Multiple Time Frame Stochastic trading using 1min charts | Page 101 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Stochastic Multiple Time Frame experience? 5 replies

Multiple Time Frame Stochastic trading using 1min charts (NEW) 329 replies

MTF Stochastic trading using 1min chart (Questions) 95 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Multiple Time Frame Stochastic trading using 1min charts
Exit Attachments

Multiple Time Frame Stochastic trading using 1min charts

  • #2,001
  • Edited 2:55am May 1, 2014 2:34am | Edited 2:55am
Quoting Rooi
{quote} when stuck in a range you were able to keep you losses to between - 3 and -5 which is a really excellent,were you just a lot more aggressive on entries ? )

By keeping it between -9 ( -3 x 3 ) and - 15 ( -5 x 3 ) you were able to undo a losing either by just 1 trade going to TP 1 but definately undid it by getting a TP2, then TP 3 was clean profit.I know its simple R;R calculation but makes a big difference on the physiology if you can keep the losses below - 5 which is very very hard

Would you say it works exactly the same in current market conditions,by that I mean would you be able to do it today?

Sorry for all the questions

Have been doing some pondering while you were away
We miss 100% of the shots we don't take
  • #2,002
  • May 1, 2014 2:34am May 1, 2014 2:34am
Quoting Rooi
{quote} Helps a great deal thanks. I agree with the confirmation part So what is happening at the moment is a great example of a scenario that often plays out after a nice move.We form this range.(Look at the chart below) Would you have had any signals on EJ in this range if you had a higher daily target like in the past? With bago you would have had clear long and short entries but with Gen.Where would you be sitting now with this current range on EJ?Would you have been short after the move or long back into the high or short again from the rejection...
Hi Rooi, in this situation I wouldn't be happy about going short as there wasn't a proper break of the number. Price is clearly looking for that break, I don't know if it's for stop-hunting or a decent move above it. But until it happens I'd be reluctant to consider shorting in the present range. Going Long?? That's just as difficult, how many attempts at the number before it succeeds in breaching it. But my preference would be long and then watching to see if it's sustained or not.
In this area of congestion I sometimes use the bollies, check post 3742 here http://www.forexfactory.com/showthre...=7603&page=188
Cheers,strada.
  • #2,003
  • May 1, 2014 2:54am May 1, 2014 2:54am
I will have a look at that post again.Have gone over it many time but like you say congestion is easier spostted when it is already formed and not much we can do about it.It very much down to opinion as whatever rigid rule we apply we sacrifice something for it

In the old days I gather you just went for it a lot of times.Just minimzing losses

http://www.forexfactory.com/showthre...79#post2194879
http://www.forexfactory.com/showthre...82#post2194882

Would we still able to do this using 1 minGen with a exit strategy of Bago's recross

Very impressive trading
We miss 100% of the shots we don't take
  • #2,004
  • May 1, 2014 3:00am May 1, 2014 3:00am
Quoting Rooi
{quote} Do you use just the recross of the MA's for exits?

Not exclusively but sometimes they help and it's often the case I'll exit before any 5/12 recross.

Both positive and negative? Those rules something along the lines of Once there is a Matrix color change then wait for a 1pip improvement unless its a very big breakout and then it might be better to sit tight and wait for the RSI confirmation But If we become range bound like we are now then your entries seem to be a lot more aggressive to get better entries and if there was a reversal...
When price is rangebound like now, and you're presented with a signal, for instance the 8am bar on EJ I would have started off with a SL below the 7.53 bar (big SL for me!!).
This is the London open so there may well be enough momentum to push this through, then we'll see if it's london stop hunting or pushing higher.
I would have waited for 1pip improvement before entry.
Seeing the failure to break the number I'd be looking for an improved SL or perhaps an exit, cause if London open can't push this through then it's likely a non-event. The 8.06 low would have given me a bettter SL (with a 1 pip buffer).
It was touched on the 8.14 bar then another attempt at the number.
Another failed attempt, I'd be looking to reduce my exposure or a full exit possibly at BE.
8.26 bar a total disintegration of previous signal and presentation of new short signal. If still in trade would definitely be out now with small loss.
The bars between 8.26 and 8.39 formed a nice ledge so was price gearing up for another go at the number or the other way in line with the latest signal. Given the failure to break so many times I would now be considering short again and may have entered on the break below that ledge. Can't be sure on that, easy to see in hindsight.
Main thing here is that 1min charts provide alot of good information so our losses need never be too high.
regards, strada.
  • #2,005
  • May 1, 2014 3:13am May 1, 2014 3:13am
Quoting strada
{quote} When price is rangebound like now. Main thing here is that 1min charts provide alot of good information so our losses need never be too high. regards, strada.
I see and agree.

Very important think about what is happening and debate and contemplate the situation properly and building the experience that is needed to see what is happening and act in ones own best interest

As always thanks for your great insights
We miss 100% of the shots we don't take
  • #2,006
  • May 1, 2014 3:22am May 1, 2014 3:22am
Quoting strada
{quote} When price is rangebound like now, and you're presented with a signal, for instance the 8am bar on EJ I would have started off with a SL below the 7.53 bar (big SL for me!!).
I have been trying to do the same by have a slightly bigger SL and trying to "manage" the situation as it progresses.

Really the only thing we can do. I must just learn to do it better

Thanks again

Rooi
We miss 100% of the shots we don't take
  • #2,007
  • May 1, 2014 3:22am May 1, 2014 3:22am
Quoting Rooi
I will have a look at that post again.Have gone over it many time but like you say congestion is easier spostted when it is already formed and not much we can do about it.It very much down to opinion as whatever rigid rule we apply we sacrifice something for it In the old days I gather you just went for it a lot of times.Just minimzing losses http://www.forexfactory.com/showthre...79#post2194879 http://www.forexfactory.com/showthre...82#post2194882 Would we still able to do this using 1 minGen with a exit...
Thanks for the reminder Rooi, I used to really enjoy the nip n'tuck style, couldn't do it now, don't have the same attention span for it.
But good example of how full-on trading the 1min is, and the level of concentration required. And essential is that set of trading rules and belief in the method which allows those instant decisions to be made. G1m is the same I guess.
So no reason for such concentrated effort not to work. Main issue may be fear of loss, we know they come but we must be able to step over them (sometimes several times) and move onwards. Bago always (almost) brought me right again regardless of the previous losses. likely that G1m will also do so and G1m does seem to have less losses anyway.
Best way to try it is dedicate yourself a couple of days on demo and "go for it".
strada.
  • #2,008
  • Edited 3:46am May 1, 2014 3:35am | Edited 3:46am
Quoting strada
{quote} Thanks for the reminder Rooi, I used to really enjoy the nip n'tuck style, couldn't do it now, don't have the same attention span for it. But good example of how full-on trading the 1min is, and the level of concentration required. And essential is that set of trading rules and belief in the method which allows those instant decisions to be made. G1m is the same I guess. So no reason for such concentrated effort not to work. Main issue may be fear of loss, we know they come but we must be able to step over them (sometimes several times)...
I am working on it at the moment,therefore all the questions.Thanks for the patience and answering all the Q's

I tend to overtrade a bit when I do it.Have had some really nice day but the losses become painful when I try and apply it live.Per this example below.Poor execution and bad judgement brings frustration BUT its just practice practice practice . Its still a long road between finding the balance and builing the believe as the day progresses

http://www.forexfactory.com/attachme...5&d=1398845365

Here is how my morning is looking so far.Some nice "thinking" Although the second push down was very tempting and would have made money with a slightly bigger SL above the rejected high.

Like you said - Sound reasoning and faith in the outcome - Just like I didnt close the long on the reversal signal and it worked for now.Just have to start sticking to my TP's better (might go back to 3 tp with tp1 at 4-6 and tp2 at 6-9 and TP3 on best exit)

The more I understand into the mind set and way of thinking the easier it will become
Attached Image (click to enlarge)
Click to Enlarge Name: 01 05 2014 T2.png Size: 37 KB
We miss 100% of the shots we don't take
  • #2,009
  • May 1, 2014 3:52am May 1, 2014 3:52am
Strada - I remember looking at your charts on the Bago thread ages ago. If I remember you used the original basic formula but on smaller time frames than the original H1. Am I correct in this.

That thread died some time back now - not sure why.
  • #2,010
  • May 1, 2014 6:09am May 1, 2014 6:09am
GM

Yesterday had me waiting until 16:00 BST to finally get to target. The theory was the GU had stayed flat (ish) all day so would wake up at some point, news time being most likely. The immediate news aftermath was too risky but opportunity for a "safe" entry came along eventually. I do not sit there all day but try to aim at high probability times. Islander is the master of this with hs morning trades and I commend anyone to read his and medici's thread about trading FO and LO. I also use his three dragons, yesterdays move showing bounces off these MA's and also pivots and resistance levels identified. The close for me was after a rapid acceleration - a classic trend ending sign. A longer day than wanted.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 257 KB


Today I took a couple of pips during Frankies hour but failed to close at an obvious stalling point at resistance level. There was enough pre news action to persuade me a long was in order. Increased volume, three aligned stochs, as well as three dragons. I was slow closing this but did get 16 pips. The fact GU has not gone steaming up with follow through after the thrust suggests a pullback before any further upward move. Wait till NYO and then US unemployment data at 13:30BST.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture1.JPG Size: 150 KB


For me the key is watching price action around both Support and Resistance levels and the MA's. Stochastics and Genesis must agree. My entries and exits need to be more accurate to capture more of the moves. I wait for a strong bar with higher volume to confirm what I think is happening. Seems to avoid fake outs.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #2,011
  • May 1, 2014 6:45am May 1, 2014 6:45am
Lost faith in the trade for no good reason.

Trying to play inside the range till it breaks
Attached Image (click to enlarge)
Click to Enlarge Name: 01 05 2014 T3.png Size: 30 KB
We miss 100% of the shots we don't take
  • #2,012
  • May 2, 2014 12:34am May 2, 2014 12:34am
Morning all
We miss 100% of the shots we don't take
  • #2,013
  • Edited 1:11am May 2, 2014 12:40am | Edited 1:11am
Quoting Rooi
Morning all
Morning Rooi, in EJ
Update 7.04 TP1 8.5
Update 7.08 TP2 +9 don't know if this is going further, no point in risking what's on the table. not far off daily target.
Will put chart on shortly, not likely to do anymore today.
regards, strada.
  • #2,014
  • May 2, 2014 1:08am May 2, 2014 1:08am
Quoting strada
{quote} Morning Rooi, in EJ Update 7.04 TP1 8.5 Update 7.08 TP2 +9 Will put chart on shortly, not likely to do anymore today. regards, strada.


My ForexFactory playing up this morning

In the same way as you TP 1 = 6pips


Well done and looking forward to the chart
We miss 100% of the shots we don't take
  • #2,015
  • May 2, 2014 1:18am May 2, 2014 1:18am
TP1 = 5.1 ( only got a 5.1 on the fill - Close enough to 6pips )

TP2 = 6.1

= 11.2

5pips SL so just very slightly over 1:1 R:R
Attached Image (click to enlarge)
Click to Enlarge Name: 02 05 2014T1.png Size: 39 KB
We miss 100% of the shots we don't take
  • #2,016
  • May 2, 2014 1:28am May 2, 2014 1:28am
Quoting strada
{quote} Morning Rooi, in EJ Update 7.04 TP1 8.5 Update 7.08 TP2 +9 don't know if this is going further, no point in risking what's on the table. not far off daily target. Will put chart on shortly, not likely to do anymore today. regards, strada.

Nicely done.

Thanks again for charts and sharing your trades with us and me

Hope you have a good weekend
We miss 100% of the shots we don't take
  • #2,017
  • May 2, 2014 1:41am May 2, 2014 1:41am
Quoting strada
{quote} Morning Rooi, in EJ Update 7.04 TP1 8.5 Update 7.08 TP2 +9 don't know if this is going further, no point in risking what's on the table. not far off daily target. Will put chart on shortly, not likely to do anymore today. regards, strada.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy m1 2014-05-02.png Size: 43 KB
  • #2,018
  • May 2, 2014 1:47am May 2, 2014 1:47am
Quoting strada
{quote} {image}
Thanks for the chart Strada

You do maximize your profits with good early entries and well timed exits (Lots of experience )

Would you currently be in a position or flat ?
We miss 100% of the shots we don't take
  • #2,019
  • May 2, 2014 2:00am May 2, 2014 2:00am
Quoting Rooi
{quote} Thanks for the chart Strada You do maximize your profits with good early entries and well timed exits (Lots of experience ) Would you currently be in a position or flat ?
Hi Rooi, the entry was an easy one to take even though the signal looked very insignificant. But given the time ~ half hour before FO; number just above that wasn't conquered yesterday plus R1 just above too; SL only 4/5. But mainly because of the time, which is why I like to start then, there will often be an awakening in PA before FO. Bear in mind FX isn't confined to the bourse opening times, lot of positioning going on before "markets" open. Plus I much prefer being in a trade when the markets do open so if there is a kick I'll be in it. Of course it can go the other way, we just have to be ready for that and have our exit plan worked out.
The exits. well, bouncing around the number and not far off my target, it's the "bird in the hand.........."
And yes, I'm done for the day too close to target to risk any of it, not been a bad week, short of target on that but won't be losing any sleep.
It was nice to see your TP1 for 6, better than 2/3, yes?
regards, strada.
  • #2,020
  • May 2, 2014 2:16am May 2, 2014 2:16am
Quoting strada
{quote} Hi Rooi, the entry was an easy one to take even though the signal looked very insignificant. But given the time ~ half hour before FO; number just above that wasn't conquered yesterday plus R1 just above too; SL only 4/5. But mainly because of the time, which is why I like to start then, there will often be an awakening in PA before FO. Bear in mind FX isn't confined to the bourse opening times, lot of positioning going on before "markets" open. Plus I much prefer being in a trade when the markets do open so if there is a kick I'll be in...
GM Strada - another great post that MUST be noted by all who aspire to trade the 1 min charts around FO / LO and added to yesterdays posts

A big holiday here yesterday and a puente today, so I am focused nautical matters, but I have banked a few off UT as part of my ongoing research.

Regards, Islander
Trading Levels with WRBs
1 trader viewing now