bringin sexy back - stochastics

I tried the same thing on the USD/CAD but that didn't work out as good as I thought it would. I'm still in the trade right now but I went in at .05/pip just for testing purposes. I went short on the 15m when it lined up pretty good with the 4hr.

yea next friday works

as for drawdowns well we trade different timeframes for different reasons.i dont have much time to trade during the week since i go to university so i chose to trade the 4h mostly. drawdowns will happen but its normal with any timeframe. the 4h is just a big bigger but its all worth it in the end when u make 100+ pips per trade. pick the timeframe according to what ur comfortable with and what suits u. dont let ur decision be affected by the drawdown. if u can watch charts all day then u can do a multi time frame analysis and be able to pick really good trades. ill show u some stuff next friday.

I apologize for posting charts if that's working on some people's nerves. But I do think that this is a learning experience for all of us since we have Boxing's perspective on this and as the saying goes, a picture is worth a thousand words. Since I have a lot of time to copy/paste, I feel that this is working for my and other newbies' benefits. Alright, that being said, Boxing pls take a look at the 3 charts below. My take on it is that I should only look to go short. I should wait for the 5 stoch on the 4hr and 1hr chart to come back down and meet the 20. Or on the 15m, I need to wait until it all shifts and comes into synch with the 4hr. OR I could pull a Boxing and just take the position on the 4hr when it comes back down. Your take?

jd
even though the 20 on the 4h is trending down we see the 5 went down then back up. in this case we could be seeing a trend change. the first sign of a flat 20 on the 4h or a reversal, u should go down to 1h and 15 min and try to pick trades from there. buys obviously.

basically the 4h here is tellin is that the 20 is trending down but iffy because the 5 didnt go down much and went back up.
like i told u once the 20 flattens on the 4h, check the 1h for a trade if its moving up strongly and the 5 is already overbought, check the 15 min. chances are ull find the perfect trade there

gotta go work out ill be back in an hour or so

edit:
in my opinion its not that great of a trade especially because of the time of day. if the 5 on the 4h moves back down and its looking good then short but from what im seeing its gonna consolidate or maybe even go up

Ahh thanks for explaining all that. Dumb me! I'm sitting here waiting on the 15m to turn around and for the 5 to come back down on the 4hr. All that time, I could've been banking the pips on the 15m!! Ugh! I would've gone long on the 15m a long time ago but thought it was iffy and not safe all because the 20stoch on the 4hr was still trending down. I fully expected the 5 to turn around any minute.

Hey jdcompute! Don't get too confused by all the the signals. I used to wait for everything to line up too and watched 1,000's of pips go past.

In the end, if I see a good set up on any time frame I take it. The slower stochs are already telling me that the next time frame up is going my way, if the one above that is ok too then it's a double green light.

As Spud said, spend a month just watching stochs move and you'll get a feel for how they operate together on MTF.

The Sexy stoch system is so incredibly visual that it's amost a no-brainer. With MTF as well, it's as sure a thing as I've ever used. As Boxinislife has said himself a million times (i'm telling myself this as I write) "Just wait for the best set-ups!!!!!".

Kudos to you Boxing for this excellent system!!

Hmm..I almost see the picture you're painting but not quite. Please explain this part to me:

"The slower stochs are already telling me that the next time frame up is going my way,"

OK, here's a current view of the action from EUR-USD. Two charts, 15min and the next time frame up which (for me) is 1hr.

Notice how the slower moving stochs (15,x,12) & (20,x,12) on the 15 min mirror the movement of the (5,x,3) on the 1 hour.

So, I always know what the 1 hour chart is doing because the slower stochs on the 15 min tell me.

It's the same with other time frames although some behave better than others. I'm still working on 4hr and Daily.

Hope this makes sense.

I'm changing the settings on mine and trying to see how it works for me. Are you saying you only use this sort of setup?

i had absolutely no idea a hot girl lived in my apartment building.

Man ur crazy Stay focused! I have a question. Why does the 15m synch up with the 4hr so much faster than the 1hr? Why is the 1hr always lagging in getting in step with the 4hr but the 15m moves into place faster?

Hmm are we in an uptrend or a downtrend? What is happening here, or what should I be waiting on here?

well simply because the 15 min is faster than the 1h and represents a small part of the 4h

=

when a bottom is established on the 4h and price starts moving up, well the 15 min would move up as soon as the 4h starts barely moving up.

if its a true trend change, then u can catch some trades off of the 15 min while the 4h is starting to turn up but at some point the 15 min will turn down because the 4h is forming a higher low which will mark the trend change. at that point the 1h will give u the opportunity to catch that trend change if its looking good

its confusing i know
but ill explain it more in details later on and for you on next friday.
just takes practice and some experience

in ur example, id wait to see what the 4h does. like i said its pointing down but the 5 moved back up. wait for a new direction of the 20 or wait for price to move back down some to confirm the continuation of the downtrend.
id rather see the 4h get flat and move back up then catch the trades off of the 15 min and 1h. market time isnt ideal so trade small if a trade comes up

Man, I've learned an awful lot from you today just in the few posts you placed. About your last comment, the part I'm chewing on and trying to grasp is this:

"but at some point the 15 min will turn down because the 4h is forming a higher low which will mark the trend change. at that point the 1h will give u the opportunity to catch that trend change if its looking good"

Sheeesh! First day back in the day job after Easter hols and I look at this thread (the BEST on any FX site bar none) after just 24 hours and I have more than two full pages to read! JD - you are a demon for this stuff -- how can you post so fast!!! I am struggling to catch up with the sheer volume of critical information that is flashing past here.

But given the potential of this system to actually -- Insh'Allah (as my Arab friends say) -- "deliver the dream" I think nothing should be too much effort. In fact, this information is so critical I would love to capture it in a more structured manner.

I am trying to do this by writing a custom indicator on the lines of Melpheos' indictor V that summarises all the rules as IF statements, eg.

IF (this) && (this) && (this) etc etc THEN
{
buy/sell
}

Not that I want to make things mechanical, but the discipline of doing this helps me a lot. And when I drop the custom ind. on a chart and the buys and sells line up in the right place, I know I am getting something right!

CB.

Hi Everyone

Going on from the last post, attached is my M15 chart for OIL. I have just a couple of ultra-simple rules in my indicator as yet but I took these trades and did quite nicely. I have 3 more rules to code but since I am learning MQ language at the same time as FX trading (at the same time as the day job etc etc) I am rather struggling to keep my head above water on this one!!

CB.

Sorry guys, I've been out shopping with the family. I just got back in. By the way, I never formally introduced myself. I'm a 36yr old Information Security Professional in Dallas/Fort Worth. Codebreaker, glad you're here Actually, I'm trying to slow myself down with the posting..don't wanna overload Boxing or anyone else. But I am an aggressive learner. Right now it's 8:55PM CST and I can promise you I won't see the bed until 2:30AM and then back up at 5:00AM to see if I can get some good trades. Been going at it like this for the last 2months but now since I'm in this thread, it's all starting to gel for me.

Is Boxing a psychic or what?? I have to post this in honor of what he said earlier. I was prowling the market and took a look at the EUR/JPY. I saw what I recognized as a reversal sign on the 4hr like Boxing said earlier. So immediately I went to the 1hr chart. No set-up there. Went to the 30m and what do you know..the perfect trade just like he mentioned.

EDIT!!!:: The picture says that I went "SHORT" but actually I went "LONG".. must be too little sleep

hi jdcompute.
how did you put that info on the leeft corner of your platform pls assist me in that regards i wish to have on mine too.
thanks