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

Hi Rooi - one nice post deserves another

I found a template from around this time last year and applied it to the Dax.....it picked up that 100 pt rally nicely

Best

Islander

Hi Captain

Thank you for stopping by.Always love your posts.

Yes plenty of development last year

I am happy to see you are still killing the DAX and I am happy to report the EJ is back to her old self with really nice ranges of bigger than 100 pips most days

I pop in frequently to your thread to make sure I'm not missing out on any magix

All the best

Rooi

+ 8.7 and done - Missed my money maker today



Trade 1 = - 6

New daily high formed and it was a continuation trade as well as news not to far away so only 1 TP

MPM = + 0.7
MNM = - 6
MCC = -6.8

Trade 2 = +7.6

Reversal of the days high so for and nice clean signal shortly after news so 1 TP

MPM = +18
MNM = -2.7
MCC = +3

Trade 3 = -6.6

Buy into Resistance so 1 TP

MPM = +3
MNM = -6.6
MCC = -6.6

Trade 4 = -6.1

Sell into lows on signal and weary of going into a ranging area here and 1 TP. Entered after the retrace or Failure To Return Bar which I like to trade against.

MPM = +2.8
MNM = - 6.1
MCC = - 6.1

Trade 5 = +7.2

Sell again after news and LO.Waited for the new price lower for the range.

MPM = +13.2
MNM = - 3
MCC = + 3

Trade 6 = +7.9

Buy into previous heavy resistance and multiple levels

MPM = +8.8
MNM = - 4.2
MCC = 1.1

Trade 7 = + 4.7 ( Sh!tty fill IMHO but it happens ) + ( Should have tried to squeeze a bit more out of this trade as it did have lot going for it.Oh well)

Sold a tad late on the signal but waited for a slightly lower price to give a bit of confidence to direction but it can be a disadvantage as well bus scarifying the 2 pips instead of 1pips

MPM = 29
MNM = -1.5
MCC = 10.2

Rooi

-1.8 and a headache this morning.Looking for another signal maybe

40.9 pips for the week and 4 winning days out of 5.

Trade 1 = +7.8

Normal sell on signal

MPM = 13.5
MNM = - 1.6
MCC = 5.6
TIT = 14min

Trade 2 = -7.2

Bought the sinal reversal off the low of the day so far.Brought the break of the LH.

MPM =+1.8
MNM = - 7.8
MCC = -8.1
TIT = 12min

Trade 3 = -7.4

Reversal entry into the low of the day.Playing the signal as it comes

MPM = 0.6
MNM = -7.4
MCC = -6.5
TIT = 28min

Trade 4 = -7.6

Buying on the breakout signal and improved price.In hindsight it looks sh!t but the very next signal played out.Just the market kicking me in the balls a bit.(Not really.It is what it is)

MPM = 0
MNM = -7.6
MCC = NA
TIT = 1min

Trade 5 = 8.3

MPM = 11.2
MNM = -6
MCC = 1.2
TIT = 11min

Trade 6 = -2.4

Selling the signal lower into some heavey support at the days low

MPM = +4.1
MNM = -6
MCC = -1.2
TIT = 28 min

Trade 7 = + 6.7

Closed prevoius trade reversed because of new siglan that formed

MPM =
MNM = -1
MCC =
TIT = 6min

Will write review this weekend

Rooi





PS - TIT = Time In Trade ( TIT )

Have to really start looking at re-entry and trading a bit longer.

Staying focused for longer is not always easy ( keep on keeping on )

Rooi

Round up of the week

Mon +12.3 in 6 trades
Tue +18.5 in 3 trades
Wed + 3.2 in 5 trades
Thu +8.7 in 7 trades
Fri -1.8 in 7 trades

Nice week for getting back into the action and nice for it to be green.Really just need to work on focus in the new year pushing to try and trade a bit longer.

Most of the days I traded for about 2.5 hours and everyday there was more action to be had after I stopped.

Not complaining just looking to improve as much as possible this year.

Rooi


Note to self -

The more learning ground I can cover each day the closer we get to the mountain,where the real challenge beginsWelcome to the grind!

Attached Image (click to enlarge)

Welcome to the GRIND

+9.8

Trade 1 = -3.2

Short on signal.Market still thin but entry none the less

MPM = 5.2
MNM = - 3.2
MCC = -2.3
TIT = 20min

Trade 2 = -6.3

Reversal entry of trade 1 and sluggish PA thus far but no news just yet or anything.best beware of a possible range forming

MPM = +2
MNM = -6.3
MCC = 4.7
TIT = 20min

Trade 3 = -8.7

Reversal from trade.
Clear range formed now.Late entry as well.keep calm and trade your plan.


MPM = +0.2
MNM = -8.5
MCC = -8.5
TIT = 2min



Trade 4 = + 8.7

Nice breakout pattern forming

MPM = +9.1
MNM = - 4.6
MCC = - 1
TIT = 17 min

Trade 5 = +7.2

Classic reversal pattern forming with a break below the initial support level.Still not the best place for a short.Trade the plan

MPM = 10.3
MNM = - 1.2
MCC = +.05
TIT = 6 min

Trade 6 = +7

Support formed and traded the reversal.Classic signal entry.

MPM = +19
MNM = - 2
MCC = +3
TIT = 5min


TRade 7 = -2

Sell with the break of the support area but hate this pattern.(Will review.Time to make a choice about it.)

MPM = +6.2
MNM = -5.2
MCC =-6
TIT = 20min


Trade 8 = + 7. 1

Buy after big bullish candles that formed at the base of the previous big rally


MPM
MNM = -5.4
MCC =
TIT = 27 min

Notes: Plenty more to be had.Keep focused.You are far from what can be achieved


Most Consecutive losers = 3
Size of the range that I traded = 28


Rooi

-2 after 4 trades today.2 nice trades that followed after I had to stop..I would have been in a nice profit.Anyways

Family BS so no serious journalling today

Nice to see how far I have come since last Januarie where I was trading completely differently if you look here.
http://www.forexfactory.com/showthre...82#post7202982

Will be back tomorow.

Rooi

+11.2 and done for today.

Have some things to do just like yesterday but at least this is the last of it.

Rooi

+2.2 and done

-1.4 and done for today.

I'm feeling sluggish and EJ is like a beast this morning (Not that I mind when I'm up for it but when I'm not it can be scary)

Finished my 2nd week positive week for the year.My biggest goal for the year is not to have one negative week for the year with this system.

Today's EJ will most probably print 200pips for the days range but I dont feeling like taking any further risk with it.

Trade 2 and 3 went nicely into profit and I dint close and then its very painful to close for a loss.With ranges like now SLs need to be big and its too much of a head ache today

Good weekend to all

Rooi

Last weeks round up.

+19.8 for the week.

Although I had several days where I just scraped into profit I still ended on a positive week.

There were 2 days when other matters needed my attention but now there should not be such problems in the near future I hope.

I dint do all the data recording that I wanted to bu will focus again on it in this new week.

Rooi

14.6 in 4 trades today

Trade 1 = - 9.9

MPM = 0.5
MNM = - 10
MCC = - 10
TIT = 6 min

Trade 2 = +9.4

MPM = 11.8
MNM = -5.7
MCC = -1
TIT = 22min

Trade 3 = +8.3

MPM = +18
MNM = -7
MCC = 0
TIT = 18min

Trade 4 = +6.8

Really good trade and had the feeling it would run and in future I will look to capitalize more on weighing the risk and taking the profit this morning I opted for the safer route.Not always the best thing but oh well.Working on getting better.

MPM = 42
MNM = -2.4
MCC = +30
TIT = 8 min

Rooi

+16.6 for today and done before the ZEW news

Trade 1 = +10.8

MPM = 12.8
MNN = -1
MCC = +2.7
TIT = 8min

Trade 2 = + 6.5

MPM = +17
MNN = - 4
MCC = +4
TIT = 6min

Trade 3 = -8.6

MPM = +1
MNN = -8.6
MCC = -8.6
TIT = 3 min

Trade 4 = +6.8

MPM = +21
MNN = -2
MCC = +3
TIT = 2min

Trade 5 = +1.1

Bailed out of trade so no stats.

All in all a nice day,

Rooi

+11 and done in three trades

Trade 1 = -7.9

MPM = +6.6
MNM = Discarding this as I have gathered what I want from it.
MCC = Not using this anymore as it is already proving that it is not helpful to use as a lose on revers order when closing a optional TP2
TIT = 13min

Trade = +9.4

MPM = 40
TIT = 18min

Trade 3 =+ 9.5

MPM =10.1
TIT = 6min


Rooi

+30.2 and done for the day

Trade 1 = + 9.8

MPM =15.9
TIT = 13min
CCOMA = +6.6

Trade 2 = -2.8
BS trade as I was in the mindset of the ECB is going QE and so EJ must drop bla bla bla.Not what the system is about.Trade the signals not the "I think BS"

MPM = +3.8
TIT = 6 min
CCOMA = N/A as TP1 level wasn't reached

Trade 3 = + 17.3

MPM = +27
TIT = 3min
CCOMA =+ 15.7

Trade 4 = + 5.9

MPM = +26
TIT = +11
CCOMA = +17

Rooi



CCOMA = Candle Close Over Moving Average

+9.9 and done for the week.

5 out of 5 winning days for the week.

Will write review on the weekend

Good weekend to all

Rooi

well done mate

Thank you very much

Hope your trading has been good as well.

Still busy with the MTF Stochastic method ?

All the best and have a good weekend

Rooi

+22.4 and done

Could have been a really nice day.

EJ printing massive ranges.First time I'm trading the EJ when it is like this,should be enjoying it but its a little scary for now IMHO,Suppose it can be done easily much like Strada who use to trade oil in a similar way.Just gaining the experience.RINSE AND REPEAT

Rooi