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Multiple Time Frame Stochastic trading using 1min charts

  • #2,601
  • Jun 24, 2014 3:45am Jun 24, 2014 3:45am
+11 and wrapping it up

Sluggish, would have been nice to have been in the run up
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We miss 100% of the shots we don't take
  • #2,602
  • Jun 30, 2014 1:23am Jun 30, 2014 1:23am
Hi Rooi

Early start today quick +5.5
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When all conditions are met - Enter trade - sit back and FRET !!!
  • #2,603
  • Jun 30, 2014 1:38am Jun 30, 2014 1:38am
Quoting jsf
Hi Rooi Early start today quick +5.5 {image}

Hi JSF

Nice start to the morning
We miss 100% of the shots we don't take
  • #2,604
  • Jun 30, 2014 9:47am Jun 30, 2014 9:47am
Hello Rooi. I have a problem. I downloaded a genesis matrix indicator 2.22 but the line TVI is always white and the line GHL is always red. Why? can you tell me which settings you have? or can you post here the indicator?
p.s.great thread!! good luck!
  • #2,605
  • Jun 30, 2014 10:36am Jun 30, 2014 10:36am
Ok now i know, i'm so stupid i didn't downloaded rest indicator,only genesis 2.22
  • #2,606
  • Jul 1, 2014 12:49am Jul 1, 2014 12:49am
Quoting termometr123
Ok now i know, i'm so stupid i didn't downloaded rest indicator,only genesis 2.22
So everything is okay now?
We miss 100% of the shots we don't take
  • #2,607
  • Jul 1, 2014 3:41am Jul 1, 2014 3:41am
Rooi wouldn't using a MTF of a stoch possibly repaint? on a higher tf?
  • #2,608
  • Jul 1, 2014 4:05am Jul 1, 2014 4:05am
Quoting justin7
Rooi wouldn't using a MTF of a stoch possibly repaint? on a higher tf?

The ultra-stochs that I use to use does not repaint

Here is the example of a chart in this post
http://www.forexfactory.com/showthre...99#post7372999

I you want to have a look at them just click the paperclip at the top right of the thread and you will find them "ultr-stochastic" is what they are called - you can also google ultra-project here on FF if you want to read about how they work
We miss 100% of the shots we don't take
  • #2,609
  • Jul 1, 2014 5:02am Jul 1, 2014 5:02am
+22
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We miss 100% of the shots we don't take
  • #2,610
  • Jul 1, 2014 5:03am Jul 1, 2014 5:03am
Quoting Rooi
{quote} The ultra-stochs that I use to use does not repaint Here is the example of a chart in this post http://www.forexfactory.com/showthre...99#post7372999 I you want to have a look at them just click the paperclip at the top right of the thread and you will find them "ultr-stochastic" is what they are called - you can also google ultra-project here on FF if you want to read about how they work
If you're looking at 5m for example and 1h says one direction couldn't it change by the time the next 11 candles complete since that's how many it would take to fill up an hourly candle from 5ms ? If the market is unsure and sideways I mean?

I understand the concept of using mtf it seems good in theory as I've looked into it before and when you backtrace on a chart usually you get a perfect entry every time on indicator setups I've seen. Having tested and done it though I've also gone back from where I marked a trade and saw that it had changed on the higher tf.
  • #2,611
  • Jul 1, 2014 5:17am Jul 1, 2014 5:17am
Quoting justin7
{quote} If you're looking at 5m for example and 1h says one direction couldn't it change by the time the next 11 candles complete since that's how many it would take to fill up an hourly candle from 5ms ? If the market is unsure and sideways I mean? I understand the concept of using mtf it seems good in theory as I've looked into it before and when you backtrace on a chart usually you get a perfect entry every time on indicator setups I've seen. Having tested and done it though I've also gone back from where I marked a trade and saw that it had...

I agree - I trade of just the 1min TF these days as you must decide which TF you want to trade on

You can then look at Higher TF S/D zones - all depends on what TF you want to trade and how quickly you can decide if you want to be in,stay in or get out.

The higher time frames give you more time for that in the beginning
We miss 100% of the shots we don't take
  • #2,612
  • Jul 1, 2014 5:23am Jul 1, 2014 5:23am
Quoting Rooi
{quote} I agree - I trade of just the 1min TF these days as you must decide which TF you want to trade on You can then look at Higher TF S/D zones - all depends on what TF you want to trade and how quickly you can decide if you want to be in,stay in or get out. The higher time frames give you more time for that in the beginning
1m can be fine I really haven't given 1m tf trading much thought or serious consideration though. Mostly because of having to deal with the 1-2 pip spread+commission cost
  • #2,613
  • Jul 1, 2014 5:25am Jul 1, 2014 5:25am
Quoting Rooi
+22 {image}

Done for today - Will update journal at the end of the day.
We miss 100% of the shots we don't take
  • #2,614
  • Jul 1, 2014 5:37am Jul 1, 2014 5:37am
Quoting justin7
{quote} If you're looking at 5m for example and 1h says one direction couldn't it change by the time the next 11 candles complete since that's how many it would take to fill up an hourly candle from 5ms ? If the market is unsure and sideways I mean? I understand the concept of using mtf it seems good in theory as I've looked into it before and when you backtrace on a chart usually you get a perfect entry every time on indicator setups I've seen. Having tested and done it though I've also gone back from where I marked a trade and saw that it had...

Hi Justin

Please have a look at this thread - It is exactly what you are look for - The guys in that thread are master at S/D trading - from 1 min to 4 hour.
http://www.forexfactory.com/showthre...76#post7571376
I learned everything about S/D trading from this thread

Price is the same on all TF and the spread is the same on all time frames - Its fractal in nature (http://en.wikipedia.org/wiki/Fractal)

Hope this helps
We miss 100% of the shots we don't take
  • #2,615
  • Jul 1, 2014 6:41am Jul 1, 2014 6:41am
Quoting Rooi
{quote} Hi Justin Please have a look at this thread - It is exactly what you are look for - The guys in that thread are master at S/D trading - from 1 min to 4 hour. http://www.forexfactory.com/showthre...76#post7571376 I learned everything about S/D trading from this thread Price is the same on all TF and the spread is the same on all time frames - Its fractal in nature (http://en.wikipedia.org/wiki/Fractal) Hope this helps
but all he talks about are winning trades.

where are stop losses placed?
  • #2,616
  • Jul 1, 2014 7:05am Jul 1, 2014 7:05am
Quoting justin7
{quote} but all he talks about are winning trades. where are stop losses placed?
Who is "he"?

Did you read the thread?

C-12 always used a 6 pip stop on 1 min TF and enter 2 positions.

The other guys trade longer TF's
We miss 100% of the shots we don't take
  • #2,617
  • Jul 1, 2014 7:24am Jul 1, 2014 7:24am
Quoting Rooi
{quote} Who is "he"? Did you read the thread? C-12 always used a 6 pip stop on 1 min TF and enter 2 positions. The other guys trade longer TF's
I'll read more, sofar all I see are posts of winning trades. That doesn't mean success. I liked that he posted his trade statement with his losses on the first page though. I would like if he talked about as i said which trades not to take instead
  • #2,618
  • Jul 1, 2014 7:29am Jul 1, 2014 7:29am
"As for the SL and TP execution its all done via my trade manager tool (luktom) but I do sometimes drag the lines around manually. I mostly decrease the stop size as soon as I place my market order since there is usually no reason to just leave it fixed at 6 pips."

So i guess he adjusts it to his liking and there is no exact way of doing it?
  • #2,619
  • Jul 1, 2014 7:45am Jul 1, 2014 7:45am
Quoting justin7
"As for the SL and TP execution its all done via my trade manager tool (luktom) but I do sometimes drag the lines around manually. I mostly decrease the stop size as soon as I place my market order since there is usually no reason to just leave it fixed at 6 pips." So i guess he adjusts it to his liking and there is no exact way of doing it?
Quoting justin7
{quote} I'll read more, sofar all I see are posts of winning trades. That doesn't mean success. I liked that he posted his trade statement with his losses on the first page though. I would like if he talked about as i said which trades not to take instead
Hi Justin

I agree its a bit here there and everywhere.

Good luck with your trading and your journey towards the system that you desire.

All the best

Rooi
We miss 100% of the shots we don't take
  • #2,620
  • Jul 1, 2014 7:49am Jul 1, 2014 7:49am
Quoting Rooi
{quote} {quote} Hi Justin I agree its a bit here there and everywhere. Good luck with your trading and your journey towards the system that you desire. All the best Rooi
thankyou Rooi, it's a shame he only boasts about winning trades on his thread and how to win and not more on how to stay away from losing . Don't mean to be negative, but I've seen too many threads and systems where it's nothing but boasting and posts of winning trades on here.
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