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MTF Stochastics

  • #321
  • Apr 10, 2007 8:36am Apr 10, 2007 8:36am
These are our results since March 28, 2007

Days Traded: 4
Total Net Pips to Last Completed Trade: 75

Total Trades: 7
Winners: 6
Break-even: 1
Losses: 0
Winning Percentage: 100%
Worst down draw: 53 pips

Daily Goal: 20 pips
Daily Goal Met: 3/3 Today so far: 3

Pips in Pip Bank: 12
  • #322
  • Apr 10, 2007 9:10am Apr 10, 2007 9:10am
Spuds,


Any thoughts on my last comment?


B.
"Skills pay the bill's!"
  • #323
  • Apr 10, 2007 9:25am Apr 10, 2007 9:25am
I guess I'm out of the club huh?


B.
"Skills pay the bill's!"
  • #324
  • Apr 10, 2007 9:32am Apr 10, 2007 9:32am
Bagovino,

I'm waiting for the same thing. I'll tell you, sometimes the method is clear to me; but, at times it still manages to confuse me. Have to look a bit deeper.

Rialto
  • #325
  • Apr 10, 2007 9:44am Apr 10, 2007 9:44am
So right now the Daily is down. The 4hr is curling down at the 80. 1hr is down. 30min is curling up fron the 20. 15min is whipsaw.....

What is this saying????

My take is the 30 is "Re-Loading" for the next short move. So my strategy would be to wait for the 30min to climb to the 80, curl down and take the short....

What do you guys think?

B.
"Skills pay the bill's!"
  • #326
  • Apr 10, 2007 9:51am Apr 10, 2007 9:51am
Quoting bagovino
So right now the Daily is down. The 4hr is curling down at the 80. 1hr is down. 30min is curling up fron the 20. 15min is whipsaw.....

What is this saying????

My take is the 30 is "Re-Loading" for the next short move. So my strategy would be to wait for the 30min to climb to the 80, curl down and take the short....

What do you guys think?

B.
Yup this is pretty much the setup im waiting on bagovino, waiting for the 4hr to start dipping below the 80 as i never take a trade when its above it. Looking for similar setups on cable and the euro aswell.

Mike
  • #327
  • Edited 10:35am Apr 10, 2007 9:51am | Edited 10:35am
I'm still in. up 27
  • #328
  • Apr 10, 2007 10:52am Apr 10, 2007 10:52am
I just closed with +23 pips. Will wait for the 30 min to reload.

Great thread. Great system.

Thanks to all

P.O.P.
  • #329
  • Apr 10, 2007 11:03am Apr 10, 2007 11:03am
please could you say when was or will be optimal entry thx
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BJ
  • #330
  • Apr 10, 2007 11:15am Apr 10, 2007 11:15am
Is somebody using this method during the asian and/or th eLondon sessions?

These are th eonly hours I can trade due to my "real" job.

Would like to know if there is somebody at those hours to share ideas.
  • #331
  • Apr 10, 2007 11:25am Apr 10, 2007 11:25am
I always wonder what funny little guys you have as avatar, he looks really cute

Quoting brainjt
please could you say when was or will be optimal entry thx
  • #332
  • Apr 10, 2007 11:35am Apr 10, 2007 11:35am
thx bj
BJ
  • #333
  • Apr 10, 2007 11:40am Apr 10, 2007 11:40am
Quoting brainjt
please could you say when was or will be optimal entry thx
Look at the charts in Spud's tutorial.

Right now the 15 is just a little higher than we'd like.
The 30 has rounded the corner.
The 1H is not there yet.
The 4 disagrees.

Not optimum. 15/30/1H could align, give you a higher risk entry, but its with the trend, which works for you.
  • #334
  • Apr 10, 2007 11:44am Apr 10, 2007 11:44am
AlCastro

I am living in Japan and together with my trading partner in the UK we are able to cover all the trading hours.

So far I am able to say that this method is really useful in the Asian session. If you look back at the charts you will notice the same pattern of trading occurs on a regular basis. The price will head one way for about the first 2 hours of the Tokyo market opening then at 04.00 GMT will start to turn. and retrace the opposite direction. Co-incidentally the turning point will be at the H3/H4 or the L3/L4 (Camarilla) S/R lines.

This morning the 15/30/1 hr turns signalled the sell from 234.20 down to 233.71 (L4). At that point the 15/30/1 hr turned north and the climb took it up to 235 + before the 4 hr turned down from the 80. Most pairs that we monitor seem to behave in a similar fashion.

We have been trading using the daily stochastic when it retraces through the 80/20 but with the addition of Spuds method we look as though our success rate is going to be even better.

Thanks Spud.

Dave W
  • #335
  • Apr 10, 2007 12:07pm Apr 10, 2007 12:07pm
I will second DaveW, they asian sess traders are trend followers....this system will catch good trades in the session.
  • #336
  • Apr 10, 2007 2:29pm Apr 10, 2007 2:29pm
I just closed another with +19 pips. Will wait for the 30 min to reload again.

Great thread. Great system.

Thanks to all

P.O.P.
  • #337
  • Apr 10, 2007 2:40pm Apr 10, 2007 2:40pm
Quoting Piece Of The Pie
I just closed another with +19 pips. Will wait for the 30 min to reload again.

Great thread. Great system.

Thanks to all

P.O.P.

nice!
  • #338
  • Apr 10, 2007 3:04pm Apr 10, 2007 3:04pm
Hey Bags, you'll never be out of the club! Sorry I was away this afternoon so couldn't respond.

In answer to why do this or that at different times....I'm confusing some people, eh? Keep in mind what I put in this journal is my tried a true method of making pips. My goal being to show people that you can make pips in Forex on a consistent basis.

My fault for stepping out of the "curve" on here. Many apologies for confusing anyone.

You might remember my desk is covered in indicator parts and I continue to play and manipulate things to always get things better or have a few other tricks to make more pips.

I am thinking I will probably start a new thread sharing some of those ideas so that everyone can use them or have some extra tools.

I will keep this thread strictly for the systems I introduced here and continue to help people with that here.

I see a few are gaining pips...fantastic!



Quoting bagovino
I guess I'm out of the club huh?


B.
  • #339
  • Apr 10, 2007 3:08pm Apr 10, 2007 3:08pm
Start at the 4H....it is trending down. So you want to get the 15M/30M/1H all at the top headed down.

It's dangerous to go long here because the stochs might only go part of the way up then turn down again.

Quoting brainjt
please could you say when was or will be optimal entry thx
  • #340
  • Apr 10, 2007 3:15pm Apr 10, 2007 3:15pm
Quoting bagovino
So right now the Daily is down. The 4hr is curling down at the 80. 1hr is down. 30min is curling up fron the 20. 15min is whipsaw.....

What is this saying????

My take is the 30 is "Re-Loading" for the next short move. So my strategy would be to wait for the 30min to climb to the 80, curl down and take the short....

What do you guys think?

B.
Without looking at the charts there are a few ways to play this. The most obvious and probable is that it is likely headed up and the 1H is lagging.
It could also mean that as the 4H curls price will continue to go down and the 1H is supporting that...the 30m would show you as it moves up how much that up move is affecting price. Small moves up and big price gains would show that indeed the 1H/4H will turn up.

The quickest answer, if it doesn't look good...it probably isn't and safer to wait for something better.
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