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MTF Stochastics

  • #481
  • Apr 24, 2007 2:56pm Apr 24, 2007 2:56pm
Spud,

Thanks for posting your MTF Stoch approach. After having viewed the thread, I took my first live trade on the Cable for 15 pips (see attached chart). It'll obviously take a lot more experience to best understand the nuances of this method, but it's simple enough and your explanations couldn't be any clear. I'll continue to watch this thread closely and learn from you
and the other contributors.

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: 042407 Trade.jpg Size: 132 KB
  • #482
  • Apr 24, 2007 3:01pm Apr 24, 2007 3:01pm
  •  itguy
  • | Joined Sep 2006 | Status: 110..220....Whatever it takes | 39 Posts
Firstly thanks to Spudfyre for this great method. Two trades two winners

There is an excellent Stoch inidie coded by CJA at Forex-Tsd (http://www.forex-tsd.com/101702-post92.html) that shows all tf's stochs on your chart in addition to direction and placement i.e. above 80 below 20. It also has pretty colors..........

Just give credit to CJA, hope this helps you unclutter your MT4 terminal.
Attached File(s)
File Type: ex4 STOCH_Bars_v2c.ex4   31 KB | 1,154 downloads
  • #483
  • Apr 25, 2007 3:59am Apr 25, 2007 3:59am
Thank you for the indicator
Looks really nice.
Ok I like to see the lines where they are exactly. If they just crossed the 20 or if they are ready to turn but it is a very clever work and gives you information for time frames you might not look all the time like weekly or monthly
Regards
  • #484
  • Apr 25, 2007 9:58am Apr 25, 2007 9:58am
ITGUY from what I see there is a difference between the indicator you posted and the "normal" stochastics. For the 15 min it says that it is above 80 and pointing up while the normal stoch is pointing down. And for the 4H it says that it is above 80 pointing down when the normal stoch is below 80 and pointing up.
Any ideas?
Attached Image (click to enlarge)
Click to Enlarge Name: stoch.jpg Size: 83 KB
  • #485
  • Apr 26, 2007 7:24am Apr 26, 2007 7:24am
Spud,

Many thanks to you for sharing your insights on Stoch. Since the beginning of March using your methodology my live account has increased 36.5%. I have never understood Stochs as I have before your explanations. I have done alot of reading about Stochs since you started this thread. It's like a puzzle that it starting to fit together for me.

I read George Lane's original article on Stochastic and he also recommended the use of MTF in certain trading setups. Also, I have thought for some time that MACD was the primary indicator to use for seeing divergence. Stoch, as stated by Lane, also works well to show divergence.

I don't trade GJ, but trade GU almost exclusively. For me this methodology works on GU along with a couple of simple additions that I have created.

Thanks,
  • #486
  • Apr 26, 2007 7:34am Apr 26, 2007 7:34am
I've read and re-read this thread and the downloads available...and I quite like the ease of the methodology. I have found that at this point I am very good at picking out what would have been entry points for trades, after the fact

I'm not yet to the point where I am seeing them as they are happening. If anyone is trading on this system now, it'd be helpful, and very much appreciated, if you could share some of your thoughts in real time as you are making some trading decisions. It would make it easier for those of us who aren't quite there yet to start to see the potential trades as they are happening.
  • #487
  • Apr 26, 2007 7:39am Apr 26, 2007 7:39am
I wanted to add to KudZuFx message that I am also using spud's system to trade Gbp/Usd. I added the camarilla lines that also work very nice.
My account did not increase that much but I am in a positive trend and most of my losses are due to my stupidity of not following the rules every time.

?? KudZuFx what are the additions you did to the system??
  • #488
  • Apr 26, 2007 7:56am Apr 26, 2007 7:56am
nice entry, et 4,00 on chart,
Ive problem with indictaros from post 482- it doesnt works on alpari MT4 with ex.4, only mq.4- whats is necessary to do please? thx
Attached Image (click to enlarge)
Click to Enlarge Name: sto.jpg Size: 79 KB
BJ
  • #489
  • Apr 26, 2007 8:04am Apr 26, 2007 8:04am
next trade on GBPJPN down
Attached Image (click to enlarge)
Click to Enlarge Name: sto.jpg Size: 65 KB
BJ
  • #490
  • Apr 26, 2007 8:16am Apr 26, 2007 8:16am
Quoting capsmart
I wanted to add to KudZuFx message that I am also using spud's system to trade Gbp/Usd. I added the camarilla lines that also work very nice.
My account did not increase that much but I am in a positive trend and most of my losses are due to my stupidity of not following the rules every time.

?? KudZuFx what are the additions you did to the system??
I have a configuration of MAs that help me see exhaustion of price which compliments what I am seeing on the Stochs. The Stoch, as I see it, are indicating the push and pull of momentum. I trade best when I can identify the easing of momentum.

When I get a chance I'll send you a screen shot. However, I don't want to hijack Spud's thread since this thread is mostly about Stochs.
Have a great weekend.
  • #491
  • Apr 26, 2007 8:27am Apr 26, 2007 8:27am
Brainjt,

Can you please post a template of your multiple stochastic setup?

Thanks, DL
  • #492
  • Apr 26, 2007 9:09am Apr 26, 2007 9:09am
Quoting KudzuFX
Spud,

Many thanks to you for sharing your insights on Stoch. Since the beginning of March using your methodology my live account has increased 36.5%. I have never understood Stochs as I have before your explanations. I have done alot of reading about Stochs since you started this thread. It's like a puzzle that it starting to fit together for me.

I read George Lane's original article on Stochastic and he also recommended the use of MTF in certain trading setups. Also, I have thought for some time that MACD was the primary indicator to use for seeing divergence. Stoch, as stated by Lane, also works well to show divergence.

I don't trade GJ, but trade GU almost exclusively. For me this methodology works on GU along with a couple of simple additions that I have created.

Thanks,

WOW………….36.5% gain, that is phenomenal. Keep up the good work.
  • #493
  • Apr 26, 2007 9:12am Apr 26, 2007 9:12am
Quoting KudzuFX
I have a configuration of MAs that help me see exhaustion of price which compliments what I am seeing on the Stochs. The Stoch, as I see it, are indicating the push and pull of momentum. I trade best when I can identify the easing of momentum.

When I get a chance I'll send you a screen shot. However, I don't want to hijack Spud's thread since this thread is mostly about Stochs.
Have a great weekend.
I am looking forward to your screen shot of your MA's too.

Tim
  • #494
  • Apr 27, 2007 5:59am Apr 27, 2007 5:59am
Quoting KudzuFX
I have a configuration of MAs that help me see exhaustion of price which compliments what I am seeing on the Stochs. The Stoch, as I see it, are indicating the push and pull of momentum. I trade best when I can identify the easing of momentum.

When I get a chance I'll send you a screen shot. However, I don't want to hijack Spud's thread since this thread is mostly about Stochs.
Have a great weekend.
It would be interesting to see your screen shot. Please post it.
  • #495
  • Apr 27, 2007 10:47am Apr 27, 2007 10:47am
Quoting Spudfyre
It would be interesting to see your screen shot. Please post it.

Here it is.

This MA setup is basicly to trade when the Stoch and price agree on the H4 chart. Meaning that when price has reached an outside limit of the RED line usually the Stoch will show price exhaustion. Nothing works 100% of the time. But this helps me. Price tends to stay in the grey area most often.

Thanks again Spud for your insights into stoch.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: HOTfx H4.jpg Size: 60 KB
Click to Enlarge Name: HOTfx.jpg Size: 66 KB
  • #496
  • Apr 27, 2007 5:31pm Apr 27, 2007 5:31pm
Were there any trades with this method on Friday?
  • #497
  • Apr 28, 2007 12:45am Apr 28, 2007 12:45am
I just wanted to say "Thank you Spudfyre", for taking the time to create/maintain the thread and the lay out your ideas for trading the multiple time frame stochs. I had tried some things with stochs in the past with not a lot of success, but reading through this thread and watching charts to help absorb what you were saying has helped me see things differently - and wow! 355 pips last week in my live account (any of you pros that are taking 1000+ per week feel free to enlighten me ), and trading with a confidence I've never felt before. I'm slowly getting better at exiting, but I tend to be fairly conservative and many times i ditch a trade too early! My current broker doesn't offer GbpJpy, but i saw plenty of movement out of the GpbUsd, UsdCad & UsdChf to keep me busy, and it looks like EurJpy could have an exciting week next week.

Sorry to ramble, Spud, thanks again!
Maybe someday I'll think of a witty phrase to add here
  • #498
  • Apr 28, 2007 10:16am Apr 28, 2007 10:16am
It's nice to hear about your successes. I've also been following this thread now for a while...but I am still at the stage of seeing the great setups only after the fact!! I'll keep at it and hopefully will be reporting my successes soon. If you have the time as you are seeing the setups maybe you can post here, that might help those of us still absorbing the system to recognize the triggers.

Good luck trading next week.
  • #499
  • Apr 28, 2007 10:45am Apr 28, 2007 10:45am
Quoting jbbb
Were there any trades with this method on Friday?
There were three trades that I saw............gbpjpy, gbpusd, eurusd, all on the London open.

Tim
  • #500
  • Apr 28, 2007 11:48pm Apr 28, 2007 11:48pm
thanks tim
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