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Multiple Time Frame Stochastic trading using 1min charts

  • #1,781
  • Apr 11, 2014 2:06am Apr 11, 2014 2:06am
been working on my charts for a while. It seems i am constantly working on it . But for now i decided i will stay with these and its very close too all the other charts posted here.

My rules are, wait for the Arrow, stoch 5 needs to cross the 40/60 line, stochs 5 and 15 needs to have the same color and have to come out off the OB/OS area, direction has to be confirmed by the EMA 14<>EMA 47, MACD needs to cross its 0-line, there can be a divergence (but doesn't have to be) and confirmation by the matrix m1 and ASCT trend.

Suggestions are welcome. Hopefully i can get some pips IF i ever find time to trade. Wont be next week i guess

GJ M1 chart
Attached Image (click to enlarge)
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  • #1,782
  • Apr 11, 2014 2:09am Apr 11, 2014 2:09am
+23 more

Total for the week = 176 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 89 KB
Love for all; Hatred for none.
  • #1,783
  • Apr 11, 2014 2:16am Apr 11, 2014 2:16am
Happy Weekend to all. No more trade on friday. I will just stay away.
Love for all; Hatred for none.
  • #1,784
  • Apr 11, 2014 2:46am Apr 11, 2014 2:46am
Apparently it looks divergence
Attached Image (click to enlarge)
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Love for all; Hatred for none.
  • #1,785
  • Apr 11, 2014 2:51am Apr 11, 2014 2:51am
Quoting aahmad29
{quote} I also wanted to take 25+ pips but i couldn't. You have great confidence and patience.
Thanks - that is down to a lot of screen time and hard work in researching how a contract moves under differing conditions nice pips too....

Also, I was interested to see that Strada uses a similar methodology for entering his trades - some great posts being made here and its up to those reading this thread to take advantage.....
Trading Levels with WRBs
  • #1,786
  • Apr 11, 2014 2:58am Apr 11, 2014 2:58am
Continuing excellent thread. Well done Rooi and the other regulars. It is not easy posting good quality and trading (successfully) at the same time. I was late this morning, missed the excellent yen move.

Trading Sessions indicator
I think a couple of people here use vLines indicator. Mine does not funtion correctly since the new MT4 build. Any coders here who could squint at this. There is a compilation error showing but it is beyond my non-existent programming skills. Whilst my old templates with this still work bizarrely I cannot build new templates with it.
Attached File(s)
File Type: mq4 Trading Session vLines.mq4   9 KB | 309 downloads
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #1,787
  • Apr 11, 2014 3:12am Apr 11, 2014 3:12am
Quoting revoli
Continuing excellent thread. Well done Rooi and the other regulars. It is not easy posting good quality and trading (successfully) at the same time. I was late this morning, missed the excellent yen move. Trading Sessions indicator I think a couple of people here use vLines indicator. Mine does not funtion correctly since the new MT4 build. Any coders here who could squint at this. There is a compilation error showing but it is beyond my non-existent programming skills. Whilst my old templates with this still work bizarrely I cannot build new templates...
Hi Revoli - hope all is good with you ......the .mq4 versions do not work in the build 600 series, so try this one
Best
Islander
Attached File(s)
File Type: ex4 Trading Session vLines.ex4   8 KB | 281 downloads
Trading Levels with WRBs
  • #1,788
  • Apr 11, 2014 3:17am Apr 11, 2014 3:17am
Hi All
very nice work you are all doing here, is it possible to obtain aahmad's template
  • #1,789
  • Apr 11, 2014 3:25am Apr 11, 2014 3:25am
+ 13 and now Im done.

Working on expanding the strategy past the LO move.In other words trading for more than just the FO and LO.

So starting to build on the system by looking to take more trades in future and maybe a bigger pip target.Just looking into it for now.Will have to be specific though

Notice the blue line (its the days high and just gets dragged up as the days ranges increases.I will be looking to formulating some rules to trade the reversal signal of that blue line.Let see how it goes.

All the best

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: 11 04 2014 T2.png Size: 34 KB
Attached File(s)
File Type: ex4 Range_v2.ex4   10 KB | 293 downloads
File Type: mq4 Range_v2.mq4   4 KB | 303 downloads
We miss 100% of the shots we don't take
  • #1,790
  • Apr 11, 2014 3:33am Apr 11, 2014 3:33am
Quoting Islander
{quote} Hi Revoli - hope all is good with you ......the .mq4 versions do not work in the build 600 series, so try this one Best Islander {file}
Thanks Islander
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #1,791
  • Apr 11, 2014 3:35am Apr 11, 2014 3:35am
If we look across more pairs then we can cherry pick the one that looks the best

EJ being the best on this current cycle according to my rules thus far
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #1,792
  • Apr 11, 2014 5:11am Apr 11, 2014 5:11am
+9.8

EU and GU setting up at the same time while UJ going down helps give confidence in USD weakness in the very short term

EU looked a bit better for a long as GU not at its best at the moment in my opinion
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #1,793
  • Apr 11, 2014 10:25am Apr 11, 2014 10:25am
Quoting aahmad29
Apparently it looks divergence {image}
After posting about the divergence, i couldn't stop myself to place pending order. It was just my idea that price will hit again to 1.3900 and i put 10 Pips SL (first time tight SL because i was going away to screen) and TP=1.3875

So 23+ pips more

Closed for the week = 199 Pips
Attached Image (click to enlarge)
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Love for all; Hatred for none.
  • #1,794
  • Apr 11, 2014 11:32am Apr 11, 2014 11:32am
Quoting Rooi
+ 13 and now Im done. Working on expanding the strategy past the LO move.In other words trading for more than just the FO and LO. So starting to build on the system by looking to take more trades in future and maybe a bigger pip target.Just looking into it for now.Will have to be specific though Notice the blue line (its the days high and just gets dragged up as the days ranges increases.I will be looking to formulating some rules to trade the reversal signal of that blue line.Let see how it goes. All the best Rooi {image} {file} {file}
GL. Good traders always move forward. I will wait for your strategy. If you need any help, let me know.
Love for all; Hatred for none.
  • #1,795
  • Apr 11, 2014 11:52am Apr 11, 2014 11:52am
Quoting Rooi
+ 13 and now Im done. Working on expanding the strategy past the LO move.In other words trading for more than just the FO and LO. So starting to build on the system by looking to take more trades in future and maybe a bigger pip target.Just looking into it for now.Will have to be specific though Notice the blue line (its the days high and just gets dragged up as the days ranges increases.I will be looking to formulating some rules to trade the reversal signal of that blue line.Let see how it goes. All the best Rooi {image} {file} {file}
Eagerly awaiting.

Have a lovely weekend.
Let it turn and find your entry.
  • #1,796
  • Apr 12, 2014 1:10pm Apr 12, 2014 1:10pm
So i found that i can't change my nature ( I like fast action ) and i am changing myself in terms of trading.

Old approach in New way.

Old:

Time Frame : M15

TP = 20+ PIPS

New:

Time Frame : M1 ( As per this thread)

TP = 10 or less than 10 PIPS ( but frequent results)

Lets see how it goes because i couldn't achieve 200+ pips per week in old way. I got 199 Pips but it was really hard and i am working too so not easy for me to give more screen time. I have decided that whenever i come to screen then i just grab some pips.
Love for all; Hatred for none.
  • #1,797
  • Apr 14, 2014 12:30am Apr 14, 2014 12:30am
Morning all

No news till later so lets see what happens.

So far Im looking at EJ

GL

Rooi
We miss 100% of the shots we don't take
  • #1,798
  • Apr 14, 2014 12:55am Apr 14, 2014 12:55am
Quoting Rooi
Morning all No news till later so lets see what happens. So far Im looking at EJ GL Rooi
Morning Rooi, I'm in EJ, signal 6.35, entry 6.44, missed entry after signal while setting up but price came back and entered then.

Update TP1 +8.6, TP2 SL @ BE

Update Grabbed +11.5 for TP2. That's my 20 for the day, Half hour's work and finished for the day, good start to the week.
Will put chart on later.
strada.
  • #1,799
  • Apr 14, 2014 1:14am Apr 14, 2014 1:14am
Quoting strada
{quote} Morning Rooi, I'm in EJ, signal 6.35, entry 6.44, missed entry after signal while setting up but price came back and entered then. Update TP1 +8.6, TP2 SL @ BE Update Grabbed +11.5 for TP2. That's my 20 for the day, Half hour's work and finished for the day, good start to the week. Will put chart on later. strada.
Morning Strada

The very same trade for me.

Just took +2.5 and 11.2 to give me 13.7

I willl have to learn to extend my tp1 but not messing with it for the next two months.Will look into how it affects me if I keep it.

I might look for some more.

Thanks for posting

Rooi
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We miss 100% of the shots we don't take
  • #1,800
  • Apr 14, 2014 1:25am Apr 14, 2014 1:25am
good morning Rooi and all !

my charting Broker 15 min before FO update my Mt4 and then crazy I had only data from today last ~20 min, so I have open 5 and 15 min charts and refresh to see the right stochastic and other indies, funny now with the automatic update.

but I can handle to make a trade after FO, see the pic.

for me that is enough for the day by this, wish you all a green day!!

cheers
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