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Spud's Predictive MTF Stochastics

  • #1,641
  • Jul 22, 2013 1:29am Jul 22, 2013 1:29am
Quoting iamnoel
{quote} Thanks for the templates. I just got a BUY alert signal on EURUSD, but not sure how to do it, just yet. I hope I got the charts right =) {image}
Not EURUSD. It should be EURJPY. Just keep observing the M5 chart as the market develops momentum. I missed the early move this morning when the JPY market opened. I was sleeping. That was a 80 pip move.

Fx....$
  • #1,642
  • Jul 22, 2013 2:05am Jul 22, 2013 2:05am
Oh, I thought it can be plugged in any pairs.

Here's how my EURJPY charts looked like.
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  • #1,643
  • Jul 22, 2013 4:32am Jul 22, 2013 4:32am
Two indies missing in the chart. Please check them and correct. If not I have updated my indi folder with corrections. I will explain everything shortly.

Fx...$
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.JPG Size: 155 KB
  • #1,644
  • Jul 22, 2013 5:57am Jul 22, 2013 5:57am
Redo it, and seemed like we have identical charts now .... well, almost, unless you put the trendline on H1 manually.

=)
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 132 KB
  • #1,645
  • Jul 22, 2013 6:34am Jul 22, 2013 6:34am
Hi Fx,

Waiting with baited breath to hear your spin on this. Ironically I have been playing around with ideas this weekend using mtf "arrows" on an offline core5 chart. Have noticed you have the 15m stoch on the 5m chart, interested to see how you deal with this as you need to wait 15 bars before that arrow is valid; by which time more often than not you have missed the move. I know you are aware of that so am looking forward to your take on it.

Regards.
  • #1,646
  • Jul 22, 2013 7:21am Jul 22, 2013 7:21am
Quoting wingate
Hi Fx, Waiting with baited breath to hear your spin on this. Ironically I have been playing around with ideas this weekend using mtf "arrows" on an offline core5 chart. Have noticed you have the 15m stoch on the 5m chart, interested to see how you deal with this as you need to wait 15 bars before that arrow is valid; by which time more often than not you have missed the move. I know you are aware of that so am looking forward to your take on it. Regards.
Not 15 bars. It is only 3 bars. Opening of the 4th M5 candle make entry. I missed sell entry and there it has already moved down 30 pips. But there are lot many entry opportunities coming up in EURJPY. I am waiting to apply the same rule for basket trading. I will be trading both the basket and EURJPY. I am carefully drafting the entry and exit rules for this method. Just wait.

Fx....$
  • #1,647
  • Jul 22, 2013 7:27am Jul 22, 2013 7:27am
Hi Fx,

Sorry of course you are correct wait 3 bars on the 5m chart, don't know why I had a 1m chart in my head Anyways no rush, take your time there is no hurry

Regards.
  • #1,648
  • Edited 8:35am Jul 22, 2013 8:21am | Edited 8:35am
Primary indies used :

MTF_Stoch : Black lines placed in M5 chart with M15 stoch.
CCI : White line placed in the same indicator window, with +200 & -200 levels in white.
MACD : Red line in the same window. The MACD plays a vital role in entry. Using MACD with Stochs was the original idea of Nanningbobs.

BIG Picture : Thanks to Favorite for this big picture idea to decide whether to go long or short. You must read his thred at

http://www.forexfactory.com/showthre...14566&page=169

Favorite M1 chart method of scalping is also good and he has been doing it successfully. You can understand the importance of deciding the trend at any point of time during the day trading.

ENTRY : All the above three indicators come together above the +200 or below the -200 level of CCI. Around this area there is first signal given be the mtf_stoch.
After the arrow appears just wait for the next two M5 candles complete. Opening of the 4th candle entry can be made.

EXIT : The MACD & the mtf_stoch will travel across to the other end straight or with some oscillation. Just hang on until these two reach the other side and there you exit the trade. You can also exit when the market crosses the Trend Magic indi.

If you patience, You can follow through the trade until the market crosses the HAS 2 9 2 12.

There were too many other indicators I gave earlier. Now I think all of them will confuse more. So I have minimized to what is just required for entry & exit in order to maintain the chart clean as also be KISS.

Fx....$
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY01.PNG Size: 53 KB
Attached File(s)
File Type: tpl optimu$_5.tpl   618 KB | 632 downloads
File Type: mq4 HAS 2 9 2 12.mq4   5 KB | 715 downloads
  • #1,649
  • Jul 22, 2013 8:32am Jul 22, 2013 8:32am
Hi Fx,

Thank you for the above. Need a little time to digest but initially I am wondering where the 1hr chart comes into play? Or is it simply surplus to requirements?

Thanks.
  • #1,650
  • Jul 22, 2013 9:21am Jul 22, 2013 9:21am
Quoting wingate
Hi Fx, Thank you for the above. Need a little time to digest but initially I am wondering where the 1hr chart comes into play? Or is it simply surplus to requirements? Thanks.
H1 is a must. Based on the TDI & Heikenashi indies we decide to enter the trade even if the mtf_stoch gives the signal. So read the page 169 of Favorites scalping method.

Fx...$
  • #1,651
  • Jul 22, 2013 10:31am Jul 22, 2013 10:31am
Hi Fx,

Started to read about Babon and the bigger picture... after about 20 minutes I thought my head was about to explode What ever happened to KISS, there has got to be an easier and simpler way to trade profitably than this surely to god.

Thank you but back to the drawing board for me.
  • #1,652
  • Jul 22, 2013 10:56am Jul 22, 2013 10:56am
Hi Fx-optimus,

Thanks for the template and explanation.
the HAS 2 9 2 12 supposed to be in 5m template or H1?

And for the entry you mentioned about CCI +200 and -200. Does that mean when the CCI is at +200 we look for sell trade, and vice versa for buy?

bny
  • #1,653
  • Jul 22, 2013 11:34am Jul 22, 2013 11:34am
Quoting bny
Hi Fx-optimus, Thanks for the template and explanation. the HAS 2 9 2 12 supposed to be in 5m template or H1? And for the entry you mentioned about CCI +200 and -200. Does that mean when the CCI is at +200 we look for sell trade, and vice versa for buy? bny
The HAS 2 9 2 12 is to be placed in M5 to guide through the order already placed using mtf_stoch. And that is another option to exit.

The mtf_stoch & the MACD together meet above +200 or -200. That is the entry points. Please have a look at the picture I posted.

Fx...$
  • #1,654
  • Jul 22, 2013 11:40am Jul 22, 2013 11:40am
Quoting wingate
Hi Fx, Started to read about Babon and the bigger picture... after about 20 minutes I thought my head was about to explode What ever happened to KISS, there has got to be an easier and simpler way to trade profitably than this surely to god. Thank you but back to the drawing board for me.
I can understand. Big picture is very important to scalping. As for Basket trading there is no big picture, because we are not scalping in basket. My entry rules holds good for entries in basket. I am waiting for an entry opportunity. I will post the entry in still basketing thread. Catch up the entry there. Basket trading is the best method provided you catch up with the entries at the right time.

Fx....$
  • #1,655
  • Jul 22, 2013 12:41pm Jul 22, 2013 12:41pm
Thanks Fx will do Out of curiosity which time frame have you adopted for the basket H1, H4?
  • #1,656
  • Jul 24, 2013 7:33am Jul 24, 2013 7:33am
Wow, a blast from the past. I haven't gotten an update from this thread in ages! I have to admit that I did have some success with MTF. But it wasn't compatible my trading parameters and schedule at the time. I am interested still, and can currently see some possibilities with my current ideas. I unfortunately am still missing the MTF indicator on my chart with the cci. Can someone please post it for me? Much appreciated.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym-m15-ibfx-inc.png Size: 34 KB
  • #1,657
  • Jul 25, 2013 1:11pm Jul 25, 2013 1:11pm
Quoting ubp
Wow, a blast from the past. I haven't gotten an update from this thread in ages! I have to admit that I did have some success with MTF. But it wasn't compatible my trading parameters and schedule at the time. I am interested still, and can currently see some possibilities with my current ideas. I unfortunately am still missing the MTF indicator on my chart with the cci. Can someone please post it for me? Much appreciated. {image}
I have made the complete set of indicators into the template afresh and attached here. This must be the ultimate scalping tool. Those who stumble up on this thread looking for something are the luckiest to take this. However, there is a catch. This is not very easy for the newbies to absorb. There is lot of reading required.

This is actually Babon scalping method devised by Favorite in FF. To that I have added the MTF Soch+MACD+CCI. It is now very easy to trade the entire market moves 24 hrs. EURJPY, USDJPY, GBPJPY are the best pairs. GBPUSD & EURUSD can also be traded with this however trading hours are restricted during peak volatility.

You must read the Babon scalping method at the thread link I had given in my earlier post. All the indicators included here has importance in trading. Understand the method and just trade.

Please do not ask me questions. I am busy. I will post my trading entries with charts as and when I get time.

Goodluck

FxOptimu$
Attached File(s)
File Type: rar Babon$calper.rar   79 KB | 828 downloads
File Type: tpl optimu$calp.tpl   323 KB | 726 downloads
  • #1,658
  • Jul 26, 2013 4:55am Jul 26, 2013 4:55am
Four trades today's Asia session totalling 124 pips. The charts look impressive after the action had already been taken place. I will try and post real time trade entries as and when they happen. They may be profitable trades or could hit my stop loss. I am not expecting many traders to come here to this corner. I am doing this for my own satisfaction until I open my own thread or blog later some time. I hope spud's will not mind me using his thread as the method is based on mtf_stoch.

FxOptimu$
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  • #1,659
  • Jul 28, 2013 4:10pm Jul 28, 2013 4:10pm
I haven't read much of anything on this thread yet, but I see that it is now active again, and I feel that I have A LOT I can contribute...

I might even start my own thread soon, but I use a system that is eerily similar to Spud's. It would be interesting to hear your guys thoughts and bring this thread back into the daylight... I have no doubts it is still one of the best around!
Please check out my blog at https://from-zero-to-hero . net
  • #1,660
  • Jul 29, 2013 12:23am Jul 29, 2013 12:23am
Quoting smash1820
I haven't read much of anything on this thread yet, but I see that it is now active again, and I feel that I have A LOT I can contribute... I might even start my own thread soon, but I use a system that is eerily similar to Spud's. It would be interesting to hear your guys thoughts and bring this thread back into the daylight... I have no doubts it is still one of the best around!
Hi

The thread is being continued by me as I find no other thread suited. The trading decision is primarily taken based on mtf stoch with additional support from Babon system of scalping. If you have anything to contribute to fine tune this method would be appreciated. Please read last few pages to understand. Anything related to mtf_stoch please you are welcome to contribute.

FxOptimu$
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