The Art of Trading with MTF Stochastics | Page 21 | 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

  • #401
  • Nov 26, 2007 4:26pm Nov 26, 2007 4:26pm
Well,

I'm going to pass. Just too dead right now, no action at all.


Quoting k2kv
Hi Canuck,

Looks like you'll have another shot at it in a few minutes.

Setting up nicely if you're sexy M15, still nice if you're a spud.

Price is now retracing a bit after tha long run down. Watch it fall again as it bounces back from the 21ema.

I may even take it myself, despite the time of day!

GL...
Jeff Singer, K2KV
  • #402
  • Nov 27, 2007 7:23am Nov 27, 2007 7:23am
Here is a trade I just made...used a little different indicator. Less noise. Price was making a move below the pivot and all 4 stochs pointing down. Because m15 and m30 were already oversold...my target was prior consolidation area about 30 pips away rather than S1 which is off the chart. Closed for 29 pips.
Cheers
CanuckCT
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy m15.gif Size: 14 KB
  • #403
  • Nov 27, 2007 7:46am Nov 27, 2007 7:46am
Hi Canuck

glad you made 29 pips,but for me it seems very dangerous to enter the trade when 15/30M are already in oversold area especialy when 4H is curling in area of 50 line.I dont like the position of 4H,as I made in the past some loosing trades with 4H stoch position llooking like that,but that is only my opinion,do you consider it as a safe trade?
all the best.
  • #404
  • Nov 27, 2007 7:54am Nov 27, 2007 7:54am
Marcin,
This was a risky trade...but aren't they all. My intention for this trade was to exit quickly if it didn't go my way. Total time in the trade was 20 minutes. Price action was moving down and I was a bit weary of H4 as well. But H4 is quite lagging. I've been paying a lot of attetion to this pair to learn how it moves. When I look back to spud stochs it does look risky there. But this indicator was not pointing up. It was pointing down. So this was likely based more on price action around the pivot with stochs influencing the trigger...I did reduce my position for this trade as I was not 100% committed. Now I'm done for the day.
Cheers,
CanuckCT

Quoting marcin25
Hi Canuck

glad you made 29 pips,but for me it seems very dangerous to enter the trade when 15/30M are already in oversold area especialy when 4H is curling in area of 50 line.I dont like the position of 4H,as I made in the past some loosing trades with 4H stoch position llooking like that,but that is only my opinion,do you consider it as a safe trade?
all the best.
  • #405
  • Nov 27, 2007 8:06am Nov 27, 2007 8:06am
that is what I thought,that your entry was more based on price action(below pivot) and your good grasp and experience with this pair.
I am + 7.5 pip for now but my trade was definitely a scalp trade so I dont post it .
  • #406
  • Nov 27, 2007 8:51am Nov 27, 2007 8:51am
Hello marcin

I'm thinking if we ignore price action, especially when price is around pivots and S&R lines, we will sometimes miss opportunities and enter bad trades that a strict interpretation of the various entry criteria dictate. And we'd be missing the boat regarding the "art" of trading MTF stochastics. Everyone has a little nuance to the basic rules that works for them, time frames, type of stoch, etc. and many of these are good for the person who uses them. I'm now experimenting with 8,3,3 for the stochastic settings for M15, M30, H1 and H4. It's a little quicker than 14,3,3 but not as fast as 5,3,3 and got me into a few good trades last night during the asian session. Just a thought.

Cheers,
CanuckCT

Going live before Jan 1, 2008

Quoting marcin25
that is what I thought,that your entry was more based on price action(below pivot) and your good grasp and experience with this pair.
I am + 7.5 pip for now but my trade was definitely a scalp trade so I dont post it .
  • #407
  • Nov 27, 2007 9:28am Nov 27, 2007 9:28am
Hi Canuck

I agree with you.
that is natural that everybody when entering the trade is trying to look for possible many factors(price action,S/R,Pivot,candle patterns) which all together are in agreement and that is the way to maximize safetynet of trade.
But for me the first think to look for is good setup of mtf stochastics,that is the first and most important think.If I spot one is coming I analize price movement:where it is in relation to pivots ,S/R,moving averages,how much space has the price to reach this price levels.I always trying to spot important candlebars which shows the feeling and emotion(long wicks,doji,morning stars,engufling,,etc).
When stoch setup is good and the price dont have obstacles on its way and there is a planty of space to the next important price level,and in addition there is some emotion bar,that is for me high probability trade.
We supposed to trade only such high probability trades but having all winner trades would be so bored
  • #408
  • Nov 28, 2007 4:09am Nov 28, 2007 4:09am
there is posibly entry long on G/U at the moment good for 10 pips
  • #409
  • Nov 28, 2007 5:21am Nov 28, 2007 5:21am
Marcin and Canuck,

I agree with both of your premises. We need the discipline to trade situations where all or most of our conditions are met and yet at the same time we need the discretion to improvise when the market compels us so. MTF Stoch has provided me with the framework from which I base my decisions but I am also making an effort to develop an awareness of the present moment .... price action. Wouldn't it be awesome if we could find within each of us what the Tin Man, the Lion and the Scarecrow were missing? .... Where is the Wizard?


Attached Image
Unus pro omnibus, omnes pro uno
  • #410
  • Nov 28, 2007 5:22am Nov 28, 2007 5:22am
I sometimes use stochs for enteries, it would be nice if we get a chatroom going, iv got one in mind pm me for details.
{Promotion Removed}
  • #411
  • Nov 28, 2007 7:51am Nov 28, 2007 7:51am
it could be nice short on E/U in 15 minutes
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 12 KB
  • #412
  • Nov 28, 2007 7:54am Nov 28, 2007 7:54am
sorry,that is the right chart for possibly entry which is forming now
  • #413
  • Nov 28, 2007 7:55am Nov 28, 2007 7:55am
..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 19 KB
  • #414
  • Nov 28, 2007 8:04am Nov 28, 2007 8:04am
it didnt formed a sell setup as 4h 1h and 30m crossed 20 up ,so now I would wait for 15 to go down and than join the other three on the way up,that is just my thought
greetings
  • #415
  • Nov 28, 2007 8:24am Nov 28, 2007 8:24am
Hi Canuck
What do you think about going long on EU,as according to Spud there is going to be strong move upwards when 4H 1H 30M cross the 20 at the same time
  • #416
  • Nov 28, 2007 1:36pm Nov 28, 2007 1:36pm
Guys,
Beautiful setup on this pair right now. 15m,30m,1hr, in agreement and 4hr is overbought and ready to turn. Good luck if you get in.
  • #417
  • Edited 2:19pm Nov 28, 2007 1:43pm | Edited 2:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: USD-JPY 11-28.jpg Size: 430 KB


Currently +13 pips w/ 5 locked in for profit. Looking to run down toward 109.65 if it breaks through at 110.00.

+23 now with 10 locked in.

One last update, price retraced and I got stopped out with my +10. I still think a move below 110.00 is going to happen, but may not be enough market volatility until the Asian session opens in about 4 hrs.
  • #418
  • Nov 28, 2007 1:54pm Nov 28, 2007 1:54pm
Hi PipAV8tor,

Thanks for sharing this setup with us.

In fact, there were an unusually high number of excellent setups today, on nearly all pairs. Lots of activity, too, so late in the session.

A great trading day -- unlike yesterday!

Thanks again!

Quoting PipAV8tor
Guys,
Beautiful setup on this pair right now. 15m,30m,1hr, in agreement and 4hr is overbought and ready to turn. Good luck if you get in.
Jeff Singer, K2KV
  • #419
  • Nov 29, 2007 10:32am Nov 29, 2007 10:32am
My trades from today
1.U/J +8.6
2.G/J +8.4
3.G/U +5.1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: enter.gif Size: 20 KB
Click to Enlarge Name: 1.gif Size: 22 KB
Click to Enlarge Name: 1 enter.gif Size: 17 KB
  • #420
  • Nov 29, 2007 10:44am Nov 29, 2007 10:44am
just made very quick trade for 11.8 pips on U/J
Attached Image (click to enlarge)
Click to Enlarge Name: +11.8.gif Size: 20 KB
2 traders viewing now