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Multiple Time Frame Stochastic trading using 1min charts

  • #1,461
  • Mar 20, 2014 3:13am Mar 20, 2014 3:13am
Quoting aahmad29
{quote} {quote} Both of you are very good at FO/LO. I am impressed.
Thanks - I've been trading this time of the day for a few years now.....

Sold EU in the 7:56 bar, banked 8:09 after it failed to break its 7:04 low.....

PS I missed the buy at 7:25 in GJ
Trading Levels with WRBs
  • #1,462
  • Mar 20, 2014 3:45am Mar 20, 2014 3:45am
Quoting Rooi
{quote} Well done Nicely working your way to the top Do you ever think about compounding ?
Compounding? I am sorry, i know i have +5 years experience in forex but i am not aware of this term. Please can you explain about it or send me the link where info is given about this term.

Regards
Love for all; Hatred for none.
  • #1,463
  • Mar 20, 2014 3:46am Mar 20, 2014 3:46am
Quoting Islander
{quote} Thanks - I've been trading this time of the day for a few years now..... Sold EU in the 7:56 bar, banked 8:09 after it failed to break its 7:04 low..... PS I missed the buy at 7:25 in GJ
the one that got away.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #1,464
  • Mar 20, 2014 4:18am Mar 20, 2014 4:18am
Quoting aahmad29
{quote} Compounding? I am sorry, i know i have +5 years experience in forex but i am not aware of this term. Please can you explain about it or send me the link where info is given about this term. Regards

All these forums take the principle a bit far but you will get the idea

Basically not risking a set dollar amount per trade but a fixed % of the account per trade.

Im sure you know about this....


http://www.investopedia.com/universi.../beginner2.asp
http://www.forexfactory.com/showthread.php?t=44083
http://forums.babypips.com/newbie-is...ng-effect.html

Hope that helps

Rooi
We miss 100% of the shots we don't take
  • #1,465
  • Mar 20, 2014 4:40am Mar 20, 2014 4:40am
I don-t want to sell any Yen crosses until UJ stops dickering around and turns down

Sold EU earlier and took partials at the BRN and will watch for a pull back towards the 3815-20 S&R area to sell again....
Attached Image (click to enlarge)
Click to Enlarge Name: mar20 eu 1m 0936.png Size: 41 KB
Trading Levels with WRBs
  • #1,466
  • Mar 20, 2014 4:50am Mar 20, 2014 4:50am
Quoting Rooi
{quote} All these forums take the principle a bit far but you will get the idea Basically not risking a set dollar amount per trade but a fixed % of the account per trade. Im sure you know about this.... http://www.investopedia.com/universi.../beginner2.asp http://www.forexfactory.com/showthread.php?t=44083 http://forums.babypips.com/newbie-is...ng-effect.html Hope that helps Rooi
Thanks for info. It is very useful info. I have this plan but i did not have the terms compounding in my mind.

I have started account with $1000 and trading with 0.1. My monthly target is 400 Pips means $400. Once my balance is $2000 then i will start trading 0.2 lot and once my balance is $3000 then i will start trading with 0.3.
Love for all; Hatred for none.
  • #1,467
  • Mar 20, 2014 5:02am Mar 20, 2014 5:02am
Quoting aahmad29
{quote} Thanks for info. It is very useful info. I have this plan but i did not have the terms compounding in my mind. I have started account with $1000 and trading with 0.1. My monthly target is 400 Pips means $400. Once my balance is $2000 then i will start trading 0.2 lot and once my balance is $3000 then i will start trading with 0.3.

That is IMO a good way to trade - 10:1 gearing / leverage with simple compounding ......I use a similar idea, although somewhat more aggressively....
Trading Levels with WRBs
  • #1,468
  • Mar 20, 2014 5:07am Mar 20, 2014 5:07am
I am looking for the 1.3800 level but i will be careful because S1 is at 1.3775. This area can provide consolidation.
Love for all; Hatred for none.
  • #1,469
  • Mar 20, 2014 5:19am Mar 20, 2014 5:19am
Quoting Islander
I don-t want to sell any Yen crosses until UJ stops dickering around and turns down Sold EU earlier and took partials at the BRN and will watch for a pull back towards the 3815-20 S&R area to sell again.... {image}
Nicely done. Your consistency is legend. I quite like your BB squeeze idea. Playing with it. Are you using 25 period with 2 devs?

Trading not typing at the mo.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #1,470
  • Mar 20, 2014 5:30am Mar 20, 2014 5:30am
Quoting revoli
{quote} Nicely done. Your consistency is legend. I quite like your BB squeeze idea. Playing with it. Are you using 25 period with 2 devs? Trading not typing at the mo.
Hi Revoli - good to see you back ......yes, 25 EMA with 2 SD.....and I use it with 20 EMA on the 5m charts.....a good visual aid

Best

Islander

NB EU now into important S&R area 1.3775 / 80.....also 75% of 5 ADR.....

PS closed remainder of EU short in the 10:30 bar...... divergence in TVI at a level.....
Trading Levels with WRBs
  • #1,471
  • Mar 20, 2014 6:40am Mar 20, 2014 6:40am
Been missing out on a lot of trades recently - distractions.

XAUUSD short +71

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  • #1,472
  • Mar 20, 2014 11:12am Mar 20, 2014 11:12am
Just hamstered 17.8 Pips on a MACD divergence on the EU M1 Chart

Attached Image (click to enlarge)
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  • #1,473
  • Mar 21, 2014 2:10am Mar 21, 2014 2:10am
Morning all

+ 10.2

Calling it a day/week

Might be around but not trading

@ Islander
Liking the 25 EMA,will be doing some back testing ( I mean what is a weekend without some back testing )

GL and happy pipping all

Rooi
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #1,474
  • Mar 21, 2014 7:00am Mar 21, 2014 7:00am
Happy Weekend to All

No More trades. See you all on Monday

Monthly Target = 400 Pips

Four Weeks (One Month) Total = 650 Pips
Attached Image (click to enlarge)
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Love for all; Hatred for none.
  • #1,475
  • Edited 9:13am Mar 21, 2014 9:02am | Edited 9:13am
Quoting Rooi
Morning all + 10.2 Calling it a day/week Might be around but not trading @ Islander Liking the 25 EMA,will be doing some back testing ( I mean what is a weekend without some back testing ) GL and happy pipping all Rooi {image}
well only when the weather's pants.....otherwise its limited work over the W/E

I had my camera handy, so took a pic of my workstation - charts and research only, trading platform elsewhere ......lappy lifted for the pic....I update the 4 hr paper charts on the wall by hand every morning........catch you guys on Monday...
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #1,476
  • Mar 21, 2014 9:07am Mar 21, 2014 9:07am
Quoting Rooi
Morning all + 10.2 Calling it a day/week Might be around but not trading @ Islander Liking the 25 EMA,will be doing some back testing ( I mean what is a weekend without some back testing ) GL and happy pipping all Rooi {image}
I agree, whenever i get some free time on weekend then i do some back testing.
Love for all; Hatred for none.
  • #1,477
  • Mar 21, 2014 9:53am Mar 21, 2014 9:53am
Hi Rooi and all, just dropping by to say hello, hope you're well and still enjoying your trading, nice to see the pip gains being made here.

@Islander, your paper charts take me back a bit. Don't know if you were around in the days when that was all we poor retail traders had because the prohibitive expense of charting programmes left us no option. So all plotting done by hand including the calcs for MA's, RSI, MACD, etc. Surprised we had time to determine entries and exits as well (which of course had to be done by phone)!!
Then along came the first computer (with the 5.5" floppy DOS disk). Wow, what an advance that was. Found a graphing programme but still had to manually calculate MA's etc. Then for trendlines and S&R it was elastic bands and string with blue-tac across the front of the screen.
The good old days??? Not on your life!!!!!!!!

@Aahmad29 ~ I like your style of using PA, you clearly have a good understanding of its behaviour with smaller timeframe charts, and especially without the need for using higher tf trends etc. I do likewise, and don't feel the need for such filtering. currently running at losing ratio of less than 20% over all trades taken this year on basic (though aggressive) G1m. Doubt very much any additional filters would improve on that.

Good week-end to all, regards, strada.
  • #1,478
  • Mar 21, 2014 10:20am Mar 21, 2014 10:20am
Quoting strada
Hi Rooi and all, just dropping by to say hello, hope you're well and still enjoying your trading, nice to see the pip gains being made here. @Islander, your paper charts take me back a bit. Don't know if you were around in the days when that was all we poor retail traders had because the prohibitive expense of charting programmes left us no option. So all plotting done by hand including the calcs for MA's, RSI, MACD, etc. Surprised we had time to determine entries and exits as well (which of course had to be done by phone)!! Then along came the...
Thanks for encouragement. I hope that after one year i can also say that "loosing ratio less than 20%" just like you. It took me six years to get the results like my last four weeks result and off course my whole journey also includes failures. In the beginning i was disappointed from failures but then i decide to learn from my mistakes and now i am happy.
Love for all; Hatred for none.
  • #1,479
  • Mar 22, 2014 7:52am Mar 22, 2014 7:52am
Quoting Islander
{quote} well only when the weather's pants.....otherwise its limited work over the W/E I had my camera handy, so took a pic of my workstation - charts and research only, trading platform elsewhere ......lappy lifted for the pic....I update the 4 hr paper charts on the wall by hand every morning........catch you guys on Monday... {image}
Great setup Capt. I would't expect anything less. 3 Screens + charts.
  • #1,480
  • Mar 22, 2014 8:26am Mar 22, 2014 8:26am
Quoting strada
Hi Rooi and all, just dropping by to say hello, hope you're well and still enjoying your trading, nice to see the pip gains being made here. regards, strada.

Hi Strada

Thanks for stopping by

Always good to hear you making profit........Was March another short month for you,did you finish early or will you be trading next week?

All the best

Rooi
We miss 100% of the shots we don't take
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