bringin sexy back - stochastics

elchoco,
when you say perfect set up. are you refering to or do you look at more than one time frames or when the et up is according to your stoch setting in a time frame .
pls do yoyu understand?

So Boxing, elchoco, would I be waiting for the 5 to turn back up on the 1hr to take this setup?

Hmm seems like now as I type, the 4h is changing direction. Elchoco, what's the most you've had to endure in drawdowns on the hourly?

how can i get the hama melpheos is referring to as thhe filter
thanks

FXGuy, click on the paperclip at the very top right of this thread window and that will bring you to a spot where you can download all of the indicators/templates/screenshots that have been posted here.

Boxing you need not thank us for keeping this thread alive. We are grateful to you for your contribution. As far as I am concerned, this thread will be alive and well for quite awhile.

Hi !

I´m in a trade (demo unfortunately) on gbp/usd taken from 15min chart!

Up 23 pips with absolutely NO drawdown! Price went the right direction from the start ! That´s how i like it

Boxing, I have a question that I think is my main problem. If you could explain this to me, I would really appreciate it. If the smaller timeframes define the trend of the larger timeframes, why do we have to consult the 4hr to see what it's doing? And why should I be trading with the trend of the 4hr if it's not in charge, so to speak? I've been struggling with that concept for months now. It seems to me that the 4hr is the boss. I know I'm missing it somewhere.

Crap i missed this trade, i got a work call and when i looked back at the chart is was too late...

Anyway, it was NFP today so it's never a good idea to trade such day if your not a news trader.

Great job DanFX. How long have you been trading Forex?

Does the NFP affect all the currency pairs? I've never traded news and am still pretty new to trading forex. By the way, your ACS indicator and NoLagMA work really great.

Well all together might be a year. But started just gambling without any idea of what i´m actually doing (everything demo as i said before). But this way i discovered the potential of trading FX. Seriously learning maybe 6 months or so. I´ve read many threads on FF but have been glued to sexy stoch and spud´s stuff. This seems to fit my personality. I´ve recently sent ID-copies to Oanda for my live-account so I will start within next 2 weeks.


Entry on the trade was really good but i messed up the exit. Surfin on the internet...when i looked back at it it was only up 8 pips and when i went out there was one single pip left. I could have seen that before on the 5min stoch. But as long as i didn´t let a winner become a loser it´s ok.

BTW.

Is there a possible entry forming on EUR/JPY 15min. ?

I would say yes, and I'm looking at one on the USD/CHF 30M. I wonder if we'll get those before the market slows down like it normally does on Friday.

Well i think eur/jpy will work if it´s rejected by daily pivot @ 160.22

Hmm interesting thought. I never use the Pivot lines but I may consider doing so now that you mention it.

As I'm writing looks like it's coming back down from the pivot line. So now, my question is when do we short it? now or when it touches the 20?

Yes i recommend you to do so! I´m not an expert on this but have just found out how good pivots are. Playing arround with them for a week maybe!

And you will often find price bouncin between pivot point and the Support/Resistance levels. Not always but very often!

I already am short from 160.16 but for me on demo it´s just fun!! Following the rules you would have to wait for the close of the candle.

Good call on that one. You were right. I'm just trying to get comfortable with knowing when to go short/long once it does something like this. I would imagine that it's when it hits the 20 according to the system we use.

What do you mean by "hit the 20" ? Do you mean the 5 stoch should hit the 20 stoch ? This would be new to me.

Edit: The only bad thing about that trade is, that price has to break 160.00 to bring us profit.
This might be a critical level

Yes, I meant the 5 to hit the 20. What do you mean about breaking 160.00?

I mean price must break 160.00 so go lower than that. many times it bounces arround when it hits round numbers like this. as far as i know 5 must not hit the 20. Only same direction.

Now candle is closed and it looks like a perfect setup