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- marcin25 replied Nov 27, 2007
Hi Canuck I agree with you. that is natural that everybody when entering the trade is trying to look for possible many factors(price action,S/R,Pivot,candle patterns) which all together are in agreement and that is the way to maximize safetynet of ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 27, 2007
that is what I thought,that your entry was more based on price action(below pivot) and your good grasp and experience with this pair. I am + 7.5 pip for now but my trade was definitely a scalp trade so I dont post it .
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 27, 2007
Hi Canuck glad you made 29 pips,but for me it seems very dangerous to enter the trade when 15/30M are already in oversold area especialy when 4H is curling in area of 50 line.I dont like the position of 4H,as I made in the past some loosing trades ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 26, 2007
that is my last trade today for +7.8 pips . The 4H stoch position was not good but it was very flat so I decided that it is safe enough to grab some pips.I liked the daily stoch.which was well below 20 line and flat. This trade would bring you over ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 26, 2007
my second trade today for +10 pips. it is example of agreement trade,but it is faraway from classic setups. The stochastics are quite messy,not tight,and that tells me that the up moves will be weak so I am aware I am chasing for 5-10 pips. I exited ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 26, 2007
Hi Jeff It is true that spoting good entry it is easier that exiting at the right moment.My exit rules are based on stochastics behavior.I look how they moves with relation to each other and in relation to price.my initial stop is always 50 pips and ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 26, 2007
my today trade with +10 pips profit,very nice and clear setup of elasticity trade,its my favourite. Look at the the 4h/1Hs stochs.they are very high at 90 line,1H flat and 4H pointing up a littile,it cant be better. 15M just crossed 50 line and ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 26, 2007
Hello As I remember from Spud's thread he suggested to observe the behaving of stochastics evrey day just to practice and not getting rusty. Mayby you can help me as I am looking for some kind of program which can record the stochastics movement so ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 26, 2007
Look at this chart,it looks like good setup,nice elasticity trade with 15M snaping back to 4H/1H/30M being below 20 line. I entered this AJ trade on Friday and lost 60 pips.I would be a winner at the end but due to my account size 2500$ I couldnt ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 22, 2007
that is my today trade for +8 pips. I entered below yellow ,dotted line (daily pivot) and exited when price touched pivot line. 15/30M and 1H crossed 20 up and all have good angle,I know it was against 4H but I traded together with daily stoch.which ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 22, 2007
watch the EU,it could be nice short soon,when 4h cross 80 down with 15 and 1H,30M below 20line
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 22, 2007
Smikester — I dont set TP and SL.I always watch the screen when I have the trade opened.I dont have any idea if some big boys are hunting but it hapened many times my SL was hit when I set it,so now I dont use it anymore unless I open a trade ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 21, 2007
that is my trade on GJ which I made couple of minutes ego,I exited +9.9. i took only a 2 or 3 minites and I could wait longer but didnt like the position of 30 m stoch and when I got +9.9 ,my daily target ,I just get out of trade. There seems to be ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 20, 2007
PipAV8tor It looks like your thoughts are very similar to mine,I didnt take a trade this week altough it was some opportunities but not the ones I feel comfortable with.I enterred only one trade today but exited very quickly. that is very impotant ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 20, 2007
Hi Moneda Actually I do the same as you,I am using 4H an 1H support and resistance but I have on my chart pivots as well and when I see the price action(morning stars,evenings,long shadow,engufling,doji etc..) on this levels thats the nice ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 20, 2007
Hi That is my entry whcich i made a couple of minute before on A/J. I exited with +1.7 profit.After I entered I realized I am just against a pivot and that is the reason I exited with only +1.7. Apart from that I think it was not so bad setup of ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 16, 2007
Jeff I completely agree with you,Stochastic should be our basis in trading,but we cant forget about price action and overall condition of market. It was good week for me,hope it was good for everybody. See you Monday , thank you.
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 16, 2007
PipAV8tor You really helped me to understand that,my all attention was completely on stoch.behavior and I was sad because I was wondering why I didnt want to go down.Now I can see that suport,although I exited with profit I had to be more cautious ...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 16, 2007
at this moment it looks like that...
The Art of Trading with MTF Stochastics
- marcin25 replied Nov 16, 2007
That is my trade on GJ which i made about 1 hour ago.(entry.exit) What make me to enter: 1H,30M and 15M stoch crossed 80 line and all of them had good angle and all together pointing down.I didnt like that the 1H bar, although crossed 80 it wasnt ...
The Art of Trading with MTF Stochastics