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The Art of Trading with MTF Stochastics

  • #301
  • Nov 15, 2007 8:24am Nov 15, 2007 8:24am
Hello,

Well my first trade did not end up well, partly because I had to leave the house which forced me to place an exit price. When I came home my exit was triggered ..for good reasons.... but finally my initial setup or should I say, a better setup based on my initial premature entry was there and I went long again. This time I doubled my $$$ amount and was able to recoup my money except for $1.76 + $.92 commission. I am not recommending my strategy to anyone except those with strong hearts . Anyway, I prefer to share the questionable trades because it brings the kind of transparency and perspectives that helps me and hopefully others. Like Popeye said " I am what I am"....the challenge is to find a workable method that complements the way that I am wired as well as improve my "wiring system"....I just need to make sure that I don't blow a fuse.

Good luck to all
Unus pro omnibus, omnes pro uno
  • #302
  • Nov 15, 2007 8:29am Nov 15, 2007 8:29am
Quoting marcin25
Hi Moneda
I tried thid method of scalping and this work but You wrote you use 14 3 3 setings for stochastic and I think Spud sugessted to use for scalping 5 3 3,I am just curious what you think about it......probably both settings works.
Thank you.


Marcin,

Sorry, I forgot to answer your question .....I don't necessarily consider what I do scalping although I am targeting between 5-20+ pips (after spread/commission) this is partly why I don't use the 5 3 3 ( a bit faster). At this point I don't want to change my settings....I am trying to keep it simple.
Unus pro omnibus, omnes pro uno
  • #303
  • Nov 15, 2007 9:00am Nov 15, 2007 9:00am
I was thinking of your trade and I like the fact that although this trade was qestionable you post the chart so everybody could see it and I am so happy that you almost break even at the end.
As you saw my 2 trades today I manage to take +14.4 but only because I quit with litille pips and didnt wait too long,that is why I only aim for 10 pips a day.After I quit the price reversed and I thougt it should go down even more.I hope one day we can trade with more cfonfidence.
thank you
  • #304
  • Nov 15, 2007 9:19am Nov 15, 2007 9:19am
Hey boxing,

Thanks so much for stopping by to correct my settings and offer sage advice.

I'm honored -- I feel like I've been to a master class with Segovia.

Please come back often, very much appreciated...

Quoting boxingislife
k2

change the price field in the stochastic settings from high/low to close/close

it shows a stochastic that is more in tune with where bars are closing

aside from good slopes on 20 and 50 stochs, look for slingshot trades and that is when the 20 and 50 are almost "decked" above 80 or below 20 and the 5 cross in their direction.
Jeff Singer, K2KV
  • #305
  • Nov 15, 2007 10:50am Nov 15, 2007 10:50am
Quoting marcin25
I was thinking of your trade and I like the fact that although this trade was qestionable you post the chart so everybody could see it and I am so happy that you almost break even at the end.
As you saw my 2 trades today I manage to take +14.4 but only because I quit with litille pips and didnt wait too long,that is why I only aim for 10 pips a day.After I quit the price reversed and I thougt it should go down even more.I hope one day we can trade with more cfonfidence.
thank you
Marcin,

We are more or less targeting a small amount that we can confindently trade consistently. I aim for 20+ pips per day and so far I am doing very well. The key is not worrying about what happens after we exit... it doesn't matter either way. I have a spreadsheet where I keep my weekly results..to keep me honest and on track. As I increase my account, I will decrease my risk and increase my mini lots. Anyway, I really appreciate your feedback. This thread is turning into a "one for all and all for one".

It is not over yet ...I am halfway in meeting my daily goal.


Jeff,

You are turning into a sexy trader!
Unus pro omnibus, omnes pro uno
  • #306
  • Nov 15, 2007 12:02pm Nov 15, 2007 12:02pm
Hi Moneda,

I can't really claim much expertise regarding the "trader" part!

Actually, I am really enjoying the sexy trade setup. There seem to be more revealing setups and opportunities available, than there are with all of Spud's methods. That said, I watch for strong setups of both disciplines. I've spent lots of time becoming familiar with spud's methods and wouldn't let one knowingly pass just because I also embrace another. Of course, both systems utilize MTF Stochastics.

So perhaps I am a sexy polytradist?

Here's an example of perfect sexy trade I took this afternoon, after the London close. If you are familiar with the system, it is incredibly easy to spot a good setup. Note that in this chart I've implemented the close/close stoch settings suggested earlier today (see post #300) by boxingislife (the author of the system).

An easy 30+ pips, more if you stayed.

By the way, the second nearly identical setup would have also yielded nice profit, but the third apparent setup was not good (even though it would have given you a handsome profit), since the 20 had crossed back up over it's signal and -- as I understand it -- this would be considered a "no-trade." But, now that I've said that, the 20 stoch was still below the 20% level, so this might not have been an issue. Anyone care to comment on this?

Enjoy!

Quoting moneda
Marcin,

We are more or less targeting a small amount that we can confindently trade consistently. I aim for 20+ pips per day and so far I am doing very well. The key is not worrying about what happens after we exit... it doesn't matter either way. I have a spreadsheet where I keep my weekly results..to keep me honest and on track. As I increase my account, I will decrease my risk and increase my mini lots. Anyway, I really appreciate your feedback. This thread is turning into a "one for all and all for one".

It is not over yet ...I am halfway in meeting my daily goal.


Jeff,

You are turning into a sexy trader!
Attached Image
Jeff Singer, K2KV
  • #307
  • Nov 15, 2007 1:31pm Nov 15, 2007 1:31pm
Before going to sleep wish you guys good entries.
Thank you Moneda for your company today,apreciate your opinion.
Feff I am not familliar with sexy setups but you make me to become curious about it so I am going to investigate it soon,but now I cant comment your trades regarding this method.
Thank you
  • #308
  • Nov 15, 2007 1:50pm Nov 15, 2007 1:50pm
Moneda
I always safe pictures with my entries and exits and analyse it after the trade so I can learn from that and select the best and worst setups.
I think that treating trading as a bussines (to some point) and having daily targets (as your 20pips,mine 10 pips)is very good thing because it keeps you disciplined.
  • #309
  • Nov 15, 2007 2:28pm Nov 15, 2007 2:28pm
Quoting k2kv
Hi Moneda,

I can't really claim much expertise regarding the "trader" part!

Actually, I am really enjoying the sexy trade setup. There seem to be more revealing setups and opportunities available, than there are with all of Spud's methods. That said, I watch for strong setups of both disciplines. I've spent lots of time becoming familiar with spud's methods and wouldn't let one knowingly pass just because I also embrace another. Of course, both systems utilize MTF Stochastics.

So perhaps I am a sexy polytradist?

Here's an example of perfect sexy trade I took this afternoon, after the London close. If you are familiar with the system, it is incredibly easy to spot a good setup. Note that in this chart I've implemented the close/close stoch settings suggested earlier today (see post #300) by boxingislife (the author of the system).

An easy 30+ pips, more if you stayed.

By the way, the second nearly identical setup would have also yielded nice profit, but the third apparent setup was not good (even though it would have given you a handsome profit), since the 20 had crossed back up over it's signal and -- as I understand it -- this would be considered a "no-trade." But, now that I've said that, the 20 stoch was still below the 20% level, so this might not have been an issue. Anyone care to comment on this?

Enjoy!
Jeff,

Polytradist...hmm...are you moving to Utah? . You have certainly aroused my curiosity with the Sexy MTF Stoch by Boxingislife. Do you find it to be a simpler approach than Spud's Escalator/Elasticity method? I am interested so keep posting your entries and I will try to get a feel for it. In my case, the increasing familiarity with the aud/jpy and sticking to Spud's method (with a few twist) has been an wonderful antidote to some of my inconsistencies. I can focus more on what is happening between my ears than before.

I think I will take a break for the rest of the night, watch the program Survivor through my TIVO (the only way to watch tv) and get ready for tomorrow.
Unus pro omnibus, omnes pro uno
  • #310
  • Edited 5:20pm Nov 15, 2007 3:13pm | Edited 5:20pm
Moneda,

Today, I believe, I had an epiphany...

I was seduced into the gbpjpy pair by one of our regular contributors with whom I chat most mornings. I never trade this pair due to the volatility and large spreads, but I nevertheless took a quick trade, made a very fast 20 pips and was hooked.

I had entered onh the M5 with sexy stochs and - blam - I was in the money. I would have made twice that, but -- and this is true -- could not change my TP target fast enough. Before I was able to click, my default target was hit and I was out, in the money!

Now, boxingislife himself visited us today and suggested a new setting for the stochs (see post 300). I applied it and continued to look at my chart.

Here's why I like this so much. See my M5 chart below? Every red arrow was a signal to go short. Had I entered, each and every trade would have yielded a minimum of +25 pips; two moved more than +100 each! If I were more familiar with this pair, I would have traded every signal, would have easily ended up with, in conservative hit-and-run trading, maybe +100 pips for just a few hours of afternoon trading.

I love Spud's rubber band (and continue to trade it), but trading on pullbacks in long trends is a great way to spend the day. And the sexy method identifies those pullbacks really well. It couldn't be simpler. As long as your 20 & 50 are clearly in a trend, the pullback of the 5's and subsequent cross back toward the trend is your signal to enter.

Enjoy your respite. Live to trade another day. Take a look...


Quoting moneda
Jeff,

Polytradist...hmm...are you moving to Utah? . You have certainly aroused my curiosity with the Sexy MTF Stoch by Boxingislife. Do you find it to be a simpler approach than Spud's Escalator/Elasticity method? I am interested so keep posting your entries and I will try to get a feel for it. In my case, the increasing familiarity with the aud/jpy and sticking to Spud's method (with a few twist) has been an wonderful antidote to some of my inconsistencies. I can focus more on what is happening between my ears than before.

I think I will take a break for the rest of the night, watch the program Survivor through my TIVO (the only way to watch tv) and get ready for tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: 71115trade2_gbpusd.png Size: 24 KB
Jeff Singer, K2KV
  • #311
  • Nov 15, 2007 5:39pm Nov 15, 2007 5:39pm
Jeff - I just looked at your chart above showing the shorts in the G/J. I then looked at my charts and the same moves started on the long side on the 5 min time frame shortly there after. The G/J is a nice pair to trade if you can stand the spread. I do remember it was Spud's favorite pair and rightfully so.

Thanks,

T4K
  • #312
  • Nov 15, 2007 5:59pm Nov 15, 2007 5:59pm
Quoting banzai
http://i43.photobucket.com/albums/e3...d10172007b.gif

This is how I trade. Use H4 Stoch to find the trend. If the trend is uphill, I go LONG only. It's one-way trading. Vice versa for a downtrend. Now the problem is the StochBars indi doesn't refresh. So I have to use two H4 Stoch windows.

Edit:
So how do you set up your way to find a trend?
Hi guys

Where can I get the indicators for the bottom two stoch indicator H4stochbar and the one above that? thanks a lot
  • #313
  • Nov 15, 2007 6:57pm Nov 15, 2007 6:57pm
This is just too perfect an example to not review.

Look at the M15...H4 is quite oversold and the M15 is rising and is very near the 80. So i open 3 windows...M15, M5 and M1 and it looks great.

On the M1, M1, M5 and M15 stochs all above 80 and turning down. When you have 3 time frames and they all turn down together in an orderly fashion, this is where you seem to get the best trades with the least amount of heat.

Here the entry would have been around 226.05. this trade would be up 140 pips as I'm writing this and everthing still say it could go further. S1 is around 223.90 and that would definitely be a profit target, with taking a bunch off by now.

I did not take this trade...was out at a meeting and got home and it was done. But it was such a nice setup that I would have taken, I had to post it.

K2 - 2 questions - the close/close settings for sexy stocks..is that just for the 5,3,3 or for all 3 stocks, and what the heck is a "sexy polytradist"?

Cheers,
CanuckCT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj m15.gif Size: 17 KB
Click to Enlarge Name: gj m5.gif Size: 17 KB
Click to Enlarge Name: gj m1.gif Size: 14 KB
  • #314
  • Nov 15, 2007 7:24pm Nov 15, 2007 7:24pm
Hi Tim,

Yes, it seems that lots of experienced traders trade this pair. I'm going to explore and see if it will work for me.

Thanks!

Quoting tim4kaye
Jeff - I just looked at your chart above showing the shorts in the G/J. I then looked at my charts and the same moves started on the long side on the 5 min time frame shortly there after. The G/J is a nice pair to trade if you can stand the spread. I do remember it was Spud's favorite pair and rightfully so.

Thanks,

T4K
Jeff Singer, K2KV
  • #315
  • Nov 15, 2007 7:26pm Nov 15, 2007 7:26pm
Hey funguy,

You might try sending Banzai a PM. Just click on his name in that post and you should have no probelm getting to him.

Good luck...

Quoting xxfunguyxx
Hi guys

Where can I get the indicators for the bottom two stoch indicator H4stochbar and the one above that? thanks a lot
Jeff Singer, K2KV
  • #316
  • Nov 15, 2007 7:31pm Nov 15, 2007 7:31pm
Canuck,

Definitely a perfect setup. Very nice, and thanks for sharing it with us!

Regarding the close/close setting, I understood him to mean ALL the stochs.

"Polytradist" - I made this up. It's a take-off on the word, polygamist. I used it to indicate that I was now embracing two trade methods.

It was Moneda who called me "sexy! Blame him!!

Quoting CanuckCT
This is just too perfect an example to not review.

Look at the M15...H4 is quite oversold and the M15 is rising and is very near the 80. So i open 3 windows...M15, M5 and M1 and it looks great.

On the M1, M1, M5 and M15 stochs all above 80 and turning down. When you have 3 time frames and they all turn down together in an orderly fashion, this is where you seem to get the best trades with the least amount of heat.

Here the entry would have been around 226.05. this trade would be up 140 pips as I'm writing this and everthing still say it could go further. S1 is around 223.90 and that would definitely be a profit target, with taking a bunch off by now.

I did not take this trade...was out at a meeting and got home and it was done. But it was such a nice setup that I would have taken, I had to post it.

K2 - 2 questions - the close/close settings for sexy stocks..is that just for the 5,3,3 or for all 3 stocks, and what the heck is a "sexy polytradist"?

Cheers,
CanuckCT
Jeff Singer, K2KV
  • #317
  • Nov 16, 2007 3:21am Nov 16, 2007 3:21am
Is there someone here that con do a little programming...I'm looking for a MTF stochastic alert. It would work like this...

Sell Alert
StochTF1 - 15
AboveBelow - Above
Level - 20
StochTF2 - 30
AboveBelow - Above
Level - 20
StochTF3 - 60
AboveBelow - Above
Level - 20
StochTF4 - 240
AboveBelow - Below
Level - 80

Buy Alert
StochTF1 - 15
AboveBelow - Below
Level - 20
StochTF2 - 30
AboveBelow - Below
Level - 20
StochTF3 - 60
AboveBelow - Below
Level - 20
StochTF4 - 240
AboveBelow - Above
Level - 80


In the sell alert, if the H4 stays below 80 and the other 3 timeframe stoch are above 20 I want to see a popup alert or an e-mail.

The buy alert is just the opposite.

In addition to the popup or e-mail alert, it would be nice to have the option to put an arrow on the chart.

If you didn't want to use all 4 timeframes, then you would put a zero in the timeframe and it would be ignored.

I'm attaching the MTF Stochastic indicator that I use. I'm thinking the first step would be to have the 4 time frames calculate within a single indictor. Once you have that, then the array of data can be used for the alert.

Maybe this is not the thread to do this...but I'm thinking it is.

Cheers,
CanuckCT
Attached File(s)
File Type: mq4 #MTF Stochastic.mq4   3 KB | 778 downloads
  • #318
  • Nov 16, 2007 3:30am Nov 16, 2007 3:30am
Jeff,

You had an ePIPhany..... You are getting too clever with words! Yes, the pound/yen, I think they call it the geppy is like going from go-carts(eur/usd or gbp/eur) to a Ferrari. I have trade it for months and is a rush..... it reminds me of Dr.Jekyl and Mr. Hyde . In my case I have tone down my volatility to the aud/jpy where even if I enter prematurely or make a dumb mistake, it gives me the opportunity to come to my senses before I am down 100 pips+. Yet at the same time, it can turn around into Dr.Jekyl and give you the right medicine. If you have tight stops and are able to stick to your ideal sexy setup you probably have a better chance. I wish you well...
I have a question....with the sexy, are you using the original entry rules by Boxingislife or the later adaptations by Mephe....? I am going to study it in more detail over the weekend...always willing to learn and adapt.
Unus pro omnibus, omnes pro uno
  • #319
  • Nov 16, 2007 3:40am Nov 16, 2007 3:40am
.


.I'm looking for a MTF stochastic alert. It would work like this...


Me 2 Canuck! ... It would make my life easier.

By the way your example was a beautiful set-up indeed. One thing I try to remember that the MTF stochs are continually changing until the candle closes so what one sees later on is not necessarily what you see during live action...

Keep those examples coming! Thank you
Unus pro omnibus, omnes pro uno
  • #320
  • Nov 16, 2007 3:48am Nov 16, 2007 3:48am
Good point on the stoch changing until the candle closes...I always wait until the cnadle closes on the 15 before identifying the setup is valid...then I look at the lower TF for pulling the trigger...at least that's what I'm trying to do.

Cheers,
CanuckCT

Quoting moneda
.


.I'm looking for a MTF stochastic alert. It would work like this...


Me 2 Canuck! ... It would make my life easier.

By the way your example was a beautiful set-up indeed. One thing I try to remember that the MTF stochs are continually changing until the candle closes so what one sees later on is not necessarily what you see during live action...

Keep those examples coming! Thank you
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