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The 3-plan

  • #161
  • Dec 5, 2013 9:01am Dec 5, 2013 9:01am
The NEW Barrier is now 1.35840!!!

Price will try to test it. If we close below it is 240 minutes, we could get sleeper-cells .......
  • #162
  • Dec 5, 2013 9:13am Dec 5, 2013 9:13am
Quoting Eurusdd
The NEW Barrier is now 1.35840!!! Price will try to test it. If we close below it is 240 minutes, we could get sleeper-cells .......
Sounds good. Ill watch and see if price tests this number. Awaiting patiently.
Faith ends where worry begins, and worry ends where faith begins.
  • #163
  • Dec 5, 2013 9:19am Dec 5, 2013 9:19am
Quoting Eurusdd
The NEW Barrier is now 1.35840!!! Price will try to test it. If we close below it is 240 minutes, we could get sleeper-cells .......
Curious, are you short, long or on the sidelines waiting?
Faith ends where worry begins, and worry ends where faith begins.
  • #164
  • Dec 5, 2013 9:48am Dec 5, 2013 9:48am
Quoting Jackub
EURUSDD please, I have problem to folllow this thread so started with "Similarity", to gain some bases, is this right explanation what happenes today with eur/usd?? circle is out of similarity, (A), square (B) is back to similarity (sync), and C price final destitation?? {image} Best Regards
This thread is not about similarity or dis-similarity. The stoch in this case is used to pick tops or bottoms and that is all.
  • #165
  • Dec 5, 2013 9:52am Dec 5, 2013 9:52am
Quoting Eurusdd
{quote} This thread is not about similarity or dis-similarity. The stoch in this case is used to pick tops or bottoms and that is all.
Thank you and sorry ....
JacekPreserve Precious Capital
  • #166
  • Dec 5, 2013 9:57am Dec 5, 2013 9:57am
Quoting Jackub
{quote} Thank you and sorry ....
The idea is to deliver a strategy that does not fail three times in a row for a very long time. Still working on it.
  • #167
  • Dec 5, 2013 10:35am Dec 5, 2013 10:35am
Quoting Eurusdd
{quote} The idea is to deliver a strategy that does not fail three times in a row for a very long time. Still working on it.
if it really didn't fail more than 3 times we could always martingale it.
dreams do come true.
  • #168
  • Dec 5, 2013 11:17am Dec 5, 2013 11:17am
third time... it better start tanking otherwise we'll have to change the name of the thread to 4 plan
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dreams do come true.
  • #169
  • Dec 5, 2013 11:23am Dec 5, 2013 11:23am
Quoting wannaberich
third time... it better start tanking otherwise we'll have to change the name of the thread to 4 plan
What gap were you looking for it to fill down below? I'm wondering if the main idea is to see a missing activity, like what's occurring right now up top, wait for the stoch to trade through 0, and go long there with an objective back to the top price area we're at now?

As of right now, I don't have a prior disimilarity to target down below, so it seems like you wouldn't be looking to short this anyways?
  • #170
  • Dec 5, 2013 11:33am Dec 5, 2013 11:33am
Quoting forrestang
{quote} What gap were you looking for it to fill down below? I'm wondering if the main idea is to see a missing activity, like what's occurring right now up top, wait for the stoch to trade through 0, and go long there with an objective back to the top price area we're at now? As of right now, I don't have a prior disimilarity to target down below, so it seems like you wouldn't be looking to short this anyways?
i guess the answer is 6 posts back.

green pips
dreams do come true.
  • #171
  • Dec 5, 2013 11:35am Dec 5, 2013 11:35am
Ok lets see...taking reference from post #116,#128,#129,#145,#146 I've come up with a "test plan" to trade this system.

Chart Setup
Price window : 1min / 1ema close / Y ema close that is usually flat when applied to the 1min TF, 2000 being the recommend default for Y.

Indicator window : 1st Stoch X.1.1, X being the value of the "flat" ema so if using 2000ema set stoch to 2000.1.1.
*other suggested values of stoch are 1900-2000 and ~2445 so if using 1950 set ema to 1950 instead.
**main idea is to use a Y ema that is a flat as possible in a manner of speaking so tweak your settings base on this principle. eg 2440 ema is flattest set stoch to 2440.1.1.

2nd Stoch needs a bit of work to get.
1) After selecting your flat ema, look for periods where the ema is literally flat or almost flat.
2) Overlay the 2nd stoch on the 1st with Z.1.1. Z being a value where the 2nd stoch lines up perfectly with the 1st when your flat ema is well...flat. Post #145 for visual example. You may have to trial and error with the value Z for a bit.

Entry & Exit
1)Enter when the stochs line up basically, sell if in upper limits 80-100 and buy if in lower limits 20-0
2)Exit when the stochs split.
*This is a very simple trading idea and is by no means comprehensive. For cases when the stochs line up at the middle range I do not intend to trade for the simple reason of I do not know know what to do.

*)Stop loss is the gap between entry point to last peak/low. For me I will take the last peak closest to an extreme value 100/0 and minus the price where the stochs line up and if its a comfortable value i will enter. You have to exercise your own discretion on this. Basic trading knowledge required.
**)Exit is not limited to when the stochs split. You can use 2:1, 3:1, S&R etc etc again you have to exercise your own discretion on this. Basic trading knowledge required.
I want more brain power!
  • #172
  • Dec 5, 2013 11:43am Dec 5, 2013 11:43am
Quoting wannaberich
{quote} i guess the answer is 6 posts back. green pips
I saw that as well, but I don't think we're just looking for divergences at extremes by themselves, as they work about as often as they fail.
  • #173
  • Dec 5, 2013 12:02pm Dec 5, 2013 12:02pm
Quoting Eurusdd
The NEW Barrier is now 1.35840!!! Price will try to test it. If we close below it is 240 minutes, we could get sleeper-cells .......
I do not know what sleeper cell means but I concur with the price level being important as my price levels indicated 1.3582 as a major support.
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  • #174
  • Dec 5, 2013 12:05pm Dec 5, 2013 12:05pm
Quoting cfdtaleong
Stop loss is the gap between entry point to last peak/low. For me I will take the last peak closest to an extreme value 100/0 and minus the price where the stochs line up and if its a comfortable value i will enter. You have to exercise your own discretion on this. Basic trading knowledge required. **)Exit is not limited to when the stochs split. You can use 2:1, 3:1, S&R etc etc again you have to exercise your own discretion on this. Basic trading knowledge required.
YOU ARE GOOD!
  • #175
  • Dec 5, 2013 12:07pm Dec 5, 2013 12:07pm
Quoting forrestang
{quote} I saw that as well, but I don't think we're just looking for divergences at extremes by themselves, as they work about as often as they fail.
don't know bro. you have to ask the boss himself. the way i see it, stoch (as any oscillator) with "standard" or more normal settings (not 2000 or more) will tend to come to the mid when price stalls. in this case the stoch will stay at the extremes and it will only deflect from those levels when price does so. still have quite a few doubts about the system namely where to set the tp; at the other extreme of the stoch? would be great but i don't really think we will always travel from extreme to extreme in the stoch...

but i am here to learn. patiently
dreams do come true.
  • #176
  • Dec 5, 2013 12:12pm Dec 5, 2013 12:12pm
Quoting cfdtaleong
... 2)Exit when the stochs split. ...
thanks, i see. makes perfect sense.

that just cleared one of my doubts!

green pips
dreams do come true.
  • #177
  • Dec 5, 2013 12:12pm Dec 5, 2013 12:12pm
The 1ema on 30mins will continue to close below 1.36656 for the immediate term with 80%+ prob.
  • #178
  • Dec 5, 2013 12:18pm Dec 5, 2013 12:18pm
So i propose a top for the 1ema at 1.36656 on the 30mins chart. Sell is now appropriate with 10-14pips sl
  • #179
  • Dec 5, 2013 12:30pm Dec 5, 2013 12:30pm
TRADE:


Sell EURUSD @ 1.36656 +/- 2pips

SL = 10-14 pips

TP : that level may hold for long!!

Probability of success: 80%+
  • #180
  • Dec 5, 2013 12:32pm Dec 5, 2013 12:32pm
Quoting cfdtaleong
Ok lets see...taking reference from post #116,#128,#129,#145,#146 I've come up with a "test plan" to trade this system. Chart Setup Price window : 1min / 1ema close / Y ema close that is usually flat when applied to the 1min TF, 2000 being the recommend default for Y. Indicator window : 1st Stoch X.1.1, X being the value of the "flat" ema so if using 2000ema set stoch to 2000.1.1. *other suggested values of stoch are 1900-2000 and ~2445 so if using 1950 set ema to 1950 instead. **main idea is to use a Y ema that is a flat as possible in a manner...

Will Do, Buddy! Looks the most promising way to trade this; will be looking at the 50% line to see if there is a way to capitalize on an entry.
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