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Multiple Time Frame Stochastic trading using 1min charts

  • #1,541
  • Mar 27, 2014 2:45am Mar 27, 2014 2:45am
GM - thank's Guys for your kind comments.....its not the first time that person has had a go at me. If seniors dont make the effort help the new people in a thread then FF will soon run out of posters and wither away too....

Back to the important things.....another difficult FO .....I am long GU as it tested yesterdays resistance and todays DP in the 6565 area and there is UK news in a couple of hours....
Trading Levels with WRBs
  • #1,542
  • Edited 2:57am Mar 27, 2014 2:47am | Edited 2:57am
I am short EA from 1.4913

1/2 off +6, SL be+1.....breaks through roundie or out.

well, that was a quick SL....+1 remainder
  • #1,543
  • Mar 27, 2014 3:02am Mar 27, 2014 3:02am
Rooi, I am not making much headway but thanks to Islander and his BB pinch I am getting better at waiting for a HPT trade as opposed to jumping on every little move.

Islander, if you care to won't you kindly explain how you use the Sonic volume indicator to assist entries and exits. It has so far escaped my feeble little mind.

Thanks
When all conditions are met - Enter trade - sit back and FRET !!!
  • #1,544
  • Mar 27, 2014 3:03am Mar 27, 2014 3:03am
The low at 7:27 was a very high volumed hammer which I viewed as a fakeout, so I bought in the next bar....the stochs were positive as was the TVI and there was also a 5m green arrow.

At the high, the fast stoch was already heading down, so I put my SL just under that candle and got taken out for 8 pips....

Now to see what LO brings....
Attached Image (click to enlarge)
Click to Enlarge Name: mar27 gu 1m 0756.png Size: 35 KB
Trading Levels with WRBs
  • #1,545
  • Edited 3:42am Mar 27, 2014 3:17am | Edited 3:42am
Quoting Islander
The low at 7:27 was a very high volumed hammer which I viewed as a fakeout, so I bought in the next bar....the stochs were positive as was the TVI and there was also a 5m green arrow. At the high, the fast stoch was already heading down, so I put my SL just under that candle and got taken out for 8 pips.... Now to see what LO brings.... {image}
I too lost on my first trade -12 gj short. Got taken out by a pip and then went in my direction. . Sometimes I think those market makers have something against me LOL. Update: The chart I forgot to post to my original comment. Do you mind if I post 5 minute charts in your thread ROOI?
Attached Image (click to enlarge)
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  • #1,546
  • Mar 27, 2014 3:29am Mar 27, 2014 3:29am
From FO onwards I am always busy and rarely have time to post......I will do so later when the European Session quitens down....
Trading Levels with WRBs
  • #1,547
  • Mar 27, 2014 3:47am Mar 27, 2014 3:47am
I took two trades (1 EU & 1 GU, both short) right before FO for all together 24 Pips.

@Rooi, if you dont mind, I can post my charts here, because its a different M1 System...
  • #1,548
  • Mar 27, 2014 4:06am Mar 27, 2014 4:06am
I waited for the pull back and then bought. Later, look at the fast stoch turning down as price gets up to and stalls at MS1.....tight SL under that small red doji and I am taken out for 10 pips....

Of course, with hindsight I should have been trading EJ earlier.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #1,549
  • Mar 27, 2014 4:56am Mar 27, 2014 4:56am
Quoting jsf
Rooi, I am not making much headway but thanks to Islander and his BB pinch I am getting better at waiting for a HPT trade as opposed to jumping on every little move. Islander, if you care to won't you kindly explain how you use the Sonic volume indicator to assist entries and exits. It has so far escaped my feeble little mind. Thanks
I just use the coloured volume bars as an alert to look closely at what's happening. Increasing tick volume is increasing activity and so this tells us to pay attention.

I use this more when price has moved close to "a level" on a chart.....the level may be a sweet spot, a pivot level or a S&R zone and I will often take some profits. In 1m trading we need to be nimble and banking 10 or so pips does wonders for our moral and account balance
Trading Levels with WRBs
  • #1,550
  • Mar 27, 2014 7:05am Mar 27, 2014 7:05am
I am done for the night. Not a good start but ended on a positive note 7 pips positive as price broke R2. Hope everyone is doing well grabbing some pips. -13 +20
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  • #1,551
  • Mar 28, 2014 2:02am Mar 28, 2014 2:02am
GM - yesterday was another narrow ranged day and the Australasian session has been no better ......will Freaky Friday bring some volatility......UK data in 2 1/2 hours....
Trading Levels with WRBs
  • #1,552
  • Mar 28, 2014 2:05am Mar 28, 2014 2:05am
Quoting Islander
GM - yesterday was another narrow ranged day and the Australasian session has been no better ......will Freaky Friday bring some volatility......UK data in 2 1/2 hours....
GM

Hope so too

Rooi
We miss 100% of the shots we don't take
  • #1,553
  • Mar 28, 2014 2:17am Mar 28, 2014 2:17am
Quoting Islander
{quote} I just use the coloured volume bars as an alert to look closely at what's happening. Increasing tick volume is increasing activity and so this tells us to pay attention. I use this more when price has moved close to "a level" on a chart.....the level may be a sweet spot, a pivot level or a S&R zone and I will often take some profits. In 1m trading we need to be nimble and banking 10 or so pips does wonders for our moral and account balance
GM all and thanks Islander, will try to see how to implement.
When all conditions are met - Enter trade - sit back and FRET !!!
  • #1,554
  • Mar 28, 2014 3:06am Mar 28, 2014 3:06am
I have had enough for this week.Really Sh!t PA in my opinion.

Hope nobody was long EJ

Im done for the week with a - 2 for today (still up for the week though)

Enjoy the weekend

Rooi
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #1,555
  • Mar 28, 2014 3:15am Mar 28, 2014 3:15am
Lucky trade took a lot longer than I expected +35

But I have to concur, this week has been a roller coaster of note!
Attached Image (click to enlarge)
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When all conditions are met - Enter trade - sit back and FRET !!!
  • #1,556
  • Mar 28, 2014 3:21am Mar 28, 2014 3:21am
Quoting Rooi
I have had enough for this week.Really Sh!t PA in my opinion. Hope nobody was long EJ Im done for the week with a - 2 for today (still up for the week though) Enjoy the weekend Rooi {image}
agreed - the best moves have been Aud / Nzd based.....or UsdTry which I am playing with...

These LO spikes are also difficult to read....

Have a good one....
Trading Levels with WRBs
  • #1,557
  • Mar 28, 2014 3:55am Mar 28, 2014 3:55am
Morning, on GU again today, initially thought today may be different starting off with a profitable trade for a change but Islander's comment about about Freaky Friday was lurking all the time.
Looked at the signal just before London but by the time price started to move the 8am german regional CPI news was imminent so left it. After 2 bad euro releases earlier the pound held quite well but combined london open and german CPI isn't tradeable for me. But well done JSF, you're a much braver man than I.
This week not the best result but month only slightly short of target. Now at end of first quarter of year and I have to say trading G1m exclusively has proved to be a very good decision.
Good week-end everyone, strada.

Apologies, on the chart the profit for Trade 1 shows 16, it should of course be 12. Does this mean it's time to start using a calculator??
Attached Image (click to enlarge)
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  • #1,558
  • Mar 28, 2014 4:45am Mar 28, 2014 4:45am
Quoting Islander
{quote} agreed - the best moves have been Aud / Nzd based.....or UsdTry which I am playing with... These LO spikes are also difficult to read.... Have a good one....
We have local elections on Sunday, here in Turkey. Monday would be a very volatile day.
Imparo ancora
  • #1,559
  • Mar 28, 2014 5:09am Mar 28, 2014 5:09am
Quoting Rooi
I have had enough for this week.Really Sh!t PA in my opinion. Hope nobody was long EJ Im done for the week with a - 2 for today (still up for the week though) Enjoy the weekend Rooi {image}
Whilst I agree ...

Billy Conolly once famously said "there's no such thing as bad weather just crap clothing" or words to same effect. The same is true here; this had been a sorely testing week by anyones standards (if I just count pips I end the week negative, if I count profit I'm comfortably up). It has however been an excellent week for testing systems and discipline. I made a number of changes this week to how I trade and have yet to review in detail the impact of each but I will be looking in depth at how my rule and process changes impacted. This week avoiding the whips and capital preservation were key, it was more about the trades I avoided than the trades I took - ie discipline and application of rules. I like islanders trade sheet - I had been using a table to record mine (I also collect my analysis on ones I do not take as well to check logic later). This was (is) a great week for proving systems and their application. PA was so erratic I stopped worrying about making profit earlier in the week after getting a good run that got my target for the week and switched to trading micro lots just to test out planned changes. Just need a decent set up and run to end the week on now....
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #1,560
  • Mar 28, 2014 6:47am Mar 28, 2014 6:47am
Quoting erksa
{quote} We have local elections on Sunday, here in Turkey. Monday would be a very volatile day.
Thanks for the info .....I must say that trading UsdTry reminds me of the old days when GJ was ~the 250 level with daily ranges ~ 350 pips.....
Trading Levels with WRBs
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