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Multiple Time Frame Stochastic trading using 1min charts

  • #981
  • Feb 19, 2014 4:01pm Feb 19, 2014 4:01pm
Quoting huskyboy
{quote} Good trade, clean chart but what is that dark- and lightgray background on your stochs ? Thanks
Thanks - it is just Stoch-Tape for the same TF as each stoch.
  • #982
  • Feb 19, 2014 9:44pm Feb 19, 2014 9:44pm
Morning GJ M5 entry long
Attached Image (click to enlarge)
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  • #983
  • Feb 19, 2014 10:29pm Feb 19, 2014 10:29pm
Quoting huskyboy
Morning GJ M5 entry long {image}
Well shit happens; out sl -25 pips; staying in it while all the stochs are pointing down and still hoping for PA to turn long ....

Glad i have a dayjob
  • #984
  • Feb 19, 2014 10:37pm Feb 19, 2014 10:37pm
Quoting huskyboy
{quote} Well shit happens; out sl -25 pips; staying in it while all the stochs are pointing down and still hoping for PA to turn long .... Glad i have a dayjob
IMO SL was pretty expensive given that it was a CT trade. Also didn't appear to have enough strength behind it for a trend change. Just my 2c.
  • #985
  • Feb 19, 2014 10:39pm Feb 19, 2014 10:39pm
Hey mates,

sorry for beeing a bit late... Here are my yesterday trades.

On Ej I expected a bounce off of the pivot line close before an during LO, which worked put quiet nice!

Attached Image (click to enlarge)
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This short on GJ right after LO gave me a TP1 for 6 Pips and 2x BE+1

Attached Image (click to enlarge)
Click to Enlarge Name: GJ short.JPG Size: 133 KB


All in all I made 65 Pips on these trades

Until I entered and got stopped out on Gold...

Attached Image (click to enlarge)
Click to Enlarge Name: Gold short.JPG Size: 131 KB


-25 x 3
at the end -10 Pips

What I have learned from my trades... I will not enter the market before LO!
Everytime I try to catch the Breakout I got burned!
With this System we have ALOT of trades during the day, there is no need to get the first big move of the day...
  • #986
  • Feb 19, 2014 10:42pm Feb 19, 2014 10:42pm
Quoting Autobotsgo
{quote} Thanks - it is just Stoch-Tape for the same TF as each stoch.

Hi AutoBotGo

Nice trade.

What is the function or your function for the stoch-tape.How does it affect your analysis or entry approach ?

Regards

Rooi
.
We miss 100% of the shots we don't take
  • #987
  • Feb 19, 2014 11:00pm Feb 19, 2014 11:00pm
Quoting Rooi
{quote} Hi AutoBotGo Nice trade. What is the function or your function for the stoch-tape.How does it affect your analysis or entry approach ? Regards Rooi .
It is mostly aesthetics Being able to quickly look at a chart and match the ultra stoch with the binary direction of the tape. I like the visual contrast.

I've also modified the tape on one of my charts so that it changes colour based on above or below 50 (with a higher stoch), but I'm not using it at the moment since I'm trying to focus shorter-term to reduce my risk.
  • #988
  • Edited 11:32pm Feb 19, 2014 11:11pm | Edited 11:32pm
GM Guys - and thanks Rooi.....bought GJ in 6:50 bar....more & chart later....

@francis3388 Please read my post # 721 on page 37 Thank you.

Edit: took partials at 7:19 as UJ hit its S1 and GJ hit its MS 1.....it is still FH....

Edit: closed remainder in 7:26 bar after a slightly HH with lower TVI....
Trading Levels with WRBs
  • #989
  • Feb 19, 2014 11:19pm Feb 19, 2014 11:19pm
FYI, this is why I like this trade

Edit: apologies, previous comment that cable was falling was incorrect as I was looking at another chart
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Trading Levels with WRBs
  • #990
  • Feb 19, 2014 11:34pm Feb 19, 2014 11:34pm
+29 Pips and target is achieved. Today i was feeling much better so i decided to trade.

I placed trade little early. I think i should wait for PA to move little more down but i had feeling that there could be quick drop.
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Love for all; Hatred for none.
  • #991
  • Feb 19, 2014 11:42pm Feb 19, 2014 11:42pm
Was away from the screen so missed this opportunity

EY short

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  • #992
  • Feb 19, 2014 11:54pm Feb 19, 2014 11:54pm
Quick 18 pips on EJ after BBSqueeze with arrow and stochs down, TVI going negative...although a bit of a quick exit as it's Frankie and left a few pips on the table...
Attached Image (click to enlarge)
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  • #993
  • Feb 20, 2014 12:10am Feb 20, 2014 12:10am
Pretty big gap in the Euro on my charts with the news.

Took a quick 23pips from GA short on LO.

Attached Image (click to enlarge)
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  • #994
  • Feb 20, 2014 12:12am Feb 20, 2014 12:12am
Quoting occamsrazors
Quick 18 pips on EJ after BBSqueeze with arrow and stochs down, TVI going negative...although a bit of a quick exit as it's Frankie and left a few pips on the table... {image}
Great entry
  • #995
  • Feb 20, 2014 12:24am Feb 20, 2014 12:24am
Well GJ outperforms as my favorite besides Gold

High sell Volume and a very flat TVI were showing the sell direction!

TP1 +13
TP2 & 3 +21 / +21

A nice start in the day with 55 pips in the bank

Attached Image (click to enlarge)
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  • #996
  • Feb 20, 2014 12:33am Feb 20, 2014 12:33am
Quoting aahmad29
Good Set up. I can scalp until UJ price reaches 101.22 (Which is my last target) {image}
Hi Aamad29

I got the Waddah Explosion indie yesterday but I'm wondering which settings you use?
Let it turn and find your entry.
  • #997
  • Feb 20, 2014 12:59am Feb 20, 2014 12:59am
Quoting occamsrazors
Quick 18 pips on EJ after BBSqueeze with arrow and stochs down, TVI going negative...although a bit of a quick exit as it's Frankie and left a few pips on the table... {image}

Hi occamsrazors

Nice trade.

What is the name of the the indicator that makes the blue on your price chart.Its the solid line that declined right after the drop

What do you use it for.

Regards

Renaldo
We miss 100% of the shots we don't take
  • #998
  • Feb 20, 2014 1:27am Feb 20, 2014 1:27am
Quoting Rooi
{quote} Hi occamsrazors Nice trade. What is the name of the the indicator that makes the blue on your price chart.Its the solid line that declined right after the drop What do you use it for. Regards Renaldo
Thanks Renaldo, that is the M30 10SMA drawn on the M1 chart. I use an indi called 'All MTF MA', it allows you to draw MAs, esp EMAs, from a higher TF on a lower TF properly, and it draws them in steps which is pleasing to my eye for some weird reason!

It just gives me trend, I try to trade long above it and short below, but will trade against it with good reason eg a divergence
  • #999
  • Edited 2:01am Feb 20, 2014 1:40am | Edited 2:01am
+15 on 2 trades

A little bit of back to basics as all these lines are hurting my eyes again.

Keeping the TVI and Arrow(shows the Matrix lining up if im correct so there is plenty of info in the arrows.




Rooi
:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: 20 02 2014 T1.png Size: 27 KB
We miss 100% of the shots we don't take
  • #1,000
  • Feb 20, 2014 2:04am Feb 20, 2014 2:04am
Quoting occamsrazors
{quote} Thanks Renaldo, that is the M30 10SMA drawn on the M1 chart. I use an indi called 'All MTF MA', it allows you to draw MAs, esp EMAs, from a higher TF on a lower TF properly, and it draws them in steps which is pleasing to my eye for some weird reason! It just gives me trend, I try to trade long above it and short below, but will trade against it with good reason eg a divergence
Makes sense and I can understand why you use it

Always try to understand everyone chart fully.

Nice and happy pipping
We miss 100% of the shots we don't take
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