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Multiple Time Frame Stochastic trading using 1min charts

  • #2,141
  • May 12, 2014 4:54am May 12, 2014 4:54am
GM - I too liked cable this morning.....I bought in the 08:20 gmt bar and my TP at 1 pip under the BRN just got hit....the 50% retrace off my 15m chart has actually been the high so far at 1.6902....
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Trading Levels with WRBs
  • #2,142
  • May 12, 2014 7:21am May 12, 2014 7:21am
Quoting clivepackham
Hi All This thread is really warming up lovely some great stuff here for sure, hopefully all us 1 minute traders can help each other become better traders. Anyway found my top 8 trender indy from the platform so here it is. {file} .
Thanks for sharing the indy, is Hugh Briss on FF?
Let it turn and find your entry.
  • #2,143
  • May 12, 2014 8:10am May 12, 2014 8:10am
Quoting Intrepidpips
{quote} Thanks for sharing the indy, is Hugh Briss on FF?
You're welcome let me know how you get on with it and how you're using it .Yes Hugh Briss is a member on ff just use search box and it will take you to his profile.Looks like my gbpusd trade stopped out at BE shame as was up about 15 pips at one time but didn't take it as fancied it higher after big down day friday. Oh well better luck next time.
Feel the Fear and do it anyway!!!
  • #2,144
  • May 13, 2014 1:33am May 13, 2014 1:33am
Morning all

+ 9

A bit lucky on the SL for a change

Rooi
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We miss 100% of the shots we don't take
  • #2,145
  • May 13, 2014 2:55am May 13, 2014 2:55am
Quoting Rooi
Morning all + 9 A bit lucky on the SL for a change Rooi {image}
Morning Rooi

Nice trade just got away with the stop I guess it was below that previous support around 140.68ish???

So on your breakout entries do you use a pending stop order? If so how many pips above last high/low and I assume you place stop below last support??Cheers Clive.
Feel the Fear and do it anyway!!!
  • #2,146
  • May 13, 2014 3:21am May 13, 2014 3:21am
Quoting clivepackham
{quote} Morning Rooi Nice trade just got away with the stop I guess it was below that previous support around 140.68ish??? So on your breakout entries do you use a pending stop order? If so how many pips above last high/low and I assume you place stop below last support??Cheers Clive.

SL was at 140.707 - Normally use the closest high or low

I dont use pending orders.

Finger on the trigger type of guy

Hows you trading been going this morning?
We miss 100% of the shots we don't take
  • #2,147
  • May 13, 2014 3:31am May 13, 2014 3:31am
Quoting clivepackham
{quote} You're welcome let me know how you get on with it and how you're using it .Yes Hugh Briss is a member on ff just use search box and it will take you to his profile.Looks like my gbpusd trade stopped out at BE shame as was up about 15 pips at one time but didn't take it as fancied it higher after big down day friday. Oh well better luck next time.
Hi Clive,

This is totally awesome, I've narrowed down to GBPJPY but at times I veer off to other pairs when there seems to be no action in the Beast only to find there'd been a great rally or drop that I could have benefited from.
It's clear now all I need to do is simply keep my GBPJPY chart up and check on the chart for the top 2 trending, like this morning EURAUD is #1 in M1 and in M5 while EURCAD ranks second while GBPAUD is 3rd in the M1 and M5 charts so just to pull them up and wait for my set-up (the Hidden or Continuation Divergence)
You can see how EURCAD and EURAUD played out in the charts attached.
Pity I could not load the indy yesterday as I left the office early and rain prevented me for getting to the office before FO.
My question is what does the look back period relate to 15 bars or 15 days?
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Let it turn and find your entry.
  • #2,148
  • May 13, 2014 3:52am May 13, 2014 3:52am
Quoting Rooi
{quote} Finger on the trigger type of guy Hows you trading been going this morning?
Hello Rooi
Consistently attacking them pips,got to my battle station late, but tomorrow will be a better day.
Let it turn and find your entry.
  • #2,149
  • May 13, 2014 6:10am May 13, 2014 6:10am
Quoting Intrepidpips
{quote} Hi Clive, This is totally awesome, I've narrowed down to GBPJPY but at times I veer off to other pairs when there seems to be no action in the Beast only to find there'd been a great rally or drop that I could have benefited from. It's clear now all I need to do is simply keep my GBPJPY chart up and check on the chart for the top 2 trending, like this morning EURAUD is #1 in M1 and in M5 while EURCAD ranks second while GBPAUD is 3rd in the M1 and M5 charts so just to pull them up and wait for my set-up (the Hidden or Continuation Divergence)...
Glad you are enjoying the top 8 trender it can certainly help and I think its a good idea to use the 5 min as the master then look for your favourite entries in the 1 min. Don't forget you can use it on higher timeframes too eg daily as master and trade the hourly.

Just a word of warning don't forget all trends come to an end and usually before its shown in the MA so whenever you look at a top trender make sure its still trending strongly and not looking like its exhausted eg was the last push higher a clear push higher?? Is it pulling back to support etc etc I always say to people don't just trade it because its in the top 8 trenders, still use your analysis skills to confirm the trends still going.

And to answer your question the lookback period is 15 bars but of course you can set it for what you want I just use the next timeframe up for my own use please feel free to experiment.

Sorry Rooi no trading from me today had an early business meeting with my partner who has just launched her own weight loss group, exciting times all round at the mo.

Anyone else having fun with the top 8 trenders???? Please let me know one way or the other good or bad I don't mind.
Feel the Fear and do it anyway!!!
  • #2,150
  • May 13, 2014 6:52am May 13, 2014 6:52am
Hi

Just looked back at this mornings charts and saw a setup that I really like so thought I would share it with you all. Its the London mid morning reversal. When the London boys set us all up for a fall by letting price march one way right into all thier orders waiting to eat us alive.

Thing is by trading the 1 min charts you can sometimes see it happening and jump on board. I watch for 2 things really.

1) A pair to appear in the top 8 trenders one colour say green, going up, then an hour later it appears red, going down.

2) I watch for my 15 min CCI to turnover then take the next 2 or 3 1 min cci signals the same way as per charts below.

It happened on EURAUD this morning and gave us a perfect pullback entry at 10.50 gmt to a 25 level (1.4725)

Its gone down about 75 pips since.


By the way watch out for New York reversing this move, I have a personal theory that London and New York have an agreement that one sells something all morning whilst the others buy it all back in the afternoon, that way they both make bucket loads of money. Seen it happen all too often for it to be a coincidence.

So watch for the reversal back up this afternoon. Just a thought.

EDIT; Sorry just realised I showed the GBPAUD chart from this morning but at least it shows the EURAUD in the top 8 trenders for 1 and 5 mins.
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Feel the Fear and do it anyway!!!
  • #2,151
  • May 13, 2014 9:25am May 13, 2014 9:25am
Thought I'd give the New York reversal a go today, 7 pips up and at BE now so going to hold till end of day see what we get???
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Feel the Fear and do it anyway!!!
  • #2,152
  • May 13, 2014 11:34am May 13, 2014 11:34am
Quoting clivepackham
the London mid morning reversal. When the London boys set us all up for a fall by letting price march one way right into all thier orders waiting to eat us alive. I have a personal theory that London and New York have an agreement that one sells something all morning whilst the others buy it all back in the afternoon, that way they both make bucket loads of money. Seen it happen all too often for it to be a coincidence. So watch for the reversal back up this afternoon. Just a thought.
It does happens so often but we are so "micro focused" that we don't realise it and I have thought that these big boys are just creating money out of their orders outta thin air, we can't beat them so we just have to be nimble enough to join them.
One of these days I'm gonna get in on their order book and front run the living day lights outta them

Meantime I'm still fine tuning my use of the indie I have decided to use 120LWMA (curve fitting H1 average MA -2LWMA) and I find the CCI is shades simpler to use than the Stochastic because it is unbounded and gives relatively more reliable spotting of Divergence and forecasting exhaustion just that I never even thought I could set the period beyond 50 and use it well.

Hope you caught some other good trades.
Cheers!
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Let it turn and find your entry.
  • #2,153
  • May 14, 2014 12:32am May 14, 2014 12:32am
good morning Rooi and all !!

hmm yesterday not my lucky day, have a car accident and have to wait for police and insurance. so all for I can drive by new car need more then 6 hours and then I go eat and drink, because car broken but I OK and I not responsible for the accident, may can say that's the lucky on that day :-)

will check the market now

cheers
  • #2,154
  • May 14, 2014 1:04am May 14, 2014 1:04am
Morning all

Here for a while this morning so hopefully some fun with the London open today.

I'm always trying to catch a big move by just following the money in the London open so like to have a quick look at whats happened overnight to try and figure out what might happen durring the open so looking at the top 8 trenders the top 4 5 min boys are euraud, audusd, gbpaud and audcad so AUD strength over night.

Typically would expect a reverse move from FO to start the day then a reversal back with the daily trend round about mid morning from the London boys. Trouble is theres a lot of GBP news this morning which could throw a spanner in the works.

Gonna sit back and watch the open go by then see whats happening on my 1 min trenders will be interested in jumping on board a top 8 trender just after the open basically following the money.

Well thats the plan, wonder what I will actually do??????
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Feel the Fear and do it anyway!!!
  • #2,155
  • May 14, 2014 1:07am May 14, 2014 1:07am
Quoting punisher
good morning Rooi and all !! hmm yesterday not my lucky day, have a car accident and have to wait for police and insurance. so all for I can drive by new car need more then 6 hours and then I go eat and drink, because car broken but I OK and I not responsible for the accident, may can say that's the lucky on that day :-) will check the market now cheers

Wow!

I was wondering what happened

Hope for a better day today.

Good Luck

Rooi
We miss 100% of the shots we don't take
  • #2,156
  • May 14, 2014 1:16am May 14, 2014 1:16am
Morning Rooi and all, haven't been on here much lately, not enough time. Easy trade this morning on GU, just short of daily target but finished in just over half an hour, ideal for me at present. Have a good day.
regards, strada.
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  • #2,157
  • May 14, 2014 1:17am May 14, 2014 1:17am
Morning Strada

Glad to see you around again
We miss 100% of the shots we don't take
  • #2,158
  • May 14, 2014 1:17am May 14, 2014 1:17am
Quoting Rooi
{quote} Wow! I was wondering what happened Hope for a better day today. Good Luck Rooi
thanks Rooi !

and have already more then my goal in the bank

can't break the resistance so I pull the trigger for a short and take +6.1pips.
for a little more precise that for me a plus of 1.525%

tanks for the day market, now will a little relax :-)

cheers
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  • #2,159
  • May 14, 2014 1:24am May 14, 2014 1:24am
Quoting strada
Morning Rooi and all, haven't been on here much lately, not enough time. Easy trade this morning on GU, just short of daily target but finished in just over half an hour, ideal for me at present. Have a good day. regards, strada. {image}

Nice Entry

GU was the pair so far today

All the best

Rooi
We miss 100% of the shots we don't take
  • #2,160
  • May 14, 2014 1:26am May 14, 2014 1:26am
Quoting punisher
{quote} thanks Rooi ! and have already more then my goal in the bank can't break the resistance so I pull the trigger for a short and take +6.1pips. for a little more precise that for me a plus of 1.525% tanks for the day market, now will a little relax :-) cheers {image}
Nicely done

I missed it but lets see whats available now
:nerd:
We miss 100% of the shots we don't take
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