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Multiple Time Frame Stochastic trading using 1min charts

  • #121
  • Jan 13, 2014 2:37am Jan 13, 2014 2:37am
Quoting strada
Trade 4 was above S2 but used very tight SL. Other factors also used for entry. {image}
Very nice trading.
We miss 100% of the shots we don't take
  • #122
  • Jan 13, 2014 4:03am Jan 13, 2014 4:03am
Quoting strada
Trade 4 was above S2 but used very tight SL. Other factors also used for entry. Update TP2 = +10. Gives +20 for the day, happy with that. {image}

Hi strada,

Could you provide a link to, or paste the ultra stoch that you are using (want to try it ou, tried to find it myself, it is not in the posted indies section of this thread, could not find it in other threads that I follow).

Thanks.
  • #123
  • Jan 13, 2014 7:13am Jan 13, 2014 7:13am
Quoting MidnightRun
{quote} Hi strada, Could you provide a link to, or paste the ultra stoch that you are using (want to try it ou, tried to find it myself, it is not in the posted indies section of this thread, could not find it in other threads that I follow). Thanks.
The indicator is here. I use it without any min/max settings or any other levels, you may prefer to have them though.
cheers, strada.
http://www.forexfactory.com/showthread.php?t=299608
  • #124
  • Edited 8:06am Jan 13, 2014 7:22am | Edited 8:06am
EU +17

Missed out on GU


That's me,see you tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: 13 01 2014 T3.png Size: 25 KB
We miss 100% of the shots we don't take
  • #125
  • Jan 14, 2014 1:20am Jan 14, 2014 1:20am
Morning Strada

+16 on GU for the FO ( closed because GU likes to up and down violently at this time of the morning)

Will see what LO brings
Attached Image (click to enlarge)
Click to Enlarge Name: 14 01 2014 T1.png Size: 23 KB
We miss 100% of the shots we don't take
  • #126
  • Jan 14, 2014 1:27am Jan 14, 2014 1:27am
Morning Rooi, yes I'm in GU today too, still have TP2 in there, but any break of that little high a few bars back and I'll be out too.
  • #127
  • Jan 14, 2014 1:32am Jan 14, 2014 1:32am
Quoting strada
Morning Rooi, yes I'm in GU today too, still have TP2 in there, but any break of that little high a few bars back and I'll be out too.
Nice little drop today on EU and GU

What was TP 1 = ? (8?)
We miss 100% of the shots we don't take
  • #128
  • Jan 14, 2014 1:45am Jan 14, 2014 1:45am
Quoting Rooi
{quote} Nice little drop today on EU and GU What was TP 1 = ? (8?)
Enjoyed the run down and there was a bit of hesitation and closed tp1 at 11.3. TP2 +8
  • #129
  • Jan 14, 2014 1:50am Jan 14, 2014 1:50am
Quoting strada
{quote} Enjoyed the run down and there was a bit of hesitation and closed tp1 at 11.3. TP2 +8
Thats keeping nice and calm.

I find my second exit to be much more controlled once I dump the first half of it.Need to work on my confidence with this.

As the year progresses getting my TP 1 bigger is really a top priority fro me as it adds much better to the total pip count and helps with those ones that go against you.I will have to spend some time collecting data on this.Will do something similar to what you did with bago.

That must be you for the day then?
We miss 100% of the shots we don't take
  • #130
  • Edited 2:12am Jan 14, 2014 1:54am | Edited 2:12am
GU signal 7.45; entry 7.48; TP1 +8

Update 8.07. TP2 +20. first sign of hesitation once price broke through the number. total 47 is good for me. Enjoyed that last trade, in before London open, TP1 banked, TP2 on a free ride into the open (had stop set at +7) and because we never know what the direction will be at that time, I could sit back and enjoy the ride.
  • #131
  • Jan 14, 2014 2:23am Jan 14, 2014 2:23am
Quoting strada
GU signal 7.45; entry 7.48; TP1 +8 Update 8.07. TP2 +20. first sign of hesitation once price broke through the number. total 47 is good for me. Enjoyed that last trade, in before London open, TP1 banked, TP2 on a free ride into the open (had stop set at +7) and because we never know what the direction will be at that time, I could sit back and enjoy the ride.
Very nice.

Thats the advantage of the faster MA and other tools.Its just to busy for me as it give to many signals.I will look how to adapt it in future.For now its just slow and steady
We miss 100% of the shots we don't take
  • #132
  • Edited 2:38am Jan 14, 2014 2:28am | Edited 2:38am
Quoting Rooi
{quote} As the year progresses getting my TP 1 bigger is really a top priority fro me as it adds much better to the total pip count and helps with those ones that go against you.I will have to spend some time collecting data on this.Will do something similar to what you did with bago.
This is the difficult balancing part of the strategy Rooi. Either taking the early smaller profit on TP1 or aiming for a higher one. Pros and cons for either. Smaller tp1 means putting your trade into profit early but there will be occasions when it will be too early if price comes back and closes the rest of your trade at BE and then turns and moves on in the direction of your trade and you are left sitting on your hands (albeit with a profit but possibly a small one in relation to the size of the move). The higher TP1 will more often cause you to go back into the minuses, and then you're thinking you could have had +8 or 10 etc. So a difficult quandary. For what it's worth, especially trading 1min charts, I most definitely prefer the lower and more realistic TP1. Although I'm fairly aggressive on entries I like to be as stress free as possible and the lower TP1 helps greatly in that regard. If there's a decent move on then I'll let TP2 take care of that.
Just my 0.02c worth, it's a good idea to watch how often both scenarios play out, I'll be doing it cause the old rules from bago may not entirely suit G1m.
regards, strada.
  • #133
  • Jan 14, 2014 2:34am Jan 14, 2014 2:34am
Quoting strada
{quote} This is the difficult balancing part of the strategy Rooi. Either taking the early smaller profit on TP1 or aiming for a higher one. Pros and cons for either. Smaller tp1 means putting your trade into profit early but there will be occasions when it will be too early if price comes back and closes the rest of your trade at BE and then turns and moves on in the direction of your trade and you are left sitting on your hands (albeit with a profit but possibly a small one in relation to the size of the move). The higher TP1 will more often cause...

I agree.Will have make the decision in the next week or so and just live with it for a while till I get enough screen time in using this system to colect some info and make a more concrete decision.

I might have a look at some variations and see what it can deliver.The problem is altough the patterns are the same many morings there is till a great deal of variation to the different ways the morning plays out.

I might consider adopting the some of the Gen1min in the coming months to help with the earlier entry with better SL and easier run to TP1 if you understand what I mean.
We miss 100% of the shots we don't take
  • #134
  • Jan 14, 2014 8:09am Jan 14, 2014 8:09am
+ 16 on GU

See you in the morning
Attached Image (click to enlarge)
Click to Enlarge Name: 14 01 2014 T2.png Size: 20 KB
We miss 100% of the shots we don't take
  • #135
  • Jan 15, 2014 1:01am Jan 15, 2014 1:01am
Morning Rooi, in EJ, but it has to break out of this range, cheap SL though.

Update. Reversed position, now short.
  • #136
  • Jan 15, 2014 1:09am Jan 15, 2014 1:09am
Quoting strada
Morning Rooi, in EJ, but it has to break out of this range, cheap SL though.
Morning Strada.

The same.Keeping a eagle eye on it though
We miss 100% of the shots we don't take
  • #137
  • Jan 15, 2014 1:14am Jan 15, 2014 1:14am
Quoting strada
Reversed position, now short.

I miss understood I thought you were short on the first one.

Im short from the start and dumped half for 2pips and looking for a bigger target.Taking some risk off
Attached Image
We miss 100% of the shots we don't take
  • #138
  • Edited 2:12am Jan 15, 2014 1:30am | Edited 2:12am
Hi Rooi, first trade was long from the 6.48 signal, delayed the entry and got a good fill with very cheap SL, closed at -3 (2 tp's so -6)

Short trade TP1 +7 and sl now at BE. Will put chart on later when finished.

Update. closed half of TP2 for 12 (so +6),
and now just closed the other half for 6 (so +3), total for trade +16.

Update 8.03. Re-enter tp2 at 8.01

Closed half for 6 (=+3), SL now @BE
  • #139
  • Jan 15, 2014 1:40am Jan 15, 2014 1:40am
Quoting strada
Hi Rooi, first trade was long from the 6.48 signal, delayed the entry and got a good fill with very cheap SL, closed at -3 (2 tp's so -6) Short trade TP1 +7 and sl now at BE. Will put chart on later when finished.

You always micro manage extremely well.

Not a easy start this morning im my opinion and all the pairs are not sitting were I like them,

Out for +11 on that so +13 at the moment.Almost half way as my daily target is +30
Attached Image
We miss 100% of the shots we don't take
  • #140
  • Jan 15, 2014 1:57am Jan 15, 2014 1:57am
Quoting strada
Hi Rooi, first trade total +16.

Nice.Lets see what LO does here.
We miss 100% of the shots we don't take
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