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Spud's Predictive MTF Stochastics

  • #361
  • Nov 13, 2008 8:50am Nov 13, 2008 8:50am
Did anyone else see a long entry at 13:30ish? I had a long trigger then my M15 stoch closed up and I entered long....and got HAMMERED big time. The next 15 stoch closed down and I died. Did I accidently step on a news landmine or just entered wrong. Please take a look at your charts at 13:30 and let me know..Thanks!

FW
Isolate yourself from the herd
  • #362
  • Nov 13, 2008 9:06am Nov 13, 2008 9:06am
Quoting forexweasel
Did anyone else see a long entry at 13:30ish? I had a long trigger then my M15 stoch closed up and I entered long....and got HAMMERED big time. The next 15 stoch closed down and I died. Did I accidently step on a news landmine or just entered wrong. Please take a look at your charts at 13:30 and let me know..Thanks!

FW
I'm not at the computer with my charts right now so I can't see. I'm sorry you got hit bad. I have a primitive setup on this computer and I just entered short right now and am up +7 but I'll watch the 5m/15m to see if I'm going to stay in longer or not.
  • #363
  • Nov 13, 2008 9:08am Nov 13, 2008 9:08am
I think it would be nice if there were to be a stochastic overbought/oversold alert indicator so that we would just have to check on the charts when we hear the alert. Please, anyone that has it should post it for the benefit of all.
  • #364
  • Nov 13, 2008 9:11am Nov 13, 2008 9:11am
Quoting CindyXXXX
Closing this one at BE.

If I took profit at the first 5m long trigger I could have grabbed 30 pips but I decided to ride the 15 down to 20 but now I just don't like the look of things.

The 15 has gone down a bit since the open of the trade but price is more sideways and not leading it.

EDIT: Things really coming down now I guess I got scared out of this one. Like Spudfyer says if theres no valid long then why leave a short. Live and learn!!!
Agreed. Yesterday there was a few times I would've left under normal circumstances but I remembered that little line from Spud and I stayed in it. The 5m will really put some panic on you sometimes but unless I see the change reflected in the 15m stoch, I'm staying in. By the way, it all worked out for me time and again yesterday.
  • #365
  • Nov 13, 2008 9:12am Nov 13, 2008 9:12am
Quoting jdcompute
I'm not at the computer with my charts right now so I can't see. I'm sorry you got hit bad. I have a primitive setup on this computer and I just entered short right now and am up +7 but I'll watch the 5m/15m to see if I'm going to stay in longer or not.
I'm out at +8 pips. I see the 15m just turned up so I'm at my "Must Exit" point.
  • #366
  • Nov 13, 2008 9:13am Nov 13, 2008 9:13am
Quoting CindyXXXX
+140 pips and counting nice one. There was a nice 70 pip short before that long too.
That'll make for a sweeet weekend
  • #367
  • Nov 13, 2008 9:30am Nov 13, 2008 9:30am
Quoting forexweasel
Did anyone else see a long entry at 13:30ish? I had a long trigger then my M15 stoch closed up and I entered long....and got HAMMERED big time. The next 15 stoch closed down and I died. Did I accidently step on a news landmine or just entered wrong. Please take a look at your charts at 13:30 and let me know..Thanks!

FW
I saw it but didn't like the fact that the 30 and H1 were up high and turning over... Also I was expecting them too fall to pick the H4 up (not that they did in the end!)

Things seemed to go a bit whacky right around that news time but the figures came out as expected on the Trade Balance so there wasn't any surprises there.
Time hides Nothing
  • #368
  • Nov 13, 2008 9:39am Nov 13, 2008 9:39am
That makes sense, I also noticed that the M15 was about midway down when it hooked up briefly, triggering my buy, then continued on its way down. Perhaps the M15 being in the middle of the stoch range was a clue to the indecisiveness of the price at that moment?

FW
Isolate yourself from the herd
  • #369
  • Nov 13, 2008 9:46am Nov 13, 2008 9:46am
Quoting forexweasel
That makes sense, I also noticed that the M15 was about midway down when it hooked up briefly, triggering my buy, then continued on its way down. Perhaps the M15 being in the middle of the stoch range was a clue to the indecisiveness of the price at that moment?

FW
That's a fair call in my brief experience with this it seems the "safest" trades are trading a short when the 15m (or/and 30m as well the more the merrier!) is high and a long when it's low.
Time hides Nothing
  • #370
  • Nov 13, 2008 10:23am Nov 13, 2008 10:23am
Just hoping for a quick scalp here riding the 5m down to 20 cause I'm tired ha
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.jpg Size: 152 KB
Time hides Nothing
  • #371
  • Nov 13, 2008 10:34am Nov 13, 2008 10:34am
ok maybe this was a bad entry - exiting cause the 15's turned up for a quick scalp I shoulda grabbed the 15 pips.

hopefully Spud can comment on this -

I thought everything was lined up ok with the 4hr guage at the bottom and the higher TF's above it etc.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.jpg Size: 154 KB
Time hides Nothing
  • #372
  • Nov 13, 2008 11:18am Nov 13, 2008 11:18am
cindy
this is the last one i took i m +41 now
regards
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Click to Enlarge Name: 1.gif Size: 44 KB
  • #373
  • Nov 13, 2008 11:52am Nov 13, 2008 11:52am
Quoting imad
cindy
this is the last one i took i m +41 now
regards
You didn't follow the exact rules according to spud as seen on the charts you have posted. Do you?
  • #374
  • Nov 13, 2008 12:09pm Nov 13, 2008 12:09pm
hi
i am not sure if i have followed the rules , i am trying to learn , i took 3 trades today and i got many green pip
i wish spud can comment
regards
  • #375
  • Edited 12:56pm Nov 13, 2008 12:26pm | Edited 12:56pm
Quoting CindyXXXX
Just hoping for a quick scalp here riding the 5m down to 20 cause I'm tired ha
I wouldn't have taken that Cindy. You want that M30 at least to be higher or flat, not going up like it is and even better if you can get some support from the H1 as well. With the M30 being higher, it would mean it's close to turning down since it's run up (being 3rd in line behind the 5m and 15m) was almost done.
  • #376
  • Nov 13, 2008 12:54pm Nov 13, 2008 12:54pm
Quoting CindyXXXX
ok maybe this was a bad entry - exiting cause the 15's turned up for a quick scalp I shoulda grabbed the 15 pips.

hopefully Spud can comment on this -

I thought everything was lined up ok with the 4hr guage at the bottom and the higher TF's above it etc.
I think you answered your own question.....you went in for a quick scalp..got 15 PIPS and didn't exit? I'd play this as more towards "elasticity". I'd be more inclined to sit and wait for the M5 to bottom out and grab the long...following M5 up...rather than taking the short in this case.....be picky on your trades.
I'm not at my computer so will take a deeper look later.
  • #377
  • Nov 13, 2008 1:01pm Nov 13, 2008 1:01pm
Wahnone,

Hope this indicator is of some assistance:
Attached File(s)
File Type: mq4 #MTF_FibBreakout1[1].3.mq4   9 KB | 495 downloads
  • #378
  • Nov 13, 2008 1:57pm Nov 13, 2008 1:57pm
do we ve to close a position or to delay an entry during the news time ?
  • #379
  • Nov 13, 2008 3:17pm Nov 13, 2008 3:17pm
Any ideas on how to play the huge retracement that's due on this 400 pip move? Standard MTF stoch rules with M5 entry?
Isolate yourself from the herd
  • #380
  • Nov 13, 2008 4:06pm Nov 13, 2008 4:06pm
I'm in already at 1.2788 and moved sl to be after using the standard m5 entry. We'll see how far down it goes (perhaps 50% retracement?) before it gives a MUST close exit.

anyone else in on this?

FW
Isolate yourself from the herd
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