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  • #281
  • Jan 13, 2015 1:55pm Jan 13, 2015 1:55pm
Quoting nsn14
{quote} Say for example , take 30 minute chart as smaller TF, and Daily chart as Larger TF, I attached EU Daily chart which show Stoch going up leaving OS area.. In smaller TF, for 30 minutes, Stoch is heading down.... Question: If we traade using 30m chart, we will refer to Daily...and we will wait for Stoch to head up as we should not trade against Longer TF (Which is Daily in this example...)? {image} {image}
Just because you are looking at a daily chart doesn't mean that is the trend! Trend is down so wait for the daily to become overbought. Now you are giving me two different time frames, the 30 minute and the daily. Statistically we cannot compare the two because the are so different. If you were to trade the 30 minute pick something like the 120 min chart to reference your entry.

I would pick two or three time frames from the following options:

15 min, 60 min, 240 min, daily, weekly, or monthly. (never pick time frames that differ greatly from one another like you did, it is a lot harder to interpret any prices action and correlation for that matter). Notice these time frames divide almost equally into one another that is statistically important in my opinion if you have a multi chart strategy.
  • #282
  • Edited Jan 14, 2015 1:48am Jan 13, 2015 7:27pm | Edited Jan 14, 2015 1:48am
Quoting nsn14
{quote} Say for example , take 30 minute chart as smaller TF, and Daily chart as Larger TF, I attached EU Daily chart which show Stoch going up leaving OS area.. In smaller TF, for 30 minutes, Stoch is heading down.... Question: If we traade using 30m chart, we will refer to Daily...and we will wait for Stoch to head up as we should not trade against Longer TF (Which is Daily in this example...)? {image} {image}
M30 4 time larger TF(m30*4=2H) is H4. Since daily tf is already at OS, use H4 as ur trend direction, trade EU down per ur M30. thxEDIT: eu looks like in a turning point, even it is in the ob area, trade with care. it can go up or down.
  • #283
  • Jan 14, 2015 3:29am Jan 14, 2015 3:29am
This strategy is very simple in theory but not easy to execute in the market. Please post some charts for analysis.
The way I understood is that look at 3 time frames. The biggest TF is the direction you will trade. The middle TF must be either OB or OS and the smallest TF cross of the indicator is the trigger. And extra safety net is that the month TF is the real trend.
I still took so many wrong entries.
Please advise me on where I am going wrong
  • #284
  • Jan 14, 2015 7:33am Jan 14, 2015 7:33am
Quoting teldon
This strategy is very simple in theory but not easy to execute in the market. Please post some charts for analysis. The way I understood is that look at 3 time frames. The biggest TF is the direction you will trade. The middle TF must be either OB or OS and the smallest TF cross of the indicator is the trigger. And extra safety net is that the month TF is the real trend. I still took so many wrong entries. Please advise me on where I am going wrong
basically ur correct, just need more practise. in ur case 2nd tf has to be the same direction as the trend of 1st one and 2nd has to pass ob/os, then when smallest 3rd reached ob/os, place ur order.

thx, 101
  • #285
  • Jan 14, 2015 8:25am Jan 14, 2015 8:25am
Quoting FXyao
{quote} basically ur correct, just need more practise. in ur case 2nd tf has to be the same direction as the trend of 1st one and 2nd has to pass ob/os, then when smallest 3rd reached ob/os, place ur order. thx, 101
Hi FXyao

please can you tell me what settings you are using for the stochastics

thanks

RT
  • #286
  • Jan 14, 2015 11:55am Jan 14, 2015 11:55am
Update, been a little more active this week. Profit factor now over 700.
Attached File(s)
File Type: pdf new.pdf   125 KB | 1,074 downloads
  • #287
  • Jan 14, 2015 3:34pm Jan 14, 2015 3:34pm
Great work there investing 101.

Been following the thread for a few weeks now and made some successful trades on a very small account to build up some confidence. I love the simplicity of your system, hope I can get to your level someday, thanks for posting.

Martin
  • #288
  • Jan 14, 2015 6:58pm Jan 14, 2015 6:58pm
Quoting investing101
Update, been a little more active this week. Profit factor now over 700. {image}
Great job, 101.
  • #289
  • Jan 14, 2015 6:59pm Jan 14, 2015 6:59pm
Quoting RougeTrader
{quote} Hi FXyao please can you tell me what settings you are using for the stochastics thanks RT
RT;
8,3,3.
  • #290
  • Jan 14, 2015 7:02pm Jan 14, 2015 7:02pm
Quoting FXyao
{quote} RT; 8,3,3.
Like alien style stoch 8,3,3 mimic price action
FXerha
  • #291
  • Jan 15, 2015 12:56am Jan 15, 2015 12:56am
Quoting FXerha
{quote} Like alien style stoch 8,3,3 mimic price action
Thanks guys. That's what I thought.......... I have been using aliens system for some time and it seems to work perfectly for this system
  • #292
  • Jan 15, 2015 12:38pm Jan 15, 2015 12:38pm
I found one thing that personally irritates me over the years, people filling their charts with so many lines and indicators. Believe me I have done that before and it is all garbage. Keep it simply! all you need is price action and momentum in your side to be successful. Why have 10 indicators on your chart when all ten of your indicators are based on an identical statistical model (price). If you personally have to have multiple indicators on your charts choose indicators that are not correlated: volume, price, and level 2.


Quoting RougeTrader
{quote} Thanks guys. That's what I thought.......... I have been using aliens system for some time and it seems to work perfectly for this system
  • #293
  • Jan 15, 2015 12:56pm Jan 15, 2015 12:56pm
Quoting investing101
I found one thing that personally irritates me over the years, people filling their charts with so many lines and indicators. Believe me I have done that before and it is all garbage. Keep it simply! all you need is price action and momentum in your side to be successful. Why have 10 indicators on your chart when all ten of your indicators are based on an identical statistical model (price). If you personally have to have multiple indicators on your charts choose indicators that are not correlated: volume, price, and level 2. {quote}
Marck, can you post some charts? thx
YOUR MOTHERS ASS
  • #294
  • Jan 15, 2015 1:27pm Jan 15, 2015 1:27pm
I believe you are 100% correct all those indicators to me are useless. Why would you need an indicator when the data is telling you the story. All you need is a Trend Line, Support / Resistance , Fibonacci's and the daily trading range on a 60 Min chart, if you are day trading. The larger the time frame the easier it is to see direction.
  • #295
  • Jan 15, 2015 1:27pm Jan 15, 2015 1:27pm
I posted some on previous posts.

Quoting santos23
{quote} Marck, can you post some charts? thx
Attached Image (click to enlarge)
Click to Enlarge Name: Image 2.jpg Size: 282 KB
  • #296
  • Jan 15, 2015 4:27pm Jan 15, 2015 4:27pm
Quoting FXyao
{quote} I like the way to view overbought/oversold line in a chart instead of in an indicator window, therefore just find one similar to yours. I hope this will help whoever who wants same success in forex like you. Thx {file}

Will this indicator work on MT4? It does go in the TPL folder..
  • #297
  • Jan 15, 2015 7:15pm Jan 15, 2015 7:15pm
Quoting 12hrman
{quote} Will this indicator work on MT4? It does go in the TPL folder..
Of course, this is mine. thx
Attached Image
  • #298
  • Jan 16, 2015 6:08am Jan 16, 2015 6:08am
im flattered by the simplicity and how much sense this system makes. im using the multiple stoch's indicator posted a couple of posts ago.
i've attached my templates as I combined them in one window.

PS: I tried to use the FFx RSI indicator but im unable to get it to run as I cant access the market place. That could be also very useful too.
If anyone could help out on getting that indicator... highly appreciated.

ksh
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
Attached File(s)
File Type: tpl ksh stoch M15.tpl   3 KB | 267 downloads
File Type: tpl ksh stoch M30.tpl   3 KB | 261 downloads
File Type: ex4 multiple period stochs.ex4   5 KB | 354 downloads
  • #299
  • Edited 3:04pm Jan 19, 2015 2:44pm | Edited 3:04pm
Hey guys, I think ive finally seen the light with this method over this weekend whilst studying over the thread again, all i can say is that the overbought areas are not the main focus like everyone is making out, its all about when the higher timeframe oscillator leaves the overbought/sold area and the timeframe oscillator below that one goes against it briefly like a pull-back and back in direction with the higher TF, this is when you should get into the trade.

Attached Image
YOUR MOTHERS ASS
  • #300
  • Jan 19, 2015 4:41pm Jan 19, 2015 4:41pm
here a nice mtf stoch by zznbrm
Attached Image (click to enlarge)
Click to Enlarge Name: mtf true stoch.png Size: 43 KB
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