Marcin, We are more or less targeting a small amount that we can confindently trade consistently. I aim for 20+ pips per day and so far I am doing very well. The key is not worrying about what happens after we exit... it doesn't matter either way. I ...

The Art of Trading with MTF Stochastics

Marcin, Sorry, I forgot to answer your question .....I don't necessarily consider what I do scalping although I am targeting between 5-20+ pips (after spread/commission) this is partly why I don't use the 5 3 3 ( a bit faster). At this point I don't ...

The Art of Trading with MTF Stochastics

Hello, Well my first trade did not end up well, partly because I had to leave the house which forced me to place an exit price. When I came home my exit was triggered ..for good reasons.... but finally my initial setup or should I say, a better ...

The Art of Trading with MTF Stochastics

Marcin, My reason were: The 15/30 were out of the oversold area although barely so. Price action had penetrated S1 level..which was acting as resistance....although not a completed 15min candle. It also broke through my trendline on the 15min chart ...

The Art of Trading with MTF Stochastics

Hello, Going long on this set up. Not concerned too much about the 4hr. crossing the 76.4....(flat for the moment after its last closed candle at 5:00am est). There might be a bit of retracement but I will hang on for it bounce back up. We will ...

The Art of Trading with MTF Stochastics

Canuck, That is beautiful!....nice going. Thanks for sharing. On my lower timeframes (1/5/15) I placed a 68.1 and a 38.2 and use those levels for confirmation/filters. I find that the 1min can be tricky so I prefer to see it cross those levels for ...

The Art of Trading with MTF Stochastics

Smikester and others, You have come to the right place!....We are all trying to make pips and keep our sanity. I am also using smaller timeframes. I have two charts on my screen. A 1min chart with 1/5/15 MTF Stoch and a 15min chart with 15/30/60/240 ...

The Art of Trading with MTF Stochastics

Tommy, Very nice trade...nothing wrong with 61+ pips! Your chart analysis are very helpful and it sharpens our own. Thanks

The Art of Trading with MTF Stochastics

Jeff, Thanks for the explanation. I have no explanation for the difference in our charts either. Perhaps the difference has to do with our broker's platform (gmt vs. gmt+2). I have read elsewhere in this forum that the candle formation can differ ...

The Art of Trading with MTF Stochastics

Hello Jeff, Nice trade but I tried to duplicate the chart you show and I could not come up with the same situation. You say that the 15/30/60/4hr were oversold then you say the 15 was on top(overbought). Did you mean the 5min and if you did I still ...

The Art of Trading with MTF Stochastics

Hello to all, I have been kind of busy but I am back. I am pleased to see that this thread, thanks to Jeff, continues to grow. It is also encouraging to see that we are all trying to follow Spud's method and at the same time finding our own ...

The Art of Trading with MTF Stochastics

Pluto, Glad to see that your templates are finally working. Go ahead and use the default parameters . I basically use the BB and the 21sma(median on the Bollinger) along with the 84 sma for trend confirmation and direction.

The Art of Trading with MTF Stochastics

Tommy, Thanks for the tip. Pluto, this time I will attach the indicators that you may not have in your platform. By the way, I have been very busy this week with just enough time to harvest my weekly average of 20 pips/day. I have a lot of reading ...

The Art of Trading with MTF Stochastics

Hello Pluto, Hmmm, not sure what is going on. Check your timeframe on your chart. The template is for 15min. This week is pretty busy for me but I will be more active in the forum next week. Ask Jeff to help you...he is very helpful. Good luck. Let ...

The Art of Trading with MTF Stochastics

Pluto, No problema.....Here it is:

The Art of Trading with MTF Stochastics

Hello Moneda, I like your charts so much. Can you post your templates? Thank you Sure Pluto, Here it is:

The Art of Trading with MTF Stochastics

Good morning, Jeff, are you ready for some Fo..... Hope you are doing fine. This week we have friends visiting us from Colorado so over the weekend I have been reviewing the Thread method. I think I am going to base my entries on the 4hr and fine ...

The Art of Trading with MTF Stochastics

Bundubill, Do you already have the MTF Stoch indicator? If not you will find it here: url Post #806 To put different MTF Stoch timeframes you must first open one window with your first MTF Stoch (15min) then the remaining three all you need to do ...

The Art of Trading with MTF Stochastics

Pip, I will not be needing the Cortaid today... I looked at my week's results and I was a bit dissapointed with my profits so my hand began to itch...Just one more...but I purposely distracted myself with a couple of chess games online and the ...

The Art of Trading with MTF Stochastics