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bringin sexy back - stochastics

  • #2,221
  • Sep 19, 2008 9:59am Sep 19, 2008 9:59am
Came around again nicely...
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  • #2,222
  • Sep 27, 2008 11:05am Sep 27, 2008 11:05am
zeuzera posted this chart a few days back where the ATR and the EMA of the ATR were shown in the same window. I think he's using it as a volatility indicator. I would like to know more about exactly how this is used since sideways markets make for bad trades

so: are we looking at the slope of these guys or are we looking for the ATR to cross up and over the EMA to show icreased volatility? I think this could be a useful indicator for many systems.

http://img440.imageshack.us/img440/3...jpyspotve7.png
Isolate yourself from the herd
  • #2,223
  • Edited 2:15am Sep 29, 2008 1:35am | Edited 2:15am
Hi,

I am new here and have been reading this thread for last 2 weeks and have finished it today. I started demo trading today and am attaching my first trade. I have one question on this trade even though it is running +56 right now.
When I entered the trade on 1hr the 20 Stoc was still above 50 Stoc, so was this a setup that I should have avoided. I had a good support of H4.
Please provide your feedback to help me learn this method properly.

Thanks
Vijay

:Limited out at +100 pips
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  • #2,224
  • Sep 29, 2008 7:45am Sep 29, 2008 7:45am
Are you sure the 20 was above the 50? It almost appears as if the colors on your 20 and 50 are reversed?! Please let me know because, yes, the indicator as shown would not support the trade I believe.(caution, I've spend about the same amount of time on this method as you!)
Isolate yourself from the herd
  • #2,225
  • Sep 29, 2008 9:09am Sep 29, 2008 9:09am
Hi,

I have verified and I have 20 stoc in Blue and 50 stoc in red and in the trade posted earlier EURUSD sell 20 was above 50 (my charts show signal line as per Melpheos template.

Thanks
  • #2,226
  • Sep 29, 2008 9:49am Sep 29, 2008 9:49am
Vijay,

The 20 and the 50 show you the trend direction. Although it is probably ideal to have the 20 below the 50, your example clearly shows both lines in a downtrend. I am pretty sure Boxing said in earlier posts this is an acceptable trade if you have confirmation from a higher timeframe.

D
  • #2,227
  • Sep 29, 2008 11:16am Sep 29, 2008 11:16am
Thanks D, I'll try to demo trade more setups like this for confirmation.

Thanks
  • #2,228
  • Sep 29, 2008 11:23am Sep 29, 2008 11:23am
I better read the whole thread again! I find it tricky to get a high percentage of wins even with the 20 properly crossed against the 50 and going with the trend!

If using the 15 min 5,3,3 stoch pullback/reversal for entry, which other timeframes do you look at for confirmation of at least a short term positive trade? I would think 4 hour not as important as say 5 and 1 minute so that you don't get immediately stopped out.

A previous poster thought that the 4 hour was important ie: a bounce off the 4-hour Bollinger band into the direction you plan to trade (off the bottom if you want to go long) increased the success of the system. I am just trading micro lots but I would like to find a way to trade this system so that I get high % of winning trades so that I can trade bigger. I don't need to make 100 pips, just get + pips more often than - and I'll be good (isn't that what we all want!)
Isolate yourself from the herd
  • #2,229
  • Sep 29, 2008 11:37am Sep 29, 2008 11:37am
Forexweasel,

If on the 15min I would look up to the 30min and 1hr to make sure I have nothing strong moving against me. It seems that the more in line the timeframes are one has a better chance of success.

D

Edit: And keep in mind that on the higher timeframe the faster stock will resemble the slower stoch on the lower TF.
  • #2,230
  • Sep 29, 2008 7:52pm Sep 29, 2008 7:52pm
Quoting dd4x
Vijay,

The 20 and the 50 show you the trend direction. Although it is probably ideal to have the 20 below the 50, your example clearly shows both lines in a downtrend. I am pretty sure Boxing said in earlier posts this is an acceptable trade if you have confirmation from a higher timeframe.

D

dd4x, you are correct. I found this from boxingislife on post #58:

."..the main thing is for the 20 or 50 to cross the signal line in a specific direction. it doesnt matter if 50 is above 20 and trend is up. the main thing is for both of them to have crossed their signal line up or down thats the main way to confirm the trend."

This is an early post and I think signal lines were abandoned later on, but I still kling to them.

I've started to print out this entire thread to study it in more detail. I know this is the best system, but I still have trouble spotting good trades in real time. I think my habit of keeping charts zoomed in hinders my ability to see the stochs and their slopes properly.

weasel
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  • #2,231
  • Edited 1:19pm Sep 30, 2008 10:56am | Edited 1:19pm
Weasel,

Yeah, I have the tendency to zoom way in as well. The larger view does seem to help.

See the GBP/USD now? Might break.

Edit: Looks like it may be a slingshot trade....

Edit2: Not a big move back. Volume dropping.
  • #2,232
  • Edited 2:06pm Sep 30, 2008 2:02pm | Edited 2:06pm
dd4x,

I see on the 15 min a possible slingshot, perhaps this is the next one after your post. I found this set up to be the least risky for me:

I have the 20, 50 and 100 all on the 15 I also have a MTF stochastic for the 5 in magenta on the same window. When the 5 (green) crosses its signal line back, I go in, but only if its in the same direction as the magenta which is the 5 stoch on the 5M, that way I dont get that friggin annoying instant drawdown that sometimes happens as soon as you hit the buy or sell button.

This has me getting about 75% winner or thereabouts. I'm still experimenting with micro lots. When I'm sure its a good system, I'll probably try mini lots for a while and slowly migrate up the risk ladder to full lots. My goal is to find a system that lets me easily net 10 pips per day, even if I have to go in for more than one trade, using 10 lots per trade. $1000 per day...I can live on that.

The bottom window is a volatility indicator based upon the ATR being higher than its EMA. Its not right now, so this will be a low return trade in any case.
Isolate yourself from the herd
  • #2,233
  • Sep 30, 2008 2:04pm Sep 30, 2008 2:04pm
This was supposed to be with the above post
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  • #2,234
  • Sep 30, 2008 3:16pm Sep 30, 2008 3:16pm
Weasel,

I think it may be better if you have a higher TF stoch imposed on your 15min chart stochs (I may have to add that so I don't go back and forth). I think it may serve you better to see that you are not going against the longer term trends. I was looking at the 5 min TF this morning when that big move hit, and I looked up to the 15 min to see that it was headed in the same direction. That was an easy 200 pips if you stayed in.

Just my 2 cents.

D
  • #2,235
  • Sep 30, 2008 4:41pm Sep 30, 2008 4:41pm
Quoting dd4x
Weasel,

I think it may be better if you have a higher TF stoch imposed on your 15min chart stochs

D
Are you talking about something like another MTF of the 5,3,3 of say the H1 on my M15 chart? does this provide more trend info than the 20, 50 & 100 currently on my M15?

What was annoying me was getting in at the 5,3,3 crossing the signal on my M15 only to instantly drop 10 plus pips cause I didn't have that Magenta MTF stoch from the 5 telling me it was also in my direction. Of course I'm looking at the 20, 50 and even 100 on the M15 for trend.

FW
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  • #2,236
  • Sep 30, 2008 4:53pm Sep 30, 2008 4:53pm
Weasel,

Yes...put the higher TF fast stoch (30min or maybe 1hr) instead of the 5min. I actually check the 30min and 1hr for both fast and slower stoch visually to judge how my TF will likely move. It's good confirmation of how the bigger picture is affecting my smaller TFs (up, down, sideways).

There was also that indicator someone had that would show green symbols or red symbols to show if multiple higher TFs were in your favor. I never used it, but I may have to look into it.

D
  • #2,237
  • Sep 30, 2008 7:03pm Sep 30, 2008 7:03pm
dd4x
I do have this guy (stochbars) on my chart, but still have to get better at reading it. So if this indicator showed stoch strength on the 1 hour (middle bar green = crossed up and trending up between 20 and 80) it will support my 15 minute trade?

It seems hard to get everything all lined up just right for a good trade. I'm getting very close to have a positive expectancy system and am in the tweaking stages so any helpful advice is of course greatly appreciated.

In the past I've tried the spudfyre MTF stochs but it was just too complicated and the set up appeared much less often than the boxingislife or even a genuine slingshot setup seems to appear.

weaselator
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  • #2,238
  • Sep 30, 2008 7:42pm Sep 30, 2008 7:42pm
This one is even better! arrows to show up down, can put more than one of these in a window and set each to different stoch parameters as well.

by the way, these stoch bars made by CJA at www.forex-tsd.com. He is the indicator bar genious!
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File Type: ex4 STOCH_Bars_M#_v2.ex4   36 KB | 920 downloads
Isolate yourself from the herd
  • #2,239
  • Sep 30, 2008 8:18pm Sep 30, 2008 8:18pm
I'm not understanding what you're saying. What do you mean the "Magneta MTF stoch"? By the way, 10 pips a day using this system is a cakewalk ..that should give you some hope in reaching your goal.


Quoting forexweasel
Are you talking about something like another MTF of the 5,3,3 of say the H1 on my M15 chart? does this provide more trend info than the 20, 50 & 100 currently on my M15?

What was annoying me was getting in at the 5,3,3 crossing the signal on my M15 only to instantly drop 10 plus pips cause I didn't have that Magenta MTF stoch from the 5 telling me it was also in my direction. Of course I'm looking at the 20, 50 and even 100 on the M15 for trend.

FW
  • #2,240
  • Sep 30, 2008 8:23pm Sep 30, 2008 8:23pm
forexweasel,

I had great success with the Spudfyre system. In fact, I barely ever lost a trade. The thing was that it took forever for the signal to come around but it was almost 99% guaranteed to work out for me. This sexy system is incredibly visual, and as you say it appears more often. If you can be patient and take the good trades, you'll do well. I've been with this system for a while now and got some one on one private tutoring with boxing so I've got this thing down really. If you trade on the 15-min charts, you should do well but you know it's easier to get whipsawed on that timeframe. I tend to trade off the 30m or 1hr charts. Most often I'm on the 30m charts because I'm a little too impatient for the 1hr although Boxing himself trades the 1hr and 4hr charts mostly. To be completely honest with you, I pull in at least 200-pips a week using this system easy. When I'm trading, I check the 4hr chart first to see if it is flat or in opposite direction of my 30m charts. If not, I'll pull the trigger if all is well. I'll begin posting some charts again for everyone. I hope you guys participate so that we can keep the thread alive. Good trading all. Post charts, and comments because I'm on this thing ALL day long and most of the night. I live in Texas so I'm on central time.


Quoting forexweasel
dd4x
I do have this guy (stochbars) on my chart, but still have to get better at reading it. So if this indicator showed stoch strength on the 1 hour (middle bar green = crossed up and trending up between 20 and 80) it will support my 15 minute trade?

It seems hard to get everything all lined up just right for a good trade. I'm getting very close to have a positive expectancy system and am in the tweaking stages so any helpful advice is of course greatly appreciated.

In the past I've tried the spudfyre MTF stochs but it was just too complicated and the set up appeared much less often than the boxingislife or even a genuine slingshot setup seems to appear.

weaselator
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