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Multiple Time Frame Stochastic trading using 1min charts

  • #701
  • Feb 7, 2014 1:11am Feb 7, 2014 1:11am
Quoting strada
Morning, short EJ, off 7am signal
Same here and banked 3pips.

TP2 still running :nerd:

Will be my only trade fort the morning unless I free up some time for a good opportunity


EDIT : TP2 = +7

+10 for FO and that gives me back yesterdays loss and a bit but have to get busy with other stuffs and will update if I take any other trade


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We miss 100% of the shots we don't take
  • #702
  • Feb 7, 2014 1:50am Feb 7, 2014 1:50am
Quoting Intrepidpips
Someone asked for this. An "infocator" designed by a member of the FF community P4L. Just make sure you check "Allow DLL imports" and it will do it's work. After taking such a beating today (-20 pips)partly through not taking all my entries and second guessing a 200 pip EJ buy signal, I've been working tirelessly to reduce the number of inputs for my buy/sell/hold decisions and it's still a work in progress. {file} {file} {image}
Intrepidpips, hope i can be off any help, her's my reasoning. I also look at the M5 chart before i enter any trade. Would i heve entered at that point, who knows ???

Today no trades so far, been busy typing this
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  • #703
  • Feb 7, 2014 2:53am Feb 7, 2014 2:53am
Here was this mornings offering using stochs (I failed to get up for FO). EU was overstretched and although wanting to go higher failed, ergo got to go down. Note that I was alerted to this by the turn down in the EU 4H stoch well before 8:00. Afetr that it was a matter of waiting for everything to line up before jumping in. The real action will be at 9:30 I guess but I will let the charts tell me. I like to get 25 pips a day so missed by one. I make it a rule to not look at targets but to enter and exit purely on the charts. Oh well have to stick around and wait for another opportunity.

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edit: Error 21.3 pips. I was slower than I thought.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #704
  • Feb 7, 2014 2:56am Feb 7, 2014 2:56am
out 20 pips, done
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  • #705
  • Feb 7, 2014 2:57am Feb 7, 2014 2:57am
20 Pips. Todays target achieved
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Love for all; Hatred for none.
  • #706
  • Feb 7, 2014 3:14am Feb 7, 2014 3:14am
Was out of the house, unfortunately, so was unable to exit at a better level.

Long G/Y 31 pips.

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  • #707
  • Feb 7, 2014 8:17am Feb 7, 2014 8:17am
GU had been broadcasting an up move all day as far as I was concerned. I did take two positions mid morning, one a winner one a loser, net effect was +1 pip so a stupid waste of time. I decided there were better thngs to do until news time. At 13:28 I had seen enough to venture a long. Not something for the feint hearted before big news. My MT4 platform crashed at 13:31 but I do not use it for trading, keeping my brokers far more reliable platform open alongside so not flying completely blind. Exit 50% at 35 pips, the rest at 42 after momentum seemed to die. I was also watching EU which offered a clearer signal and actually a better ride but I was fixated on GU. Not sure I will bother any more today as that leaves me 60 pips up on my normal stake size (an excellent day for me) and I would only ruin things. Missing data in the pic so does not show my entry point but you get the idea. The challenge is to repeat this all next week....

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #708
  • Feb 7, 2014 8:32am Feb 7, 2014 8:32am
Had time for one GU long, cya all next week monday
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Let it turn and find your entry.
  • #709
  • Feb 7, 2014 9:32am Feb 7, 2014 9:32am
+16 on 2 trades and wrapping up for the week.

Could have exited better on the first trade but oh well.Will continue to work on it next week


Hope you guys have a good weekend and see you guys on Monday
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We miss 100% of the shots we don't take
  • #710
  • Feb 8, 2014 11:49am Feb 8, 2014 11:49am
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}
Hi Capt,

Could you possibly point me in the right direction for the M5 Stoch please?

It doesn't look like the Ultra Colour indi...

Many thanks

F
  • #711
  • Feb 9, 2014 5:02am Feb 9, 2014 5:02am
Quoting figgsey
{quote} Hi Capt, Could you possibly point me in the right direction for the M5 Stoch please? It doesn't look like the Ultra Colour indi... Many thanks F
There are two versions in the File Attachments of this thread - I am using the !Ultra Stochastic Color Line version. You can also check the thread on the days that both Rooi posted these indicators and you should find the link to the Ultra Stoch thread.....
Trading Levels with WRBs
  • #712
  • Feb 9, 2014 5:20pm Feb 9, 2014 5:20pm
Quoting Islander
{quote} There are two versions in the File Attachments of this thread - I am using the !Ultra Stochastic Color Line version. You can also check the thread on the days that both Rooi posted these indicators and you should find the link to the Ultra Stoch thread.....
Ah, I see now.

Thank you
  • #713
  • Feb 10, 2014 1:18am Feb 10, 2014 1:18am
short GJ @ 167,99 closed 40 pips
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  • #714
  • Feb 10, 2014 1:19am Feb 10, 2014 1:19am
Morning all

Only have time for the FO this morning as I have to run.Will be back for NYO

+10.1 on the 3 trades

1st trade +0.1pips

2nd trade -2.8

3rd trade + 12.8

Rooi
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We miss 100% of the shots we don't take
  • #715
  • Feb 10, 2014 1:53am Feb 10, 2014 1:53am
Morning, good set-up on GU earlier, just before Frankie open, cheap SL. All I need for today. strada.
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  • #716
  • Feb 10, 2014 2:02am Feb 10, 2014 2:02am
Quoting strada
Morning, good set-up on GU earlier, just before Frankie open, cheap SL. All I need for today. strada. {image}

GM - nice trade.....I was surprised to see cable make that move so early. As UJ also headed south, GJ was a good sell too
Trading Levels with WRBs
  • #717
  • Feb 10, 2014 2:18am Feb 10, 2014 2:18am
Quoting strada
Morning, good cheap SL. All I need for today. strada. {image}
Morning Strada.

Nice trading and start to the week.

What is the pip range you would call a cheap SL 4-8 pips?

I know you have a disaster SL at 15

Rooi
We miss 100% of the shots we don't take
  • #718
  • Feb 10, 2014 2:19am Feb 10, 2014 2:19am
Quoting Islander
{quote} GM - nice trade.....I was surprised to see cable make that move so early. As UJ also headed south, GJ was a good sell too
Morning Islander, For me these are bread & butter trades, I see them regularly and I've always traded them and on EJ and GU they tend to be quite reliable. Plus if there is a cheap SL then it makes the entry decision that much easier.
On that trade the stoch15 was flat and above at the time of the signal but by the time I opened the trade the stoch was on the way down and crossing, just giving a bit more comfort. (I use a 1pip buffer before entry after any signal).
cheers, strada.

@Rooi, morning Rooi, yes 4-8 is good, like this morning, but the trade moved quickly and reached +6 very quickly so I was then on BE for SL and then it just kept going to about +11 so when it paused & reversed closed tp1. Similarly with tp2, went below the number to +23, paused & reversed so closed again.
regards, strada.
  • #719
  • Feb 10, 2014 2:32am Feb 10, 2014 2:32am
Rooi, Strada,

wonder how you guys close a trade partially; i have tried many times reducing the size lot when closing a trade and let the rest run (tried this morning too) but it just dont work What am i doing wrong ?
  • #720
  • Feb 10, 2014 2:41am Feb 10, 2014 2:41am
Quoting strada
{quote} Morning Islander, For me these are bread & butter trades, I see them regularly and I've always traded them and on EJ and GU they tend to be quite reliable. Plus if there is a cheap SL then it makes the entry decision that much easier. On that trade the stoch15 was flat and above at the time of the signal but by the time I opened the trade the stoch was on the way down and crossing, just giving a bit more comfort. (I use a 1pip buffer before entry after any signal). cheers, strada. @Rooi, morning Rooi, yes 4-8 is good, like this morning,...

Thanks for the breakdown.....looking at my current chart I had ASCTrend Alert on close of 6:46; 4 reds in Matrix at 6:49; 25 EMA turned down 6:55 = Sell...so I'm thinking that was when you sold too....
Trading Levels with WRBs
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