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bringin sexy back - stochastics

  • #2,041
  • May 22, 2008 9:21am May 22, 2008 9:21am
Quoting traden4x
The first thing I see is that the USDCHF 30 min was on the 2:30 candle meaning 3:00 time of close, when looking at the 5min chart for timing, look at the 2:55 candle for where stoch's are at for it. With this or any other system, I believe in multiple time frame confirmation. The 30 min may be your chart time frame (TF) for trade setup, but i always look to a shorter TF chart for entry as I look to see if there has been any change to the trend.

i see..so you saying wait 25 mins after the cross for entry on the 5 min candle 5 min before close of 30 min candle?.........doesn't this mean that you will often miss the move? how do you know if the move is already over?
cheers
kim
  • #2,042
  • May 22, 2008 9:21am May 22, 2008 9:21am
Quoting kimmy
great ......did you use 15 min for entry?
No, kimmy. I used 5 mins tf to enter.
  • #2,043
  • May 22, 2008 9:23am May 22, 2008 9:23am
Quoting kimmy
i see..so you saying wait 25 mins after the cross for entry on the 5 min candle 5 min before close of 30 min candle?.........doesn't this mean that you will often miss the move? how do you know if the move is already over?
cheers
kim
No, I'm saying that on the 30 min, you marked the 2:30 candle which is the 2:55 5min candle.
  • #2,044
  • May 22, 2008 9:26am May 22, 2008 9:26am
Quoting Blue bottle
No, kimmy. I used 5 mins tf to enter.

could you show me please blue bottle ?
  • #2,045
  • May 22, 2008 9:26am May 22, 2008 9:26am
Quoting traden4x
No, I'm saying that on the 30 min, you marked the 2:30 candle which is the 2:55 5min candle.
ok.............did you think it was a bad setup?
  • #2,046
  • May 22, 2008 9:27am May 22, 2008 9:27am
Quoting kimmy
hi sonic no i am master of nothing ha ha .....except losing trades !!!
this system looked very simple and is aimed at higher timeframes too which is what i am looking for but so far i have just had losing trades
ofcourse i am being impatient as always and went straight onto real account but the setups looked good to me ....but i guess i ahve still much to learn.
how are you doing?
cheers
kim
am reading these book...and it is just gr8...

http://www.amazon.com/Profitable-Can.../dp/047102466X

sonic
  • #2,047
  • May 22, 2008 9:36am May 22, 2008 9:36am
Quoting kimmy
ok.............did you think it was a bad setup?
Closed my trade at 12 pips profit.

Pls see attachment for 5 mins and 1 hr chart.
Attached Image(s) (click to enlarge)
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  • #2,048
  • May 22, 2008 9:41am May 22, 2008 9:41am
Quoting kimmy
ok.............did you think it was a bad setup?
Kim,
It looks like you entered the trade around 1.0234, now that isn't off of the 30min signal or the 5 min timing entry. That is the first thing I see. The next part is you ask about exits or when a trade has failed. I believe in and use HH's/HL's/LL's/LH's for a lot of this to make sure I'm with the trend. The last pic shows you in the trade long after price has violated these to the long side. I will maybe try to do a recording describing my thoughts, takes way to long to type.
  • #2,049
  • May 22, 2008 12:00pm May 22, 2008 12:00pm
any thoughts about this as a long ?
Attached Image(s) (click to enlarge)
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  • #2,050
  • May 22, 2008 12:18pm May 22, 2008 12:18pm
Quoting traden4x
Kim,
It looks like you entered the trade around 1.0234, now that isn't off of the 30min signal or the 5 min timing entry. That is the first thing I see. The next part is you ask about exits or when a trade has failed. I believe in and use HH's/HL's/LL's/LH's for a lot of this to make sure I'm with the trend. The last pic shows you in the trade long after price has violated these to the long side. I will maybe try to do a recording describing my thoughts, takes way to long to type.

yes traden i got in at 102.38......i don't understand what you mean about it not being off of the 30 min signal or 5 min?......i looked for a cross on 30 min and saw that 4 hr confirmed trend then i checked 5 min and it had also crossed and was heading up so i went long.

what did i miss???
thanks for your help i know that it can be time consuming so any little bit is very much appreciated. also i have had PMs from other people who don't seem to want to post here but say that they are learning from my posts....so you are reaching more than just one person

cheers kim
  • #2,051
  • Edited 1:42pm May 22, 2008 1:16pm | Edited 1:42pm
Quoting kimmy
yes traden i got in at 102.38......i don't understand what you mean about it not being off of the 30 min signal or 5 min?......i looked for a cross on 30 min and saw that 4 hr confirmed trend then i checked 5 min and it had also crossed and was heading up so i went long.
cheers kim
I am making a WMV now and will give a review of what I see.
Sorry folks, the zip file is to large to upload.
  • #2,052
  • May 22, 2008 5:39pm May 22, 2008 5:39pm
Hi,
Just found this thread and can somone that is used to this thread pls lead me to the most detailed post(s) of this system if post 1 have been updated some where. I will appreciate it alot but that would still not stop me from reading the whole thread but just to have the rules at hand why reading so as not to start asking questions that has been asked and answered.
Thanks.
Alnames.
  • #2,053
  • May 23, 2008 2:12am May 23, 2008 2:12am
Quoting traden4x
I am making a WMV now and will give a review of what I see.
Sorry folks, the zip file is to large to upload.

Hey Traden

thanks so much for your email it really has helped me see things more clearly..i think that i been looking too much at just the stochs and not paying enough attention to the position of the candles too.

if it wasn't obvious to any other noobs in here where i went wrong with that usdchf trade then you may want to take a look at what traden sent me.
if you are interested PM me with your email address and i will send it to you.

Happy pipping

p.s. traden i love your accent what part of the US is that from ?
  • #2,054
  • May 23, 2008 4:02am May 23, 2008 4:02am
Hello All!

I have been a follower of this thread for some time, and used to be a semi-regular poster. I hope to rejoin the posting if you don't mind!

I just took this trade about three minutes ago. Low risk with a 15 pip stop...we'll see how it plays out...

Glen
Attached Image
  • #2,055
  • May 23, 2008 5:36am May 23, 2008 5:36am
Quoting prosperfx
Hello All!

I have been a follower of this thread for some time, and used to be a semi-regular poster. I hope to rejoin the posting if you don't mind!

I just took this trade about three minutes ago. Low risk with a 15 pip stop...we'll see how it plays out...

Glen

hi prosperfx

can you explain why you entered short when the 5 stoch is pointing up ?
cheers
kim
  • #2,056
  • May 23, 2008 5:38am May 23, 2008 5:38am
Hi guyes doing much better today .....maybe i am getting the hang of things ??

eurchf short +20
usdjpy short +35

happy pipping

p.s. all of you who pm'd me i will sending off emails to you now
  • #2,057
  • May 23, 2008 6:36am May 23, 2008 6:36am
Quoting prosperfx
Hello All!

I have been a follower of this thread for some time, and used to be a semi-regular poster. I hope to rejoin the posting if you don't mind!

I just took this trade about three minutes ago. Low risk with a 15 pip stop...we'll see how it plays out...

Glen
Welcome back.
  • #2,058
  • May 23, 2008 6:54am May 23, 2008 6:54am
Hi all,

I am entering short at both AudUsd and EurGbp by H4 tf setup. Pls feedback if anything is wrong in my setup and entry. Thanks.
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  • #2,059
  • May 23, 2008 7:22am May 23, 2008 7:22am
Quoting Blue bottle
Hi all,

I am entering short at both AudUsd and EurGbp by H4 tf setup. Pls feedback if anything is wrong in my setup and entry. Thanks.
Both entries look a little early to me based purely on the 4H TF, the stochastics look like they still have some way to rise

Andy
  • #2,060
  • May 23, 2008 7:41am May 23, 2008 7:41am
hi all.........entered long off 30 min chart
Attached Image (click to enlarge)
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