MTF Stochastics

Quoting TEB63

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I think this is a great system
And I would highly indorse it.
I really like the fact the teaching is so clear!!
of coarse my system is baced on the same Ideas
its an old idea...but both are a little differant.
I think this one is great esp. for new traders

it is a good & long studied way to trade
this one is a little more pure to that idea
it is the old & faithful "top down"

in fact I was glad to see the vernerable Peter Bain
do the same thing with "his Macd" that is done here
on his daily teaching today
(oooop.. it is on todays teaching but it is from
Nov.15,2006 called "who could have guessed.." & its on the pound/dollar)
& he is likely the most well know 4X teaching!!
http://www.forexmentor.com/sampler/
so I think this thread would be a great place to learn
& I personally like Stoch a lot better then the macd

and when I began my thread
it was to show the holy grail of trading is MTF
& this great tread show that again!!

Good luck in trading

Spudfyre keep up the good work!!

TEB

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Quoting Forex1man

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I think this is about the best for a honest broker anyway. Fastbrokers has Metrader4 fixed spread for 6 pips. They also have have a 3 spread that is Metrader4 true ECN but commissions are applied to it, but depending on your volume it still is a good deal, better overrall then MBtradings high commissions.

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Quoting EnkiJr

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Thanks for contributing Forex1man... I looked a them in the past, checked them now, and spoke with them...

they are installing a new website... for now its fastbrokersfx ... I will need to check what the rates will be during the week... fxcm also just announced the reduction of rates... but what is most interesting, is that fastbrokersfx also have NZD/JPY...

Spud... just imagine... ... ... ... Bank Interest... ... ... ... Differential
...........GBP/JPY... .... ... BOE 5.25% / BOJ 0.50% ... ... 4.75%
...........NZD/JPY... ... ...RBNZ 7.50% / BOJ 0.50% ... ... 6.00%

Shouldn't NZD/JPY be even a better rider for SpudTS...?

I will check this broker's London/NY session's rates next week... and if they are low... fastbrokersfx may be the broker I will settle with [will check the fxcm spreads as well]...

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Quoting Forex1man

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I believe the main reason to trade the gbpjpy is the daily range of possible pips that could be taken. Nothing beats gbpjpy it is about 3 times more then nzd/jpy, also another good trade is aud/jpy and the next best to the gbpjpy is the eur/jpy. They will all work like because of their relationships to the usd are the same. I have spent a lot of time trading and studying gbpjpy myself and trade it almost entirely by itself and with using the gbp and jy for finding direction. Now with this master thread much more successfully also. A little hint to help here to trading the gbpjpy, watch also for both the gbp and jpy for moving in the same direction at the same time for short periods of time. That will cause the gbpjpy to move very fast and quickly at a ratio of 2 to 1 of their movement. Doesn't happen a lot but enough to pick up several pips on the side. Understanding more about this pair and this thread should be all you will ever need to be success. Let's make some pips.....

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Quoting EnkiJr

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Thanks for clarification on NZD/JPY Forex1man... long live the GBP/JPY [with low spreads] ... "watch also for both the gbp and jpy for moving in the same direction"... on my MT4 I only have currency pairs... what should I do to also watch gbp and jpy...? one per single chart...? where should I go to see it...? -tks... PS: Spud is referring to "fast moves" as well... now we know why they may be happening... but where/what should I watch for the separated gbp and jpy moves...

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Quoting EnkiJr

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Thanks for clarification on NZD/JPY Forex1man... long live the GBP/JPY [with low spreads] ... "watch also for both the gbp and jpy for moving in the same direction"... on my MT4 I only have currency pairs... what should I do to also watch gbp and jpy...? one per single chart...? where should I go to see it...? -tks... PS: Spud is referring to "fast moves" as well... now we know why they may be happening... but where/what should I watch for the separated gbp and jpy moves...

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Quoting Forex1man

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I am glad to answer this question here and any others but.. this is Spud's thread and as we all know he has worked and is working hard to sincerely help everyone use stochastics to trade with. So, I don't want to get questions started that don't relate to his concept. I am sure you likewise feel the same. I will look into starting another thread to address some of my findings regarding trading the gbpjpy that will benefit all but let's not muddy up the beautiful waters that spud has here.

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Quoting skyline

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I'm reading with interest this journal and what to thank SpudFyre for his great ability to teach difficult insight in a really simple way easily to understand. I hope that he will continue to stay here for a long time to help us to improve our trading
Moreover I'd like to give my little contribute here, sharing this cool Stochastic indicator that give a whole overview about all different stoch timeframe in a single window , hope you like it

Cya,
Skyline

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Quoting bagovino

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Spud,

Great work! I have been following TEB's thread for a while and stumbled upon yours as a result. The 2 tie in beautifully together. What I have learned from yours is the use of the 15/30 together where as TEB just uses a 4hr/30min. The 15 really helps alot!

A question for you to clarify.... In your doc you stated the smaller time frames build the larger, but it seems the 4hr is in the drivers seat here. I'm not arguing because I believe in trading the direction of the 4hr when the 30/15 line up with it. If the smaller where leading the larger it would seem we would ignore the 4hr and take all trades based on the 5/15/30.

Just an observation. I have a feel on when to trade the stochs due to experience, but I think this issue may confuse some new traders.

Again, GREAT WORK!!

Bagovino

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Quoting Spudfyre

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Good point. The 4H is definitely our first signal to look for. However, what I was trying to make clear is just because the 4H is popping above 20 in a long trade you need to look at what the 15M/30M/1H are doing.

Let's say that the 4H shows us a long at the 20 line and is headed up but the 15 and 30 are at the top headed down...and say the 1H is about at the 40 level headed up. What to watch out for is the effect the 15/30 have on the 1H/4H. If the 15/30 are moving the 4H down then they are going to push the 4H down...along with the 1H.

The 4H although a good trigger, is not a good trend setter....unless everything before it is pushing the trend in the direction the 4H is headed. I believe it is a mistake to think because the 4H is trending in a direction...this is the trend.

This is not the case. The 15M/30M may cycle 10 times between 20-80 during a 4H candle....if say the down movement of the 15/30 is stronger than the up cycles than you have to be wary that the 4H is going to go down. It is what the 15/30 are doing that will shape the 4H. The problem with the 4H is that it does not react in a way to give you that early indication.

Back to the bigger picture of all time frames....this is why you get an escalator effect when all are in sync. Basically the 15M hits the first floor, then you hop on the 30M to the second floor, the 1H takes you to the 3rd floor and it is a good time to get off the escalator because more than likely the effects of the 15/30 going back down are going to start to influence the 4H (sooner or later).....if the 4H is still going up.....hop back on the escalator when the 15/30/1H are at the bottom again.

Hopefully that helps explain it better?

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Quoting Spudfyre

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Good point. The 4H is definitely our first signal to look for. However, what I was trying to make clear is just because the 4H is popping above 20 in a long trade you need to look at what the 15M/30M/1H are doing.

Let's say that the 4H shows us a long at the 20 line and is headed up but the 15 and 30 are at the top headed down...and say the 1H is about at the 40 level headed up. What to watch out for is the effect the 15/30 have on the 1H/4H. If the 15/30 are moving the 4H down then they are going to push the 4H down...along with the 1H.

The 4H although a good trigger, is not a good trend setter....unless everything before it is pushing the trend in the direction the 4H is headed. I believe it is a mistake to think because the 4H is trending in a direction...this is the trend.

This is not the case. The 15M/30M may cycle 10 times between 20-80 during a 4H candle....if say the down movement of the 15/30 is stronger than the up cycles than you have to be wary that the 4H is going to go down. It is what the 15/30 are doing that will shape the 4H. The problem with the 4H is that it does not react in a way to give you that early indication.

Back to the bigger picture of all time frames....this is why you get an escalator effect when all are in sync. Basically the 15M hits the first floor, then you hop on the 30M to the second floor, the 1H takes you to the 3rd floor and it is a good time to get off the escalator because more than likely the effects of the 15/30 going back down are going to start to influence the 4H (sooner or later).....if the 4H is still going up.....hop back on the escalator when the 15/30/1H are at the bottom again.

Hopefully that helps explain it better?

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