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Multiple Time Frame Stochastic trading using 1min charts

  • #2,261
  • May 16, 2014 2:25am May 16, 2014 2:25am
Looking for the pair that is coming out of the gate the fastest GBPNZD,EURNZD,GBPAUD but a bit worried as they are heading towards yesterdays highs so might be better to wait for a break and retest of yesterdays highs or even a reversal here. This could be todays high too.

Best to just wait and see what happens .
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Feel the Fear and do it anyway!!!
  • #2,262
  • May 16, 2014 2:43am May 16, 2014 2:43am
Quoting strada
{quote} Hi Rooi, Iwas in the same trade, decided to abandon GU. I was short but all the time thinking GU is unlikely to go anywhere before testing the number above and also looking like staying in its overnight tight range. Managed to get a BE close on GU and a slightly late but good entry on the same EJ trade you did, now out and in profit for the day, will put charts on later. strada.
Charts for today's trades, good weekend everyone, strada.
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  • #2,263
  • May 16, 2014 2:47am May 16, 2014 2:47am
Afternoon all,
Break even on EJ long shortly after LO then made entry on GU with the plan to follow it up to BRN shorty after LO
Paid off for +14.9
I had just finished reading your post Strada about GU in tight range and you thinking it will creep to the BRN before a short would be viable.
That worked for me
Cheers
Anthm
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When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #2,264
  • Edited 3:46am May 16, 2014 2:48am | Edited 3:46am
Quoting clivepackham
Looking for the pair that is coming out of the gate the fastest GBPNZD,EURNZD,GBPAUD but a bit worried as they are heading towards yesterdays highs so might be better to wait for a break and retest of yesterdays highs or even a reversal here. This could be todays high too. Best to just wait and see what happens . {image}

As there is now lot of focus on finding volatile contracts, perhaps you might like to add UsdTry to your list......as its a European TZ pair, that's when it moves......and how ......its ADR is ~twice that of any of the ones on your current list....

PS: I bought again in the 7:09 bar looking for a move back up above this morning's high....

PSS: took partials at +50 as price retested yesterday's high....SL to +25 on remainder

PSSS: closed remainder on stop and that concludes my morning's trading
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Trading Levels with WRBs
  • #2,265
  • May 16, 2014 2:55am May 16, 2014 2:55am
Quoting anthm
Afternoon all, Break even on EJ long shortly after LO then made entry on GU with the plan to follow it up to BRN shorty after LO Paid off for +14.9 I had just finished reading your post Strada about GU in tight range and you thinking it will creep to the BRN before a short would be viable. That worked for me Cheers Anthm {image}
Hi Anthm, how are you?
nice trade on GU, should have known that after I abandoned GU it made its move. I may have had more losses on it though so think I did the right thing switching. Anyway well done on your trade. Did you take the short afterwards, fairly hefty SL so you may have left it?
Good to see you, all the best, strada.
  • #2,266
  • May 16, 2014 3:06am May 16, 2014 3:06am
Quoting strada
{quote} Hi Anthm, how are you? nice trade on GU, should have known that after I abandoned GU it made its move. I may have had more losses on it though so think I did the right thing switching. Anyway well done on your trade. Did you take the short afterwards, fairly hefty SL so you may have left it? Good to see you, all the best, strada.
Hi Strada I am good thank you, apart form my broken hand of course but its on the mend.
No I did not take the short after. I actually took +18 on the Tokyo open GJ, that combined with the +15 long on GU just now I thought I would rest on my Laurels.
Paper trading at the moment but it seems to be steady.
Still wont be full swing for a few weeks yet.
Have a good weekend
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #2,267
  • May 16, 2014 5:19am May 16, 2014 5:19am
Open question here to all 1 min traders,

How do you decide on stops or if you manually manage it when do you decide to jump ship???

I've been playing with exiting on reverse signal win or lose so as an example, when I buy a pullback I enter when first green HA candle is taken out, exit therefore will be when a red candle appears and is taken out. Basically I am exiting when 1 min momentum swings against my trade.
Feel the Fear and do it anyway!!!
  • #2,268
  • May 16, 2014 5:24am May 16, 2014 5:24am
Bugger I missed this one, like the look of this as could be going down big time with break of yesterdays low and a 15 min turn over, oh well wait for the pullback I guess.
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Feel the Fear and do it anyway!!!
  • #2,269
  • May 16, 2014 5:37am May 16, 2014 5:37am
Got in on next pullback like this sort of entry as my original stop was well protected behind 139.00 and yesterdays low.

Gonna try to hold thi one as looks like a good place to sell it and its a 15 min LH.

Problem is my BE stop is wrong side of BRN and yesterdays low so in danger of getting knocked off whereas the earlier entry before those levels would be a great place for a BE stop, oh well serves me right for taking my eye off the ball.
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Feel the Fear and do it anyway!!!
  • #2,270
  • May 16, 2014 10:48am May 16, 2014 10:48am
Quoting clivepackham
Got in on next pullback like this sort of entry as my original stop was well protected behind 139.00 and yesterdays low. Gonna try to hold thi one as looks like a good place to sell it and its a 15 min LH. Problem is my BE stop is wrong side of BRN and yesterdays low so in danger of getting knocked off whereas the earlier entry before those levels would be a great place for a BE stop, oh well serves me right for taking my eye off the ball. {image}
Hey cliff, what result achieved your trade?
  • #2,271
  • May 16, 2014 11:39am May 16, 2014 11:39am
Quoting Islander
{quote} As there is now lot of focus on finding volatile contracts, perhaps you might like to add UsdTry to your list......as its a European TZ pair, that's when it moves......and how ......its ADR is ~twice that of any of the ones on your current list.... PS: I bought again in the 7:09 bar looking for a move back up above this morning's high.... PSS: took partials at +50 as price retested yesterday's high....SL to +25 on remainder PSSS: closed remainder on stop and that concludes my morning's trading {image}

I have been been demo trading USDTRY this week. It seems fairly technically clean. Since you have been trading it for a while now, any comments on its intraday characteristics?
  • #2,272
  • May 16, 2014 1:46pm May 16, 2014 1:46pm
Quoting Jeffray
{quote} Hey cliff, what result achieved your trade?
Hi Jeffray

As per usual when I try to hold a trade it went up about 10 pips then came back and stopped me out at BE.

Funny thing is yesterday if I had held half my entries I would of made hundreds of pips. Its almost like the market knows when I'm holding and knows when I'm folding.

I am constantly working on improving my strategies and how I carry them out so looking to make changes for Monday.

Basically I am going to bank half after 8-10 pips , when the momentum subsides from first push. Will watch tick box for a stall.

Then move other half to BE and leave it to run or stop out at BE. Will hold until 1 min trend ends eg trail up HL's or trail down LH's until stopped out. Might even add on if signals carry on.

Well thats the plan but will I have the discipline to follow it through?? Now as we all know,when it comes to trading, thats the million dollar question!!!!
Feel the Fear and do it anyway!!!
  • #2,273
  • May 16, 2014 1:54pm May 16, 2014 1:54pm
Quoting panamamike
{quote} I have been been demo trading USDTRY this week. It seems fairly technically clean. Since you have been trading it for a while now, any comments on its intraday characteristics?
Gentlemen, let me remind you that we have a bank holidayn Monday, here, in Turkey. Just for your information.
Imparo ancora
  • #2,274
  • Edited 11:42pm May 16, 2014 10:46pm | Edited 11:42pm
Quoting panamamike
{quote} I have been been demo trading USDTRY this week. It seems fairly technically clean. Since you have been trading it for a while now, any comments on its intraday characteristics?
My only comment would be about the spread. I only checked one of my brokers yesterday afternoon but it was a 6 pip spread, that would count me out.
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #2,275
  • Edited 12:02pm May 17, 2014 6:34am | Edited 12:02pm
Quoting anthm
{quote} My only comment would be about the spread. I only checked one of my brokers yesterday afternoon but it was a 6 pip spread, that would count me out. Anthm
Hmmmmmm.....what time of day was that? My broker never had a spread wider than 3 pips. Perhaps it widened out after Lindon Close on a Friday; I can't say because I don't trade Friday afternoon.
  • #2,276
  • May 18, 2014 4:35pm May 18, 2014 4:35pm
Hi clivepackham

I'm looking for your indi Trend CCI but with out sucess.

Can you share it on this forum? Thanks
  • #2,277
  • May 19, 2014 12:06am May 19, 2014 12:06am
good morning Rooi and all !!

last Friday whole day no electric, have to change the cable.
so I go to hotel over the weekend.
now will powerful start the new week :-)

wish you all a green week

cheers
  • #2,278
  • May 19, 2014 12:17am May 19, 2014 12:17am
Quoting punisher
good morning Rooi and all !! last Friday whole day no electric, have to change the cable. so I go to hotel over the weekend. now will powerful start the new week :-) wish you all a green week cheers

Good Morning Punisher and all


I hope so too.

GL Mr Punisher
We miss 100% of the shots we don't take
  • #2,279
  • May 19, 2014 1:11am May 19, 2014 1:11am
ui that's a quick start

I see the resistance and open a short near close from the first red candle on that

I have a automatic TP and SL order at my Trade and immediately before I can babysit my Trade was a fill of +10 pips

thanks the market

have all a good day, I will go and let You all the profitable Trades for the Day :-)

cheers
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  • #2,280
  • May 19, 2014 1:45am May 19, 2014 1:45am
Quoting punisher
ui that's a quick start I see the resistance and open a short near close from the first red candle on that I have a automatic TP and SL order at my Trade and immediately before I can babysit my Trade was a fill of +10 pips thanks the market have all a good day, I will go and let You all the profitable Trades for the Day :-) cheers {image}
Nicely done
We miss 100% of the shots we don't take
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