bringin sexy back - stochastics

Hello people, one more nice setup on cable 1hchart.

As I said earlier i will try to post MTF charts and say why i took the trade and then Comments are very apriecieated!!!!

So, as you can see the 4h shows move down. After that I go to 1h chart and wait for the setup and hear we go, hear it is - nice and good setup

Both 20 and 50 going down, a consolidation is formed so I enter on the open of the marked candle. Exited the position on those two yellow marked candles - I didnt liked them, and, yess, i know maybe i should have moved my SL to BE and wait a little - that would be just great, but you know there will be more good setups and 28 pips is very nice goal

Bye

Hello again people

Want to post trade i took recently, take a look. The picture on 4h is the same as it was - DOWN.

I went to 30min and saw that a consilidation is in place, so i entered after line brak, take a look I am trailing this trade with an trailing EA.


Bye

Is anybodie hear?

Good timing but after such a long move i would personaly have been reluctant to take this trade.

hey,

im glad the trades worked out well zajcik, how was 2day's day?

here are three trades i took today, all three won for an overall profit of 45 pips. just have to have confidence in wat u trade.

Hi Melpheos!

Nice to see hear again

I know it was already a big move, but i got a confirmation from higher TF so i went and it worked out not bad i am still a beginner so i have to learn alot


How are you going? How is your trading?Do you trade full time now?

Hello,

No trades today for me because i wasnt home all day i was visiting my grandparents

I agree that you have to have confidence in what you trade! Write now i want to read a book Trading in the zone i have heard that it is very great! did you read it?

p.s. what BB paramtres do you use?

Not full time yet but i'm getting close to it... I want a large cushion of 2 years of my current salary to start trading full time. Allready managed 6-7 months so i have some more time to go.

Nice to hear that you are getting close to it

What about me - right now i want to gain alot of knowledge on trading that is my goal now, i am reading alot, also practising

Did you read a book Trading in the zone?

Hi All,

very good system for high probability trade.

Can anyone give a failed example & why they failed, as indicator show one way the price go the other.

Not to discredit the system but to be aware why some signal may confused traders.

Thanks a million

Have a great day making $$$$$$$

Hello, nice to see new people

As all the systems it gives failed signal, as i said earlier while trading this method i didt got failed signal yet but i know i will

Read the whole thread i you wil find bad signals, i think pipping4life posted one of his bad trades also.

Good luck

Thank You for reply my message.

My apology if i offended you or other in this room.

I will look for bad signal and learn to identify them, so that I can take high probability trade.

Thanks Again & best of trading days ahead.

Attached 4 hours GBP/USD Chart

Is this a good short set up ?


Thank You

Hi,

You dont have to apologize, everything is ok, but i recomend you to read whole thread and you will learn alot

What about this trade, i think it is good short forming but i would wait for the 1h to confirm it. Same as you i am still new man with this system and forex at all i am stil learning and gaining experience.

Take alook at EUR same picture there

just took a short on that setup(Aud/Usd) quick 15 pips...however the Daily was sending bad vibes the whole time I held this, to hold for anymore then 15 pips one should let the 533 truly break and confirm some sort of trend...but then that daily?

Hello !

This is the trade occured on Cable. 4h was showing DOWN. The 30 min looked nice and i took it I aso liked it because of nice candle pattern occured and i entered after it. It could be better but i got stopped out +30.

I have to work on my trade managing

hi..
sorry my english is bad what mean signal lines??means?

Stochastic is composed of two lines. A signal line and a MA based on the signal line.

Hello people i have an idea!

Lets post one chart and everybodie exam it, m?

For exampe somebody posts the charts it doesnt matter he took the trade or not, and lets discuss both good and bad signal, m?

Tomorrow i wil post one and maybe we could start?



p.s. if somebodie wants - please post throw the night

this one was a no brainer

1. price in uptrend bounces above the central pivot
2. reversal candle followed by an inside bar as bollinger band 20 sma support holds
3. inside bar breaks and sexy stoch triggers

I took this signal with a stop placed below the central pivot and targeted a 1:1 risk reward. I did not take the next signal as the candle was to big for my liking. At the time of writing, that trade also would have paid equal to risk if the stop was placed below the trigger candle