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Stochastic secrets

  • #61
  • Sep 11, 2008 2:30am Sep 11, 2008 2:30am
Quoting Qwert
Now, let's stir up this thread a little bit.

I use stochastics and it works on a long term basis. It's my secret. I won't reveal it so those who do not believe in them will stay that way - non-believers!

I will post my latest trades to make non-believers envy.

Check my latest trades:
Sell EURJPY 156.50 Close 152.43 +407pips
Sell GBPUSD 1.7950 Close 1.7570 +380pips
Sell GBPJPY 195.00 Close 189.49 +551pips
Total of 1,338pips in just one day!
Could you please show the stocastick at the entry points of your trades, for a better understanding. Thanks very much.
  • #62
  • Sep 11, 2008 3:11am Sep 11, 2008 3:11am
Quoting RedTrader
Thanks to all of you that until now showed interest in this thread and for the future I reserve the enjoyment of sharing even more of my experience, as I hope you will to.

As I said, during my trades I will remind myself about other techniques/rules/characteristics (etc.) regarding stoch and I as a result I made another update to the first post.
RedTRader could you please someties make a PDF of the best suggestion that you you find in this forum. My english is not very good so is very diffucult for me understand all the posts. But if you can do like your first post some pdf it can be very useful. I lost a lot of money in forex and I'm try to have some cash back.

Thanks for your help.
  • #63
  • Sep 11, 2008 9:40am Sep 11, 2008 9:40am
Quoting Qwert
I use stochastics and it works on a long term basis.
It works on any term, it depends only on which trading style you apply: if you prefer intra-day trades or long-term trades. That's the beauty

Quoting -TryToTrade-
RedTRader could you please someties make a PDF of the best suggestion that you you find in this forum.
Could you me a little more explicit. You mean that you would like me to make a pdf to contain the most important information? If yes, well this is what I will do anyway, from time to time, but after accumulating some more posts from the other traders. I hope you understand what I wrote.
  • #64
  • Sep 11, 2008 9:53am Sep 11, 2008 9:53am
wow...a stochastic oszillator thread...

im having my stochs on all timeframes but prefer trading them on lower ones together with trendlines and pivots. dont want to miss them
  • #65
  • Edited 10:44am Sep 11, 2008 10:06am | Edited 10:44am
Quoting Titus
wow...a stochastic oszillator thread...

im having my stochs on all timeframes but prefer trading them on lower ones together with trendlines and pivots. dont want to miss them
Glad to know you enjoy this thread. If you want you can post charts or detailed explanations because, in fact, the purpose of this threat is, by merging the information and interacting with other traders that use different techniques, to became one of the most fruitful for traders who want to engage in a more profound study of the stoch.

P.S. Beware that on lower time-frames (under h1) you can be disturbed by market noise.
  • #66
  • Sep 11, 2008 10:16am Sep 11, 2008 10:16am
Quoting RedTrader
Glad to know you enjoy this thread. If you want you can post charts or detailed explanations because, in fact, the purpose of this threat is, by merging the information and interacting with other traders that use different techniques, to became one of the most fruitful for traders who want to engage in a more profound study.

P.S. Beware that on lower time-frames (under h1) you can be disturbed by market noise.


you made me smile ...

im trading mostly on 1 min. ... exactly on 1-3-5 with 15m and 1h as trendfilter. works for me

hope to learn more about stochs here and try to share some own conclusions
  • #67
  • Sep 11, 2008 10:38am Sep 11, 2008 10:38am
hey guys can you pls suggest a good parameter for stochastic on shorter time frames such as 5 or 15M
  • #68
  • Sep 11, 2008 10:43am Sep 11, 2008 10:43am
Quoting Titus


you made me smile ...

im trading mostly on 1 min. ... exactly on 1-3-5 with 15m and 1h as trendfilter. works for me

hope to learn more about stochs here and try to share some own conclusions
Yep. It's a good method - 1h to know the direction and minor time-frames for entry points. Good way to learn too. You're welcome to share your own conclusions, whenever you consider or feel like it
  • #69
  • Sep 11, 2008 10:45am Sep 11, 2008 10:45am
Quoting bksujal
hey guys can you pls suggest a good parameter for stochastic on shorter time frames such as 5 or 15M
Check the last pdf of the first post
  • #70
  • Sep 11, 2008 1:05pm Sep 11, 2008 1:05pm
Quoting RedTrader
Yep. It's a good method - 1h to know the direction and minor time-frames for entry points. Good way to learn too. You're welcome to share your own conclusions, whenever you consider or feel like it

thanks mate,

currently im not at my pc, im at a friends house. i will post one or two charts tomorrow, to show my trades from today.

good settings for lower timeframe?

- download mtf stochastics, you can put stochastic of a higher timeframe together with a fast stochastic of your trading-timeframe-chart. use one slow stochastic and one fast stochastic and keep in mind the higher timeframe-trend. i will post the indi tomorrow, if you cant find it.

have a good time everybody, had some glasses of wine so sry for mistakes
  • #71
  • Sep 11, 2008 1:09pm Sep 11, 2008 1:09pm
Quoting bksujal
hey guys can you pls suggest a good parameter for stochastic on shorter time frames such as 5 or 15M

533 really working for me.
  • #72
  • Sep 11, 2008 1:49pm Sep 11, 2008 1:49pm
Quoting Qwert
Now, let's stir up this thread a little bit.

I use stochastics and it works on a long term basis. It's my secret. I won't reveal it so those who do not believe in them will stay that way - non-believers!

I will post my latest trades to make non-believers envy.

Check my latest trades:
Sell EURJPY 156.50 Close 152.43 +407pips
Sell GBPUSD 1.7950 Close 1.7570 +380pips
Sell GBPJPY 195.00 Close 189.49 +551pips
Total of 1,338pips in just one day!


If you actually took those trades at those prices and closed them on those prices, CONGRULATIONS TO YOU. My question to you is post your results two months from now when the market is not in a major down trend and you do not need stochastics on anything at this moment to make money but just sell on most pullbacks is the easy way right now. The real situation is, most indicators work well in trending markets like we are experiencing right now and eat you live in non-trending types which in the long run is the major portion of the time. That is what gives you a false sense of believe that indicators work, which in the long run they don't. Trading forex can not be measured on a short term basis whether you system or method or indicator is your "holy grail". Conditions change rapidly and what works right now will not work just has quick. That is the reason I said in a previous post here, if you are in this business for the long haul you need something that works day in and day out every day without failure and that is not indicators. This is said from a trader with more then 10+ years trading forex. Again congrulations on the above trades that was an impressive total, hope you are trading more then an micro or mini account that day.
  • #73
  • Sep 11, 2008 2:19pm Sep 11, 2008 2:19pm
Quoting Titus
thanks mate,

currently im not at my pc, im at a friends house. i will post one or two charts tomorrow, to show my trades from today.

good settings for lower timeframe?

- download mtf stochastics, you can put stochastic of a higher timeframe together with a fast stochastic of your trading-timeframe-chart. use one slow stochastic and one fast stochastic and keep in mind the higher timeframe-trend. i will post the indi tomorrow, if you cant find it.

have a good time everybody, had some glasses of wine so sry for mistakes
I did found mtf stoch but I would like to see it in the hands of someone who played a little more with it

"Good settings for lower time frame?" Well, the answer is given by your trades. If these settings help YOU make profit then, FOR YOU, the settings are GOOD (if you are unsure back test and then live-trade -of course demo only - to see the required adjustments).

Have a good time and waiting for the posts!
  • #74
  • Sep 12, 2008 2:35am Sep 12, 2008 2:35am
Quoting Titus
thanks mate,

currently im not at my pc, im at a friends house. i will post one or two charts tomorrow, to show my trades from today.

good settings for lower timeframe?

- download mtf stochastics, you can put stochastic of a higher timeframe together with a fast stochastic of your trading-timeframe-chart. use one slow stochastic and one fast stochastic and keep in mind the higher timeframe-trend. i will post the indi tomorrow, if you cant find it.

have a good time everybody, had some glasses of wine so sry for mistakes
Well, yesterday I was a little tired so couldn't quite invest a good amount of concentration but today - with fresh energy that is - I'd put MTF again on the chart and... it worked . I have to admit that it's useful. At least for me because for my currency pairs, I have 2 charts - 1st with the indi and - 2nd with fresh linebased analysis (I prefer to have more room to see the chart), and it will be a little more ok when I wait for the signal not to swich form on time-frame to another.

10x
  • #75
  • Sep 12, 2008 3:11am Sep 12, 2008 3:11am
Quoting RedTrader
Well, yesterday I was a little tired so couldn't quite invest a good amount of concentration but today - with fresh energy that is - I'd put MTF again on the chart and... it worked . I have to admit that it's useful. At least for me because for my currency pairs, I have 2 charts - 1st with the indi and - 2nd with fresh linebased analysis (I prefer to have more room to see the chart), and it will be a little more ok when I wait for the signal not to swich form on time-frame to another.

10x
good morning

i have mtf-ma´s indi, thats great also if you trade lower timeframes because you know where for example the daily 5sma is sitting etc. (sup/res area)
Attached File(s)
File Type: mq4 AllAverages_v2.2.mq4   17 KB | 1,091 downloads
File Type: mq4 #MTF_Stochastic.mq4   4 KB | 1,118 downloads
  • #76
  • Edited 5:44am Sep 12, 2008 3:29am | Edited 5:44am
this is my view on my two screens

im trading this style only with gbp/jpy, eur/usd is better on 5min. for example IMO

on the one chart i highlighted the mtf- in action. slow 5min. stoch comes down from overbought area, has crossed 80 dn, and the fast 1min. stoch comes up and touches the slow stoch. additional the rsi-trendline got broken, the price trendline also and gbp/usd-usd/jpy got resistance on 1h chart from the 200sma...confirmation is key, but for everyone there is individual confirmations...trade what you see

ps. i tried several times to upload the charts but it didnt work, i will try again later

pps. tried it again and still problems...it works with everything except my charts
  • #77
  • Sep 12, 2008 6:50am Sep 12, 2008 6:50am
RedTrader,

Thanks for sharing, but I fail to understand of point(s) 3 and 4 at page 2 of your stoch, what it 's actually mean?
  • #78
  • Sep 12, 2008 8:49am Sep 12, 2008 8:49am
10x Titus for posting the indi. I have got MTF but, no matter if I try to use yours or the one I found, it crashes the application when I'm starting it (if it has to load a profile that contains MTF)

About you prblm with uploading the images, you can create a zip - you select the images and (assuming u use Windows XP or higher) right click > send to > Compresed (Zipped) folder. You can try exporting the chart as a different image format.
  • #79
  • Sep 12, 2008 8:49am Sep 12, 2008 8:49am
Quoting bima
RedTrader,

Thanks for sharing, but I fail to understand of point(s) 3 and 4 at page 2 of your stoch, what it 's actually mean?
Well,

point 3) - classic divergence (trend continuation or change):
http://www.investopedia.com/terms/d/divergence.asp

point 4) - we talk about the stoch peaks (the crossings over 70 and under 30). So, let's assume that we recived a sell signal (stoch got over 70, crossed and came back under 70). Then, it came back over 70 (again), but this time the crossing materialized on a so called lower high. This is a very strong signal.

Hope I was clear, anyway, in the next pdf update I will detail point 4 because I assume that if one person doesn't understand, there could be others who also don't.
  • #80
  • Sep 12, 2008 9:09am Sep 12, 2008 9:09am
I have for some time been interested in using Stoch and RSI together.

the Stoch I use for entry and exit points

the RSI I use to show trend movement. I have lines at the 37 and 63. When RSI hits these lines then there is a probability of trend reversal. I do not look at this hit a signal to buy or sell, but as a signal to pay attention to a possible reversal of trend. The RSI can go below these lines, but it is not most often inclined to do so except when the trend is very strong.

the Williams is just there for further confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: stoch rsi gbj jpy.gif Size: 26 KB
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