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bringin sexy back - stochastics

  • #1,881
  • Apr 10, 2008 8:21pm Apr 10, 2008 8:21pm
sorsurus,

Personally, I wouldn't have traded that one there because there's no real trend for me to go by. That's one of the moments when I'd just go find something else to do until the market finds some clear direction and the stochs show some clear trending signal.
  • #1,882
  • Apr 10, 2008 11:19pm Apr 10, 2008 11:19pm
it looks like there's no trend in the market rite now...have to stay out and wait for good entry...

hopefully, euro/london session will bring something...

besides, it's friday, profit taking day, everyone being very careful with their trade...anyway, i'll post any trade that i took and maybe we'll discuss ebaout it...

can see that this method brings good fortune for me...pray for everyone success too...
  • #1,883
  • Apr 11, 2008 2:20am Apr 11, 2008 2:20am
Quoting lugopt
Hi Madito.

Can you post the results of backtesting this system? I did some backtests on this system but I couldn't get more than 35% of Winning Trades and no more than 45% if I add an ADX filter.

I tested other systems and I got more than 60% of winning trades. Although this system seems visually to work it fails constantly on my backtests.

Thanks,

I don't why this system not worked 4 u guys. Maybe because I trade only at h1,h4,d1,w1.. and only trade on GU. I trade only GU cause, every pair have their own character. If you trade many pair, you will miss something. Maybe this system is not the best.. or not suit with your trading style, but if you backtest and trade with it in long time.. you will know what will happen in candle movement.
Sorry I cann't post my trading result, because I trade at Marketiva. They don't have trading report like MT4.
One thing.. my team only use this system, sometimes fibonaci, and the chart in my windows is TF h1,h4,d1, and w1.

I hope you all will find the best system that suite your trading style..

-Madito-
  • #1,884
  • Apr 11, 2008 10:32am Apr 11, 2008 10:32am
Anyone caught this ? I was at a customer office so i could not trade (anyway we are friday so it's never a good idea to trade on friday but you can have good surprises from time to time )

Only TF that was conflicting was H1, H4 was so so i must admit but a break of the BB is always a good sign for a breakout.

If i had made this trade, i would have taken it @ 13:30 and not on the previous signal but this previous signal was valid.
Attached Images
  • #1,885
  • Apr 11, 2008 11:13am Apr 11, 2008 11:13am
Hi ! I nearly took it. was at work and entered short at 10:45 but trade was against me 20 pips and i had no time so i closed it . This would have been great. If I would have stayed in all loosing positions yesterday which cost me 290 € I could have exited with a win today. But thatīs just IF you never know that before.

Melpheos, why would you have taken the second signal at 13:30 and not the one before ??

I really want to understand how you make trading decisions.

eyeballing the GY charts of last days 4H signals seem to be quite reliable, but i couldnīt deal with the drawdown.

Live trading is definitely a lot diffrent from demo! On demo I would have stayed in yesterdays trades and wait for the 4H stoch to turn down.
But thats too dangerous for live trading i think.
  • #1,886
  • Apr 11, 2008 11:30am Apr 11, 2008 11:30am
Quoting DanFX
Hi ! I nearly took it. was at work and entered short at 10:45 but trade was against me 20 pips and i had no time so i closed it . This would have been great. If I would have stayed in all loosing positions yesterday which cost me 290 € I could have exited with a win today. But thatīs just IF you never know that before.

Melpheos, why would you have taken the second signal at 13:30 and not the one before ??

I really want to understand how you make trading decisions.

eyeballing the GY charts of last days 4H signals seem to be quite reliable, but i couldnīt deal with the drawdown.

Live trading is definitely a lot diffrent from demo! On demo I would have stayed in yesterdays trades and wait for the 4H stoch to turn down.
But thats too dangerous for live trading i think.
Because if you look on the M30 chart, the price has not broken the previous resistance zone and i fact rebound on the start of the resistance zone.

Of course, you can say that price has broken the 201.24-201.34 resistance zone that would also be a valid argument and that why i said the 12:30 signal was valid as well but i prefer to take high reliability trades.
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  • #1,887
  • Apr 11, 2008 11:40am Apr 11, 2008 11:40am
So you look for support/resistance levels on all timeframes ? And if price is near a S/R level on ANY tf you wait for price to brake it before you enter ?

Or do you just monitor those resistances on the shorter timeframes ?

Never took care of that...maybe I should
  • #1,888
  • Apr 11, 2008 12:00pm Apr 11, 2008 12:00pm
Quoting DanFX
So you look for support/resistance levels on all timeframes ? And if price is near a S/R level on ANY tf you wait for price to brake it before you enter ?

Or do you just monitor those resistances on the shorter timeframes ?

Never took care of that...maybe I should
Yes, i encourage you to have a look on the peak & valley of Kharvell : http://www.forexfactory.com/showthread.php?t=62141

That's a good system system as well...
  • #1,889
  • Apr 11, 2008 12:38pm Apr 11, 2008 12:38pm
Ok had a quick look. But how can u use this S/R levels on all timeframes ?
There wouldnīt be many trades i think.

For my understanding it is looking for peaks and valleys in the TF your trading in. So if im looking for a trade on 15min chart i wouldnīt consider Those Peaks and Valleys from the one hour chart.

Am I getting something wrong here ?
  • #1,890
  • Apr 11, 2008 1:08pm Apr 11, 2008 1:08pm
Quoting DanFX
Ok had a quick look. But how can u use this S/R levels on all timeframes ?
There wouldnīt be many trades i think.

For my understanding it is looking for peaks and valleys in the TF your trading in. So if im looking for a trade on 15min chart i wouldnīt consider Those Peaks and Valleys from the one hour chart.

Am I getting something wrong here ?
I'm not using all TF resistances but when they are obvious i use them. You know everyone has to build his own system in fact.

I think Boxinislife uses only stochastic but i prefer to add peak/valley and resistance/support and a bit of BB but not trend lines.

Someone else will use trendline which also works.

You just have to feel at ease with your strategy. A friend of mine never succeeded with Stochastic (he even blew an account i think but as you can guess, MM was also a big part of the blow up ) but recover like crazy scalping with Kolachi and Linuxtroll.

I tried linuxtroll but i just cant feel this kind of price action and it requires a lot of screentime.

Some people succeed with moving average.

Dont hesitate to go back to demo and focus on your MM. Open an account the size of your real account and try to trade it like it was for real (using stops in function of your maximum risk/trade, limited size lot and limited number of pair - do not use GY, GU or GCHF, those pair are stressfull )
  • #1,891
  • Apr 11, 2008 2:10pm Apr 11, 2008 2:10pm
Quoting melpheos
Anyone caught this ? I was at a customer office so i could not trade (anyway we are friday so it's never a good idea to trade on friday but you can have good surprises from time to time )

Only TF that was conflicting was H1, H4 was so so i must admit but a break of the BB is always a good sign for a breakout.

If i had made this trade, i would have taken it @ 13:30 and not on the previous signal but this previous signal was valid.

Yes. And made a shitload.

CB.
  • #1,892
  • Apr 11, 2008 2:48pm Apr 11, 2008 2:48pm
I keep saying that I'm going to trade that pair one of these days but never get around to doing so. Seems like once you get to know that pair, it's pretty fun trading it. Dan, I know what you mean about the drawdowns. The trick is to enter the high probability trades and then just trust your system.
  • #1,893
  • Apr 14, 2008 12:32am Apr 14, 2008 12:32am
This looks like a good start +30 atm
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  • #1,894
  • Apr 14, 2008 2:42am Apr 14, 2008 2:42am
Hi, Melpheos

Could you give me an help, pls ?

Look at the chart I herejoin. I can't understand why it's quite different from the chart you just posted (the stochastic indicators). TIA

Best regards

BBF
Attached Image (click to enlarge)
Click to Enlarge Name: Chart04 Apr. 14 11.34.jpg Size: 213 KB
BigBlackfeet Always on the(forex) war path !
  • #1,895
  • Apr 14, 2008 3:14am Apr 14, 2008 3:14am
I think you use the main line when i use the signal line with smooth.

Exited partially my trade @ +30 pips and the rest @ +10 ...

Could have been better with the break of the resistance zone of 198.43-198.63. Now the small down trend is broken...
  • #1,896
  • Apr 14, 2008 6:17am Apr 14, 2008 6:17am
Hi, Melpheos

Thanks, you've been very kind. I changed the settings per your answer... It's better ... but not exavtly the same ???

Would you mind sending me your .tpl ? TIA

Best regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #1,897
  • Edited 6:43am Apr 14, 2008 6:23am | Edited 6:43am
Quoting BLACKFEET
Hi, Melpheos

Thanks, you've been very kind. I changed the settings per your answer... It's better ... but not exavtly the same ???

Would you mind sending me your .tpl ? TIA

Best regards

BBF
If the trend is not down, it is up (or sideway but i'm speaking of the trend in the current situation)... Just follow the signals ^^ +130, no profit taken yet on this one.

And here is a partial template (just a simple one for screenshot purposes)

Edit : some profit taken @ +150
Attached Image
Attached File(s)
File Type: tpl sexystoch melpheos.tpl   2 KB | 881 downloads
  • #1,898
  • Apr 14, 2008 6:42am Apr 14, 2008 6:42am
Melpheos,

If you get a chance could you please post a picture of the chart at the EXACT time of entry along with what your stop was. Thanks and nice trade.
  • #1,899
  • Apr 14, 2008 6:50am Apr 14, 2008 6:50am
Quoting soce
Melpheos,

If you get a chance could you please post a picture of the chart at the EXACT time of entry along with what your stop was. Thanks and nice trade.
I allmost did that on the previous trade (taken @ 10:15, posted 10:30 )

The previous trade was taken @ 14:19 (my time GMT+1) if you need the timestamp

It was a bit early but successfully took the bottom (i remind you that i have a failure rate of 70% on this kind of trade )

BTW, compare my last trade with this trade http://www.forexfactory.com/showpost...postcount=1860

When you get to understand price action, you can sometime take trade before the market even know that it will continue the trend (and you can also sometime fail miserably :-/ )
  • #1,900
  • Apr 14, 2008 7:09am Apr 14, 2008 7:09am
so you did trade down before you traded up? i am pretty sure I would have gotten in on the first move DOWN at the very bottom and gotten stopped out. I am not sure how you got in that move down and made pips, if I wait for the signal I typically get killed. I guess I need more practice.
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