I apologize that I haven't been trading "live" as much as I would like as I wrap up some documentation. However live trading does go on at url in the MTF Traders room and I will get back to it in my trading journal next week to summarize trades ...

Spud's MTF FIB Breakout System

I am happy you see the wisdom of the 20 pip a day approach. So many people believe it is a limitation but I feel it is the exact opposite. Unfortunately to know this is to use it. Glad I could help.

Spud's MTF FIB Breakout System

Fibonacci 23.6 and 76.4 — Actually it was a good question so here's how we come to use 76.4 and 23.6: The Fibonacci number sequence is: {1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, ... } It is the first number + the next number ...

Spud's MTF FIB Breakout System

May 25 Possible Mass Break Out — GJ headed for a possible breakout below 0...watching 8 est...stochs didn't break 23.6....price closed below 0...still no entry 8:16 est GJ, UJ, EU and EJ are all headed for possible Fib breakouts below zero at ...

MTF Stochastics

I shall try....quite the workout looking for trades, cutting/pasting charts, and typing here to get it all done to keep it significant. However, will keep trying.

MTF Stochastics

My stop was moved just to protect profit. My aim was 20 pips and saw opportunity to go for what I thought would be and easy 38 pips. Once I saw the 15M turn up to 23.6 I decided to move my stop to take 25 pips in case things went north. I don't ...

MTF Stochastics

I didn't chart it, but we could. The 4H was making indications of rising above 23.6. In this case, say the 4H was at around 61.8-50 and coming down, I would probably question the entry. If the 4H was above 76.4 I'd enter without a doubt. If the 4H ...

Spud's MTF FIB Breakout System

UC May 24 Decided to Skip Trade — Waiting for 1H to close on USDCAD for long on 80/20 using Harmonic Stochastics. I've decided not to trade USDCAD as it looks like the stochastics are too far ahead of price and the 4H is still below 26.3 with ...

MTF Stochastics

GU May 25 Trade — Here is my GBPUSD short entry based on 80/20 rule and Harmonic Stochastics. Short entry at 1.9865 10:03 est TP = moved to 1.9824 (1.9827 with spread) 10:33 est ---61.8 Fib level on price Since I can grab 38 pips on an 80/20 ...

MTF Stochastics

Harmonics Example — Here's a Harmonic Stochastics example. Remember that the Fib scale on the price chart represents the stochastic scale in a stochastic indicator. The EMA 3 represents the 5,3,3 "%K" line and the EMA 6 represents the 14,3,3 ...

Spud's MTF FIB Breakout System

More Complicated — Here is Aug 2, 2006. This is much more complicated and help show the use of multiple time frames in trading. Wait for the ducks to line up and you will have less failures. The first trade (1) is a typical 80/20 rule ...

Spud's MTF FIB Breakout System

And the Next Day — Here is Aug 4, 2006. Looks almost identical to August 3rd.

Spud's MTF FIB Breakout System

Can We Get Better? — Here is a chart from Aug 3, 2006 for a Fib breakout. Notice that the 1H and 30M stochastics are not above 76.4. However, a trained eye in stochastics would recognize this as a fairly reliable up pattern. To filter, we can ...

Spud's MTF FIB Breakout System

I'll address this with more examples. For 80/20 rule, 50 rule and Escalator to Pips --you MUST read MTF Stochastic in my FF journal to have any idea of what it means. I will post charts here but not re-explain those rules here....these rules are ...

Spud's MTF FIB Breakout System

My apologies, I had thought I had put this in the Forum but I had answered in a PM. Anyways, my scale ends at +200 and -100 for good reason, this is where I pretty much limit my trading as the number of times price exceeds these boundaries is quite ...

Spud's MTF FIB Breakout System

They don't come much more defined than that. GU did the same by the way a little later.

Spud's MTF FIB Breakout System

The b-clock just provides how much time is left until candle close....in this way you can live by the hour and time your coffee breaks etc. Purely for life functionality vs trading functionality.

Spud's MTF FIB Breakout System

Your question is probably answered in post 124, but I'll address it just in case. Stochastics do not function in the same way above 80 or below 20 as they do between the 20-80 area. This is because stochastics are extremely reluctant to hit 0 or ...

Spud's MTF FIB Breakout System

You can do both, but I suggest bar close. Bar close takes out any discretion. Having said that, there are live circumstances that make discretionary trades obvious at the time and the more experience you are trading these methods the more obvious ...

Spud's MTF FIB Breakout System

When to use what — I've included a graphic that may clear up your question. Once we cross the 76.3 or 23.6 boundaries we are into a different world than the area between 23.6 and 76.3. So the rules change. My example was just showing one ...

Spud's MTF FIB Breakout System