Attachments: Spud's MTF FIB Breakout System

Spud's MTF FIB Breakout System

#301
Sep 19, 2014 8:20am Sep 19, 2014 8:20am

BataviaTrade
Joined Jul 2011 | Status: Trader | 839 Posts

Quoting marshalmax

Disliked

I only found this thread last week. Been backtesting it solid and its fantastic. Forward tested from yesterday and I am 4 from 4 with over 300 pips profit. So simple. I now add the multiple Stoch to my daily system as well as a final confirmation when I am about to enter. I follow the original rules for breakout of yest high or low AND both stochs in 76 or 24 territory. I use the 50% point as my stop but it rarely reaches it. I aim for 20p or let it run if I am watching it or close it when longer term stoch (14,3,3) crosses the 50 line on the stoch....

Ignored

Could you share some chart images? It's great to see the thread is getting some life back.

#302
Sep 21, 2014 7:51pm Sep 21, 2014 7:51pm

marshalmax
| Joined Jul 2012 | Status: Trader | 422 Posts

Here is one trade I took on 19th.

GBPJPY broke prev day high immediately and both stochs above 76 so i waited for 1st hour to close and then entered long using the 1/2 way point between yest high and yest low as stop. It hesitated for 2 hours and then climbed rapidly. So good that at around +165pips I got nervous and manually closed the trade.

Attached Image (click to enlarge)

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Name: GJ%2B20140919%2BBREAKOUT.jpg
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Winners add to winning trades!

#303
Sep 21, 2014 9:05pm Sep 21, 2014 9:05pm

marshalmax
| Joined Jul 2012 | Status: Trader | 422 Posts

Here's one I just entered short on.

Attached Image (click to enlarge)

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Name: AC 20140922 BREAKOUT.jpg
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Winners add to winning trades!

#304
Sep 22, 2014 5:26am Sep 22, 2014 5:26am

marshalmax
| Joined Jul 2012 | Status: Trader | 422 Posts

and 8 hrs later it hit my TP of +25pips. I did the same for AUDJPY with TP of 40 and got that as well. $650 for the day. Not bad! And both are still below the 24 stoch meaning they can still drop further. Using my usual 2 candle moving stop I would still be in both with +11p locked in so far for one and BE for the other.

Attached Image (click to enlarge)

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Name: AC 20140922 BREAKOUT 2.jpg
Size: 122 KB

Winners add to winning trades!

#305
Feb 10, 2015 8:50pm Feb 10, 2015 8:50pm

HighFivve
| Joined Jan 2015 | Status: high52 | 462 Posts

anyone still using spuds methods ?

Learn THEN Unlearn

#306
Feb 16, 2015 8:54pm Feb 16, 2015 8:54pm

HighFivve
| Joined Jan 2015 | Status: high52 | 462 Posts

went short on a BO of yesterdays low and BOOM pips on the euro/aud

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Learn THEN Unlearn

#307
Edited 9:26pm Feb 16, 2015 9:09pm | Edited 9:26pm

HighFivve
| Joined Jan 2015 | Status: high52 | 462 Posts

I love this tread because we have both a BO system as well as a inside day system all in one ..who could ask for more

Thank You Spud wherever you are

Learn THEN Unlearn

#308
Edited Feb 18, 2015 5:54pm Feb 17, 2015 9:04pm | Edited Feb 18, 2015 5:54pm

HighFivve
| Joined Jan 2015 | Status: high52 | 462 Posts

went short usdyen 11913 and 11916 on inside break of 23.4 and the 73.6 stoch -- this fib was made on Y/days range
the 100 and 0 are from the high/low of yesterday..
stop is when the 1 hour stoch (red) 14,3,3 crosses back over 73.6-
emergency stop above 2 prior candles @11935-
Target is a move to the other side of stoch then we exit if it move back again though 23.4 or I might exit a S/R point..

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Name: Screenshot1.png
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Learn THEN Unlearn

#309
Edited 6:35pm Feb 18, 2015 6:00pm | Edited 6:35pm

HighFivve
| Joined Jan 2015 | Status: high52 | 462 Posts

here is my template which

has the REd 14,3,3 stoch inside the 5,3,3.is blue..

To use open a 1D chart zoom in all the way and pull the fib off yesterdays H/L

.good luck

Attached File(s)

###Spuds#.4.tpl 2 KB | 751 downloads

Learn THEN Unlearn

#310
Apr 14, 2015 2:54pm Apr 14, 2015 2:54pm

HighFivve
| Joined Jan 2015 | Status: high52 | 462 Posts

short AUD/usd 30 min crossed -- waiting for the red on the 1h to cross 73.6 --- couldn't wait so I am in early

Attached Image (click to enlarge)

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Learn THEN Unlearn

#311
Edited 5:29pm Apr 22, 2015 1:06pm | Edited 5:29pm

HighFivve
| Joined Jan 2015 | Status: high52 | 462 Posts

I have made a pdf from all spuds posts here

spud is THE man

Attached File(s)

Spud..Fib..BO.pdf 1.6 MB | 1,932 downloads

Learn THEN Unlearn

#312
May 21, 2015 6:49am May 21, 2015 6:49am

candyman752
Joined Mar 2013 | Status: Trader | 1,773 Posts

good stuff mate

#313
Jul 29, 2015 10:26am Jul 29, 2015 10:26am

tobeeme
| Joined Sep 2009 | Status: Trader | 17 Posts

Quoting HighFivve

Disliked

I have made a pdf from all spuds posts here spud is THE man {image}

Ignored

Good job, Highfivve

Thanks Spud.

#314
Aug 7, 2015 3:44am Aug 7, 2015 3:44am

nozzer
| Joined Dec 2014 | Status: Trader | 465 Posts

anyone out there,still trading this system?

#315
Aug 23, 2015 10:59am Aug 23, 2015 10:59am

Lupo.Nero
| Joined Aug 2015 | Status: Trader | 41 Posts

Anyone still trading this system?
Is better the method in first page (stoch 20/80 level) or are the same thing?

#316
Oct 27, 2015 5:46pm Oct 27, 2015 5:46pm

HelenaSam
| Joined Oct 2015 | Status: Trader | 1 Post

I traded using this system last night. Did very well. I will go over the previous notes in more detail.
Thanks

#317
Oct 30, 2015 12:46pm Oct 30, 2015 12:46pm

BataviaTrade
Joined Jul 2011 | Status: Trader | 839 Posts

Quoting HelenaSam

Disliked

I traded using this system last night. Did very well. I will go over the previous notes in more detail. Thanks

Ignored

Hi Helena

Great to read you did well. Any updates this week aka new positions taken?

regards and happy trading,
BT

#318
May 3, 2016 11:41am May 3, 2016 11:41am

Joeyd
| Joined Jul 2009 | Status: Trader | 125 Posts

Don't understand why more traders are not following this thread. It's my most consistent method. Just look through the pairs and pick the most likely to break according to Spud's rules. Not going to explain; Spud and others have already done so. Today was another great day for this method. Good trading.

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