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Multiple Time Frame Stochastic trading using 1min charts

  • #1,881
  • Apr 24, 2014 1:05am Apr 24, 2014 1:05am
Quoting Rooi
Morning all No news till a bit later so not favoring any pair at the moment GL Rooi
Technically it is Morning in Toronto so Good Morning

Green Pips for all.
Love for all; Hatred for none.
  • #1,882
  • Apr 24, 2014 1:38am Apr 24, 2014 1:38am
Quoting Rooi
{quote} Small SL can cause a lot of pain on a low range day where bigger SL keeps you in one trade rather than many small ones My pips are just over 50pips for today in 4 trades,You made 50 in one trade,less work taking one trade Many more pips to you too. Rooi
Hi Rooi

The difference is that you can't eat or buy a car with pips.

What is the worth of every pip, how much has your account grown today. If you have a small risk/SL then for the same % risk every pip is worth a lot more than when you have a large SL. With a 10 pip SL your pips could be worth 5 times as much as Aahmads pips.

I will take your 50 pips every day, well done
When all conditions are met - Enter trade - sit back and FRET !!!
  • #1,883
  • Apr 24, 2014 1:44am Apr 24, 2014 1:44am
On EJ this morning but chop full of choppiness. Not fun

Thanks for the kind words JSF
We miss 100% of the shots we don't take
  • #1,884
  • Apr 24, 2014 2:06am Apr 24, 2014 2:06am
Quoting jsf
{quote} Hi Rooi The difference is that you can't eat or buy a car with pips. What is the worth of every pip, how much has your account grown today. If you have a small risk/SL then for the same % risk every pip is worth a lot more than when you have a large SL. With a 10 pip SL your pips could be worth 5 times as much as Aahmads pips. I will take your 50 pips every day, well done
Rooi, I am fully agree with jsf.
Love for all; Hatred for none.
  • #1,885
  • Apr 24, 2014 2:09am Apr 24, 2014 2:09am
GM - nasty tight ranges everywhere - except perhaps in the Antipodeans when I'm asleep......I'm up about 15 pips so far and looking for some action around the data at 8am......
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #1,886
  • Apr 24, 2014 2:16am Apr 24, 2014 2:16am
Quoting Islander
GM - nasty tight ranges everywhere - except perhaps in the Antipodeans when I'm asleep......I'm up about 15 pips so far and looking for some action around the data at 8am...... {image}
I am waiting for these reports.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 10 KB
Love for all; Hatred for none.
  • #1,887
  • Apr 24, 2014 2:27am Apr 24, 2014 2:27am
- 8 and finished for the day.
Last two trades were on half my normal positions because I reduce risk when markets starts to behave like this.
Cant win them all I suppose.Will be back tomorrow

Well done Islander.GU did a lot better.Glad to have you around again.

GL for the rest of the session

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: 24 04 2014 T1.png Size: 46 KB
We miss 100% of the shots we don't take
  • #1,888
  • Apr 24, 2014 2:30am Apr 24, 2014 2:30am
Quoting aahmad29
{quote} I am waiting for these reports. {image}
As am I, but also watching in case there is a repeat of yesterday's classic pre release moves as the Big Dogs positioned themselves for the data releases which came out at 7am and 7:30 am on this chart.......
Attached Image (click to enlarge)
Click to Enlarge Name: apr23 eu 1m 0823.png Size: 47 KB
Trading Levels with WRBs
  • #1,889
  • Edited 3:23am Apr 24, 2014 3:09am | Edited 3:23am
Quoting Islander
{quote} As am I, but also watching in case there is a repeat of yesterday's classic pre release moves as the Big Dogs positioned themselves for the data releases which came out at 7am and 7:30 am on this chart....... {image}
and they did, via a more subtle move than yesterday......today, an early sell to pick up cheaper buys off the 3812 area S&R - I closed my last longs in the news bar as better than forecast German data gave an 11 pip spike up right into my next S&R zone. Next up at 9am is Signore Draghi's speach....

Edit: chart now attached....

PS Half an hour ago UJ started to move up, so I bought EJ too....
Attached Image
Trading Levels with WRBs
  • #1,890
  • Apr 24, 2014 3:46am Apr 24, 2014 3:46am
Made a couple of pips as well...

+10 on EJ
Attached Image (click to enlarge)
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-10 on GJ
Attached Image (click to enlarge)
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+10 on GA
Attached Image (click to enlarge)
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and finally +21 out of 2 (1 BE +1, 1 +20) trades on Gold
Attached Image (click to enlarge)
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  • #1,891
  • Apr 24, 2014 4:18am Apr 24, 2014 4:18am
Quoting Jeffray
Made a couple of pips as well... +10 on EJ {image} -10 on GJ {image} +10 on GA {image} and finally +21 out of 2 (1 BE +1, 1 +20) trades on Gold {image}
Nice trading and nice charts

Do you mind sharing the indicator that changes the color of the candles please

Hope your good run continues
We miss 100% of the shots we don't take
  • #1,892
  • Apr 24, 2014 4:23am Apr 24, 2014 4:23am
Quoting Rooi
{quote} Nice trading and nice charts Do you mind sharing the indicator that changes the color of the candles please Hope your good run continues
np Rooi

here you go

Attached File(s)
File Type: ex4 rsi chart bars.ex4   3 KB | 264 downloads

Attached File(s)
File Type: mq4 rsi chart bars.mq4   3 KB | 317 downloads


I use these settings
Attached Image
  • #1,893
  • Apr 24, 2014 4:26am Apr 24, 2014 4:26am
Draghi couldn't move the market. PA is still there where it was 3 hours ago.
Love for all; Hatred for none.
  • #1,894
  • Apr 24, 2014 4:52am Apr 24, 2014 4:52am
Another 12 pips

GJ short
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.PNG Size: 57 KB


entered 3 bars to early, regarding the signals of my indicators... But I saw the price struggeling creatig a higher high so I entered short.
  • #1,895
  • Apr 24, 2014 10:34am Apr 24, 2014 10:34am
+47

Total for this week so far = 148 Pips (again patience paid off)

One position is still open and i hope again my patience will bring good results
Attached Image (click to enlarge)
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Love for all; Hatred for none.
  • #1,896
  • Apr 25, 2014 12:35am Apr 25, 2014 12:35am
Morning all

Lets see whats on the books for today

GL

Rooi
We miss 100% of the shots we don't take
  • #1,897
  • Apr 25, 2014 12:50am Apr 25, 2014 12:50am
Good Morning Rooi and all !!

ok we will, last day in the week.

cheers
  • #1,898
  • Apr 25, 2014 2:41am Apr 25, 2014 2:41am
- 14 Last 3 trades single positions

Far from my best trading and not the ideal market but as a trader I need to identify market conditions better.Ranging markets are the last piece of my puzzel

Still positive for the week but painful nonetheless

Will be spending my weekend at the charts.This is what I get for taking last weekend off

Hope you guys have a good weekend.I might dable with one more single position trade a bit later to see if I can get a couple back.

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: 25 04 2014 T1.png Size: 49 KB
We miss 100% of the shots we don't take
  • #1,899
  • Apr 25, 2014 2:51am Apr 25, 2014 2:51am
Hmm, not good today, try 3 trades but -2.6 and +2.7 and +5.1 make +5.2

hard work, enough for this week :-)

cheers
Attached Image (click to enlarge)
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  • #1,900
  • Apr 25, 2014 2:54am Apr 25, 2014 2:54am
Quoting Rooi
- 14 Last 3 trades .......... trade a bit later to see if I can get a couple back. Rooi {image}
sorry to see that, and wish You good luck for the fight later :-)

have also a good Weekend Rooi and all!!

hope see you all next week.

cheers
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