bringin sexy back - stochastics

tahts when u look at the next timeframe
see lets say u got a great buy comin then the 20 starts flattening then maybe turning down, u look at the next timeframe to see whats up. even a flat 20 or an upward 20 or even an upward 5 is usually enough to confirm the buy on the lower timeframe. remember u wont always see textbook entries so unless u confirm with the higher timeframe u will miss most entries. and like i said practice makes perfect. give it some time and follow the advice and ull do just fine

I found this thread thanks to a subscriber of Peter Bain's AM Review who wrote in praising the Sexy Stoch's. Had no idea what settings were used until I googled.

Very promising. I am using Sexy Stoch's with Accucharts and the now included Pivot Points that are incorporated which are based upon Bain's. Pivot's are powerful.

got a link to Peter Bain's AM review?

I am helping to develope a system with a couple friends and I am in need of help and second opinions.

THe issue we have run into is that we want to test our system out using Vhands by Blueruby (thanks man!!) We are using Multiple Time Frame Stochastics that plot the H4 and D1 and WK1 stochastic 5,3,3 on our H4 charts. But Vhands is unable to compensate and test this set up.

SO what I am asking for your guys help is do you know what settings I should choose in order to simulate the D1 and WK1 Stochastics on the H4 charts?

I have come up with D1 setting (30, 18, 3) and WK1 setting (150, 90, 3) but I am not sure if this is correct and would like a second or 100th opinion on it.

I found these settings by finding that the 5,3,3 on H4 was taking the last 5 4 hour and last 3 4 hour bars. So by extension I thought that D1 setting would be taking the last 5 daily and 3 daily bars for the two periods of the MA's. This then would equal 30 4 hour and 18 4 hour bars, because there are 24 hours in a day and therefor 6 H4 bars in a day, over 5/3 days would be 30/18 H4 bars respectively.

THe same was applied to the weekly. There are 5 days in the weekly bar and the weekly 5,3,3 setting takes the last 5 and 3 weekly bars. SO the settings would be 5(30), 3(30), 3 or 150,90,3.

YOu probably dont follow what I am saying but if you can help that would be great. I just need to be able to plot the daily and weekly stochastic on a H4 chart by changing the setting (x,x,3) of the stochastic. Thanks

sometimes what i do is that for example i have a 15 min chart on and i want a 30 min stochastic setup, i just multiply all the settings by 2 and it ends up being very close to an actual 30 min chart. like rather than 5 3 3 u use 10 6 6 etc....
but if ur using a 1h chart and want 4h setups, u can multiply by 4 but yea it gets kinda too weird to look at and looks all flat and hard to understand so i dont recommend it. the only way it would work is if u zoom out some and then look at it it would look a bit better.

having 2 charts would get u a 4h 8h daily and weekly so i recommend u do that rather than squeezing them all on one chart. trust me.

hope this helps if u wanna know anything else feel free to ask and ill give my opinion.

Im back! (actually I never went anywhere, I just couldnt upload charts)
Anyway I use the sexy stochs as an entry signal in combination with other ta like sinclap. You cannot just take every signal, it takes more work than that to be consistently profitable with this technique but check out how early it gave a short signal on fri just prior to a big sell off on EUR/JPY. Price was still retracing so entry was right at the top of the retracement! amazing!! notice how useless the long signals are toward the end of the chart, I completely ignored them and kept my original short position open which is over 150 pips positive

you guys aren't going to believe this - I can hardly believe it myself but on that E/J trade that i kept open over the weekend, I set a limit at 152.20 just above support as a longer term target. i turned on my pc today late Asia expecting the trade to have retraced a little against me after Fridays big move to find the trade had closed out +470 PIPS !!! during the markets most quiet time, Mondays open!! Now Ive seen it all, anything really can happen.
here is my weekly chart showing the analysis that provided the target that enabled me to capture the whole move bar ten pips.Then the hourly chart clearly showing the bounce after my exit - Home run? its out of the ball park!! proof of the value of TA and S/R in particular

M.A.C.Doug, good Congratulations!!!

It was the best monday ever for me
I did not leave open positions for weekend.
During whole day(monday) i made almost 1000 pips , and made 10% my depo trading veeeeery safe with little amount

I hope it is good sign for whole week for us
I was trading short GU and Long EJ , 11 positions and almost 1000 pips

Thanks Oleevier and congratulations on your best day also

mac

good job
glad my system is makin u $$$
pm me if u get a chance. i got somethin u might like

Hi stochsters,

What's everyone using as an entry trigger? The cross of the 533 stoch? I'm looking at the charts and waiting for it for the 533 to cross... meanwhile 70 pips have gone past.

Anyone refining an entry on a lower timescale chart? I'd be interested in any proven methodologies. I'm trading off the 4 hour with the daily as a trend. Looking to fine tune an entry on the 1 hour and the 15 min charts.

There's many occasions when the lower time frames offer the expected counter trend movement, it's just difficult to know "how far it's going to pullback" before joining back in with the flow. Waiting for the cross on the 4 Hour seems a ridiculous waste of pips. Anyone else dealing with this???

I will get this! There's such incredible potential in this simple but ingenious method if I can just fine tune it. I've seen countless brilliant entries go by. Perhaps I just need more experience dealing with the "you never know for sure" factor.

Finally finally weening myself off the shorter time frames. It was just getting silly. How many times do you need to bang your head against a brick wall before your brain says stop????

Thanks to all. Great contribution guys.

El Choco

OK, no worries, having spent months wandering around in fog of dodgy entries culminating in the post above, I immediately found this: http://www.forexfactory.com/showthread.php?t=50502.

It's got a really helpful trend-line break method of entry for the sexy stoch system. Sounds simple but it never occured to me!!!

Thought i'd repost it here for anyone that needs it.

Happy Stoching !!

El Choco

Hello Everyone

Hope this isn't a newbie question.... I am looking at the Sexy system and I have got the chart up with NonLagMA (downloaded from here), the 3 stochs and the HA. But I can't find the MA Crossover with the neat red and blue arrows. I guess this isn't part of MT4. Can anyone please post the indicator for me?

Thanks very much,

CB.

Those indicators are only helpers. They are not part of the system and you dont really have to use them (same goes for NonLagMA)

But click on the attachement icon of the thread and it should be there under bundle.zip (i think i named it that way)

I'm about 8months into Forex trading and I have to say this is the most painless method I've come across yet. I've read the Spud thread over and over. That combined with this thread gives you so many ways to make a profit it's truly unbelievable. I began reading this yesterday morning until 4:00AM today. I live in Texas. I traded it live beginning at 6:30AM (yes I stayed up all night reading and digesting this entire thread twice) and scored 9 out of 11 trades with a minimum of 25pips and max of 43pips per trade. I was trading using the Oanda platform with .50/pip to be safe. The reason the other two went bad was due to trading during hours with little market movement. Many thanks to boxing, Melpheos, and everyone else that has contributed to the thread, created indicators, posted charts, etc. Great work guys. The level of fear and apprehension has been greatly reduced since this is mostly a mechanical system..just follow the rules, take the safe trades and bring the pips home.

Trade from this morning that gave me a cool # of pips. I had several easy setups just like this.

Hi Melpheos

Thanks for the advice and links. Understood.

BTW, I got in on the GBPJPY rise early this morning (UK time) that this miraculous system foretold 1 M30 bar in advance!!! Although I chickened out part way thru as I am kinda new and couldn't believe what I was seeing, did anyone get that eye-watering 410 pip straight-up rise???

CB

I would love to trade that pair but I hear so much about how volatile it is that I'm scared of it . Also, so you're trading off the 30min charts? I've tried using multiple timeframes for this strategy but am finding that the signals are pretty darn accurate on one timeframe. I was using Spud's method but this here is wayyy too cool . "410 pips"!!! I may have to look at that. The volatility and the 9-pip spread are such a deterrent to me though. Truly though, I have yet to find a pair that this system does not work on. Glad you had success..I wish you more.

Hi JD

Yup - I guess I'm too much of a newb to know enough to be scared of the Dragon! I just looked at the 4 big pairs in order of market size. Started with the EURUSD but, apart from the odd good day, seems to be dead as a dodo most of the time -- boring! The GBPJPY always seems to be on the move so I thought I'd have a go.

For me, the GREAT thing abouy Sexy is the fact it seems to apply to all pairs and nearly all time frames. I also looked long and hard at Spuds Thread Theory but (a) it is WAY too complex for me and (b) just isn't nearly as good as Sexy. On my demo account, I generally lost money with threads but I seem to get around 8 out of 10 right with Sexy.

Those guys who say KISS is the way ahead are absolutely right!

I colour the 50 RED, the 20 BLUE and the 5 GREEN. So I know my rule is to trade the green FROM red TO blue in the OB/OS regions. That's it!

Timeframes - I mentioned the 30M simply because the 410 pip rise started around 0500 UK time and went on all day so you can see the whole beautiful beast in one chart -- barely a down candle for 12 straight hours on the M30 chart!!!!. Actually, I got in on my 5M timeframe which seems good for GBPJPY given the volatility. But like the experts on this thread say, I then check maybe 1 or 2 higher timeframes just to be sure before diving in.

My M30 chart attached.

CB.

That's awesome, but I have to say I'd never have taken that trade looking at the chart you posted. The 20 and 50 look way too flat for me to have considered it. Perhaps there was more slope on a different time frame. Either that, or I need to reconsider what I'm looking for as a viable entry.

Either way, good going!!!!!!!!