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bringin sexy back - stochastics

  • #1,541
  • Dec 13, 2007 4:24pm Dec 13, 2007 4:24pm
Thank you, guys! The pics I am attaching show the entry after we wait a bit until 5 stoch (now 4) curves down. The 60 mins chart shows that 50 and 20 signal lines crossed and look down; we should wait again until 5 stoch on a 60 mins chart goes south. would it be a valid entry?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jpy 15.gif Size: 43 KB
Click to Enlarge Name: jpy 60.gif Size: 44 KB
  • #1,542
  • Dec 13, 2007 4:26pm Dec 13, 2007 4:26pm
Quoting maccavity
Thank you, guys! The pics I am attaching show the entry after we wait a bit until 5 stoch (now 4) curves down. The 60 mins chart shows that 50 and 20 signal lines crossed and look down; we should wait again until 5 stoch on a 60 mins chart goes south. would it be a valid entry?
I will post my new template tomorrow hopefully.

I have changed a lot since the last one and remove a lot of indicator, my chart clearer now...
  • #1,543
  • Dec 13, 2007 4:41pm Dec 13, 2007 4:41pm
Quoting melpheos
Try my settings and see if you like them better

4.2.2 smoothed
20.2.10 smoothed
50.2.10 smoothed

Do not put color on the main line and use only the signal line.
Hi melpheos, what evidence do you have that these settings will improve results? do they trigger the same set ups but a bar earlier in some cases?
Im a little loath to change anything without evidence of it making a difference
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  • #1,544
  • Dec 13, 2007 11:01pm Dec 13, 2007 11:01pm
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Quoting maccavity
Thank you, guys! The pics I am attaching show the entry after we wait a bit until 5 stoch (now 4) curves down. The 60 mins chart shows that 50 and 20 signal lines crossed and look down; we should wait again until 5 stoch on a 60 mins chart goes south. would it be a valid entry?
Hi Maccavity
I find that if all the time frames line up (rare), that there will be a very strong move in one direction for an intense period of time, with very little retracement. However, that is rare.
In another Stochs Forum, a guy called Spud (where is he now?) would emphasize: the lower time frames build the larger.
I personally start on the lower time frames (I try to always enter on the 1 min, and exit) and work up to the larger, occasionally they will all line up, but that is not a normal trading day. If the 15min TF shows the 5 stoch in good sling shot position (retraced), but the 5 minute chart is heading down, the 15 minute will wait until the 5 does a "complete round" before it moves in the way you hope it to.
I like to think of small to big, rather than the other way around.
Using the lower time frame charts you learn to read (I'm very much still learning) and predict what is going to happen in the larger time frames.
I will try and find some pictures to illustrate.
  • #1,545
  • Dec 13, 2007 11:28pm Dec 13, 2007 11:28pm
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
What stopping this going and staying in the overbought area?
Attached Image (click to enlarge)
Click to Enlarge Name: example_1.jpg Size: 186 KB
  • #1,546
  • Dec 13, 2007 11:29pm Dec 13, 2007 11:29pm
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
5 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: example_2_5min_chart.jpg Size: 147 KB
  • #1,547
  • Dec 13, 2007 11:31pm Dec 13, 2007 11:31pm
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
1 minute chart, the market mover
Attached Image (click to enlarge)
Click to Enlarge Name: example_3_1min_chart.jpg Size: 131 KB
  • #1,548
  • Dec 14, 2007 2:43am Dec 14, 2007 2:43am
Quoting M.A.C.Doug
Hi melpheos, what evidence do you have that these settings will improve results? do they trigger the same set ups but a bar earlier in some cases?
Im a little loath to change anything without evidence of it making a difference
First using smooth remove some whipsaw.
Secondly, as i use 4.2.2 i have to remove whipsaw
3rd, using 4.2.2 with smooth give me the possibility to look only the V and /\ pattern for the fast stoch.

Using the signal line instead of the main line gives an easier view of the setup (you have only 3 lines instead of 6 )

And yes, sometimes (not all the time) looking for V and /\ instead of signal/main cross can give a signal one candle before the cross.

Also look closely what happens when there is a V or /\ shape. There is about 95% of the time a cross of the main and the signal line so why losing time and having a heavier chart ?
  • #1,549
  • Dec 14, 2007 6:11am Dec 14, 2007 6:11am
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Today the market is so volatile it is hard to pick out any clean stoch patterns.
Again, picked up a nice formation on the EUR/JPY (5 min chart) and used this to enter in with the GJ, as they are so correlated. Rough water out there be careful.
  • #1,550
  • Dec 14, 2007 7:55am Dec 14, 2007 7:55am
Melpheos,

I'm going to give your new settings a go. I've been following you and Boxing from the start with good results. I still keep the 100.2.30 stoch on the chart - as Boxing suggested - not necessary, but helps to see the longer term trend when in overbought or oversold state. Looking forward to your latest, clean template. Thanks.
  • #1,551
  • Dec 14, 2007 3:48pm Dec 14, 2007 3:48pm
Ok here is my bundle with the indicators and expert i use and my current template.

Hope you will appreciate it.

! Note that the settings for my indicator are not general and must be change depending on the TF and the pair you look at !
Attached File(s)
File Type: zip Bundle Melpheos.zip   44 KB | 3,702 downloads
  • #1,552
  • Dec 14, 2007 5:41pm Dec 14, 2007 5:41pm
Quoting melpheos
First using smooth remove some whipsaw.
Secondly, as i use 4.2.2 i have to remove whipsaw
3rd, using 4.2.2 with smooth give me the possibility to look only the V and /\ pattern for the fast stoch.
I thought we all moved to single stoch lines a while ago . Mine have been that way for some time now after following your lead

I have had a quick look at the 4,2,2 smooth fast stoch and I agree that it regularly signals a turn one candle earlier and even creates entries in a trend that the 533 does not

Thankyou for your sharing your work in improving this method. Ill look forward to seeing your "new" clean chart posts
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  • #1,553
  • Dec 14, 2007 6:42pm Dec 14, 2007 6:42pm
Jont,

As you see in the attachment, the 5 min chart tried to go upward (and stochs were confirming that by crossing each other and 20th threshhold together with 15 min chart) but eventually failed.

How do you make conclusion that this or that, say, 5 min chart will make 15 min chart in that very spot (yellow smaller eclipse on 5 min chart)?

Quoting jont
1 minute chart, the market mover
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur5.gif Size: 52 KB
Click to Enlarge Name: eur15.gif Size: 40 KB
  • #1,554
  • Dec 14, 2007 11:36pm Dec 14, 2007 11:36pm
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Quoting maccavity
Jont,

As you see in the attachment, the 5 min chart tried to go upward (and stochs were confirming that by crossing each other and 20th threshhold together with 15 min chart) but eventually failed.

How do you make conclusion that this or that, say, 5 min chart will make 15 min chart in that very spot (yellow smaller eclipse on 5 min chart)?
Hi Maccavity
Thanks for the response, I love to be proved wrong.
As far as I can see though there is no conflict. The 5 min chart gives a weak signal to go up at 12.14.7.50, although the 50 stoch is dead flat. It does go up by 30pips. Then at 9.20 (on my time frame anyway) the 5 then gave a signal to sell. That same signal did not "arrive" at the 15 min chart until 10.00. Remember, the 15min chart is just made up of 3 5min charts, which is just made up of 5 1min charts. By the way, the 1 min chart gave you the entry at 9.10.
Wow, what a move! Did you catch that wave? I was asleep unfortunately, it would be nice if there was an alarm system to this kind of setup.
Fustrated surfer who missed a wave.http://www.forexfactory.com/images/icons/icon8.gif
  • #1,555
  • Dec 14, 2007 11:50pm Dec 14, 2007 11:50pm
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Anyone know if there is a stochs chat room still going out there?
  • #1,556
  • Edited 12:15am Dec 15, 2007 12:05am | Edited 12:15am
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Looking at that lovely wave again Maccavity
If I did happen to wake up half an hour after it had started, how do I get onto the wave (you have to have an entrance point)? You need to look for a retracement. If you stay on the 15min chart, the first half-hearted retracement does not come until 13.00, 100pips after this wave started. If I go down a time frame to the 5min chart and look for an entry point, a good clear retracement comes at 11.00, 2 hours and 63pips before the 15min chart.
  • #1,557
  • Dec 15, 2007 3:39am Dec 15, 2007 3:39am
Hi, Jont!
It was a nice ride! I woke up exactly at 9 and got in down 10 mins later. See, that was more intuitive rather than technical approach!
You say that “The 5 min chart gives a weak signal to go up at 12.14.7.50, although the 50 stoch is dead flat” but if you look at further waves and Stochs behavior at 5 min chart, there were some entries confirmed by 15 min chart. I selected a buy entry agreed on both charts (and 15 min Stochs were not flat) and as it turned out to be it would not be a viable entry.
Then you say that “at 9.20 (on my time frame anyway) the 5 then gave a signal to sell. That same signal did not "arrive" at the 15 min chart until 10.00” To me, it did “arrive”, see all the stochs at 15 min chart crossed down but later it proved to be the last false signal before the real downward move.
So, how do you differ between “promising” entries on 1 and 5 min charts? They all go back and forth with the Stochs on 15 mins going the same direction but later the stochs on 15 min chart change direction (though they were showing the trend by crossing in this or that direction) making my entries invalid.
How to single out and pick up the “real” signal? Seems like I misinterpret something…

Thanks for explanations!

Quoting jont
Hi Maccavity
Thanks for the response, I love to be proved wrong.
As far as I can see though there is no conflict. The 5 min chart gives a weak signal to go up at 12.14.7.50, although the 50 stoch is dead flat. It does go up by 30pips. Then at 9.20 (on my time frame anyway) the 5 then gave a signal to sell. That same signal did not "arrive" at the 15 min chart until 10.00. Remember, the 15min chart is just made up of 3 5min charts, which is just made up of 5 1min charts. By the way, the 1 min chart gave you the entry at 9.10.
Wow, what a move! Did you catch that wave? I was asleep unfortunately, it would be nice if there was an alarm system to this kind of setup.
Fustrated surfer who missed a wave.http://www.forexfactory.com/images/icons/icon8.gif
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur5(1).gif Size: 54 KB
Click to Enlarge Name: eur15(1).gif Size: 42 KB
  • #1,558
  • Dec 15, 2007 6:12am Dec 15, 2007 6:12am
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Thanks Maccavity for the mental stimulation
I have been thinking about stochs all day as I have been taking my kids around Christmas shopping! 2 minds are better than one.
I think this is what Boxinglife called "congestion before a movement", I think he uses another word (consolidation), but the meaning is still there. I was stuck in that stuff from a couple of hours before London open till a couple of hours after. 1min GBP/JPY candles were jumping up and down 30 pips at a time!
The weak signal was between your 2 question marks. I see what you mean by the signals before that. I have been caught in that before as well, the congestion stuff. I use double bollinger bands on my charts as well, SD 1 and 2. When the bollinger bands have narrowed and are flat (see my attachment), I am considering being cautious about entering. They also provide a means of exit, knowing when a move has finished. Combining the best oscillating indicator (Boxinglife stochs) with the best? trending indicator, bollinger bands.
Even if you enter on every signal, the large rewards will be much greater than the small losses.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_5min.jpg Size: 100 KB
  • #1,559
  • Dec 15, 2007 6:15am Dec 15, 2007 6:15am
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Also, feel free to ring me and wake me up if there is a move like that!!
  • #1,560
  • Dec 15, 2007 11:30am Dec 15, 2007 11:30am
Quoting jont
Thanks Maccavity for the mental stimulation
I have been thinking about stochs all day as I have been taking my kids around Christmas shopping! 2 minds are better than one.
I think this is what Boxinglife called "congestion before a movement", I think he uses another word (consolidation), but the meaning is still there. I was stuck in that stuff from a couple of hours before London open till a couple of hours after. 1min GBP/JPY candles were jumping up and down 30 pips at a time!
The weak signal was between your 2 question marks. I see what you mean by the signals before that. I have been caught in that before as well, the congestion stuff. I use double bollinger bands on my charts as well, SD 1 and 2. When the bollinger bands have narrowed and are flat (see my attachment), I am considering being cautious about entering. They also provide a means of exit, knowing when a move has finished. Combining the best oscillating indicator (Boxinglife stochs) with the best? trending indicator, bollinger bands.
Even if you enter on every signal, the large rewards will be much greater than the small losses.
I totally agree, BB is a great tool when you dont have a good eye for market price

I'm intending into adding several BB to my present one
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