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Spud's Predictive MTF Stochastics

  • #661
  • Nov 18, 2008 7:44pm Nov 18, 2008 7:44pm
And now we go live for 1 chart....

This is obviously a yukky range market....but you can find a few trades in here....2 easy scalps...target 5 pips...be happy with 3 each...but you can make 5 here on each (our stochs will likely dip below the price as well as above so pretty safe scalps on either side.

Don't ever scalp ropes!!!! Ohhhh so tempting...just never ever ever do it. That price line will hit bottom or top and wait for our rope to cross price at the extremes.

See that fray forming....we may have something coming our way soon. Let's hope so! Otherwise look for another scalp opportunity.
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  • #662
  • Nov 18, 2008 7:46pm Nov 18, 2008 7:46pm
Get ready to scalp short if you are live.
  • #663
  • Nov 18, 2008 7:53pm Nov 18, 2008 7:53pm
Quoting Spudfyre
Get ready to scalp short if you are live.
How do you overlay the purple price line and the black rope in the stoch window?

Thanks/Harry
  • #664
  • Nov 18, 2008 7:56pm Nov 18, 2008 7:56pm
And time to think about getting out of the scalp..see how our red lines are moving up to our blue lines...that always gets me nervous.
Take my 2 pips and run.
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  • #665
  • Nov 18, 2008 7:57pm Nov 18, 2008 7:57pm
Quoting Harry123
How do you overlay the purple price line and the black rope in the stoch window?

Thanks/Harry
Easiest if you just use my template a few posts back.
  • #666
  • Nov 18, 2008 8:03pm Nov 18, 2008 8:03pm
Quoting Spudfyre
Easiest if you just use my template a few posts back.
Spud, I did used the latest one but none of those lines appear.
  • #667
  • Nov 18, 2008 8:15pm Nov 18, 2008 8:15pm
Quoting Harry123
Spud, I did used the latest one but none of those lines appear.
Try downloading from same post, I updated...see if that works.
  • #668
  • Nov 18, 2008 8:29pm Nov 18, 2008 8:29pm
Quoting Spudfyre
Try downloading from same post, I updated...see if that works.
Sorry, still no go. The first version has the black rope but no purple line. The lastest edited tpl from your last post has none of those.
Attached Image(s) (click to enlarge)
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  • #669
  • Nov 18, 2008 8:35pm Nov 18, 2008 8:35pm
Wow Spud, I like the rope V2.0. I will study it a bit and try to incorporate it into my live trading. I am up about 10% ROI this month using your teachings. Thanks again!!
  • #670
  • Nov 18, 2008 8:42pm Nov 18, 2008 8:42pm
Spud, I know your teaching are the best. I seemed to do ok, but I'm losing my confidence now and losing pips. Can you look at this trade. Did I do anything wrong? thanks

first orange line = m5 long signal
first green line = first m15 stoch to close up after signal
second orange line = m5 signal short
first red line = m15 stoch closed down = MUST close

Please take a second to advise. Thanks again for all you do.

doh..I will post the picture below. PS the m30 stoch was pointing up when I entered just so you know.

It closed one pip lower, but with spread and slippage I lost something like 5 pips
Isolate yourself from the herd
  • #671
  • Nov 18, 2008 8:44pm Nov 18, 2008 8:44pm
here it is.
Attached Image (click to enlarge)
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Isolate yourself from the herd
  • #672
  • Edited 9:35pm Nov 18, 2008 8:45pm | Edited 9:35pm
Quoting Spudfyre
Try downloading from same post, I updated...see if that works.
Thank you Spud. It works great now.
Harry


PS: After reading your introduction with focus again, the rope is the 14.3.3 and the price is the 100.3.3. I am embarrassed.
  • #673
  • Nov 18, 2008 9:07pm Nov 18, 2008 9:07pm
Spud,

I've never traded your rope method before. Which do you prefer to use personally, that or the pmtf method? Just curious..and if you're still on, I'm down for some live scalping
  • #674
  • Nov 18, 2008 9:44pm Nov 18, 2008 9:44pm
Quoting jdcompute
Spud,

I've never traded your rope method before. Which do you prefer to use personally, that or the pmtf method? Just curious..and if you're still on, I'm down for some live scalping
I use them all...I set profiles up and switch between them. One day I might figure out how to incorporate them all into one chart
  • #675
  • Nov 18, 2008 9:53pm Nov 18, 2008 9:53pm
Quoting forexweasel
Spud, I know your teaching are the best. I seemed to do ok, but I'm losing my confidence now and losing pips. Can you look at this trade. Did I do anything wrong? thanks

first orange line = m5 long signal
first green line = first m15 stoch to close up after signal
second orange line = m5 signal short
first red line = m15 stoch closed down = MUST close

Please take a second to advise. Thanks again for all you do.

doh..I will post the picture below. PS the m30 stoch was pointing up when I entered just so you know.

It closed one pip lower, but...
Unfortuantely that is all that trade seems to offer. The idea is that we'll lose trades...not huge losses..5 PIPS, 10 PIPS, but over a period of time we'll gain 30 pips and so we'll be up 15 PIPS...and so on.

If you follow thre rope method you'll have a good filter to help avoid these.
  • #676
  • Nov 18, 2008 10:00pm Nov 18, 2008 10:00pm
Quoting Spudfyre
I use them all...I set profiles up and switch between them. One day I might figure out how to incorporate them all into one chart
I can see this system being profitable but I'm not understanding it right now. If I am using it primarily as a system, we're only trading the rope correct? we're not scalping using the frays?
  • #677
  • Nov 18, 2008 10:03pm Nov 18, 2008 10:03pm
Quoting Spudfyre
Unfortuantely that is all that trade seems to offer. The idea is that we'll lose trades...not huge losses..5 PIPS, 10 PIPS, but over a period of time we'll gain 30 pips and so we'll be up 15 PIPS...and so on.

If you follow thre rope method you'll have a good filter to help avoid these.

thank you very much, just wanted to know if I played it right.

I have the rope method up on my screen as well and trying to work with that also.
Isolate yourself from the herd
  • #678
  • Nov 18, 2008 10:49pm Nov 18, 2008 10:49pm
Quoting jdcompute
I can see this system being profitable but I'm not understanding it right now. If I am using it primarily as a system, we're only trading the rope correct? we're not scalping using the frays?
Keep in mind that scalping, while it can be profitable, is very risky. You might as well flip a coin. Having a system is much better, as the "odds" go from 50/50 to 60/40 or 70/30 or whatever... If you scalp, you still need a system. it may be like your other system, but the rules are different. Practice it in a demo before going live and losing big bucks. I speak from experience. Scalping can be alot of fun but it can wipe you out. As with any trade, have a plan and execute your plan. Otherwise, it cam be bad... JMHO
  • #679
  • Nov 18, 2008 11:50pm Nov 18, 2008 11:50pm
Hey all, while I'm new to the rope method myself I created a PDF so I could study this info more easily. Sharing is caring so I thought I'd post it here...

It includes the posts from Spuds earlier thread "Stochastic theory" and also the recent ones... I will update if need be and let you know

Cheers

BTW Spud did you ever finish the "theory" that other 30%?
Attached File(s)
File Type: pdf Spuds Rope Method.pdf   1.3 MB | 1,415 downloads
Time hides Nothing
  • #680
  • Nov 18, 2008 11:55pm Nov 18, 2008 11:55pm
i wish if we leave this thread only for pmtf stochastics method
the rope methods confuses me
i think we must focuse here on this new predictive system with more live examples cause i still need to develope my skills in that method cause i still make mistakes and get lost when things are not clear like yesterday it was a very difficult day for me
the rope method already has an old thread why not making it active again
thats my point of view guys
thanks
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