The Art of Trading with MTF Stochastics

Watching G/J pair. All TFs are OS. Potential from this state is,"climbing away," trade. Let's see. Marcin, what do you think about this?

Thank you Charlies for your explanatipon.
Anyway the daily chart was not overbought and the weekly was not oversold and looking at your chart at the moment of entry it was trade against 4H which was not below 20,but crossed it up and was pointing up,additionaly only 15M left overbought area,the 30/1H were still above 80 so it was nothing like good setup for me.
I agree that the 1H pin bar was nice and analising price action you could trade it.Personaly I use mainly mtf stoch and according to that it was risky trade.
Glad you made pips,
thank you.

Hi Pippo
yes ,it could happen what you said,but who knows,look at A/J ,mayby in 30 min when 1H close above 50 line it could be posible long entry.

Entered trade 08:00. S/L 25 pips TP 15 pips

G/U 15M is leaving the other stoch and crossing 50 up,and the other stay well below 20 flat,that is good sign,pity that some news are coming in 15 minutes but you can keep an aye on it.

Pippo
Why yoy enter?

At open 08:00 candle my charts showed M15,M30,H1,H4 all oversold and turning up. All... entered at 224.95 TP 225.1 Sl 224.7... Stopped out... -25! Very small position, but still not happy!

Only 15M left oversold and the bar was closed ,1H and 30 did not crossed and even if 1H and 30M would cross 20 the bars should be closed.
Too early entry are killer,I lost my money trading that way,it is better to miss good opportunity than jump into bad trade and loose money

Marcin, You are right. I should have waited for crosses of oversold level, and probably after news releases. I should wait for proper signal.

ok,possibly long on A/u when 4H cross 20 up,possibly short G/J when 15 cross 50 down,but the other stoch should be in right position

As Charlies said, on GBP/JPY, with weekly, daily and H4 stochs all pointing down, only shorts are favoured for now.

Smikester, Did Spud not trade against daily or weekly. I have not seen this in his writings.

I got + 8 pips on A/U but my entry wasnt very safe as I enter a litille bit before 1H close.I would say dont do that until you have some good feeling of the price movement and with awernase it is more dangerous.I wouldnt enter but when I saw this big engufling bar I did. I could have 16 pips but ened up wit 8 .
G/J ...still could be short soon

Watching close of M15 candle. Will enter short if close is down.

What a great name, Pippo.
I don't remember Spudfyre mentioning higher time frames but I was referring to Charlies post. In any case, Spudfyre has brainwashed me into "H4 is your trend". Sometimes I like to look at higher time frames. Also, the H4 is not clear on your M15 mtf chart. I like to look at it on a different chart, full screen, with no clutter.

Good pipping to you. Don't mention my EUR/CHF trade yesterday.

G/J...Short 224.74 SL 225.01 TP 224.61. Soon to be stopped out again! Out at 9:45 bar close 224.87 -12pips.

Pippo
I am in trade as well -10 at the moment

Marcin, Good luck. Adverse bar close with impending news release. I decided to close trade. Pippo

the 1H has closed and still look good ,30 the samse,I am stilii in trade

G/J M15 in OB (77-82 range) H4,H1 still clearly OS, very well below 20. M30 above OS, above 30 with strong upward bias. Looks like potential Elastic trade at M15 bar close, if down, but strong M30 upward bias causes reservations about taking this trade. We'll see...At close of bar I took trade S224.89 SL225.14 TP224.74....Have decided to move SL to 225.16, one tick above previous swing H on M15. Stopped out, and it only took 30 seconds! That's efficient.