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MTF Stochastics

  • #441
  • Apr 15, 2007 8:26pm Apr 15, 2007 8:26pm
Quoting slick 60
No Sunday night traders? What a lovely set up for 140 pips. Surprised the quiet.

slick
Please can you post your chart?
  • #442
  • Apr 15, 2007 10:30pm Apr 15, 2007 10:30pm
looks like another short gb/jp might be setting up....any agree? waiting for the 30min to cross again..
  • #443
  • Edited 12:53am Apr 16, 2007 12:51am | Edited 12:53am
Did you short it ybeidas? I have a sell waiting around 237.00. Waiting for that 4 Hr to kick over. Timing is the key to this system! I also have a hunch that the 4HR might flatten out along the top with the long term trend continuing. In this case, I'd be looking to go long....

Question for Spudfyre, do you recommend trading this during the Tokyo/Sydney morning session? (don't know what time this is in EST - 7pm to 11pm?)
  • #444
  • Apr 16, 2007 2:32am Apr 16, 2007 2:32am
Anyone taking the current short?
  • #445
  • Edited 3:50am Apr 16, 2007 3:37am | Edited 3:50am
The setups were there at both 23:10 4/15 and 0:00 4/16 (PST). I shorted on both, broke even on one and caught about 40 pips on the 2nd. But in retrospect, I guess it was a bad idea. Why? The news... it was just around the corner.
  • #446
  • Apr 16, 2007 7:24am Apr 16, 2007 7:24am
Last night you had a post on this thread about the "Delta Phenomenon". The post and my reply disappeared due to the viruses on this site. My question is are you refereing to the book by Welles Wilder.

Tim
  • #447
  • Apr 16, 2007 8:19am Apr 16, 2007 8:19am
Quoting aeu97137
Hi Spud,

My most sincere thanks for sharing your system with us - immense work!

Quick question for you. In your Escalator to Pips document you state that
5. NEVER use the 4H chart 80 or 20 line to exit.

Why do you say this? I have just spend the last hour or so working through some of the currency charts and on many occasions you maximise your profits if you end the escalator when the 4H stoch reaches 80/20?


Kind regards

Jason

PS big thanks also to blueruby for the Spud Indicator. I think it's going to come in very useful!
The reason not to carry the escalator through the 4H stochastic is that you may encounter too large a draw down for your margin to handle on the way to pip gains. Not that it doesn't work....just you must be prepared for large drawdowns the longer time frame you enter. Rarely is the road to pip gain direct at this stage.
  • #448
  • Apr 16, 2007 8:23am Apr 16, 2007 8:23am
I apologize I will not be able to respond daily over the next 2 weeks as I am out of town. The iNternet access where I am is rather pathetic on dial-up at 26 Kbps and that is if it stays connected more than 20 minutes.
The good news is that I am working with a few people on refining the stochastic trading and I should have some interesting items for you when I return.

Please continue to exchange ideas, ask questions and post trades here. I will check in as much as I can.
  • #449
  • Apr 17, 2007 6:37am Apr 17, 2007 6:37am
Quoting tim4kaye
Last night you had a post on this thread about the "Delta Phenomenon". The post and my reply disappeared due to the viruses on this site. My question is are you refereing to the book by Welles Wilder.

Tim
Hi Tim
Yes. Have not been back on site due to virus pick up here. Saw your question on my email.

slick
  • #450
  • Apr 17, 2007 7:15am Apr 17, 2007 7:15am
Quoting slick 60
Hi Tim
Yes. Have not been back on site due to virus pick up here. Saw your question on my email.

slick
I bought the Delta book 7 or 8 years ago and applied it to commodities, which is what I was trading at the time. It has been on my bookshelf collecting dust ever since. I never thought about applying it to the Forex. Obviously you have applied it to the Forex and it works. Will you be telling us more about your thoughts on this subject?

Tim
  • #451
  • Apr 17, 2007 8:05am Apr 17, 2007 8:05am
Quoting tim4kaye
I bought the Delta book 7 or 8 years ago and applied it to commodities, which is what I was trading at the time. It has been on my bookshelf collecting dust ever since. I never thought about applying it to the Forex. Obviously you have applied it to the Forex and it works. Will you be telling us more about your thoughts on this subject?

Tim
What's the name of the writer
It's All About Attitude ...
  • #452
  • Apr 17, 2007 4:47pm Apr 17, 2007 4:47pm
Quoting billser
What's the name of the writer

The author of the Delta Phenomenon is Welles Wilder.
  • #453
  • Apr 18, 2007 7:48am Apr 18, 2007 7:48am
looks like all stochs are below 20 with 15 and 30 starting to point up...
  • #454
  • Apr 18, 2007 10:19am Apr 18, 2007 10:19am
Hi Tim
hope to start thread in forex factory once all my distractions subside. Like high speed internet down-up-down----. forexfactory viruses DO NOT LIKE.
Several other thingies like a crippled wife with broken ankle for another 4 weeeks. I have moved into cable for this present high and kicking my ass. Should have stayed strictly in geppy but lost cable contact etc. Good luck trading for now.
And yes- delta works for forex. it is the only leading indicator that does that. TIME is the most important ingredient. When time is up the market turns.

slick


Quoting tim4kaye
I bought the Delta book 7 or 8 years ago and applied it to commodities, which is what I was trading at the time. It has been on my bookshelf collecting dust ever since. I never thought about applying it to the Forex. Obviously you have applied it to the Forex and it works. Will you be telling us more about your thoughts on this subject?

Tim
  • #455
  • Apr 18, 2007 12:07pm Apr 18, 2007 12:07pm
Quoting slick 60
Hi Tim
hope to start thread in forex factory once all my distractions subside. Like high speed internet down-up-down----. forexfactory viruses DO NOT LIKE.
Several other thingies like a crippled wife with broken ankle for another 4 weeeks. I have moved into cable for this present high and kicking my ass. Should have stayed strictly in geppy but lost cable contact etc. Good luck trading for now.
And yes- delta works for forex. it is the only leading indicator that does that. TIME is the most important ingredient. When time is up the market turns.

slick
Slick - Sorry to hear about your wife (and the cable)...........hope she is up and about soon. I look forward to your upcoming thread. Keep me posted.......

Tim
  • #456
  • Apr 18, 2007 4:11pm Apr 18, 2007 4:11pm
Spud,

what if.... the daily crosses over the 80 on the way down, the 15m, 30m, 1h have all crossed down and the 4h is just above the 20 coming up? with the 3 time frames agreing with the daily are there pips to be made or is it best to leave it and wait for the lower times to catch up to the 4h?

Thanks
  • #457
  • Apr 18, 2007 7:20pm Apr 18, 2007 7:20pm
After catching the fall for 50+ hopefully (5:18pm PST) look for the formation where all 4-time frames cross the 20 on stochs.
  • #458
  • Apr 19, 2007 8:16am Apr 19, 2007 8:16am
I notice there has not been a post in this thread since Jan this year, is this thread now closed/ how can I continue to get the latest updates. thanks
  • #459
  • Apr 19, 2007 8:34am Apr 19, 2007 8:34am
Quoting WillBill
I notice there has not been a post in this thread since Jan this year, is this thread now closed/ how can I continue to get the latest updates. thanks

This thread has posts as recent as yesterday... and continues to have posts. Also, it is someone's journal. They may posts as often or infrequent as they wish.

http://www.forexfactory.com/showpost...&postcount=448
  • #460
  • Apr 19, 2007 8:46am Apr 19, 2007 8:46am
Quoting WillBill
I notice there has not been a post in this thread since Jan this year, is this thread now closed/ how can I continue to get the latest updates. thanks

You will notice a few posts back that Spud, the originator of this thread, said he would be away. When the "great one" comes back to his perch on the mountain the flow of wisdom will continue.


Quote:
http://www.forexfactory.com/images/icons/icon1.gif Away
I apologize I will not be able to respond daily over the next 2 weeks as I am out of town. The iNternet access where I am is rather pathetic on dial-up at 26 Kbps and that is if it stays connected more than 20 minutes.
The good news is that I am working with a few people on refining the stochastic trading and I should have some interesting items for you when I return.

Please continue to exchange ideas, ask questions and post trades here. I will check in as much as I can.

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