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Multiple Time Frame Stochastic trading using 1min charts

  • #2,201
  • May 15, 2014 1:42am May 15, 2014 1:42am
Quoting strada
Morning Rooi and all, have TP1 on EJ, signal 6.36; entry 6.48. Price moved up while typing and took +14 for TP2. total +21.4. strada PS Rooi, great minds...........
Chart for this trade. strada.
Attached Image (click to enlarge)
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  • #2,202
  • May 15, 2014 1:44am May 15, 2014 1:44am
Quoting Rooi
{quote} Hi Johny Yes I draw the yellow lines by hand to give possible levels that are in play but focus on the PA and the signal the most Strada might answer you but he gives you the exact time for entry I will post the sinal line for you but he does give you the exact time that he enters so that you can plot the line yourself so that he doesnt always have to post a chart seeing as he does not trade on mt4 and have to draw it manually.All this times he states are London time {image}
Thanks Rooi
I notice Strada uses a couple of 'ultra stochastic' indicators - have you tried this?
Also, what does the ASCTrend-2F do? Do you mind posting it?
Thanks again!
  • #2,203
  • May 15, 2014 1:44am May 15, 2014 1:44am
Quoting punisher
good morning Rooi and all !! nice trading already :-) cheers
Morning Punisher

Good Luck for today
We miss 100% of the shots we don't take
  • #2,204
  • May 15, 2014 1:52am May 15, 2014 1:52am
Quoting jonnypants
{quote} Thanks Rooi I notice Strada uses a couple of 'ultra stochastic' indicators - have you tried this? Also, what does the ASCTrend-2F do? Do you mind posting it? Thanks again!

I use to use the to use the ultra-stochs but its too much for me to look at and think about.I just want too keep my eyes on the Price Action and think about that.
Many people here use it very effectively but I stare at it

The same for the ASCTrend.I have just the 1min TF showing as the 5min can be late or early and its too much to think about again.

Do you want me to post the ASCT ?
We miss 100% of the shots we don't take
  • #2,205
  • May 15, 2014 1:53am May 15, 2014 1:53am
Quoting strada
Morning Rooi and all, have TP1 on EJ, signal 6.36; entry 6.48. Price moved up while typing and took +14 for TP2. total +21.4. strada PS Rooi, great minds...........
I've just noticed that I traded through an EU (german) red news. This was an oversight as I'd normally close any open trades prior to news like this. Got away with it today, but not feeling so clever now, these are rules I don't like breaking.
strada.
  • #2,206
  • May 15, 2014 1:56am May 15, 2014 1:56am
Quoting Rooi
{quote} I use to use the to use the ultra-stochs but its too much for me to look at and think about.I just want too keep my eyes on the Price Action and think about that. Many people here use it very effectively but I stare at it The same for the ASCTrend.I have just the 1min TF showing as the 5min can be late or early and its too much to think about again. Do you want me to post the ASCT ?
yes please
Anybody go long AU just now? Looked like a good one!!!
  • #2,207
  • May 15, 2014 1:56am May 15, 2014 1:56am
Quoting strada
{quote} Chart for this trade. strada. {image}
A quick question if you dont mind

I went into the sell and made a couple but would you be long into that high at the moment?

If not if the high breaks would you be in or would you be waiting for now for a better signal for now?

Slightly late on the sell I know.
Attached Image (click to enlarge)
Click to Enlarge Name: 15 05 2014 T3.png Size: 25 KB
We miss 100% of the shots we don't take
  • #2,208
  • May 15, 2014 1:58am May 15, 2014 1:58am
Quoting jonnypants
{quote} yes please Anybody go long AU just now? Looked like a good one!!!
You can download it from here

http://www.forexfactory.com/showthread.php?t=373796
We miss 100% of the shots we don't take
  • #2,209
  • May 15, 2014 2:00am May 15, 2014 2:00am
Break and retest of yesterdays close worked well 7.4+5.7= 13.1 using the new TP1 & TP2 thanks Rooi/Strata.

But just wandering if I should hold that TP2 until I get reverse signal as I am trading with the Trend???

Hmmm food for thought, always , always looking to improve.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudm1 1st trade ok.png Size: 41 KB
Feel the Fear and do it anyway!!!
  • #2,210
  • May 15, 2014 2:01am May 15, 2014 2:01am
Quoting strada
{quote} Chart for this trade. strada. {image}
Hi Strada
It looks like you have all same colour on Genesis and blue above red in stochs for the signal but what actually triggered the entry?
Thanks
  • #2,211
  • May 15, 2014 2:07am May 15, 2014 2:07am
Quoting Rooi
{quote} A quick question if you dont mind I went into the sell and made a couple but would you be long into that high at the moment? If not if the high breaks would you be in or would you be waiting for now for a better signal for now? {image}
Price is dawdling around the DP, so I'd be very wary. London has signalled short, but the signal bar wasn't convincing in relation to the DP. However, price then reversed slightly and made no real effort to recross the DP and at the same time gave another opportunity on the 8.00am signal, would have considered entry then, but wary of london open gyrations.
strada.
  • #2,212
  • May 15, 2014 2:09am May 15, 2014 2:09am
+24 and done for today


More in it but like always Im out ealry.I will have to work on the "uncertainty" thats always in the back of ones mind
Attached Image (click to enlarge)
Click to Enlarge Name: 15 05 2014 T4.png Size: 27 KB
We miss 100% of the shots we don't take
  • #2,213
  • May 15, 2014 2:13am May 15, 2014 2:13am
Quoting jonnypants
{quote} Hi Strada It looks like you have all same colour on Genesis and blue above red in stochs for the signal but what actually triggered the entry? Thanks
Hi JP, what you have outlined in your text is a clear G1m signal by my rules, so now I'm just looking for entry.
Signal bar close price + 1pip or more and I'm in, that's what did it today, in fact everyday. I hope I'm answering the Q you asked but if you want more info, just ask.
regards, strada.

@ROOI, glad to see you took the short, it worked out really well. Good result for the day, you'll be smiling now!! strada.
  • #2,214
  • May 15, 2014 2:13am May 15, 2014 2:13am
Quoting strada
{quote} Price is dawdling around the DP, so I'd be very wary. London has signalled short, but the signal bar wasn't convincing in relation to the DP. However, price then reversed slightly and made no real effort to recross the DP and at the same time gave another opportunity on the 8.00am signal, would have considered entry then, but wary of london open gyrations. strada.
Thanks for the reply

It played out just like you said and I saw it developing like that as well but if on the open it formed a signal you would have gone long but still very very careful of it.Like always if we wait for to much confirmation then the entry is late but that will always be a headache and some days we I will trade it correctly and other I might not I suppose.Is that how you see it?
We miss 100% of the shots we don't take
  • #2,215
  • May 15, 2014 2:16am May 15, 2014 2:16am
Some good moves just there!
Would you guys have taken this one on the dashed vertical line?
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  • #2,216
  • May 15, 2014 2:19am May 15, 2014 2:19am
@rooi, nice work there
Do you often look to trade away from Pivots and SR as well?
  • #2,217
  • May 15, 2014 2:22am May 15, 2014 2:22am
Quoting Rooi
{quote} Thanks for the reply It played out just like you said and I saw it developing like that as well but if on the open it formed a signal you would have gone long but still very very careful of it.Like always if we wait for to much confirmation then the entry is late but that will always be a headache and some days we I will trade it correctly and other I might not I suppose.Is that how you see it?
Yes Rooi, if London had gone long the signal would probably have been clear from the DP and there may have been a good exit plan as long as the signal bar wasn't too long (ie causing a sizeable SL). The only thing I may have had difficulty with would have been the distance between the pre LO signal and the post LO signal.
strada.
  • #2,218
  • May 15, 2014 2:22am May 15, 2014 2:22am
Do any of you guys trade major indices? The Dax has gone bonkers this morning!!!
  • #2,219
  • Edited 2:38am May 15, 2014 2:28am | Edited 2:38am
Quoting strada
{quote} @ROOI, glad to see you took the short, it worked out really well. Good result for the day, you'll be smiling now!! strada.
Thank you.

Yes,Worked really nicely and just working on building on the confidence and thought process.

Its nice when the opens move the market so that it gives us a chance to make the pips because the market starts to slow down after about an hour after the LO unless there is some news.

You use to trade all the way through though till just after NYO?
We miss 100% of the shots we don't take
  • #2,220
  • May 15, 2014 2:28am May 15, 2014 2:28am
@newbies, notice how EJ and GJ have retraced all of the down move now - BE CAREFUL OUT THERE GUYS!!!!
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