Same here. Even though there are levels that can be drawn all over the place based on various reasons (round numbers, monthly reversal areas, etc) we can't catch them all. I think the pivots are just as good as any other S/R and they are objective ...

MTF Stochastics Trading

Ya...good post. I've entered early on the CTF cross before and took pips. I dunno. Screw this trading stuff. I'm just going to win the lottery Not sure why you don't like the pivot S/R. Man, I see them being respected so often its ...

MTF Stochastics Trading

I agree about not trading against the higher time frame but when I put the 30 min stoch on a 5 minute chart the 30 min is pretty much never above the 50 when the 15 minute is crossing - from my observations anyway.

MTF Stochastics Trading

I didn't trade yesterday - was too lazy Ya...that method seems very strict...not sure how many trade opportunities are going to come up. On a side note, I have noticed while using this method that when the CTF stochs are in the extreme areas ...

MTF Stochastics Trading

The problem I found with putting the 30 minute stoch on the 5 minute chart is that the 30 minute is never above the 50 when the 15 minute is crossing and vice versa for a short.

MTF Stochastics Trading

Daily pivots.

MTF Stochastics Trading

Trade on the GA. I jumped the gun a bit on this one but since the MTF stoch was crossing the 50 and price was coming off the mid level pivot support I entered and took 30 pips at the S1 level above. Just one trade for the day I think. I am starting ...

MTF Stochastics Trading

Trade on GA. MTF stoch was under 50 at the 18:00 mark and down from the daily pivot so I entered when the CTF stoch lined up with the MTF. I manually closed when the trade got to a support area around 1.76215. That was 11.2 pips in the bag. About ...

MTF Stochastics Trading

First trade of the day +11.6. Got taken out by trailing stop just as stochs were turning anyway.

MTF Stochastics Trading

I'm a millionaire with hindsight :-)

MTF Stochastics Trading

Well. I am done for the day. Got my ass handed to me this morning. Not a great start to the week :-(

MTF Stochastics Trading

Trade on GJ. MTF stochs started to cross up and out of the 20 zone so I closed the trade for +3.7 pips. I hope it isn't just a retracement :-(

MTF Stochastics Trading

Trade 2 for the day. Stopped out at break even +. I took the trade early when the CTF and MTF where aggressively heading down past the 50 @ 16:15. Once I was 10 pips in profit I moved to B/E + 1.8. I always struggle with the idea of moving stop to ...

MTF Stochastics Trading

Awesome start to the morning. The MTF stoch just crossed the 50 @ 14:45 and I took the trade 3 bars later when that segment of the MTF closed. We were coming down from the R1 daily pivot so I thought we had a good chance. Price reversed and I held ...

MTF Stochastics Trading

Off to a slow morning. NY session opens in 20 min so maybe things will pick up. Possible trade setting up on GU though.

MTF Stochastics Trading

Well...I am coming back to this strategy this week. I am going to hang out on the 5 minute charts and see how she goes - I have nothing better to do these days. I think there is a lot of merit to this strategy based on the results people were ...

MTF Stochastics Trading

I had no problems with them before they gave Canadians the boot.

Is Pepperstone a good broker?

I have back tested this style of strategy extensively with an automated EA. You need a massive account to be able to withstand an eventual whipsaw that will kill you - and they happen. It doesn't work.

Suggestion on strategies

Quite happy with Dukascopy and Vantage FX. I also enjoyed FX Pro before they booted Canadians.

Looking For A Good Broker

That looks textbook

MTF Stochastics Trading