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bringin sexy back - stochastics

  • #1,821
  • Apr 6, 2008 11:10pm Apr 6, 2008 11:10pm
Alright guys..market's back open and I'm on the prowl for a sexy setup. First up is the GBP/USD pair. Here is the 4hr chart right now. I'm waiting on the 5 stoch to turn up. The hourly is looking pretty good but I'm holding off on that until I get the 5 turning up on the 4hr.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hr.GIF Size: 46 KB
Click to Enlarge Name: 1hr.GIF Size: 45 KB
  • #1,822
  • Apr 7, 2008 1:06am Apr 7, 2008 1:06am
I couldn't help taking a short signal off the 15m while I was waiting on the 4hr to turn around. I'm up 20+ at the moment. Perfect sexy setup by the way.

Edit as I'm typing, I'm up +21.5
  • #1,823
  • Apr 7, 2008 2:14am Apr 7, 2008 2:14am
Looks like the 15m is done but the 1hr still has a little juice left. I'm out at 31+ pips!! I'll wait for the 4hr to do what it has to do and then I may play that one or hold for the USD/CHF later. It's 2:13AM here so I'm going crash for a few hours. Be back afterwhile.
  • #1,824
  • Apr 7, 2008 8:48am Apr 7, 2008 8:48am
Am currently ignoring all signals except Rule (1) AND (2) entry for safety. Only got 1 signal so far on EURGBP M15 but it was quite nice for 15 pips.

CB.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP_M15.PNG Size: 25 KB
  • #1,825
  • Apr 7, 2008 8:56am Apr 7, 2008 8:56am
I have been trade about 2.5 years. About 1 year ago I found and read this thread. And me and my team back test this system.. Now my team have a good profit in fx.. One of my student (a oldman) deposit at Marketiva $200.. in 2 month it became $1200.. thx 2 ur system.. Last week he withdraw $700..
My other student deposit $100 .. and in one month it became $220 .. and my another student deposit $500 and in one month became $1000..

Thanx for ur best system my friend..

-Madito Mecha-
Indonesian Trader
  • #1,826
  • Apr 7, 2008 9:13am Apr 7, 2008 9:13am
I'm not sure if there's news or whatever going on but I just took a loss on the USD/JPY for -20pips. I went in on a 1hr setup but price keeps ranging. I'm out and going hunt for another pair. Madito, I'm glad it's working for you!! keep up the good work.
  • #1,827
  • Apr 7, 2008 9:19am Apr 7, 2008 9:19am
GBP/JPY looks promising on 4Hr. One of my very last demo-trades
  • #1,828
  • Apr 7, 2008 9:48am Apr 7, 2008 9:48am
Quoting DanFX
GBP/JPY looks promising on 4Hr. One of my very last demo-trades
I want everyone to know though that it was prob an error on my part. The 20stoch on the 4hr was oversold with the 5stoch turning around. I went long anyway on a signal from the 1hr. I should've waited for a better setup. Oh well, lesson learned.

Dan, promising for a short, correct? Is that what ur waiting on?
  • #1,829
  • Apr 7, 2008 9:55am Apr 7, 2008 9:55am
Yap ! Short obviously. iīve already entered and was up 18 pips but back to breakeven right now. I think i will try to ride the 4hr down if it doesnt turn arround too fast. Itīs just demo but past 4hr setups almost all look very good .

I have sent funds to oanda today. Hopefully they will credit my account by wednesday. Iīm a bit excited
  • #1,830
  • Edited 10:44am Apr 7, 2008 10:21am | Edited 10:44am
Quoting DanFX
Yap ! Short obviously. iīve already entered and was up 18 pips but back to breakeven right now. I think i will try to ride the 4hr down if it doesnt turn arround too fast. Itīs just demo but past 4hr setups almost all look very good .

I have sent funds to oanda today. Hopefully they will credit my account by wednesday. Iīm a bit excited
Yep, this thing works if you follow the rules..which I didn't earlier by the way, it's right back up where it was when I bought in so I could've broken even by now maybe even made a pip or two. Why did I bail, I don't know.

I'm actually waiting on the 1hr USD/CHF to line up with the 4hr for a short setup.
  • #1,831
  • Apr 7, 2008 10:57am Apr 7, 2008 10:57am
Hmm..what would you do?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hr.GIF Size: 52 KB
Click to Enlarge Name: 15m.GIF Size: 51 KB
  • #1,832
  • Apr 7, 2008 12:22pm Apr 7, 2008 12:22pm
Boxing are you scoping out any trades?
  • #1,833
  • Apr 7, 2008 12:38pm Apr 7, 2008 12:38pm
Quoting jdcompute
Hmm..what would you do?
I would have taken the trade. Not necessarily because of the 15min (20 ready to come up) but the H4 looks good ! And as far as i can see it wouldnīt be a loss. I still have gbp/jpy open still bouncin arround +8. not much movement.

For taking trades i guess itīs always good to enter at a signal from a lower timeframe. So if I see a signal on H1 in agreement with H4 i would enter when the 5 stoch crosses on the 15min or maybe even 5min. I think that way you have a lower probability of facing a drawdown before the trade takes off in the right direction.

I hope that makes sense to you! I canīt express this any better īcause english is not my mother tongue.
  • #1,834
  • Apr 7, 2008 1:05pm Apr 7, 2008 1:05pm
here is a question. Do we trade with the direction of the daily right here when the others line up?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.GIF Size: 52 KB
Click to Enlarge Name: 4hr.GIF Size: 53 KB
Click to Enlarge Name: 1hr.GIF Size: 52 KB
Click to Enlarge Name: 30m.GIF Size: 52 KB
  • #1,835
  • Apr 7, 2008 1:42pm Apr 7, 2008 1:42pm
Finally some movement! My gbp/jpy trade is now at +50 after 5 hrs.

@jd. I donīt realy feel authorized to answer your question but in my opinion a downward consolidation on the daily (5 going down) is enough confirmation to take short trades in lower timeframes.
  • #1,836
  • Apr 7, 2008 1:47pm Apr 7, 2008 1:47pm
Quoting DanFX
Finally some movement! My gbp/jpy trade is now at +50 after 5 hrs.

@jd. I donīt realy feel authorized to answer your question but in my opinion a downward consolidation on the daily (5 going down) is enough confirmation to take short trades in lower timeframes.
+50?? alright..now tell me how you decided to take that trade and to hold it. I guess I know why you took it but why did you stay in it for so long? were you on the hourly, 4hr, 30m? Good job! Sexy setup?
  • #1,837
  • Edited 2:02pm Apr 7, 2008 1:52pm | Edited 2:02pm
Saw the signal on 4hr. all the other timeframes were a little conflicting but daily going down. went up +20 then back to -7 but never exceeded -7 so again, NO Drawdown on that one and as long as the 4hr is falling im staying in.
Donīt know how to deal with this upīnīdown when trading live but works fine so far on demo.



+60 now. Maybe I will think of an exit when price gets near 203.00... depends on how it will react then.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp4hr.gif Size: 18 KB
  • #1,838
  • Apr 7, 2008 2:54pm Apr 7, 2008 2:54pm
Exit with only 25 pips profit īcause market going against me rapidly.
In the meantime I was up 72 pips and los 47 of them . But still a profit.
There are many lessons to be learned. One might be "protect what you made".
But thatīs not easy because you have to let it breathe so you have to accept the market going against you a bit. But where to stop ?
The other lesson maybe is "patience is rewarded" and "greed is punished".
I could have taken partitial profit when I was up 50 or 70 pips but i was sure price would go lower . Iīve had better trades on 15min. But H4 is still a valid signal and might go back down again.
Most comfortable way to make pips will be only look for A+ trades as boxing told us in the very first post ! But even non-perfect setups give us profit which is fine

So for today Iīm done !
Good night!
  • #1,839
  • Apr 7, 2008 2:54pm Apr 7, 2008 2:54pm
Quoting DanFX
Saw the signal on 4hr. all the other timeframes were a little conflicting but daily going down. went up +20 then back to -7 but never exceeded -7 so again, NO Drawdown on that one and as long as the 4hr is falling im staying in.
Donīt know how to deal with this upīnīdown when trading live but works fine so far on demo.



+60 now. Maybe I will think of an exit when price gets near 203.00... depends on how it will react then.
It's absolutely normal to have up and down on this pair (specificaly on GY and GU ).

The idea on this pair is to take some profit from time to time if you can afford to take lots bigger than 0.1
  • #1,840
  • Apr 7, 2008 2:55pm Apr 7, 2008 2:55pm
Man, that pair is a mover! Too fast for my nerves I'm sticking with Eur/Usd, USD/JPY, EUR/JPY...just those three although I'd like to expand. Right now I'm going to focus on mastering this system using these three pairs.
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