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Great 5M pullback system

  • #41
  • May 5, 2010 12:51am May 5, 2010 12:51am
Quoting golden1
This is a really great stochastic with alert, you can set up to
4 levels or just 50 like for this system if you wish.

Enjoy

Brian
Brian, thank you very much!
  • #42
  • May 5, 2010 12:52am May 5, 2010 12:52am
Quoting maxwell-eqtn
Lots of profit man......at least 70pips made this morning just taking little profits.

Thanks SnuFreak
Yes, EU gave yesterday endless opportunities. It fell down 250 pips! I hope everybody got their part of it!
  • #43
  • May 5, 2010 1:11am May 5, 2010 1:11am
You can add the same all tf stochastic
to the end, like the template posted, just
use the alert stochastic for the alerts or put it in
and the all tf M15 under it...however you wish..
the original template has a regular stoch and
then the m15 tagged next to it, so you can do
the same, just replace the usual stoch with
the alert one and it should look the same.

Yes nice day yesterday, here's to many more
like that

Brian

Quoting BLACKFEET
Hi, Brian

Thanks a lot and for sure I enjoy very much this very nice indicator!

May I say that I miss the TF=M15 ?

Regards

BBF
  • #44
  • May 5, 2010 2:37am May 5, 2010 2:37am
Shorting EU guys.

EP 1.2968
SL 1.2990
TP 1.2915

Sorry, no time to post pic right now.
  • #45
  • May 5, 2010 5:33am May 5, 2010 5:33am
Quoting snusnufreak
Shorting EU guys.

EP 1.2968
SL 1.2990
TP 1.2915

Sorry, no time to post pic right now.
Closed @ BE, could've made 30 pips, but decided to wait longer.

Short once again. Here's the pic.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 26 KB
  • #46
  • May 5, 2010 6:18am May 5, 2010 6:18am
why did you shorted here? stochastic was already oversold..
  • #47
  • May 5, 2010 6:38am May 5, 2010 6:38am
Quoting snusnufreak
Closed @ BE, could've made 30 pips, but decided to wait longer.

Short once again. Here's the pic.
TP didn't quite hit, closed manually for 45 pips.
  • #48
  • May 5, 2010 6:51am May 5, 2010 6:51am
Quoting dbsys
why did you shorted here? stochastic was already oversold..
Dbsys, if you look closely I entered according the rules on the break of the bar on which stochastic broke the 50 lvl.

Selling when stoch is overbought and buying when its oversold works good in consolidating market. In a trending market it can stay in extreme areas for quite a long time. Check out 15M EU graph for example. Look at stoch during yesterdays move down.

I advise you to read Spudfyre's threads on using stochastic. here's the link to his breakout system.

http://www.forexfactory.com/showthread.php?t=30109

Regards
snu.
  • #49
  • May 5, 2010 1:57pm May 5, 2010 1:57pm
Saw good possibilities on shorting EU and GU couple of hours ago, but didn't enter cos of timing. Anyone grabbed those pips? There was as much as 70 pips from both set-ups. Not bad at all for couple of hours of trading, ain't it?

Regards and see you tomorrow!
  • #50
  • Edited 1:10am May 6, 2010 12:36am | Edited 1:10am
Hi folks.
Looks like there is trade opportunity on GU.
But I'm not pretty sure about that cause both EMA's are too close to each other and MACD is near zero line. Will wait till stoch cross 50 and may be enter long. Any comments?


UPD - Price failed to go up, MACD below zero, 50th below 200th, now forgot about entering long
Attached Image (click to enlarge)
Click to Enlarge Name: 2.JPG Size: 46 KB
  • #51
  • May 6, 2010 1:23am May 6, 2010 1:23am
Hi Snu!
Thanks a lot! Nice strategy!
I've got 30 pips @ EUR today)
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 50 KB
  • #52
  • May 6, 2010 1:31am May 6, 2010 1:31am
Check out 15M TF there was a good short there on GU.

Allways draw your fib, it is another good visual tool to tell you where you are.

Regards,
snu.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
  • #53
  • May 6, 2010 1:34am May 6, 2010 1:34am
Quoting Lffenok
Hi Snu!
Thanks a lot! Nice strategy!
I've got 30 pips @ EUR today)
Good job, Lffenok!

I'm glad you find the system work for you. Keep it up!
  • #54
  • May 6, 2010 1:47am May 6, 2010 1:47am
Snu,
Just want to say you have a nice and stress free system here. You have put the MTF stochs to good use.

Thanks for sharing the system.

Harry
  • #55
  • May 6, 2010 1:56am May 6, 2010 1:56am
Quoting Harry123
Snu,
Just want to say you have a nice and stress free system here. You have put the MTF stochs to good use.

Thanks for sharing the system.

Harry
Hi, Harry! Thx for your kind words!

If you like the system, join in, start participating and posting pictures.

Regards,
snu
  • #56
  • May 6, 2010 6:18am May 6, 2010 6:18am
Shorting EU again and again.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 27 KB
  • #57
  • May 6, 2010 6:42am May 6, 2010 6:42am
snusnufreak can you post your template. I have a problem to add stochastics m15 tf with m5 one. Thanks
  • #58
  • May 6, 2010 6:51am May 6, 2010 6:51am
Quoting snusnufreak
Shorting EU again and again.
closed @ +55.
  • #59
  • May 6, 2010 6:55am May 6, 2010 6:55am
Quoting Mik_es
snusnufreak can you post your template. I have a problem to add stochastics m15 tf with m5 one. Thanks
sure, mate!

here you go!
Attached File(s)
File Type: tpl my_tpl_5m (with 15m stoch).tpl   4 KB | 659 downloads
  • #60
  • May 6, 2010 8:19am May 6, 2010 8:19am
Anybody caught GU?
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