Rub it in why don't ya? Why is it so damned hard to follow rules!?! Good grief 3. There are no predictions. I don't know where price will go. The stochastics will tell us when to enter and when to exit. Do not assume anything.

MTF Stochastics Trading

Well...gotta post the mistakes too, right? I made a doozy this morning 70 pip loss on two positions. I shorted early @ 1.28500 level as the stoch turned down from the 50. I shorted again @ 1.28600 when the 15 min candle ended (where I should have ...

MTF Stochastics Trading

Indeed, for every support, resistance, fib level, pivot, candle pattern, BRN, yadda, yadda that is supposed to "work" I can show two that failed. If these things were so reliable and consistent - we'd all be rich.

MTF Stochastics Trading

Yes, the higher stochastic won't be permanently fixed until after the higher time frame candle closes. Yes, price will have moved from the point where the stochastic initially crosses the 50 but we won't know for sure if it will stay there until ...

MTF Stochastics Trading

Nice :-) I am going to attempt a re-entry on GBPJPY if the CTF goes back above 50 and the MTF goes back above 80.

MTF Stochastics Trading

Here are this morning's trades. I am kicking myself for accidentally closing the same trade on GBPJPY. I was trailing my SL and the order closed somehow :-( Oh well, got out with 15 pips on it anyway. This trade was taken out by trailing stop just ...

MTF Stochastics Trading

Hang in there...you'll catch a good move yet.

MTF Stochastics Trading

Especially those big ones! I have some trades running on the 4 hour chart +85 pips on EU and +23 pips on AU which I can imagine will take some time to play out. I have this eternal battle with small time frames and long ones - each with their pros ...

MTF Stochastics Trading

Ya...just trailed a stop and it got taken out at the same time the stoch was leaving the 80. The next long signal back over the 50 went for another 50 or so pips! The ADR was already reached for the day so I didn't take it as I didn't figure there ...

MTF Stochastics Trading

I know...the 40 pips would have been nice!

MTF Stochastics Trading

Well..I decided to not take profit at the round number of 1.28400 and let it ride. I trailed a stop a as I was not interested in giving back pips after losing 15 earlier :-) The stop was just taken out - MTF stochastic was heading out of the 80 area ...

MTF Stochastics Trading

Hey Bobby2...sorry to be a PIA, but if I understand the rules correctly the entries and exits will be 3 bars after the fully printed stoch break on a 5 minute chart, no? And if that is the case we will not be getting in or out at the price that was ...

MTF Stochastics Trading

That's what I figured. Guess I am just having a shitty day. Current trade is doing well so far up 7 pips. I am now fighting with myself whether to attempt a take profit at the 1.28400 round number or hang on and follow a stochastic exit.

MTF Stochastics Trading

But are those rules based on fully finished stochastic lines or where the lines are currently live? And, yes, I often think too much ;-)

MTF Stochastics Trading

Another loss :-( I am long now based on the stoch touching the 50 but it isn't fully formed for another 6 minutes.

MTF Stochastics Trading

Gah...frustrating. I exited this trade too soon. The stoch segment with the yellow arrow formed below the 80 line so I exited but that segment wasn't finished being formed yet. Stochs are still above 80. The sotchs are just leaving the 80 now so it ...

MTF Stochastics Trading

My first two trades using this system. +2 pips at the end of the day - better than a kick in the pants I guess!

MTF Stochastics Trading

Thanks for that detailed reply, Bobby2. I had the very same thoughts about the clear breaks when the higher time frame finishes - very useful indeed. I could always take the signals from MT4 and just place the trade in JForex. Trading the four hour ...

MTF Stochastics Trading

Slick looking system, Bobby2 - it makes sense. I use Jforex so I can't use the MTF indicator and I can't seem to be able to replicate the higher time frame with the J-forex stoch indicators. Any insights on how to get the daily stoch on the 4 hour ...

MTF Stochastics Trading

Hey Chris, Are you still using the original two entry rules on the daily?

4 TF HA