bringin sexy back - stochastics

Hi piping4life!

I cant wait for the results!!!!!!!!

Hey people, how are you!?

I want to post the most perect signal i ever had I mean just look at it and say this is sexy!!!


I entered after that shooting star came andexited then 5 started coming from oversold

Mmmmm.... Sounds good !!!!!!!!!!!
Please post the results also how long did each of this backtests take ?

Hi,

Just wanted to add that in the last chart i posted shooting star formed also on 61.8 fibo numer - the golden number So it could be like a little confirmation


bye

hi guys, i've finally done the results!

OK first i must say that this took me a long time to do, atleast a gud 5-10 hours.

The results are for the 15 minute timeframe, the 1 hour timeframe and the 5 minute timeframe....the results are very very good, with really good returns, before u trade this system tho u shud do some sort of practice or forward testing because u have to be familiar with valid setups, after doing so much backtesting i have familiarized myself with this system.

This is a perfect example of a system that will give u an edge over the market, it is up to you how u manage your psychology in order to make this as profitable as it can be.

many thanks to boxingislife for creating this method, it could pay off for many years to come.

The rules of the trades are within the spreadsheet however there is some discretion in this system and at the end of the day it will give results based on how u trade it, the backtest is based on taking perfect trades of the system.

good luck guys!! i hope u make many pips

p.s i am going to start trading this method like a robot from 2day onwards and will post some chart examples and also whether my account is growing or not.

pipping

oh forgot to mention that, the account value is the amount i would use, u can change the account value and it should automatically update the amount of profit u make and the amount u trade (this is based on spreadbetting) as i spreadbet, the amount risked per point is based on 2% of capital.

Very fantastic results!!!

Great jobe pipping!Thank you very much for your contribution


Did you got my PM?




p.s. does anybodie whatching charts i post?

sexy! I like the use of the candlestick for confirmation. This was an A class signal in my book. I think Price action is still king even with this strategy. While I am waiting for signals I still do the normal ta using fibs, trendlines, old support/resistance, previous day high/low and pivots. This system works so well because it is a trend continuation system and if you get a signal after a test of resistance or support your stop is safe as houses and you can risk more on these trades.

Hey pippin,
Thanks for taking the time to backtest and sharing your results
Just wondering how you determined the stop loss and take profit parameters you used in your backtest? Im assuming you are referring to london time or at least gmt, is that correct?

hey m.a.c. doug, ur right it is between 8am -12pm GMT as i live in the UK also the highest chance of success because of the UK and US trading hours, i dn't like trading the asian session as much because it doesn't tend to have as much movement, i also need to sleep .

the stop loss and take profit parameters are based upon the opening of a position which i would do from the close of the confirming candle in GMT time.

That is correct me to like to do classic TA, i also like very much candles, dont know how people manage to trade with bars, but i think it doesnt matter then you are get used to it

Hey people. look at that and tell me what do you think!


I think something is going to happne tonight and tomorow, i think we have to be waiting for some good signal on lower timeframes, because daily looks promising!


Tell me your opinion

Hi Pipping
Thanks for results, I notice that there are not may trades on 15min, looks like avereage of one per day. (3 per day on 5min).

Could you post a few screen shots of trades taken, trades rejected as this would help my understanding.

Sorry to keep asking and not giving

regards
Terry

on the 5min or 15 min? i currently trade the 5min as it has a higher chance of returns.

5 min would be great
thanks
Terry

ok, people, as i say yesterday it happened, the eur/usd felt down nicely


I want to post some trades , after it happened


the first trade also has a divergence, so it could be as a confirmation, also not bad candle, so nice trade.


the second is a little more of trend line break trade, also was nice, so enjoy the chart

Ok, this is the trade i took at night, because daily was about to fall down, 4h started to go down so everything was not bad and idecided to get early entry on 15 min.

I put my SL under the recent hight as i thougth, it was scary trade but it worked out

p.s there was also a little divergence so it was like a confirmatiomn


Second trade i took on 5 min, also because i wanted to get early entry, and then tiny consolidation formed on 15min, ((( i marked it blue ))) i jumped to 5 min chart and found good entry


enjoy,

i like this system!!!!!!!!!!!



Pipping4life please post your charts, how is going your trading?

p.s. please, people post your charts and especialy bad trades!!!!

hey zajcik, im liking the use of other Technical analysis with MTF aswell. I've noticed you trade mainly the EURUSD? thats a good pair, i'm more of a GBPUSD trader myself, you only need one currency pair to make enough pips a day. im glad the trade worked out for you.

Here are 3 trades i took today on my live account, i took them purely on the basis of the 5 minute charts without multi-time frame analysis, although it is great, the backtesting i did was purely on the timeframe chosen with no other timeframe involved.

2 Wins (the later two trades) and 1 Loss (the first trade) which gives me a net profit of 10 pips, will post any others today.

hope this helps guys!

Hi,

Nice trades

Well what i also like about this system is that if you get perfect setup on any timeframe you can go with it Everyday i like this system more and more

Pipping4life what TA are doing?If you can tell more how you analyze MTF.

About pairs: i like two pairs eur/usd and gbp/usd but right now more time watching eur/usd . I think if we want to gain maximum amount if pips we can monitor several pairs, but it could be very frustrating also, so i think i will just monitor my two pairs on different TF, and just glance at others , who nows maybe i will spot some good setup


And yeah posting charts definetly helps. In future i will try more detaily explai why i took one or another setup i think it will be much better that just posting and showing good setups


Bye!

here is the last trade of the day and week,

market was moving sideways, opened a position as signaled and the market was close to my stop but it never hit, took the opportunity to close the position with +12 pips to end the week.

I used to previously analyze MTF but now with this method i've just been trading it on a single time frame, its powerful enough to do that. My technical analysis is just support and resistance with a moving average for the trend as i feel that they are the best way to measure price action with good accuracy, so i will look at the hourly s/r and the daily s/r and see if the trade is conflicting with a support or resistance. however due to the natue of a 15 pip take profit in the middle of moves, it usually has no conflict.

enjoy the weekend guys! i like reading about trading psychology over the weekend , which helps with the week's trading.

great info and documentation...im at the 9-5 studying your chart and I even compared the 4hr/Daily with the 5min and no doubt this is a great setup for that 10-15 pips since the 4hr/Daily at that time didn't confirm any extra pips. I commend you on sticking to the system and taking the 12 pips, such mental fortitude!!!