The Art of Trading with MTF Stochastics

Here's another one I'm watching. I'm hoping the 15/30 come down a little more before turning up and the 1h as well since it's too high for what I normally trade. 4h is in an uptrend crossing from below 20.

I have been trading this for the past several months and an quite pleased with the results.

Well guys, if anyone took either of those two trades I posted when the 15/30 stochs turned up, you would be in profit. A nice 50+ move on the gbpusd and at least 25+ on the other one.

Here's yet another setup forming.

Edit: I rode the 15m up to around 76.4 and then got out at +2.4 because the other stochs didn't follow. And as you would expect, it turned back and went to meet the 30m/1h which have also turned south as well. The 4h is still up overbought and flat. I'm in wait and see mode on this one.

Anyone care to chime in on this one? I'm watching it close, wanting to make it my last trade for the morning actually. I'm waiting on the bottom stochs to turn up for a classic "diving away from" trade. Still waiting on some other sexy setups to solidify.

gbpaud

big mover

an up bar just closed and the current 4h bar hasnt taken off yet. its in pullback mode
check the 30 min or any smaller timeframe than the 4h for a pullback then buy that way ull get a better price and less drawdown but if u enter now ull need a wider stop.

Can someone tell me why I don't have certain pairs in my MT4 setup? The pair that Boxing posted above does not show up in my list of pairs.

Edit:: never mind, I figured it out.

Anyone took any trades today? Profits? losses? I took one that I knew I should've avoided. $10 loss..minor but I don't like to lose any money really.

Hello JD,

I took 3 this morning, between 08:00 and 12:00 GMT, 1 short +13 pips and 2 long +10 pips each all in G/J and net of spread so not too bad.

Hey Merlyn! What strategy/setup did u use?

Does anyone trade during the Asian session? if so, what pairs? I'm in Texas, CST so kinda tell me what hours that would be for me.

Hello JD,

I use Woodie's CCI method to enter and exit on M5 charts having determined the long, medium and short term trends using Spud's MTF Rope theory. The following may help.

Glenn5t,

In your earlier posts you had 2 hour MAs on a 1 Hour chart. Could you please tell me how you did this or if there is an indicator that allows for this?

thanks
chuchu

This week I was more selective....end result 2 trade 2 small wins

come next week I'll practice another setup...
- determine to be a buyer or seller by looking at previous day d1 stoch
- use h1 stoch for entry (elasticity, rope, peak, sexy stoch etc)

example - see the eurusd chart. when 3 previous day d1 stoch were below or about 10 level => seller.

happy weekend!

The Asian Session begins at 7pm EST. So for Texas trading you would begin at 5pm your time. The session lasts for 8 hours.

..... is the thread still alive?


The murrey powerpoint+2word doc is very helpful if u use Murrey Math calculations!

Ref to:
http://www.forexfactory.com/showthre...=52125&page=54

IMO

3 different Stochastics on the same horizontal panel...

I recently finished everything from Spud, Boxing's thread and this thread. What I have already started using to some extent successfully is combination of different things in there/here (stochastic related).

I have one question for anyone still here. Do you use volume in any way in your strategy?

I have personally tried some conventional indicators but I always come to the conclusion that I don't need anything more than just stochastics.