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  • #461
  • Apr 19, 2007 10:12am Apr 19, 2007 10:12am
I am sorry, I was reading the wrong info, new boy and all of that. thanks.
  • #462
  • Apr 19, 2007 11:40am Apr 19, 2007 11:40am
Quoting WillBill
I am sorry, I was reading the wrong info, new boy and all of that. thanks.

Ah ha - a new pipster. congratulations.


??possible short??

I still learning the Spud stochs, but at 16:30GMT it appears that a short is setting from 237.03 on GBPJPY. Does that look the same to you all?

Thanks,
  • #463
  • Apr 19, 2007 12:36pm Apr 19, 2007 12:36pm
Quoting waddij
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
You can look at it this way when stochs moving in all same direction

15/30/1H/4H/Daily .....safest way to make pips
15/30/1H/4H ....next safest way to make pips
15/30/1H ....still a safe way to make pips, but not as safe
any two tf's ....risky but odds in your favour, small pip grabs

Simply the more stochastics moving with you, the better your odds are going to be....having said that there is not a huge percentage gain between 5 time frames and 3 time frames....all 3 will probably be successful.
With less time frames your success can largely be improved by your ability to read the stochastics as they are moving.

One thing to look for are "links" between the stochastic movement cycles. For example you may get three 15M cycles (up/down/up) in a single one hour cycle, so knowing where you are within the 1 hour period can be very profitable for trading the 15M cycles....considering the 30/1H and 4H are all headed the same way. For example, if the 30/1H/4H are headed down, you might be able to trade two 15M down cycles from 80 to 20 while waiting for the 1H to hit 20. Obviously, you need to be careful and grab pips quickly in the 15M TF, but making 5-15 pips a 15M cycle is not hard to do.....just riskier if you don't get out when you need too.
  • #464
  • Apr 19, 2007 12:48pm Apr 19, 2007 12:48pm
Thanks Sudfyre. Your response to waddij has, at least for me, put everything in a clearer light. Such a simple, concise answer that everyone who is having even a bit of difficulty should read over and over. In my mind's eye I could actually see the stochastics and price moving. Great. Thanks again.
  • #465
  • Apr 19, 2007 6:40pm Apr 19, 2007 6:40pm
5:05pm EST short at 237.34, pull 1st lot for 23 pips and 2nd for 32 pips by 7:01 om. Smelled a retrace coming on so bailed. Will look to re-enter when signals confirm again.
A Great set-up. About as good as they get All my stochs doing their thing and pointing one way - south.

slick
  • #466
  • Apr 20, 2007 12:26am Apr 20, 2007 12:26am
Quoting Spudfyre
One thing to look for are "links" between the stochastic movement cycles. For example you may get three 15M cycles (up/down/up) in a single one hour cycle, so knowing where you are within the 1 hour period can be very profitable for trading the 15M cycles....considering the 30/1H and 4H are all headed the same way. For example, if the 30/1H/4H are headed down, you might be able to trade two 15M down cycles from 80 to 20 while waiting for the 1H to hit 20. Obviously, you need to be careful and grab pips quickly in the 15M TF, but making 5-15 pips a 15M cycle is not hard to do.....just riskier if you don't get out when you need too.


Hello gentlemen, this is my first post although I have been watching this thread intently for a few weeks, this is also my first method of study. It is easier than a lot out there to follow and IT WORKS!!!!!!!!! First off thanks SPUD, you da man! Thank you to all the other participants, your insight has greatly helped me as well.

Okay, now on to my question.

In the quote above, is this a summation of the "3", "2+1", and "1+2" idea that spud brought in? Those threads really didn't make a lot of sense to me, probably because I'm new, however the quote above makes sense. Is this an extension of that idea? Or am I just totally off base here? Any ones answers and thought or clarifications of the "3", "2+1", and "1+2" idea is greatly appreciated, my problem is "drawing these lines" Wow this thread has extended greatly, so I will end it and let the "experts" chime in. Thanks a million

__________________
Fedor: ...I've already begun drawing a new figure, now I'm drawing a gnome, this one will be angry, and I'll do some cheerful ones afterwards. I'm trying to do a series of figures with this subject.
  • #467
  • Apr 20, 2007 7:49am Apr 20, 2007 7:49am
I have placed one of my charts to illustrate the 15 relationship to the 60 min stochs. Dark green and purple are the 1 hr. I have found there really is no concise correlation as the chart will bear out. It does seem that there certainly is room for scalping 20 pip trades off divergence and 15 min stoch crossovers within the hourly period.
I also use a 5 min chart for divergence with the 15 for this purpose.
Hope this may help a bit.

slick
Spud - if I am posting too much on your thread please say so. Thanks.
Attached Image (click to enlarge)
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  • #468
  • Apr 21, 2007 6:12am Apr 21, 2007 6:12am
Quoting sublimeonskunk
Hello gentlemen, this is my first post although I have been watching this thread intently for a few weeks, this is also my first method of study. It is easier than a lot out there to follow and IT WORKS!!!!!!!!! First off thanks SPUD, you da man! Thank you to all the other participants, your insight has greatly helped me as well.

Okay, now on to my question.

In the quote above, is this a summation of the "3", "2+1", and "1+2" idea that spud brought in? Those threads really didn't make a lot of sense to me, probably because I'm new, however the quote above makes sense. Is this an extension of that idea? Or am I just totally off base here? Any ones answers and thought or clarifications of the "3", "2+1", and "1+2" idea is greatly appreciated, my problem is "drawing these lines" Wow this thread has extended greatly, so I will end it and let the "experts" chime in. Thanks a million
The "3", "2+1" idea is simply a visual representation of when the stochastics are crossing 80 or 20. It is simply a "tool" in the stochastic war chest but not necessary to use.
  • #469
  • Apr 21, 2007 6:27am Apr 21, 2007 6:27am
Quoting slick 60
I have placed one of my charts to illustrate the 15 relationship to the 60 min stochs. Dark green and purple are the 1 hr. I have found there really is no concise correlation as the chart will bear out. It does seem that there certainly is room for scalping 20 pip trades off divergence and 15 min stoch crossovers within the hourly period.
I also use a 5 min chart for divergence with the 15 for this purpose.
Hope this may help a bit.

slick
Spud - if I am posting too much on your thread please say so. Thanks.
Just my opinion and experience....but I find trying to relate the stochastics on one time frame doesn't work well. It skews the math for one reason, and with the math right through a seperate indicator will skew the time relationship. However, always good to experiment!

The relationship between the stochastic movement from the seperate charts to one chart specific to time I think is a more meanigful trail to follow. I know I lost people in the "3", "2+1" info.....but what you want to ask yourself is:
1. What are the stochs/price doing in relation to each other when say the 15M hits 20 and the 30M/1H are still falling?
2. What are the stochs/price doing in relation to each other when there is a large price move versus a small price move?
3. How do stochs/price relate to each other when to exit a trade?

If you delve into those questions for answers you will find some very interesting stuff pop out at you. I would try and explain it here, but it is very difficult to get down in just text.....but I'm working on it.
  • #470
  • Apr 21, 2007 6:55am Apr 21, 2007 6:55am
Quoting Spudfyre
Just my opinion and experience....but I find trying to relate the stochastics on one time frame doesn't work well. It skews the math for one reason, and with the math right through a seperate indicator will skew the time relationship. However, always good to experiment!

The relationship between the stochastic movement from the seperate charts to one chart specific to time I think is a more meanigful trail to follow. I know I lost people in the "3", "2+1" info.....but what you want to ask yourself is:
1. What are the stochs/price doing in relation to each other when say the 15M hits 20 and the 30M/1H are still falling?
2. What are the stochs/price doing in relation to each other when there is a large price move versus a small price move?
3. How do stochs/price relate to each other when to exit a trade?

If you delve into those questions for answers you will find some very interesting stuff pop out at you. I would try and explain it here, but it is very difficult to get down in just text.....but I'm working on it.
Good to see postings of your Great Mind again, -tks for being here... Spud, I finally started to practice your TS... was experimenting a bit... have put Stoch 5,3,3 and RSI 5 [80/20] side by side and noticed that RSI is giving more precise direction-change points than Stoch... RSI 3 points are even more distinct... everything else as per your TS...

Would you please let us know why you prefer Stoch as opposite to RSI...?
  • #471
  • Edited 2:49pm Apr 21, 2007 10:06am | Edited 2:49pm
Quoting Spudfyre
Just my opinion and experience....but I find trying to relate the stochastics on one time frame doesn't work well. It skews the math for one reason, and with the math right through a seperate indicator will skew the time relationship. However, always good to experiment!

The relationship between the stochastic movement from the seperate charts to one chart specific to time I think is a more meanigful trail to follow. I know I lost people in the "3", "2+1" info.....but what you want to ask yourself is:
1. What are the stochs/price doing in relation to each other when say the 15M hits 20 and the 30M/1H are still falling?
2. What are the stochs/price doing in relation to each other when there is a large price move versus a small price move?
3. How do stochs/price relate to each other when to exit a trade?

If you delve into those questions for answers you will find some very interesting stuff pop out at you. I would try and explain it here, but it is very difficult to get down in just text.....but I'm working on it.


This is intersting & all true but it mainly relates to pair price,
I think MTFT & esp. the stochs are better used predicting monentun
"the big Mo" then stating price.

ie. I live very close to two of the bussies highways in N.A.
I can tell the direction & spead of the cars just by looking ..easy
but I can also predict the spead & direction of the ones coming after
why?
Because to change direction or spead one of two things would have to happen.
1. A slow down or spead up must happen slowly.
why? because other wise you will have a crash
2. which is the other thing that can happen .. a crash

but both the Highways & the 4X are basical run by admin guys & computer
both of which do not like crashes... so both the HWs & 4X are very predictable
...with times of panic when the unpredicable happen... crashs

now the good news is in the 4x we have times ..call news & interst rate info.
that reset the whole thing & we start again
... these in fact take a lot of the crashs out of the 4X

you can for sure make money using MTFT & stochs to show price for sure
or make a lot more money using them to show you the big "mo"
& the big money.

just my thought...
good luck spud & everyone else

TEB
  • #472
  • Apr 21, 2007 12:41pm Apr 21, 2007 12:41pm
This is how I view Stochastics on other timeframes to save valuable screen real estate.
Charts are 1m through to 60m stacked on top of each other, showing just the lower window.
Attached Image (click to enlarge)
Click to Enlarge Name: Stocastic Line up.jpg Size: 99 KB
Attached File(s)
File Type: tpl skinny.tpl   1 KB | 676 downloads
Our IMAGINATION is the true holy grail!
  • #473
  • Apr 22, 2007 6:40am Apr 22, 2007 6:40am
Quoting EnkiJr
Good to see postings of your Great Mind again, -tks for being here... Spud, I finally started to practice your TS... was experimenting a bit... have put Stoch 5,3,3 and RSI 5 [80/20] side by side and noticed that RSI is giving more precise direction-change points than Stoch... RSI 3 points are even more distinct... everything else as per your TS...

Would you please let us know why you prefer Stoch as opposite to RSI...?
I find stochs more reliable...would be the quick answer. Though I like RSI, I haven't found it as "precise" over the long haul. However, would be interested in your findings and how they relate.
  • #474
  • Apr 22, 2007 6:57am Apr 22, 2007 6:57am
Quoting TEB63
This is intersting & all true but it mainly relates to pair price,
I think MTFT & esp. the stochs are better used predicting monentun
"the big Mo" then stating price.

ie. I live very close to two of the bussies highways in N.A.
I can tell the direction & spead of the cars just by looking ..easy
but I can also predict the spead & direction of the ones coming after
why?
Because to change direction or spead one of two things would have to happen.
1. A slow down or spead up must happen slowly.
why? because other wise you will have a crash
2. which is the other thing that can happen .. a crash

but both the Highways & the 4X are basical run by admin guys & computer
both of which do not like crashes... so both the HWs & 4X are very predictable
...with times of panic when the unpredicable happen... crashs

now the good news is in the 4x we have times ..call news & interst rate info.
that reset the whole thing & we start again
... these in fact take a lot of the crashs out of the 4X

you can for sure make money using MTFT & stochs to show price for sure
or make a lot more money using them to show you the big "mo"
& the big money.

just my thought...
good luck spud & everyone else

TEB
Nice analogy. I totally agree with the momentum ideology. It is definitely a point for further discussion...but my idea behind this thread for now has just been to show people a reliable way to make pips using a simple foundation and keep people on the "winning" side. For now I'm just trying to let people know they can "drive" on the forex highway and make it through safely without worrying about crashing...and that they can be in full control when they know where the lanes are.
  • #475
  • Apr 22, 2007 3:58pm Apr 22, 2007 3:58pm
Quoting Spudfyre
Nice analogy. I totally agree with the momentum ideology. It is definitely a point for further discussion...but my idea behind this thread for now has just been to show people a reliable way to make pips using a simple foundation and keep people on the "winning" side. For now I'm just trying to let people know they can "drive" on the forex highway and make it through safely without worrying about crashing...and that they can be in full control when they know where the lanes are.

great point!!
  • #476
  • Edited Apr 23, 2007 2:27am Apr 22, 2007 11:03pm | Edited Apr 23, 2007 2:27am
Spudfyre the doc and info you provided here is excellent and best yet you have done all this and so much more out of the kindness of your own heart. A big thank you for everything you have done, I am sure many people are finding great value in what you have posted/provided.
  • #477
  • Edited 7:08am Apr 23, 2007 6:36am | Edited 7:08am
stoch are nice, nowIm waiting for cross 1 hour down and sell GBP JPN
if not cross 4 hours /up/,
Attached Image (click to enlarge)
Click to Enlarge Name: sto.jpg Size: 90 KB
BJ
  • #478
  • Apr 23, 2007 7:23am Apr 23, 2007 7:23am
It's nice to see your thinking in real time. As I see the GBP/JPY setting up at 12:00 GMT, the 1 hr is still trending up, just hitting the 80 line, 15m is nicely down, and 30m is starting down, just about to cross the 80.

So since the 1 hr is not yet confirming down, there is no sell signal yet.


Anybody else reading it the same way?
  • #479
  • Edited 10:54am Apr 23, 2007 10:27am | Edited 10:54am
Quoting ojibway11
It's nice to see your thinking in real time. As I see the GBP/JPY setting up at 12:00 GMT, the 1 hr is still trending up, just hitting the 80 line, 15m is nicely down, and 30m is starting down, just about to cross the 80.

So since the 1 hr is not yet confirming down, there is no sell signal yet.


Anybody else reading it the same way?
Still very much a noob but we followed it down on a nice run at asian open (gbp/jpy) and then watched it retrace back up 100 pips. 4hr seems to be flattening out and trying to go up, which kind of matches the daily which is flat and may be going north. I took a quick scalp when the hourly topped out but the 4hr and daily dont seem right for me at least now to short, may need to give it some time, but the setup in the morning was very nice with 4hr clearly showing down unlike now where it seems to be going north somewhat.

EDIT: As usual having said that it is slowly coming down now
  • #480
  • Apr 24, 2007 7:23am Apr 24, 2007 7:23am
Quoting brainjt
stoch are nice, nowIm waiting for cross 1 hour down and sell GBP JPN
if not cross 4 hours /up/,
Hi Brainjt,
Nice set up.
What is that bold yellow and green thing in the bottom half of your screen?
Do you have a copy of that indicator?
Thanks,
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