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Multiple Time Frame Stochastic trading using 1min charts

  • #621
  • Feb 4, 2014 6:35am Feb 4, 2014 6:35am
Quoting Mister Dave
Hi, Is there anyone out there that keeps a journal of all trades they take with this or the original genesis method? I am after a list of trades that were taken, win or lose. All I need is the entry time and pair, no other details are needed as I just need to work on my entry/exit strategy and to compare my back testing results. Any help would be appreciated.
Hi Mr Dave

The problem is everyone trades a different Exit Strategy as that is in essence what defines a trader.We all use give or take the same entry requirements but we all look at different pairs and trade at different times and frequencies

Best is to share you trades and ask if there is anything you want to know about it.As for hard results to compare against I dont think you will find anything really.


Good luck and happy pipping

We miss 100% of the shots we don't take
  • #622
  • Feb 4, 2014 6:40am Feb 4, 2014 6:40am
Hello everyone,

This is my first post in this thread. Although I do trade using the excellent genesis system, I do not trade 1min charts so have kept myself in the shadows.

I have followed Islander since he popped up in the genesis thread. I find his posting and market insight to be of the highest quality and would like to say that his input is very much appreciated and it will be a great loss indeed to this thread if he does decide to leave.

From one brit to another, I wish you all the best Islander.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #623
  • Feb 4, 2014 7:10am Feb 4, 2014 7:10am
Islander, you are one of the best traders in FF, probably the best in M1 trading, and your contribution is absolutly great.
I am sure that there are a lot of people here that appreciate your work, even if they stay in silence.
So please, DONīT LEAVE US CAPTAIN!
  • #624
  • Edited 7:32am Feb 4, 2014 7:14am | Edited 7:32am
Quoting Islander
{quote} Not only did I spend time and effort in replying to those and other PMs, but last Friday I spent most of the day in working up a postable, alert version of the ASCTrend indicator together with my sounds files, both of which I see have so far been downloaded by 38 traders. However, I am EXTREMELY surprised to find not a SINGLE comment or note of thanks from ANY of these traders and I do NOT mean the 4 or 5 regulars that post here. I am refering to those who are taking and offering this - and my old thread nothing in return. It is obviously...

Islander, dont be angry for us (other FF users) or dont feel useless, offended. You even dont know how helpfull are your screens and posts. I have printed all of them from this thread and i try to understand your entries. Now i see some progres in entries. in exits not yet.
It would be a huge loss for all of us if you will decide to leave. Please dont do it.
  • #625
  • Feb 4, 2014 7:16am Feb 4, 2014 7:16am
1st trade = BE
2nd trade = +16 (tp1 = + 4, tp 2 = +12)

Working on waiting for the proper signal and a decent TP1 and TP2

@Strada.This would have been a TP1 +6 and TP2 still running?

Rooi
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We miss 100% of the shots we don't take
  • #626
  • Edited 8:02am Feb 4, 2014 7:33am | Edited 8:02am
Hi Rooi, I was watching that too and probably would have taken the 13.05 signal but I'd already entered a little side trade on EU while sitting here catching up on emails etc after my break. It looked like EJ was gearing up for a go at the number at some stage, whether it would be stop hunting above or a move remains to be seen. The DP didn't put you off then???

Re TP1 = 6. May have been more, didn't see the price prints once above the number, looks like it went to about +6 before falling back to the number, so probably would have reset the SL to BE. When price moved up again it looked like it may have offered 8/9 on next up-leg, so +7 would have been good.

Closed my EU @ BE.
  • #627
  • Feb 4, 2014 7:45am Feb 4, 2014 7:45am
Quoting strada;7258302 [B
The DP didn't put you off then??? Re TP1 = 6.
What gave me the confidence to go before the DP was that UJ exploded at 13:05 and broke the most recent resistance

I know you trade EJ as a pair onto itself and I do that to but here the UJ gave me that bit extra to pull the trigger a pip or two early

So TP 1 for you will ALWAYS be a minimum of +6 or a BE if it doesnt do what it needs to.So what I mean is you will NEVER take less than +6.
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #628
  • Feb 4, 2014 7:54am Feb 4, 2014 7:54am
Hi Rooi, +7 for TP1 is my normal minimum TP1 target but if price dawdles around 6 and struggles to get to 7+ then I'll sometimes take the best +6 I can, like +6.5 isn't such a bad compromise! If like the EJ earlier it looked like it touched around +6 then immediately fell back so TP1 still live then I'd reset SL to BE. I can't allow a trade to get that close to a bankable profit then let it run into a loss. Yes, sometimes that bit of strategy bites you in the rear but it also means no loss.

[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]" NEVER take less than +6." Never say never, sometimes that's all the market is going to give you, if that's what you think, then you take it, it's better than BE.[/highlight]
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]strada.[/highlight]
  • #629
  • Feb 4, 2014 8:03am Feb 4, 2014 8:03am
Quoting strada
Hi Rooi, I can't allow a trade to get that close to a bankable profit then let it run into a loss. Yes, sometimes that bit of strategy bites you in the rear but it also means no loss. " NEVER take less than +6." Never say never, sometimes that's all the market is going to give you, if that's what you think, then you take it, it's better than BE. strada.
Thanks for the wording.Its a simple emotionless choice that is part of your plan.So you have weighed up the good and bad and accepted the outcome.
I just have to make the choice and either way live with the outcome.

Rooi
We miss 100% of the shots we don't take
  • #630
  • Feb 4, 2014 8:34am Feb 4, 2014 8:34am

Inserted Video




Its too much.

See you guys in the morning
We miss 100% of the shots we don't take
  • #631
  • Feb 4, 2014 11:57am Feb 4, 2014 11:57am
Quoting Islander
{quote} please read up on my posts - both here and in my old thread - and you will find that info AND the comment that it remains Work In Progress......all of the indicators and my up to date settings have also been posted ......the regulars here are often posting similar entries and so its just a matter of a little work....
Hey Captain sorry to say WE CAN'T AFFORD TO HAVE YOU LEAVE THE SHIP YET

There are so many visitors to this thread who are still putting in the work like me and some are yet to come out of their shells and I'm sure when they sail to profitability land the gratitude will pour out.
Mean time I have added the MA Ribbon to the mix and it's such a visual aid.
You are appreciated.
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Let it turn and find your entry.
  • #632
  • Feb 4, 2014 1:15pm Feb 4, 2014 1:15pm
Quoting Islander
{quote} Not only did I spend time and effort in replying to those and other PMs, but last Friday I spent most of the day in working up a postable, alert version of the ASCTrend indicator together with my sounds files, both of which I see have so far been downloaded by 38 traders. However, I am EXTREMELY surprised to find not a SINGLE comment or note of thanks from ANY of these traders and I do NOT mean the 4 or 5 regulars that post here. I am refering to those who are taking and offering this - and my old thread nothing in return. It is obviously...
Absolutely right sir and i apologize. I always admired your style. Thanks for all your hard work.

I should have and could have posted, not that it matters.
  • #633
  • Feb 4, 2014 2:34pm Feb 4, 2014 2:34pm
Quoting Islander
{quote} Not only did I spend time and effort in replying to those and other PMs, but last Friday I spent most of the day in working up a postable, alert version of the ASCTrend indicator together with my sounds files, both of which I see have so far been downloaded by 38 traders. However, I am EXTREMELY surprised to find not a SINGLE comment or note of thanks from ANY of these traders and I do NOT mean the 4 or 5 regulars that post here. I am refering to those who are taking and offering this - and my old thread nothing in return. It is obviously...
Islander, Please feel free to run this by me. If I can help.. Its the least many other us can do.
  • #634
  • Feb 4, 2014 5:31pm Feb 4, 2014 5:31pm
Quoting Islander
{quote} Not only did I spend time and effort in replying to those and other PMs, but last Friday I spent most of the day in working up a postable, alert version of the ASCTrend indicator together with my sounds files, both of which I see have so far been downloaded by 38 traders. However, I am EXTREMELY surprised to find not a SINGLE comment or note of thanks from ANY of these traders and I do NOT mean the 4 or 5 regulars that post here. I am refering to those who are taking and offering this - and my old thread nothing in return. It is obviously...
Morning Islander , very good job on the indi, personally I was not one of the 38 that downloaded it. I actually try and eliminate all noise when I trade and in actual fact often wear builders quality safety ear protection type ear muffs. If you lived where I live you may understand lol.
Please keep up the good work.
Regards
anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #635
  • Feb 4, 2014 6:48pm Feb 4, 2014 6:48pm
Nice UJ move on Tokyo open this morning,
And to think I was planning on taking the day off trading.
+40 in the bank, only wish it was always that easy for me.
Rushing to work now
Regards
Anthm
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When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #636
  • Feb 5, 2014 12:22am Feb 5, 2014 12:22am
We live to trade another day, thank God!
Waiting for FO
Someone asked for my MA Ribbon settings, so here it is, play around with as many combinations as you please, this combination is not set in stone.
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Let it turn and find your entry.
  • #637
  • Feb 5, 2014 1:04am Feb 5, 2014 1:04am
First trade +16 (tp1 = 3 , tp2 = 13) Sitting on the round number and thats enough for me EDIT ( I should check my lines as that blue line is for round numbers and clearly it moved.oh well)

Have to shoot off for a bit.

Will be back checking in here and there but will only be trading again after 11:00(London time)

@ Anthm , Nicely done


Rooi
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We miss 100% of the shots we don't take
  • #638
  • Edited 1:47am Feb 5, 2014 1:06am | Edited 1:47am
Morning, short GU off 7am bar. Few PMI's today, remember these are released 2mins before quoted time. chartlater.

Update TP1 +6.7; TP2 stop @BE (Rooi, as we were saying yesterday for TP1)

Update TP2 +14; will post chart later. Finished trading today. strada.
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  • #639
  • Feb 5, 2014 1:38am Feb 5, 2014 1:38am
Quoting strada
Morning, short GU off 7am bar. Few PMI's today, remember these are released 2mins before quoted time. chartlater. Update TP1 +6.7; TP2 stop @BE (Rooi, as we were saying yesterday for TP1)
It seems "The Beast" is the way to go, I was checking out EJ when the short signals came and could only take the EJ.

I would have scaled out of GJ had I taken it but can't take 2 trades at the same time for now, will wait till after GBP Services PMI.
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Let it turn and find your entry.
  • #640
  • Feb 5, 2014 1:49am Feb 5, 2014 1:49am
wasn't at my desk, missed those 2 entries. Waiting time Gj M1 chart
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