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Multiple Time Frame Stochastic trading using 1min charts

  • #1,281
  • Mar 6, 2014 1:56pm Mar 6, 2014 1:56pm
Hello aahmad,

Thanks for your encouragement. You had 152 pips for the week....., that is very very great.
I had to make up my mind because I know that according to the system a lot pips
can be harvested if one has decided to go for it. However, I still could have scalped 10 pips and 20 pips if wanted.
But I had decided that I was going to stay in the trade as long as the trend does not change or as long as my DMI does not tell me to get out.

Let us see what RBA gonna bring at 5:30PM Eastern today. Let us also see what NFP gonna bring tomorrow.

Good trading.
  • #1,282
  • Mar 6, 2014 8:51pm Mar 6, 2014 8:51pm
Quoting maxwell-eqtn
That is how I "scalped" 170-pips today from vertical aqua to vertical Magenta. It was a good run, but needed lots of mind determination and patience {image}
nice one.though i wonder how you didn't get stop out at BE or something since your position already up by 20+ and price spike down during EU bid rate.
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i'm taking risk too.entering before ECB Press with tight stop below magenta.almost hit by 1 pip but i guess i'm lucky.i manage to lock +1 a minute before impact.though i exit to early.according to my extit strategy i should get at least 100 instead of 80 but i was to sleepy already.can't keep my eyes open.anyway i'm still learning with lower time frame
Don't mind me.. i'm crazy
  • #1,283
  • Mar 7, 2014 12:21am Mar 7, 2014 12:21am
Attachment Attachment
Quoting purevenom
{quote} nice one.though i wonder how you didn't get stop out at BE or something since your position already up by 20+ and price spike down during EU bid rate. {image} i'm taking risk too.entering before ECB Press with tight stop below magenta.almost hit by 1 pip but i guess i'm lucky.i manage to lock +1 a minute before impact.though i exit to early.according to my extit strategy i should get at least 100 instead of 80 but i was to sleepy already.can't keep my eyes open.anyway i'm still learning with lower time frame
Hello Purevenom, Nice chart.
You could have made morethan 100pips with your chart by just buying or adding positions at the vertical aqua colored lines when CCI crossed Zero, then exiting when CCI touched te bottom horizontal line in your chart i.e. where I drew the Red vertical line. you also could have bought only when your Stoch 8, 3, 3 crossed above 80 going up and exited when it crossed 80 going down.

Shalom!
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  • #1,284
  • Mar 7, 2014 12:21am Mar 7, 2014 12:21am
No More trades. See you all on Monday.

Happy Weekend everyone.

Regards
Love for all; Hatred for none.
  • #1,285
  • Mar 7, 2014 1:03am Mar 7, 2014 1:03am
Quoting aahmad29
No More trades. See you all on Monday. Happy Weekend everyone. Regards

Nicely done for the week

Enjoy your pips

We miss 100% of the shots we don't take
  • #1,286
  • Mar 7, 2014 2:03am Mar 7, 2014 2:03am
GM - after yesterdays big moves I am expecting a quiet morning in front of the NFP data.....so I pirated ~ 10 pips earlier from a sell in cable and another 10 or so from this buy in €.....a couple more like this and I will call it a morning...

Note here how the M30 stoch - the purple line on the 15m chart - has been heading up since ~5am and that the M15 stoch on the 5m chart turned up early in FH thus supporting the signal from the 1m chart....

PS I did not even consider buying EJ because UJ was heading down...
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Trading Levels with WRBs
  • #1,287
  • Mar 7, 2014 2:24am Mar 7, 2014 2:24am
First time this week/month I get to trade the whole FO and LO but couldn't do much with it

Like islander said.Nothing much to trade on my beloved EJ (allthough it moving now )

+2.3 for today

Wrapping it up for the week

All the best to you guys and happy NFP day

Rooi
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We miss 100% of the shots we don't take
  • #1,288
  • Mar 7, 2014 4:00am Mar 7, 2014 4:00am
I am done for the night Didn't expect to have my best day this week on an upcoming nfp announcement approaching shortly. Expected major consolidation like last night euro session. Have a great weekend!!
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  • #1,289
  • Mar 7, 2014 4:47am Mar 7, 2014 4:47am
Quoting gkawa22
I am done for the night Didn't expect to have my best day this week on an upcoming nfp announcement approaching shortly. Expected major consolidation like last night euro session. Have a great weekend!! {image}

Nicely done
We miss 100% of the shots we don't take
  • #1,290
  • Mar 7, 2014 5:48am Mar 7, 2014 5:48am
Quoting Rooi
First time this week/month I get to trade the whole FO and LO but couldn't do much with it Like islander said.Nothing much to trade on my beloved EJ (allthough it moving now ) +2.3 for today Wrapping it up for the week All the best to you guys and happy NFP day Rooi {image}

In EJ the monthly Pivot got hit at 143.17. That was about 40 pips scalped right there...!
So Where are we going now...., back down or continue upwards??
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  • #1,291
  • Mar 7, 2014 5:52am Mar 7, 2014 5:52am
Quoting maxwell-eqtn
{quote} In EJ the monthly Pivot got hit at 143.17. That was about 40 pips scalped right there...! So Where are we going now...., back down or continue upwards?? {image}
probably + & - 30/50 pips to take out all of the close stops....
Trading Levels with WRBs
  • #1,292
  • Mar 7, 2014 5:57am Mar 7, 2014 5:57am
Quoting Islander
{quote} probably + & - 30/50 pips to take out all of the close stops....

I am with you on that Islander. The NFP is very unpredictable. It will most of the time seek to clean up the stop losses +/- 50pips before picking a direction.
  • #1,293
  • Mar 7, 2014 6:40am Mar 7, 2014 6:40am
Hey, Islander,

I looked at the H4/Daily charts and they show that the bands are somehow horizontal and are sloping down a little bit. The candles have closed above the upper band and hit the monthly pivot. You think it is time that EJ shoot back downward???

If EJ is going downward then the target should be around 137.77, it may take about a month or so to get down there. If it shoots up then I am targeting about 145. 26. We therefore see that there is more room to travel downward than upward.

What are your thoughts on this instrument?
  • #1,294
  • Mar 7, 2014 7:06am Mar 7, 2014 7:06am
Quoting maxwell-eqtn
Hey, Islander, I looked at the H4/Daily charts and they show that the bands are somehow horizontal and are sloping down a little bit. The candles have closed above the upper band and hit the monthly pivot. You think it is time that EJ shoot back downward??? If EJ is going downward then the target should be around 137.77, it may take about a month or so to get down there. If it shoots up then I am targeting about 145. 26. We therefore see that there is more room to travel downward than upward. What are your thoughts on this instrument?

I am not a long term trader, so sorry I am not the person to ask.

However, I am watching the 103.20 area in UJ and any 4hr / daily close above that area would be positive for all Yen crosses. Likwise, closing above the 1.3925 area in EurUsd suggests higher prices.

Lets see what NFP brings....
Trading Levels with WRBs
  • #1,295
  • Mar 7, 2014 7:17am Mar 7, 2014 7:17am
Quoting Islander
{quote} I am not a long term trader, so sorry I am not the person to ask. However, I am watching the 103.20 area in UJ and any 4hr / daily close above that area would be positive for all Yen crosses. Likwise, closing above the 1.3925 area in EurUsd suggests higher prices. Lets see what NFP brings....

Thanks for your input. I am not a long term trader either. I just look at the higher time frames and try to decide which direction it is heading. Then I try to catch the wave in the lower time frame. Anyway let us watch the NFP.

Shalom
  • #1,296
  • Mar 7, 2014 7:56am Mar 7, 2014 7:56am
10+ on my 1st trade at the red vertical line. Hopefully more to come in the days ahead.
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  • #1,297
  • Mar 7, 2014 8:09am Mar 7, 2014 8:09am
That is crazy. How can i do that. I totally forgot to delete my two pending orders and when i woke up to just check the reaction of NFP which i was expecting downward, i found my open position but in positive pips. I have closed both orders.

1. 50 pips
2. 7 Pips

This week total = 209 Pips

Happy Weekend.
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Love for all; Hatred for none.
  • #1,298
  • Mar 7, 2014 8:13am Mar 7, 2014 8:13am
One question

Does someone have the "MA Ribbon" indi with crossover alert?
Just searched the forum but couldn't find it
  • #1,299
  • Mar 7, 2014 8:19am Mar 7, 2014 8:19am
Quoting Jeffray
One question Does someone have the "MA Ribbon" indi with crossover alert? Just searched the forum but couldn't find it

look for a MA crossover with alert and set its colours to "none" with width set to "1".....
Trading Levels with WRBs
  • #1,300
  • Mar 7, 2014 8:27am Mar 7, 2014 8:27am
Quoting aahmad29
That is crazy. How can i do that. I totally forgot to delete my two pending orders and when i woke up to just check the reaction of NFP which i was expecting downward, i found my open position but in positive pips. I have closed both orders. 1. 50 pips 2. 7 Pips This week total = 209 Pips Happy Weekend. {image}

Wow aaahmad !!

Sometimes luck come in an unespected avalanche you know. This is the season to SPRING forward and you keep it up. You have a nice looking chart there. Is'nt mtm stoch great???
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