bringin sexy back - stochastics | Page 19 | Forex Factory

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bringin sexy back - stochastics

  • #361
  • Feb 21, 2007 6:09pm Feb 21, 2007 6:09pm
Evening everyone

Thanks for posting your trades up here, it has really been a great help. I think I was probably trying to over complicate the setup which is why I was confused.

Please correct me if I am wrong, but the setup is, at its most basic, blue crosses red 20/50 (and signal lines) THEN check green 5's. Appreciate that there are a few other nuances, (slope of angle, gap between 20 & 50 etc) but then Trade accordingly!

Just to see if i'm on the right track, I think I am looking at a tentative short AUDCAD 1 hr, (0005GMT) which I think looks like the GBP posted a little while back. How much significance (if any) is placed on the proximity and/or direction of the 100 line?

Sorry to be a pain in the proverbial...

Thanks

Kermit
  • #362
  • Feb 21, 2007 7:26pm Feb 21, 2007 7:26pm
bagovino,

How you doing with the filters? can you share with us here?

T.
  • #363
  • Feb 21, 2007 7:32pm Feb 21, 2007 7:32pm
This trade has possibilities. I am planning on waiting for the slow stochastic (5, 3, 3) on the 5M chart to cross and turn up as an entry signal. The stochastics on the 5M chart are also up. The 1H chart is neutral and the 4H chart looks as though it is planning on heading down, but that should be no problem for a trade based on the 30M chart.
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  • #364
  • Feb 21, 2007 11:51pm Feb 21, 2007 11:51pm
This one should be good for quite a few pips if it works out since it is on a daily chart. The 1H chart does not look bad either for a short.

There are also fundamental reasons for this trade to work out.
Attached Image
  • #365
  • Edited 4:37am Feb 22, 2007 3:12am | Edited 4:37am
Unable to open Paltalk - no chat.

pipsacker

1037 GMT - Paltalk working - chat open - welcome.
  • #366
  • Feb 22, 2007 10:20am Feb 22, 2007 10:20am
The 4H chart looks fairly good. The 15M actually looks really good. I realize that I am a little late getting around to posting but it is very early where I am.
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  • #367
  • Edited 11:54am Feb 22, 2007 11:52am | Edited 11:54am
Quoting moonchild
The 4H chart looks fairly good. The 15M actually looks really good. I realize that I am a little late getting around to posting but it is very early where I am.
Hi,

I see you are using different time frames with different pairs. Are you using the same time frames on the selected pairs? Or are you looking for good setups in any given timeframe?

When looking for good setups on the same pair in different time frames there always seems to be a contradiction in trend or signal. Could you please elaborate on this?

Thanks
Posting Demo charts, mirroring some of them live.
  • #368
  • Feb 22, 2007 11:57am Feb 22, 2007 11:57am
Hi All,

I'm still having trouble with the chat for this system. Does anyone know how to block Paltalk ads? I did it for an older version, but probably need to unblock for the newest to work. Cannot find the directions given to me.
Thanks.

pipsacker
  • #369
  • Feb 22, 2007 12:22pm Feb 22, 2007 12:22pm
Hello,

I'll post two pics and hope you will comment on them.

The first one is a 15min on Eur$. I do think it's a long one on this time frame.

Would you agree?

Thanks.
Attached Image
Posting Demo charts, mirroring some of them live.
  • #370
  • Feb 22, 2007 12:25pm Feb 22, 2007 12:25pm
Hello,

Now this is the 1H chart at the same moment. Its not a buy on this one.

How dou you all cope with these situations?

(Meanwhile the 15Min did about 9 pips)

thanks
Attached Image
Posting Demo charts, mirroring some of them live.
  • #371
  • Feb 22, 2007 1:18pm Feb 22, 2007 1:18pm
Quoting forexpiet
Hi,

I see you are using different time frames with different pairs. Are you using the same time frames on the selected pairs? Or are you looking for good setups in any given timeframe?

When looking for good setups on the same pair in different time frames there always seems to be a contradiction in trend or signal. Could you please elaborate on this?

Thanks
Actually I use all time frames from 5M to daily, but most often the 15M, 30M, 1H and 4H charts.

I do not like to trade unless I have 2 adjacenty time frames which agree, or at least do not conflict. I will trade with a good set up on one time frame and a neutral on an adjacent time frame. Usually I use 15M and 30M together, 1H and 4H together.

I use the 5M for scalping and always to help with the most advantageous entry to a trade which I had a set up for on another time frame. I just use the slow stochastic on the 5M for these purposes.

In those rare cases in which there are 3 or more charts which all agree on a trade, I increase my trade size. This does not occur often.

I hope this helps because when I follow my rules absolutely to the letter, I may have some breakeven trades but few if any losses.
  • #372
  • Feb 22, 2007 1:47pm Feb 22, 2007 1:47pm
Quoting moonchild
Actually I use all time frames from 5M to daily, but most often the 15M, 30M, 1H and 4H charts.

I do not like to trade unless I have 2 adjacenty time frames which agree, or at least do not conflict. I will trade with a good set up on one time frame and a neutral on an adjacent time frame. Usually I use 15M and 30M together, 1H and 4H together.

I use the 5M for scalping and always to help with the most advantageous entry to a trade which I had a set up for on another time frame. I just use the slow stochastic on the 5M for these purposes.

In those rare cases in which there are 3 or more charts which all agree on a trade, I increase my trade size. This does not occur often.

I hope this helps because when I follow my rules absolutely to the letter, I may have some breakeven trades but few if any losses.
Thanks Moonchild.

I really must admit I have much troubles in following rules. Especially when I see the market moving fast. I find myself chasing the market, ending up with losing trades. I have been demo rading from August till December last year. Then I opened a mini account. Did not do well. Abonded the system I was trading and got into this. Stochastics was one item of my former system and I allways got the feeling they tell allmost the whole story. especially when looking back the charts. Now I now it's different when there is a whole space in black left to the last bar .....

If you have written down your rules would you please be so kind as to send them over.

I hope you keep posting charts cuz they tell a lot too.
Posting Demo charts, mirroring some of them live.
  • #373
  • Feb 22, 2007 1:54pm Feb 22, 2007 1:54pm
I only trade on the 1 and 4 hour charts. I never look at the 5,15,30 minute charts. I don't have time during the day but even if I did I don't think I would.

I don't care about getting 10 pip trades. I'm looking at 50-100 pip setups.
  • #374
  • Feb 22, 2007 2:02pm Feb 22, 2007 2:02pm
Quoting imbiber
I only trade on the 1 and 4 hour charts. I never look at the 5,15,30 minute charts. I don't have time during the day but even if I did I don't think I would.

I don't care about getting 10 pip trades. I'm looking at 50-100 pip setups.
Hi Imbiber,

I have some questions on this:

  1. What exactly is your entry strategy? Do you have the signals to occur when you are at home? Or do you have an alert system?
  2. Do you set a TP?
  3. Do you set a SL and is it trailing?

I do have a regular job so I only can follow the markets when I am off work. I go to the lower time frames to learn to read the signals and act on them. It is hard enough to to that without getting emotionally involved. I still have to build confidence in the system. But I'ld really like to use it on the larger timeframes.

Posting Demo charts, mirroring some of them live.
  • #375
  • Feb 22, 2007 2:04pm Feb 22, 2007 2:04pm
Quoting imbiber
I only trade on the 1 and 4 hour charts. I never look at the 5,15,30 minute charts. I don't have time during the day but even if I did I don't think I would.

I don't care about getting 10 pip trades. I'm looking at 50-100 pip setups.
I understand your not having time during the day to deal with short time frames but it may occur that you sometimes have the opportunity during the evening or holidays. I have often gotten 40 to 80 pips from set ups on shorter time frames, not 5M, but from the 15M and 30M charts. You might take a look sometimes. If both the 15M and 30M agree, then the probability of the trade producing 50 pips or more is actually quite high.
  • #376
  • Feb 22, 2007 2:56pm Feb 22, 2007 2:56pm
I could probably watch the 30 minute charts during the day. I'm going to see how that goes. So far I'm doing great with the 1 hour and 4 hour charts but I could see adding the 30 minute as a fine tuning signal for the entry.

How is everybody handling exits? I thought about exiting when the 5 crosses but that seems premature over my short backtest. Right now I'm trailing the trade and when I see a pullback I place my stop a little lower than the pullback. Only problem here is there will be pips left on the table if the pullback turns into a reversal.
  • #377
  • Feb 22, 2007 3:22pm Feb 22, 2007 3:22pm
Quoting imbiber
I could probably watch the 30 minute charts during the day. I'm going to see how that goes. So far I'm doing great with the 1 hour and 4 hour charts but I could see adding the 30 minute as a fine tuning signal for the entry.

How is everybody handling exits? I thought about exiting when the 5 crosses but that seems premature over my short backtest. Right now I'm trailing the trade and when I see a pullback I place my stop a little lower than the pullback. Only problem here is there will be pips left on the table if the pullback turns into a reversal.
I suspect that I do not like to leave pips on the table any more than you do, but I have learned that more often than not in trying to get every pip, I ended up with fewer pips rather than more. So now, as long as I get pips in a trade, I am happy. Of course, more is better, but any are nice--and certainly better than losing some.

As to exiting trades, I find that if I use the 5 cross on the 5M chart, I leave very few pips behind. The shorter the time frame I use the 5 on, the better my entries and exits. I find 1M charts too hard to work with, but 5M charts leave very few pips behind. Unless I am scalping I only use the 5M for entries, and exits. And I have to be incredibly desperate or incredibly bored to scalp since it is not a way I like to trade.
  • #378
  • Feb 22, 2007 4:03pm Feb 22, 2007 4:03pm
Hi all,

I asked some questions in my postings today. I missed the PDF of Blackfeet. Now I've found it I see many of my questions are allready ansewered before. Just be reading a thread again through a PDF. Well, I will distill a trading plan from it and will try to write it down.

Thanks all, but if you still want to reply to my postings ... you're wellcome.
Posting Demo charts, mirroring some of them live.
  • #379
  • Feb 23, 2007 2:19am Feb 23, 2007 2:19am
Sold on bounce off upper trend line and confirmation of Sexy Stochs.
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  • #380
  • Feb 23, 2007 4:35am Feb 23, 2007 4:35am
System chat open.

pipsacker
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