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Multiple Time Frame Stochastic trading using 1min charts

  • #41
  • Dec 19, 2013 4:22am Dec 19, 2013 4:22am
I'm using auto pivot plotter v2 and my charts are on london time with the offset at 22.00. That way the short sunday session is wrapped into monday. I'm sure that's what was recommended on the main thread and it's regarded as the norm mostly.
If you want the indie let me know and I'll beam it over to you.
  • #42
  • Dec 19, 2013 4:29am Dec 19, 2013 4:29am
Quoting strada
I'm using auto pivot plotter v2 and my charts are on london time with the offset at 22.00. That way the short sunday session is wrapped into monday. I'm sure that's what was recommended on the main thread and it's regarded as the norm mostly. If you want the indie let me know and I'll beam it over to you.
I will have a look at a different indicator that I can set the time off to synchronize the pivots.

Are you looking to take any further trades today?
We miss 100% of the shots we don't take
  • #43
  • Dec 19, 2013 4:40am Dec 19, 2013 4:40am
Hi Rooi, unlikely I'll do any more today, after all I have a profit, ha ha. I've just been doing my banking for the month/end of year, I normally only leave nominal amounts in my accounts over xmas, you just never know with these brokers, you think they're all sound but you can't be too sure. Once I've done that, I've got a fair amount ot do so will probably finish here.

Re pivots, RJ normally goes with those on actionforex so when you're setting your offset, have a quick check on their site and you'll know then if your pivot numbers are OK. Use their Daily set of pivots. Will send link on PM, not sure if it's right to post it here.
  • #44
  • Dec 19, 2013 5:29am Dec 19, 2013 5:29am
Quoting Islander
As we know, stochastics go OB / OS and can stay there for some time, during which time they are of less value. Even moving up a TF as I have on this chart to the 4 hour does not help a lot. I prefer to look at the PA around both levels and the known times.....this afternoon's rally started ~ the first NY Open, the US data at 13:30 cause that wide spike up. Today, the open of the NYSE had no efffect - unlike the NY Cut at 10am EST / 15:00 GMT and the high was 7 minutes before price fell into the London Fix and we can expect further movement in the...

Hello Islander, I love your charts they give clear direction, no missing the entry signal with the alignment.
Please I'm interested in your volume indicators, do they really work on MT4?
I'm thinking if one can really identify volume from M1 it would give more sharpness to the edge, could you please post your Volume indies and a PDF guide or explanatory notes on using it (never been able to make sense out of the platform indicator)so I could research?

Thanks in advance.
Let it turn and find your entry.
  • #45
  • Dec 19, 2013 5:32am Dec 19, 2013 5:32am
Quoting strada
Hi Rooi, unlikely I'll do any more today, after all I have a profit, ha ha. I've just been doing my banking for the month/end of year, I normally only leave nominal amounts in my accounts over xmas, you just never know with these brokers, you think they're all sound but you can't be too sure. Once I've done that, I've got a fair amount ot do so will probably finish here. Re pivots, RJ normally goes with those on actionforex so when you're setting your offset, have a quick check on their site and you'll know then if your pivot numbers are OK. Use...
Please do, post it here, much appreciated.

Thank you!
Let it turn and find your entry.
  • #46
  • Dec 19, 2013 2:38pm Dec 19, 2013 2:38pm
Good evening. I try to follow Islander's method. This is my long on EJ (sorry for my English)
Attached Image (click to enlarge)
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  • #47
  • Dec 19, 2013 3:00pm Dec 19, 2013 3:00pm
Quoting Intrepidpips
{quote} Hello Islander, I love your charts they give clear direction, no missing the entry signal with the alignment. Please I'm interested in your volume indicators, do they really work on MT4? I'm thinking if one can really identify volume from M1 it would give more sharpness to the edge, could you please post your Volume indies and a PDF guide or explanatory notes on using it (never been able to make sense out of the platform indicator)so I could research? Thanks in advance.

This are the indicators.
Attached File(s)
File Type: mq4 Atr&CandleLength.mq4   4 KB | 545 downloads
File Type: mq4 SonicR PV Histogram (White).mq4   13 KB | 631 downloads
  • #48
  • Dec 19, 2013 3:05pm Dec 19, 2013 3:05pm
Quoting anthm
{quote} Good Morning Figgsey Many may argue with me however in my personal opinion I don't consider Genesis 1 minute trading as scalping. The reason for trading on 1 minute charts is to be able to get into the market at a cheap SL and so as to capture as much of the move as possible. An entry that starts with a 1minute chart set up could go to be on the table for several hours. Having said that I am not doubting that scalpers use 1 minute charts, but that's not the style of trading that Genesis is all about. Just my thoughts and I would welcome...
Hi Anthm,

Thank you for yours thoughts, I am still investigating. One interesting observation from today is using Islander's 3 Dragons for shorter term entries than longer trends (M15) for a POC small hedge. EURUSD has been swinging all over the place today!

Figgsey
  • #49
  • Dec 20, 2013 1:20am Dec 20, 2013 1:20am
Well I messed it up this morning a bit.

I closed my TP 2 and TP 3 at the same price on my GU short by mistake. FFS . That just shows my mind is not focused on the trading as it should be.

Ended on +12.1 for all three TP's together.

Was really a nice trade setup as it made a new low for the day without any hiccups.

Because of yesterdays lack of volatility I closed the 1 tp for 3.1pip and Tp2 and Tp3 for +4.5
Really only wanted to close the first two to eliminate some risk and see if we could get a runner on the TP3

Well guys that finishes off my trading for the year.

Wishing you all a great festive season filled with lots of joy.

I will be back here on the 02/01/2014 then we will see what we can do with this strategy.

Merry Xmas and New Year
Rooi
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #50
  • Dec 20, 2013 1:38am Dec 20, 2013 1:38am
Quoting Intrepidpips
{quote} Hello Islander, I love your charts they give clear direction, no missing the entry signal with the alignment. Please I'm interested in your volume indicators, do they really work on MT4? I'm thinking if one can really identify volume from M1 it would give more sharpness to the edge, could you please post your Volume indies and a PDF guide or explanatory notes on using it (never been able to make sense out of the platform indicator)so I could research? Thanks in advance.
Hi - I've got a bug and took the day off yesterday.

You can find the Pdf and indicators in the Genesis thread - just click on the #3,257 by the paperclip in the blue band on the top of each page to open the File Attachments. The Pdf is ProfitTaking........posted by Mikk01 who saved my work as a Pdf....

Read some of my posts there and you will see how I use volume and WRBs. Also I posted my trading rules a couple of days ago.....
Trading Levels with WRBs
  • #51
  • Dec 20, 2013 1:40am Dec 20, 2013 1:40am
I just posted this trade there too - an easy entry and as the PA is "not reliable" in FH - I was happy to take 15 pips.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #52
  • Dec 20, 2013 1:43am Dec 20, 2013 1:43am
Morning Rooi, I'm in GU as well. I just missed the earlier signal, was still setting up. I closed half at +12 when price turned back towards S1, stoch5 recrossed and the signal started breaking up. Other half at BE SL and I might let it run out to that or will more likely close it if price breaks the recent high when it crossed above the S1.

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  • #53
  • Dec 20, 2013 1:51am Dec 20, 2013 1:51am
Quoting dan4o
{quote} This are the indicators. {file} {file}
Thanks for posting those - looks like you had a couple of good trades too, so I am happy that you find my ideas useful - and profitable
Trading Levels with WRBs
  • #54
  • Edited 2:09am Dec 20, 2013 1:52am | Edited 2:09am
Well at least all 3 of us backed the willing pair for the FO open.

Nice going with trade Islander.Love you charts and analysis.

Strada good going with the runner.When I closed the third TP I just knew that you would be milking it all the way to the bottom.Hope it continues lower.Looking for some nice ones like that in the new year.

Thanks to both of you for contributing

Rooi
We miss 100% of the shots we don't take
  • #55
  • Dec 20, 2013 2:10am Dec 20, 2013 2:10am
Cheers Rooi, closed the other half for +5, considered going long but the signal presented below S1 and price now above S1 but don't like entering trades so late after a signal.
  • #56
  • Dec 20, 2013 2:17am Dec 20, 2013 2:17am
This chart is what I prefer to use - candlesticks and William Bauer's Tick Volume Index - so not another rehash of PA, but an analysys of the volume, tick by tick. Its main use for me is divergence and as you can see, the second push down had TVI higher - so +ve divergence and coupled with the red high volume in that red hammer that was the low tells me to bank......OK, I was already out, but that's because I'm an early banker in Frankies Hour.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #57
  • Dec 20, 2013 2:20am Dec 20, 2013 2:20am
This allows you to change from candlesticks to HA candles more easily - "true or false"
Attached File(s)
File Type: mq4 Candles vs Heiken Ashi (black).mq4   5 KB | 557 downloads
Trading Levels with WRBs
  • #58
  • Dec 20, 2013 2:32am Dec 20, 2013 2:32am
Thanks Islander, think we can all benefit from your ideas on exits, I'm going to have a closer look at your charts. Will I find your indies and some info on your other thread?
  • #59
  • Dec 20, 2013 2:42am Dec 20, 2013 2:42am
Quoting strada
Thanks Islander, think we can all benefit from your ideas on exits, I'm going to have a closer look at your charts. Will I find your indies and some info on your other thread?
My older posts with Medici were testing many ideas including range bars and tick charts. The last couple of pages were with my Three Dragons system that I developed in Sonic's thread and the more recent posts have the Geneis input which allowed me to work up my objective set of trading rules and I used it for answering queries, so a number of repeated posts....
Trading Levels with WRBs
  • #60
  • Dec 20, 2013 2:46am Dec 20, 2013 2:46am
Quoting dan4o
{quote} This are the indicators. {file} {file}

Thanks mate
Keep catching some more of those pips and you'd soon be hiring a British English Professor as your English coach
Let it turn and find your entry.
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