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Spud's Predictive MTF Stochastics

  • #401
  • Nov 14, 2008 4:33am Nov 14, 2008 4:33am
Quoting CindyXXXX
Correct me if I'm wrong Spud or JD but from my understanding H1 is PUlling H4 down and they are both high but they can't come down lower with 15m and 30m oversold.

But now as I type it seems we have a short where the 5m has shot straight up over 90 and the 15 and 30 are still under 20 with H1 Pulling H4 down so for 15 and 30 to come up now the 5m needs to drop to pick them up.
I don't know Cindy , M15 and M30 turned both up , moreover M5 price is going up, I wouldn't call for a short right now but I'd like to hear Spud or JD for a more correct analisys.
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  • #402
  • Nov 14, 2008 4:39am Nov 14, 2008 4:39am
On a sider note : it would be great if everyone following this thread could use IBFX demo to check stoch signals so that we are all aligned and see the same signals (hey I'm not connected with IBFX in anyway)
  • #403
  • Nov 14, 2008 4:41am Nov 14, 2008 4:41am
Quoting skyline
I don't know Cindy , M15 and M30 turned both up , moreover M5 price is going up, I wouldn't call for a short right now but I'd like to hear Spud or JD for a more correct analisys.
Yes I believe the long is valid for the reasons I mentioned above but first the 5m needs to cycle back down to pick up 15 and 30....
Time hides Nothing
  • #404
  • Nov 14, 2008 4:49am Nov 14, 2008 4:49am
I have this unusual situation on EU. The 5min stoch gave a long trigger earlier on and I was waiting for the 15min and 30min to agree along a buy position. Both the 15min and 30min agreed later but by the time they agreed, a short trigger was already on 5min again. Then another turn up on 5min stoch into the overbought area. My question is would you have taken this long signal? Please see attached picture...
Thanks
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  • #405
  • Nov 14, 2008 5:27am Nov 14, 2008 5:27am
Here we go, M5 trigger another possible long signal, if price will climb in next M5 candle and M15 will be still climbing I'll enter long. M15/M30 are perfectly lined up even if H1 and H4 don't like me so much yet.
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  • #406
  • Nov 14, 2008 5:31am Nov 14, 2008 5:31am
Quoting skyline
Here we go, M5 trigger another possible long signal, if price will climb in next M5 candle and M15 will be still climbing I'll enter long. M15/M30 are perfectly lined up even if H1 and H4 don't like me so much yet.
Yep I'm waiting for M5 to cross M15 -

BTW that short would of ended at +5 pips in the end cause it took a lot of heat at the start
Time hides Nothing
  • #407
  • Nov 14, 2008 5:33am Nov 14, 2008 5:33am
Quoting CindyXXXX
Yep I'm waiting for M5 to cross M15
  • #408
  • Nov 14, 2008 5:39am Nov 14, 2008 5:39am
Hi I just discovered this thread and I found it very interesting, I have been always using stochastic on 30 min chart as entry signal and using MTF may help me to find better entry point
I attached this chart of 10 minutes ago, I'm waiting that stochastic on H1 start to rise up instead pointin down to go long, does make any sense?
thanks

Fedus
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  • #409
  • Nov 14, 2008 5:57am Nov 14, 2008 5:57am
entered long @ 1.2693 at close of 11:45 candle in my chart since M5 stoch crossed M15 stoch, let's ride this baby !

Hope Spud will jump in to see what he think about this trade
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  • #410
  • Nov 14, 2008 6:28am Nov 14, 2008 6:28am
Quoting skyline
Here we go, M5 trigger another possible long signal, if price will climb in next M5 candle and M15 will be still climbing I'll enter long. M15/M30 are perfectly lined up even if H1 and H4 don't like me so much yet.
I'm watching that too but I think we're due for some downward move first.
  • #411
  • Nov 14, 2008 6:33am Nov 14, 2008 6:33am
Quoting jdcompute
I'm watching that too but I think we're due for some downward move first.
The position of the H1 seemd to make that trade awkward I exited at the 5 min short trigger for +15
Time hides Nothing
  • #412
  • Nov 14, 2008 6:34am Nov 14, 2008 6:34am
Quoting jdcompute
I'm watching that too but I think we're due for some downward move first.
yes JD I was up 30 pips then suddendly it turned back, now I closed for -5 pips since M15 and M30 are pointing down. Waiting for a new setup
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  • #413
  • Nov 14, 2008 6:36am Nov 14, 2008 6:36am
Quoting CindyXXXX
The position of the H1 seemd to make that trade awkward I exited at the 5 min short trigger for +15
Good shot Cindy , you was much more wise than me !
  • #414
  • Nov 14, 2008 6:59am Nov 14, 2008 6:59am
Looks like we may be seeing a rubberband trade where the 5m/15m trade back to the M30/H1 and watch H4 come down more. But the only thing is that the NY session is about to open and we all know crazy things get at the open.
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  • #415
  • Nov 14, 2008 7:05am Nov 14, 2008 7:05am
Alright, the 5m/15m/30m/1h candles just updated. I see the 1h is supporting a long move but the M5/M15 are both too high making a long at this point a risky trade. It may work out but I'd rather sit by and wait for a better setup. I'm not worried about the H4 right now. I'd rather wait and see the others line up and give me some clear direction.
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  • #416
  • Edited 7:22am Nov 14, 2008 7:05am | Edited 7:22am
Quoting jdcompute
Looks like we may be seeing a rubberband trade where the 5m/15m trade back to the M30/H1 and watch H4 come down more. But the only thing is that the NY session is about to open and we all know crazy things get at the open.
M5 now crossed M15 sounds logical to me JD lets see..

UPDATE: Would have been +60 pips in it already great call
Time hides Nothing
  • #417
  • Nov 14, 2008 7:09am Nov 14, 2008 7:09am
BTW Skyline loving this label on the stochs - sooo much easier to see the crossovers.
Time hides Nothing
  • #418
  • Nov 14, 2008 7:16am Nov 14, 2008 7:16am
Quoting CindyXXXX
BTW Skyline loving this label on the stochs - sooo much easier to see the crossovers.
  • #419
  • Nov 14, 2008 7:25am Nov 14, 2008 7:25am
the m15 saved me to long...
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  • #420
  • Nov 14, 2008 7:30am Nov 14, 2008 7:30am
Quoting CindyXXXX
M5 now crossed M15 sounds logical to me JD lets see..

UPDATE: Would have been +60 pips in it already great call
Thanks Cindy. I'm actually up +10 right now...wish I'd have those other 50 though
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