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Spud's Predictive MTF Stochastics

  • #621
  • Nov 17, 2008 8:35pm Nov 17, 2008 8:35pm
This ones taking a long time to line up.
I just realized ive been sitting in front of my computer for 14 hours. I should call it a day but i really want to see if this one plays out the way it looks like it will.
Just focus on the pips. The rest is insignificant.
  • #622
  • Nov 17, 2008 10:32pm Nov 17, 2008 10:32pm
Here we go! Anyone else looking to go long? Current price is 1.2619 and M5, M15 and M30 are all going up from the trend line. It's a bit choppy but looks good. Comments?

J
  • #623
  • Nov 17, 2008 10:34pm Nov 17, 2008 10:34pm
Quoting Jmc
Here we go! Anyone else looking to go long? Current price is 1.2619 and M5, M15 and M30 are all going up from the trend line. It's a bit choppy but looks good. Comments?

J
Just getting to my charts now. I'll check it out.
  • #624
  • Nov 17, 2008 10:37pm Nov 17, 2008 10:37pm
Quoting Spudfyre
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...
Lol! I was scratching my head on that one
  • #625
  • Nov 17, 2008 10:42pm Nov 17, 2008 10:42pm
Quoting ayaz
This ones taking a long time to line up.
I just realized ive been sitting in front of my computer for 14 hours. I should call it a day but i really want to see if this one plays out the way it looks like it will.
Every single time and I mean EVERY single time I call it quits and go to sleep becaue I'm tired, I wake up only to see a +80-+150 pip move already passing me by.
  • #626
  • Nov 17, 2008 10:44pm Nov 17, 2008 10:44pm
Quoting jdcompute
Every single time and I mean EVERY single time I call it quits and go to sleep becaue I'm tired, I wake up only to see a +80-+150 pip move already passing me by.
I guess that's when the big dogs make their money - when the rest of the players are sleeping in the outfield
Time hides Nothing
  • #627
  • Nov 17, 2008 10:46pm Nov 17, 2008 10:46pm
Might be a rubberband short in a while here before 30M joins the party. hmm - I love how you can turn the last bar back on on Skylines Stoch indicator to see where things may close!
Time hides Nothing
  • #628
  • Nov 17, 2008 10:48pm Nov 17, 2008 10:48pm
Doesn't look like price is following the stochs on this one. I'm still on the side right now.
  • #629
  • Nov 17, 2008 10:54pm Nov 17, 2008 10:54pm
Quoting CindyXXXX
Might be a rubberband short in a while here before 30M joins the party. hmm - I love how you can turn the last bar back on on Skylines Stoch indicator to see where things may close!
I agree. Looks like a rubberband trade setting up.
  • #630
  • Nov 18, 2008 6:49am Nov 18, 2008 6:49am
I have had a few requests to talk about using the Rope & Thread indicator. I have revised it somewhat since my first writing. however, I'm not sure if you would like it talked about in this thread (get it thread ) or the original?

What is it? Rope and Thread is a visualization tool for MTF that works on the convergence and spread of multiple stochastics. Used on the M5, M15 and M30 it is a great tool for following long trends and scalping. It is not a very difficult concept once you know what to look for.

I'd certainly be glad to explain it and the revisions I've made. I've included a template for the ropes.
Attached Image (click to enlarge)
Click to Enlarge Name: ropes.gif Size: 109 KB
Attached File(s)
File Type: tpl rope.tpl   7 KB | 638 downloads
  • #631
  • Nov 18, 2008 6:56am Nov 18, 2008 6:56am
Quoting Spudfyre
I have had a few requests to talk about using the Rope & Thread indicator. I have revised it somewhat since my first writing. however, I'm not sure if you would like it talked about in this thread (get it thread ) or the original?

What is it? Rope and Thread is a visualization tool for MTF that works on the convergence and spread of multiple stochastics. Used on the M5, M15 and M30 it is a great tool for following long trends and scalping. It is not a very difficult concept once you know what to look for.

I'd certainly be glad to explain...


I'm very interested to know your latest revisions about thread&rope method
  • #632
  • Nov 18, 2008 6:58am Nov 18, 2008 6:58am
Same here, Spud. I still use your Stochastic Thread Theory. Thanks.
  • #633
  • Nov 18, 2008 7:54am Nov 18, 2008 7:54am
Quoting Spudfyre
I have had a few requests to talk about using the Rope & Thread indicator. I have revised it somewhat since my first writing. however, I'm not sure if you would like it talked about in this thread (get it thread ) or the original?
Hello Spud,

I still use the "Rope" as one of my main tools so your latest thoughts would be very much appreciated.

The original threads (yes, I get it ) would be the best place I think as they are still active to a certain extent.
TTFN Merlyn
  • #634
  • Nov 18, 2008 8:10am Nov 18, 2008 8:10am
Although I didn't take it, here's another example how powerful the "rope" is even on a 5m chart:
  • #635
  • Nov 18, 2008 8:13am Nov 18, 2008 8:13am
Sorry, here's the chart:
Attached Image
  • #636
  • Nov 18, 2008 8:32am Nov 18, 2008 8:32am
hi rialto
whats is this doted line on your chart a gann line ?if yes what smoothing u r using
thanks
  • #637
  • Edited 8:42am Nov 18, 2008 8:40am | Edited 8:42am
No, Imad, the orange dotted vertical line is hand-drawn to depict how the down candle lines up with the beginning of the rope thread. The white dotted lines are only the daily open. The red and green dotted lines are Demark trendlines. Oh, and the yellow dotted line is a 5 exponential moving average set to close.
  • #638
  • Nov 18, 2008 9:02am Nov 18, 2008 9:02am
rialto
thanks for your reply , if you can share with us the way you place your trades using the rope it would be great .
thanks
  • #639
  • Nov 18, 2008 10:08am Nov 18, 2008 10:08am
Another difficult morning to trade so I'm standing by for a good predictable move. I feel like a sniper ...a trade sniper I guess. Everything just worked out so "textbook-like" on yesterday.
  • #640
  • Nov 18, 2008 11:05am Nov 18, 2008 11:05am
Quoting imad
rialto
thanks for your reply , if you can share with us the way you place your trades using the rope it would be great .
thanks
Hello Imad,

You can go here: http://www.forexfactory.com/showthread.php?t=37111
and read all about it.

I hope that helps.
TTFN Merlyn
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