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bringin sexy back - stochastics

  • #2,141
  • Jun 17, 2008 11:53pm Jun 17, 2008 11:53pm
Quoting systemofthewave
Hi gant3nk,
I like your indicator on the price chart and don't recall seeing it in this thread. What is the name of it?

Hi too. I am using hama & hama bars indicators (free) from fxcruiser. I just love seeing colors changing. I am adding an alert (arrow+beep) when there is a stoch cross on 5,3,3. It's not big deal actually, it is just there to keep me awake

there is a MA too. when the price goes below the MA, it is down trend. and vice versa. Again, give me a decision support of what to do next.

my main indicators are stochs which rules are given by boxinglife.
  • #2,142
  • Jun 18, 2008 1:38am Jun 18, 2008 1:38am
Nice Going Gantenk..... Good for u....

I have to gain confidence again, because sometimes I have become impatient to put my trade & then I put trade at wrong timing.... Another thing last day I confused with TF 5m & TF 15m... then put trade against the trend.... then I chased the trade.... Losing a lot!!....

BTW, which TF you use to actually see the trend, the cross & the trades?
Looks like u add the Haeken Ashi Indy there....

Good Luck Gantenk ....
  • #2,143
  • Edited 7:21am Jun 21, 2008 12:30am | Edited 7:21am
i have been reading this whole thread for 2 weeks and i still dont get this system very well
Quoting gant3nk
here is another one, the same night (last night). a good setup happened on eur/usd. here is the pic.

http://img2.freeimagehosting.net/uploads/b599f1a08e.gif
could you please post your template here? i would like to download it
  • #2,144
  • Jun 24, 2008 11:17pm Jun 24, 2008 11:17pm
Quoting ingridk
i have been reading this whole thread for 2 weeks and i still dont get this system very well

could you please post your template here? i would like to download it
for the past 3 days, i've got assignment outtown. hardly can online and visiting threads. do you interested on the template? okay, i'll post it here, but not now. i really have a deadline from my boss. i even cant do any trade right now. sadly.

ingridk, which part that you still dont get it about this system? i am also a starter, and perhaps i can share you a bit. anyway, boxinggg...where are you dude?
  • #2,145
  • Jun 25, 2008 2:48am Jun 25, 2008 2:48am
im here man
post pictures or questions and ill try to help
been very busy myself. some family from out of town and some new big clients that i trade for
  • #2,146
  • Jun 25, 2008 7:27pm Jun 25, 2008 7:27pm
Quoting ingridk
i have been reading this whole thread for 2 weeks and i still dont get this system very well


could you please post your template here? i would like to download it
ingridk, here you go, my template. have a try. hope you like it.
Attached File(s)
File Type: zip stoch_sexy.zip   10 KB | 1,351 downloads
  • #2,147
  • Jun 26, 2008 6:38pm Jun 26, 2008 6:38pm
Quoting gant3nk
ingridk, here you go, my template. have a try. hope you like it.
thanks,it will be very useful!
  • #2,148
  • Jun 28, 2008 5:25am Jun 28, 2008 5:25am
Hi ingridk,

This system is one of the first I had experience with when I started forex trading.

"Bringin sexy back" is a type of short-term trend retracement system. The slower stochs determine the trend direction, and the fast stoch (5,3,3) indicates where a retracement (pullback) has occurred in the opposite direction of the trend. After the fast stoch retracement has finished and it starts moving again in the direction of the trend you should enter in that direction with the expectation that the trend will continue. How long or how far is an unknown. This entry method is believed by some to lower the risk on the trade.

This is not a mechanical system, in that some experience with it definitely helps you determine the trades to get into and the ones to avoid. Boxingislife and others have shown many good examples of profitable trades in this thread that you can learn from.

Judgement gained by experience is important with this system. For example, a powerful trend wave may not give you much opportunity to enter on a small pullback - but if you can enter you can sometimes make good profits. On the other hand, a weak trend may offer a perfect setup for entry but may fizzle out without much movement. Keep working with the system and learn gradually and you will get better at seeing the difference.

Wishing you many great trades!
  • #2,149
  • Jun 28, 2008 4:10pm Jun 28, 2008 4:10pm
Quoting PistolDave
Hi ingridk,

This system is one of the first I had experience with when I started forex trading.

"Bringin sexy back" is a type of short-term trend retracement system. The slower stochs determine the trend direction, and the fast stoch (5,3,3) indicates where a retracement (pullback) has occurred in the opposite direction of the trend. After the fast stoch retracement has finished and it starts moving again in the direction of the trend you should enter in that direction with the expectation that the trend will continue. How long or how far is an unknown. This entry method is believed by some to lower the risk on the trade.

This is not a mechanical system, in that some experience with it definitely helps you determine the trades to get into and the ones to avoid. Boxingislife and others have shown many good examples of profitable trades in this thread that you can learn from.

Judgement gained by experience is important with this system. For example, a powerful trend wave may not give you much opportunity to enter on a small pullback - but if you can enter you can sometimes make good profits. On the other hand, a weak trend may offer a perfect setup for entry but may fizzle out without much movement. Keep working with the system and learn gradually and you will get better at seeing the difference.

Wishing you many great trades!
thank you a lot for the explanation ,i appreciate it
  • #2,150
  • Jul 2, 2008 3:11am Jul 2, 2008 3:11am
just now, i got 28 pips on GU. i am busy at office, but fortunately i spot a good setup. the pics is attached. anyone, share/show your result please.
Attached Image
  • #2,151
  • Jul 3, 2008 6:20am Jul 3, 2008 6:20am
Here is a way to avoid some of the bad trades and get into more good ones. It requires that you wait for the right setups -- so you get to improve your dicipline and patience as an added bonus.

Logic: First look at the 4h chart of the pair you want to trade and wait until the slow stochs are oversold -- and both the 50,10,20 and 20,10,20 have crossed the 20 line upward, or the slow stochs are overbought and both the 50,10,20, and 20,10,20 have crossed the 80 line downward.

At that point you start looking for a trade on the 1h chart and simply apply the regular Sexyback rules. The 4h chart gives you the long or short bias you will use to enter trades in the proper direction.

Look at the first chart which is the 4h and notice the zone in between the pink lines. Notice that the slow stochs are in proper relationship and are going from oversold to overbought. This is the zone where I would be looking for long trades on the 1h chart. They don't quite make it to the overbought level, but they cross at the pink line on the right so I wouldn't take any trades after this point. I would start waiting for another ob or os setup on the 4h chart again then.

Ignore all the other lines and stuff on the 4h chart for now.

Ok, look at the 1h chart. Notice the trade entries marked with the turquoise lines and the pips that would have been possible. Very good indeed! It's important to note that trades were only taken in the direction of the stochs on the 4h chart (long). That means there were two other profitable trades skipped during the period in the middle of the chart when the stochs were trending down that couldn't be taken according to this rule. The higher probability trades are with the direction of the longer timeframe.

These four trades would have netted you over 300 pips, safely, in less than a week.

Take a good look at this example and you will understand the basics of making money with this system. All the trades don't work out this well, but a lot of them do. Sexyback is a great system, and this is just a way I have found to improve your probability of making more profitable trades. I hope it works well for you.

Dave
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sexyback 4h.gif Size: 47 KB
Click to Enlarge Name: sexyback 1h.gif Size: 48 KB
  • #2,152
  • Jul 6, 2008 11:00am Jul 6, 2008 11:00am
Quoting gant3nk
just now, i got 28 pips on GU. i am busy at office, but fortunately i spot a good setup. the pics is attached. anyone, share/show your result please.
Hi gant3nk,

I wanted to show you a good setup that's perfect for using this strategy. I hope you looked at it and it helped you.

For some reason this thread has tapered off lately. It's still a very good trading system. You just have to be patient and wait for good setups. The ones like I showed happen quite often.

I think boxingislife may still be using it but I haven't heard from him in awhile.

Good luck trading,
Dave
  • #2,153
  • Jul 7, 2008 12:01pm Jul 7, 2008 12:01pm
Does anyone know what caused these spikes in the currencies? I don't see anything on the calendar for news around this time. I got in on this long trade on eurusd.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 52 KB
  • #2,154
  • Jul 7, 2008 2:17pm Jul 7, 2008 2:17pm
Quoting jdcompute
Does anyone know what caused these spikes in the currencies? I don't see anything on the calendar for news around this time. I got in on this long trade on eurusd.
This is not a spike, this is just a market reversal
  • #2,155
  • Jul 7, 2008 2:29pm Jul 7, 2008 2:29pm
Melpheos, good to hear from you again. How've you been?
  • #2,156
  • Jul 7, 2008 3:06pm Jul 7, 2008 3:06pm
Quoting jdcompute
Melpheos, good to hear from you again. How've you been?
Very fine indeed

I'm working on a new strategy which gives very nice return (except when there is a big correlation that screws up my order like today ^^ ) and which is much more mechanical than Sexystoch.

As i have not much time with my new order (managing several customer servers with HP-OV, using a nice Avamar Axion server for backup and an expensive Symmetrix DMX-4 for file storage - you'd know the price for this you'd cry ) i had to turn to something that ask less screen time.

With this strategy i have more precise entry / exit and SL point.

My live account has not increased (well increase a bit but nothing really fancy) for a while now and i'm reluctant to take my money back directly to my bank account because tax are so huge here :-/ (minimum of 26% but the french IRS is not very clear about this)
  • #2,157
  • Jul 7, 2008 6:16pm Jul 7, 2008 6:16pm
I'm glad to see you're still in the game. I'm an I.T. Auditor actually. I'm hoping to one day make the jump from here to fulltime trading. I'm taking my time though, I'm not interested in going broke especially with the American economy the way it is.
  • #2,158
  • Jul 7, 2008 9:50pm Jul 7, 2008 9:50pm
great thread. many thanks.
  • #2,159
  • Jul 8, 2008 3:48am Jul 8, 2008 3:48am
at 10am today (gmt+7), i took a trade on usd chf. it seems a good setup, and i took it. a nice 23 pips.

the pics is attached. comments are welcome.
Attached Image
  • #2,160
  • Jul 8, 2008 3:59am Jul 8, 2008 3:59am
Quoting PistolDave
Hi gant3nk,

I wanted to show you a good setup that's perfect for using this strategy. I hope you looked at it and it helped you.

For some reason this thread has tapered off lately. It's still a very good trading system. You just have to be patient and wait for good setups. The ones like I showed happen quite often.

I think boxingislife may still be using it but I haven't heard from him in awhile.

Good luck trading,
Dave
this strategy is working dude, believe me. Dave, you've shown a nice setup. I rarely see the 4H chart. I don't know, so far i am still confident on just looking the 1hr chart. but it is so true, that if the 4H shows a good setup, we can sure ourself that any signal happened on 1hr after that, always give u pips.

it is still a very good trading system. so easy on eye. yeah, patient and wait for good setups, as Dave said.

good luck guys, please share your result for all of us here. we would appreciate that.
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