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Multiple Time Frame Stochastic trading using 1min charts

  • #1,381
  • Mar 14, 2014 6:43am Mar 14, 2014 6:43am
Quoting panamamike
{quote} So you only use the ASCTrend1Arrow and the TVI2 and do not even bother with MTF matrix at all? Do you only use the alert on the 1min charts?
Correct, I removed the matrix as the TVI and the ASCTrend are IMO sufficient and as I have said, the TVI actually gives three separate signals. I only set the ASCT popup to active on my 1m charts, its passive on my 5m.

PS I do of course have higher TF charts, including printed out 4hr charts pinned to the wall behind my monitors....I update these by hand every morning....
Trading Levels with WRBs
  • #1,382
  • Mar 14, 2014 6:47am Mar 14, 2014 6:47am
Thanks Islander,

Have a great weekend. I am packing up to head to the beach
  • #1,383
  • Mar 14, 2014 6:48am Mar 14, 2014 6:48am
Quoting huskyboy
{quote} Thanks again, something to do during the week-end; AsctTrend set at 8 i believe? Enjoy your pool, enjoy the week-end and to some "geniet die naweek"
Correct.....too early here for pools and we also have some nasty caterpillars that leave hairs that itch like mad, so clean up etc during April.

Y lo siento, yo hablo Castillaņo, pero no Afrikaans....
Trading Levels with WRBs
  • #1,384
  • Mar 14, 2014 7:17am Mar 14, 2014 7:17am
Quoting Islander
{quote} Correct.....too early here for pools and we also have some nasty caterpillars that leave hairs that itch like mad, so clean up etc during April. Y lo siento, yo hablo Castillaņo, pero no Afrikaans....
set to 8 for both 1 and 5 min? Is there an explanation of what the risk factor calculates?
  • #1,385
  • Mar 14, 2014 7:29am Mar 14, 2014 7:29am
Quoting panamamike
{quote} set to 8 for both 1 and 5 min? Is there an explanation of what the risk factor calculates?
I use 6 on the 5m.....I have not seen one. For me, it is just a nice alert that doesn't fire off as much as the price crossing an EMA that I used before.
Try different settings to find which is best for you
Trading Levels with WRBs
  • #1,386
  • Mar 14, 2014 7:39am Mar 14, 2014 7:39am
Quoting Islander
{quote} Correct.....too early here for pools and we also have some nasty caterpillars that leave hairs that itch like mad, so clean up etc during April. Y lo siento, yo hablo Castillaņo, pero no Afrikaans....



Afrikaans is of vital importance BUT if you dont speak it THEN Eso no es problem.I tienen un traductor para espaņol.


Rooi
We miss 100% of the shots we don't take
  • #1,387
  • Mar 14, 2014 7:57am Mar 14, 2014 7:57am
I have some questions about the different Stochastics indicators in use here and the different settings. I found all theese versions posted in this thread:

!UltraStochastics
!UltraStochastics color line
AllStochasticsAuto
ColorStochastic 1.04

And some is using 11,3,3 setting, others 8,3,3.

autobotsgo is using M1 charts with UltraStochasticsColor, on M5 and M30
rooi is using M1 charts with UltraStochasticsColor with D line hidden, on M5 and M15

Is this thread strictly to chart at M1 timeframe? Does it work on M5? Should the stochs be the same or adjusted in some way when trading both M1 and M5 charts?
  • #1,388
  • Mar 14, 2014 8:08am Mar 14, 2014 8:08am
Quoting LFN
I have some questions about the different Stochastics indicators in use here and the different settings. I found all theese versions posted in this thread: !UltraStochastics !UltraStochastics color line AllStochasticsAuto ColorStochastic 1.04 And some is using 11,3,3 setting, others 8,3,3. autobotsgo is using M1 charts with UltraStochasticsColor, on M5 and M30 rooi is using M1 charts with UltraStochasticsColor with D line hidden, on M5 and M15 Is this thread strictly to chart at M1 timeframe? Does it work on M5? Should the stochs be the same or...

Everybody has their own opnion and prefrance.This thread's name is 1min bla bla bla BUT you can post 5min charts and trades and ideas as we all work on higher time frames anyway.PA is fractal after all 1min is 5min is 1hr etc

I have that setup that you mentioned but also do my "normal" daily alanylisis on the 5min/1hr/Daily but its no compulsory for trading 1min chart.(My opinion )

Just set the MTF stoch to 1hr and 4hr if you want to trade 15min chart or any combination of TF you like

Islander and them use the 30min stoch I think.Depending on what you want your trading time frame to be?

Hope that helps
We miss 100% of the shots we don't take
  • #1,389
  • Edited 8:24am Mar 14, 2014 8:10am | Edited 8:24am
Quoting Rooi
{quote} Afrikaans is of vital importance BUT if you dont speak it THEN Eso no es problem.I tienen un traductor para espaņol. Rooi
Nah - I was told that as long as I understood about taking bier and a pretty girl to the braai I'd get along fine.....

y tu traductor tiene un defecto....Yo tengo un traductor....
Trading Levels with WRBs
  • #1,390
  • Mar 14, 2014 8:18am Mar 14, 2014 8:18am
Pirated a few whilst waiting for NYO 2 - the NYSE .....note the pinch
Attached Image (click to enlarge)
Click to Enlarge Name: mar14 ej 1m 1315.png Size: 34 KB
Trading Levels with WRBs
  • #1,391
  • Mar 14, 2014 8:20am Mar 14, 2014 8:20am
Quoting Islander
{quote} Nah - I was told that as long as I understood about taking bier and a pretty girl to the braai I'd get along fine..... y tu traductor tien un defecto....Yo tengo un traductor....

LOL - google translate embarrassed me didnt it

Well generally if you are British then the beer drinking and pretty girls are not a problem.

Listen I have to run out for a bit.Will be back later. If you are not here when I get back then all the best for the weekend seeing as summer is vacating
Cape Town and taking all the beer drinking and braaing weather over to your side.

All the Best

Rooi
We miss 100% of the shots we don't take
  • #1,392
  • Mar 14, 2014 9:43am Mar 14, 2014 9:43am
My last post for today....the green time lines are GMT +2 and are at the arrows. When the alert pops up, check to see if it fits YOUR entry criteria, if so, take the trade, bank some pips when it stalls and enter again after its "rested" and got back to the area of 25 EMA .... exit all at your target.....

A good weekend to all - hope you guys in SA have the weather for it too....
Attached Image (click to enlarge)
Click to Enlarge Name: mar14 1m multi 1430.png Size: 102 KB
Trading Levels with WRBs
  • #1,393
  • Mar 15, 2014 3:39pm Mar 15, 2014 3:39pm
Quoting huskyboy
{quote} great result and with your own trading style
Thanks. Many times i am at my work so i use teamviewer to look at my Desktop chart and try to manage the trades otherwise close the trade early.
Love for all; Hatred for none.
  • #1,394
  • Mar 15, 2014 3:40pm Mar 15, 2014 3:40pm
Quoting Islander
{quote} Nicely done
Thanks.
Love for all; Hatred for none.
  • #1,395
  • Mar 16, 2014 12:34pm Mar 16, 2014 12:34pm
EU

1.4000 Is Psychological resistance and break above 1.4020 can go to 1.4140

1.3833 is acting as support and break below this value can bring consolidation area between 1.3800 and 1.3833. (My favorite area).

Break below 1.3800 can go to 1.3707.
Love for all; Hatred for none.
  • #1,396
  • Mar 16, 2014 4:33pm Mar 16, 2014 4:33pm
Quoting huskyboy
{quote} Thanks again, something to do during the week-end; AsctTrend set at 8 i believe? Enjoy your pool, enjoy the week-end and to some "geniet die naweek"
Captain,

Likewise have a good read (homework or pleasure) ?. Out of interest have tried 8,3,3 on the M5, rather than 11,3,3..?

Best all
  • #1,397
  • Mar 17, 2014 2:24am Mar 17, 2014 2:24am
Morning all

+12

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: 17 03 2014 T1.png Size: 28 KB
We miss 100% of the shots we don't take
  • #1,398
  • Mar 17, 2014 2:38am Mar 17, 2014 2:38am
Quoting Rooi
Morning all +12 Rooi {image}

GM - snap - EU and EJ were the better sells...
Trading Levels with WRBs
  • #1,399
  • Mar 17, 2014 2:42am Mar 17, 2014 2:42am
Quoting Islander
{quote} GM - snap - EU and EJ were the better sells...

Yip

I just need to hold it a bit better but Monday mornings can be a bit thin sometimes so just took what I had for now.

Rooi
We miss 100% of the shots we don't take
  • #1,400
  • Mar 17, 2014 3:10am Mar 17, 2014 3:10am
Quoting Rooi
{quote} Yip I just need to hold it a bit better but Monday mornings can be a bit thin sometimes so just took what I had for now. Rooi
Working out how to stay with these 1m swings is difficult - bank safe pips or look for more - catch 22......once the trade is moving I look at both EU and UJ on 1m, 5m and 15m and try to work out what MIGHT happen.....

I bought EJ in the 8:05 bar....
Trading Levels with WRBs
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