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Multiple Time Frame Stochastic trading using 1min charts

  • #1,601
  • Edited 1:28am Apr 1, 2014 12:56am | Edited 1:28am
Morning all

News every 15min for the FH so EJ might be jumpy.

GU news after LO so might be slow going till then

No preference yet looking closer at GU

Rooi






Edit : all news only after LO - My watch is slow.People in the north changing the time confuses simple folks like me
We miss 100% of the shots we don't take
  • #1,602
  • Apr 1, 2014 1:05am Apr 1, 2014 1:05am
Quoting Rooi
Morning all News every 15min for the FH so EJ might be jumpy. GU news after LO so might be slow going till then No preference yet looking closer at GU Rooi
Yes, at this time i am at home and market is dead. My bad luck.
Love for all; Hatred for none.
  • #1,603
  • Apr 1, 2014 1:36am Apr 1, 2014 1:36am
Quoting Rooi
Morning all News every 15min for the FH so EJ might be jumpy. GU news after LO so might be slow going till then No preference yet looking closer at GU Rooi Edit : all news only after LO - My watch is slow.People in the north changing the time confuses simple folks like me

LOL - then think what it does to us and our animals.....bloody cockerells have enough of a problem telling the time as it is and daylight saving just gives them an excuse to wake us up at 3am, 4am, 5am etc......just blame it on the politicians.....
Trading Levels with WRBs
  • #1,604
  • Apr 1, 2014 2:22am Apr 1, 2014 2:22am
Much better morning for me discipline wise.

Will make more pips in future on the runners.Focusing the mind again and the profits take care of themselves


A bit tricky again but true to its nature the PA has to go somewhere eventfully

Trade 1 ( correct ) - Waited till the on the open and dint jump the gun ( +2.9 , - 2.8 ) +0.1

Trade 2 (correct ) - Could have waited a bit better for the PA to show more intention but the signal was there ( 2 X -3.7 ) = - 7.4

Trade 3 ( correct ) - Nice entry but jumped on the profit early as it brought me back above water and the news was looming. ( +2.6 , + 7.5 ) 10.1
* I want to have the approach like Strada where you focus on having no losing days.Tricky but possible

+2.8 and happy with that.Will be easy to improve targets again in the coming days just need to focus on the signal again and re-enforce my patience,again.

Slow start to the second quarter but looking promising and staying positive is a top priority

Hope you guys had a good morning

GL for the rest of the day

Rooi
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We miss 100% of the shots we don't take
  • #1,605
  • Apr 1, 2014 2:29am Apr 1, 2014 2:29am
Quoting Islander
{quote} LOL - then think what it does to us , just blame it on the politicians.....
LOL.

I agree.When in doubt.Blame the politicians.

Hope you caught some pips for the session.

Rooi
We miss 100% of the shots we don't take
  • #1,606
  • Apr 1, 2014 2:42am Apr 1, 2014 2:42am
Quoting Rooi
{quote} LOL. I agree.When in doubt.Blame the politicians. Hope you caught some pips for the session. Rooi
well done with your +ve pips ....as EU, UJ and thus EJ were flat into FO, I waited until LO before entering - your trade 3...I took partials when it stalled the 142.40 level and am holding the remainder to see IF EU goes for its BRN.....TWT

Edit SL closed remainder for +9
Trading Levels with WRBs
  • #1,607
  • Apr 1, 2014 2:44am Apr 1, 2014 2:44am
Quoting LFN
{quote} You took a sell trade when all stochs showed up move?
Hi LFN

Aamad's approach to trading is very much like trading Supply and Demand with Oscillators like the link below.

http://www.fxstreet.com/webinars/ses...tors-20080507/
(if mods are not happy with me putting up the link just tell me and I will delete.I have nothing to do with fxStreet)

The trade that aamad took was early but the signal did come later proving the the indicators can be a bit slow for getting the best entries

The ways Sam Seiden breaks it down is very good.But you have been around for a while so Im sure you have heard of him.If not he is really great in explaining Supply and Demand as well as using oscillators with the PA

Hope that helps

All the best

Rooi
We miss 100% of the shots we don't take
  • #1,608
  • Apr 1, 2014 2:51am Apr 1, 2014 2:51am
Quoting Islander
{quote} well done with your +ve pips ....as EU, UJ and thus EJ were flat into FO, I waited until LO before entering - your trade 3...I took partials when it stalled the 142.40 level and am holding the remainder to see IF EU goes for its BRN.....TWT

Very nicely done.

In future I will be hitting TP1 between 3-6 pips and not think about taking TP 2 before a color change on the HA bars or a break below the 25 ema

Being patient with taking profit is the secret factor that you and Strada share.The bigger profits are what help you to bounce back easily from a trade that went the wrong way and most of the time making some profit for the session as well.

Thanks for sharing.sharing. Im definitely taking notes

Rooi
We miss 100% of the shots we don't take
  • #1,609
  • Apr 1, 2014 2:52am Apr 1, 2014 2:52am
Quoting Rooi
{quote} Hi LFN Aamad's approach to trading is very much like trading Supply and Demand with Oscillators like the link below. http://www.fxstreet.com/webinars/ses...tors-20080507/ (if mods are not happy with me putting up the link just tell me and I will delete.I have nothing to do with fxStreet) The trade that aamad took was early but the signal did come later proving the the indicators can be a bit slow for getting the best entries The ways Sam Seiden breaks it down is...
Thanks Rooi. I am not good in explaining things. You are really master, you explained everything in few lines.

Thanks again.
Love for all; Hatred for none.
  • #1,610
  • Apr 1, 2014 2:56am Apr 1, 2014 2:56am
Quoting aahmad29
{quote} Thanks Rooi.
Hi aahmad

Good to see you making pips my friend.

Sorry that you missed some because of work.

If you keep making those pips you are making then you should be able to trade full time in the coming years

Good luck and hope keep making those good entries

All the best

Rooi
We miss 100% of the shots we don't take
  • #1,611
  • Apr 1, 2014 3:07am Apr 1, 2014 3:07am
Quoting Rooi
{quote} Very nicely done. In future I will be hitting TP1 between 3-6 pips and not think about taking TP 2 before a color change on the HA bars or a break below the 25 ema Being patient with taking profit is the secret factor that you and Strada share.The bigger profits are what help you to bounce back easily from a trade that went the wrong way and most of the time making some profit for the session as well. Thanks for sharing.sharing. Im definitely taking notes Rooi
You might consider one TP level for trades during Frankies Hour and another, larger TP for trades after LO when the wider moves happen
Trading Levels with WRBs
  • #1,612
  • Apr 1, 2014 4:01am Apr 1, 2014 4:01am
+24 more pips.
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Love for all; Hatred for none.
  • #1,613
  • Apr 1, 2014 5:55am Apr 1, 2014 5:55am
So far -16 with 4 different trades on a ranging market. Most of these trades I shouldn't have been in.
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This is just another night where its tough for my strategy to trade. Keeping losses to a minimum until the markets isn't so ugly. Still looking for the trade of the night so will only be up for a few more hours.
  • #1,614
  • Apr 1, 2014 5:58am Apr 1, 2014 5:58am
The Yen and crosses have been in a very tight range today. I have made one good trade on EA. Australian pairs and NZD pairs, have had a corrective traceable move today. Otherwise flatter than piss on a plate.
  • #1,615
  • Edited 7:29am Apr 1, 2014 6:44am | Edited 7:29am
Quoting panamamike
The Yen and crosses have been in a very tight range today. I have made one good trade on EA. Australian pairs and NZD pairs, have had a corrective traceable move today. Otherwise flatter than piss on a plate.
Shutting it down for the Night. Love the quote "flatter then piss on a plate". Glad to see you making some pips.

Update: I couldn't leave the night on a negative note
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so I finally caught my last trade +11. Might go for more which it did but after the horrible range night I was having might as well take what I can. Ended the night -5
  • #1,616
  • Apr 1, 2014 11:19am Apr 1, 2014 11:19am
Quoting panamamike
The Yen and crosses have been in a very tight range today. I have made one good trade on EA. Australian pairs and NZD pairs, have had a corrective traceable move today. Otherwise flatter than piss on a plate.

Then EJ must have been a Bucks Fizz on the plate ....three times a dozen or ~ 40 if you bought and held....
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Trading Levels with WRBs
  • #1,617
  • Edited 1:35pm Apr 1, 2014 1:16pm | Edited 1:35pm
Quoting Islander
{quote} Then EJ must have been a Bucks Fizz on the plate ....three times a dozen or ~ 40 if you bought and held.... {image}

Not sure what time you are showing. I missed the first two hours of London session today.

i did did get a piece of the after Cut move. BTW, what is a Buck's Fizz?
  • #1,618
  • Apr 1, 2014 10:40pm Apr 1, 2014 10:40pm
I am starting to find the Genesis thread entertaining Lets see how many of those new Genesis members gravitate to this thread posting Genesis MA charts.
  • #1,619
  • Apr 2, 2014 12:04am Apr 2, 2014 12:04am
This is by far one the of the best most informative post I have ever read on forex factory. It was written by Hanover one of the biggest contributors referring to a self proclaimed holy grail system FF thread. I will copy and paste here.

I'm sorry. It looks like my post jinxed your Trade Explorer. After 2 years and 16000 pips, I go ahead and post, and it's now encountered some significant losses. I see that you've changed your first post to "Those looking for holy grail of forex - this is NOT it".

@readers of the Rookie forum:
There's a "this is the holy grail" thread every few months on these forums. I've been a member since 2006, and during that time none of them have lasted more than a few months. People overestimate their own genius: they believe that they've discovered something revolutionary that all the millions who have gone before them, including the most experienced traders and knowledgeable market veterans, have somehow overlooked. They forget that, if a simple "holy grail" grid system existed, that the big banks and institutions could save themselves millions in salaries by dismissing all of their expert analysts, traders, economists and IT gurus, and simply run this holy grail.

Am I being negative? No, because I know that it's very possible to be a profitable forex trader. I know of at least two regular FF contributors who run accounts totalling several million dollars. I have other buddies and acquaintances who are profitable, albeit to a a more modest extent. All of these folk are successful because:

  1. Their strategy incorporates a proven edge, one that is grounded in exploiting recurring inefficiencies in price behavior.
  2. They accept losses, and exit them quickly (whereas the amateur looks to somehow filter out losing trades, and/or recover from recent losses).
  3. They prioritize risk management, by sizing their positions both small (relative to account size) and consistently, allowing both their method and their account to survive unfavorable market conditions, and giving their edge the opportunity to ultimately prevail.
  4. They focus on improving their market analysis and trade execution, not their P&L. Profit is the by-product of making good trading decisions; chasing money generally results in poor decisions.
  5. They understand and avoid the newbie traps listed here (and no doubt many others, also).
  6. They know that it requires significant capitalization to be able to size conservatively, and also make a decent income (whereas newbies "need" something like 100% per month from their $1,000 accounts, and consequently overtrade, and overleverage themselves).
  7. Their consistent execution involves discipline; and discipline comes from having confidence in a proven strategy, which comes only from experience, and is grounded in knowledge of how and why markets operate.


Yet none of these professionals would ever talk about their approach as being the "holy grail". That is a term used by newbies, and also by vendors who want to lure newbies into buying their worthless products.
I'm no longer using MT4 or trading FX. Pls don't expect replies to posts.

  • #1,620
  • Apr 2, 2014 1:00am Apr 2, 2014 1:00am
Morning all

Lets see what is up.Favoring EJ for now
We miss 100% of the shots we don't take
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