DislikedGreat. Is this the system that you trade or are you using something else?Ignored
DislikedWell I spent a good few months trying this out a while ago and I really liked it and made some pips but these days I have ditched the indicators I just didn't like the way the stochs seemed to sometimes \"lie\" or repaint I guess.
Anyway I might have another go at it as obviously theres some people here having some success.
I liked someones comment earlier about how it is a good way to guage momentum. In my current system the entries are great but I would like a better way of guaging when to take profits and maybe this could be a good way to do that.
Anyway keep up the good work.Ignored
DislikedI agree. The stochs show me the overall picture at a glance, much easier to read. The MTF approach is the only system I've tried that works for me consistently. Spud, have you ever used the Andrews Pitchfork or Schiff forks in your trading?Ignored
DislikedSpudfyre how long did it take you to make seven figures starting out with just $2000/-Ignored
DislikedI trade a lot using S/R and PA and use stochs to help pick/time my entries, and also use stochs to help time entries on pull backs (rubber band trades). I have to say this is by far the best way to trade and I have tried them all, I especially love the rubberband trades as they are usually good for some pretty safe pips, anyone catch that 600 pipper gbp trade from last night?
I trade using the 25,2,3 and 5,3,3 stochs on the 1hr and 15min charts.Ignored
DislikedDon't worry about how long it will take you.....work towards consistency..always consistency. You have to learn how to make 10 pips a day, 20 pips a day...than add value to your pips when you know you can consistently earn 10 pips every day. If you can train yourself to do that than you control exactly how long it will take you.Ignored
There is an opinion by some that the 14,3,3 settings get you into a trade too late while the 5,3,3 often whipsaws you. How did you settle on 14,3,3? I'm just curious. Have you tried any other settings? I typically use 14,3,3 across the 15m/30m/1h charts.Ignored
DislikedSpuds, et al
Can you guys look at these stochs on this trade that just bit me and took out my SL?
the lime green is the 5.3.3 for the current charts TF and the purple lines are 5.3.3 MTF stoch for the next higher TF (H4 is 4.3.3) My buy took place at the red vertical line.
All stochs were down at the time, but like within maybe a minute, the M15 made this v-shaped turn around that got my stop. I'm thinking the M15 was perhaps a bit low to enter this trade anyway?
Anyway as I write this, the M15 has reached 80 and is curling down, so perhpaps a better opportunity?
Spuds and MTF stochs are gread!