The Art of Trading with MTF Stochastics

Hi,I believe you must wait for bar/candle to be closed before making a trade. And yes, this is probably not a very good time of the day to be trading. Pippo

EJ came through after all. Got out with 20 pips.. that was my first successful MTF stochs trade and it was far from ideal. felt good, nonetheless. now i just have to practice...

Not much happening yet.. I will probably hit the gym in a half hour and with some luck won't miss much. Looks like really good setups might be at least an hour+ away. but sometimes they sneak up on you

my today trade for 9 pips

very nice.. i stayed out of that because the 60 was pointed down. i guess you get a better sense of when you can take the stochs on balance as you use them more.

Natejax
Look at first chart ,the 1H is definitely above 80 and pointed up and the 4H is very high at 95 level.
Normaly I take trades when 15/30 cross 50 but because of ideal position of 4/1H I jumped in for 10 pips,even though 15M didnt cross 50.

What I think about trading elasticity 15/30 into 4/1H is to observe carefuly 4/1H.If they are high, well above 80 and pointing up that is fantastic.watch them how they react at the time 15/30 is moving down.If they still manage to stay flat or even be pointed up that make me sure the upcoming upwards move is more reliable and stronger.
Look at my post 594 and read this page to the end,you will see what I am talking about- the stochastic told me in advance that the move up is comming,look at the charts.

yeah, i just saw that. i don't know why, but on mine it was pointed downward.. i might have to see if i did not have the time period mixed up when i thought you had taken the trade.

EUR/USD long
USD CAD short
AUD JPY long

look at Gu,1H pointing up nicely and 15/30 pointing down,it could be nice long soon,mayby in a couple of minutes

Also bullish candle on last hour...

Frankly, this has been the slowest, most painful three hours I've ever experienced in the morning. Too little volume, too much drift -- for me.

But it was busier earlier at the London open. Sparks may fly later, in about 6+ hours, when we have the USD interest rate decision.

what do you guys think about AJ? hourly is turning back, 4 hour is overbought but sloped downward.

Good morning,

Here's a nice little elasticity trade I took this morning. I was just about to fall asleep at the computer when this pair began to move. All stochs were headed up, led by the M15 to meet the H4.

Was good for 15 or so but I only took 8, as I had to leave.

Cheers!

Nate,

This was another good rubberband trade. I could have taken this instead of the audusd, but the spread was less than half, so it was an easy decision.

just took over 100 pips profit on GJ.. not a true agreement trade, but all stochs had been pointing down (was still overbought though).. but i saw the price action and decided to jump on it.

im going to focus on my real job for a bit now and tune back in as it gets closer to fed.. good luck guys.

what do you guys think about shorting on A/U now,the 1H could be better

AU was a nice call. did you take it?

NZDUSD

I didnt,I had to leave my computer.
As I can see now my call was a litille bit to early ,but yes, it was nice move south.
It is so worthy to wait for the right moment .