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  • #821
  • Nov 23, 2008 1:57am Nov 23, 2008 1:57am
i started to reread the thread again for better understanding
i ve a question about the fish hook patern

can we ve a fish hook before a valid entry?
you said :

If we get a valid short entry after this fish hook, or in the hook it is a very good sign
thanks spud
  • #822
  • Nov 23, 2008 3:14am Nov 23, 2008 3:14am
Quoting Spudfyre
Good question and observation. We've added a couple of elements here that add more opportunity.....or different opportunities. Certainly you could play it under those rules only. With the use of the IB and a tighter stop we have good opportunity. This is actualy an elastic trade...since the 14,3,3 is likely to rise up so that the 100,3,3 can come down. With a PWC & IB signal we expect some sort of movement. We also have an exit for this case...since the 14,3,3 may not go all the way up and we need to know where to exit so that we don't get caught...
Ok I see Spud thx !
So the pwc/ib is just another trading tool that give us more opportunity with more or less risk degree depending on the spread and position of origin/price stoch line. I like it and I think it could be applied in those boring ranging days where the normal setup cannot be applied , just to grab some nice pips

Cheers,
Skyline
  • #823
  • Nov 23, 2008 5:14am Nov 23, 2008 5:14am
I am looking foward to try this method. IB trading by itself is a powerful weapon. Now with the PWC added, it must be very awesome. Thanks Spud for sharing so generously.

Harry
  • #824
  • Edited 6:14am Nov 23, 2008 5:44am | Edited 6:14am
Thanks very much Spud for the latest examples I can't wait to try it also - very cool

Just one thing - in all of your latest examples when you have gone short the PMTFS have been lined up with the 5 above the 15, the 15 above the 30 and the opposite with longs ... I know this is what you were showing us with the balls etc.

Is it crucial to have the stochs lined up this way for a valid entry or as per the diagram below?

Thanks again
Attached Image
Time hides Nothing
  • #825
  • Nov 23, 2008 7:38am Nov 23, 2008 7:38am
Quoting CindyXXXX
Thanks very much Spud for the latest examples I can't wait to try it also - very cool

Just one thing - in all of your latest examples when you have gone short the PMTFS have been lined up with the 5 above the 15, the 15 above the 30 and the opposite with longs ... I know this is what you were showing us with the balls etc.

Is it crucial to have the stochs lined up this way for a valid entry or as per the diagram below?

Thanks again
There are many many formations of the stochastics. The idea of the balls was to recognize how they move. For example, when M15 and M30 (and even H1,H4 and daily) are all down or headed down...and M1 and M5 are down...then it will be M1 and M5 that will rise first and this is what we klook for. Conversely if M15-Daily are all up, and M1 and M5 are down then more often than not M1 and M5 will move up (repeatedly) to bring the M15 down..then the M1,M5 and M15 have to cycle to bring the M30 down and so on.

The Sonic indicator is simly a broad overview of all this and if you watch it live with your PMTFS indicators you will see how much information the Sonic provides to you. However, in reality...we are still playing with the balls it is just represented differently.
  • #826
  • Nov 23, 2008 7:41am Nov 23, 2008 7:41am
Quoting skyline
Ok I see Spud thx !
So the pwc/ib is just another trading tool that give us more opportunity with more or less risk degree depending on the spread and position of origin/price stoch line. I like it and I think it could be applied in those boring ranging days where the normal setup cannot be applied , just to grab some nice pips

Cheers,
Skyline
You can say it like that. I think you have a few more tools in your arsenal with PMTFS to be able to pick off trades with close Origin and Price Line spreads...but in the realm of trying to pick trades that are safe and that will make you PIPS in a dependable way, then being picky and trading only the extremes is a good way to start.
  • #827
  • Nov 23, 2008 7:43am Nov 23, 2008 7:43am
Quoting sarah2002
i started to reread the thread again for better understanding
i ve a question about the fish hook patern

can we ve a fish hook before a valid entry?
you said :

If we get a valid short entry after this fish hook, or in the hook it is a very good sign
thanks spud

Yes.
  • #828
  • Nov 23, 2008 10:23pm Nov 23, 2008 10:23pm
Spud,

Can we talk about the price line and orgin line for a second?

Just to clarify my mind, the price line is stoch 100-3-3 and
the orgin line is stoch 14-3-3?

So when you talk about the "cross" your talking about the
stoch's crossing through the 14-3-3 (orgin line) as establishing a long/short
position. Or, the cross of the 100-3-3 (price line) when the
stoch's cross to establish our long/short positions? Or the cross
of both?

One other question please? On my stoch on the m1,m15 and m30
(14-3-3) my stoch have the duel line cross (red/blue line) not
the single line that your stoch 14-3-3 has. I have no idea why?
MY 14-1-1 has the single line like yours but the 14-3-3 has duel
lines. Any idea what I'am doing wrong?

thanks

snarlyjack
  • #829
  • Nov 23, 2008 10:27pm Nov 23, 2008 10:27pm
Quoting snarlyjack
Spud,

Can we talk about the price line and orgin line for a second?

Just to clarify my mind, the price line is stoch 100-3-3 and
the orgin line is stoch 14-3-3?

So when you talk about the "cross" your talking about the
stoch's crossing through the 14-3-3 (orgin line) as establishing a long/short
position. Or, the cross of the 100-3-3 (price line) when the
stoch's cross to establish our long/short positions? Or the cross
of both?

One other question please? On my stoch on the m1,m15 and m30
(14-3-3) my stoch have the duel line cross (red/blue...
The cross....is the 6,1,1 to 13,1,1 (blue) and 15,1,1 to 24,1,1 (red) across the Price Linee (100,3,3) or the Origin Line (14,3,3)//or both...and/or the Origin and red/blue lines crossing the Price Line.

Re: stock...check your colours and select none for the %D.
  • #830
  • Nov 23, 2008 10:42pm Nov 23, 2008 10:42pm
Thanks Spud,

Currently the price line (100-3-3) is very high on the m5, close to
the 85/90 line on the stochs. So currently, would we be looking for a short
position just because the 100-3-3 is so high up on the chart?

I also see the m1, m5, m15 turning down but the m30 is still pointing up.
So no short position yet, but maybe soon?

thanks

snarlyjack
  • #831
  • Nov 23, 2008 10:44pm Nov 23, 2008 10:44pm
Quoting snarlyjack
Thanks Spud,

Currently the price line (100-3-3) is very high on the m5, close to
the 85/90 line on the stochs. So currently, would we be looking for a short
position just because the 100-3-3 is so high up on the chart?

I also see the m1, m5, m15 turning down but the m30 is still pointing up.
So no short position yet, but maybe soon?

thanks

snarlyjack
Yes, with Price so high we want to go short...looking a little overbought right now..so looks like a wait. Just wait for the signals and then go short...should be a good ride when it comes.
  • #832
  • Nov 23, 2008 10:50pm Nov 23, 2008 10:50pm
Thanks Spud,

I'am watching and learning. It's coming together and
making sense.

Once again...Thanks...

snarlyjack
  • #833
  • Edited 1:53am Nov 24, 2008 12:09am | Edited 1:53am
Took a pic of this one while waiting for the short (didn't actually take it unfortunatly) But a nice elastic 15 pip scalp all the same...

Edit: Did I say 15? (it went 50+)
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.jpg Size: 145 KB
Time hides Nothing
  • #834
  • Nov 24, 2008 1:35am Nov 24, 2008 1:35am
Went short here and after a shaky start closed at +11 pips. I should ve held it though right now its at +40 oh well. 11 pips is a nice start to the day for me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Eur5g.jpg Size: 165 KB
Click to Enlarge Name: eur5f.jpg Size: 156 KB
Time hides Nothing
  • #835
  • Nov 24, 2008 2:34am Nov 24, 2008 2:34am
Good start Cindy !
  • #836
  • Nov 24, 2008 3:03am Nov 24, 2008 3:03am
Quoting skyline
Good start Cindy !
Thanks - it ended up the nice escalator that we were expecting, so probebly stupid thing to close it there or to not jump back in - live and learn eh
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.jpg Size: 162 KB
Time hides Nothing
  • #837
  • Nov 24, 2008 4:51am Nov 24, 2008 4:51am
Quoting Spudfyre
In efforts to simplify entry I believe if a gifted indicator programmer could develop something similar as described below, it may significantly help your trades.

What is required is an alert when the current M5 stochastic closes above the last closed M15 stochastic or below the last closed M15 stochastic. The prerequisite is that for an M5 close above the M15, the M5 had to be lower than the M15 stochastic. Vice versa the other way.

When the M5 closes above we want to track it until price has gained 10 pips. (we'd like the 10 pips to be variable)....
hi all,

this thread (especially the beginning) is very interesting. As I'm new to MTF Stochastics I wanted to ask if any of you did more extensive experiements with using only M5/M15 Xover as Entry.

regards MJ


I'm using OANDA so most of the extra tools for MT4 are not applicable.
__Thanks__ MJ
  • #838
  • Nov 24, 2008 5:15am Nov 24, 2008 5:15am
Quoting skyline
Spud , do you think it's possible to define some sort of defined rules based on your MTF Predictive Stochs to create an alert indicator ?
I was thinking to something like this :

Long signal :
1) M5 , K% < 10 and rising
2) M15 , K% > 20 and rising
3) M30 , K% > 20 and rising
4) H1 , K% > 20 and rising
5) H4, K% > 20 and rising

Short signal :
1) M5 , K% > 90 and decreasing
2) M15 , K% < 80 and decreasing
3) M30 , K% < 80 and decreasing
4) H1 , K% < 80 and decreasing
5) H4, K% < 80 and decreasing
hi skyline and all others,

As I'm interested in automatic trading systemsa question: did you (anyone) make any real process in programming Spudfyre's trading approaches?

if so would you mind sharing your current state of thought, calculation ....

Thanks and good trading to you.

MJ
__Thanks__ MJ
  • #839
  • Nov 24, 2008 5:24am Nov 24, 2008 5:24am
Quoting M_j
hi skyline and all others,

As I'm interested in automatic trading systemsa question: did you (anyone) make any real process in programming Spudfyre's trading approaches?

if so would you mind sharing your current state of thought, calculation ....

Thanks and good trading to you.

MJ
I'm no programmer but it sounds like a crazy task to me - theres so many variables that I'd think you'd be better off trading this manually. as I said though I'm no programmer
Time hides Nothing
  • #840
  • Nov 24, 2008 5:26am Nov 24, 2008 5:26am
Quoting M_j
hi skyline and all others,

As I'm interested in automatic trading systemsa question: did you (anyone) make any real process in programming Spudfyre's trading approaches?

if so would you mind sharing your current state of thought, calculation ....

Thanks and good trading to you.

MJ
Hi MJ,
I didn't automatize yet spud's stoch trading system with an EA but there are some indicators developed by me and other coders here that could help in your manual trading.

Cheers,
Skyline
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