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Multiple Time Frame Stochastic trading using 1min charts

  • #441
  • Jan 29, 2014 1:03am Jan 29, 2014 1:03am
Quoting Islander
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..... {image}
Morning Islander,
Just re reading your post from yesterday, interesting how you only sell when M15 stoch is low, below 50 and preferably below 20. and you only Buy when M15 stoch is high above 50 and preferably above 80. Others may think these 80 levels is too overbought and the 20 level too oversold for the M15 stoch, Obviously adding to your confirmations, I see obviously you do very well. Your EJ long trade yesterday was lovely.
Kind Regards
anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #442
  • Jan 29, 2014 1:59am Jan 29, 2014 1:59am
GM - notice that after the 1m UJ turned down in mid FH all we then had to do was watch for EU / GU to do the same and then sell EJ / GJ for 20 or so pips
Trading Levels with WRBs
  • #443
  • Jan 29, 2014 2:01am Jan 29, 2014 2:01am
Quoting Islander
GM - notice that after the 1m UJ turned down in mid FH all we then had to do was watch for EU / GU to do the same and then sell EJ / GJ for 20 or so pips
Nice,
so what now??
LOL
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #444
  • Jan 29, 2014 2:04am Jan 29, 2014 2:04am
+ 18

Late to the party on the second entry.Might have to forgo the London Open every now and again in the coming months as I have other responsibilities as well as Im not full time yet.Will have to focus on NY and Maybe even Asian session till end of April when I should start freeing up a lot better.Too much going on at the moment elsewhere.
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #445
  • Jan 29, 2014 2:09am Jan 29, 2014 2:09am
Quoting Rooi
+ 18 {image}

Well done. Just woke up from a small nap. Good trading to all.
  • #446
  • Jan 29, 2014 2:10am Jan 29, 2014 2:10am
Quoting Islander
GM - notice that after the 1m UJ turned down in mid FH all we then had to do was watch for EU / GU to do the same and then sell EJ / GJ for 20 or so pips

Was good I agree.Should have held it this morning but multitasking not working so well.

Often the UJ leads the way like that

Did you get the 20 pips?
We miss 100% of the shots we don't take
  • #447
  • Jan 29, 2014 2:21am Jan 29, 2014 2:21am
Quoting panamamike
{quote} Well done. Just woke up from a small nap. Good trading to all.

Thanks.

You got some in Asia which gives you the right to nap in LO if you want...
We miss 100% of the shots we don't take
  • #448
  • Jan 29, 2014 2:23am Jan 29, 2014 2:23am
Napped through FO....awake for LO.
  • #449
  • Jan 29, 2014 2:26am Jan 29, 2014 2:26am
Quoting Rooi
{quote} Was good I agree.Should have held it this morning but multitasking not working so well. Often the UJ leads the way like that Did you get the 20 pips?
Yes - and I just closed a small long too - UJ and GU went into a BB squeeze which is a great alert buy was in the 8:10 bar....

Whilst there is no higher TF trend, I am just trading off the 1m and allowed to enter as soon as the stochs move out of the OB / OS zone for an agressive entry....
Trading Levels with WRBs
  • #450
  • Jan 29, 2014 2:34am Jan 29, 2014 2:34am
GBPJPY classic example of LO reversal of Frankie opening hour.
  • #451
  • Jan 29, 2014 2:39am Jan 29, 2014 2:39am
Quoting panamamike
GBPJPY classic example of LO reversal of Frankie opening hour.
Yes not wrong there,
hope your on it
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #452
  • Jan 29, 2014 2:41am Jan 29, 2014 2:41am
Quoting panamamike
GBPJPY classic example of LO reversal of Frankie opening hour.
Agreed, the move being led by GU and UJ failed to join in with its M15 stoch holding under the 50 level thus restricting GJ's rally.....
Trading Levels with WRBs
  • #453
  • Jan 29, 2014 2:52am Jan 29, 2014 2:52am
Quoting anthm
{quote} Yes not wrong there, hope your on it
No trade for me...I took a pass. There will be many good opportunities today. It will be a long one with Fed in the afternoon US session and NZ rate decision in Asia. Besides EA and GA had much cleaner setups.
  • #454
  • Jan 29, 2014 2:55am Jan 29, 2014 2:55am
Quoting Islander
{quote} Agreed, the move being led by GU and UJ failed to join in with its M15 stoch holding under the 50 level thus restricting GJ's rally.....

Nothing restricting GJ's rally. Should go to around 173 before retreating.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #455
  • Jan 29, 2014 2:56am Jan 29, 2014 2:56am
It was absolute déjà vu for me, almost exactly the same as my AU this morning on TO open except on the EU.
Short 2 minutes after LO for a loss than long entry 16 minutes after LO for good profit.
Once again catch up with a small net profit.
Once again if only I could curb my losses things would be swimming along.
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #456
  • Jan 29, 2014 3:07am Jan 29, 2014 3:07am
+15
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #457
  • Jan 29, 2014 3:19am Jan 29, 2014 3:19am
Quoting TraderJoe
{quote} Nothing restricting GJ's rally. Should go to around 173 before retreating.

Morning TradeJoe.

Nice to have you posting here

Do you trade MTF Stoch and GEN?

Do you trade all the crosses or majors?

Good luck and good pipping to you sir
We miss 100% of the shots we don't take
  • #458
  • Jan 29, 2014 3:22am Jan 29, 2014 3:22am
And of all things the UJ to get me over the line for my daily target.
Seems your right Islander about that Stoch positions
Attached Image (click to enlarge)
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When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #459
  • Jan 29, 2014 3:24am Jan 29, 2014 3:24am
Quoting Islander
{quote} Agreed, the move being led by GU and UJ failed to join in with its M15 stoch holding under the 50 level thus restricting GJ's rally.....
Agreed.Hope you made some
We miss 100% of the shots we don't take
  • #460
  • Jan 29, 2014 3:25am Jan 29, 2014 3:25am
Quoting anthm
And of all things the UJ to get me over the line for my daily target. Seems your right Islander about that Stoch positions {image}

Great stuff.



PS.Nice chart
We miss 100% of the shots we don't take
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