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MTF Stochastics

  • #1,401
  • Oct 22, 2008 9:14pm Oct 22, 2008 9:14pm
Thanks endroute for that feedback, I appreciate it and the time you took.

FW
Isolate yourself from the herd
  • #1,402
  • Oct 24, 2008 2:35am Oct 24, 2008 2:35am
This pair is fast becoming a favorite of mine. It trends sooooo well once it's underway. The yen pairs I find move really fast and far but you have to be prepared for the quick moves on that one. This is like grandma..slow but steady At one point I was down -40 pips but I had a good feeling that it would turn around and I stuck with it and came out with some good pips.
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  • #1,403
  • Oct 24, 2008 4:39am Oct 24, 2008 4:39am
Now here's a great start to a weekend. These two trades took approximately 3hrs to get to this level of profit.
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  • #1,404
  • Oct 27, 2008 2:11am Oct 27, 2008 2:11am
I normally don't trade on Sunday nights but things seem to be moving quite fine for the time being. Up +65 so far on this one with max DD of -22.
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  • #1,405
  • Oct 27, 2008 6:27am Oct 27, 2008 6:27am
Great work!

Quoting jdcompute
Now here's a great start to a weekend. These two trades took approximately 3hrs to get to this level of profit.
  • #1,406
  • Oct 27, 2008 9:26am Oct 27, 2008 9:26am
Owe it to you for your tutoring

Quoting Spudfyre
Great work!
  • #1,407
  • Oct 28, 2008 12:45am Oct 28, 2008 12:45am
These are the only two pairs that I'm trading and they provide me with adequate trading all day and into the night. I have resolved to removing the amount of $$ that I'm winning/losing and just focus on pips gained/lost in the top window.
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  • #1,408
  • Oct 28, 2008 10:45am Oct 28, 2008 10:45am
Quoting jdcompute
These are the only two pairs that I'm trading and they provide me with adequate trading all day and into the night. I have resolved to removing the amount of $$ that I'm winning/losing and just focus on pips gained/lost in the top window.
good point
i many times will switch to pips cause i think it gives me a better sense of price movement instead of watching dollars. it sounds spooky, but i can "feel" the price movement better when i an tuned in to my pips, daily range and pips per candle.

to the top of the mountain we go JD
  • #1,409
  • Oct 28, 2008 10:53am Oct 28, 2008 10:53am
Quoting KudzuFX
good point
i many times will switch to pips cause i think it gives me a better sense of price movement instead of watching dollars. it sounds spooky, but i can \"feel\" the price movement better when i an tuned in to my pips, daily range and pips per candle.

to the top of the mountain we go JD
Indeed my friend and good to hear from you! Contrary to the comments about 95% of traders failing and all the other stuff, I do believe that this market is predictable and that you can make consistent profits in this thing. Of course the ONE thing I find that is the obstacle for all of us is discipline/self-control. That alone is the killer or lack thereof actually. Working with Spud and you guys has helped me tremendously because I realize that if I have to be accountable (like posting charts and results) it will keep me from doing stupid things like trying to make a trade happen.
  • #1,410
  • Oct 28, 2008 1:22pm Oct 28, 2008 1:22pm
Quoting jdcompute
Indeed my friend and good to hear from you! Contrary to the comments about 95% of traders failing and all the other stuff, I do believe that this market is predictable and that you can make consistent profits in this thing. Of course the ONE thing I find that is the obstacle for all of us is discipline/self-control. That alone is the killer or lack thereof actually. Working with Spud and you guys has helped me tremendously because I realize that if I have to be accountable (like posting charts and results) it will keep me from doing stupid things like trying to make a trade happen.

stupid stuff? yeah, we all have been guilty of that, but if we learn from our mistakes then we're making progress.

I tried many many indicators and EAs. I finally figured out that Stochs work.
  • #1,411
  • Oct 28, 2008 2:44pm Oct 28, 2008 2:44pm
Quoting KudzuFX
stupid stuff? yeah, we all have been guilty of that, but if we learn from our mistakes then we're making progress.

I tried many many indicators and EAs. I finally figured out that Stochs work.
Agreed!
  • #1,412
  • Edited 10:35am Nov 5, 2008 10:08am | Edited 10:35am
There were two decent buy points for mtf trades on the eurusd today. I'm thinking that the best plan is to wait for the h4 to turn down and look for another entry short this time, might not even be today. anyone...anyone...

Or maybe if the h4 continues north and the others pull back a bit, some possible slingshot action long?
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Isolate yourself from the herd
  • #1,413
  • Nov 6, 2008 3:26pm Nov 6, 2008 3:26pm
did you take that trade?
  • #1,414
  • Nov 6, 2008 4:08pm Nov 6, 2008 4:08pm
New trader here, using FXCM.....

I dont have the RVI indicator and was hoping I could get some feedback

Thanks and good luck
DM if you have any questions
  • #1,415
  • Nov 6, 2008 4:19pm Nov 6, 2008 4:19pm
Quoting jkrick33
New trader here, using FXCM.....

I dont have the RVI indicator and was hoping I could get some feedback

Thanks and good luck
Sorry I don't have that indicator.
  • #1,416
  • Edited 7:02pm Nov 6, 2008 6:35pm | Edited 7:02pm
I've been riding this pair down all day. Now I'm ready for some uphill movement.

**Edit: Good thing we're using MTF Stochs. although the 15m passed thru 20 and it looks like it found support for that move from the 30m, things turned back down for a little more movement. It pays to wait for confirmation from more timeframes. It would've been a stronger move if the 30m stoch would've passed thru 20 as well. For right now, I'm just sitting tight waiting for the trade to come to me.
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  • #1,417
  • Nov 7, 2008 11:02am Nov 7, 2008 11:02am
grabbed that eur/usd long for a nice 65 pips...waiting for the stochs to realign once again for another upmove. hopefully it will happen with enough time left in the trading week!
Just focus on the pips. The rest is insignificant.
  • #1,418
  • Nov 8, 2008 12:00pm Nov 8, 2008 12:00pm
Quoting ayaz
grabbed that eur/usd long for a nice 65 pips...waiting for the stochs to realign once again for another upmove. hopefully it will happen with enough time left in the trading week!
Good job..I grabbed about +42 of those.
  • #1,419
  • Nov 8, 2008 10:14pm Nov 8, 2008 10:14pm
thank you all
  • #1,420
  • Dec 11, 2008 9:14am Dec 11, 2008 9:14am
All stochs are overbought. Waiting on a breakdown in price to go short.
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