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MTF Stochastics

  • #1,301
  • Sep 1, 2008 10:37am Sep 1, 2008 10:37am
Quoting endroute
I use mtf stochs in the following way. I place trades when the 30 (gold) and 1hr (dark green) line up or down when moving past 20 and 80 respectively and then pay attention to the trades, most of the time you can bang out 30-100 pips per trade, and if the 4hr (red) and daily line up you can ride the pip train for days some times. I also use the stoch ropes on the same chart, I like the added color. The other indicator on the attached chart is the alligator, you don't trade when the alligator lines are tight together. Th alligator tends to keep you out of crappy trades where price does not really go anywhere. To me this is the simplest and most effective way to trade and be profitable.
Hi Endroute,

Thanks for sharing. What is the para settings you used for the alligator?
  • #1,302
  • Sep 1, 2008 10:49am Sep 1, 2008 10:49am
13,8,5
  • #1,303
  • Sep 1, 2008 2:00pm Sep 1, 2008 2:00pm
Quoting endroute
I use mtf stochs in the following way. I place trades when the 30 (gold) and 1hr (dark green) line up or down when moving past 20 and 80 respectively and then pay attention to the trades, most of the time you can bang out 30-100 pips per trade, and if the 4hr (red) and daily line up you can ride the pip train for days some times. I also use the stoch ropes on the same chart, I like the added color. The other indicator on the attached chart is the alligator, you don't trade when the alligator lines are tight together. Th alligator tends to keep you out of crappy trades where price does not really go anywhere. To me this is the simplest and most effective way to trade and be profitable.

Endroute have you found any alerts that accurately signal the crossing of the 30 aand 1 hour ? Or do you prefer to just watch the chart?

Thanks Sandy
  • #1,304
  • Sep 1, 2008 3:57pm Sep 1, 2008 3:57pm
I wish I could find alerts to accurately signal confluence of stochs accross timeframes, but have not found anything. I trade between 4am eastern time about 10 or 11 am and just look at the charts every hour to see if there are any good setups.
  • #1,305
  • Sep 1, 2008 6:29pm Sep 1, 2008 6:29pm
Quoting endroute
I wish I could find alerts to accurately signal confluence of stochs accross timeframes, but have not found anything. I trade between 4am eastern time about 10 or 11 am and just look at the charts every hour to see if there are any good setups.
Thanks again. I've looked at a lot of stoch alerts and haven't found one that works the way I'd like it to either.

Sandy
  • #1,306
  • Sep 2, 2008 9:55am Sep 2, 2008 9:55am
I'm so glad to see everyone chiming in! That's great. Well so far my 15m/30m/4hr setup is working just fine. I'm not seeing anything dramatic in the way of change since I've taken the 1hr off my charts. I've lost 3 out of my last 10 trades last week. One of them was due to me jumping in too early when I had a pretty good feeling that I should've waited. The other two were just bad trades. Don't know what happened there to tell you the truth. Both were slingshot trades where the 4h/30m were oversold and I was trading the 15m back to the oversold when it all turned around and went back up. I closed out at -30pips on both. No biggie I guess. I'm in Dallas so everything is CST for me. I placed a trade at 3:00AM today on eurjpy and grabbed a quick +29pips. I may be wrong but it seems like it's SO much easier to follow the trend BEFORE the New York session opens.
  • #1,307
  • Sep 2, 2008 10:02am Sep 2, 2008 10:02am
Quoting ayaz
Excellent post! What you described is essentially the difference between Method I- Basic Momentum Stochastic Trading, and Method 2 - Escalator to Pips.

I agree, Method I happens all day long, and although it requires more attention and extra analysis, it can indeed be used successfully. I have made some mistakes with it, but overall its profitable. Method 2 is rare indeed, but is as close to foolproof as it gets! Spud definately hit a home run with this one.
You are so true on that last part. I have never lost a trade with Method 2. I just get impatient waiting. One thing that popped out to me during a 11th review of this entire thread (yes 11 times read) was that Spud said to pay attention to your stochs because price will make you think you've made the wrong decision. And that is so true..i've been burned by that so many times. Now I just watch my stochs to see if they're telling me to get out. This morning was an example when I was down -18pips and a few minutes later +20.
  • #1,308
  • Sep 2, 2008 11:51am Sep 2, 2008 11:51am
Quoting jdcompute
You are so true on that last part. I have never lost a trade with Method 2. I just get impatient waiting. One thing that popped out to me during a 11th review of this entire thread (yes 11 times read) was that Spud said to pay attention to your stochs because price will make you think you've made the wrong decision. And that is so true..i've been burned by that so many times. Now I just watch my stochs to see if they're telling me to get out. This morning was an example when I was down -18pips and a few minutes later +20.
Hi jdcompute,

How did you place all stochs with different time frame in one window?
  • #1,309
  • Sep 2, 2008 11:52am Sep 2, 2008 11:52am
Quoting d_skyLineGTR
Hi jdcompute,

How did you place all stochs with different time frame in one window?
which time frame best suited to stochs?
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  • #1,310
  • Sep 2, 2008 12:39pm Sep 2, 2008 12:39pm
I can't answer for all but I tend to stick with 15m/30m/1h charts.
  • #1,311
  • Sep 2, 2008 12:42pm Sep 2, 2008 12:42pm
It's an indicator found in this thread. Click on the paperclip and select the #MTF Stochastic 2.0. Then drag it on to your chart. Then drag another three of them right on top of the first one.


Quoting d_skyLineGTR
Hi jdcompute,

How did you place all stochs with different time frame in one window?
  • #1,312
  • Sep 2, 2008 3:23pm Sep 2, 2008 3:23pm
Hi. I have been trading MTF on (1m/5m/15/30m) time frame with good success on EUR/USD. I do have a question. I have been using 5,3,3 setting but wondered if 14,3,3 setting is better (spud seemed to switch back and forth) I also saw someone like the 8,3,3. Or maybe it makes no difference. Any thoughts? Thanks!
  • #1,313
  • Sep 2, 2008 3:26pm Sep 2, 2008 3:26pm
JD, when you are entering a trade using the 4hr stoch, do you wait for the 4hr candle to close to confirm the direction of the stoch and then look for an entry on the 15m and 30 min?
  • #1,314
  • Sep 2, 2008 5:51pm Sep 2, 2008 5:51pm
Yes I do. I think Spud mentioned that we always trade on candle closes until you get better at reading the stochs. Some of the other guys, feel free to chime in and tell us how you guys do it.

Quoting Bradev
JD, when you are entering a trade using the 4hr stoch, do you wait for the 4hr candle to close to confirm the direction of the stoch and then look for an entry on the 15m and 30 min?
  • #1,315
  • Sep 2, 2008 5:52pm Sep 2, 2008 5:52pm
I'm using 5,3,3 and 14,3,3. I alternate actually. I find that the 5,3,3 gets you in on the action quicker but the trend may not be truly established. While you may have to wait a bit longer for the 14,3,3, it's normally more reliable.

Quoting cjd
Hi. I have been trading MTF on (1m/5m/15/30m) time frame with good success on EUR/USD. I do have a question. I have been using 5,3,3 setting but wondered if 14,3,3 setting is better (spud seemed to switch back and forth) I also saw someone like the 8,3,3. Or maybe it makes no difference. Any thoughts? Thanks!
  • #1,316
  • Sep 2, 2008 7:12pm Sep 2, 2008 7:12pm
I am a 14,3,3 kind of guy, I would rather wait just a bit for the confirmation. I typically trade only the 1hr and the 5min (if nothing exciting is going on the 1hr), and I trade typically when only when the 30 and the 1hr are very close together, I mean like makin love close. I don't pay too much attention to the 4hr and daily except that if they all agree I increase my # of lots and hang on. You can knock out hella pips this way.
  • #1,317
  • Sep 2, 2008 8:07pm Sep 2, 2008 8:07pm
Quoting jdcompute
It's an indicator found in this thread. Click on the paperclip and select the #MTF Stochastic 2.0. Then drag it on to your chart. Then drag another three of them right on top of the first one.
Thanks jd!
  • #1,318
  • Sep 3, 2008 3:52am Sep 3, 2008 3:52am
Quoting jdcompute
I'm using 5,3,3 and 14,3,3. I alternate actually. I find that the 5,3,3 gets you in on the action quicker but the trend may not be truly established. While you may have to wait a bit longer for the 14,3,3, it's normally more reliable.
Hi jd, I must say kudos to u for trying to keep the thread alive. Can u pls post chart(s) for me to see where u are right now. I will appreciate it alot. Thanks. Nerry.
  • #1,319
  • Sep 3, 2008 9:19am Sep 3, 2008 9:19am
Quoting KudzuFX

If traders can get both a psychological and empirical hold on the significance of "tendency" then they will know how to use the Stoch to their best advantage. The novice trader is mostly looking for a cross over of the K and the D. That of course is neat and tidy on the chart, but it does not mean anything significant over the long term on a single time chart.
A deep understanding here Kudzu... great post!
  • #1,320
  • Sep 4, 2008 1:36pm Sep 4, 2008 1:36pm
Does anyone know what moved the yen pairs so much today? I've taken in 200+ pips alone on eurjpy and another 150+ on audjpy. I'm curious because I don't see anything on the news calendar.
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