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The Art of Trading with MTF Stochastics

  • #661
  • Dec 18, 2007 12:12pm Dec 18, 2007 12:12pm
looks good Musanto. Can you post the other indicators that your template uses?
  • #662
  • Dec 18, 2007 12:47pm Dec 18, 2007 12:47pm
mtf indicator , only the old one work for me.
This indicator need refresh (by switch between TF)
here it is.
Attached File(s)
File Type: mq4 #MTF_Stochastic.mq4   4 KB | 553 downloads
  • #663
  • Dec 18, 2007 1:57pm Dec 18, 2007 1:57pm
Hi Musanto,

Will you be in the trading room tonight?



Quoting Musanto
mtf indicator , only the old one work for me.
This indicator need refresh (by switch between TF)
here it is.
Jeff Singer, K2KV
  • #664
  • Dec 19, 2007 8:20am Dec 19, 2007 8:20am
my today trade for 10 pips
It is a clear setup with 15 joining the other below 20 line.
what make this trade quite safe was very good position of 4H and 1H very low ,below 10 and 30M at 10 .All stochastic was flat or pointing down and the moment of 15M crossing 50 line was entry signal.I didnt even wait for 1H to close as setup was very good.
the move is now for more than 50 pips down,I am happy with my 10
Attached Image(s) (click to enlarge)
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  • #665
  • Dec 19, 2007 8:21am Dec 19, 2007 8:21am
Good morning,

Here's a trade I took this morning on the AUDUSD. This is my favorite kind of trade, a small rubber band I like to call "The 1560."

I trade the M15 to the H1, and I don't think I've had a loser yet. As long as the H1 is below 38.2, and the M15 begins its run down from above 61.8, I'll trade the M15 down to meet the H1. Hardly matters where the other stochs are.

I often wait for the M15 to cross the 50 down, as this makes it a very low risk trade. While it doesn't always make it all the way down, I like it for quick action and smaller pips. You can trade the M5 instead of the M15, same rules, then follow with the M15. Reverse for long.

I exited +14, leaving more on the table.
Attached Image
Jeff Singer, K2KV
  • #666
  • Dec 19, 2007 8:43am Dec 19, 2007 8:43am
wow that nice
marcin you are good
can anyone make it clear
how many signal that you know in MTF stoch?
when i compare between marcin and k2kv chart it look different signal
  • #667
  • Dec 20, 2007 3:45am Dec 20, 2007 3:45am
Interesting trading Jeff,I am talking about your 15/60.I will keep an aye on it.

That is my today trade for 9 pips.
the move doen is now about 25 but as always I prefer quicker and safer pips.

Although the 1H bar was not close it was 15 minutes to its close,the 4 h was perfect for elaticity trade ,below 10 and pointing down and the 15m just crossed 50 line.
My only worry was 1H which supposed to be lower and closed at the moment of entry but the other stoch. position was nice and daily stoch.was at my favour as well,but remember is much safer to wait for 1H to be closed.
Attached Image(s) (click to enlarge)
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  • #668
  • Dec 20, 2007 3:55am Dec 20, 2007 3:55am
Adikabas

tha main trades are:
1.classic trade with the direction of 4 H(escalator )
2.Diving to trade 3.Diving away trade
4.Climbing to trade 5.Climbing away trade
6. elasticity trade.

Spud explained everything in details.
We are looking for this main setups but of course you can trade variation of these if you get experience and good grasp of it.
  • #669
  • Dec 20, 2007 4:04am Dec 20, 2007 4:04am
Quoting marcin25
Adikabas

tha main trades are:
1.classic trade with the direction of 4 H(escalator )
2.Diving to trade 3.Diving away trade
4.Climbing to trade 5.Climbing away trade
6. elasticity trade.

Spud explained everything in details.
We are looking for this main setups but of course you can trade variation of these if you get experience and good grasp of it.
thank you marcin25 for nice explanation
ok i will study what spud had try to explained
  • #670
  • Dec 20, 2007 7:21am Dec 20, 2007 7:21am
my trade on ej for quick +8 pips,
the move now is abouy 30 pips
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 15 exit +7.1.gif Size: 18 KB
  • #671
  • Dec 20, 2007 8:58am Dec 20, 2007 8:58am
Very nice trading, Marcin.

You've become quite an inspiration!

Happy holidays!


Quoting marcin25
my trade on ej for quick +8 pips,
the move now is abouy 30 pips
Jeff Singer, K2KV
  • #672
  • Dec 21, 2007 7:28am Dec 21, 2007 7:28am
Good Morning All,

Here's a quick trade I took this morning on GBPJPY, using Boxingislife's Bringin' Back Sexy method. This is a somewhat modified version of the original setup, using just a 25-10-10 (blue) to indicate the trend. The 5-3-3 crosses it's signal back up after the retrace, and I'm in.

If you use this setup, make sure you have a strong trend on at least two time frames, and then trade the 5-3-3 on the shortest time frame.

Exited with a quick +10 pips
Attached Image
Jeff Singer, K2KV
  • #673
  • Dec 21, 2007 8:50am Dec 21, 2007 8:50am
Hey Jeff,

Nice trade Jeff. I personally don't like trading M5 but I do use that chart and setup to identify whether price movement is a retrace or a reversal. As your chart indicates, by the fact the the 25-10-10 stoch stayed overbought on M5, there are several retraces in play here. If you were trading a longer term time frame (M30 or H1), the M5 chart here would tell you that the move was a retrace and that you should stay with your position.

BTW, nice to see you trading GJ.

Happy Holidays everyone!!

Cheers,
CanuckCT

Quoting k2kv
Good Morning All,

Here's a quick trade I took this morning on GBPJPY, using Boxingislife's Bringin' Back Sexy method. This is a somewhat modified version of the original setup, using just a 25-10-10 (blue) to indicate the trend. The 5-3-3 crosses it's signal back up after the retrace, and I'm in.

If you use this setup, make sure you have a strong trend on at least two time frames, and then trade the 5-3-3 on the shortest time frame.

Exited with a quick +10 pips
  • #674
  • Dec 21, 2007 9:09am Dec 21, 2007 9:09am
Hi Canuck,

You've made a very astute observation!

In fact, the trend did reverse not long afterward, and this was clearly indicated by the fall of the 25-10-10 below the 80 level.

Hope you have a great holiday!

Quoting CanuckCT
Hey Jeff,

Nice trade Jeff. I personally don't like trading M5 but I do use that chart and setup to identify whether price movement is a retrace or a reversal. As your chart indicates, by the fact the the 25-10-10 stoch stayed overbought on M5, there are several retraces in play here. If you were trading a longer term time frame (M30 or H1), the M5 chart here would tell you that the move was a retrace and that you should stay with your position.

BTW, nice to see you trading GJ.

Happy Holidays everyone!!

Cheers,
CanuckCT
Attached Image
Jeff Singer, K2KV
  • #675
  • Dec 21, 2007 12:41pm Dec 21, 2007 12:41pm
ive had to give up the early hours because i was losing ability to do a decent job at work.. unfortunately, i have been missing all the good setups. there was a nice setup on AU that i took around 3.. of course, the market barely moves at this time and day and i will probably lose the spread.. i knew better, but took it anyway because i never get to see good setups except when i read the board...
  • #676
  • Dec 24, 2007 2:43am Dec 24, 2007 2:43am
Happy Christmas everyone,
forget about forex for a couple of days and be with your family.
In new year we will see here and together make winning trades .
See you .
  • #677
  • Dec 24, 2007 3:05am Dec 24, 2007 3:05am
Marcin,


Thank you...... my wish too!
Unus pro omnibus, omnes pro uno
  • #678
  • Dec 24, 2007 9:56am Dec 24, 2007 9:56am
Hi Nate,

I suffer the same problem regarding time. I'm on the east coast, and I've tried to shift my awake times, but my personal obligations and bio-clock just won't let me continue that as a lifestyle. I was over-trading, too, most likely to compensate for my limited 9am-12pm trading period. At 9am when I first arrive at my computer, it is normal to see that many big moves have already occurred. I've learned to ignore that, and to not take to heart the numerous messages and postings I see from other traders who may have enjoyed big gains overnight. I never get any of that, and it used to upset me (because, after all, who wants to be left out of all the winning action), but I've since come to grips with the understanding that those moves are simply not available to me, not within my realm.

But I think I've figured out how to make the most of my trading time. Basically, I am watching the more volatile pairs, in particular the GBPJPY, since its moves are generally larger than most of the others, and this particular pair tends to follow MTF Stochastic signals quite well. In addition, I am trying to take ONLY the very best setups. The combination of good setups and fast-moving stochastic-friendly price affords the opportunity to take just one or two trades per day, and still come ahead by 20 or 30 pips or more before heading out for lunch. If I remain disciplined in this way, I should do very well in the long term. Time will tell.

Also, whenever I have the time, I try to trade the early Asian session which is often quite active before midnight here in NY. Again, I will only trade what I consider to be perfect or "near-perfect" setups, and only trade when I find the market active, so as not to waste valuable pips and valuable time.

I've realized that it is more important to feel really good about whatever it is you are able to do, rather than to feel badly about the things over which you have no control.

Hope that helps.

Have a great holiday!


Quoting natejax
ive had to give up the early hours because i was losing ability to do a decent job at work.. unfortunately, i have been missing all the good setups. there was a nice setup on AU that i took around 3.. of course, the market barely moves at this time and day and i will probably lose the spread.. i knew better, but took it anyway because i never get to see good setups except when i read the board...
Jeff Singer, K2KV
  • #679
  • Dec 26, 2007 1:46pm Dec 26, 2007 1:46pm
I've been following this forum for a while and have been trading the "elevator" system of Spud's for the last few months with varying degrees of success. I'm glad you guys are still using the system and posting your trades - it's very helpful. k2kv, I notice you're using that all-in-one stoch indicator, do you wait for the candles to close on the higher timeframes before entering trades? I recently switched to that indicator (as opposed to having four separate charts open) as it's made both backtesting and trading multiple pairs a lot easier. Unfortunately though you can't easily backtest setups where the 1 and 4 hour candles haven't closed yet which is the situation you're going to come across in live trading. Have you guys deviated from the original rules at all? For example, I read one person on the original thread ignores the 4-hour completely.

I live on the west coast and work during the day so I can usually trade most of the asian session (though I usually miss the first hour or two) and the beginning of the london session. I'll try to post some setups and trades from these sessions if you guys would like.
  • #680
  • Dec 26, 2007 5:41pm Dec 26, 2007 5:41pm
Glenn,

Thanks for sharing your chart. Please feel free to discuss your method - we are still in the realm of MTF Stochastics. I'm a big fan of Spud's Thread Theory and anything that might enhance its success would be welcomed.
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