The Art of Trading with MTF Stochastics

Hi Pippo
I dont trade EJ but if you are interested I attach example of elasticity trade which I traded a couple of minutes before on A/J,it probably looks similar to your trade.
that is nice example of 15/30 crossing50 up to join 4/1H nice below 20 line
I exited with +7pips.

Sorry,in this exaple 15M crosse 50 line down and the 30M is below 50 line pointing down as well

Hi marcin, Watchful waiting now.... all TFs oversold on E/J. From this condition two potentials: climbing away with H1,M30,M15 together,and elastic with M15 first leaving and then returning to oversold. Does this sound correct? Pippo

Hi Guys
I have for you small lesson.Although I knew it is not good to enter to early I did today and lost 25 pips,so look at these charts and see how important is to not to enter to early.
1.First chart is when I opened my trade,you can see that 1H/30/15were crossing 80 line together,it looks so nicely ,so attempting to enter so i did it,but the bars were not close yet,and that was big mistake.

2.the position of stochastic change very quickly and 1h stoch.closed above 80 line,so I wouldnt enter if I only waited to the bar close and this would save me from loosing 25pips,I exited at this point.

3.you see ,now all stoch are below 80line and the 1H bar is closed,
that is the very right time of entry,look how good it looks,you can feel it is perfect entry,
I enetred again at this moment and this trade cover my lost so I break even at the end.

So the lesson is: dont enter to early,better to wait until the bars closed and than decide wheter to enter or not.

Hi Pippo
As I said I dont trade this pair but what you said sound correct and could happen but there is plenty of possibilities of movement of stochasticcs,but waiting for this situation you mationed is really worthy to wait...sorry for my eanglish

That was an horrendous trade. I did the same as you. Even the H4 stochastic was pointing down and all the rsi's looked right to me. I was so annoyed when it reversed. I had set a stop loss of 30 pips (which I consider to be quite high for this pair and this kind of trade) and by the time I came back from breakfast it had closed.

When I re-entered a little later - it was still looking like a good trade - I waited about 30 minutes with nothing much happening. Closed the trade for a loss of about 8 pips. Went to do something else and it moved down another 15 pips.

Timing completely wrong! Thank you for your post.

look at the E/U,long opportunity

i take it .look very promising

I just exited with +10 pips,nice,hope you traded with me

O yes,that is impressive move on E?U,cant belice

Now the price has reached the resistance,it is traendline from 4 H chart,it was kind of breakout move ,the price was ranging since 30 of November.
The stochastics definitely detect this move,it is impresive for me,

next long oppotunity G/U long

E/J elastic may be developing. M15 moving nicely.

Pippo and others,

Yes, the e/j may gives us that snap back that we all love! I would like to see it go into o/b and then head straight down. I will also wait for a candle close at 7:00am est to see what the other timeframes are doing

Good luck

can anyone attach MTF stoch indicator in the chart

E/J...M60,M30, and M15(overbought)currently trending up. M240 is currently crossed up, but still oversold. I will take trade at 07:30 if M15 crosses down.

Adikabas,

Go to the top of the thread page.... righ hand coner you will find an attachment icon ....looks like a paper clip.... click open....there you will find it.

Pippo,

The stochs are spread out ... there is a higher probability when they come out of os/ob together..... it can still work but I am just watching

In changing from one charting technique to another(Heiken Ashi/Standard) I see a,"climbing away," trade had developed at 06:00 EST on E/J. Missed it! Will now continue with standard technique.

Moneda
You have right,when 4H is oversold and the other 3 stoch are overbought ,classic diving to trade-short,you cant enter when just 15M cross 80 line,they all suppos to cross 80.
I did that mistake today and lost 25 pips because I didnt wait until 1H closed below 80 line and I post the chart on forum so everybody can learn.
We should learn from each other.
Pippo wait for 3 stoch to cross 80,that is the right way.