Range Spotting with Stochastics — In a ranging situation the stochastics usually get "stuck" between the 23.6% and 76.4% levels with very few stochastics crossing either of these levels. The chart below shows and example of a ranging market. ...

MTF Stochastics

Trend Spotting With Stochastics — I had a question yesterday on the chat site with regards to identifying trends and ranging periods with stochastics. Both are very easy to identify with MTF stochastics. Trends The chart below is the current ...

MTF Stochastics

Like I said...we can speculate that the 4H will go to 23.6 or lower but that we have to watch the other indicators to make sure we don't run into a reversal along the way. However, nothing wrong with grabbing a few pips on the reversals along the ...

MTF Stochastics

Speculation vs Stochastic Position — The GBPJPY is in a bad position for any trade entry. If we were stuck in a -'ve short position then I'd ride it out depending how -'ve that position is. The problem with this set up is that although the 1H ...

MTF Stochastics

We can expect to watch the 15M cycle upwards probably to 76.4 or more. Having said that it would be a question of if the 30M will follow. I'd rather play safe and still chase the shorts on this one until the 4H and 1H stop falling. The answer to ...

MTF Stochastics

I typically use the 15M/5M to time entries and exits....no point in exiting if the 5/15 are both at the top and headed down in a short position. I don't rely to heavily on the 15M moves other than pay close attention to price when the 15M goes ...

MTF Stochastics

GBPJPY — Decided to jump out with 17 pips net with the close of day looming I don't want to get stuck with any interest. 30M is rock bottom. I added the 15M stoch to better time my exit. Probably a few more downward pips here, but no matter I ...

MTF Stochastics

GBPJPY — Now that the 30M has turned down and crossed 76.4, the 1H has turned and the 4H still appears to be falling it looks like a good short position. This is targeted for 20 pips net but we will watch for some critical signs such as: 1. ...

MTF Stochastics

GBPJPY — Now we are definetly better off waiting for a short postion and best entry will be if 30M rises to overbought and then turns to cross 76.4 line to fall...if 1H follows so much the better, but need to watch that 4H is still falling.

MTF Stochastics

GBPJPY — Below is a chart of GBPJPY. The 4H is falling so we'd prefer a short trade. There is a high risk long trade available where we'd like to see the 30M climb up and then turn and fall....this would be the better short entry if it happens ...

MTF Stochastics

Prediction and "too early" are the killers. There is a tendency to hit the panic button because we think we'll miss a trade. Just wait for it and to be corny....the pips will come to you. If we miss a trade, we miss a trade and move on to the next ...

MTF Stochastics

Trading just the 15M, we have a clear bail out signal when the 15M recrosses 76.4 on the way down. The earlier entry opportunities were better than this one but nothing wrong with the entry you made other than the market turned against us.

MTF Stochastics

It's a tricky one but there are signs to be watchful for. The 15M is making quite a move downwards and I haven't looked at the 5M but I'd bet it is closer to 23.56 level and falling. You can see the 30M starting to flatten. It's a tough decision ...

MTF Stochastics

Exit — Time to exit. 15 pips net.

MTF Stochastics

10 pips — There's 10 pips but since the 30M stoch crossed the 76.4 going to let it run just a little bit more

MTF Stochastics

Good time to buy EURUSD...you bet! Go for 10 pips net.

MTF Stochastics

I use both. I use the MTF STochastic indicator /15M chart and 4 stochastics (15,30,1H,4H) to keep a general eye on things (and make pretty charts!) but for actual trading and decision making I am using individual time frames for each.

MTF Stochastics

EURUSD — Here is the latest from EURUSD trading with the 30M and looking for 10 pip net gains. Missed the 1st long opportunity because the 1H and 4H were falling and looking to be going down. Caught the second long opportunty when the 4H ...

MTF Stochastics

Yes, that would be a good idea. It's easy to look at all the stuff that works but better if we figure out where we went wrong, or if we didn't and the market just burned us.

MTF Stochastics

This is the easy way...but this example is for 10 pips a day on GBPJPY. However, same idea works on the EURUSD with a 3 pip spread for catching 8 pips a trade, so we net 5 pips. We trade into the stochastic trend always. The trend in this example is ...

MTF Stochastics