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Multiple Time Frame Stochastic trading using 1min charts (NEW)

  • #21
  • Edited 10:26am Oct 15, 2014 12:49am | Edited 10:26am
Hi all,
Rooi as you know I on holidays at the moment but did find time this afternoon. Haven't traded since my last post.

Here's todays with TP 3 still on the table will make it my one and only today, (SL set at entry price minus 1 pip)

Will edit final pips later , lets see if it breaks BRN or it bounces and takes me out.

Regards
Anthm

EDIT, SL taken out obviously with a new long signal developed. anyways I done for +12.2 and 1/2 hours work. The long as I type looks nice on the FO, hope others are on it.
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When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #22
  • Oct 15, 2014 1:06am Oct 15, 2014 1:06am
Quoting anthm
Hi all, Rooi as you know I on holidays at the moment but did find time this afternoon. Haven't traded since my last post. Here's todays with TP 3 still on the table will make it my one and only today, (SL set at entry price minus 1 pip) Will edit final pips later , lets see if it breaks BRN or it bounces and takes me out. Regards Anthm EDIT, SL taken out obviously with a new long signal developed. anyways I done for +12.2 and 1/2 hours work. The long as I type looks nice on the LO hope others are on it. {image}
Hi Anthm

Hope you are enjoying your holiday and having some nice weather.


Nice trading this morning.Like you said for 30 min its really great.

I'm in that long with half of already and looking to see if it will pop higher.

Some nice signals formed in the 1hour before FO.Which is always a good sign that the guys are looking to move the price which is great.

All the best

Rooi


PS-Are you trading off of the hotel internet?
We miss 100% of the shots we don't take
  • #23
  • Oct 15, 2014 1:10am Oct 15, 2014 1:10am
Quoting anthm
Hi all, Rooi as you know I on holidays at the moment but did find time this afternoon. Haven't traded since my last post. Here's todays with TP 3 still on the table will make it my one and only today, (SL set at entry price minus 1 pip) Will edit final pips later , lets see if it breaks BRN or it bounces and takes me out. Regards Anthm EDIT, SL taken out obviously with a new long signal developed. anyways I done for +12.2 and 1/2 hours work. The long as I type looks nice on the LO hope others are on it. {image}
I like where you put your SL.Its where mine goes as well.
We miss 100% of the shots we don't take
  • #24
  • Oct 15, 2014 1:11am Oct 15, 2014 1:11am
Quoting Rooi
{quote} Hi Anthm Hope you are enjoying your holiday and having some nice weather. Nice trading this morning.Like you said for 30 min its really great. I'm in that long with half of already and looking to see if it will pop higher. Some nice signals formed in the 1hour before FO.Which is always a good sign that the guys are looking to move the price which is great. All the best Rooi PS-Are you trading off of the hotel internet?
Nice one, For me its off to the the Papa Uniform Bravo.
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #25
  • Oct 15, 2014 1:12am Oct 15, 2014 1:12am
+20.1 for me and done
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We miss 100% of the shots we don't take
  • #26
  • Oct 15, 2014 1:17am Oct 15, 2014 1:17am
Quoting anthm
{quote} Nice one, For me its off to the the Papa Uniform Bravo.
.
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We miss 100% of the shots we don't take
  • #27
  • Edited 1:38am Oct 16, 2014 1:13am | Edited 1:38am
+11


Tight overnight range especially just before the FO so instead of going for the break out each way I waited for the break and test.

Not that one is better than the other just a bit slow this morning thinking wise and playing it safe.Not feeling up to risking too much.

As it was a break and test it is a continuation trade and only used 1 TP so halve the risk but half the reward but still had a nice pop.

Better to be in for half the risk then watch a move that would have made money

Maybe looking for some more this morning

Rooi
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We miss 100% of the shots we don't take
  • #28
  • Oct 18, 2014 2:54am Oct 18, 2014 2:54am
Great Rooi, your trading and the after work --> PUB

cheers
  • #29
  • Oct 20, 2014 3:10am Oct 20, 2014 3:10am
+2 and calling it a day for now

Still making a lot of notes

All the best

Rooi
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We miss 100% of the shots we don't take
  • #30
  • Oct 24, 2014 1:55am Oct 24, 2014 1:55am
Haven't shared a trade in while but I do trade this everyday.Not always in the mood to post as it does take up some time.

+16 and done for the day.

Out at the low of the Asia session and not pushing to hard today as the ranges have been small.Just taking what I have and finishing without a headache or problem

Here is how my 2 screens are setup.

Left is bigger view that I use just for targets and to get on overall feel what has been happening the last two days

On the right is my trading system that I use for entries and all trades are based on this chart.

I could trade without the left 5min chart but like to have it there as reference and it shows me EurJpy.So on the left I can see the 4 individual currencies and what they are up to for whatever it might be worth.

Hope you guys have a good weekend.

All the best

Rooi
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We miss 100% of the shots we don't take
  • #31
  • Oct 28, 2014 3:26am Oct 28, 2014 3:26am
Like pulling teeth this last two mornings on GU but not done yet.Will update later.

Not always sunshine and Roses but if you want to be a trader in the good times you have to be able to do it in the bad times.

Just have to wait the bad ones out till the nice ones come along again.

Rooi
We miss 100% of the shots we don't take
  • #32
  • Oct 28, 2014 4:24am Oct 28, 2014 4:24am
Currently nursing a -4 for today and a -1 for yesterday.

Packing it in for today as dont want to throw away what I dont have currently

Days like today I like to re-read the story on the first post of this thread
http://www.forexfactory.com/showthread.php?t=507861


Hope you guys are doing better.EJ played nicely today but oh well

Oh- All the trades except for the first one is single positions


All the best


Rooi
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We miss 100% of the shots we don't take
  • #33
  • Oct 29, 2014 3:10am Oct 29, 2014 3:10am
First day back and I see the low ATR,s are also back making it extremely difficult.
4 trades to finish -7.6
Lets see tomorrow
Anthm
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When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #34
  • Oct 29, 2014 3:59am Oct 29, 2014 3:59am
Morning Anthm

Pretty much the same as you but didn't take the long into the new high of the day. I have this rule for now about it ( of course it my rule and I'm not saying one way is better than the other just sharing what I'm doing for now)

Here it is copied and pasted out of my "Rule Book"

"When we have made a new High / Low for the day and we want to play the continuation then we have to wait for the retrace and
breakout of the High/Low so that we have a new price that has been traded and that gives us a better chance for new higher or
lower prices unless the retrace of the high and low is deep enough to give us TP1 at a decent level before testing the new high
or low of the day."


Here are my trades +12

First trade was 2 positions

After that they were all singles
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Like you said about the smaller ranges.They are hampering what we need to achieve and I remember that Strada used to trade FTSE100 and WTI using Bago so I have decided start working on the DAX (DE30) as it range is much bigger and the signals seem to work nicely

I will be demo trading the DAX till at the very least 1ste Jan 2015 and will update when/if it goes live
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As always thanks for sharing your trades.Glad you are back in action

All the best

Rooi
We miss 100% of the shots we don't take
  • #35
  • Edited 3:38am Oct 30, 2014 3:14am | Edited 3:38am
+7 at the moment

First trade 2 positions again!

Rest are just single positions

Might look for some more but wont be risking more that the 7 pips I have now so at worst a Breakeven day for me.Not the best week thus far.
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We miss 100% of the shots we don't take
  • #36
  • Nov 5, 2014 12:58am Nov 5, 2014 12:58am
Lost some focus in recent days with what I though was a slow market meanwhile it was just me looking for something to blame and a reason to stay away from the trading or entering the market and using my system to its full potential.

+20 thus far and looking for some more.

As a day trader I need to push a bit harder

We all lose some focus and its been a long year so far and we just need to keep our self and our minds strong and fit.Or am I making an excuse again?

Anyway lets get busy

Rooi
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We miss 100% of the shots we don't take
  • #37
  • Nov 5, 2014 1:23am Nov 5, 2014 1:23am
+10 added

Should have been long GU

There is no knowing winners and loser before they happen
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We miss 100% of the shots we don't take
  • #38
  • Nov 5, 2014 1:46am Nov 5, 2014 1:46am
Did away with the higher time frame chart on the left. Doesn't serve me any real purpose.Just one more step in the inking process that can be removed.
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We miss 100% of the shots we don't take
  • #39
  • Nov 5, 2014 2:17am Nov 5, 2014 2:17am
Nice work Rooi, nice trading.
No entries for me today still not feeling right about the low ATRs and looking at other ideas.
Rooi could I kindly ask how you write and draw on your charts,for example the short horizontal lines you draw that may extend for 10 or 15 candles only rather than the whole chart. Also the super big question mark. ? I see you have a separate small window on the bottom called line studies is this the secret?

Kind regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #40
  • Edited 3:09am Nov 5, 2014 2:34am | Edited 3:09am
Quoting anthm
Nice work Rooi, nice trading. No entries for me today still not feeling right about the low ATRs and looking at other ideas. Rooi could I kindly ask how you write and draw on your charts,for example the short horizontal lines you draw that may extend for 10 or 15 candles only rather than the whole chart. Also the super big question mark. ? I see you have a separate small window on the bottom called line studies is this the secret? Kind regards Anthm

Thanks anthm

Finished on + 40.Very decent session.

Training myself and brain to be more confident and trust the edge and its positive effect as well as cementing the rules down for next year.

Next years target is + 50pips a day with it being 3% of account equity

In the screenshot attached you will see the toolbars drop down menu and you will see "line studies"selected with a tick.

Then in teh picture you will see the first big red arrow that point to some small lines.You can left click and drag it or right click and it will give you options.

The rest is on the screenshot.



We have a great recipe here for making pips just need to practice and believe and practice some more then we will get there.

Less is more.

Hope you will start trading again soon as well.

All the best

Rooi


PS - I use Microsoft Paint as well to draw on the "screenshot"itself as well like in the picture attached
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We miss 100% of the shots we don't take
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