Multiple Time Frame Stochastic trading using 1min charts | Page 24 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Stochastic Multiple Time Frame experience? 5 replies

Multiple Time Frame Stochastic trading using 1min charts (NEW) 329 replies

MTF Stochastic trading using 1min chart (Questions) 95 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Multiple Time Frame Stochastic trading using 1min charts
Exit Attachments

Multiple Time Frame Stochastic trading using 1min charts

  • #461
  • Jan 29, 2014 3:28am Jan 29, 2014 3:28am
Quoting Rooi
{quote} 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

Hi Rooi, No, No and Yes.

if you want to make profit this week, trade usdcad, gbpcad, gbpjpy and eurcad long on weakness and eurgbp short on strenght.

good luck
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #462
  • Jan 29, 2014 3:31am Jan 29, 2014 3:31am
Quoting TraderJoe
{quote} Hi Rooi, No, No and Yes. if you want to make profit this week, trade usdcad, gbpcad, gbpjpy and eurcad long on weakness and eurgbp short on strenght. good luck

Looking into cad already

Do you mind sharing what you do use?

Thanks for the heads up
We miss 100% of the shots we don't take
  • #463
  • Jan 29, 2014 3:36am Jan 29, 2014 3:36am
Quoting Rooi
{quote} Looking into cad already Do you mind sharing what you do use? Thanks for the heads up
Honestly I don't use anything. Just the charts. Here is a image of one of my charts.

With one caveat... I do use the fib tool sometimes.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H4.jpg Size: 68 KB
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #464
  • Jan 29, 2014 3:45am Jan 29, 2014 3:45am
Quoting TraderJoe
{quote} Nothing restricting GJ's rally. Should go to around 173 before retreating.
What happened to the GJ rally? Maybe some indicators would help, just a thought.
Regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #465
  • Jan 29, 2014 3:50am Jan 29, 2014 3:50am
Quoting TraderJoe
{quote} Honestly I don't use anything. Just the charts. Here is a image of one of my charts. With one caveat... I do use the fib tool sometimes. {image}
I think you will find the Title of this thread has 1 minute charts in it.

"Multiple Time Frame Stochastic trading using 1min charts"

Kind Regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #466
  • Edited 4:02am Jan 29, 2014 3:50am | Edited 4:02am
Quoting anthm
{quote} Nice, so what now?? LOL
well UJ's higher TF stochs turned down before FO and whilst it found support at yesterdays high, that broke and became resistance and it could not turn its M15 stoch back above that 50 level.....so in a BB pinch with the M5 cycled back to ~90 and down it went.....so look to see which pair was bearish and it was GU so watch GJ for a sell.....it too had a BB pinch and then turned down.......sell a little after 9:00 gmt for a 70 pip fall

PS cable's low was a high volumed, long green hammer with its low on the DP
Trading Levels with WRBs
  • #467
  • Jan 29, 2014 3:59am Jan 29, 2014 3:59am
Here's the chart - I am now putting on solid coloured lines to show entry and exit signals....check on your own charts as they may obscure things.....low was a WRB (a marubozo) with high volume ~a level and no follow through.....LOL, how many times have I said that.... I'm finished for now....blasted ads have returned, so I guess I need my 'puter guy to take a look - a right PIA
Attached Image (click to enlarge)
Click to Enlarge Name: jan29 gj 1m 0955.png Size: 58 KB
Trading Levels with WRBs
  • #468
  • Jan 29, 2014 4:11am Jan 29, 2014 4:11am
before I go, take a look at this EA chart - a classic buy in that last BB pinch as the M5 stoch cycled down to the 50 level with the M15 holding in the OB / Buy Zone.....up 87 pips from when the matrix turned all blue... thanks panamamike for reminding me to put it on my watch list

PS chart from my desktop - GMT +2
Attached Image (click to enlarge)
Click to Enlarge Name: jan29 ea 1m 1205.png Size: 43 KB
Trading Levels with WRBs
  • #469
  • Jan 29, 2014 4:14am Jan 29, 2014 4:14am
Hi Islander,

nice trades, may you please post your template, I know indicators but can't get same setup of charts. Thank you.
  • #470
  • Jan 29, 2014 5:41am Jan 29, 2014 5:41am
that completes an Outside day on GJ. Yesterdays high taken out earlier....now the low.
  • #471
  • Jan 29, 2014 5:49am Jan 29, 2014 5:49am
A lot of risk taken off the board and perhaps some bets that they pause the Taper given recent US eco news. IMO that is highly unlikely. It would be too reactionary and raise credibility issues as Yellen starts her reign. There should be some great trading against the Yen later today. Just my .02

Of course I will trade whatever happens, but it will be a fast and furious move IMO.
  • #472
  • Jan 29, 2014 6:12am Jan 29, 2014 6:12am
Quoting Islander
Here's the chart - I am now putting on solid coloured lines to show entry and exit signals....check on your own charts as they may obscure things.....low was a WRB (a marubozo) with high volume ~a level and no follow through.....LOL, how many times have I said that.... I'm finished for now....blasted ads have returned, so I guess I need my 'puter guy to take a look - a right PIA {image}
I see that M15 stoch is between 50 and 80 levels. As you write few posts ago in this area we should look for cautious long entry. Now you sell in this area. Does it mean that this sell entry is very, very agresive one?

By the way, what is your BB settings?
  • #473
  • Jan 29, 2014 6:17am Jan 29, 2014 6:17am
Quoting panamamike
A lot of risk taken off the board and perhaps some bets that they pause the Taper given recent US eco news. IMO that is highly unlikely. It would be too reactionary and raise credibility issues as Yellen starts her reign. There should be some great trading against the Yen later today. Just my .02 Of course I will trade whatever happens, but it will be a fast and furious move IMO.
Will be to fast for me.I just panic to easily in news like that
We miss 100% of the shots we don't take
  • #474
  • Jan 29, 2014 6:22am Jan 29, 2014 6:22am
Man they moved it and I didn't know.Sitting on my hands and didnt take the GJ long because I thought he was speaking now
Attached Image (click to enlarge)
Click to Enlarge Name: news.png Size: 29 KB
We miss 100% of the shots we don't take
  • #475
  • Jan 29, 2014 6:33am Jan 29, 2014 6:33am
Quoting iwan73
{quote} I see that M15 stoch is between 50 and 80 levels. As you write few posts ago in this area we should look for cautious long entry. Now you sell in this area. Does it mean that this sell entry is very, very agresive one? By the way, what is your BB settings?
Iwan I could not have asked that question better myself.
as you will see earlier I questioned Islander on that subject myself.
I am sure an explanation will be soon to follow after todays haul of pips is complete.
Regards
anth,
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #476
  • Edited 7:16am Jan 29, 2014 6:58am | Edited 7:16am
Quoting iwan73
{quote} I see that M15 stoch is between 50 and 80 levels. As you write few posts ago in this area we should look for cautious long entry. Now you sell in this area. Does it mean that this sell entry is very, very agresive one? By the way, what is your BB settings?
Hi - first as I mistakenly installed my MT4 the old way and in the Program Files, this version does not allow me to post templetes. My BBs are Period 30 and MA Type 1. Please ask if you need any further info.

Second - my apologies for not explaining my use of the Stochs correctly - I was hurrying to reply to a PM for a newer trader and did not explain myself well.

So the OB/ OS zones are for continuations and whilst the M15 remains there, I am only trading in that direction.

Once the M15 moves out of a zone and has changed to the opposite colour above (below) the 50 take a cautious trade in the new direction. When the 50 has been broken and held in the new direction take a normal trade in the new direction - or add to the existing trade. All this is when / if allowed by the matrix and 25 ema.

This remains work in progress and also my trades are agressive and for advanced, experienced traders at their own risk.

My apologies for any missunderstanding

Regards

Islander

PS Please also remember that the Ultra stochs are only 1 out of half a dozen inputs for an entry and that for a Yen Cross I am also considering the same inputs for its two constituent pairs....I have stated this many times....
Trading Levels with WRBs
  • #477
  • Jan 29, 2014 7:06am Jan 29, 2014 7:06am
Islander, it´s hard to catch this agressive trades because I´m not an experienced trader. But I´m trying to do as similar as you.
Thank you for all your explanations and charts, you are the man. I hope this work in progress will be completed soon.
Best Regards
Iggo
  • #478
  • Jan 29, 2014 7:43am Jan 29, 2014 7:43am
Quoting Iggo
Islander, it´s hard to catch this agressive trades because I´m not an experienced trader. But I´m trying to do as similar as you. Thank you for all your explanations and charts, you are the man. I hope this work in progress will be completed soon. Best Regards Iggo
thanks Iggo - its best to start with just one major pair - EU, GU or even UJ. The Yen crosses and especially GJ - aka The Dragon - are more difficult to trade.

Right now, I am in a plain UJ short as EU and GU are not in harmony with UJ......
Trading Levels with WRBs
  • #479
  • Jan 29, 2014 7:44am Jan 29, 2014 7:44am
EUR/JPY falling like the Winnepeg River.
I do not know when it will stop or when to get out.....HHmmmmm!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: mtf_eurjpym1.png Size: 93 KB
  • #480
  • Jan 29, 2014 7:55am Jan 29, 2014 7:55am
Look this is the Daily chart. I expect a turn around at the monthly pivot (@ 139.11) or at the Week-Down pivot (@ 138.59) to shoot back up.
Attached Image (click to enlarge)
Click to Enlarge Name: mtf_eurjpydaily.png Size: 72 KB
3 traders viewing now