pm Nov 11, 2007 7:45pm
Hi Tim,

I watch multiple time frames at the same time, on individual charts (5-15-30-1h-4h). Seems to give me a better perspective, and is easier than flipping back and forth all day long.

Take care...


Quoting tim4kaye
Great trading Jeff. I too have started looking at the "Sexy Stochs" thread. My question: I have noticed in your last several posts that you have shown pictures of your charts and they range from the 5 min to the 30 min. Do you look on the higher time frames first (such as the 30 min) and work your way down to the 5 min. or do you just scan each time frame looking for a setup?

Thanks,

T4K
Jeff Singer, K2KV
  • #239
  • Nov 11, 2007 8:53pm Nov 11, 2007 8:53pm
Quoting CanuckCT
Hello smikester,

Do you have a stochastic indicator to go along with this since this thread is about stochastics. And no I'm not trying to give you a hard time...just trying to focus on stochastics.

On the M15 using MTF stochastics, you'd have sold this around the pivot of 237.65 and would be smilin big time. See below.

BTW, you still have a great trade in the works there.

Cheers,
CanuckCT

CanuckCT

I have been following this thread and I have read through most of SpudFyre's thread. But somewhere in all of this I have missed the indicator that shows all of the Stoch's. Could you post it, or send me in the right direction to Download it? All the ones that I have downloaded and compliled seem to be the wrong one.

Thanks a Million,

ken
  • #240
  • Nov 11, 2007 9:04pm Nov 11, 2007 9:04pm
Hello Ken,

I presume you mean the indicator that adds the 4 different TF stochastics to one chart. There are a few versions of this indicator. Here is the one I use.

I'll also attach one of my templates. If you have any problems with this...let me know.

Cheers,

CanuckCT

Quoting teaguekm
CanuckCT

I have been following this thread and I have read through most of SpudFyre's thread. But somewhere in all of this I have missed the indicator that shows all of the Stoch's. Could you post it, or send me in the right direction to Download it? All the ones that I have downloaded and compliled seem to be the wrong one.

Thanks a Million,

ken
Attached File(s)
File Type: mq4 #MTF Stochastic.mq4   3 KB | 504 downloads
File Type: tpl #m15_2-windows+4-stochs.tpl   4 KB | 505 downloads
0 traders viewing now