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Spud's Predictive MTF Stochastics

  • #601
  • Nov 17, 2008 11:22am Nov 17, 2008 11:22am
Quoting forexweasel
If the M15 now closed up, we'd have a PMTF long signal right? I'm not feeling very confident right now about anything!
I wouldn't go long at any point here. Everything is too high. It may very well go higher but the likelihood of getting burned in a long is extremely high. I picked up +9 on a short scalp
  • #602
  • Nov 17, 2008 11:29am Nov 17, 2008 11:29am
See here, everything is too high to attempt a long. We'll just be patient and wait for a short. The H1 is near exhaustion and if the H4 continues to climb, our lower tf's have to come down to prop it up or linger where they are and all drop together. Either way, a short is the optimum way to go here my friend.
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  • #603
  • Nov 17, 2008 11:33am Nov 17, 2008 11:33am
I think nows a good time to go short... H1 is at 91! 30 just dropped below 80 15 is below 80.. Price is down off the last 5m short trigger.. The only thing I don't like is that 15m is above 30m
Time hides Nothing
  • #604
  • Nov 17, 2008 11:46am Nov 17, 2008 11:46am
Time hides Nothing
  • #605
  • Nov 17, 2008 11:50am Nov 17, 2008 11:50am
Quoting CindyXXXX
I think nows a good time to go short... H1 is at 91! 30 just dropped below 80 15 is below 80.. Price is down off the last 5m short trigger.. The only thing I don't like is that 15m is above 30m

I went short myself :-) +12 right now. We'll see how it goes.
  • #606
  • Nov 17, 2008 11:53am Nov 17, 2008 11:53am
Quoting jdcompute
I went short myself :-) +12 right now. We'll see how it goes.
Yeah interestingly enough as soon as the 15 dropped below the 30 seemed to give it the kick in the guts it needed
Time hides Nothing
  • #607
  • Nov 17, 2008 11:54am Nov 17, 2008 11:54am
It keeps fluctuating but I'm staying in.
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  • #608
  • Nov 17, 2008 12:06pm Nov 17, 2008 12:06pm
Ok heres a question for Spud - The 5m just hit bang on 0 - is this time to exit a short?
Time hides Nothing
  • #609
  • Nov 17, 2008 12:09pm Nov 17, 2008 12:09pm
Quoting CindyXXXX
Ok heres a question for Spud - The 5m just hit bang on 0 - is this time to exit a long?
I'm getting out now and getting back in when I get a short trigger on the 5M.
  • #610
  • Nov 17, 2008 12:15pm Nov 17, 2008 12:15pm
I think it COULD be seen as an exit.
However, personally, based on previous MTF experience, im going to stay in this one. 15m,30m,1h have all crossed/crossing 80 and headed down sharply, so for me this is a trade id lilke to stay in for now.

lets see how it goes....
Just focus on the pips. The rest is insignificant.
  • #611
  • Nov 17, 2008 12:18pm Nov 17, 2008 12:18pm
Quoting ayaz
I think it COULD be seen as an exit.
However, personally, based on previous MTF experience, im going to stay in this one. 15m,30m,1h have all crossed/crossing 80 and headed down sharply, so for me this is a trade id lilke to stay in for now.

lets see how it goes....
I was up +21 but now I'm down some due to the 5M turning up but we haven't gotten our "must exit" signal yet.
  • #612
  • Nov 17, 2008 12:37pm Nov 17, 2008 12:37pm
Quoting ayaz
I think it COULD be seen as an exit.
However, personally, based on previous MTF experience, im going to stay in this one. 15m,30m,1h have all crossed/crossing 80 and headed down sharply, so for me this is a trade id lilke to stay in for now.

lets see how it goes....
I'm out for a while now. I trade until the 15m goes into oversold. If it climbs back up for a dive I'll take it. It'll either stay down or come back up mid-way to pull the 30m/1h down some more. when they all hit the bottom, we wait and do it all over again We had to wait a good while today but we got +20-+30 pips relatively safely and easily.
  • #613
  • Nov 17, 2008 12:37pm Nov 17, 2008 12:37pm
up 38 pips... which is great but the best part is it was ZERO stress. the only thing is picking the exit now. Long trigger? 15m turning up? cross of the 20 line? 15m/30m crossover? decisions decisions......
Just focus on the pips. The rest is insignificant.
  • #614
  • Nov 17, 2008 12:40pm Nov 17, 2008 12:40pm
got to +45 and decided that altho im pretty sure ill continue to go down, i just want to protect my 45 pips and get out. if i see another short setup, ill be back in too.
Just focus on the pips. The rest is insignificant.
  • #615
  • Nov 17, 2008 12:51pm Nov 17, 2008 12:51pm
Quoting ayaz
got to +45 and decided that altho im pretty sure ill continue to go down, i just want to protect my 45 pips and get out. if i see another short setup, ill be back in too.
good job!
  • #616
  • Nov 17, 2008 12:55pm Nov 17, 2008 12:55pm
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

excellent point. as you know sometimes waiting is one of the most profitable things a trader can do.

There will be plenty of ups and downs in days to come.
  • #617
  • Nov 17, 2008 1:47pm Nov 17, 2008 1:47pm
Quoting jdcompute
I'm getting out now and getting back in when I get a short trigger on the 5M.
It is a safe option. However, it can also mean oversold in which case price can drop more....consult M15 and M30..they should be headed down and at least M15 below 80..better if they both are below 80 or at least if M30 looks like it will come down below 80. It is also a good time to consult M1, if it hits 100 and price doesn't move up too much..and M1 cycles quickly from low to high to low with M5 staying down (below say 25-30)...you are oversold and stay in...given M15 and M30's position to keep coming down.

OOPS ..this was a reply to Post #608 "When M5 hits 0 do I exit?"
  • #618
  • Nov 17, 2008 1:52pm Nov 17, 2008 1:52pm
Quoting jdcompute
See here, everything is too high to attempt a long. We'll just be patient and wait for a short. The H1 is near exhaustion and if the H4 continues to climb, our lower tf's have to come down to prop it up or linger where they are and all drop together. Either way, a short is the optimum way to go here my friend.
Be a little cautious on these set ups for overbought conditions...it can leave you dangling in a short entry too early. Watch price movement.
  • #619
  • Nov 17, 2008 3:40pm Nov 17, 2008 3:40pm
anyone watching this potential long setup?

15m,30m,1h are all nice and low....
Just focus on the pips. The rest is insignificant.
  • #620
  • Nov 17, 2008 3:43pm Nov 17, 2008 3:43pm
Quoting ayaz
anyone watching this potential long setup?

15m,30m,1h are all nice and low....

Yep, I'm watching!
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