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Multiple Time Frame Stochastic trading using 1min charts

  • #541
  • Jan 30, 2014 6:54am Jan 30, 2014 6:54am
Quoting Islander
I find the BBs very useful.....wait for the 1m pinch / squeeze and then check the indys for an entry.....take care with the fake-outs as price often tests the other BB before its move after LO was typical.... {image}
Why all the vertical lines.I see some time they are separated equally and other times not.Are you marking something on the chart?

Hows the session going ?
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We miss 100% of the shots we don't take
  • #542
  • Jan 30, 2014 7:08am Jan 30, 2014 7:08am
Quoting Rooi
{quote} Why all the vertical lines.I see some time they are separated equally and other times not.Are you marking something on the chart? Hows the session going ? {image}
the lines came from an Ultra stoch indy and yes, timing is important....

Two recent buy signals in EJ after it held for a nice little double bottom......now flat, waiting for US data....

PS EA chart was from another non standard computer
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Trading Levels with WRBs
  • #543
  • Jan 30, 2014 7:13am Jan 30, 2014 7:13am
Quoting Islander
{quote} the lines came from an Ultra stoch indy and yes, timing is important.... Two recent buy signals in EJ after it held for a nice little double bottom......now flat, waiting for US data.... PS EA chart was from another non standard computer {image}
Thanks for the info.

Yip saw the double bottom forming while UJ pushing out of strong demand but I was busy with some of my other chores

Nice trading BTW
We miss 100% of the shots we don't take
  • #544
  • Jan 30, 2014 7:51am Jan 30, 2014 7:51am
Quoting Rooi
+ 14 on EJ Missed a lot of good trading opportunities due to other work I had to do. Now sitting on my hands till the USD news is done {image}
Do you mean work like lighting a bar b q and pouring a glass of wine for your wife??
To get +14 under these circumstances seems outstanding. lol
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #545
  • Jan 30, 2014 8:07am Jan 30, 2014 8:07am
Quoting anthm
{quote} Do you mean work like lighting a bar b q and pouring a glass of wine for your wife?? To get +14 under these circumstances seems outstanding. lol

LOL

I agree.

BUT

There was plenty on offer today if we just followed the rules without to much emotion.Trades today were clear cut.I hope we can by next year JAN know the system well enough to bank those moves.

Remember this isn't even the FO and LO trades.

GEN on the YEN is a 100 pip a day strategy if you ask me(give or take a mistake or not so volatile day or two)

Now that we know the basics we must look to maximize the efficacy in my opinion

But the wine and the Bar B Q I am always willing to attend to

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We miss 100% of the shots we don't take
  • #546
  • Jan 30, 2014 8:12am Jan 30, 2014 8:12am
Quoting Islander
{quote} Hi Figgsey - we all go through phases when our trading is not up to par and taking a couple of days away from the screen can work wonders. You could change to fibre which is less volatile than cable - or you might take a look at EurAud which does seem to have nice clear moves - I have added this to my watch list. Two clear moves so far today.... Good luck Islander {image}
Hi Capt. - Much appreciate your feedback. Yes, cable tends to be real choppy.

Do you concentrate on major pairs - EUR, USD, JPY are do you also take a look at gold or index?Just a thought

Also, what is your view regarding M15 EMA settings for stoch/ longer range trend analysis. 11,3,3 could be too small..

Thanks again
  • #547
  • Jan 30, 2014 8:50am Jan 30, 2014 8:50am
Quoting iwan73
Line No.1 I wasnt shure that it is good entry so i pass it. I thought that price could reverse because of Stoch M15. Would you enter that trade guys? Line No.2 Short entry. Stoch M15 in OS area and Stoch M5 made cycle to OB. Exit 12 pips below entry. {image}
Quoting Rooi
{quote} Hi Iwan Let me ask you like this seeing as trading is not really a team sport when we decide to enter the market we do it by our self. Why did you put line 1 where it is ? What was the reason? Why did you put line 2 where it is?
So guess you are not going to reply but what I wanted to make you think about was that you asked a question about the MTF Stoch but dropped the line on the
MA ribbon cross. Remember what every type of indicator is for and what there strength and weaknesses are.

Your first line would have been a very nice entry based on the MA ribbon.The MA ribbon works well when you go from a low range Asia session into the London volume as it very responsive at that time of the morning as your candles start to get bigger and so the way the MAs are calculated works nicely in that situation.
Look at the way Islander uses the Bollinger Bands to show him when the candle are condensing and consolidating and then he uses the ribbon and other indicators once the PA starts getting bigger.

Just my 2 cents as I use to use the ribbon and enjoyed it although you have to know how and when it works best.

Hope it makes it a bit clearer just thought I want to point it out


GL and happy piping


Rooi
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We miss 100% of the shots we don't take
  • #548
  • Jan 30, 2014 9:28am Jan 30, 2014 9:28am
Quoting Rooi
{quote} LOL I agree. BUT There was plenty on offer today if we just followed the rules without to much emotion. GEN on the YEN is a 100 pip a day strategy if you ask me(give or take a mistake or not so volatile day or two) Now that we know the basics we must look to maximize the efficacy in my opinion But the wine and the Bar B Q I am always willing to attend to {image}
Now this is one chart that stands out I'm looking keenly at this.

Rooi can't thank you enough for starting this thread
Let it turn and find your entry.
  • #549
  • Jan 30, 2014 10:02am Jan 30, 2014 10:02am
Quoting figgsey
{quote} Hi Capt. - Much appreciate your feedback. Yes, cable tends to be real choppy. Do you concentrate on major pairs - EUR, USD, JPY are do you also take a look at gold or index?Just a thought Also, what is your view regarding M15 EMA settings for stoch/ longer range trend analysis. 11,3,3 could be too small.. Thanks again
Just the FX contracts that I post about - I found gold very difficult to trade and left trading indices several years ago.

If you look at my post no 530 on the previous page, you will see that I have shown 1m, 5m and 15m charts - the latter has the M30 stoch and that is as far out as I ever need for 1m trading.....I usually only look at the 5m which I also have open on my other monitor with my multi display.....its been posted plenty of times....
Trading Levels with WRBs
  • #550
  • Jan 30, 2014 10:29am Jan 30, 2014 10:29am
Well that's me for the day and week guys.

Will be around tomorrow afternoonish.

We miss 100% of the shots we don't take
  • #551
  • Jan 30, 2014 10:51am Jan 30, 2014 10:51am
Quoting Islander
{quote} Just the FX contracts that I post about - I found gold very difficult to trade and left trading indices several years ago. If you look at my post no 530 on the previous page, you will see that I have shown 1m, 5m and 15m charts - the latter has the M30 stoch and that is as far out as I ever need for 1m trading.....I usually only look at the 5m which I also have open on my other monitor with my multi display.....its been posted plenty of times....
Cool, I'll take a look.

Thank you
  • #552
  • Jan 30, 2014 10:58am Jan 30, 2014 10:58am
Quoting Islander
{quote} Just the FX contracts that I post about - I found gold very difficult to trade and left trading indices several years ago. If you look at my post no 530 on the previous page, you will see that I have shown 1m, 5m and 15m charts - the latter has the M30 stoch and that is as far out as I ever need for 1m trading.....I usually only look at the 5m which I also have open on my other monitor with my multi display.....its been posted plenty of times....
Thats my take too - even with the 1HR TF

I can't make out the M15 chart unfortunately - sorry to check but are you using any particular EMA for the M30. My parameters are to high and am tempted to bring them down to say 11,3 as opposed to 30...
  • #553
  • Jan 31, 2014 12:43am Jan 31, 2014 12:43am
Today i want to share my one of the favourite method of scalping with charts. Use Genesis trading method. Wait for the price to move to OB or OS area. Now in the chart you can see that price is in OS area and there are two lines. Ignore First line which is first crossing in upward direction. But if price go down and there is crossing in downward direction then place one short position and you can get some pips for sure.

Regards
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Love for all; Hatred for none.
  • #554
  • Jan 31, 2014 1:23am Jan 31, 2014 1:23am
Morning or Afternoon all
Early EU trade entry FO minus 15 minutes
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When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #555
  • Jan 31, 2014 1:41am Jan 31, 2014 1:41am
Quoting figgsey
{quote} Thats my take too - even with the 1HR TF I can't make out the M15 chart unfortunately - sorry to check but are you using any particular EMA for the M30. My parameters are to high and am tempted to bring them down to say 11,3 as opposed to 30...
GM - I do not use the M30 TF on any charts....IF you mean the M30 stoch then I use either 11,3,3 or 8,3,3. The EMAs are the 25 period.
Trading Levels with WRBs
  • #556
  • Jan 31, 2014 1:43am Jan 31, 2014 1:43am
My First scalping trade. Green line is order point. But it was risky trade.
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  • #557
  • Jan 31, 2014 2:09am Jan 31, 2014 2:09am
My next Trade.
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  • #558
  • Jan 31, 2014 2:28am Jan 31, 2014 2:28am
First trade today....long GJ...took half off at 14...moving SL to BE and holding for test of daily pivot.

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  • #559
  • Jan 31, 2014 3:00am Jan 31, 2014 3:00am
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great example of reentry trade.., but was set up for that trade....last yellow arrow...5 min US crossed up...15 stayed bullish and above 50...SL below the swing low and target the DP
  • #560
  • Jan 31, 2014 3:03am Jan 31, 2014 3:03am
i did get in on UJ
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