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Spud's Predictive MTF Stochastics

  • #421
  • Nov 14, 2008 8:00am Nov 14, 2008 8:00am
Looks to me now to find a good price to go long (gold is raising from yesterday to 745), I guess I should wait m5 stochastig to go back to 10 or maybe I missed the last cross.. still trying to learn the mtf setup, anyway I'm long at 1.2677
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  • #422
  • Nov 14, 2008 8:31am Nov 14, 2008 8:31am
Quoting fxcompass
Looks to me now to find a good price to go long (gold is raising from yesterday to 745), I guess I should wait m5 stochastig to go back to 10 or maybe I missed the last cross.. still trying to learn the mtf setup, anyway I'm long at 1.2677
i liked the look of that one too but seems to be struggling to go up at the moment but the 15 is still pointing up and the 30 after they just updated and the 5m still above 15...
Time hides Nothing
  • #423
  • Nov 14, 2008 8:38am Nov 14, 2008 8:38am
yes is still to early, but it seems is going to happen soon
  • #424
  • Nov 14, 2008 8:38am Nov 14, 2008 8:38am
Quoting CindyXXXX
i liked the look of that one too but seems to be struggling to go up at the moment but the 15 is still pointing up and the 30 after they just updated and the 5m still above 15...
I took that long at 13:35 but I cheated a little bit on entry (my fault) infact M15 at that time was still pointing down. As far as I understand for the correct entry I had to enter when M15 went up at 13:45 thus entering at 13:50 on M5 charts (price was going up so long trigger was a valid one).
Btw now trade is up about 20 pips , will exit if M15 point down or M5 reach 90% since we are on friday and prefer to close as soon as possible this trade.
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  • #425
  • Nov 14, 2008 8:48am Nov 14, 2008 8:48am
Quoting fxcompass
Looks to me now to find a good price to go long (gold is raising from yesterday to 745), I guess I should wait m5 stochastig to go back to 10 or maybe I missed the last cross.. still trying to learn the mtf setup, anyway I'm long at 1.2677

Lets see if i got this right:

At the time of your post, we had gotten a long trigger at 13:20. M15 has just turned up, M30 and H1 are low and pointing up. H4 is high so we know our stochs need to go up and get H4. M5 price is up from the trigger point, so this seems to be a valid long entry. I entered at the close of the first upwards moving M15 candle.

Rough start: the first 45 minutes of this trade were in the negative pips. As im writing is has come around to the plus side now. If it werent for the 3 TFs starting low and moving up, and what I know from previous Spudology, I would have probably abandoned this mission.
Just focus on the pips. The rest is insignificant.
  • #426
  • Nov 14, 2008 8:54am Nov 14, 2008 8:54am
Closed finally my long trade with a nice 55 pips gain since M5 closed above 90% ( I could had continue to hold trade since M15 is still rising but I prefered to close at first hint ).

Edit : to be noted how M15 helped me to stay in trade even when pips went negative because never pointed definitelly down (also M30 was slightly climb)
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  • #427
  • Nov 14, 2008 9:02am Nov 14, 2008 9:02am
Quoting ayaz
Lets see if i got this right:

At the time of your post, we had gotten a long trigger at 13:20. M15 has just turned up, M30 and H1 are low and pointing up. H4 is high so we know our stochs need to go up and get H4....
I agree with your analisys Ayaz , it was a little bit annoying this trade because was negative for a lot of time but in the end following the mtf rules we predicted very easily the up move (and price is still going up eheeh)
  • #428
  • Nov 14, 2008 9:08am Nov 14, 2008 9:08am
Quoting skyline
Closed finally my long trade with a nice 55 pips gain since M5 closed above 90% ( I could had continue to hold trade since M15 is still rising but I prefered to close at first hint ).

Edit : to be noted how M15 helped me to stay in trade even when pips went negative because never pointed definitelly down (also M30 was slightly climb)
im still in this one as M15 is still in our direction, but the pips are back in the negative.
Just focus on the pips. The rest is insignificant.
  • #429
  • Nov 14, 2008 9:10am Nov 14, 2008 9:10am
when the 5 crosses the 15 and/or the 30, is that considered to be a time to exit?
Just focus on the pips. The rest is insignificant.
  • #430
  • Nov 14, 2008 9:11am Nov 14, 2008 9:11am
nice trade
  • #431
  • Nov 14, 2008 9:22am Nov 14, 2008 9:22am
I'm also trying to understand the exit strategy, I should read again first post...

I matched my chart with the latest m5 posted by skyline, the stochastic match perfectly, is just the time different but is ok, good to have the same chart
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  • #432
  • Nov 14, 2008 9:25am Nov 14, 2008 9:25am
Quoting ayaz
im still in this one as M15 is still in our direction, but the pips are back in the negative.
Yep, same thing here. I just closed out though at -15 so I'll just hold tight. I'm just not too sure of the ups and downs right now. We're seeing more drawdown today. I'll probably wait to see if things line up good for a short later. If not, I'm just out for the day unless I see a really good long setup. But with the H4 still high like that, I'm hanging out until a short setup.. Then I'll more than make up my -15 pip loss.
  • #433
  • Nov 14, 2008 9:26am Nov 14, 2008 9:26am
Quoting ayaz
when the 5 crosses the 15 and/or the 30, is that considered to be a time to exit?
I guess it's time to exit if you have a short trigger validated or to be more safe if M15 turn down. But as far as I can see now M15,M30 and H1 are still pointing up.
  • #434
  • Nov 14, 2008 9:31am Nov 14, 2008 9:31am
Quoting fxcompass
I'm also trying to understand the exit strategy, I should read again first post...

I matched my chart with the latest m5 posted by skyline, the stochastic match perfectly, is just the time different but is ok, good to have the same chart
Yes it's better to have the same broker chart so to avoid confusion imho
Fxcompass , Cindy solved her problem with stoch_nolastbar v2 indicator, simply put it without any other stochastic indicator in the same chart and it should works fine.

Cheers,
Skyline
  • #435
  • Nov 14, 2008 9:37am Nov 14, 2008 9:37am
closed the trade at -25.
Just focus on the pips. The rest is insignificant.
  • #436
  • Nov 14, 2008 9:37am Nov 14, 2008 9:37am
Quoting jdcompute
Yep, same thing here. I just closed out though at -15 so I'll just hold tight. I'm just not too sure of the ups and downs right now. We're seeing more drawdown today. I'll probably wait to see if things line up good for a short later. If not, I'm just out for the day unless I see a really good long setup. But with the H4 still high like that, I'm hanging out until a short setup.. Then I'll more than make up my -15 pip loss.
I entered long at the 14:15 candle (1.2658) and closed at 14:40 for a quick 30 pips this morning. Many thanks Spud
  • #437
  • Nov 14, 2008 9:41am Nov 14, 2008 9:41am
If we get a valid long at this point, would you take it?
H1 is still low, 15 and 30 are mid to high.. is it worthwhile?
Just focus on the pips. The rest is insignificant.
  • #438
  • Nov 14, 2008 9:41am Nov 14, 2008 9:41am
Thanks I'll try now to load the inidcator, I have stochastic on other charts, I'll give atry looks really helpfull
I posted a new good long to me..
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  • #439
  • Nov 14, 2008 9:48am Nov 14, 2008 9:48am
Quoting fxcompass
Thanks I'll try now to load the inidcator, I have stochastic on other charts, I'll give atry looks really helpfull
I posted a new good long to me..
Mmm I'm not sure about this is a validated long for these reasons :

* M5 price isn't climbing up since trigger point at 15:35
* M15 is still pointing down

don't you agree ?
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  • #440
  • Nov 14, 2008 9:51am Nov 14, 2008 9:51am
Quoting ayaz
If we get a valid long at this point, would you take it?
H1 is still low, 15 and 30 are mid to high.. is it worthwhile?
I don't know maybe it could be good for a quick scalp exiting when M5 pass 90% but actually I don't see any valid long setup.
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