The Art of Trading with MTF Stochastics

I made 9 pips on G/U now,it looks like it have space to go down much further

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Yes Fearless,you got me right,I use 50 as a filter.
I attch chart again,if the 30 wouldnt left oversold area and there wasnt be resistance there I would trade it.I like trade such setups(for 5-15 pips) but having 4H in oversold would be safer .

I went long G/U exited +9.1,still opportunity to go,but I am out

I just made some review of my trades and took some very simple but I think important notes,conclusions:

-dont predict what stochs will do,wait wait wait until they show you which direction the price will move
-choose only the best setups,there is enough good oppotunities
-trade with overall trend,dont trade against 4H
-the safest setups are when stochs just crossed 20/80
-be cautious or dont trade when 4H,1H is somewhere around 50 line and curling and dont want to show any direction
-when trading only 1H/30M/15M agreement trades wait until 1H close below/above 80/20
- dont trade against daily stoch. when trading only 1H/30M/15M agrement trades
-dont trade when price is just against strong resistance( it could sound funny but I did make such simple mistakes ,because all my attention was only on stochs)
-dont tarde when price is choppy and there is small movement of price
-dont trade friday after 15 pm,
-dont enter before going to sleep,before going out
-when you reach your daily goal of 10 pips it is better to not to trade any more or picking up only perfect etups
-protect what you won
-risk only 2% of your account per trade
-be cautious on long wicks
-you dont look for reason to trade ,you look for reason not to trade

It could sound funny because what I wrote is such obvious but keeping that in mind and following this simple rules helped me to start earning money on forex.

Interesting thoughts, Marcin25, thanks for sharing.

My dear friend Moneda,

Sorry, but according to Spud, an escalator to pips trade has all four stochs ob/s together. To quote the great one, "Long trades are entered when all 4 time frame stochastics are moving upwards and the solid lines are all above or at 20."

Elasticity does indeed refer to the action of one stoch "snapping back" to another.

I know it can be confusing, since I often have to refer to my stack of printouts to figure out what kind of trade opportunities are in front of me!

Have a great week...

there is long opportunity on G/u,but news in 1/2 hour are coming,i am hesitating..

I just exited +7.8pips

very quick pips,at the moment of entry 1M and 5M stochs were pointing up nicely and still got space to 80 line

long opprtunity on G/U.a litille risky because against R1 but I take it

I just exited with +3.5,the price is in one place and dont want to move at this time,that is why I exited

Dear Jeff,

You are absolutely correct..... I should be more careful with my labels. What I was really referring to is one of the 4 Basic Trades per Spud which can be found here:

http://www.forexfactory.com/showthre...03#post1466003

In this particular case the trade was a Long Climbing to the 4hr.

My apologies to Fearless.

Hi, and thanks to all who have made this such a great thread! Question... was there a ,"Climbing away," trade today on E/J beginning at 11:00 am NYC time? Just want to see if I get it right. Pippo

Hello Pippo,

I believe you got it right! Depending on wether you use 20 or 23.6 your entry time may vary a bit. If one had waited until the 30 reache the overbought you could have picked up as much as 40+ pips.....nice eh? Where was I? Darn!

Hi moneda, Thanks for your reply and for posting above link. On my chart 15 min turned over at 1:00 pm. A nice trade. Spud left quite a gift to all. Hope he is doing well. Any news of him lately? Pippo

why the E/U is such volatile at this time ,I cant see any news comming,anybody knows?

I believe it's from "GCC Summit, Day 2". I popped open my Oanda FX News and it has a few flash's with BOF's Noyer comments about inflation and 'no sign of capital shortages at french banks'.

Hi to all, elasticity trade E/J EST 03:15 Sell 161.61. Anyone see this? Pippo

Re: E/J 03:15 elactic trade. Nearly 30 pips in about an hour, until 15 min. reached oversold.