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Spud's Predictive MTF Stochastics

  • #701
  • Nov 19, 2008 7:05am Nov 19, 2008 7:05am
I wasn't in it, just scalped a few pips, but if we look at the chart I believe this entire spike would have been nabbed by the PMTF 5/15 entry system:

orange line = 5m long signal
green line = m15 stoch closed up
enter on the next bar at open
you'd be up like 130 pips or so right now!!!!

darn day job! why can't I be at the computer when this stuff happens!

ps the pivot at your back only makes it better.

pps does anyone know what FOMC Kohn said?
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Isolate yourself from the herd
  • #702
  • Nov 19, 2008 7:11am Nov 19, 2008 7:11am
Quoting CindyXXXX
Just putting it out there Still paying attention to the predictive stochs - Speaking of which I think you better get your sniper ready!
I agree...at this 15m close or the next..
  • #703
  • Nov 19, 2008 7:12am Nov 19, 2008 7:12am
Quoting forexweasel
I wasn't in it, just scalped a few pips, but if we look at the chart I believe this entire spike would have been nabbed by the PMTF 5/15 entry system:

orange line = 5m long signal
green line = m15 stoch closed up
enter on the next bar at open
you'd be up like 130 pips or so right now!!!!

darn day job! why can't I be at the computer when this stuff happens!

ps the pivot at your back only makes it better.

pps does anyone know what FOMC Kohn said?
hehehe..Hey, I missed that one as well and I don't know what Kohn said. I'm never around for those announcements. I did manage to make some good pips around 3:30AM.
  • #704
  • Nov 19, 2008 7:16am Nov 19, 2008 7:16am
Still no entry yet..tempted to scalp a few longs but I'm gonna walk away and grab some coffee
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  • #705
  • Nov 19, 2008 7:17am Nov 19, 2008 7:17am
Quoting forexweasel
pps does anyone know what FOMC Kohn said?
I know before he even got a word in the market started rallying !

BTW I''m not sure I personally would have taken that PMTF signal cause the 15 and 30 were quite high - but that's just me... With that being said it could have supported the rope that formed - which was very low and heading up. (the chart I posted above)

Interesting all the same
Time hides Nothing
  • #706
  • Nov 19, 2008 7:22am Nov 19, 2008 7:22am
Quoting CindyXXXX
I know before he even got a word in the market started rallying !

BTW I''m not sure I personally would have taken that PMTF signal cause the 15 and 30 were quite high - but that's just me... With that being said it could have supported the rope that formed - which was very low and heading up. (the chart I posted above)

Interesting all the same
Hey, I did NOT take that entry. You misunderstood me. I'm still sitting here waiting although I see a spike down on the 5M.
  • #707
  • Nov 19, 2008 7:24am Nov 19, 2008 7:24am
Quoting jdcompute
Hey, I did NOT take that entry. You misunderstood me. I'm still sitting here waiting although I see a spike down on the 5M.
I know was talking about FX Weasels Trade he was talking bout above - hey doesn't look like the 15 or 30 are gonna close under 80 yet the 5 is very low I'm gonna look at the 1m and look for a quick snap long what ya recon
Time hides Nothing
  • #708
  • Nov 19, 2008 7:25am Nov 19, 2008 7:25am
Quoting CindyXXXX
I know was talking about FX Weasals trade

You mean the trade I wish I had taken!

by the way, the m5 short trigger has already fired and looks like the m15 will close down. Since spikes like these usually retrace around 50%, it could be easy 25 or so pips?

...thoughts?
Isolate yourself from the herd
  • #709
  • Nov 19, 2008 7:25am Nov 19, 2008 7:25am
Spud and Gang,

Platform question???

Very nice system...I'am very interested in using the system and have been
learning and trading it in my demo account at "oanda".

I'am new to forex however I used to trade the e-mini-dow. I was
doing great entil the "rope system"?

Question... what trading platform are you using? I was told to use "Oanda"
but it won't put multiple stochastics indicators together on one chart
to make the rope system. So I am thinking that I need to change
brokers/platforms but not sure which one to use so I can demo the
rope system so were all on the same page? What broker/platforms do you
suggest that I use so I can demo/trade these different systems?

Thanks everyone!!! Nice meeting you...

snarlyjack
  • #710
  • Nov 19, 2008 7:26am Nov 19, 2008 7:26am
Quoting forexweasel
You mean the trade I wish I had taken!
Oh that one. I would've taken it. We'll get another shot at those kinds I'm sure.
  • #711
  • Nov 19, 2008 7:28am Nov 19, 2008 7:28am
15m close is 1 minute away but the 5m is quite low...

what are your thoughts? is this still worth taking?
Just focus on the pips. The rest is insignificant.
  • #712
  • Nov 19, 2008 7:29am Nov 19, 2008 7:29am
Quoting snarlyjack
Spud and Gang,

Platform question???

Very nice system...I'am very interested in using the system and have been
learning and trading it in my demo account at "oanda".

I'am new to forex however I used to trade the e-mini-dow. I was
doing great entil the "rope system"?

Question... what trading platform are you using? I was told to use "Oanda"
but it won't put multiple stochastics indicators together on one chart
to make the rope system. So I am thinking that I need to change
brokers/platforms but not sure which one to use so I can demo...
Interbank FX will let you download a demo MT4 with play money, no problem
www.interbankfx.com
am I allowed to put that link there???
I own no stock in interbank FX
Isolate yourself from the herd
  • #713
  • Nov 19, 2008 7:30am Nov 19, 2008 7:30am
Quoting ayaz
15m close is 1 minute away but the 5m is quite low...

what are your thoughts? is this still worth taking?
the m1 is also bottomed, so its a big scary.

...sweet, just nabbed 10 pips! retracements are pretty predictable plus the m5/m15 trigger opened the door.
Isolate yourself from the herd
  • #714
  • Nov 19, 2008 7:34am Nov 19, 2008 7:34am
Quoting ayaz
15m close is 1 minute away but the 5m is quite low...

what are your thoughts? is this still worth taking?
I just jumped in for a quick +25 pips and got out. I'm not sure what's happening. Is there some news out today?
  • #715
  • Nov 19, 2008 7:35am Nov 19, 2008 7:35am
Quoting forexweasel
the m1 is also bottomed, so its a big scary.

...sweet, just nabbed 10 pips! retracements are pretty predictable plus the m5/m15 trigger opened the door.
I'm gonna wait to see if the 5M cycles back to the top and drops to bring the 15M/30M down more. Right now it's hitting right at the 10 line below.
  • #716
  • Nov 19, 2008 7:38am Nov 19, 2008 7:38am
Wow this really looks like art.
  • #717
  • Nov 19, 2008 7:38am Nov 19, 2008 7:38am
Quoting jdcompute
I just jumped in for a quick +25 pips and got out. I'm not sure what's happening. Is there some news out today?
crude oil inventory just came out.
Just focus on the pips. The rest is insignificant.
  • #718
  • Nov 19, 2008 7:47am Nov 19, 2008 7:47am
Quoting jdcompute
I just jumped in for a quick +25 pips and got out. I'm not sure what's happening. Is there some news out today?

this is like the mother of all retracements...I should have stayed in longer, but I'll keep what I got.
Isolate yourself from the herd
  • #719
  • Nov 19, 2008 7:52am Nov 19, 2008 7:52am
Quoting CindyXXXX
Looks good to me -

That long ride up before the short here had a great looking rope apart from the fact that the price line was so high... Would you have taken this SPud or is it invalid?

Check out the way the Stochs (or rope) coverged right before the news and breakout - facinating
Cindy I took that short, actually I'm 70 pips up still going on, if one of black/purple stoch will turn against i'll be out.
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  • #720
  • Nov 19, 2008 7:57am Nov 19, 2008 7:57am
Quoting forexweasel
this is like the mother of all retracements...I should have stayed in longer, but I'll keep what I got.

I got out but I'm back in and staying in until we get our "must exit" signal on the M15.

***Edit: I have to get out because I have to attend a meeting. Oh well..good job guys! As long as we're not negative pips!
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