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  • #1,321
  • Jul 30, 2012 8:25am Jul 30, 2012 8:25am
Quoting realjumper
Spend some time reading through the thread and you'll have the answers
Sorry I had read 20 pages and jumped to this page to keep up with what was happening today.

My fault, and probably the cause for a few poor trades as I was using the M1 to find the entries instead of the M5.

M1 just has to many false signals, unless you want to scalp a few pips, then I think it could work quite nicely.

Not a good day today in all, markets aren't doing anything vastly exciting.

Thanks RJ for the system, and to all other involved, very impressed.
  • #1,322
  • Jul 30, 2012 8:44am Jul 30, 2012 8:44am
been excellant for me 25 pips on the ftse and 8 pips eu both on my real account, i think i may be getting the hang of this
  • #1,323
  • Jul 30, 2012 9:00am Jul 30, 2012 9:00am
Quoting willt
Sorry I had read 20 pages and jumped to this page to keep up with what was happening today.

My fault, and probably the cause for a few poor trades as I was using the M1 to find the entries instead of the M5.

M1 just has to many false signals, unless you want to scalp a few pips, then I think it could work quite nicely.

Not a good day today in all, markets aren't doing anything vastly exciting.

Thanks RJ for the system, and to all other involved, very impressed.
Take your time, read the thread and study the charts posted. You'll see that most charts are M5, and some M15. M1 is ok, but it takes quick fingers and a pretty good understanding of the currency pair traded.

Today was great, but it's still a green day. Some days it's just better to go do something else. The market will be here tomorrow!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,324
  • Jul 30, 2012 9:01am Jul 30, 2012 9:01am
Quoting magdelen
been excellant for me 25 pips on the ftse and 8 pips eu both on my real account, i think i may be getting the hang of this
You ARE getting the hang of it.......you'll be raking in the pips shortly!!! Well done
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,325
  • Jul 30, 2012 9:04am Jul 30, 2012 9:04am
at 10 pips each. so for the ones posted today, managed to get 80 pips and gave nothing back to Mr Market. that's a wrap for me. hope you guys faired well too!
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 61 KB
  • #1,326
  • Jul 30, 2012 9:05am Jul 30, 2012 9:05am
Quoting realjumper
You ARE getting the hang of it.......you'll be raking in the pips shortly!!! Well done
Thanks RJ , its all down to you and Olivia keeping me on the right path, and its getting so much easier to read the market and a lot less stressful
  • #1,327
  • Jul 30, 2012 9:31am Jul 30, 2012 9:31am
Quoting magdelen
been excellant for me 25 pips on the ftse and 8 pips eu both on my real account, i think i may be getting the hang of this
25 pts on Footsie is quite good today Magdelen...was it just 1 trade or 25 pts overall? I'm asking cuz the FT gave quite a few signals today with M5 & M15 Stox the right way but quite a few of those ended up being losers or b/e.
  • #1,328
  • Jul 30, 2012 9:46am Jul 30, 2012 9:46am
Quoting olivierforex
25 pts on Footsie is quite good today Magdelen...was it just 1 trade or 25 pts overall? I'm asking cuz the FT gave quite a few signals today with M5 & M15 Stox the right way but quite a few of those ended up being losers or b/e.
Just checked my statement 16.3 pips on one trade of the FTSe
and 13 pips over two trade eu, the ftse is in a long uptrend on the daily so i waited for the stochs to be oversold and took the ride up, was going to hang in there to reach the daily support but bottled it and came out early.
  • #1,329
  • Jul 30, 2012 10:13am Jul 30, 2012 10:13am
Quoting yelena
at 10 pips each. so for the ones posted today, managed to get 80 pips and gave nothing back to Mr Market. that's a wrap for me. hope you guys faired well too!
Yelena, any particular reason why you don't trade UsdChf (UC) as it's the exact inverse of EurUsd these days?
Attached Image (click to enlarge)
Click to Enlarge Name: UsdChf.png Size: 27 KB
  • #1,330
  • Jul 30, 2012 11:05am Jul 30, 2012 11:05am
...and can someone please post again the version of the MTF Stochastic that adds the extra bit at the end as on Yelena's charts (the blue bit at the end of the yellow M15 Stox).
Tia

http://www.forexfactory.com/attachme...6&d=1343657034
  • #1,331
  • Jul 30, 2012 11:41am Jul 30, 2012 11:41am
Quoting olivierforex
...and can someone please post again the version of the MTF Stochastic that adds the extra bit at the end as on Yelena's charts (the blue bit at the end of the yellow M15 Stox).
Tia

http://www.forexfactory.com/attachme...6&d=1343657034
It's the same indi, Oli. On the properties page of the indicator, on the Colors tab, change either color 2 or color 3 depending on whether you're displaying %K or %D. That little bit at the end is the current bar in the higher timeframe. The color of that is controlled by those two buffers (#2 or #3).
  • #1,332
  • Jul 30, 2012 12:05pm Jul 30, 2012 12:05pm
Quoting Cody_R
It's the same indi, Oli. On the properties page of the indicator, on the Colors tab, change either color 2 or color 3 depending on whether you're displaying %K or %D. That little bit at the end is the current bar in the higher timeframe. The color of that is controlled by those two buffers (#2 or #3).
Hi Cody,
Sorry I didn't explain properly what I meant & I've just realised my mistake....if you put a M15 MTF stox on a M5 chart then for every 14 minutes and 59s the M15 stox is 'laging' & won't be painted until the M15 bar closes, at which point M5 & M15 will be 'level' again.
I thought that Yelena used a modified version that shows you live where the M15 stox is likely to be painted (the blue bit) but after rechecking the charts I realised that it was taken at the end of the hour when M5 & M15 are always 'level'.
You see that problem even more if you have an H1 Stox on an M5 chart, as the H1 stox 'lags' for 55 mins.
Cheers
  • #1,333
  • Jul 30, 2012 1:04pm Jul 30, 2012 1:04pm
well i want to ask abouts the results
and also one of the humble request to all experts please make a video jorunal for us
  • #1,334
  • Jul 30, 2012 2:07pm Jul 30, 2012 2:07pm
Quoting waheedpcc
well i want to ask abouts the results
and also one of the humble request to all experts please make a video jorunal for us
Why did I not think of that?
  • #1,335
  • Jul 30, 2012 3:20pm Jul 30, 2012 3:20pm
Quoting olivierforex
Hi Cody,
Sorry I didn't explain properly what I meant & I've just realised my mistake....if you put a M15 MTF stox on a M5 chart then for every 14 minutes and 59s the M15 stox is 'laging' & won't be painted until the M15 bar closes, at which point M5 & M15 will be 'level' again.
I thought that Yelena used a modified version that shows you live where the M15 stox is likely to be painted (the blue bit) but after rechecking the charts I realised that it was taken at the end of the hour when M5 & M15 are always 'level'.
You see that problem even...
Here is a stoch indicator that doesn't lag it doesn't look like the other one because its more steps than a curve but it may be helpful.
Attached File(s)
File Type: mq4 MTF_Stoch_4TFx4_CJA.mq4   14 KB | 1,113 downloads
  • #1,336
  • Jul 30, 2012 3:32pm Jul 30, 2012 3:32pm
Quoting waheedpcc
well i want to ask abouts the results
and also one of the humble request to all experts please make a video jorunal for us
This is the 3rd time in your 15 posts here at FF that you have asked for this. Listen.....and listen carefully......it is NOT going to happen.

People here have given you everything, and continue to support those that 'pick up the ball and run with it'. If you are going to constantly cry for someone else to carry the ball for you, you are never going to make it in this business.

So, stop jumping from thread to thread looking for someone to spoon feed you......go here and learn how to trade and how the markets work. When you have done that, come back and talk to us.....ok?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,337
  • Jul 30, 2012 3:48pm Jul 30, 2012 3:48pm
Something we haven't yet spoken about that the newer members might be interested in is the meanings of Stochastic Divergence. RSI and CCI can show divergence, as can MACD and TVi and many others. Personally I think oscillators do the best job, (stoch, rsi etc), but that's just me. I'm not going to get right into the subject here, but if you go here there is a nice easy to read but comprehensive tutorial on divergences.

Divergences don't always work, so they are not an entry signal.....(because we do not predict where the PA is going on this thread, because we don't know!)....but they are a great 'heads up' as to what *might* happen.

Do not form a directional bias in your mind because of this, just bear it in mind *in case* in works out, then you might be able to get a good entry to the action.

So, below is the EU H4 chart, which is showing a Hidden Bullish Divergence.....meaning that the PA might have a run up from here over the coming sessions.

Just something to bear in mind, but not to form a bias in you mind....fwiw
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 147 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,338
  • Edited 11:31pm Jul 30, 2012 9:18pm | Edited 11:31pm
Quoting realjumper
Something we haven't yet spoken about that the newer members might be interested in is the meanings of Stochastic Divergence.
.......
So, below is the EU H4 chart, which is showing a Hidden Bullish Divergence.....meaning that the PA might have a run up from here over the coming sessions.

Just something to bear in mind, but not to form a bias in you mind....fwiw
It is so confusing getting to grips with Regular and Hidden divergence.
Was looking for divergence on the highs of oscillator on your chart until I finally spotted it on the lows.
Have made several attempts to devise an easy aid to memory. After review of the tutorial have put together this aid to memory.
Regular Divergence: Warning of possible Reversal in direction of Oscillator.
Hidden Divergence : Possibility of Continuation in direction of Price.
Bullish Divergence look at the Lows.(Price and Oscillator)
Bearish Divergence look at the Highs.(Price and Oscillator)
Hope it helps and does not add to the confusion!
EP
  • #1,339
  • Edited Jul 31, 2012 1:03am Jul 30, 2012 11:09pm | Edited Jul 31, 2012 1:03am
Quoting EaglePip
It is so confusing getting to grips with Regular and Hidden divergence.
Was looking for divergence on the highs of oscillator on your chart until I finally spotted it on the lows.
Have made several attempts to devise an easy aid to memory. After review of the tutorial have put together this aid to memory.
Regular Divergence: Warning of possible Reversal in direction of Oscillator.
Hidden Divergence : Possibility of Continuation in direction of Price.
Bullish Divergence look at the Lows.(Price and Oscillator)
Bearish Divergence look at the Highs.(Price and Oscillator)
Hope it helps and does not add to the confusion!

Thanks for that, but remember, we don't "expect" anything......we merely keep this in the back of minds. The worst thing in this business is to instill a bias in people

To make things even easier, here is a cheat sheet that I copied from babypips that shows the 4 main types of divergence.
Attached File(s)
File Type: doc Divergence Cheat Sheet.doc   263 KB | 3,492 downloads
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,340
  • Jul 30, 2012 11:34pm Jul 30, 2012 11:34pm
Quoting realjumper
Thanks for that, but remember, we don't "expect" anything.......
Sorry, RJ. Wrong choice of word. I edited the post in line with the cheat sheet.
EP
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