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MTF Stochastics

  • #1,421
  • Dec 11, 2008 7:51am Dec 11, 2008 7:51am
Just on price action, looks like it tried to break xx75 three times now and failed and is retracing, if it drops below the "shoulder" area around xx23 and the MTF stochs confirm, could be a big one down. (its about time!)
Isolate yourself from the herd
  • #1,422
  • Dec 11, 2008 10:09am Dec 11, 2008 10:09am
I went long at the vertical line for a quick rubberband trade and what a trade it was
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  • #1,423
  • Dec 13, 2008 12:06am Dec 13, 2008 12:06am
Starting this week, 12/15/2008, I will begin posting my trades using Spud's MTF Stochastic system. I invite all to chime in with questions, comments, and suggestions. I wish to express my sincere thanks to Spud for his contributions and to all others who have helped me in my journey of learning profitable forex trading.
  • #1,424
  • Dec 13, 2008 12:27am Dec 13, 2008 12:27am
hello jdcompute

Wich mtf indicator are you using ? can you post a template ?
I looking forward to see your trades next week i realy like this thread im glad somone start to post on this thread again.
  • #1,425
  • Dec 13, 2008 5:38am Dec 13, 2008 5:38am
Quoting jdcompute
I went long at the vertical line for a quick rubberband trade and what a trade it was
JD it would be great if someone could come up with an indicator for elasticity like %change stochs>%change price that would alert you as that lower time frame stoch went downward.....cause it would clue you in to the possiblity of a slingshot upward. This concept was suggested on the other thread.

Good luck with MTF pipology I will watch along with you.

FW
Isolate yourself from the herd
  • #1,426
  • Dec 13, 2008 7:41am Dec 13, 2008 7:41am
Quoting forexweasel
JD it would be great if someone could come up with an indicator for elasticity like %change stochs>%change price that would alert you as that lower time frame stoch went downward.....cause it would clue you in to the possiblity of a slingshot upward. This concept was suggested on the other thread.

Good luck with MTF pipology I will watch along with you.

FW
Thanks!
  • #1,427
  • Edited Dec 15, 2008 7:27am Dec 14, 2008 9:37pm | Edited Dec 15, 2008 7:27am
Alright, it's Sunday night and I'm looking at the charts. All the stochs on the eurusd are overbought. We'll see if we start to get a breakdown in price or if things will stay in the overbought range for a while.


**EDIT: Stochs turned down but price didn't follow too much so I passed on the trade. Waiting for another setup.
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  • #1,428
  • Dec 15, 2008 7:32am Dec 15, 2008 7:32am
It's Monday morning and this pair is moving upwards strongly. I will either wait for a retrace or for the 15M to pull away and ride an elastic trade back up.
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  • #1,429
  • Dec 15, 2008 12:25pm Dec 15, 2008 12:25pm
So this is where the party is hey?

Nice posts JD keep them coming..

Cheers
Time hides Nothing
  • #1,430
  • Dec 15, 2008 1:09pm Dec 15, 2008 1:09pm
I knew the way things were trending today, that a short wasn't likely so I waited patiently for the elastic trade. As Spud says, after you watch these stochs for so long, you begin to pick up on what direction things are going to go but it's important not to act on the anticipated move until it really happens. I took this one at the red vertical line. I'm out now and I'm waiting for either another elastic trade or a short. I'm trying to make some quick XMas cash
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  • #1,431
  • Dec 16, 2008 3:55am Dec 16, 2008 3:55am
Hi JD just a question with your rubberband entry there....

THe 5m hasnt gone under 20 so (for me) theres no reference point of when to enter (crossing up above 20 for e.g) - How do you decide when the 5m is "snapping back"?

Thanks

BTW - lately ive also reverted back to the old skool MTF systems - working fantastically

Thanks

One more thing - Notice the hidden (bullish) divergence there on your entry? Good stuff
Time hides Nothing
  • #1,432
  • Dec 16, 2008 8:16am Dec 16, 2008 8:16am
Quoting CindyXXXX
Hi JD just a question with your rubberband entry there....

THe 5m hasnt gone under 20 so (for me) theres no reference point of when to enter (crossing up above 20 for e.g) - How do you decide when the 5m is "snapping back"?

Thanks

BTW - lately ive also reverted back to the old skool MTF systems - working fantastically

Thanks

One more thing - Notice the hidden (bullish) divergence there on your entry? Good stuff
Good to hear from you :-) No, I wasn't looking at the divergence but I do pay attention to it normally, just not this time. Also, I'm not trading with the 5M, only the 4h/1h/30m/15m. I'll enter when I see the M15 stoch turn.
  • #1,433
  • Dec 16, 2008 8:37am Dec 16, 2008 8:37am
I seem to always fall asleep right before the big move up. I stay up waiting and right before it turns to run up, I end up falling asleep. So here we are yet again in the overbought market. I don't think a short is likely especially with the news that the Fed may cut the interest rate again. So that being said, I'm more inclined to think that we will see a little retrace and an elastic trade back to the overbought higher TF stochs again.
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  • #1,434
  • Dec 16, 2008 8:42am Dec 16, 2008 8:42am
Quoting jdcompute
Good to hear from you :-) No, I wasn't looking at the divergence but I do pay attention to it normally, just not this time. Also, I'm not trading with the 5M, only the 4h/1h/30m/15m. I'll enter when I see the M15 stoch turn.
ahh the 15 of course! thanks
Time hides Nothing
  • #1,435
  • Dec 16, 2008 8:52am Dec 16, 2008 8:52am
jd ... good to see your posts ... I like the way your explaining what you see and when patience is needed

it looks like you have all the stoch's in one box for the different time frames .. is there a templet I can download for that?
  • #1,436
  • Dec 16, 2008 8:56am Dec 16, 2008 8:56am
Quoting trixtuf
jd ... good to see your posts ... I like the way your explaining what you see and when patience is needed

it looks like you have all the stoch's in one box for the different time frames .. is there a templet I can download for that?
You need this indicator first - sorry don't have a template personally I like to watch them in different windows....
Attached File(s)
File Type: mq4 #MTF Stochastic v2.0.mq4   6 KB | 1,871 downloads
Time hides Nothing
  • #1,437
  • Dec 16, 2008 8:57am Dec 16, 2008 8:57am
Thank you Cindy
  • #1,438
  • Dec 16, 2008 9:39am Dec 16, 2008 9:39am
Quoting trixtuf
jd ... good to see your posts ... I like the way your explaining what you see and when patience is needed

it looks like you have all the stoch's in one box for the different time frames .. is there a templet I can download for that?
Sure, no problem. This system does require patience and that was the hardest thing for me to learn. Once you get that part down, you will find yourself rewarded with very good trades again and again. As Spud says, there's no sense in putting yourself at risk when you know a setup will be coming in an hour or so. My suggestion is to read this thread a couple of times and get this system down. It is by far one of the most successful that I've found on this forum.
  • #1,439
  • Dec 16, 2008 11:31am Dec 16, 2008 11:31am
Hello JD. Thanks for sharing your charts. I noticed you have three indicators on your chart and I'm wondering where I can download them? They are: previous day's range, current day's range and the pivots.

Best Regards
Max
  • #1,440
  • Dec 16, 2008 12:24pm Dec 16, 2008 12:24pm
Quoting maxreturn
Hello JD. Thanks for sharing your charts. I noticed you have three indicators on your chart and I'm wondering where I can download them? They are: previous day's range, current day's range and the pivots.

Best Regards
Max
Here you go. Man I'm missing out on the good move up due to the interest rate cut. I knew it was coming but just my luck that I had to leave the office and be away from my computer at the time.
Attached File(s)
File Type: mq4 EJ_Pivot_DWM.mq4   13 KB | 687 downloads
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