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  • #1,681
  • Jun 22, 2011 7:00am Jun 22, 2011 7:00am
follow up to my post above, both stochs on my screen are now up?

does this make this trade now invalid?
  • #1,682
  • Jun 22, 2011 7:07am Jun 22, 2011 7:07am
Hi Duffy/All

yes I do use slightly different versions of the indicators, well in actual fact I use both, I gave my reasoning in post 1586, which is basically people complaining about repainting indicators.

the chart i posted earlier on the EU trade uses non-repainting indi's, I was merely pointing out the fact that the system works with both repainting and non-repainting indicators.

Regards
John

Quoting duffy
John (jmw1970) recently posted a chart for a scalp trade. His Ultra Stochastic Color 30 min indicator is something with which I am not familiar, so I have no idea why he is using that instead of the Kevinator indicator. He is however, a generous contributor to this thread and may enlighten us as to his reasoning.

I hope this helps.


Di
  • #1,683
  • Jun 22, 2011 7:19am Jun 22, 2011 7:19am
Hi DeanKenny21,

your reasoning would be correct for a short if either the 1hr or 4hr stoch is down, maybe you just didnt mention this but I wanted to make sure.


Quoting deankenny21
AJ1 and duffy, thank you both for your comments, helping alot, i understand the eur usd potential trade that might be coming, so regarding that trade would you short on close of a down rf bar or would you sell as soon as the down rf bar appears during that 5 min period? many thanks for your help

as of typing the eur usd has reached the top of the tma, now waiting upon downwards rf bar as stochs signalling short. so only other thing i need to know is the above wait for close or sell as soon as bar goes down on rf
  • #1,684
  • Jun 22, 2011 7:22am Jun 22, 2011 7:22am
EURUSD - +18.2 Pips (see post 1672 for entry)

PA got to my intended TP at the top of TMA and went thru it, so I decided to let the trade run as a MOM trade but to ensure I didn't give too much back of my hard earned profits I moved the stop to the original TP (which got hit)
Attached Image
  • #1,685
  • Jun 22, 2011 7:25am Jun 22, 2011 7:25am
Quoting deankenny21
follow up to my post above, both stochs on my screen are now up?

does this make this trade now invalid?

Kenny I always wait for one of the stochs to be onside when in the trade.
As Duffy pointed out for the scalp trade 1hr has be onside and for the MOM 4hr.
Right now short EUR/JPY from 115.34 SL 115.50
  • #1,686
  • Jun 22, 2011 7:28am Jun 22, 2011 7:28am
Quoting Aj1
Kenny I always wait for one of the stochs to be onside when in the trade.
As Duffy pointed out for the scalp trade 1hr has be onside and for the MOM 4hr.
Right now short EUR/JPY from 115.34 SL 115.50
thats pretty much the entry i got

what you aiming for as im out for about 10 or 11 pips

im also currently +16 pips on a eur usd short, with the 4hr stochs stepped down, where should i be aiming for, or what should i look for to exit?
  • #1,687
  • Jun 22, 2011 7:39am Jun 22, 2011 7:39am
Quoting deankenny21
thats pretty much the entry i got

what you aiming for as im out for about 10 or 11 pips

im also currently +16 pips on a eur usd short, with the 4hr stochs stepped down, where should i be aiming for, or what should i look for to exit?

Closed 115.18 +16 pips
  • #1,688
  • Jun 22, 2011 7:45am Jun 22, 2011 7:45am
closed my eurusd for +14.1
  • #1,689
  • Jun 22, 2011 7:55am Jun 22, 2011 7:55am
Deankenny21 / AJ1

a gentle reminder, this is a live trading thread, when posting trades show a screenshot shortly after you have opened (but make sure you do the important things like set SL before!!) so people can see what you are seeing, different brokers/different timeframes can give marked differences.

for instance the EU short you just mentioned didn't even show up on my charts as a possibility for a trade.

This is how people learn to trade this method effectively.

In addition, should you be unlucky and the trade goes against you, other members can give (hopefully) helpful advice for future trades.

By the by, congratulations both on positive pips, everything seems so much easier with a few wins on your belt.

Regards, John
  • #1,690
  • Jun 22, 2011 8:03am Jun 22, 2011 8:03am
Quoting jmw1970
Deankenny21 / AJ1

a gentle reminder, this is a live trading thread, when posting trades show a screenshot shortly after you have opened (but make sure you do the important things like set SL before!!) so people can see what you are seeing, different brokers/different timeframes can give marked differences.

for instance the EU short you just mentioned didn't even show up on my charts as a possibility for a trade.

This is how people learn to trade this method effectively.

In addition, should you be unlucky and the trade goes against you, other...
sorry i will try to post as i trade in future, sometimes copying pasting chart uploading etc when u enter a trade while your trying to moniter is hard for me lol

anyway here is the eur usd trade i took, vertical red line where i entered after confirmation of down rf bar, 4hr stoch showing down with price near top of tma, according to rules i should see some momentum push this price down, did i see everything right here?
many thanks

http://i51.tinypic.com/9vgi74.jpg
  • #1,691
  • Jun 22, 2011 8:05am Jun 22, 2011 8:05am
Quoting jmw1970
EURUSD - +18.2 Pips (see post 1672 for entry)
good one John ,

thing of beauty
  • #1,692
  • Jun 22, 2011 8:08am Jun 22, 2011 8:08am
i have also just entered long on cable

am i doing it wrong?

1hr stoch is up
rf bar has closed on up, i opened on open of next candle

so 1hr stoch being up i should be looking for quick small pips

anything im doing wrong here?

http://i51.tinypic.com/2cqzcpx.jpg
  • #1,693
  • Jun 22, 2011 8:10am Jun 22, 2011 8:10am
trade looks good

regarding the cut/copy/paste thing, there is a script on the thread (look at the paperclip) which you can add as a hotkey and will do all this automatically for you.

then takes less than a second to get a picture of your screen saved to your harddrive which then you can upload at leisure

Quoting deankenny21
sorry i will try to post as i trade in future, sometimes copying pasting chart uploading etc when u enter a trade while your trying to moniter is hard for me lol
  • #1,694
  • Jun 22, 2011 8:11am Jun 22, 2011 8:11am
Quoting jmw1970
trade looks good

regarding the cut/copy/paste thing, there is a script on the thread (look at the paperclip) which you can add as a hotkey and will do all this automatically for you.

then takes less than a second to get a picture of your screen saved to your harddrive which then you can upload at leisure
thank you, im starting to learn this now, how about my cable trade i posted, anything i did wrong there, and what should i aim for?
  • #1,695
  • Jun 22, 2011 8:12am Jun 22, 2011 8:12am
Quoting jmw1970
Deankenny21 / AJ1

a gentle reminder, this is a live trading thread, when posting trades show a screenshot shortly after you have opened (but make sure you do the important things like set SL before!!) so people can see what you are seeing, different brokers/different timeframes can give marked differences.

for instance the EU short you just mentioned didn't even show up on my charts as a possibility for a trade.

This is how people learn to trade this method effectively.

In addition, should you be unlucky and the trade goes against you, other...

Will do, I understand, just a little tough when trading and doing other stuff
at the same time.
Aj1
  • #1,696
  • Jun 22, 2011 8:15am Jun 22, 2011 8:15am
cable trade i posted a min ago closed for +7.9 pips woooooo

i hope i followed rules on that one, im not sure when to exit, so i just exited that one in and around the middle tma line
  • #1,697
  • Jun 22, 2011 8:16am Jun 22, 2011 8:16am
trade looks good

one thing that is not mentioned is also to check not only the pa at the target line, but I also find it helpful to check at the mid line. sometimes it just wont go to the upper/lower line


Quoting deankenny21
i have also just entered long on cable

am i doing it wrong?

1hr stoch is up
rf bar has closed on up, i opened on open of next candle

so 1hr stoch being up i should be looking for quick small pips

anything im doing wrong here?
  • #1,698
  • Jun 22, 2011 8:18am Jun 22, 2011 8:18am
Quoting jmw1970
trade looks good

one thing that is not mentioned is also to check not only the pa at the target line, but I also find it helpful to check at the mid line. sometimes it just wont go to the upper/lower line
ah i see, so kind of aiming for the opposite tma line, while watching for PA around the middle line too.

So let me just clarify, if 1hr stoch is up does that mean should really be aiming for less pips, if only 4hr is in correct direction should we be looking for more of a push, and if both in right direction we should be hoping for larger pips?
  • #1,699
  • Jun 22, 2011 8:23am Jun 22, 2011 8:23am
Quoting deankenny21
cable trade i posted a min ago closed for +7.9 pips woooooo

i hope i followed rules on that one, im not sure when to exit, so i just exited that one in and around the middle tma line
Well done Dean, good trade, the narrow TMA's put me off.
Hope you are now getting the hang of the system, and what to look for.

Aj1
  • #1,700
  • Jun 22, 2011 8:25am Jun 22, 2011 8:25am
you've hit the nail on the head...

1hr up - try to scalp to opposite TMA
4hr up - looking for past the TMA
1 & 4hr up - hoping for a big move

however regardless for me, my initial target is always the opposite TMA band, I make in-trade decisions at the mid-band and the target band

because sometimes what initially starts out as a scalp to the opp. band (ie. 4hr not in alignment) can change into a full blown high momentum trade.

In earlier posts when i post the entry, i generally also mention my thinking of what i am going to do (post 1672 is an example) this is not necessary to post BUT with all trades you should at least have in your own mind a plan of action.

John



Quoting deankenny21
ah i see, so kind of aiming for the opposite tma line, while watching for PA around the middle line too.

So let me just clarify, if 1hr stoch is up does that mean should really be aiming for less pips, if only 4hr is in correct direction should we be looking for more of a push, and if both in right direction we should be hoping for larger pips?
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