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bringin sexy back - stochastics

  • #221
  • Feb 3, 2007 5:10pm Feb 3, 2007 5:10pm
ur welcome bagovino
yep its all about picking the best trades and ull always come out a winner with lots of pips

speaking of atr, im tryin to add somethin to determine volatility a little bit. it wont be affecting my strategy(i wont base my trades and decisions off of it) but it would be a nice visual and a way of knowing when to expect action. so i think the atr would be a good choice and bollinger bands and even i read this somewhere both bollinger bands and keltner channels and when the bb are inside the keltner channels or somethin like that to expect some serious action.
you think the atr would do the job?
  • #222
  • Feb 4, 2007 3:52am Feb 4, 2007 3:52am
Quoting boxingislife
ur welcome bagovino
yep its all about picking the best trades and ull always come out a winner with lots of pips

speaking of atr, im tryin to add somethin to determine volatility a little bit. it wont be affecting my strategy(i wont base my trades and decisions off of it) but it would be a nice visual and a way of knowing when to expect action. so i think the atr would be a good choice and bollinger bands and even i read this somewhere both bollinger bands and keltner channels and when the bb are inside the keltner channels or somethin like that to expect some serious action.
you think the atr would do the job?
look my charts, i allways have BB on them

I also added ADX but i need to look a bit more on them to determine something as an addition to your method
  • #223
  • Feb 4, 2007 4:14pm Feb 4, 2007 4:14pm
ehh im bored so i thought id leave u guys with somethin dreamy and a potential veeeeryyyyyyyy looooooooooonnnnnnngggggg teeeeeeeermmmmmm trade.

imagine if u took those 3 trades on the cad. each worth a couple hundred pips umm actually each worth about 1000 pips roughly lol. its nice to dream. but who gives a shit right? were kickin ass on the smaller timeframes

now check out the last rectangle. all 20 50 100 below 20. trend is very very down. 5 very overbought with reverse divergence. if price consolidates around current levels then i think its going down to 1.10-1.05 even lower in the next few months. not tellin u to trade off the monthly chart coz its tricky and risky and u need massive can i borrow some money sort of stops but if it starts heading back down it could be worth trading off the daily chart and get in and possibly ride a massive downtrend.
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  • #224
  • Feb 5, 2007 8:20am Feb 5, 2007 8:20am
around 150 pips today on gbpusd eurusd and gbpjpy. could have gotten more but im done for today although theres some nice setups on the 15 min gbpusd
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  • #225
  • Feb 5, 2007 3:19pm Feb 5, 2007 3:19pm
Quoting boxingislife
around 150 pips today on gbpusd eurusd and gbpjpy. could have gotten more but im done for today although theres some nice setups on the 15 min gbpusd
could not trade them even i wanted to, i was on in Ireland on a private jet

hehe i wish one day i can pay those kind of trip thanks to forex, who knows

i gave a try on long EURGRP, slope is not very sharp but i'm experimenting

i also gave a shot on short on USDCAD (second picture based on the BB trading technique developped here as well http://www.forexfactory.com/showthre...t=15733&page=7
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  • #226
  • Edited 5:29am Feb 6, 2007 5:13am | Edited 5:29am
Quoting boxingislife
ur welcome bagovino
yep its all about picking the best trades and ull always come out a winner with lots of pips

speaking of atr, im tryin to add somethin to determine volatility a little bit. it wont be affecting my strategy(i wont base my trades and decisions off of it) but it would be a nice visual and a way of knowing when to expect action. so i think the atr would be a good choice and bollinger bands and even i read this somewhere both bollinger bands and keltner channels and when the bb are inside the keltner channels or somethin like that to expect some serious action.
you think the atr would do the job?
HI THERE BOXINGISLIFE

in direct answer to your question, i have taken your strategy , and put it along with another indicator "directional movement adx" . this gives volume indication .
the opportunity of catching a trend in the making is best when the adx line has reset itself by going under a reading of 20 (however, gbp usd is more reliable to just dip under . some other pairs do not dip below before heading back up again) , and then waiting for it to break out again. then using YOUR stochastic 5;3;3 for a pullback entry . (you can put this stoch on the adx as well) also the 9 &34 moving average could be on the main part of the chart for another visual confirmation of a breakout
i colour my di positive and negative lines green and red for easy understanding . admittedly , i do not trade anything less than 30min charts . my fave is 2hr . so the perfect scenario would be waiting for the adx to break out from below 20, and the 9 &34 moving averages to cross as well .then wait for stoch 5.3.3 to register a pullback
to jump in .your exit points could either be when that stoch crosses back again , or when the adx line starts to head back down (a few more pips for your money!!!!!). but sometimes even then , you miss out on quite a few pips because it still carries on after the adx is heading down . so you could leave the exit until price crosses back a few pips over the 34 moving ave . the choice of risk is yours . you will get better results when adx is heading up , rather than heading down
p.s i would post a chart , but my computer has internal issues at the moment
which i am trying to rectify asap.
  • #227
  • Feb 6, 2007 6:46am Feb 6, 2007 6:46am
thanks for the info mcdonnellc. ill give it a shot and see how it looks.

perfect gbpusd 1h trade at the reversal bar. then the 15 min provided opportunities to add to ur position for some nice pippies. also the eurusd 15 min u coulda got an easy 25 or so pips. just today that equals around 100 if u traded boith gbpusd and eurusd. we had guests this morning and i didnt get a chance to trade but i met an amazing girl so its all good.
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  • #228
  • Feb 6, 2007 2:15pm Feb 6, 2007 2:15pm
Quoting boxingislife
thanks for the info mcdonnellc. ill give it a shot and see how it looks.

perfect gbpusd 1h trade at the reversal bar. then the 15 min provided opportunities to add to ur position for some nice pippies. also the eurusd 15 min u coulda got an easy 25 or so pips. just today that equals around 100 if u traded boith gbpusd and eurusd. we had guests this morning and i didnt get a chance to trade but i met an amazing girl so its all good.
i said many time that i used ADX :-p
  • #229
  • Feb 6, 2007 9:51pm Feb 6, 2007 9:51pm
Firstly, boxingislife thanks for sharing a very powerful trading plan.

For my first post at ForexFactory I have made an indicator to assist those using this method.

It is an alarm. When the quickest stochastic changes to a new trend which agrees with both the longer stochs an alarm will sound. The alarm should sound each tick for the period of the candle so long as the conditions are still met.

With the default settings the alarm only works when the fastest stoch:

1. Candle 0(the candle being formed) is indicating a new trend

2. Candle 1(the last complete candle) is indicating a new trend(the crossover)

3. Candle 2(the 2nd last complete candle) is indicating the old trend

When the alarm sounds a check of the expert box in the terminal window will indicate which currency, timeframe and direction is alarming.

Any problems with it please let me know. I don't proffess to be a coder but I am willing to give it a go.

Short of an ea I think this alarm will help an already solid approach.
Attached File(s)
File Type: mq4 Sexy Stochastics Alarm v1.mq4   4 KB | 907 downloads
  • #230
  • Feb 7, 2007 12:19am Feb 7, 2007 12:19am
I have got 5 charts per currency set up, from 5m to 4H, using two currencies. Anyway the constant alarms are driving me crazy. I already had the option to turn the alarm off but now I have included a print function. Otherwise if an alarm goes off and I don't like the look of the setup I can turn the alarm off that particular time frame and currency. But it gets hard to keep track which chart has the alarm turned off or on.

So now it will let you know if the alarm is off in the terminal expert section.

This is an indicator not an expert.
Attached File(s)
File Type: mq4 Sexy Stochastics Alarm v2.mq4   4 KB | 1,228 downloads
  • #231
  • Feb 7, 2007 1:24am Feb 7, 2007 1:24am
How do this setup look ?
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  • #232
  • Feb 7, 2007 3:26am Feb 7, 2007 3:26am
waltini1:

thank you very much for the alarm. i honestly wont be using it because ive just been watching a 15 min and 1 h gbpusd and a 1h eurusd and gbpjpy occasionally other pairs and timeframes but im tryin to stick to the lowest number of pairs and timeframes because it brings less stress so its fairly easy for me to keep track. but as for the other guys who are trading alot of different pairs and timeframes this could help especially if ur not near the computer or sittin watchin tv with ur laptop next to u
thanks again waltini

epiphany:

its a good setup but not the best. the 20 and 50 are flat now and well price has been ranging on the 4h so if i were u id trade off the 1h or 15 min so u can catch those smaller trends since theres no clear trends on the bigger time frames.
  • #233
  • Feb 7, 2007 8:59am Feb 7, 2007 8:59am
Quoting boxingislife
epiphany:

its a good setup but not the best. the 20 and 50 are flat now and well price has been ranging on the 4h so if i were u id trade off the 1h or 15 min so u can catch those smaller trends since theres no clear trends on the bigger time frames.
Thanks for the feedback boxing.
At the time the seperation on the 20 and 50 looked ok but in hindsight the 100 was flatter than a pancake. Since I'm looking at the 4H perhaps I should look at the 100 for confirmation.
  • #234
  • Edited 10:20pm Feb 7, 2007 9:06am | Edited 10:20pm
This set up looks as though it has possibilities although it is not a pair that I normally trade.

This trade resulted in 46 pips. Not bad at all.
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  • #235
  • Feb 7, 2007 12:17pm Feb 7, 2007 12:17pm
getting 35 pips from this setup
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  • #236
  • Feb 7, 2007 4:52pm Feb 7, 2007 4:52pm
Quoting boxingislife
this is gbpjpy daily. lookin good for a move up. price consolidated. 20 and 50 moving up and overbought same with 100. 5 pulled back and crossed while price is consolidating. if this daily bar closes near the current price or a bit above then it would look really good when it comes to the 5. basically it would be moving up. my stop is about 40 pips coz i entered according to the 1h chart but this trade could bring at least 240.50-241 in the next few days if it works out. the 1h chart looked nice with 20 and 50 trending up the 5 crossed but i didnt enter the first time because of weird price action but then it crossed up again and i entered. if it breaks higher tonight ill add some more and it should be a nice move up.
Is it my imagination or do the 50 and 20 serve no useful purpose when looking at the daily charts? It seems that signals from the 5, when moving from the overbought/oversold direction will indicate good trades regardless of what the 20 and 50 are doing. If they align with one another it seems like coincidence. I'm wondering if perhaps the settings should be altered for this time frame..? I like the simplicity of this method, but I'd have to stick to daily charts.

Jason
  • #237
  • Feb 7, 2007 6:26pm Feb 7, 2007 6:26pm
Quoting waltini1
Firstly, boxingislife thanks for sharing a very powerful trading plan.

For my first post at ForexFactory I have made an indicator to assist those using this method.

It is an alarm. When the quickest stochastic changes to a new trend which agrees with both the longer stochs an alarm will sound. The alarm should sound each tick for the period of the candle so long as the conditions are still met.

With the default settings the alarm only works when the fastest stoch:

1. Candle 0(the candle being formed) is indicating a new trend

2. Candle 1(the last complete candle) is indicating a new trend(the crossover)

3. Candle 2(the 2nd last complete candle) is indicating the old trend

When the alarm sounds a check of the expert box in the terminal window will indicate which currency, timeframe and direction is alarming.

Any problems with it please let me know. I don't proffess to be a coder but I am willing to give it a go.

Short of an ea I think this alarm will help an already solid approach.
Can you please add pop of windows?
Regards
  • #238
  • Feb 7, 2007 10:03pm Feb 7, 2007 10:03pm
Again, a big thank you to Boxingslife for this contribution. This is what was missing from my trading tool box. I can't thank you enough man! My trading has gotten so much better.
Anyway, I just wanted to add the importance of drawing trendlines on weekly, and 4 hr charts. Both support and resistance. I pulled a nice 70 pip trade on the Euro the other day when price came down to the support trend line, which happened to also be a Fib line as well.... Then the signal came from the Stoch and we took off!!! I even got the perfect exit as it stalled at the upper trend line. Which is where it happens to be at this moment.
It's something called confluence people... Learn and prosper.


Bagovino
"Skills pay the bill's!"
  • #239
  • Feb 8, 2007 6:08am Feb 8, 2007 6:08am
Quoting bagovino
Again, a big thank you to Boxingslife for this contribution. This is what was missing from my trading tool box. I can't thank you enough man! My trading has gotten so much better.
Anyway, I just wanted to add the importance of drawing trendlines on weekly, and 4 hr charts. Both support and resistance. I pulled a nice 70 pip trade on the Euro the other day when price came down to the support trend line, which happened to also be a Fib line as well.... Then the signal came from the Stoch and we took off!!! I even got the perfect exit as it stalled at the upper trend line. Which is where it happens to be at this moment.
It's something called confluence people... Learn and prosper.


Bagovino
good point, especially for resistances.

Here is what i've done this morning and yesterday at night

For swissy open this morning at 8h12 1.2447 TP reached at 1.2480 1h30 after for a nice 33 pips
For €/CHF open last night @ 11h24PM 1.6155 TP reached 1.6219 this morning @ 10h for a wooping 64 pips (i know it's even getting higher now but i set my TP last night and couldn't look at the curve before now )

Allready around 100 pips today
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  • #240
  • Feb 8, 2007 8:29am Feb 8, 2007 8:29am
Quoting jlowder
Is it my imagination or do the 50 and 20 serve no useful purpose when looking at the daily charts? It seems that signals from the 5, when moving from the overbought/oversold direction will indicate good trades regardless of what the 20 and 50 are doing. If they align with one another it seems like coincidence. I'm wondering if perhaps the settings should be altered for this time frame..? I like the simplicity of this method, but I'd have to stick to daily charts.

Jason
the daily is a completely different story. ill be honest taking trades off the daily is hard and confusing and tricky and even if im gone non stop id rather take trades off the the 4h. so first of all if u can do that then do it and trust me the 4h is great and it gives u plenty of time to enter a trade and exit a trade and it moves in big amounts. but if u have to trade the daily then yea i guess u can just trade off the 5 stoch with confirmation from 20 and 50 but i mean the settings are fine but what i see is the really good setups are very rare and u usually need to look for reversal bars, pin bars, hidden divergence and things like that and either way ur gonna have a big stop. sorry i really dont trade the daily often or anything i just look at it sometimes for trend direction. but i hope this helps. another thing u can do is wait only for the peftect setups and trade like 10 different pairs. im sure the perfect setup will happen on a pair fairly often
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