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Multiple Time Frame Stochastic trading using 1min charts

  • #221
  • Jan 21, 2014 5:48am Jan 21, 2014 5:48am
Quoting realjumper
{quote} http://www.forexfactory.com/showthre...01#post6950601
Hi RJ
Happy to hear that Earth quake was not too damaging for you yesterday. From memory the last big one sent the NZD plummeting and then the Earth quake in japan happened shortly after and the JPY rallied. Or maybe it was the other way around. Anyway the NZ earth quake sent the currency one way and the Japan earth quake sent it the opposite way, needless to say I was on the wrong side both times as usual.
Anyways Good to hear it was not too bad
Regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #222
  • Jan 21, 2014 5:53am Jan 21, 2014 5:53am
Quoting realjumper
{quote} http://www.forexfactory.com/showthre...01#post6950601

Worked like a charm. Cheers mate.
  • #223
  • Jan 21, 2014 6:14am Jan 21, 2014 6:14am
Quoting Rooi
{quote} Hi RJ Hope all is well. Wishing you a good year in 2014
All the best to you too Rooi
Doing what you like is Freedom. Liking what you do is Happiness.
  • #224
  • Jan 21, 2014 6:20am Jan 21, 2014 6:20am
Quoting anthm
{quote} Hi RJ Happy to hear that Earth quake was not too damaging for you yesterday. From memory the last big one sent the NZD plummeting and then the Earth quake in japan happened shortly after and the JPY rallied. Or maybe it was the other way around. Anyway the NZ earth quake sent the currency one way and the Japan earth quake sent it the opposite way, needless to say I was on the wrong side both times as usual. Anyways Good to hear it was not too bad Regards Anthm
A few things broken but nothing that can't be replaced

The Yen and the Kiwi are vastly different currencies and different economies. Just very briefly, when the Japan earthquake hit, the Yen gained strength because a lot of Yen is 'overseas', and that money would head back to Japan for rebuilding etc etc. This repatriation of the Yen to Japan is what caused the rise in the Yen value. Same happened in the kobe earthquake several years earlier.

With NZ's small economy, which relies mainly on farming exports etc, there is no money overseas to 'repatriate.' So the billions that it cost for the rebuild has to be borrowed, adding to the deficit. This is bad for the currency in the short term, but as the rebuild gets under way, employment is provided and infrastructure etc etc etc is modernised, which helps with consumer optimism blah, blah.....so the Kiwi rises in the mid to long term.....but suffers a short term immediate hit. <---- in a nutshell!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #225
  • Jan 22, 2014 2:08am Jan 22, 2014 2:08am
Morning Strada

Plenty of pips all round and I have only bagged +11 across three entries.At least I have those 11.

Initially wanted to trade GU and then saw the drop on EJ and so I switched.Then went out of that to early and chased GU again.With all the ranging on GU just after FO I thought we are not going to see anything till the big news on GU.Wrong again.

Oh well we live and we learn

Practice makes perfect :nerd:

Will see what the rest of the day brings

Trust you have some nice short pips going

Rooi
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We miss 100% of the shots we don't take
  • #226
  • Jan 22, 2014 2:18am Jan 22, 2014 2:18am
Morning Rooi, today was about the grass on the other side for me. I went into GU first which took a while to give anything, while I was watching EJ do the business. Anyway GU eventually moved, and moved quite well. First trade there were numerous opportunities to consider exit around BE/-1or2 but stuck with it. 2nd trade took early exit on a bit of price weakness and finished. 40 pips is a good day's profit this week. Chart below, got your PM, will speak later, regards, strada.
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  • #227
  • Jan 22, 2014 2:26am Jan 22, 2014 2:26am
Quoting strada
. I went into GU first 40 - pips is a good day's profit this week. got your PM, will speak later, regards, strada. {image}
Nice trading Strada

Glad to see i was not the only one thinking GU this morning.

Thanks for sharing your chart and trades as it helps to clarify that there was a good out come that was fairly predictable for most mornings.


Practice,Patients and Perseverance (lots of screen time):nerd:

Reply to the PM when ever you have the time there is no rush or anything
We miss 100% of the shots we don't take
  • #228
  • Jan 22, 2014 2:28am Jan 22, 2014 2:28am
Quoting strada
grass on the other side for me {image}
So will you never jump across if there is a nice signal on the other pair.Like this morning was a pretty big bear candle that showed some real movement
We miss 100% of the shots we don't take
  • #229
  • Jan 22, 2014 2:37am Jan 22, 2014 2:37am
Quoting strada
Morning Rooi, today was about the grass on the other side for me. I went into GU first which took a while to give anything, while I was watching EJ do the business. Anyway GU eventually moved, and moved quite well. First trade there were numerous opportunities to consider exit around BE/-1or2 but stuck with it. 2nd trade took early exit on a bit of price weakness and finished. 40 pips is a good day's profit this week. Chart below, got your PM, will speak later, regards, strada. {image}

GM Strada - that's impressive trading on a tight morning

I see that you are using an Ultra Stochastic. Is that from the Project Ultra thread? and if so, what do you find are its advantages...

Regards

Islander
Trading Levels with WRBs
  • #230
  • Jan 22, 2014 2:50am Jan 22, 2014 2:50am
@ Rooi, I prefer not to switch. I've found over the years that when I do, sod's law kicks in with a vengeance. I still do it occassionally though and rarely benefit from doing it.

@Islander, yes the ultra stoch is from that thread. The primary advantage is the realtime aspect, both in terms of its presentation and it's accuracy. The stoch recently discussed on the genesis thread isn't accurate real time, it seems to be more of a projection which isn't much good trading off 1 min charts.
strada.
  • #231
  • Jan 22, 2014 3:03am Jan 22, 2014 3:03am
Quoting strada
@ Rooi, I prefer not to switch. I've found over the years that when I do, sod's law kicks in with a vengeance. I still do it occassionally though and rarely benefit from doing it. @Islander, yes the ultra stoch is from that thread. The primary advantage is the realtime aspect, both in terms of its presentation and it's accuracy. The stoch recently discussed on the genesis thread isn't accurate real time, it seems to be more of a projection which isn't much good trading off 1 min charts. strada.
Thanks, I'm already trying it and agree with all of your comments - I'm converted
Trading Levels with WRBs
  • #232
  • Jan 22, 2014 3:03am Jan 22, 2014 3:03am
Quoting strada
@ Rooi, I prefer not to switch. I've found over the years that when I do, sod's law kicks in with a vengeance. I still do it occassionally though and rarely benefit from doing it. strada.
I agree,thats what whats good about seeing your charts is the fact that there is no need to catch the pair that moved 50pips.

You just have to interpret the PA correctly in accordance with your Strategy and then you should have a up day most of the days.
We miss 100% of the shots we don't take
  • #233
  • Jan 22, 2014 4:53am Jan 22, 2014 4:53am
Great to see you made some. Great stuff.
Got in late after the action. Took CT trade on EURAUD; wasn't going anywhere and took it out eventually for +2.9 pips. Also jumped into XAUUSD prematurely (without looking at 5M chart); when I did open the 5m chart, I just wanted to get out BE, but eventually closed -11; lesson learned.

Attached Image (click to enlarge)
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  • #234
  • Jan 22, 2014 5:47am Jan 22, 2014 5:47am
+16

Using ultra Stoch.Will see how it goes
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We miss 100% of the shots we don't take
  • #235
  • Jan 22, 2014 6:02am Jan 22, 2014 6:02am
Quoting Rooi
+16 Using ultra Stoch.Will see how it goes {image}

snap and I am trying just using the change of colour version to reduce the numer of lines in each window
- more research in progress....it does a much better job of MTF analysis.....now its deciding just how many filters to use.....
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Trading Levels with WRBs
  • #236
  • Jan 22, 2014 6:25am Jan 22, 2014 6:25am
Quoting Islander
{quote} now its deciding just how many filters to use..... {image}
Hi Islander

Jip the ultra stoch is nice and simple.

The 30min Stoch seems handy but I could suggest having it only as a filter to "know" when to push for a higher target of pips as it gives you a bit of a idea where you might be in the longer TF cycle:nerd:

Rooi
We miss 100% of the shots we don't take
  • #237
  • Edited 8:37am Jan 22, 2014 8:19am | Edited 8:37am
Quoting Rooi
{quote} Hi Islander Jip the ultra stoch is nice and simple. The 30min Stoch seems handy but I could suggest having it only as a filter to "know" when to push for a higher target of pips as it gives you a bit of a idea where you might be in the longer TF cycle:nerd: Rooi


Thanks, that was a good idea ......its always difficult to get the correct balance of filters and I needed to be reminded that its the 1m chart I'm trading and too many filters can cause problems.

So now its the BBs for their "squeeze alert" then wait for genesis to show 4 Greens (Reds). The M15 stoch confirms and if its OB/OS then only trade that way. Need to research entries off the M5 stoch as it cycles up and down....

I keep the ADX minimised until a move looks overextended and then open it up to check for divergence....

Edit: I'm using the coloured Ultra Stoch with a single line and I've put a coloured highlight in the OB/OS zones as an Alien reminder to stay in the trade whilst the M15 stoch remains in that zone....well, subject to divergence

€ peaked in a spike up to its R1 level and has turned down with UJ still up, so I'm back to the major pairs for now....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #238
  • Jan 22, 2014 8:31am Jan 22, 2014 8:31am
Quoting Islander
{quote} Thanks, that was a good idea ......its always difficult to get the correct balance of filters and I needed to be reminded that its the 1m chart I'm trading and too many filters can cause problems. So now its the BBs for their "squeeze alert" then wait for genesis to show 4 Greens (Reds). The M15 stoch confirms and if its OB/OS then only trade that way. Need to research entries off the M5 stoch as it cycles up and down.... I keep the ADX minimised until a move looks overextended and then open it up to check for divergence.... {image}
Seems that you are moving into the right direction for achieving the system that is perfectly impartial.I will be looking into the 5min Stoch as well.
We miss 100% of the shots we don't take
  • #239
  • Jan 22, 2014 8:57am Jan 22, 2014 8:57am
Thanks to Strada for showing us the Ultra Stochs, it's doing a great job of simplifying decision making.
I'd be doing some real time observations before taking trades with it.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 !Ultra Stochastic Color Line.ex4   12 KB | 481 downloads
Let it turn and find your entry.
  • #240
  • Jan 22, 2014 8:57am Jan 22, 2014 8:57am
A sell in the 14:15 bar and exit in the 14:45 bar after the high volume in the prior bar with the M5 stoch fluttering off its lows and the fast ADX falling fast.....that 10 pips before they vanish.....on to the next one
Attached Image (click to enlarge)
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Trading Levels with WRBs
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