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  • #1,261
  • Dec 9, 2008 9:43am Dec 9, 2008 9:43am
Wow this thread has been very quiet lately

if you're still trading this method guys post some trades - the good the bad and the ugly lets get this ball rolling again
Time hides Nothing
  • #1,262
  • Dec 9, 2008 10:21am Dec 9, 2008 10:21am
Hi Cindy,

I met some problems to trading this method and is as follows

Quoting Spudfyre
.........

There are 11 trades in 24 hours here and there is no reason why all 11 trades would not have been traded successfully for 10 pips.

......................
we can't stay in front of monitor 24/24 waiting to hunt this entry.
Maybe is better the rope, as spud says, he always uses that to see what happens on chart.
But I have not yet had time to study it.

Lubo

P.s. I am very grateful to Spud for this thread, which has made me known much better and appreciate the stochastic indicator, and its use.

If I know how, I tell You!! Few but Good!!
  • #1,263
  • Dec 9, 2008 10:44am Dec 9, 2008 10:44am
Quoting LuboLabo
Hi Cindy,

I met some problems to trading this method and is as follows



we can't stay in front of monitor 24/24 waiting to hunt this entry.
Maybe is better the rope, as spud says, he always uses that to see what happens on chart.
But I have not yet had time to study it.

Lubo

P.s. I am very grateful to Spud for this thread, which has made me known much better and appreciate the stochastic indicator, and its use.

Yes Lubo we can't catch every entry but what we can do is set an alert for when the PL for example hits an extreme - tats what ive been doing lately...

I am also greatful for spuds efforts I'm sure everyone is - There were many great entries today -
Time hides Nothing
  • #1,264
  • Dec 9, 2008 11:22am Dec 9, 2008 11:22am
Quoting CindyXXXX
Yes Lubo we can't catch every entry but what we can do is set an alert for when the PL for example hits an extreme - tats what ive been doing lately...

I am also greatful for spuds efforts I'm sure everyone is - There were many great entries today -

I apologize for my absence but will come back with some tools that may help you.
  • #1,265
  • Dec 9, 2008 11:26am Dec 9, 2008 11:26am
Quoting CindyXXXX
Wow this thread has been very quiet lately

if you're still trading this method guys post some trades - the good the bad and the ugly lets get this ball rolling again
Well, I got so caught up with looking through Spud's studies with MetaTrade4 (was a good move to install it - much easier to understand what Spud is saying)that I just forgot my bots. Some crashed (because i do not restart after a missed price feed) one made 20 000 € profit on a 100 000 Account.

The next few days I will be looking for more clues in the visual presentation. playing with adjusting some parameters and so on.

Happy trading to you all.

MJ
__Thanks__ MJ
  • #1,266
  • Dec 9, 2008 12:01pm Dec 9, 2008 12:01pm
Quoting Spudfyre
I apologize for my absence but will come back with some tools that may help you.
Ok Mr Spud we are looking forward to it!

Im sure we are all really hoping this thread picks up steam again and has a long life ahead of it
Just focus on the pips. The rest is insignificant.
  • #1,267
  • Dec 9, 2008 12:39pm Dec 9, 2008 12:39pm
Quoting Spudfyre
I apologize for my absence but will come back with some tools that may help you.
You are the GREAT!!


I hope that your news are: stay in front of monitor 1-2 hours a day, catch some great pips , go out and have fun.


Yes, with irony, but with a bit of hope.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #1,268
  • Dec 9, 2008 1:38pm Dec 9, 2008 1:38pm
Quoting CindyXXXX
Wow this thread has been very quiet lately

if you're still trading this method guys post some trades - the good the bad and the ugly lets get this ball rolling again

Cindy, like I posted earlier, I got some bad pip karma by trying to enter against a stronger trend. I'm trying to find some way to avoid that other than the very subjective trend line which you are able to use successfully to keep out of bad trades. If I find anything I will let you know, meanwhile I know spud's gears are turning and he will find the solution.

Meanwhile, I'm afraid to do anything other than an entry supported by the full MTF stoch trade with a lot of stochs just turning from overmarket at the same time and those aren't too frequent.

I don't understand why when I look at these trades in retrospect, they are successful (I think I counted 20 winners and 4 losers in one week) but in real time I can't do as well!

Sad Weasel
Isolate yourself from the herd
  • #1,269
  • Dec 9, 2008 2:46pm Dec 9, 2008 2:46pm
Quoting forexweasel
Cindy, like I posted earlier, I got some bad pip karma by trying to enter against a stronger trend....
Dont worry sad weasel. You are not alone. Im also getting killed with bad trades and im only taking trades with the trend. Im also using the full mtf trades for now until I rebuild some confidence.

Im not worried though, because I know Spud will make everything better and clear up the confusion. Its Spud that got me on the path towards successful trading to begin with. So now I am sure he will be the one to give us our bearings and set us straight again!

Sad Ayaz
Just focus on the pips. The rest is insignificant.
  • #1,270
  • Dec 9, 2008 2:57pm Dec 9, 2008 2:57pm
I might have a suggestion for everyone.

I used to trade the e-mini (mini dow) before coming over to the forex.
One of the indicators that I used on the mini-dow was the
"Guppy Multiple Moving Averages" made popular by Daryl Guppy in
Australia.

The set-up is this:

3 ema blue Short term moving averages/short term investers
5 ema blue
8 ema blue
10 ema blue
12 ema blue
15 ema blue

30 ema red Long term moving averages/long term investers
35 ema red
40 ema red
45 ema red
50 ema red
60 ema red

These moving averages will determine the trend. Short term moving
averages = short term investers. Long term moving averages = long
term investers. Don't go against the short term and long term trends.

You need to scan them up on your platform and watch them for awhile.
They are very accurate and using Spuds stoch's settings it seems very
accurate to me. Just a suggestion for everyone. Hope it helps!

snarlyjack
  • #1,271
  • Dec 9, 2008 3:16pm Dec 9, 2008 3:16pm
Quoting ayaz
Dont worry sad weasel. You are not alone. Im also getting killed with bad trades and im only taking trades with the trend. Im also using the full mtf trades for now until I rebuild some confidence.

Im not worried though, because I know Spud will make everything better and clear up the confusion. Its Spud that got me on the path towards successful trading to begin with. So now I am sure he will be the one to give us our bearings and set us straight again!

Sad Ayaz

Thanks Ayaz...misery loves company!

From PM and chatting some other regulars of the thread, these past days were not too good for most. We need to assess the overall market and find out what are the conditions that made our system less successful...and how do we adapt to them for the future.

FW
Isolate yourself from the herd
  • #1,272
  • Dec 9, 2008 4:59pm Dec 9, 2008 4:59pm
I've been trying this for a while now and it seems to work well...I wanted to know if we can use it with other currency pairs or only on EUR/USD..???

Thanks..
  • #1,273
  • Dec 9, 2008 6:44pm Dec 9, 2008 6:44pm
Quoting ayaz
Dont worry sad weasel. You are not alone. Im also getting killed with bad trades and im only taking trades with the trend. Im also using the full mtf trades for now until I rebuild some confidence.

Im not worried though, because I know Spud will make everything better and clear up the confusion. Its Spud that got me on the path towards successful trading to begin with. So now I am sure he will be the one to give us our bearings and set us straight again!

Sad Ayaz
I had the same issue so I reverted back to the full MTF method to rebuild by account as well. Great day today with 54+ pips in hand.
  • #1,274
  • Edited 10:30pm Dec 9, 2008 10:15pm | Edited 10:30pm
Quoting forexweasel
Cindy, like I posted earlier, I got some bad pip karma by trying to enter against a stronger trend. I'm trying to find some way to avoid that other than the very subjective trend line which you are able to use successfully to keep out of bad trades. If I find anything I will let you know, meanwhile I know spud's gears are turning and he will find the solution.

Meanwhile, I'm afraid to do anything other than an entry supported by the full MTF stoch trade with a lot of stochs just turning from overmarket at the same time and those aren't too frequent....

If by "in retrospect" you mean that you reviewed the past week to see where the good entries were or not I suggest to you that there is a huge difference in seeing where the winners materialized in the past and trading an MTF Stoch set up in actual time. Even those set ups that turned out to be winners may not have looked that way 100% of time while in progress. Maybe I am stating the obvious, but I am still learning that there is a stark difference between picking winners on a completed chart and "feeling" the mtf charts in real time.

I know that's not a solution, but it helps me to know that I need to keep a feel for a "live" stoch.
  • #1,275
  • Dec 9, 2008 10:23pm Dec 9, 2008 10:23pm
Quoting KudzuFX
If by "in retrospect" you mean that you reviewed the past week to see where the good entries were or not I suggest to you that there is a huge difference in seeing where the winners materialized in the past and trading an MTF Stoch set up in actual time. Even those set ups that turned out to be winners may not have looked that way 100% of time while in progress. Maybe I am stating the obvious, but I am still learning that there is a stark difference between picking winners on a completed chart and "feeling" the mtf charts in real time.
no doubt Kudzu, but let me tell you what I did and then you tell me where I went wrong...
Looking at every instance where the priceline was over 90 or under 10 for one week, I then waited until not just the new 5 criteria for a trade were met,but also waited until the M15 crossed 20 or 80 and closed....starting 3 candles past that point cause that's when we would have actually seen that close. then entering on the open of the next candle and setting a TP of 10 pips would have yielded 20 winners and 4 losers. Even if your SL was 50 which we wouldn't do in this sort of system, you'd not lose money, with any stop loss less than 50 you'd make money. I think that's a + result...one which I can not duplicate in real time for the life of me!
Isolate yourself from the herd
  • #1,276
  • Dec 9, 2008 11:30pm Dec 9, 2008 11:30pm
Quoting snarlyjack
I might have a suggestion for everyone.

I used to trade the e-mini (mini dow) before coming over to the forex.
One of the indicators that I used on the mini-dow was the
"Guppy Multiple Moving Averages" made popular by Daryl Guppy in
Australia.

The set-up is this:

3 ema blue Short term moving averages/short term investers
5 ema blue
8 ema blue
10 ema blue
12 ema blue
15 ema blue

30 ema red Long term moving averages/long term investers
35 ema red
40 ema red
45 ema red
50 ema red
60 ema red

These moving averages will determine the trend....
Thanks for the suggestion SnarlyJack but I am struggling to find a combination entry that is going with the trend of your EMA's it seems to be lagging in comparrison with the stochs - Are you seeing something different?
Time hides Nothing
  • #1,277
  • Dec 9, 2008 11:33pm Dec 9, 2008 11:33pm
Quoting forexweasel
no doubt Kudzu, but let me tell you what I did and then you tell me where I went wrong...
Looking at every instance where the priceline was over 90 or under 10 for one week, I then waited until not just the new 5 criteria for a trade were met,but also waited until the M15 crossed 20 or 80 and closed....starting 3 candles past that point cause that's when we would have actually seen that close. then entering on the open of the next candle and setting a TP of 10 pips would have yielded 20 winners and 4 losers. Even if your SL was 50 which we...
well, maybe Spud can offer you some tips. I would say that you should give yourself a lot of screen time on a demo testing your entry skills. Wait for a good real time entry, then automatically exit after you are 5 pips in ahead.

Then write down some brief points on how you actually thought through your entry. Do this exercise 50 times and then look back over your notes to see if you can notice any patterns (good or bad) in your entries and then any patterns that are typical of the good entries.



.
  • #1,278
  • Dec 10, 2008 2:37am Dec 10, 2008 2:37am
me too i had some bad trades this week
i hope we can find a filter for those bad enties
  • #1,279
  • Dec 10, 2008 9:45am Dec 10, 2008 9:45am
This is my first post of the thread after reading through everything, trying it out in live trading, and actually finding merit to the system. In my experience most people start threads that have really had no success at all in trading, but play themselves off as experts. It is apparent to me that Spud really does know his stuff, so I give him mad props.

So far I am 3/3 for this week trading EURUSD, but I do not use Stochs all by themselves. I have simply tried utilizing the MTF stochs to better pinpoint my entries and to determine exits. I have posted a picture of my trading setup just for curiousity's sake only. I encourage everyone to take Spud's knowledge and turn it into something that works for you. I believe that is what he is trying to encourage as well.

One of the best things we all can do to become better traders is to keep a journal of all our trades. My humble suggestion for everyone is to start grading the trades you place so you know how you are actually doing. The two hardest things to do are 1) remain patient and stay in a trade when the signals tell you to do so 2) exit a trade and admit you are wrong. Grading your trades will tell you how you are faring in these regards.

Grading your trade

I like to grade all my trades as suggested by Dr. Alexander Elder. He grades based off channels, but I grade my own trades based off the high/low range of pips from my entry to the best possible exit. I have graded my three trades from this week below. As you will see sometimes a 10 pip trade is an A trade, while a 20 pip trade may only rate a C.

Grading System
Capture more than 30% of available pips = A
Capture between 20-30% of pips = B
Capture between 10-20% of pips = C
Capture less than 10% of pips = D

Trade 1
S eurusd @ 1.2922 Exit @ 1.2912 +10 pips
Range: 1.2925 - 1.2907 = 18 pips
10/18 = .5555 or 56%
Grade: A

Trade 2
B eurusd @ 1.2874 Exit @ 1.2896 +22 pips
Range: 1.2867 - 1.3000 =133 pips
22/133 = .1654 or 17%
Grade: C

As you can see I was far too impatient on trade 2 as I missed a boatload of pips. The trend was in my favor and the escalator was in motion. Still a C is passing and acceptable for now. Just a lesson to be learned along the way.

Hope the grading system helps some other traders, and thanks to Spud for all the time he has taken outlining this information for free!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_stochs.gif Size: 37 KB
  • #1,280
  • Dec 10, 2008 10:00am Dec 10, 2008 10:00am
Quoting Tarheel
One of the best things we all can do to become better traders is to keep a journal of all our trades. My humble suggestion for everyone is to start grading the trades you place so you know how you are actually doing. The two hardest things to do are 1) remain patient and stay in a trade when the signals tell you to do so 2) exit a trade and admit you are wrong. Grading your trades will tell you how you are faring in these regards.
Great advice!
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