Multiple Time Frame Stochastic trading using 1min charts
- #2,083
- May 7, 2014 10:01pm May 7, 2014 10:01pm
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
hello Rooi and all, I must go out today. may later I will check out cheers
We miss 100% of the shots we don't take
- #2,084
- May 7, 2014 11:07pm May 7, 2014 11:07pm
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
We miss 100% of the shots we don't take
- #2,085
- May 7, 2014 11:45pm May 7, 2014 11:45pm
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
We miss 100% of the shots we don't take
- #2,086
- May 8, 2014 1:36am May 8, 2014 1:36am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Hi Rooi
Just discovered your thread looks great just love any 1 minute system especially one that appears very successful like this one.
I've been trading something very similar find a strong trending pair on 1 minute then enter on break and retests as price pullbacks to support and resistance but you appear to be doing similar, finding a strong trending pair but then enter on breakouts rather than pullbacks, like it!!!
I have a little indicator you might like which shows the strongest trending pairs on any chart timeframe including 1 minute.
Will work my way through the thread then come back to you with some questions but first impressions look good to me.
Keep up the good work.
All the best Clive.
PS are you the old roofx that was???
Just discovered your thread looks great just love any 1 minute system especially one that appears very successful like this one.
I've been trading something very similar find a strong trending pair on 1 minute then enter on break and retests as price pullbacks to support and resistance but you appear to be doing similar, finding a strong trending pair but then enter on breakouts rather than pullbacks, like it!!!
I have a little indicator you might like which shows the strongest trending pairs on any chart timeframe including 1 minute.
Will work my way through the thread then come back to you with some questions but first impressions look good to me.
Keep up the good work.
All the best Clive.
PS are you the old roofx that was???
Feel the Fear and do it anyway!!!
- #2,087
- May 8, 2014 2:05am May 8, 2014 2:05am
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
Hi Rooi Just discovered your thread looks great just love any 1 minute system especially one that appears very successful like this one.
Thanks for the kind words and taking the time stop by and join in the thread.
I have always been Rooi here at ForeFactory and not planning on changing my name or violating any rules.
What is the trending tool you have?
Everyone here uses the roughly the same indies but have different "setups" the trade.
Like you said I like the breakouts but dont mind the reversals if it is decent looking
Hope you will share a chart and one of your trades when you feel like it.
All the best
Rooi
We miss 100% of the shots we don't take
- #2,088
- May 8, 2014 2:41am May 8, 2014 2:41am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Ok heres a trade I am still in from this morning took 7.2 pips from first push now at BE and holding for bigger run, bit hopeful I guess after a good run, but you never know???
Indicator top left shows top trending pairs on 1 min and 5 min it uses the slope of a moving average. I use 100lwma for 1 min chart. It shows the steepest sloping ma so shows the top 8 trenders as I see it.
I like to find the strongest trending pairs then trade those in that direction eg pullbacks or breakouts(now i've read your thread
). Levels I like to trade break and retest on are.
Indicator top left shows top trending pairs on 1 min and 5 min it uses the slope of a moving average. I use 100lwma for 1 min chart. It shows the steepest sloping ma so shows the top 8 trenders as I see it.
I like to find the strongest trending pairs then trade those in that direction eg pullbacks or breakouts(now i've read your thread
). Levels I like to trade break and retest on are.
- 200sma
- 25 levels
- Daily pivots
- Yesterdays high,low and close price. (yellow lines on my chart)
If you look on attached chart theres a couple of prime examples of B&R 141.75 level also yesterdays close very adjacent to it, 200 sma (blue ma).
Very basically I identify a strong trending pair from top 8 trenders then wait for a break and retest of above levels. Simple really.
Anyway gotta get going to my job will update on 2nd TP but aiming at 142.00 level for another 15 pips and total of 22 pips.
Oh just hit it as I was typing so 22.2 pips total, nice start.
Will follow thread with agusto just what I've been looking for.
All the best Clive.
Feel the Fear and do it anyway!!!
- #2,089
- Edited 10:34am May 8, 2014 8:42am | Edited 10:34am
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,566 Posts
Love for all; Hatred for none.
- #2,091
- May 8, 2014 10:36pm May 8, 2014 10:36pm
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
We miss 100% of the shots we don't take
- #2,092
- May 8, 2014 10:36pm May 8, 2014 10:36pm
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
We miss 100% of the shots we don't take
- #2,093
- May 8, 2014 11:19pm May 8, 2014 11:19pm
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
We miss 100% of the shots we don't take
- #2,096
- May 8, 2014 11:35pm May 8, 2014 11:35pm
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
for me the PB trade +7 I out after price stall. I happy. hope all other will be. cheers {image}
Nicely done Punisher
Hope you have a good weekend
All the best
Rooi
We miss 100% of the shots we don't take
cheers
- #2,098
- May 9, 2014 12:52am May 9, 2014 12:52am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Feel the Fear and do it anyway!!!
- #2,100
- May 9, 2014 1:29am May 9, 2014 1:29am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Thanks condor666
Hows your trading going??? Still using DNAbrasils method??? Are you using large stops or margin calls like him or smaller stops like here??
Hows your trading going??? Still using DNAbrasils method??? Are you using large stops or margin calls like him or smaller stops like here??
Feel the Fear and do it anyway!!!