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Multiple Time Frame Stochastic trading using 1min charts

  • #481
  • Jan 29, 2014 7:58am Jan 29, 2014 7:58am
Quoting maxwell-eqtn
EUR/JPY falling like the Winnepeg River. I do not know when it will stop or when to get out.....HHmmmmm!!!! {image}

EU is turning up - where do you see UJ going from here - its already moved 120 pips today vs its 10 day ADR of 87 pips.....EJ has moved 202 pips vs its 10 ADR of 113....
Trading Levels with WRBs
  • #482
  • Jan 29, 2014 7:59am Jan 29, 2014 7:59am
Quoting maxwell-eqtn
EUR/JPY falling like the Winnepeg River. I do not know when it will stop or when to get out.....HHmmmmm!!!! {image}

Nice run I agree


Where did you get in
We miss 100% of the shots we don't take
  • #483
  • Jan 29, 2014 8:04am Jan 29, 2014 8:04am
Quoting Rooi
{quote} Nice run I agree Where did you get in

Look Here Rooi.

I am out here......, See how the Bands are squooshed there. It appears there is no more room for it to go down. But I will wait again for another entry when the stoch cuts again.
Attached Image (click to enlarge)
Click to Enlarge Name: mtf_eurjpym1_01.png Size: 73 KB
  • #484
  • Jan 29, 2014 8:05am Jan 29, 2014 8:05am
Quoting Islander
{quote} EU is turning up - where do you see UJ going from here - its already moved 120 pips today vs its 10 day ADR of 87 pips.....EJ has moved 202 pips vs its 10 ADR of 113....

I agree UJ getting into a nice area to look for long and UJ to start getting exhausted
Attached Image
We miss 100% of the shots we don't take
  • #485
  • Jan 29, 2014 8:07am Jan 29, 2014 8:07am
Quoting maxwell-eqtn
{quote} Look Here Rooi. I am out here......, See how the Bands are squooshed there. It appears there is no more room for it to go down. But I will wait again for another entry when the stoch cuts again. {image}

I see:nerd:

Are the vertical pink/purple lines your entries?
We miss 100% of the shots we don't take
  • #486
  • Jan 29, 2014 8:10am Jan 29, 2014 8:10am
Quoting Islander
{quote} EU is turning up - where do you see UJ going from here - its already moved 120 pips today vs its 10 day ADR of 87 pips.....EJ has moved 202 pips vs its 10 ADR of 113....

Hello Islander,

EU, GU, UJ, EY, GY they all turn to move in same direction. EU/CHF move in opposite direction. Only that some of them have longer legs while others have shorter legs. The ones with longer legs have greater strides........, so I kinda prefer the once with longer strides......, LOL !!!
  • #487
  • Jan 29, 2014 8:11am Jan 29, 2014 8:11am
Quoting Rooi
{quote} I see:nerd: Are the vertical pink/purple lines your entries?

You bet.

They are very good for scalping and for long term trades.
  • #488
  • Edited 9:10am Jan 29, 2014 8:17am | Edited 9:10am
Quoting Rooi
{quote} look for long and UJ to start getting exhausted {image}
+18.9 dont trust this bounce just yet so just a 4min Scalp

Attached Image (click to enlarge)
Click to Enlarge Name: 29 01 2014 T3.png Size: 25 KB

I reckon we will now range here till later when FOMC happens as this is a big demand area in my opinion

Attached Image (click to enlarge)
Click to Enlarge Name: yen Demand.png Size: 64 KB
We miss 100% of the shots we don't take
  • #489
  • Edited 8:58am Jan 29, 2014 8:19am | Edited 8:58am
Quoting maxwell-eqtn
{quote} You bet. They are very good for scalping and for long term trades.

Looking forward to more of your charts and examples as the approach seems interesting.:nerd: :nerd:
We miss 100% of the shots we don't take
  • #490
  • Jan 29, 2014 8:24am Jan 29, 2014 8:24am
Quoting Rooi
{quote} Looking forward to more of your charts and examples as the approach seems interesting.:nerd::nerd:

Look my man!!
Attached Image (click to enlarge)
Click to Enlarge Name: mtf_eurjpym1_02.png Size: 76 KB
  • #491
  • Jan 29, 2014 8:30am Jan 29, 2014 8:30am
Quoting maxwell-eqtn
{quote} Hello Islander, EU, GU, UJ, EY, GY they all turn to move in same direction. EU/CHF move in opposite direction. Only that some of them have longer legs while others have shorter legs. The ones with longer legs have greater strides........, so I kinda prefer the once with longer strides......, LOL !!!
Great trade

I'm certainly with you on "long legs" - and I can't wait for summer to return so that we can see more of them ......however, whilst EU and GU do often move in the same direction, UJ does its own thing and usually dictates what EJ and GJ do. Today the Yen has been heavily bought exacerbating the smaller ( ~80 pip) falls in EU and GU.

Remember a 50 pip move in UJ currently translates as 70 pips in EJ and 84 pips in GJ
Trading Levels with WRBs
  • #492
  • Jan 29, 2014 8:33am Jan 29, 2014 8:33am
Quoting Islander
{quote} Remember a 50 pip move in UJ currently translates as 70 pips in EJ and 84 pips in GJ
Please explain the math as I dont know the formula or is just a measurement of the waves roughly
We miss 100% of the shots we don't take
  • #493
  • Jan 29, 2014 8:43am Jan 29, 2014 8:43am
Quoting Rooi
{quote} Please explain the math as I dont know the formula or is just a measurement of the waves roughly

EJ and GJ started out - I believe I am correct - as synthetic crosses.....now they are heavily traded and have a life of their own and often influence their "parents"

To get the value of the cross multiply the values of its two base pairs.......so EurUsd x UsdJpy = EurJpy and Gbp x UsdJpy = GbpJpy. I'm certain you can work out the remainder of the maths....

PS Just banked a few from a long short legged euro as I didnt see any nice long legged yens about....
Trading Levels with WRBs
  • #494
  • Jan 29, 2014 8:50am Jan 29, 2014 8:50am
Quoting Islander
{quote} EurUsd x UsdJpy = EurJpy and Gbp x UsdJpy = GbpJpy. I'm certain you can work out the remainder of the maths....
Ill try and get back to you
We miss 100% of the shots we don't take
  • #495
  • Jan 29, 2014 8:53am Jan 29, 2014 8:53am
Quoting Islander
{quote} PS Just banked a few from a long short legged euro as I didnt see any nice long legged yens about....
We miss 100% of the shots we don't take
  • #496
  • Jan 29, 2014 8:54am Jan 29, 2014 8:54am
Quoting Islander
{quote} EJ and GJ started out - I believe I am correct - as synthetic crosses.....now they are heavily traded and have a life of their own and often influence their "parents" To get the value of the cross multiply the values of its two base pairs.......so EurUsd x UsdJpy = EurJpy and Gbp x UsdJpy = GbpJpy. I'm certain you can work out the remainder of the maths.... PS Just banked a few from a long short legged euro as I didnt see any nice long legged yens about....


I am definitely with you on that. Keep up with the great help you are providing .
  • #497
  • Jan 29, 2014 9:11am Jan 29, 2014 9:11am
Quoting Rooi
{quote}} I reckon we will now range here till later when FOMC happens as this is a big demand area in my opinion {image}
Thats me for today.See you guys in the morning
We miss 100% of the shots we don't take
  • #498
  • Jan 29, 2014 9:17am Jan 29, 2014 9:17am
Quoting Rooi
{quote} Thats me for today.See you guys in the morning
OK - I am reading with my audio alerts set in case there is a move into the London Fix - catch you around FO.....
Trading Levels with WRBs
  • #499
  • Jan 29, 2014 9:25am Jan 29, 2014 9:25am
Quoting Islander
{quote} OK - I am reading with my audio alerts set in case there is a move into the London Fix - catch you around FO.....
What time does it happen as I have never looked into it before.Might be worth looking at and doing some number crunching
We miss 100% of the shots we don't take
  • #500
  • Jan 29, 2014 9:37am Jan 29, 2014 9:37am
Quoting Rooi
{quote} What time does it happen as I have never looked into it before.Might be worth looking at and doing some number crunching
4pm UK - currently that is GMT too....if you are going to look at numbers, you should take in the period from say 15:30 GMT until ~17:00GMT so as to get the whole of the European Closes.....
Trading Levels with WRBs
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