Ya...consistency. I am starting to think that is a bad word What pairs do you trade form over there? I am in Mexico so I try and catch an hour or so before the NY open and then go until the London close. I am just focusing on E/J, E/U and E/G ...

MTF Stochastics Trading

Took this trade on the MTF bounce back down from the 50 level.

MTF Stochastics Trading

Alright...back to giving this strategy a go on the 5 minute charts. First trade of the day was a loss. Are those of you that still trade this waiting for the MTF to close below/above the 50 before entering? Man, I always feel that gets in moves ...

MTF Stochastics Trading

So...it's OK to open a trade Friday afternoon and carry it over the weekend?

Simple H4 Mobile Trading System

I am still trading it. I gave up on the 5 minute charts though - I really do not enjoy sitting at my computer all day waiting for a set up. I have moved to the 4 hour time frame and I only need to check the charts once a day at market close to see ...

MTF Stochastics Trading

This is the point of stops. Obviously trading during news releases can help avoid most of the errant spikes, but sometimes these things pop up out of seemingly nowhere. I treat my stops as basically emergency protections - the stochs tell you to ...

MTF Stochastics Trading

Indeed...there have been two ~100 pip spikes on the five minute GBPUSD in the last several days. I used to trade with no stop either but changed that notion after thinking about these huge spikes. I caught one from last week +90 pips as I was ...

MTF Stochastics Trading

[quote=George AUS;11427215] Interesting idea but I am not sure a move to 10 pip break even SL will allow for the price action on a 4 hour chart. Gonna get stopped out of an awful lot of good trades I would assume. For me, figuring out how to stay in ...

4 TF HA

Well, that trade didn't go as expected :-( I would have liked to have gotten out earlier when the MTF started to turn up but as per the rules I needed to wait for the MTF to finish and 'lock' in that reversal segment which of course happens 3 bars ...

MTF Stochastics Trading

I would be interested in your observations.

MTF Stochastics Trading

Got taken out by trailing stop as the MTF stoch turned back upwards. I thought about taking profit at 1.29900 but I like to hang on for those potential big moves.

MTF Stochastics Trading

I was wondering the same thing. I caught it though...currently up 126 pips.

MTF Stochastics Trading

Indeed

MTF Stochastics Trading

My thoughts: lucky you...last time I tried to hang on to a trade against the exit rules it cost me 35 pips x two positions. We don't know where price is going to go but the stochs are giving us an indication of what is happening with price. You were ...

MTF Stochastics Trading

Isn't trading funny? I had a good week other than the disastrous trade I made that cost me 70 pips and that was most certainly all my fault for not following the system rules - lesson clearly learned. I think your SL may be too tight. I was not ...

MTF Stochastics Trading

Nice trade on GBPUSD just finished. I jumped the gun and got in a little early but the stochs looked good so I entered. Got taken out by trailing stop as stoch was leaving the 80 zone. I'll stop trading while I'm ahead 20.6 for the day 50 ...

MTF Stochastics Trading

:-) If I had followed the damned rules I'd be having a great day!

MTF Stochastics Trading

Another loss but I am pleased that I followed the rules this time. Exited when the stoch change direction off the 20 line.

MTF Stochastics Trading

Hope you were able to take the next signal - you would have made back your loss. I'm having a hell of a morning myself :-(

MTF Stochastics Trading