Definitely don't take it personally, I've fallen into that trap myself and that's when serious damage to your account can happen, revenge trading, etc. I do my best to "get over" every trade after it's closed, winner or loser, and move on to the ...

The Art of Trading with MTF Stochastics

Hi kudzu, Thanks for posting your thoughts. Spud's original rules for his escalator system (which is the one I find to work better during a ranging market) is that you let the movement of the stochastics determine your profits. Get out when the 15m, ...

The Art of Trading with MTF Stochastics

entering on the pullback example — Hey smikester, here's an example of entering on a pullback that I took last night. Notice at my entry point the 15m is headed back up, I went short anyway because as you can see the 30m and 1h were both ...

The Art of Trading with MTF Stochastics

Canuck and Jeff and whoever else, Do you guys trade the opening of the euro and london sessions? I'm on the west coast so that's 11pm and midnight respectively (for me). Good times to trade for night owls with day jobs like myself.

X50 - M5 trend following

Whoops, you did already answer that one. Sorry to clutter up the board! I'll demo trade the 15m and post my results...

X50 - M5 trend following

Good work Canuck. Do you only trade the 5m? Ever trade the 15m or higher and go for larger moves?

X50 - M5 trend following

Smikester I know exactly what you're talking about as I've noticed the same thing. This is where comparing the 15m to the 30m and 1h can be helpful. If there is a pullback and the 15m starts to turn over but the 30m is unaffected you can wait for ...

The Art of Trading with MTF Stochastics

tonight's trade — Here's a trade I took this evening for +80 pips. I was late getting in and the 15 and 30 were already overbought. I still took it though because there was a nice steep slope on the 1h which still had plenty of room to move ...

The Art of Trading with MTF Stochastics

Nice work Marcin. Were you tempted to take a long trade on that move up right before your short trade? I know I would have. Been tempted that is. =)

The Art of Trading with MTF Stochastics

Those are the exactly the kind of trades I was losing on this past week. I'd gotten accustomed to ignoring the 4hr stochastic and just relying on the 15m, 30m, and 1hr in order to get quicker, and more numerous signals. However, if you do that in a ...

The Art of Trading with MTF Stochastics

trending vs ranging — The MTFS system(s) work a lot better (for me) during ranging markets. Has anyone had good success trading MTFS during trending markets? I read Spud's elasticity overview, he makes it sound so easy...

The Art of Trading with MTF Stochastics

Thanks for the kind words smikester, it usually takes my posting to a public forum before I figure out I already knew the right answer. =)

The Art of Trading with MTF Stochastics

Well I had a good couple of weeks including a stretch of 9 winners in a row. This week though, the GBPJPY has started to trend and I've been getting in too early, too eager to trade, and going against the trend. Just need to relax and focus on the ...

The Art of Trading with MTF Stochastics

Bad market conditions for MTF? — I'm getting absolutely killed this week, I'm going back to demoing for a few weeks I think. Is anyone using the MTF method having a better go at it lately?

The Art of Trading with MTF Stochastics

Thanks Glenn, this does help. I'll be looking more closely when I get home from work. Do you ever trade the asian session or do you prefer the london session? I can usually stay up for the first couple of hours of the london session, I'm wondering ...

The Art of Trading with MTF Stochastics

Congratulations Glenn, could you post the charts of your trades? I'd be interested in seeing your setups. Thanks!

The Art of Trading with MTF Stochastics

Hi Cancuck, Correct me if I'm wrong, but it looks like one of the signals that gets you in is when the stoch crosses the 50 line, is that right? On another note, after a string of about 9 straight winners I got overconfident started taking some bad ...

The Art of Trading with MTF Stochastics

tonight's trades — Hi everyone, There was some great trading tonight! I made 3 profitable trades: AUDJPY, GBPJPY, and EURJPY for +10, +20, and +10 pips respectively. Notes: - More and more I'm liking waiting for the 15m to break over the 50 ...

The Art of Trading with MTF Stochastics

Tonight's trades — Here are two trades I took this evening, both for +10 pips. These occurred during the asian session and as you can see the market was ranging. This is pretty typical for the asian session even with yen-based pairs unless ...

The Art of Trading with MTF Stochastics

Set it and forget it? — Is anyone here doing 'set it and forget it' trades using any of the mtf systems? Marcin, and anyone else going for small profit targets (10 pips or so) are you monitoring your trades closely or just putting in stop loss ...

The Art of Trading with MTF Stochastics