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  • #621
  • Jun 14, 2011 4:23pm Jun 14, 2011 4:23pm
here is my chart for sake of helping.. I am not in the trade as i stopped trading hours ago.. just came back to check my emails before going to bed.

both 1hr (yellow lines) and 4hr (blue line) are inline and its a nice setup for mega bucks.
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  • #622
  • Jun 14, 2011 4:25pm Jun 14, 2011 4:25pm
No worry Peter

System is evolving...60M stoch is for regular short trades which can be confirmed with 240.

If you are taking the 60 and the 240 does not match then be aware that the overall trend(240) is not going in the direction of the 60 so get in and get out.

If 60 and 240 match you can expect a bigger move for more profit.

MOM or "slingshot" trades are taken from the 240 in the direction of the overall trend.
  • #623
  • Jun 14, 2011 4:31pm Jun 14, 2011 4:31pm
To Trade-man

Use the regualar TMA and not the TMA true.

You want the one that adjusts itself like the center of gravity.

If you use TMA true you will get off track.
  • #624
  • Jun 14, 2011 4:43pm Jun 14, 2011 4:43pm
Thanks that make sence now

Peter
  • #625
  • Jun 14, 2011 4:45pm Jun 14, 2011 4:45pm
hi kevin

nice system


stoch 240 settings is 14,3,3 or 10,3,3 ?

and how do you put 2 stochs in the same window?


thanks
  • #626
  • Jun 14, 2011 4:48pm Jun 14, 2011 4:48pm
Stoch is 14.3.3
in MT4: u have to open "navigator" and then drag the indicator to the right and then drag the other one upon the window where u have the first
  • #627
  • Jun 14, 2011 4:49pm Jun 14, 2011 4:49pm
HI Kevin

Sorry if the question sounds stupid but I'm not a indicator user, I like the sound of the system so would like to be clear about a few points I see you have an updated version where you use the woodies indicator I think that's what it's called, how is this different from the retracement finder and what advantage does it serve. Also the stochs I notice they turn green than flash back red now if a stoch was Red i.e. stepping down you have a RF bar in the same direction you take the trade now if it flashes back green do you exit the trade and if it turns Red again do you re-enter. Apologies if something similar has been asked before.

I don’t want to make any modifications to you system but I notice many times you enter at the RF bar i.e. not wait for the close I'm sure many would like to enter a trade as early as possible have you considered looking at volume to enter at the same time or even slightly before the RF bar.

Thanks
  • #628
  • Jun 14, 2011 4:54pm Jun 14, 2011 4:54pm
Quoting lehmann
Stoch is 14.3.3
in MT4: u have to open "navigator" and then drag the indicator to the right and then drag the other one upon the window where u have the first

done!

thanks
  • #629
  • Jun 14, 2011 5:08pm Jun 14, 2011 5:08pm
Quoting kdx
HI Kevin

[color=black][font=Verdana]Sorry if the question sounds stupid but I'm not a indicator user, I like the sound of the system so would like to be clear about a few points I see you have an updated version where you use the woodies indicator I think that's what it's called, how is this different from the retracement finder and what advantage does it serve. Also the stochs I notice they turn green than flash back red now if a stoch was Red i.e. stepping down you have a RF bar in the same direction...
Depends on the time of the day.Mtf stoch is a sensitive indicator and when there are instances of indecisiveness it will flash.You must pay attention were you are at on the TMA and make decisions according to that.

If you are ever unsure then do not take the trade as another setup is right around the corner.

I enter on the first rf bar and not after the close.That way I get a better price.

Slight modifications are welcomed and encouraged just do not replace what is already laid out because my system has been proven and is a foundation in which we can build upon.

We would be no were right now if we were just adding more and more indicators.

But we just are adjusting what we already have and using our creativity and we are coming up with some good solutions and safer entry points.

Updated version has woodies indicator which is same as rf finder.I thought I would add it for those that prefer cci.
  • #630
  • Jun 14, 2011 5:08pm Jun 14, 2011 5:08pm
Quoting kevinator
Here is my current EJ.Both stochs in the red stepping down slowly but surely.
Hi,
Can anyone help me with how to make a clour change in the 1hr, 4 hr Stoch. I have green as my 4 hr step stoch and red for my 1 hr stoch. They don't change colour when they are stepping up or down.
Sorry I cannot post picture of my chart--- I do not know how ...Maybe someone could help me that too.
Many thanks.
May
  • #631
  • Jun 14, 2011 5:15pm Jun 14, 2011 5:15pm
Hi

As I see in Kevinator charts the 4H stoch is 10.3.3

regards

Peter
  • #632
  • Jun 14, 2011 5:16pm Jun 14, 2011 5:16pm
You have to wait until they change color.That means the overall trend is one way and the short term trend is another.

During this hour trades will be slow.When the market speeds up eight hours from now you should have no problem..

Eurjpy or aud gives the most movement during these hours.
  • #633
  • Jun 14, 2011 5:19pm Jun 14, 2011 5:19pm
Ok, so looking at EJ currently it seems to be heading for the outer TMA band. My previous 4hr stoch closed green but the current is red, so would I be looking for an entry off the outer TMA short?

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  • #634
  • Jun 14, 2011 5:25pm Jun 14, 2011 5:25pm
This is the safest and most high probability trade of the system.

MOM=momentum or slingshot

You see the 240 stoch is green for a long trade.Price hit the bottom of the

TMA then explodes to the top with a release of energy.

This is a mom trade or slingshot trade.Price pulled back then went in the direction of the trend.

This works vice versa and on all pairs.

My last trade...see you at midnight est.

I spoted it a little late but still got in on the trade. 20+ but should have been 40.
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  • #635
  • Jun 14, 2011 5:29pm Jun 14, 2011 5:29pm
Quoting kevinator
This is the safest and most high probability trade of the system.

MOM=momentum or slingshot

You see the 240 stoch is green for a long trade.Price hit the bottom of the

TMA then explodes to the top with a release of energy.

This is a mom trade or slingshot trade.Price pulled back then went in the direction of the trend.

This works vice versa and on all pairs.

My last trade...see you at midnight est.

I spoted it a little late but still got in on the trade. 20+ but should have been 40.
Aww, my chart is different to yours even with the stoch changed to 10,3,3 it is still red for short. Guess the different times of brokers could be an issues for each new 4hr candle.
  • #636
  • Jun 14, 2011 5:38pm Jun 14, 2011 5:38pm
This is a picture of the same chart with examples of past MOM trades

240 stoch is one color then price hits opposite TMA band against the trend

then price will slingshot to the top or bottom.If you have the patience you

could sit and pick MOM trades all day and never lose again.

Look closely at the previous picture and this one.

If you understand what I am saying to you this is a one of those moments of

enlightenment were you finally understand things of how they are and can move on with your finances.

Well thats a rap...if you understand MOM trades you can go on and get fat and rich now.

Scroll back in your charts and look for past MOM trades and then start to look to the future for Them.
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  • #637
  • Jun 14, 2011 5:59pm Jun 14, 2011 5:59pm
Quoting Rexz
Aww, my chart is different to yours even with the stoch changed to 10,3,3 it is still red for short. Guess the different times of brokers could be an issues for each new 4hr candle.
Mine is still red as well I'm on FXPro which has a difference to Kevinators of 2hours with the close of the candles, but you can only trade what you yourself see.

EDIT: So instead you should be in a MOM trade in the opposite direction to Kevinators
  • #638
  • Jun 14, 2011 6:13pm Jun 14, 2011 6:13pm
short EJ
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  • #639
  • Jun 14, 2011 6:14pm Jun 14, 2011 6:14pm
If I could make a suggestion about the posting of live trades, there is no point really in taking a screenshot 10 bars after the buy or sell has taken place, because the stoch etc will be different to how they were at the time of placing the trade. Yes of course there is the buy or sell line to prove you are in it but it doesn't help with what you saw at the time.

Why not hit the print screen button just when the trade has gone in, then when your trade is in profit paste that print screen into your favourite image programme instead of waiting till then to actually take the screenshot.
  • #640
  • Jun 14, 2011 6:20pm Jun 14, 2011 6:20pm
Quoting ohammond
If I could make a suggestion about the posting of live trades, there is no point really in taking a screenshot 10 bars after the buy or sell has taken place, because the stoch etc will be different to how they were at the time of placing the trade. Yes of course there is the buy or sell line to prove you are in it but it doesn't help with what you saw at the time.

Why not hit the print screen button just when the trade has gone in, then when your trade is in profit paste that print screen into your favourite image programme instead of waiting...
Hard to do when scanning charts have to wait till things settle. The pairs that I watch move together more often than not so when theres a trade on one theres a good possibility theres one on another like EU at the sametime I just missed it trying to take a screen shot.
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