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The Art of Trading with MTF Stochastics

  • #481
  • Dec 4, 2007 4:42am Dec 4, 2007 4:42am
moneda, Do you see the E/J trade at 06:00? Could have been beautiful climbing away followed by, perhaps now developing, elastic. What do you think? Pippo
Vincit qui se vincit.
  • #482
  • Dec 4, 2007 4:43am Dec 4, 2007 4:43am
Quoting marcin25
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.
Marcin,

I share both of your views.... the T/A and the purpose of this great thread.... to help eachother.

Unus pro omnibus, omnes pro uno
  • #483
  • Dec 4, 2007 4:47am Dec 4, 2007 4:47am
Quoting Pippopotamus
moneda, Do you see the E/J trade at 06:00? Could have been beautiful climbing away followed by, perhaps now developing, elastic. What do you think? Pippo

Pippo,

Yes...it is a beautiful sight... do not forget that what you see after the fact is not what one sees as the stoch is moving back and forth until the candle/bar closes.

Let us keep a watchful eye.

Unus pro omnibus, omnes pro uno
  • #484
  • Dec 4, 2007 4:58am Dec 4, 2007 4:58am
Will take the plunge at 07:00 candle close. I am trading very small until I am more confident!
Vincit qui se vincit.
  • #485
  • Dec 4, 2007 5:33am Dec 4, 2007 5:33am
look at A/J, it looks for me like nice short is coming mayby when 15M bar will close
  • #486
  • Dec 4, 2007 5:34am Dec 4, 2007 5:34am
..
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  • #487
  • Dec 4, 2007 6:12am Dec 4, 2007 6:12am
Quoting marcin25
look at A/J, it looks for me like nice short is coming mayby when 15M bar will close
Marcin,

Yes, I got 10pips out of that rubber band...could have gone for more but today I want to protect all my pips!
Unus pro omnibus, omnes pro uno
  • #488
  • Dec 4, 2007 6:13am Dec 4, 2007 6:13am
Thanks marcin, I took the AUD/JPY short. Unfortunately missed the Eur/USD as I had to go to the gym
Gone to a better place
  • #489
  • Dec 4, 2007 6:18am Dec 4, 2007 6:18am
Looks like a,"Diving to," trade may be developing. Any comments? Pippo
Vincit qui se vincit.
  • #490
  • Dec 4, 2007 6:28am Dec 4, 2007 6:28am
my elasticity trade onG/J for +8 pips
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  • #491
  • Dec 4, 2007 6:31am Dec 4, 2007 6:31am
Quoting Pippopotamus
Looks like a,"Diving to," trade may be developing. Any comments? Pippo

Pippo,

Patience grasshopper, you know that it is best to let the stoch show you the way... three of them heading down after the o/b cross....yeah!

Good luck
Unus pro omnibus, omnes pro uno
  • #492
  • Dec 4, 2007 6:33am Dec 4, 2007 6:33am
I am glad you took the green pips,I have chosen G/J
there were nice setup on most X/J pair.
  • #493
  • Dec 4, 2007 6:38am Dec 4, 2007 6:38am
Moneda
10 safe pips with no heat and in 2 minutes is great,you are so right-its better to have 10 pips in pocket and regret that it could be more than than regret that you lost 10 or more pips and now we have to protect every single pip we got and wait for next beautiful setup
  • #494
  • Dec 4, 2007 6:43am Dec 4, 2007 6:43am
Hello,


Keeping my eye on the e/jpy..... for a diving to trade.... the 4hr shows a downtrend but ranging since yesterday...
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Unus pro omnibus, omnes pro uno
  • #495
  • Dec 4, 2007 6:51am Dec 4, 2007 6:51am
Quoting moneda
Hello,


Keeping my eye on the e/jpy..... for a diving to trade.... the 4hr shows a downtrend but ranging since yesterday...
I think you are right to be cautious. I am not sure it's going to happen. H4 stochastics and RSI pointing sharply up. RSI's in other (lower) time frames too high. It will be interesting to see the stochs at the turn of the hour.
Gone to a better place
  • #496
  • Dec 4, 2007 6:55am Dec 4, 2007 6:55am
I dont like it Moneda,4H is leaving oversold area,1h nothing special.
there is no piont to trade against 4H,there will be more better opportunities
  • #497
  • Dec 4, 2007 6:58am Dec 4, 2007 6:58am
Marcin & Smikester,


I agree with your evaluation.. thanks for sharing it!


Unus pro omnibus, omnes pro uno
  • #498
  • Edited 7:28am Dec 4, 2007 7:11am | Edited 7:28am
Attached Image


One that's happening right now and looks good. But you will need a shave by the time you get your 20 pips.

Sitting near the weekly pivot and support lines. Hmm. Might settle for a couple of pips
Gone to a better place
  • #499
  • Edited 7:30am Dec 4, 2007 7:28am | Edited 7:30am
Hi Smikester, In the chart you posted the M15 stoch never made it to the 76.4% level before turning Is that really Ok with elastic trades? I will re-read Spud! Pippo
Vincit qui se vincit.
  • #500
  • Dec 4, 2007 7:53am Dec 4, 2007 7:53am
Quoting Pippopotamus
Hi Smikester, In the chart you posted the M15 stoch never made it to the 76.4% level before turning Is that really Ok with elastic trades? I will re-read Spud! Pippo
Hi Pippopotamus. You are right. I have scanned my notes and I should have waited for it to enter the 76.4 area and exit again. Thanks for pointing that out. I suppose I am lucky that the pair is not moving much at all, so i may wait for it to come back. Could be some time... .
Gone to a better place
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