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

  • #121
  • Mar 13, 2015 3:22am Mar 13, 2015 3:22am
Quoting Rooi
{quote} Nicely done mate I have done it many times in the past but my rule for it works like this : If there is not 4 pips or more between the signal and the pivot , I MUST WAIT FOR THE PIVOT TO BREAK and then it must be a decent break so that stops can go just a little below the swing or retrace that falls below the pivot.Does it always work? Not always but it works often enough that with those rules in place that the odds are I'm my favor when taking those specific setups. Remember the same setups happens the whole time and we must have specific...

thanks Rooi, many thanks much appreciated.

It was a pre-coffee hasty decision, it broke the pivot by a pip or two, but it wasn't convincing to be honest and there's normally a retest after a good move which I could take anyway.

banked that lesson.

cheers
  • #122
  • Mar 13, 2015 3:29am Mar 13, 2015 3:29am
Quoting stricky1967
{quote} thanks Rooi, many thanks much appreciated. It was a pre-coffee hasty decision, it broke the pivot by a pip or two, but it wasn't convincing to be honest and there's normally a retest after a good move which I could take anyway. banked that lesson. cheers
But you did beautifully by not panicking wit the reverse color change firing

All the best
We miss 100% of the shots we don't take
  • #123
  • Mar 16, 2015 3:17am Mar 16, 2015 3:17am
snatched 23 pips, not very elegant but a profit
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  • #124
  • Mar 16, 2015 3:35am Mar 16, 2015 3:35am
Quoting stricky1967
snatched 23 pips, not very elegant but a profit {image}
Hi

Im +18.3 thus far.

Should have bought in the same place that you did slow on the draw this morning

Your grinding out solid pips everyday now

All the best and see you tomorrow.

I am looking for some more,maybe a bit later.

All the best

Rooi
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We miss 100% of the shots we don't take
  • #125
  • Mar 16, 2015 5:36am Mar 16, 2015 5:36am
Quoting Rooi
{quote} Hi Im +18.3 thus far. Should have bought in the same place that you did slow on the draw this morning Your grinding out solid pips everyday now All the best and see you tomorrow. I am looking for some more,maybe a bit later. All the best Rooi {image}

nice one Rooi

Was a little nervous this morning , I suppose I was expecting the market to be very quiet given there was no news scheduled.

I need to hold a bit and keep a target in mind whilst in the trade i.e. recent high or lows/pivots , s&r.

cheers and good luck
  • #126
  • Mar 17, 2015 1:53am Mar 17, 2015 1:53am
+46 in about 25min in front of the chart

Wish I could say it was skill but I have taken many of these that both go against me and go for me.At the end of it all its about following the signal and making winners bigger than losers

Even saying that.Pretty Damn lucky this morning.Even nailed it to within 2 pips of the spike high's top.

Gary Player said : " The harder I practice,the luckier I get "

Rooi
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We miss 100% of the shots we don't take
  • #127
  • Edited 2:19am Mar 17, 2015 1:56am | Edited 2:19am
Quoting Rooi
+46 in about 25min in front of the chart Wish I could say it was skill but I have taken many of these that both go against me and go for me.At the end of it all its about following the signal and making winners bigger than losers Even saying that.Pretty Damn lucky this morning.Even nailed it to within 2 pips of the spike high's top. Gary Player said : " The harder I practice,the luckier I get " Rooi {image} {image}

Nice, took the same trade out at 19 pips, missed the spike.

It was down to a scheduled BOJ press conference that started at 06:30

EDIT : added pic
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  • #128
  • Mar 17, 2015 2:00am Mar 17, 2015 2:00am
Quoting stricky1967
{quote} Nice, took the same trade out at 19 pips, missed the spike. It was down to a scheduled BOJ press conference that started at 06:30
Well done.Please share a pic if you dont mind as I want to see your entry please

There will be many many more like this in future.If you are there in bad times you can be there in the good times

Still doing the DOW in the afternoon ?
We miss 100% of the shots we don't take
  • #129
  • Mar 17, 2015 2:26am Mar 17, 2015 2:26am
Quoting stricky1967
{quote} Nice, took the same trade out at 19 pips, missed the spike. It was down to a scheduled BOJ press conference that started at 06:30 EDIT : added pic {image}
Thank you.

Nicely done with the short.

Rooi
We miss 100% of the shots we don't take
  • #130
  • Mar 17, 2015 2:34am Mar 17, 2015 2:34am
Quoting Rooi
{quote} Still doing the DOW in the afternoon ?
just keeping an eye on it at the moment Rooi, it needs a wider stop at the open but you get a decent move after the fireworks.
  • #131
  • Mar 17, 2015 2:34am Mar 17, 2015 2:34am
Quoting Rooi
{quote} Thank you. Nicely done with the short. Rooi
thanks
  • #132
  • Mar 17, 2015 2:40am Mar 17, 2015 2:40am
Quoting stricky1967
{quote} just keeping an eye on it at the moment Rooi, it needs a wider stop at the open but you get a decent move after the fireworks.
I agree.Every day when I am done making my pips I sit and take and make notes till about 4 hours after LO and work on the different ways of being in the trades.
It helps growing the confidence.

I always think about the huge amount of negative experience one has had learning and going through a lot of pain and mistrust in everything.We need to rewire ourself for a long time and the the upside becomes exponentially bigger in my opinion

Takes time just repeating the same old same old patterns and actions
We miss 100% of the shots we don't take
  • #133
  • Mar 18, 2015 2:40am Mar 18, 2015 2:40am
about - 10 pips

Tight range of 33 pips so far.Looking for it to widen a bit
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We miss 100% of the shots we don't take
  • #134
  • Mar 18, 2015 3:26am Mar 18, 2015 3:26am
Even now
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We miss 100% of the shots we don't take
  • #135
  • Mar 18, 2015 3:33am Mar 18, 2015 3:33am
+21

bit of a fight today, see you took the same short trade after FO as me was a git that one, managed to f**k up and enter double risk too. Totally suckered in short, broke the low with a crafty bear trap and then went north, had a few chances to close at BE but didn't.

rise and grind, like it

good luck, all the best
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  • #136
  • Mar 18, 2015 3:41am Mar 18, 2015 3:41am
Quoting stricky1967
+21 bit of a fight today, see you took the same short trade after FO as me was a git that one, managed to f**k up and enter double risk too. Totally suckered in short, broke the low with a crafty bear trap and then went north, had a few chances to close at BE but didn't. rise and grind, like it good luck, all the best {image}

Hi

Very nicely done

Excellent chart and good discipline on a difficult morning.Was bound to happen as we have had some good ones recently

Thank you for sharing your chart and offering a different perspective on the action this morning.Is nice to see

I hope you will keep sharing in the future

Rise and Grind --> Glad you like it

Enjoy your day

Rooi
We miss 100% of the shots we don't take
  • #137
  • Mar 19, 2015 2:26am Mar 19, 2015 2:26am


Out of sync or fukcen something
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We miss 100% of the shots we don't take
  • #138
  • Mar 19, 2015 3:08am Mar 19, 2015 3:08am
In the money now
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We miss 100% of the shots we don't take
  • #139
  • Edited 3:44am Mar 19, 2015 3:32am | Edited 3:44am
me too, scrappy day, but finished up around 10 pips or so. need to let trades run a bit though. Notice how the FO bull trap got us again today....? Hmmmm
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  • #140
  • Mar 19, 2015 3:44am Mar 19, 2015 3:44am
Quoting stricky1967
me too, scrappy day, but finished up around 10 pips or so. need to let trades run a bit though. {image}
Nicely done.Pips are pips

We both were a little jittery today but confidence will forever continue to grow with it

Chart below shows TP 2 exits in my opinion

Should have been a very good day

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