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Multiple Time Frame Stochastic trading using 1min charts

  • #161
  • Jan 16, 2014 2:19am Jan 16, 2014 2:19am
Quoting Rooi
{quote} Nice choice this morning Is that you for today?
Yes, I'm done. I was going to renter TP2 if there was a break of the 8.01 close but it moved down quickly and didn't want to enter too far down, so I'll stick with what's been banked and have some breakfast, 22 pips ~ might afford some jam as well today on that toast!!!
Will put chart on later, cheers for now, strada.
  • #162
  • Jan 16, 2014 2:23am Jan 16, 2014 2:23am
Quoting strada
{quote} Yes, I'm done. 22 pips ~ might afford some jam as well today on that toast!!! Will put chart on later, cheers for now, strada.

LOL

Im sure your 22pips can buy the Jam factory by now

Enjoy and see you tomorrow
We miss 100% of the shots we don't take
  • #163
  • Edited 3:22am Jan 16, 2014 2:30am | Edited 3:22am
Short GU 11 minutes after LO

Closed now +45.3 for the session and 61.2 for the day
screen time 4 hours total

If only it was that easy every day.


EDIT. chart should read 38 support level not resistance level
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1a.png Size: 37 KB
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #164
  • Jan 16, 2014 2:33am Jan 16, 2014 2:33am
Quoting anthm
61.2 for the day screen time 4 hours total {image}

Nice trading Anthm

Is this an indicator?
Attached Image (click to enlarge)
Click to Enlarge Name: indi.png Size: 14 KB
We miss 100% of the shots we don't take
  • #165
  • Jan 16, 2014 2:34am Jan 16, 2014 2:34am
Quoting strada
{quote} Yes, I'm done. I was going to renter TP2 if there was a break of the 8.01 close but it moved down quickly and didn't want to enter too far down, so I'll stick with what's been banked and have some breakfast, 22 pips ~ might afford some jam as well today on that toast!!! Will put chart on later, cheers for now, strada.
Sure beats the old bread and dripping.
Always look forward to seeing your charts Strada.
Cheers
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #166
  • Jan 16, 2014 2:46am Jan 16, 2014 2:46am
Quoting Rooi
{quote} Nice trading Anthm Is this an indicator? {image}
Yes it is, Its part of the Auto-Pivot Plotter V2 indi.
It shows daily pivots , S/R,s and Yesterdays Highs and lows.
You will find Strada uses it also as I found it through him.
anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #167
  • Jan 16, 2014 3:03am Jan 16, 2014 3:03am
Quoting strada
Mornigng Rooi & Anthm, Short GU, first trade today, nothing before Fr open . Update, well that was fortunate, missed the initial run down to +8 while writing the above but still had to reset SL to BE and nearly got taken out. Anyway, all OK now, TP1 +11.5. Update. Exit TP2 for +11.
Chart for this trade, see you all tomorrow, regards, strada.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy m1 2014-01-16.png Size: 40 KB
  • #168
  • Edited 5:34am Jan 16, 2014 4:59am | Edited 5:34am
+14 on GU

Not the best entry but it made it.

Strong selling this morning.PA needed to at least test the bottom of the session or LO push in my opinion to go higher.
Attached Image (click to enlarge)
Click to Enlarge Name: 16 01 2014 T2.png Size: 16 KB
We miss 100% of the shots we don't take
  • #169
  • Jan 16, 2014 11:35pm Jan 16, 2014 11:35pm
Morning,
Very slow Tokyo session for BE, Unfortunately have commitments this afternoon so no trading for me, looking forward to the updates.
Regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #170
  • Jan 16, 2014 11:45pm Jan 16, 2014 11:45pm
Quoting anthm
Morning, Very slow Tokyo session for BE, Unfortunately have commitments this afternoon so no trading for me, looking forward to the updates. Regards Anthm
Morning Anthm or should I say good afternoon


Everything is in a pretty tight range at the moment.Will see what FO can do to open it up a bit


GU sitting at a vital area at the moment and I fance EJ to the downside although it forming a upside down head and shoulders on the 60 min and the long term trend is up.So will see what the banksters do at the open

Is BE for for the Asian session relatively normal or whats the average that you do before LO normally ?

Rooi
We miss 100% of the shots we don't take
  • #171
  • Jan 17, 2014 12:17am Jan 17, 2014 12:17am
Quoting Rooi
Hi This thread will focus on using the MTF(Multiple Time Frame) Stochastic. This thread draws its inspiration from the Genesis Matrix System (http://www.forexfactory.com/showthread.php?t=373796 ) Thanks to RJ and the others for letting us start this Thread where we will focus on all variations of their 1 min System. Please feel free to post all relevant 1 min charts here that you wish to share.Together with any description that you might feel useful in explaining why did what you did. This not the place to have long winded debates and...
Uh-oh!

You started a new MTF thread. I've been thinking about doing so for over a year, but haven't because I don't want to disclose the details of my system just yet.

Everyone beware... Some very powerful stuff here. Congrats on the thread. I have subscribed and will contribute more if and when I feel like it.
Please check out my blog at https://from-zero-to-hero . net
  • #172
  • Jan 17, 2014 12:36am Jan 17, 2014 12:36am
Quoting smash1820
{quote} Everyone beware... Some very powerful stuff here. I have subscribed and will contribute more if and when I feel like it.
Hi Smash

Yip, the MTF is pretty sound and powerful if used correctly.

Looking forward to seeing some of your charts :nerd::nerd:


Many pips to you sir
We miss 100% of the shots we don't take
  • #173
  • Edited 2:10am Jan 17, 2014 12:46am | Edited 2:10am
Morning, short GU,details later

Update. Considered bago exit off 7am bar but really wanted to see if there would be a break of all those previous highs from last hour. Also offered an exit at -2/3 around 7.13 but after yet another failure of price to break those highs after 7 decided to let the trade run its course on the original SL (-8). New G1m signal at 7.20 which if it had gone to +1pip was ready to reverse position, it only went to +0.5pip. TP1 +11.5; TP2 +20. When price reversed off its lo's after 7.30 it created few new highs which I used as exit targets, none of them broken by more than 1pip and wanted to be still in trade for Lo open. Closed on +20 when price reversed away from last low, didn't want to give any more than that away. and looking for a finish.
Lots of scenarios to consider during that trade, glad I wasn't looking into the thread!!!
  • #174
  • Edited 1:02am Jan 17, 2014 12:47am | Edited 1:02am
Quoting strada
Morning, short GU,details later
Morning.

Im trying to stick it out till FO open but Im on the same page

Update:Short but very tight SL = -10(2X-5)
We miss 100% of the shots we don't take
  • #175
  • Jan 17, 2014 1:01am Jan 17, 2014 1:01am
Morning strada (but actually Goodnight for me, as it is past my bedtime already gotta wake up in 5 hours lol)

Just checked GU and I mostly agree with you but I would be careful. It looks like a pullback will happen first and as I am a daytrader that is a big deal for me because I always like to be as accurate as possible.

1M, 5M, 15M, 30M, and now 1H are all starting to rebound and a real, sustainable rebound or bounce is, indeed, quite possible.

Holy crap... looks like it's already started (I don't normally trade GU).
Please check out my blog at https://from-zero-to-hero . net
  • #176
  • Jan 17, 2014 1:09am Jan 17, 2014 1:09am
look at these candles

i don't know what will happen but it looks up to me
Attached Image
Please check out my blog at https://from-zero-to-hero . net
  • #177
  • Jan 17, 2014 1:12am Jan 17, 2014 1:12am
I might even go long here soon. Thanks for the idea!

... Well, I think U/J looks good here too.
Please check out my blog at https://from-zero-to-hero . net
  • #178
  • Jan 17, 2014 1:24am Jan 17, 2014 1:24am
Whilst GU is showing a buy, its usually best to wait until after London Opens, especially if there has been little action in the AustralAsian session....
Attached Image
Trading Levels with WRBs
  • #179
  • Jan 17, 2014 1:29am Jan 17, 2014 1:29am
Quoting Islander
Whilst GU is showing a buy, its usually best to wait until after London Opens, especially if there has been little action in the AustralAsian session.... {image}
Do you trade solely using the Sonic R system?
Please check out my blog at https://from-zero-to-hero . net
  • #180
  • Jan 17, 2014 1:41am Jan 17, 2014 1:41am
Quoting smash1820
{quote} Do you trade solely using the Sonic R system?
No, I left Sonic's excellent thread as my trading there was too subjective and I wanted to add some indicators to allow me to make up an Objective set of trading rules.

RJ's Genesis thread was a great start and I'm also experimenting with some of Alien's indicators. You can see my work In Progress in my old thread...

http://www.forexfactory.com/showthre...14628&page=224

PS That buy signal in cable was a typical FH fakeout - but let's see what LO brings....
Trading Levels with WRBs
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