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Multiple Time Frame Stochastic trading using 1min charts

  • #901
  • Feb 14, 2014 3:27am Feb 14, 2014 3:27am
Yesterday's FO was really choppy and I ended up chasing the market switching TF's and currency pairs and indicator combinations that I decided to take a break before I do something really, really silly.
Cant stay away from the market so I reorganized my charts and took a trade on demo.
Entry at M5 confirmation and exit at BRN.

Mid month and am still in the red, but I'm sure the month will end in green!

Enjoy the weekend
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-02-14_10-18-43 new day.png Size: 144 KB
Let it turn and find your entry.
  • #902
  • Feb 14, 2014 5:38am Feb 14, 2014 5:38am
told you about that blue line, a RBS-line. They happen quiet often, today it got broken (my entry) got retested (i should have bought more) and then ... bang. Look for it together with the indy's used its a great strategy. Shame i have a job and had to leave, oh well some day
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym1 laptop 14022014.png Size: 53 KB
  • #903
  • Feb 14, 2014 5:50am Feb 14, 2014 5:50am
great trades were posted in here. Congrats to all Backl to work now
  • #904
  • Feb 14, 2014 5:57am Feb 14, 2014 5:57am
Quoting huskyboy
told you about that blue line, a RBS-line. They happen quiet often, . Shame i have a job and had to leave, oh well some day {image}
Nice trade sir!

I understand why you drew the blue line and what it represents but what does the RBS stand for?

Well gedaan!!!
We miss 100% of the shots we don't take
  • #905
  • Feb 14, 2014 6:09am Feb 14, 2014 6:09am
Quoting Rooi
{quote} Nice trade sir! I understand why you drew the blue line and what it represents but what does the RBS stand for? Well gedaan!!!
In the UK its generally the Royal Bank of Scotland which its then CEO - that egotistical di*k-head Fred Goodwin ran into the ground to the tune of GBP - 24.1BN back in 2008.......what huskyboy means I have no idea......
Trading Levels with WRBs
  • #906
  • Feb 14, 2014 6:17am Feb 14, 2014 6:17am
Quoting Islander
{quote} In the UK its generally the Royal Bank of Scotland which its then CEO - that egotistical di*k-head Fred Goodwin ran into the ground to the tune of GBP - 24.1BN back in 2008.......what huskyboy means I have no idea......



LOL - Was a sh!t storm that whole year but I only started trading and paying attention to it all in late 2011 so cant remember it.Just remember a girl I knew who lost her job at RBS around that time due to lay-offs.So makes sense

What you looking at for the NYO as this is the only session I will be trading for the time being as Im busy else where for the FO and LO

Plenty of pips in the NY session just not as "easy" as LO IMHO

Rooi
We miss 100% of the shots we don't take
  • #907
  • Feb 14, 2014 6:29am Feb 14, 2014 6:29am
RBS = resistance becomes support
  • #908
  • Feb 14, 2014 6:49am Feb 14, 2014 6:49am
Quoting huskyboy
RBS = resistance becomes support

Thank you

Your entries always appear to follow the same pattern and most of the time you draw that blue line.

Do you always wait for this to happen.For the price to form a low and then test the low or make a high lower and the once the price breaks the RBS and takes out the high then you enter ?

If so then where is SL under the blue line or the whole swing low?
We miss 100% of the shots we don't take
  • #909
  • Feb 14, 2014 8:30am Feb 14, 2014 8:30am
Quoting Rooi
{quote} Plenty of pips in the NY session just not as "easy" as LO IMHO Rooi
Nothing yet
We miss 100% of the shots we don't take
  • #910
  • Feb 14, 2014 8:51am Feb 14, 2014 8:51am
Quoting Rooi
{quote} Nothing yet
+ 5.1
+3.5

Cant long here because the EU is to high IMHO so sitting on the hands time for now
Attached Image
We miss 100% of the shots we don't take
  • #911
  • Feb 14, 2014 9:48am Feb 14, 2014 9:48am
Well...
THANK YOU, THANK YOU, THANK YOU guys !!!

Another +27 pips

Tried it on Gold, and see it worked out very well...

Attached Image (click to enlarge)
Click to Enlarge Name: Gold short.JPG Size: 121 KB


We see the divergence on the TVIv2, plus the div. on the TDI, no higher high and the Volume was flatten out / lower.

btw, sorry for dropping the genesis indi... but I don't felt comfortable with it at all
  • #912
  • Edited 10:55am Feb 14, 2014 10:16am | Edited 10:55am
Quoting Rooi
{quote} + 5.1 +3.5 {image}
+7.6

A long a crappy afternoon.Late entries .NY traders out with the secretaries for V-day I suppose

I could have traded better and had a count but satisfied with it in the end

See you on Monday for NYO

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: 14 02 2014 T2.png Size: 52 KB
We miss 100% of the shots we don't take
  • #913
  • Feb 14, 2014 10:46am Feb 14, 2014 10:46am
Quoting Rooi
{quote} Thank you m Your entries always appear to follow the same pattern and most of the time you draw that blue line. Do you always wait for this to happen.For the price to form a low and then test the low or make a high lower and the once the price breaks the RBS and takes out the high then you enter ? If so then where is SL under the blue line or the whole swing low?

Chart from this morning. PA made a L and LL and was now in the making off a HL; we had divergence (see the lows off the TVI and compare with the lows off the EMA 6 bands, obvious i believe), i had my RBS line allready on it and that would be my entry zone. From then it was just waiting for that line to brake together with all the valid signals. My SL is at previous SL/SH and as soon as possible at BE (been stopped out many times p)

At the moment there a SBR line at 170,21, from there there would have been 1 valid signal short and 1 valid signal long.

Prettig week-end Rooi, and all the others.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 1402 longsetup.png Size: 97 KB
  • #914
  • Feb 14, 2014 10:47am Feb 14, 2014 10:47am
Quoting Rooi
{quote} +7.6 A long a crappy afternoon.NY traders out with the secretaries for V-day I suppose I could have traded better and had a count but satisfied with it in the end See you on Monday for NYO Rooi {image}
  • #915
  • Feb 14, 2014 10:48am Feb 14, 2014 10:48am
Quoting Jeffray
Well... THANK YOU, THANK YOU, THANK YOU guys !!! Another +27 pips Tried it on Gold, and see it worked out very well... {image} We see the divergence on the TVIv2, plus the div. on the TDI, no higher high and the Volume was flatten out / lower. btw, sorry for dropping the genesis indi... but I don't felt comfortable with it at all

Looks like your nailing it
We miss 100% of the shots we don't take
  • #916
  • Feb 14, 2014 10:52am Feb 14, 2014 10:52am
Quoting huskyboy
{quote} Chart from this morning. PA made a L and LL and was now in the making off a HL; we had divergence (see the lows off the TVI and compare with the lows off the EMA 6 bands, obvious i believe), i had my RBS line allready on it and that would be my entry zone. From then it was just waiting for that line to brake together with all the valid signals. My SL is at previous SL/SH and as soon as possible at BE (been stopped out many times p) At the moment there a SBR line at 170,21, from there there would have been 1 valid signal short and 1 valid...

Makes plenty of sense.Will be looking for it in future.

Geniet die naweek /Enjoy the weekend

We miss 100% of the shots we don't take
  • #917
  • Feb 14, 2014 11:13am Feb 14, 2014 11:13am
Quoting huskyboy
RBS = resistance becomes support
Something to look out for, I'm going thru my charts to see previous instances like GU this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-02-14_17-59-56 RBS.png Size: 88 KB
Let it turn and find your entry.
  • #918
  • Feb 14, 2014 12:44pm Feb 14, 2014 12:44pm
Quoting Rooi
{quote} Makes plenty of sense.Will be looking for it in future. Geniet die naweek /Enjoy the weekend

  • #919
  • Feb 15, 2014 5:33am Feb 15, 2014 5:33am
Quoting Islander
Hi Rooi Sorry I missed yor first PM so far I have not been asked to update to build 600, so I'm thinking that my two MT4 brokers are waiting until these basic problems are sorted....so many up updates allready...
Me neither, how long can we wait with updating?
  • #920
  • Feb 15, 2014 7:01am Feb 15, 2014 7:01am
I think the old build will work for another couple of weeks until they have sorted some major issues to the new build.
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