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Multiple Time Frame Stochastic trading using 1min charts

  • #2,381
  • May 22, 2014 9:37am May 22, 2014 9:37am
Heres a thought for anyone who might be interested, every daily candle low or high must start with a 1 minute trend reversal, the problem is which one??

But theres not that many in a day, they are basically 15 min CCI turns or whatever your favourite indy is quite often overbought or oversold indys as per example attached when my 15min CCI becomes oversold.

Now theres gonna be a whole load of false starts and many break even trades but surely its gotta be worth trying to find a Daily candles low or top with a small 1 min stop and maybe a 168 pip reward????

I am going to look at some daily charts that are trending strongly one way then wait for a pullback day, then try to watch out for the 15 min cci turn back with the daily trend. Could catch a nice tight entry and hold on a strong daily trend, now that would be a nice RR worth trying for.


Just think about it, every days high or low must be a 1 min reversal, now all we gotta do is find the little so and so's. (Big daydreamer smiley)
Attached Image (click to enlarge)
Click to Enlarge Name: finding the days low.png Size: 51 KB
Feel the Fear and do it anyway!!!
  • #2,382
  • May 22, 2014 10:16am May 22, 2014 10:16am
Last post on this idea, gonna start my own thread as its bad manners to keep posting on someone else'e thread although Rooi very kindly says he doesn't mind.

Two charts below first one shows the top 8 daily trenders using a 10lwma slope to compare. As you can see GBPCHF is 3rd in the list so look for a 15 min CCI buy signal(oversold best) then buy the first couple of 1 min CCI signals, there are 6 to choose from on lower chart.

Checkout lower chart of the GBPCHF 1 min looks very tasty after the 15 min cci signal doesn't it???

Of course they are so easy to see after the fact aren't they??? I tend to get these right every time. (Smiley man rolling around on floor holding his sides)

But seriously I am going to look for 15 min CCI signals in those top 8 trenders see if I can buy or sell the daily low or high and hold for the day. Might even hold for 2 or 3 days depends how the daily trend goes, probably trail up each 15 min HL or LH until stopped out.

Will be entering with tight stops and go to BE very quickly like 3 pips so risk will be off the table very quickly. Will get a lot of BE's I am sure and a couple of losses too but just imagine if I catch a couple and they go several hundred pips???

Now thats what I call a sensible RR.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: strong daily trenders.png Size: 33 KB
Click to Enlarge Name: heres another 15 min cci turn.png Size: 53 KB
Feel the Fear and do it anyway!!!
  • #2,383
  • May 23, 2014 12:46am May 23, 2014 12:46am
Quoting clivepackham
Heres a thought for anyone who might be interested, every daily candle low or high must start with a 1 minute trend reversal, the problem is which one?? But theres not that many in a day, they are basically 15 min CCI turns or whatever your favourite indy is quite often overbought or oversold indys as per example attached when my 15min CCI becomes oversold. Now theres gonna be a whole load of false starts and many break even trades but surely its gotta be worth trying to find a Daily candles low or top with a small 1 min stop and maybe a 168 pip...
How can I set 15min CCI on 1min chart, It's interesting to me that "every days high or low must be a 1 min reversal" as you said. Hopefully you will reply to me. Thank you
  • #2,384
  • May 23, 2014 12:47am May 23, 2014 12:47am
Morning All
We miss 100% of the shots we don't take
  • #2,385
  • May 23, 2014 12:56am May 23, 2014 12:56am
Quoting condor666
{quote} Maybe a new brain ?
Someone talked of a pill

Good morning everyone, EU dropped some before I could set up, waiting for the news.
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-05-23_06-534-02_EARLY MOVES.png Size: 107 KB
Let it turn and find your entry.
  • #2,386
  • May 23, 2014 1:07am May 23, 2014 1:07am
A bit slow and groggy this morning

Closed my whole order this morning by accident when trying to access the panel to adjust the the lost size to take partials

Lest see where we go from here
Attached Image (click to enlarge)
Click to Enlarge Name: 23 05 2014 T1.png Size: 26 KB
We miss 100% of the shots we don't take
  • #2,387
  • May 23, 2014 1:08am May 23, 2014 1:08am
Quoting Rooi
{quote} Nice trading
Thank you, following on the heels of Strada and you.
Guess this is an example of what Strada meant when he said he likes entering a move before Fo?
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-05-23_06-534-02_EARLY MOVES.png Size: 110 KB
Let it turn and find your entry.
  • #2,388
  • May 23, 2014 1:24am May 23, 2014 1:24am
Quoting Intrepidpips
{quote} Thank you, following on the heels of Strada and you. Guess this is an example of what Strada meant when he said he likes entering a move before Fo? {image}
Yip

MY signal bar was at 7:11 as well but is 19 min before I start trading so not a valid trade from me unforunately
We miss 100% of the shots we don't take
  • #2,389
  • May 23, 2014 1:26am May 23, 2014 1:26am
An easy +6 here could have been +10
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-05-23_07-20-45_SPOOKED OUT.png Size: 105 KB
Let it turn and find your entry.
  • #2,390
  • May 23, 2014 2:26am May 23, 2014 2:26am
Very quiet?? Everyone waiting for the BOJ press conference ????

Calm before the storm????
Feel the Fear and do it anyway!!!
  • #2,391
  • May 23, 2014 2:37am May 23, 2014 2:37am
+6.1 and that's me for the week.

Brain a bit fried today
http://static.rcgroups.net/forums/at...f?d=1190427676


Good weekend all
Attached Image (click to enlarge)
Click to Enlarge Name: 23 05 2014 T2.png Size: 29 KB
We miss 100% of the shots we don't take
  • #2,392
  • May 23, 2014 2:38am May 23, 2014 2:38am
Some more scalping +4 total 10 done for the day could have held for more but seems a range about to play.
My new daily minimum target is +8 which gives me 7.5% (high leverage high risk high reward)
Nice weekend to you all!
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-05-23_08-35-25_ABOUT TO RANGE.png Size: 105 KB
Let it turn and find your entry.
  • #2,393
  • May 23, 2014 4:20am May 23, 2014 4:20am
Quoting Rooi
+6.1 and that's me for the week. Brain a bit fried today {image} Good weekend all {image}
Morning all, yes the brain was definitely getting a bit fried earlier, but that's GU, at least it was for me today. Charts below says it all I think. Hope others were on a different pair or waited until the decent move around 8.30. My charts are 1 hour behind London).

This is how the day started ~
Attached Image (click to enlarge)
Click to Enlarge Name: gu m1 2014-05-23.png Size: 65 KB

And this is how it finished....................fortunately ~
Attached Image (click to enlarge)
Click to Enlarge Name: gu m1 2014-05-23 b.png Size: 37 KB

Good weekend to everyone, long one here in UK for Whitsun, see you Tuesday. strada.
  • #2,394
  • May 23, 2014 4:42am May 23, 2014 4:42am
Morning folks
@strada, great trading! may I ask which broker you use?Reason being I have a subtlety different chart and indies (ie look at the colour of the Genesis and trend squares) This is pepperstone....
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 16 KB

Thanks and have a great weekend all!
  • #2,395
  • May 23, 2014 5:04am May 23, 2014 5:04am
Quoting jonnypants
Morning folks @strada, great trading! may I ask which broker you use?Reason being I have a subtlety different chart and indies (ie look at the colour of the Genesis and trend squares) This is pepperstone.... {image} Thanks and have a great weekend all!
Hi JP, the Mt4 (FXCM) charts I post aren't my actual trading charts, they're solely for the G1m signals. I always have 4 active platforms primed for trading (2 dedicated for trading and 2 back-up) and I'll use the charts (non MT4) from one of them combined with broker's pricing for all trading decisions and activity. Think the signal you illustrated was same as the FXCM though.
strada.
  • #2,396
  • May 23, 2014 5:33am May 23, 2014 5:33am
Quoting strada
Think the signal you illustrated was same as the FXCM though. strada.
Thanks for reply, definitely slight differences - I have changed my colour to white too (10:14 on my chart is actually 8:14 uk time)
Spot the differences!!!
Your chart:
Attached Image

My chart:
Attached Image (click to enlarge)
Click to Enlarge Name: guwhite.png Size: 6 KB

Notice how my 5min trend is still showing white on the vertical line.....
Also the 5th and 6th minutes previously I am still seeing white squares on the bottom part of the genesis indicator....whereas yours are red!
  • #2,397
  • May 23, 2014 6:40am May 23, 2014 6:40am
Quoting strada
{quote} Morning all, yes the brain was definitely getting a bit fried earlier, but that's GU, at least it was for me today. Charts below says it all I think. Hope others were on a different pair or waited until the decent move around 8.30. My charts are 1 hour behind London). This is how the day started ~ {image} And this is how it finished....................fortunately ~ {image} Good weekend to everyone, long one here in UK for Whitsun, see you Tuesday. strada.

Hi Strada

Thanks as always for your charts.Ive been thinking you might have traded GU a couple of times this week.

Im sorry to see it was a bit tricky but Im always glad to see charts like these from you.So much I still have to lean in consolidating markets and your charts are a big help to see how you handle it.

Hope you have a good long weekend.

All the best

Rooi
We miss 100% of the shots we don't take
  • #2,398
  • May 23, 2014 6:50am May 23, 2014 6:50am
Quoting strada
{quote} -

Would you have flipped you trade here or maybe let it go.

I know it hindsight but what do you think?

Thanks for your time
Attached Image (click to enlarge)
Click to Enlarge Name: 23 05 2014 T3.png Size: 34 KB
We miss 100% of the shots we don't take
  • #2,399
  • May 23, 2014 8:28am May 23, 2014 8:28am
Quoting Rooi
{quote} Would you have flipped you trade here or maybe let it go. I know it hindsight but what do you think? Thanks for your time {image}
Hi Rooi, I wouldn't have flipped exactly. I would almost certainly have been out of the long before the short signal formed using the bar prior to the short signal bar, possibly even the one before that. I would have then entered the short after the signal.
After the decent run down through the pivot and after it had been straddling it for a while I would have been looking for a possible reversal back towards the pivot but as it was some distance away I'd also be considering any retrace as possible congestion also. And of course a continuation of the current prevailing move. I would therefore be looking at exits in that situation and when we get bars closing the other side of the MA and changing colour like it did, then I have to consider whether I still want to be in the trade (the long, that is).
Good weekend to you too. strada.
  • #2,400
  • May 23, 2014 9:46am May 23, 2014 9:46am
Quoting strada
{quote} Hi Rooi, I wouldn't have flipped exactly. I would almost certainly have been out of the long before the short signal formed using the bar prior to the short signal bar, possibly even the one before that. I would have then entered the short after the signal. After the decent run down through the pivot and after it had been straddling it for a while I would have been looking for a possible reversal back towards the pivot but as it was some distance away I'd also be considering any retrace as possible congestion also. And of course a...
I see now. Im working on that best exit part of it as it can save a lot of pips.

You did it very well in GU this morning.I would have been down a lot more than you were.

Thanks for your time

Rooi
:nerd:
We miss 100% of the shots we don't take
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