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Multiple Time Frame Stochastic trading using 1min charts

  • #181
  • Jan 17, 2014 1:43am Jan 17, 2014 1:43am
- 10 1st
+20 2nd
Attached Image (click to enlarge)
Click to Enlarge Name: 17 01 02014 T1.png Size: 22 KB
We miss 100% of the shots we don't take
  • #182
  • Jan 17, 2014 1:46am Jan 17, 2014 1:46am
Quoting Rooi
- 10 1st +20 2nd {image}

that's impressive that you were able to reverse so quickly and catch the drop..... a higher volumed WRB is a good alert....
Trading Levels with WRBs
  • #183
  • Jan 17, 2014 1:54am Jan 17, 2014 1:54am
Quoting Islander
{quote} that's impressive that you were able to reverse so quickly and catch the drop..... a higher volumed WRB is a good alert....

Thanks.Was looking for that drop since yesterday

Not always good to trade based on feelings. Aleast it worked out
We miss 100% of the shots we don't take
  • #184
  • Jan 17, 2014 1:59am Jan 17, 2014 1:59am
Quoting Rooi
- 10 1st +20 2nd {image}
Hi Rooi

I count -5 and +10 on the image, please check
When all conditions are met - Enter trade - sit back and FRET !!!
  • #185
  • Jan 17, 2014 2:06am Jan 17, 2014 2:06am
Quoting jsf
{quote} Hi Rooi I count -5 and +10 on the image, please check
Hi jsf

2 positions on each trade

1 st SL - 5 x 2 = - 10
2 nd profit of 10 x 2 = +20
We miss 100% of the shots we don't take
  • #186
  • Jan 17, 2014 2:12am Jan 17, 2014 2:12am
Quoting Rooi
{quote} Hi jsf 2 positions on each trade 1 st SL - 5 x 2 = - 10 2 nd profit of 10 x 2 = +20

Ok
When all conditions are met - Enter trade - sit back and FRET !!!
  • #187
  • Jan 17, 2014 2:29am Jan 17, 2014 2:29am
Quoting strada
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...
Chart below, have a good weekend all, strada.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy m1 2014-01-17.png Size: 45 KB
  • #188
  • Jan 17, 2014 2:33am Jan 17, 2014 2:33am
Quoting strada
{quote} Chart below, have a good weekend all, strada. {image}

Nice and calm as always

Great trading!

Enjoy the weekend

See you on Monday
We miss 100% of the shots we don't take
  • #189
  • Edited 3:00am Jan 17, 2014 2:39am | Edited 3:00am
Quoting strada
Lots of scenarios to consider during that trade, glad I wasn't looking into the thread!!!
I agree.Lots happening.

I will be posting a lot less during the opens
Attached Image (click to enlarge)
Click to Enlarge Name: 17 01 02014 if.png Size: 38 KB
We miss 100% of the shots we don't take
  • #190
  • Jan 17, 2014 7:18am Jan 17, 2014 7:18am
Quoting Rooi
{quote} I will be posting a lot less during the opens {image}
+16 Grabbing what I have and closing up shop

More focus next week.

Consistency comes from focus.


Enjoy the weekend
Attached Image (click to enlarge)
Click to Enlarge Name: 17 01 02014 T2.png Size: 45 KB
We miss 100% of the shots we don't take
  • #191
  • Jan 17, 2014 7:13pm Jan 17, 2014 7:13pm
The G/U trade idea from the last couple of pages gave me a new, really good concept that I'm gonna try to program this weekend. I started to think about why G/U moved so much on Friday (today) and also why U/J didn't... And I've concluded that GU was trending while UJ was not. That may sound overly simple, but This made me realize the key is not just knowing WHEN to trade, but also knowing what PAIR to trade. Which is why I'm going to write something to spit out the most-trending currency pair(s). This has been done before at FF, except I'm going to use a better and simpler logic. Thanks for giving me this idea!!!
Please check out my blog at https://from-zero-to-hero . net
  • #192
  • Jan 18, 2014 3:55am Jan 18, 2014 3:55am
Quoting dan4o
Hi Rooi this is the indicator {file}
Hello Dan4o,

I like your charts and most especially your consistent high results, it would be helpful if you could post all your indies and templates and entry and exit rules.

Keep up the impressive perfomance!
Let it turn and find your entry.
  • #193
  • Jan 18, 2014 7:48am Jan 18, 2014 7:48am
Great thread!

About money management, there is a lot of smart TradeManager EA:s to use.
Anyone tested any of them?

Maybe this could be a smart setup on M1? Profit targets in three levels.
- TP1: 8 pips
- TP2: 13 pips
- TP3: Trailing 5 pips behind the price, kicks in when TP2 is reached.

- BE: Set when TP1 is reached
- SL: 9 pips

Please leave some feedback.
  • #194
  • Jan 18, 2014 10:11am Jan 18, 2014 10:11am
Quoting LFN
Great thread! About money management, there is a lot of smart TradeManager EA:s to use. Anyone tested any of them? Maybe this could be a smart setup on M1? Profit targets in three levels. - TP1: 8 pips - TP2: 13 pips - TP3: Trailing 5 pips behind the price, kicks in when TP2 is reached. - BE: Set when TP1 is reached - SL: 9 pips Please leave some feedback.
There are enough choices for trade management ea but I have used Steve's trade management ea and has all options that you mentioned.
http://www.forexfactory.com/showthread.php?t=89371
Be Greedy
Dices Return This Week: na
  • #195
  • Jan 18, 2014 11:02am Jan 18, 2014 11:02am
Quoting LFN
Great thread! About money management, there is a lot of smart TradeManager EA:s to use. Anyone tested any of them? Maybe this could be a smart setup on M1? Profit targets in three levels. - TP1: 8 pips - TP2: 13 pips - TP3: Trailing 5 pips behind the price, kicks in when TP2 is reached. - BE: Set when TP1 is reached - SL: 9 pips Please leave some feedback.

That would be great, do share any you might have.
Let it turn and find your entry.
  • #196
  • Jan 18, 2014 11:05am Jan 18, 2014 11:05am
Had a wild day on Thursday, don't even ask.
Friday was recovery day thanks to this thread!
Attached Image (click to enlarge)
Click to Enlarge Name: MY REVENGE.png Size: 124 KB
Let it turn and find your entry.
  • #197
  • Jan 18, 2014 6:08pm Jan 18, 2014 6:08pm
Quoting Intrepidpips
{quote} That would be great, do share any you might have.
Multi-Purpose Trade Manager EA is a free trademanager, it might work:
http://www.stevehopwoodforex.com/php....php?f=21&t=64

There is several commercial TradeManagers also but I dont know if it is okay to post them here in this thread?
  • #198
  • Jan 19, 2014 1:04am Jan 19, 2014 1:04am
Quoting LFN
Great thread! TP1: 8 pips - TP2: 13 pips - TP3: Please leave some feedback.

Hi LFN


Thanks for the suggestion.

I for one like to mange my trades with this strategy manually as there is a lot to consider at that time of the morning.

I personally use just 2 TP's at the moment although there is some of the guys using this type of entry setup that use three TP's so they might find it useful.
Feel free to test and post your results and/or charts showing how it plays out.

Regards

Rooi
We miss 100% of the shots we don't take
  • #199
  • Jan 19, 2014 1:20am Jan 19, 2014 1:20am
Quoting Intrepidpips
Friday was recovery day {image}
We have all been there before and will be again in future.Such is trading.

Good luck for the week
We miss 100% of the shots we don't take
  • #200
  • Jan 19, 2014 8:45am Jan 19, 2014 8:45am
Quoting Rooi
{quote} We have all been there before and will be again in future.Such is trading. Good luck for the week

Thanks mate and wishing you proper mental frame of mind for the weeks trading ahead!
Let it turn and find your entry.
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