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Multiple Time Frame Stochastic trading using 1min charts

  • #301
  • Jan 24, 2014 2:27am Jan 24, 2014 2:27am
Closed GU when it failed at its R1 level - probably buy again as it making new highs not seen since May 2011....

Sold EJ when it retested its DP and just banked half at its MS as UJ stalled at its close / open level....
Trading Levels with WRBs
  • #302
  • Jan 24, 2014 2:37am Jan 24, 2014 2:37am
Quoting Islander
Closed GU when it failed at its R1 level - Sold EJ when it retested its DP and just banked half at its MS as UJ stalled at its close
Very nicely done.Killing it this morning
We miss 100% of the shots we don't take
  • #303
  • Jan 24, 2014 3:40am Jan 24, 2014 3:40am
Quoting Islander
Closed GU when it failed at its R1 level - probably buy again as it making new highs not seen since May 2011.... Sold EJ when it retested its DP and just banked half at its MS as UJ stalled at its close / open level....
Wow - that was a great move and I am finished for this morning.....BFN
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #304
  • Jan 24, 2014 4:37am Jan 24, 2014 4:37am
Quoting Islander
{quote} Wow - that was a great move and I am finished for this morning.....BFN {image}
BFN = ?

Looking forward to some more of those this year.

Nicely done

BTW found your ship (trading fortress)
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We miss 100% of the shots we don't take
  • #305
  • Jan 24, 2014 7:26am Jan 24, 2014 7:26am
Quoting Rooi
{quote} BFN = ? Looking forward to some more of those this year. Nicely done BTW found your ship (trading fortress) {image}
Bye For Now.....LOL, I need to be trading in Yards rather than inches to play in that pond!

I've updated my EJ chart....my last exit was at 9:20 and then EJ "rested" for ~half an hour - note how the M15 stoch remained in the sell (OS) zone and how the M5 stoch cycled up towards the 50 level as price pull back allowing it to "catch up" with the MA Ribbon before another selling opportunity. There was a similar rest after price hit the **25 SS and another selling opportunity before the last push down to the MS 3 level - a fall of ~160 pips since LO AND a great lesson about reading these stochs and holding in the trade. One for the archives and I'm going to save GJs chart too....a 300 pip fall....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #306
  • Jan 24, 2014 7:35am Jan 24, 2014 7:35am
Quoting Islander
{quote} Bye For Now.....LOL, I need to be trading in Yards rather than inches to play in that pond! I've updated my EJ chart....my last exit was at 9:20 and then EJ "rested" for ~half an hour - note how the M15 stoch remained in the sell (OS) zone and how the M5 stoch cycled up towards the 50 level as price pull back allowing it to "catch up" with the MA Ribbon before another selling opportunity. There was a similar rest after price hit the **25 SS and another selling opportunity before the last push down to the MS 3 level - a fall of ~160...
LOL

BFN on the urban dictionary doesnt give "Bye For Now" (dont google it)

I agree.These we great examples for good opportunities and we be able to take advantage of them in the future as I see these big moves like to happen on the Yen-Crosses.Just need to wait for the stars to line up properly


Now to see what the NY-traders give us.

UP or DOWN

happy pirating
We miss 100% of the shots we don't take
  • #307
  • Jan 24, 2014 3:02pm Jan 24, 2014 3:02pm
Quoting Rooi
{quote} Hi Theres the spaced line for the round numbers The auto pivots. The yellow Support and Resistance lines I draw myself Regards Rooi {file} {file}
Cheers for that.
Be Greedy
Dices Return This Week: na
  • #308
  • Jan 25, 2014 8:55am Jan 25, 2014 8:55am
So now that we are nearly at the end of the first month of the year and I have had a time to see what everyone has been doing and in light of Strada's success using pure Gen I have decided to try it as well now that we have sorted out the problem of the stochastic that only closes every 15min.

Pure Gen is much better at getting into the market closer to the swing high or low and so give a better cheaper SL and makes it easier to get into the market as the risk in terms of pips is less and so it much easier to make it up when it goes against you.

I will still keep the 150 ema on the chart but wont be making too many decisions based off of it.I am just very use to gauging what I need to be looking for by it.

No 5min stoch,no 5 and 15 min matrix bars.

Plenty of info available on the chart as it is.
:nerd:
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We miss 100% of the shots we don't take
  • #309
  • Jan 25, 2014 9:14am Jan 25, 2014 9:14am
Quoting Rooi
So now that we are nearly at the end of the first month of the year and I have had a time to see what everyone has been doing and in light of Strada's success using pure Gen I have decided to try it as well now that we have sorted out the problem of the stochastic that only closes every 15min. Pure Gen is much better at getting into the market closer to the swing high or low and so give a better cheaper SL and makes it easier to get into the market as the risk in terms of pips is less and so it much easier to make it up when it goes against you....

Snap - check my post in my old thread and LOL, so you are working on a Saturday afternoon too
Trading Levels with WRBs
  • #310
  • Jan 25, 2014 9:33am Jan 25, 2014 9:33am
Quoting Islander
{quote} Snap - check my post in my old thread and LOL, so you are working on a Saturday afternoon too
Hahahha.No rest for the mind after a week like this where so much changed and happened.The only time I spend away from the computer is when Im sleeping,running,cooking or when my wife commands my presence!

Read your post and I agree completely.Lets see what this week brings for us mortals.

Really need to buckle down and get it under the belt so that we can stop building and tweaking and just trade.Look at Strada.He didn't change anything expect the MTF Stoch to the Ultra Stoch and nailed it this week.Looking forward to seeing some of his charts in Feb that man understand 1min PA like nobody else I've seen! When he says he does not do loosing days he means it.

Unfortunately my wife is doing that command thing and I have to go as it is summer here in South-Africa and there a BBQ ( a braai ) to get started as it nearly 18:00 here.

Enjoy your weekend and see you Monday.
Attached Image
We miss 100% of the shots we don't take
  • #311
  • Jan 25, 2014 10:03am Jan 25, 2014 10:03am
Quoting Rooi
{quote} Hahahha.No rest for the mind after a week like this where so much changed and happened.The only time I spend away from the computer is when Im sleeping,running,cooking or when my wife commands my presence! Read your post and I agree completely.Lets see what this week brings for us mortals. Really need to buckle down and get it under the belt so that we can stop building and tweaking and just trade.Look at Strada.He didn't change anything expect the MTF Stoch to the Ultra Stoch and nailed it this week.Looking forward to seeing some of his...

Ha - she who must be obeyed - enjoy your braai .......as its winter here, I've been asked (commanded?) to fire up my wok.....LOL, a man's work is never done....
Trading Levels with WRBs
  • #312
  • Jan 26, 2014 6:21pm Jan 26, 2014 6:21pm
When I save as picture in MT4, the file is locked and has a picture of a lock on it. any ideas? I can see the file on my computer, but when I want to attach the file here it is not shown.
  • #313
  • Jan 26, 2014 6:26pm Jan 26, 2014 6:26pm
I went long EURAUD at 02:03 at 1.57454 ... 1/2 off at 554....TS hit at 658
  • #314
  • Jan 26, 2014 6:35pm Jan 26, 2014 6:35pm
Quoting panamamike
When I save as picture in MT4, the file is locked and has a picture of a lock on it. any ideas? I can see the file on my computer, but when I want to attach the file here it is not shown.
Morning
Try FILE, SAVE AS PICTURE, ACTIVE CHART (as is) , Choose where you want to save ie desk top etc, done

Regards Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #315
  • Jan 26, 2014 6:37pm Jan 26, 2014 6:37pm
Quoting anthm
{quote} Morning Try FILE, SAVE AS PICTURE, ACTIVE CHART (as is) , Choose where you want to save ie desk top etc, done Regards Anthm

that is exactly what i did.
  • #316
  • Jan 26, 2014 6:45pm Jan 26, 2014 6:45pm
Two trades for me this morning,

UJ + 4.3 Bad decision to enter here late entry, too early in the day and approaching news, realized my error and did not let it turn into a loss

GJ +64.2 Very fruitful and only wish it was always this easy, (last Friday morning I may add was definitely not this easy, I personally took a hit then.)

Regards
Anthm
Attached Image(s) (click to enlarge)
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When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #317
  • Jan 26, 2014 6:50pm Jan 26, 2014 6:50pm
Quoting panamamike
When I save as picture in MT4, the file is locked and has a picture of a lock on it. any ideas? I can see the file on my computer, but when I want to attach the file here it is not shown.
Sorry cant help,
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #318
  • Jan 26, 2014 7:15pm Jan 26, 2014 7:15pm
Nice trades Anthm....great way to start a week.
  • #319
  • Jan 26, 2014 7:22pm Jan 26, 2014 7:22pm
Quoting panamamike
Nice trades Anthm....great way to start a week.
Cheers, thank you, was on the verge of packing it in after Fridays session,
Early days early days this week, just striving for no loosing days they are what's hurting my account.
The wins always come its managing the losses that I am finding difficult.
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #320
  • Jan 26, 2014 7:31pm Jan 26, 2014 7:31pm
Quoting anthm
{quote} Cheers, thank you, was on the verge of packing it in after Fridays session, Early days early days this week, just striving for no loosing days they are what's hurting my account. The wins always come its managing the losses that I am finding difficult.
What part of managing them? Letting them run too far? Compounding them by trying to "get it back"? Or not being patient for clean setups?
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