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Multiple Time Frame Stochastic trading using 1min charts

  • #761
  • Feb 11, 2014 2:05am Feb 11, 2014 2:05am
Don't normally switch but long EJ

Update - TP1 +7.2

Update - TP2 reached +12, have taken +10 giving me +20. after the earlier trades happy with that result, will put charts on later.strada.
  • #762
  • Edited 2:47am Feb 11, 2014 2:21am | Edited 2:47am
OK - now I've looked I see what happened to Intrepidpips. Here's my chart and I'll expand on it soon...right now the 5m charts- GU, UJ, GJ are down, but 1m trying to turn up....

5m UJ & GJ were down from ~6:30. The GJ sell was in the 7:10 bar whilst in a BB pinch / squeeze. The move stalled at the DP for ~15 mins and then there was a small spike up into the ribbonat 7:30 - another potential sell....and a couple of bars later, that Wide Ranged, high volumed red marubozo, so look to exit IF the move stalls - it did!

Note that my ribbon is not as "aggessive" as the one Intrepidpips is using.....
Attached Image (click to enlarge)
Click to Enlarge Name: feb11 gj 1m 801.png Size: 52 KB
Trading Levels with WRBs
  • #763
  • Feb 11, 2014 2:25am Feb 11, 2014 2:25am
Quoting strada
Don't normally switch but long EJ Update - TP1 +7.2 Update - TP2 reached +12, have taken +10 giving me +20. after the earlier trades happy with that result, will put charts on later.strada.
well done, as you can imagine I have taken huge hit on my short EJ
I also long on it now and will quit with a loss if it doesn't go right.
Chasing my tail as usual
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #764
  • Feb 11, 2014 2:38am Feb 11, 2014 2:38am
Bought GJ at 8:22, just closed on hit of the BRN / **00 level - chart later...
Trading Levels with WRBs
  • #765
  • Feb 11, 2014 2:39am Feb 11, 2014 2:39am
Charts for today. Total just short of 20. strada
Attached Image (click to enlarge)
Click to Enlarge Name: gu m1 2014-02-11.png Size: 42 KB

Attached Image (click to enlarge)
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  • #766
  • Feb 11, 2014 2:53am Feb 11, 2014 2:53am
Quoting Islander
Bought GJ at 8:22, just closed on hit of the BRN / **00 level - chart later...
Price was in a BB pinch, so waited for the matrix to turn blue with price above the blue 25 ema and stochs going up too....small candles in the move, so the BRN was a logical place to exit....now allow price to "rest", so sit on hands and coffee.....

PS the 5m charts signalled buy in the 8:25 bar.....
Attached Image (click to enlarge)
Click to Enlarge Name: feb11 gj 1m 0840.png Size: 55 KB
Trading Levels with WRBs
  • #767
  • Feb 11, 2014 2:56am Feb 11, 2014 2:56am
Charts for today,
the good the bad and the ugly.,Please feel free to critique

5 trades including 1 in Tokyo session
finished +20
As usual my big loss of 38.4 killed me

Regards
Anthm
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 45 KB
Click to Enlarge Name: gbpusdm1.png Size: 40 KB
Click to Enlarge Name: eurjpym1chart three.png Size: 42 KB
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #768
  • Feb 11, 2014 3:02am Feb 11, 2014 3:02am
Quoting anthm
Charts for today, the good the bad and the ugly.,Please feel free to critique 5 trades including 1 in Tokyo session finished +20 As usual my big loss of 38.4 killed me Regards Anthm {image} {image} {image}

Nicely done.
We miss 100% of the shots we don't take
  • #769
  • Feb 11, 2014 3:03am Feb 11, 2014 3:03am
Quoting Islander
{quote} Price was in a BB pinch, so waited for the matrix to turn blue with price above the blue 25 ema and stochs going up too....small candles in the move, so the BRN was a logical place to exit....now allow price to "rest", so sit on hands and coffee..... PS the 5m charts signalled buy in the 8:25 bar..... {image}

Some very nice trading and catching the up and down
We miss 100% of the shots we don't take
  • #770
  • Feb 11, 2014 3:04am Feb 11, 2014 3:04am
Quoting Islander
{quote} Price was in a BB pinch, so waited for the matrix to turn blue with price above the blue 25 ema and stochs going up too....small candles in the move, so the BRN was a logical place to exit....now allow price to "rest", so sit on hands and coffee..... PS the 5m charts signalled buy in the 8:25 bar..... {image}
Nice work as Usual Islander.
BB Pinch or Maybe a waist line? Hour glass waist line??
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #771
  • Feb 11, 2014 3:05am Feb 11, 2014 3:05am
Quoting strada
Don't normally switch but long EJ Update - TP1 +7.2 Update - TP2 reached +12, have taken +10 giving me +20. after the earlier trades happy with that result, will put charts on later.strada.
Thanks for the charts.Always like seeing the entries.

I should be able to join you guys for the full open in about 2 months from now.You guys are killing it as always
We miss 100% of the shots we don't take
  • #772
  • Feb 11, 2014 3:06am Feb 11, 2014 3:06am
Question is have you critiqued these yourself? Its the only way to learn. Why should you have not taken that losing trade? Was the set up ok,right, or perfect? What could you have done differently on the others to improve your risk reward ratio? I could give you my own view but its what you see in relation to your trading plan that is important. Its a really positive thing to do to share your cock ups. My last word: patience.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #773
  • Feb 11, 2014 3:08am Feb 11, 2014 3:08am
Quoting anthm
Charts for today, the good the bad and the ugly.,Please feel free to critique 5 trades including 1 in Tokyo session finished +20 As usual my big loss of 38.4 killed me Regards Anthm {image} {image} {image}
Good recovery Anthm. Your 7.34 trade, what criteria did you use for that and do you use standard charts (non HA) alongside when you're trading?
strada.
  • #774
  • Feb 11, 2014 3:20am Feb 11, 2014 3:20am
Quoting anthm
{quote} Nice work as Usual Islander. BB Pinch or Maybe a waist line? Hour glass waist line??
LOL - I'm all for pinched waists - or better a squeezed one

In your loosing trade, for me, the Higher Low at ~9:48 on your chart would probably have caused me to close out and that way "clear my mind" for another entry.....IMO your FIRST loss is ALWAYS your BEST loss......

PS another pinch in GJ with the buy signal at 9:09.....exit was after that WRB - a high volumed green marubozo with no follow through at 9:22......and I'm finished until NY.....BFN....
Trading Levels with WRBs
  • #775
  • Feb 11, 2014 4:41am Feb 11, 2014 4:41am
Not paying attention properly this morning. I caught the first GU up but missed the more important second as was too busy reading elsewhere (distracted by a FF thread) so 8 pips instead of 30 pips.

Attached Image (click to enlarge)
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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #776
  • Feb 11, 2014 4:49am Feb 11, 2014 4:49am
One quick question Islander.
which settings do you use using the MA-Ribbon indicator?
  • #777
  • Feb 11, 2014 5:04am Feb 11, 2014 5:04am
Quoting Jeffray
One quick question Islander. which settings do you use using the MA-Ribbon indicator?
Hi Jeffray

He has asked the guys to look for the own answers and do a bit of work and research about it.

At the moment he is using the 25/60 EMA like shown in the picture and he said it in his post.

Im responding because he might not feel the need because he puts everything on his chart mostly

He said earlier "Price was in a BB pinch, so waited for the matrix to turn blue with price above the blue 25 ema and stochs going up too....small candles in the move, so the BRN was a logical place to exit....now allow price to "rest", so sit on hands and coffee....."

Just my 2 cents regarding this....

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: Islander.png Size: 47 KB
We miss 100% of the shots we don't take
  • #778
  • Feb 11, 2014 5:39am Feb 11, 2014 5:39am
Found some time for a trade or two because I will not be around for NYO

+6 and +8 (low volatility IMO )

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: 11 02 2014 T2.png Size: 24 KB
We miss 100% of the shots we don't take
  • #779
  • Feb 11, 2014 8:06am Feb 11, 2014 8:06am
Quoting strada
{quote} Good recovery Anthm. Your 7.34 trade, what criteria did you use for that and do you use standard charts (non HA) alongside when you're trading? strada.
Hi Strada ,
I have been out since I closed and now back to read your post and look back at my trades.
Now that I look back, yes my 7.34 trade was embarrassingly not in the rules set. 5M stoch still opposite direction, Expensive SL, Late entry on old signals. I am at the moment trying to identify my thought process on entry and I think it was that of being very very hungry for the win. That of greed. In hindsight if I was to reenter legitimately I should have done it at 7.15 and the 7.49 bar would have seen me take profit and in credit. Point taken thank you. Please tell me if I missed anything else.
Strada yes I do keep a screen with normal candles on a lap top next to me and am interested as to why you brought that up?
Always a pleasure to receive your input
Kind Regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #780
  • Feb 11, 2014 8:23am Feb 11, 2014 8:23am
Quoting Islander
{quote} LOL - I'm all for pinched waists - or better a squeezed one In your loosing trade, for me, the Higher Low at ~9:48 on your chart would probably have caused me to close out and that way "clear my mind" for another entry.....IMO your FIRST loss is ALWAYS your BEST loss...... PS another pinch in GJ with the buy signal at 9:09.....exit was after that WRB - a high volumed green marubozo with no follow through at 9:22......and I'm finished until NY.....BFN....
Islander thank you for your valuable input, Higher lows on a 1M price pattern is generally something I would overlook
and yes your right it would have seen me out at a very cheap loss.
Staying in a trade that is going against me continues to be my biggest problem. I have raised the discussion here but it did not get a lot of hits.
Thanks again
anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
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