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Multiple Time Frame Stochastic trading using 1min charts

  • #1,501
  • Mar 25, 2014 3:09am Mar 25, 2014 3:09am
Quoting Rooi
+6.9 Lets see if or what LO can give {image}
+9.8 more in it but to scared to hold on

= 16.7

Thats me for the day

Happy pipping all

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: 25 02 2014 T2.png Size: 30 KB
We miss 100% of the shots we don't take
  • #1,502
  • Mar 25, 2014 3:16am Mar 25, 2014 3:16am
GM - hard work again - I stayed with the major pairs and ignored the yen crosses as UJ is flat.....I entered after the arrows and exited as shown ( increased volumes ~ levels )...I also got a couple from EU.....let's hope the German info at 9am GMT and the UK CPI at 9:30 brings some activity....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #1,503
  • Mar 25, 2014 3:23am Mar 25, 2014 3:23am
Quoting Islander
GM - hard work again -
Yip

I suppose we cant always get the big runners everyday.

GL for the rest of the day

Rooi
We miss 100% of the shots we don't take
  • #1,504
  • Mar 25, 2014 3:38am Mar 25, 2014 3:38am
Are you only opening trades in the trend direction of the asctrend indicator on higher time frames?
Like trading m1 chart only if m1, m5, m15 and even higher tf:s is confirming the direction?
  • #1,505
  • Mar 25, 2014 3:54am Mar 25, 2014 3:54am
Quoting LFN
Are you only opening trades in the trend direction of the asctrend indicator on higher time frames? Like trading m1 chart only if m1, m5, m15 and even higher tf:s is confirming the direction?
If you are asking me, then yes, I prefer to trade in the same direction as the 5m arrow, PROVIDED that the 5m 25ema has some slope showing that there is a trend in place.......as you can see from my multi screen posted a couple of days ago, I continually monitor the 5m charts and regularly check the higher TFs for S&R areas, TLs etc. Waiting for the higher TFs to line up is IMO not necessary for day trading off the 1 min charts.
Trading Levels with WRBs
  • #1,506
  • Mar 25, 2014 5:13am Mar 25, 2014 5:13am
Quoting Islander
{quote} If you are asking me, then yes, I prefer to trade in the same direction as the 5m arrow, PROVIDED that the 5m 25ema has some slope showing that there is a trend in place.......as you can see from my multi screen posted a couple of days ago, I continually monitor the 5m charts and regularly check the higher TFs for S&R areas, TLs etc. Waiting for the higher TFs to line up is IMO not necessary for day trading off the 1 min charts.
I wish I had your discipline. I comitted the cardinal sin of taking a position late (according to my rules) and having to have a larger stop than my rules allow as my gut told me there would be some more pips to come. Unfortunately I was right which is really bad news as it reinforces bad behaviour. So pips up, professionalism down. The touble is a ride like that leaves you somewhat drained so you then miss the sensible set ups. I am thinking of having my rules tattoed to the inside of my eyeballs or maybe some electric shock therapy sent to my desk chair everytime I break a rule.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #1,507
  • Edited 10:50am Mar 25, 2014 10:34am | Edited 10:50am
Quoting revoli
{quote} I wish I had your discipline. I comitted the cardinal sin of taking a position late (according to my rules) and having to have a larger stop than my rules allow as my gut told me there would be some more pips to come. Unfortunately I was right which is really bad news as it reinforces bad behaviour. So pips up, professionalism down. The touble is a ride like that leaves you somewhat drained so you then miss the sensible set ups. I am thinking of having my rules tattoed to the inside of my eyeballs or maybe some electric shock therapy...
LOL - been there, done that too. When I trade by my rules I have an 80% + win rate.......when I break my rules I have an 80%+ loss rate!

I use this simple Trade Sheet for each entry.......when an ASCTrend Alert pops up the numbers 1 - 8 are the items that require a tick to allow an entry.....
1. Is price in a BB Squeeze? 2. Has the 25 EMA changed colour to agree with the Signal Arrow? 3. Is price within x pips of the 25EMA etc.......you can work out the remainder as I've talked about them often.....or use some of your own....

Total 5 out of 8 allows a trade.......
Attached File(s)
File Type: doc Trade Sheet March 2014.doc   20 KB | 388 downloads
Trading Levels with WRBs
  • #1,508
  • Mar 25, 2014 11:19am Mar 25, 2014 11:19am
Quoting Islander
{quote} LOL - been there, done that too. When I trade by my rules I have an 80% + win rate.......when I break my rules I have an 80%+ loss rate! I use this simple Trade Sheet for each entry.......when an ASCTrend Alert pops up the numbers 1 - 8 are the items that require a tick to allow an entry..... 1. Is price in a BB Squeeze? 2. Has the 25 EMA changed colour to agree with the Signal Arrow? 3. Is price within x pips of the 25EMA etc.......you can work out the remainder as I've talked about them often.....or use some of your own.... Total 5 out...
What MA indicator is it you are using that changes color?
  • #1,509
  • Mar 25, 2014 11:55am Mar 25, 2014 11:55am
Another Victory in the battle field. Buyers win.

+23 and +14, Two Trades

Total Pips for current week = 87

Weekly Target = 100 Pips
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Love for all; Hatred for none.
  • #1,510
  • Mar 25, 2014 12:04pm Mar 25, 2014 12:04pm
Quoting panamamike
{quote} What MA indicator is it you are using that changes color?
this one......
Attached File(s)
File Type: ex4 AllAverages_v2.1 cc.ex4   21 KB | 307 downloads
Trading Levels with WRBs
  • #1,511
  • Mar 25, 2014 12:10pm Mar 25, 2014 12:10pm
Quoting aahmad29
Another Victory in the battle field. Buyers win. +23 and +14, Two Trades Total Pips for current week = 87 Weekly Target = 100 Pips {image}
One thing is sure that my next battle buyers will win because i am supporting them on certain levels.
Love for all; Hatred for none.
  • #1,512
  • Mar 25, 2014 12:29pm Mar 25, 2014 12:29pm
Quoting aahmad29
{quote} One thing is sure that my next battle buyers will win because i am supporting them on certain levels.
Another victory for buyer as i said.

+26 more pips

Total for this week so far = 113 Pips

Weekly target achieved =100 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 87 KB
Love for all; Hatred for none.
  • #1,513
  • Mar 25, 2014 1:24pm Mar 25, 2014 1:24pm
Again i will be with buyers on certain level if stoch gave me permission.
Love for all; Hatred for none.
  • #1,514
  • Mar 25, 2014 2:34pm Mar 25, 2014 2:34pm
[Quote = aahmad29; 7363066] {quote} Un'altra vittoria per il compratore come ho detto. 26 pił pips totali per questa settimana finora = 113 Pips bersaglio settimanale raggiunto = 100 Pips {image} [/ quote]

Compliments Trade although I still do not understand the logic.
  • #1,515
  • Mar 25, 2014 3:13pm Mar 25, 2014 3:13pm
Quoting Matrix8756
[Quote = aahmad29; 7363066] {quote} Un'altra vittoria per il compratore come ho detto. 26 pił pips totali per questa settimana finora = 113 Pips bersaglio settimanale raggiunto = 100 Pips {image} [/ quote] Compliments Trade although I still do not understand the logic.
My trades are when M5 and M15 stoch is at OB/OS + Study of PA. Level "00" is very important for me e.g. 1.3800. I take advantage when price is going towards "00" level or price going away from "00" level.

If you look at my trades in post "1512", my all trades are at 1.3800 Level.

Short Position : M5 and M15 Stoch is at Overbought "at level 80" + Study of PA

Long Position : M5 and M15 Stoch is at Oversold "at level 20" + Study of PA.
Love for all; Hatred for none.
  • #1,516
  • Mar 26, 2014 2:56am Mar 26, 2014 2:56am
+7.9

Struggling with the PA this week.

Hope you guys caught more of it than me

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: 26 03 2014 T1.png Size: 29 KB
We miss 100% of the shots we don't take
  • #1,517
  • Mar 26, 2014 3:06am Mar 26, 2014 3:06am
Quoting Rooi
+7.9 Struggling with the PA this week. Hope you guys caught more of it than me Rooi {image}
GM - PA has been difficult for the last few days as the ranges contract .....I too bought GU and took partials at the MR 1.....now looking at the **50 level and then the big offers ~the 6566 level....

PS If I may say, why exit whilst there are still wider ranged solid green (white) candles?
Trading Levels with WRBs
  • #1,518
  • Mar 26, 2014 3:12am Mar 26, 2014 3:12am
Quoting Islander
{quote} GM - PA has been difficult for the last few days as the ranges contract .....I too bought GU and took partials at the MR 1.....now looking at the **50 level and then the big offers ~the 6566 level.... PS If I may say, why exit whilst there are still wider ranged solid green (white) candles?
Nicely done

In time I will learn to hold for longer as well.

Thanks for sharing your trades and showing your discipline to hold till there is weakness

I just jump on the profit as soon as I see it.Not really the best way to go about it.

The change will take time.Just need to learn to "trust" the 25ema more I suppose

Rooi
We miss 100% of the shots we don't take
  • #1,519
  • Mar 26, 2014 3:20am Mar 26, 2014 3:20am
I am usually exiting part when the low (high) of the previous candle is broken, especially if around a level / S&R area

Also note the high volume in that red doji that tested yesterdays high and the **50 level....TVI falling too
Attached Image (click to enlarge)
Click to Enlarge Name: mar26 gu 1m 0815.png Size: 35 KB
Trading Levels with WRBs
  • #1,520
  • Mar 26, 2014 3:21am Mar 26, 2014 3:21am
Quoting Islander
{quote} PS If I may say, why exit whilst there are still wider ranged solid green (white) candles?
I was just asking myself the same thing.

Been so choppy that I almost just want to take the money and run but I have made a note of it and the color change is very useful and important in this regard.Will have a look through the last couple of weeks to get some confidence in it.

Eliminating one little mistake like this every week is the only/best way to work on become a more rounded trader.(at least thats how I see it)

Thanks for the tip captain

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