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Spud's Predictive MTF Stochastics

  • #581
  • Nov 17, 2008 10:37am Nov 17, 2008 10:37am
look @ what happen btw 9am. 10.30gmt today u will see i draw a vertical line to indicate d area 229pip, as u can see all the converge stoch has enter
over bought area
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  • #582
  • Nov 17, 2008 10:51am Nov 17, 2008 10:51am
Quoting jdcompute
Market's ranging this morning seems like. I hate that! I guess this is an exercies in patience.
Hate that too JD but you gotta love the way the stochs are forcing us to sit on our hands while it's ranging, keepinig us out
Time hides Nothing
  • #583
  • Nov 17, 2008 10:57am Nov 17, 2008 10:57am
Quoting CindyXXXX
Hate that too JD but you gotta love the way the stochs are forcing us to sit on our hands while it's ranging, keepinig us out
yes, I do and you seem to have a great handle on this method by the way.
  • #584
  • Nov 17, 2008 11:02am Nov 17, 2008 11:02am
Quoting jdcompute
yes, I do and you seem to have a great handle on this method by the way.
Thanks but theres still a lot that I don't get... I think theres some trades that are really obvious it's mainly when things are overbought and/or oversold it's the stuff in between that gets me scratching my head.

With that said seems theres gonna be a (maybe) a good shorting opportunity sooner or later
Time hides Nothing
  • #585
  • Nov 17, 2008 11:07am Nov 17, 2008 11:07am
Quoting CindyXXXX
Thanks but theres still a lot that I don't get... I think theres some trades that are really obvious it's mainly when things are overbought and/or oversold it's the stuff in between that gets me scratching my head.

With that said seems theres gonna be a (maybe) a good shorting opportunity sooner or later
I'm thinking the same thing. I'm tempted to go long right now for a quick scalp but I won't.
  • #586
  • Nov 17, 2008 11:10am Nov 17, 2008 11:10am
Quoting jdcompute
I'm thinking the same thing. I'm tempted to go long right now for a quick scalp but I won't.

That's how I usually get my fingers burned! So tempting...be afraid be very afraid.
Isolate yourself from the herd
  • #587
  • Nov 17, 2008 11:33am Nov 17, 2008 11:33am
Quoting forexweasel
That's how I usually get my fingers burned! So tempting...be afraid be very afraid.
Whats Warren Buffet say....? Something about only swinging at the easy Pitch.. Words to live by!
Time hides Nothing
  • #588
  • Nov 17, 2008 11:44am Nov 17, 2008 11:44am
Quoting CindyXXXX
Whats Warren Buffet say....? Something about only swinging at the easy Pitch.. Words to live by!
Does anyone else besides me smell a short??
  • #589
  • Nov 17, 2008 11:50am Nov 17, 2008 11:50am
yup...just waiting for the right entry... its been a quiet morning, need some action!
Just focus on the pips. The rest is insignificant.
  • #590
  • Nov 17, 2008 11:55am Nov 17, 2008 11:55am
Quoting jdcompute
Does anyone else besides me smell a short??

I see a short signal on m5/m15 and the m1 stoch is overbought. Should be a good entry now
Isolate yourself from the herd
  • #591
  • Nov 17, 2008 11:59am Nov 17, 2008 11:59am
Quoting forexweasel
I see a short signal on m5/m15 and the m1 stoch is overbought. Should be a good entry now
I don't have the M1 up and my M5 is not pointing down. It's just flat at the moment.
  • #592
  • Nov 17, 2008 12:00pm Nov 17, 2008 12:00pm
Quoting jdcompute
Does anyone else besides me smell a short??
Yeah, it looks as though things are lining up. M5 to H1 are all overbought but this is where it is easy to pull the trigger too early IMHO. I may play it conservative and wait for M30 to head sown, especially on this bullish day.
  • #593
  • Nov 17, 2008 12:01pm Nov 17, 2008 12:01pm
my own comfort level would like to see a little more bend on the M15.
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  • #594
  • Nov 17, 2008 12:07pm Nov 17, 2008 12:07pm
Quoting Jmc
, especially on this bullish day.
I would stay out now or wait for good long opportunities.. anyway m5<m15<m30 so why don't short theoretically?
  • #595
  • Nov 17, 2008 12:08pm Nov 17, 2008 12:08pm
There will probably be another entry possibly with the m30 at our backs if it turns down too. I'm in at the green line and out for +10. Even though the m15 is not going down steeply, it did close down per the boxed stoch indicator (and is still down in the forming candle) so I went for it. I'm getting a bit paranoid now and only like to enter when even the m1 is overbought/oversold and preferably turned in my direction.
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Isolate yourself from the herd
  • #596
  • Nov 17, 2008 12:13pm Nov 17, 2008 12:13pm
seeing as the 15m looks like it may close below 80 but the 5m is already down at 20 I wanna see the 30m following the 15m first before I go short.

If the 5m was still high I'd be in now
Time hides Nothing
  • #597
  • Nov 17, 2008 12:39pm Nov 17, 2008 12:39pm
the good news is the 30 closed down. the bad news is the 15 still hasn't closed below 80
Isolate yourself from the herd
  • #598
  • Nov 17, 2008 12:42pm Nov 17, 2008 12:42pm
Quoting forexweasel
the good news is the 30 closed down. the bad news is the 15 still hasn't closed below 80
I'm not seeing that on mine. I'm wondering if my charts are inaccurate since I had to reinstall MT4 following my crash the other day.
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  • #599
  • Nov 17, 2008 12:49pm Nov 17, 2008 12:49pm
Quoting jdcompute
I'm not seeing that on mine. I'm wondering if my charts are inaccurate since I had to reinstall MT4 following my crash the other day.
30 looks flat but Skylines last bar indicator shows a down arrow so it did close down although just a bit.
Time hides Nothing
  • #600
  • Nov 17, 2008 1:17pm Nov 17, 2008 1:17pm
If the M15 now closed up, we'd have a PMTF long signal right? I'm not feeling very confident right now about anything!
Isolate yourself from the herd
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