bringin sexy back - stochastics

I think it would be a good idea for us to start posting potential trade setups so that we can all learn from one another. Gives each other more confidence I feel. I took +68 pips from this baby this morning and when she climbs back to the top and turns down like the 4hr, I'll be going at it again.

currently watching this GBP/JPY 4 hour that may signal after a retest of the trendline - I am looking at the lower timeframes for early entry opportunities

Did u place the trade yet?

Unfortunatly, no entry shown on the 275 pips move on GY today.

Melpheos, do you normally trade the 15m or 30m on that pair? I'm loving this eurjpy and gbpusd. I've dumped the eurusd for these.

Yes I entered short at 205.68. It was not a sexy stoch entry although the direction of the longer term stochs on the 4 hr chart contributed to my decision.

So how did it work out for you?

im still in. price is around 205 atm after getting into the low 204's. Ive moved stop to breakeven which will be a bit tragic if hit giving over 100 pips back but I am holding out for 202

I have to dump sexystoch because of the lack of time i have with my work and will focus on a different strategy based solely on price action with daily candle.

My account is big enough now to handle the 100+ pips stop this kind of trade requires from time to time.

Missed this trade by 4 pips Short you should read after the pin bar... Should have brought 350 pips

Melpheos, good to hear from you. I cannot wait until my account is big enough to handle 100+ DD's All I can say is "WOW". Good luck my friend.

To be more precise, the SL depends more on the lot size than on the number of pips...

The idea is to keep the risk/trade low but still making enough money.

I started with 5% but now i'm down to 1.5% per trade and i will feel even more at ease with 1%. The bigger the account, the lower risk you can take by trade but making enough money.

So you can have a SL of 50 pips which can be riskier than a 100 pips SL if the risk/trade for the 1st one is 5% while then risk/trade is 2% for the second.

This is a strategy i'm testing right now for one week and a half with 0.1 lots. +2% last week and looking very good this week too (this is on demo account but using very precise rules )

Hi ,
look at this , in 10 minutes got 100pips on G/J

1D , 4H and 1H was in great setup , did not see so nice setup for long time

The screenshots are horrible but the setup was definitly very nice

For people who dont have time or dont want to trade full time, PA applied on daily chart works just great.

Im with you. Ill be too busy for intra day for a few months, so I decided to go with PA on daily charts. Ive got a feeling it is going to save alot of headache the intraday volatility and indecision can cause. I was thinking of crashing the J16 thread for a while

Check this out
Stick to stochastics and trade only good signals
almost stresless and easy
just be patient and ull find great setups

All 3 main timeframes give strong Short signal :

Hi..hmmm 1000 posts and I'm up to 500 ...and yes Ive read every one lols.

Im moving over from day trading Index futures with interactive brokers because I was getting dispondant with the lack of volatility in the Index Futures mkts plus...they all look the same at any given time..

With Forex I have doz to choose from and when I stumbled across this post I was really impressed esp by read 500 as the basic principles of the system hadn't changed..which for me denotes a rock solid system

I'm no novice and realize you get losers..Ive been trading losers for 8 years lols..but my winners are bigger and more frequent so i win over all.

I want to say a big thanks to boxingislife for sharing his thought help advice...allot of guys wouldn't of done it with a system like this believe me.

Another big thanks you for their help from what I read so far to Melpheos,and Moonchild and all the other poster who I havnt mention who contribute to try and give us traders an edge in the markets.

Ive stuck to the basic template as in post 1 but have downloaded bundles of indictors and pdf files to keep as a libary on this system.

Im an aggressive trader have been for years Ive been looking at just the 5min time scale and do not compare to others when I make my trade.I look for one set up only ..

I have my work space set up with

GBPUSD
EURUSD
AUDUSD
USDCHF
USDJPY

Yest I had 13 trades ( old habits die hard ) 10 wins 3 losers net pip gain 170 pips.

I have the 100..30...100 stoch on my chart and one things I have noticed since using the system ( A whole week ..cough cough ) is 2 of my losers looked perfect set up apart from the fact that the 100.30.100 was going against the shorter term... thought Id mention it.

Anyway I will work my way through the other 500 ..this is a cracking system and any new trader that comes across it is very very lucky indeed as I'm convinced it will save months and months of experimentation and losses as they try to perfect their trading ideas and techniques.

Thanks for the open way you guys post..I don't often see it in the Index Futures arena ..traders tend to keep ideas close to their chest

Paulus

Paulus,

This system is rock-solid I've traded it for months now and it works. One thing that I want to point out is the necessity of checking with the higher timeframes. I know that 60% of the time a setup on the 15m chart looks perfect and works out perfectly. However, it's been mine and others' experiences that checking with the higher timeframes solidifies your trades and almost guarantees your winners. I prefer to trade off the 30m chart and check to make sure it's in sync with the 4hr. Like Boxing says, why trade off the 15m for a small move when you can chase the bigger moves off the 30m charts. Also, it's easier for a move on the 15m to get turned around than it is for one on the 30m or 1hr. Kinda like the difference between stopping a bike versus a car or bus Hope the best for you!

Hi JD

yep I guessed as much.. Ive used it for a week and wowser..I hear what your saying about the 15 and 30 but to me thats almost investing lols..

Ive been a day trader for 5 years out of my 8 and until recently was still knocking out 15 trades a day and loved it.

I can logically see what your saying about the longer term trades getting your 50-100 pips and the tanker effect of a long term trend turning...but I loved to nip in and out taking 20 pips a time..several times a day i feel involved and part of the market.... it takes all sorts lols

Im also trading eod on my own system in the trading journal part of this BB so thats giving me my longer term trades atm...but desperately needed to get the buzz of day trading this Forex beast and this hopefully has given it to me.

Il wack another post in next week to let you know how i get on and over the next few months may well migrate over to the longer term trading view but for now I just want to get stuck in

Looking back 1 or 2 pages I notice only 2 stoch lines now...in the posts 500-1000 has it changed..

Paulus

No no, it has allways been 3, short, medium and long term...

Hi all,

Seems like UJ is forming nice setup at H4 tf.

Anybody agree with me??