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  • #841
  • Jun 16, 2011 2:37am Jun 16, 2011 2:37am
There is no such thing as over bought/sold in trending markets with the stochastic.

During trending markets indicators such as the stochastic will stay within their over sold/bought zones for the majority of the trend, as these indicators readings are capped with how high and low they can go 0-100 they will stay within that zone during strong trends.

All of this over bought/sold stuff is novice talk, and it is one of the thing/problems that leads new and novice traders to fail.

Yes there is pullbacks within trends but if price is falling and it pullsback, it does not mean its over bought, vice-versa for longs, remb one thing the stochastic is an oscillator, it was built/created/mathamaticlly programmed for ranging bound markets, not for trends.

So basiclly you are using a screwdriver to hammer in a nail.
  • #842
  • Jun 16, 2011 2:39am Jun 16, 2011 2:39am
-15, upon entry both stochs were green, then bamm...

Need some help here guys

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Pete
  • #843
  • Jun 16, 2011 2:40am Jun 16, 2011 2:40am
Quoting theGuru
Although you have shown what was apparently an overbought trade on the EU in that post, I happened to be practising taking screenshots at the time and as you can see it was not overbought, in fact up until just before I took the screenshot which was way after the large down candle the 4hr was (on my chart) green, so would have missed that altogether. Just pointing out that it is not as it appears in your image.
the reason is the TMA repaints badly when the price makes big moves. I recommended someone a couple of pages ago to use TMA-true for backtesting, but kevin insisted not to use it, although I don't find it healthy to look back through a repainting indi...
  • #844
  • Jun 16, 2011 2:52am Jun 16, 2011 2:52am
Quoting Tk1000
There is no such thing as over bought/sold in trending markets with the stochastic.

During trending markets indicators such as the stochastic will stay within their over sold/bought zones for the majority of the trend, as these indicators readings are capped with how high and low they can go 0-100 they will stay within that zone during strong trends.

All of this over bought/sold stuff is novice talk, and it is one of the thing/problems that leads new and novice traders to fail.

Yes there is pullbacks within trends but if price is falling and...
first of all I was not rude to anyone.. I don't know where you got that from.. i was just trying to help the guy out.

now..
the band may have changed over course of time and so on and may not looked to be to top to look oversold.. i was not here at the time... but the point of my post was mostly to show the start of the move down and the pullback and the release once it touches or gets close to opposite band to show a example of MOM setup in the making..

now I apologize for doing so and helping out.. i stay quiet..


however.. would you care to show us couple of Live trade of your own so we can learn from such a great professional and a none-novice trader.


happy piping to all.
  • #845
  • Jun 16, 2011 3:01am Jun 16, 2011 3:01am
Quoting P.Dean
first of all I was not rude to anyone.. I don't know where you got that from.. i was just trying to help the guy out.

now..
the band may have changed over course of time and so on and may not looked to be to top to look oversold.. i was not here at the time... but the point of my post was mostly to show the start of the move down and the pullback and the release once it touches or gets close to opposite band to show a example of MOM setup in the making..

now I apologize for doing so and helping out.. i stay quiet..


however.. would you care...
I dont' trade this system, I trade my own price action system and I would be happy to start a thread on FF soon showing it.

Iam just curious to see the system here, but I will not be using it for a few reasons.

1: The people running this thread are misleading, its novice lead novice using the wrong tools in the wrong market.

2: I have just witnessed today and yesterday people being manipulated to trade such a weak system with no regard to whats happening on the econommic calander, one guy has just posted less than 5 mins ago with his chart asking what "just happened" the advice being given here is very weak and misleading to new taders and traing such a silly little indicator based system through these news events is out of order.

London today is jammed with econommic releases from CHF, EURO, GBP and then CAD-USD.

You are trying to dodge bullets all day up/down up/down up/down on a 5 minute chart.

REALLY?


ASK kEV FOR PROOF, DO NOT JUST TAKE HIS WORD FOR IT!

Ask him to open an myFXbook account and that will track all his demo account trades and show you if hes profitable or not!

Also hes the only so called "pro" trader I know that trades both a demo and alledged "real" account, why not just screenshot his real account chart, why would you place trades on a demo and real....

Again a myFXbook account would put this to bed, it takes no time and effort to set up, and will track all his demo trades for him and publicly show them.

Until you have SOLID proof that he is profitable with this system then you are being very very silly indeed and throughing your money away at the advice of some novice in his PJ's on his laptop in his beedroom with MOM down stairs.
  • #846
  • Jun 16, 2011 3:12am Jun 16, 2011 3:12am
Hi All

again to make things easier for me as often I have to work from a small screen.....

because MT4 rescales the charts constantly sometimes the TMA bands can look close together when in actual fact there is quite a bit of distance in terms of pips between them.

without getting the crosshairs out - this can be hard to see, and has meant in the past I have not taken some trades because on initial glance the distance to the next band didn't seem worth it (we are talking mainly the short term scalps not the MOM trades).

I have made a slight modification to the TMA indicator to display the distances in Pips between the Bid price and the bands.

NOTE: NO MODIFICATION HAS BEEN MADE TO THE LOGIC OF TMA

picture attached
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 TMA with Distances.mq4   12 KB | 371 downloads
File Type: ex4 TMA with Distances.ex4   13 KB | 265 downloads
  • #847
  • Jun 16, 2011 3:12am Jun 16, 2011 3:12am
Hello The manager is here and I will be taking all questions and concerns.

Thank you P.Dean for all your help and concerns you are golden.

I think there is a big miss understanding and I am here to clear it up ASAP.
  • #848
  • Jun 16, 2011 3:12am Jun 16, 2011 3:12am
ok, 2nd trade hit the TP @ +20 ...
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  • #849
  • Jun 16, 2011 3:28am Jun 16, 2011 3:28am
Quoting Tk1000
I dont' trade this system, I trade my own price action system and I would be happy to start a thread on FF soon showing it.

Iam just curious to see the system here, but I will not be using it for a few reasons.

1: The people running this thread are misleading, its novice lead novice using the wrong tools in the wrong market.

2: I have just witnessed today and yesterday people being manipulated to trade such a weak system with no regard to whats happening on the econommic calander, one guy has just posted less than 5 mins ago with his chart...
It's up to you to have an opinion and to not use this system. I just know that I just started using this system and it makes a lot of hits. When you're trading on lower timeframes, news is less important because you take small positions. Of course news also reflects on the lower timeframes but it's easier to anticipate on a lower timeframe than on higher timeframes.
  • #850
  • Jun 16, 2011 3:32am Jun 16, 2011 3:32am
Unbelievable,

I am amazed at some people sometimes.I sit here and post live trade after live trade after live trade and he wants more proof.

Because he is being counter productive to the theme of this thread and has posted negative morale draining statements he is no longer welcome on this thread.

I have fired many influential members of this forum because I can recognize their jealousy and deceitful ways.

He bashed us and what we are doing here and added he will soon add his own live trading thread.

I do not find that funny or amusing at all.

The fact is that this thread has been an enormous success and there has been a lack of interest elsewhere.We will not apologize or make a excuse for that.

This is a sign of success!!! You must be doing something positive in order for someone to write such a negative statement to someone that has changed so many lives....and its free.

It is probably a friend of a member or a member theirself under another name that I have fired for the outrageous behavior.


I will not tolerate that kind of selfish narcissistic behavior.

What he does not understand is this is bigger than his peers on forex factory.

This is about traders with dying accounts trying to bring them back to health.

This is about new traders trying to learn how to survive and not lose their deposit.

That is why he has been exited from this thread head first through the doors out into the street on his back.
  • #851
  • Jun 16, 2011 3:38am Jun 16, 2011 3:38am
Quoting kevinator
Unbelievable,

I am amazed at some people sometimes.I sit here and post live trade after live trade after live trade and he wants more proof.

Because he is being counter productive to the theme of this thread and has posted negative morale draining statements he is no longer welcome on this thread.

I have fired many influential members of this forum because I can recognize their jealousy and deceitful ways.

He bashed us and what we are doing here and added he will soon add his own live trading thread.

I do not find that funny or amusing...
Amen!

And now let's concentrate on real business
  • #852
  • Jun 16, 2011 3:44am Jun 16, 2011 3:44am
Hey P.Dean, im not telling you that the EU is Bullish. it is bearish.
What im saying is that you may confuse people saying that a MOM trade is selling EU below the lower TMA band when Stoch is stepping down.

Quoting P.Dean
are you kidding me..
your telling me that e/u in the last 4hrs is not bearish and its bullish... you can just look at the damn chat and see it bearish.. no to mention that the 4hr stoach is showing as such too.

I am speachless.. lol
  • #853
  • Jun 16, 2011 3:47am Jun 16, 2011 3:47am
I still see T.K 1000 here...

He needs to exit right now after all the disrespect to P.Dean and the others.

He has disrespected those trying to rebound their accounts.

He has disrespected those trying to learn new techiniques.

Now that we have thrown the trash out lets get back to business.
  • #854
  • Jun 16, 2011 3:49am Jun 16, 2011 3:49am
Quoting jmw1970
Hi All

again to make things easier for me as often I have to work from a small screen.....

because MT4 rescales the charts constantly sometimes the TMA bands can look close together when in actual fact there is quite a bit of distance in terms of pips between them.

without getting the crosshairs out - this can be hard to see, and has meant in the past I have not taken some trades because on initial glance the distance to the next band didn't seem worth it (we are talking mainly the short term scalps not the MOM trades).

I have made a slight...
Thanks for the updates John..........you are appreciated.
  • #855
  • Jun 16, 2011 3:57am Jun 16, 2011 3:57am
Quoting kevinator
I still see T.K 1000 here...

He needs to exit right now after all the disrespect to P.Dean and the others.

He has disrespected those trying to rebound their accounts.

He has disrespected those trying to learn new techiniques.

Now that we have thrown the trash out lets get back to business.

Thanks for clean up here, we no need ff-member like that here

and thanks for you Work and Time again and all the other helping People here Thanks
  • #856
  • Jun 16, 2011 3:57am Jun 16, 2011 3:57am
Quoting pedross
-15, upon entry both stochs were green, then bamm...

Need some help here guys

Attachment

Pete
Were is your entry point as I do not think you did the trade correctly.
  • #857
  • Jun 16, 2011 4:02am Jun 16, 2011 4:02am
to stop the confusing is this a MOM trade or not?

Both Stoch bullish. and prise at lower TMA band. RF signal = then we buy.
In my world it is....
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  • #858
  • Jun 16, 2011 4:06am Jun 16, 2011 4:06am
I have been sleep and in this trade for some time.

Multiple entry points....

240 stoch red sell ..............

Price pulls back to top of TMA and sell .......Look its pulling backup now


So sell again Tp at the bottom or hold if you get a big enough move.

Simple.
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  • #859
  • Jun 16, 2011 4:07am Jun 16, 2011 4:07am
To me (although I am no expert) that is a perfect MOM trade and follows the rules laid out by Kevinator exactly.

(of course now i am upset i missed it!!!)

Quoting lehmann
to stop the confusing is this a MOM trade or not?

Both Stoch bullish. and prise at lower TMA band. RF signal = then we buy.
  • #860
  • Jun 16, 2011 4:10am Jun 16, 2011 4:10am
Just got the Eurusd.

Everybody men,women,accounts and equipment to the top of the hill.

If they try to kick you when you are down run them over.

Never let anyone derail your success and keep you from your dreams.

240 stoch red as price hits top of TMA....sell.......
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