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Multiple Time Frame Stochastic trading using 1min charts

  • #381
  • Jan 28, 2014 1:16am Jan 28, 2014 1:16am
Quoting Rooi
Morning Guys! Here is Stoch that I (Islander,panamamike) is using ad a screen shot of the settings.So the other line is just set to the background color and so it looks like its not there. Rooi {image} {file}
or set the background to "none" with width as 0

all rather flat into FO after a quieter AustralAsian session - the only mover I noticed was GJ a couple of hours ago - oh, and EA too....
Trading Levels with WRBs
  • #382
  • Jan 28, 2014 1:21am Jan 28, 2014 1:21am
Quoting panamamike
Ok. I even tried to save the URL and upload from there. I get Error: Invalid file What is really strange is that within Metatrader I can not even create a new file. I am running MT4 on VMware fusion 5 on my Mac. Not sure where the problem lies. I tried to use Pickpic, but when it creates the file, as soon as I try ot save or in anyway interact with it, it drops into the background. Totally frustrated. Any thoughts, PM me please.

Hi Panamamike

I only know PC's sorry mate.No clue about MAc's

Hopefully somebody can shed some light on it for us

Rooi
We miss 100% of the shots we don't take
  • #383
  • Jan 28, 2014 1:23am Jan 28, 2014 1:23am
I have found a couple of things online....will work on them when i get a chance
  • #384
  • Jan 28, 2014 1:24am Jan 28, 2014 1:24am
Quoting Rooi
Morning Guys! Here is Stoch that I (Islander,panamamike) is using ad a screen shot of the settings.So the other line is just set to the background color and so it looks like its not there. Rooi {image} {file}
Thank you ,
I am just not sure what the single line represents? when the single line changes colour is that like a cross in the fast and slow line of the conventional stochastic?
Further to that does it means we cant se how wide the mouth is? am I on the right track?
Regard
anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #385
  • Jan 28, 2014 1:35am Jan 28, 2014 1:35am
Quoting anthm
{quote} Thank you , I am just not sure what the single line represents? when the single line changes colour is that like a cross in the fast and slow line of the conventional stochastic? Further to that does it means we cant se how wide the mouth is? am I on the right track? Regard anthm

Ill write how I see it straight after LO trades finish
We miss 100% of the shots we don't take
  • #386
  • Jan 28, 2014 1:36am Jan 28, 2014 1:36am
Quoting anthm
{quote} Thank you , I am just not sure what the single line represents? when the single line changes colour is that like a cross in the fast and slow line of the conventional stochastic? Further to that does it means we cant se how wide the mouth is? am I on the right track? Regard anthm
Here is the other version that shows two lines, so you should be able to see the mouth....
Attached File(s)
File Type: ex4 !Ultra Stochastic.ex4   11 KB | 559 downloads
Trading Levels with WRBs
  • #387
  • Jan 28, 2014 2:02am Jan 28, 2014 2:02am
Whilst waiting for LO - I have had some questions about the ribbon.....first, its a very visual trend indicator - the wider the red / green band, the stronger the trend, so do NOT trade against it!.

Second, it will always be slow at the turns, so I just watch the fast EMA -( now the 25EMA and my 60 is now also an EMA) and allow myself to enter as soon as price crosses it AND the line changes colour....I hope this helps.....
Trading Levels with WRBs
  • #388
  • Jan 28, 2014 2:10am Jan 28, 2014 2:10am
Morning again
My question is for those using the color line Stoch,
I have attached a shot of it up against the normal ultra stoch two lines
Obviously you three (Islander, Panama and Rooi ) are using the bottom stoch in the example I have given with the green line or slower moving line blacked out.
So your using the blue and red line only but I see the blue and red line changing colour has no correlation to a cross.
Just wondering if you could explain how your using it or with what rules you are applying to it for your entrys.
Only if you have time of coarse
Kind Regards
Anthm
Attached Image (click to enlarge)
Click to Enlarge Name: ulstr stochssss.png Size: 39 KB
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #389
  • Jan 28, 2014 2:15am Jan 28, 2014 2:15am
- 3.3 on a tough morning in my opinion

Cant say I didn't try
Attached Image (click to enlarge)
Click to Enlarge Name: 28 01 2014 T1.png Size: 47 KB
We miss 100% of the shots we don't take
  • #390
  • Jan 28, 2014 2:19am Jan 28, 2014 2:19am
Quoting Rooi
- 3.3 on a tough morning in my opinion Cant say I didn't try {image}
Hmmmm....one trade for me... A Short EA shhhhhhhhortly after FO. Worked very well. Wat was your trade? Was it a fresh signal? NO GBP trading for me until after GDP numbers due in 1 hr.

Sorry, the image did not come up when i was typing my response.
  • #391
  • Jan 28, 2014 2:23am Jan 28, 2014 2:23am
Quoting Rooi
- 3.3 on a tough morning in my opinion Cant say I didn't try {image}
FWIW, I personally do not trade off the 1 min in isolation. I trade EA and GJ, with MArty's set up on 5 min and 15m charts. When they agree with the 1 min using ultrastoch they have been excellent trades.

****edit...keep n mind he sample size has been small so far
  • #392
  • Jan 28, 2014 2:27am Jan 28, 2014 2:27am
Quoting Rooi
- 3.3 on a tough morning in my opinion Cant say I didn't try {image}
+0.6 on this ( -2.7)

Taking a break from it till after the news.

Could have finished off better with the last trade.Just shows how our(my) mental stated deteriorates after a bit of a whipshawing.

EDIT : Just had to stick to my guns as the UJ was making new high's on every push.OH well we live and we learn
Attached Image (click to enlarge)
Click to Enlarge Name: 28 01 2014 T2.png Size: 27 KB
We miss 100% of the shots we don't take
  • #393
  • Jan 28, 2014 2:45am Jan 28, 2014 2:45am
This morning I was monitoring 1m GU and UJ as well as the 5m charts.....the 1m allowed me to take this trade..

Ref. the Ultra Stochs, for me its their levels that are most important. M15 < 20 = Sell Zone, so only sell. M15 > 80 = Buy Zone, only Buy. Above the 50 Level, Buy with care. Below 50, sell with care. Then use the cycles of the 5m stoch - together with the matrix and 25 ema - to time entries.

That's the simple version - monitoring higher TFs etc is also part of the process.....
Attached Image (click to enlarge)
Click to Enlarge Name: jan28 gj 1m 0837.png Size: 50 KB
Trading Levels with WRBs
  • #394
  • Jan 28, 2014 2:53am Jan 28, 2014 2:53am
Quoting panamamike
{quote} Hmmmm....one trade for me... A Short EA shhhhhhhhortly after FO. Worked very well. Wat was your trade? Was it a fresh signal? NO GBP trading for me until after GDP numbers due in 1 hr. Sorry, the image did not come up when i was typing my response.
Hope your still in that EA, what time was your entry?
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #395
  • Jan 28, 2014 2:58am Jan 28, 2014 2:58am
Quoting anthm
Morning again My question is for those using the color line Stoch, I have attached a shot of it up against the normal ultra stoch two lines Obviously you three (Islander, Panama and Rooi ) are using the bottom stoch in the example I have given with the green line or slower moving line blacked out. So your using the blue and red line only but I see the blue and red line changing colour has no correlation to a cross. Just wondering if you could explain how your using it or with what rules you are applying to it for your entrys. Only if you have time...

Here we go Ill try and explain as best possible

Lines number in chart

#1 Your stock crosses but flat on top of each other (leaving a bit of doubt)
My stock is blue and I have no doubt

Normal stoc is starting to open and it tells you,you can go long
color stoch is blue and so is long.


#2 Then lines up the matrix for me as I dont have the bottom two bars then siganl bar high gets taken out and I can enter if I want

#3 Normal stoch line sits on top of each other.
color stoch is red so no doubt for me

Also the matrix lines up so I can draw a sinal line but price does not break it so no entry

#4 Normal one starts to open but Im not too happy because they are sitting on top of each other really.
color stoch blue so now Im waiting for the matrix

#5 matrix lines up

#6 breaks the signal line and Im long and no problem with my stoch to figure out what is is doing as I just glance down to see the color as I need to focus on the PA

#7 & 8 leaves the normal stoch lines on each other while I just have glance and chech the color on the color changing stoch

#9 is easy as the color stoch is red then matrix turns red followed by the signal line(the high or low of the signal candel) gets taken out and im short.

All in all it leaves much less to for me to think about because there is plenty to take into considereation already I just want to check the color of the stock not try to figure out which side the line is and if it opening or closing.Is this the only way to do it?Certainly not.Look at Strada's charts he has the old school ultraStoch.

Down to how and what you need to find out from the indicator.

Hope this help
Attached Image (click to enlarge)
Click to Enlarge Name: explation.png Size: 39 KB
We miss 100% of the shots we don't take
  • #396
  • Jan 28, 2014 3:01am Jan 28, 2014 3:01am
Quoting panamamike
{quote} Hmmmm....one trade for me... A Short EA shhhhhhhhortly after FO. Worked very well. Wat was your trade? Was it a fresh signal? NO GBP trading for me until after GDP numbers due in 1 hr. Sorry, the image did not come up when i was typing my response.
nice one - I don't have EA on my first watch list - perhaps I should add it.....
Trading Levels with WRBs
  • #397
  • Jan 28, 2014 3:04am Jan 28, 2014 3:04am
Quoting anthm
{quote} Hope your still in that EA, what time was your entry?
1.5582 .... trailing stp took me out at 46
  • #398
  • Jan 28, 2014 3:04am Jan 28, 2014 3:04am
Quoting panamamike
{quote} FWIW, I personally do not trade off the 1 min in isolation. I trade EA and GJ, with MArty's set up on 5 min and 15m charts. When they agree with the 1 min using ultrastoch they have been excellent trades. ****edit...keep n mind he sample size has been small so far

Sound interesting.Let see how it develops.develops. Plenty of info and variations going round at the moment so there is bound to be lots of helpful information to take in everywhere.

Nice trade on EA
We miss 100% of the shots we don't take
  • #399
  • Jan 28, 2014 3:16am Jan 28, 2014 3:16am
Quoting Rooi
{quote} Here we go Ill try and explain as best possible Lines number in chart #1 Your stock crosses but flat on top of each other (leaving a bit of doubt) My stock is blue and I have no doubt Normal stoc is starting to open and it tells you,you can go long color stoch is blue and so is long. #2 Then lines up the matrix for me as I dont have the bottom two bars then siganl bar high gets taken out and I can enter if I want #3 Normal stoch line sits on top of each other. color stoch is red so no doubt for me Also the matrix lines up so I can draw a...
Nice Explanation
Thank you Rooi
well explained
Kind Regards
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #400
  • Jan 28, 2014 3:19am Jan 28, 2014 3:19am
Too close to news to trade GU / GJ, so now in EJ.....Buy signal in 9:09 bar....looking for the BRN
Trading Levels with WRBs
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