bringin sexy back - stochastics

I agree with your filter.

The 20 is above the 50 and both are basically heading up. Under these circumstances the 5 is not reliable to trade. While you can trade an isolated 5 (direction not in agreement with 20 and 50) on 1M and 5M charts, it is not a good idea to do this on the longer time frames. At present, I do not see a signal to trade, particularly when I look at the other time frames, most of which are neutral.

I have included the 4H and daily charts.

The 4H chart shows the 20 and 50 already heading downward although the 5 is already below the 20% level. The daily chart shows the 20 and 50 about to turn down while the 5 has only traveled about 1/4 of the way down to the 20% level.

The red line represents the daily support

trading on nfp day?
come on guys whether its before it or after it happens forget it close ur computers and start ur weekend. if ur that desperate to trade, do it on a demo. i personally dont even bother anymore with nfp week or whether it was a good signal or not.

got it stockkjay thanks

Can you post this indicator please? I couldn't find where to download this! Thanks

here it is :

What do you people think about this pair going into this week? 1hr shows up trend with price consoladating over the last 4 or 5 days. Ma's are trending up although pretty close together with the 5 already crossed. 4hr shows similar. Could be a buy setup huh?

melpheos:
Do you know what the 3 colors mean on the nonLagMA indicator?
Thanks,
Steve

red : downtrend
blue : uptrend
yellow : trend direction change

But it's just a color helper.

thanks
Steve

Trade# 522 EUR/GBP was a bust. The fact that I understand why that happened does not change the fact that it did happen.

GBP/JPY was sharply sold off which caused GBP to be sold and thus for EUR/GBP to climb. The only likely way that this will turn around is for fiber to be sold. To be more specific, fiber would probably have to fall down a well. Alternatively cable would have to climb significantly, which is highly unlikely at the moment.

This looks good for several reasons, including the fact that a pennant or flag has formed and the higher probability in a case like this is for the movement to continue in the direction of the flag pole after the period of consolidation (which we are in) concludes.

The 1H chart looks very good, the 30M and 5M are ok.

I hope someone can help me please, no matter how I tried I could not put all 3 stochs in 1 window, here's what I did: (1) on North Finance MT4, I first click on insert. (2) then mouse over on indicator then click on Stochastic. (3) a popped up window appeared. (4) drag the popped up window to the 1st stochastic window. (5) click OK. ....... But all it did was create Another stoch window, I cannot combine in same window, when I tried to drag the word "stoch" from the list to the 1st stoch window it won't do anything. this seems to be simple to do and I am really upset at myself for not being able to do it, can someone please help me ???

You cannot do it from the insert button, you have to go from the indicator in the Navigator window. Try using that one instead, it should work for you.

moonchild, thank you for replying, can you tell me where is the navigation window and how do I get to it ?

Top left of the platform, next to insert there should be a view button. Under view select navigator. There you will find all the standard and custom indicators loaded in the platform.

Thank you, Moonchild, I finally got it after 3 hours.... Appreciated very Much, thank you.

Ok guys, i think i have definitely found the filter that suits boxingislife strategy.

NonlagMAV5 (V4 is approximatively the same so do not worry about the version) with the following settings :

0-9-0-3-1-0

Add Hama for trend following (this is really up to you but it definitely helps)

Looking to different timeframe does not help much in fact.

If you look each time frame on each currency pair, you will most of the time find one that give each signal necessary to take the good trade.

Signal are :

Perfect stochastic signal (look 1st post of boxingislife :X )
Nonlagma turns yellow with the next 2 or 3 candle or is allready on the right direction (red for downtrend - blue for uptrend )
hama bar turn to the right color (red downtrend, blue uptrend) This is optional but you have a 99% success rate with this signal added.

Side note : the smaller the TF, the longer you might wait for a confirming nonlagma signal (up to 4 candles on M5 )


I repeat, there is no need to watch a confirming TF. If the signal is perfect, it is indeed perfect for this time frame. Well i wont prevent you to watch to other TF, but i came to the conclusion that there is no constitent rule on watching other TF (sometime you need to look 2 TF ahead to have confirmation, sometime the next one, sometime none of them confirm the signal despite it perfectness, well you see the point )

One side note, nonlagma can sometime give a blue or red color despite the f(x)=1 (horizontal line, not sloppy)
In this case, the signal is not that good, wait for yellow (trend change) or sloppy nonlagma

I am trying to modify the source code on nonlagma so that no slope line would give another color but i have not success yet. If someone is good enough and has the time to modifiy it, it would be a nice visual improvement.

hi melpheos,

i wonder why you don't have (100,10,30) stoch on your chart? because you play mostly on H1 and H4, which according to boxingislife, the (100,10,30) indicates the trend on longer TF??

because it - to my point of view - does not give me much information and is not really relevant anymore once you have nonlagma as a filter...

You can trade on any time frame once you have this filter (as far as i can tell)

There is allways one time frame that will give a perfect signal (yet i dont like sub 15 minutes TF which are too fast for me to follow because of my work)

Example : the last 100 pips move was given only by M1 but it was given also given by H1 yet H1 could hardly have been considered as a "perfect signal"

I wait for other to confirm the filter (Moonshine allready had a look on it ) but it seems very good