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  • #1,981
  • Jun 28, 2011 3:20pm Jun 28, 2011 3:20pm
Quoting jmw1970
must be broker differences, on mine both eu & gu show 4hr stoch as up
I would not cite this as broker differences. I watch feeds from 2 differents brokers, GCI and FXCM, both were down at the time. However, and this is a gray area of the system, both my 1hr and 4hr are now repainted as up. Still, based upon time of day, and where retracement signal crossed zero, I would not have taken a long, even though several other sources have vouched for longs.

Unfortunately, most of the examples given for the system are in a clearly trending market. Lately, the market has been chop, and one is apt to find a reversal of trends every 6-8 hours.
Follow the money --Mark Felt (Deepthroat)
  • #1,982
  • Jun 28, 2011 3:50pm Jun 28, 2011 3:50pm
Hi Longfellow

this is why I switched to non-repainting versions of all the indicators, I was getting myself confused especially on the 4hr with it switching between up & down (usually when in extreme OB/OS)


Regards, John

Quoting longfellow
I would not cite this as broker differences. I watch feeds from 2 differents brokers, GCI and FXCM, both were down at the time. However, and this is a gray area of the system, both my 1hr and 4hr are now repainted as up. Still, based upon time of day, and where retracement signal crossed zero, I would not have taken a long, even though several other sources have vouched for longs.

Unfortunately, most of the examples given for the system are in a clearly trending market. Lately, the market has been chop, and one is apt to find a reversal of trends...
  • #1,983
  • Jun 28, 2011 5:10pm Jun 28, 2011 5:10pm
Quoting P.Dean
G/U live... sorry to put this up late... i was making a reply back post..

now about the setup and trade..
this pair in my eyes is in the range action about 60 pips daily range.. as you see at the time of entry the 4hr is flashing down but the fact is, its not strong.. the 1hr, not even flashing down.. so.. the indies are too inline... but the real action says that the damn thing is in the RANGE... so all i got to do is to play the bands and sell on top and buy in the bottom till it releases out of this range...

Nice trade outside TMA and hitting supply.
  • #1,984
  • Jun 29, 2011 12:35am Jun 29, 2011 12:35am
Entered sell EURUSD

http://content.screencast.com/users/...06-29_1233.png
  • #1,985
  • Jun 29, 2011 1:06am Jun 29, 2011 1:06am
Quoting goldenspring
Entered sell EURUSD

http://content.screencast.com/users/...06-29_1233.png
entered too @ 1.4370 and got stopped out @ 1.43829
  • #1,986
  • Jun 29, 2011 1:12am Jun 29, 2011 1:12am
Here's a couple reasons why I'd be careful about shorting the euro right now (I wouldn't actually, the long are looking pretty nice)

A third is that stocks have rallied 2 days in a row. I may be wrong of course but I'm expecting Euro to take out the highs and rally for a bit
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  • #1,987
  • Jun 29, 2011 2:44am Jun 29, 2011 2:44am
2 sell orders on UC
Attached Image (click to enlarge)
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patient....
  • #1,988
  • Jun 29, 2011 2:55am Jun 29, 2011 2:55am
Very risky trade... (Short)

EDIT: Hehee got busted... unfortunately.


M30 candle looked kinda like a pin bar, so I shorted... Stoch was blinking also.
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  • #1,989
  • Jun 29, 2011 3:07am Jun 29, 2011 3:07am
usdchf
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patient....
  • #1,990
  • Jun 29, 2011 3:27am Jun 29, 2011 3:27am
Quoting johntan
usdchf
USDCHF trend change. cut loss. http://www.forexfactory.com/images/icons/icon9.gif
any mistake i made?
patient....
  • #1,991
  • Jun 29, 2011 3:39am Jun 29, 2011 3:39am
Quoting goldenspring
Entered sell EURUSD

http://content.screencast.com/users/...06-29_1233.png
Wow, what are the thick blue and red lines?
  • #1,992
  • Jun 29, 2011 3:52am Jun 29, 2011 3:52am
The thick red & blue lines are the Upper & Lower TMA channel

Quoting alllivemind
Wow, what are the thick blue and red lines?
  • #1,993
  • Jun 29, 2011 4:42am Jun 29, 2011 4:42am
Quoting jmw1970
The thick red & blue lines are the Upper & Lower TMA channel
Oh, OK, of course, the colors threw me!
  • #1,994
  • Jun 29, 2011 4:47am Jun 29, 2011 4:47am
Quoting johntan
USDCHF trend change. cut loss. http://www.forexfactory.com/images/icons/icon9.gif
any mistake i made?

Hi J,

yes.. several mistakes..

One for most.. this pair is and was at the time of your entry in a super range mood (under 30 daily range).. you need enough room to even play ping pong.. lol
Two.. super narrow band.. not enough to get in and get out for good enough profit, if and when it does go in your direction considering the spread and the buffer (which is wise to use) to come out ahead at the end.
Three.. your entry is close to the bottom of the band.. this kind of signals should be filtered..

and Forth.. and this is only a recommendation..
try to wait for the RF bar candle to close before entry... it will save you a lot of false breaks.. this is what i do.. you don't have to do it.
sure it will result in some later entry or miss the signal.. but in other hand it will save you a lot of quick turnaround loss that leaves a super sour test.. you all know what I mean.. lol

oh forgot the last one... don't even bother with this pair.. it's historically a volatile-less pair.. I just keep eye on it for fun thou.. lol

I hope it helps.
  • #1,995
  • Jun 29, 2011 5:09am Jun 29, 2011 5:09am
Quoting alllivemind
Oh, OK, of course, the colors threw me!


I like your sence of humour!
  • #1,996
  • Jun 29, 2011 5:17am Jun 29, 2011 5:17am
Hi All

don't know if this helps anyone else, but for me I find it useful,

I ignore the direction/colors of the 4hr stoch once it is in OB/OS

I just assume that while it remains in OB it is bullish, OS it is bearish

Reason being is that we are looking at the 4hr stoch on a 5m timeframe, it can remain in OB/OS for a longgggg time, just because it has move slightly down / up, while it is on the OB/OS zone doesn't necessarily mean the trend has changed.

Of course once it is out of these zones then the color/direction matters.

Just my observation of course, for me it's helped.

Regards, John
  • #1,997
  • Jun 29, 2011 5:29am Jun 29, 2011 5:29am
And another thing.... (while I am imparting my somewhat dubious insights)

Yesterday for ME was a terrible day, I couldn't get a trade correct if my life depended on it, and I managed to blow thru some 160 pips in losses.

In fact yesterday alone I had more losers than I have had in the previous 3 weeks.

However, that being said, I am still nicely in profit

somedays the system won't work / or you manage to take every false signal (and like all systems this produces a few)

Everything must be taken into consideration - don't discard a system just because you have a bad day.

(Although for me this is somewhat easier as I have had profitable days upto yesterday, so one losing day not a problem, if it's your first day trading the system and you get such a loser I can understand being less inclined to trust the methodology)

Here's hoping for brighter end to the week than the beginning.

Regards, John
  • #1,998
  • Jun 29, 2011 6:19am Jun 29, 2011 6:19am
Quoting jmw1970
Hi All

don't know if this helps anyone else, but for me I find it useful,

I ignore the direction/colors of the 4hr stoch once it is in OB/OS

I just assume that while it remains in OB it is bullish, OS it is bearish..
u mind explaining what OB/OS stands for? sorry if it sounds stupid.
  • #1,999
  • Jun 29, 2011 6:26am Jun 29, 2011 6:26am
Quoting P.Dean
Hi J,

yes.. several mistakes..

One for most.. this pair is and was at the time of your entry in a super range mood (under 30 daily range).. you need enough room to even play ping pong.. lol
Two.. super narrow band.. not enough to get in and get out for good enough profit, if and when it does go in your direction considering the spread and the buffer (which is wise to use) to come out ahead at the end.
Three.. your entry is close to the bottom of the band.. this kind of signals should be filtered..

and Forth.. and this is only a recommendation..
try...
good advice.
is it a must to entry long at lower band (short at upper band)?
Thanks P.Dean.
patient....
  • #2,000
  • Jun 29, 2011 6:28am Jun 29, 2011 6:28am
Hi all,
I am looking for an alert mtf indicator, giving buy and sell signals only based on the stochastic.
Preferably to the attached indicator, which is the indicator showing in the screenshots of Kevin's very first posts.

Does such exist...? Have been looking all over the thread.
Thanks a lot.
Attached File(s)
File Type: mq4 MTF_Stoch_4TFx4_CJA.mq4   12 KB | 729 downloads
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