I can't make recommendations, but I can tell you who I use and my experience. I use FXCM and Man Financial which just moved me to FXCM UK due to Canadian margin rules. Although I have read lots of negative things about FXCM, I have never experienced ...

Spud's MTF FIB Breakout System

Here's a look at today — A little discretionary but if you were in it short, you'd have a good idea what to do.

Spud's MTF FIB Breakout System

Personally, I hand draw everything and use each time chart as it is more accurate in my opinion...tedious but better.

Spud's MTF FIB Breakout System

My chart is a little different with no closes:

Spud's MTF FIB Breakout System

Next Day and the next — The chart below is May 18th. Same thing. May 21st no trades, no signals (so no chart)

Spud's MTF FIB Breakout System

If We Taught Harmony Instead of Greed — Harmony, the universe is all about harmony...planets are in harmony with the sun, flowers in harmony with bees...just imagine if bees horded the pollen! Anyways, for purposes of naming a methodology I ...

Spud's MTF FIB Breakout System

You have it bang on Joe! However, here's the one and only reason we trade when stochs are above 80 (actually 76.4) and below 20 (actually 23.6). When price moves big time, it will happen here! Unfortunately, simply trading in these extreme areas ...

Spud's MTF FIB Breakout System

Great work.

Spud's MTF FIB Breakout System

Ohhh that's good....really really good!

Spud's MTF FIB Breakout System

This Thread — As I have posted in my journal, the journal will be used to chart the trades and the chat session on tradingrooms.com will be where the live trades will be conducted. The journal being the summary of each trade. Analysis of the ...

Spud's MTF FIB Breakout System

This Journal — This journal will now focus on day-to-day trades. The use of MTF stochastics will be combined with the discussions of my other thread in Trading Systems using the FIB breakout. MTF stochastics are used to identify those ...

MTF Stochastics

"Withdrawal" from a trade is based on stochastic movements or xross/bounces that reverse our direction. "Stops" are used to protect our account so they are moving with market conditions. I use rather big stops because I don't want to lose and exit a ...

Spud's MTF FIB Breakout System

Visual Tool — The inner levels are a visual tool. Don't be too quick to ignore those inner levels and discard them. There is a huge amount of information there. Trade with them. There are lots more details to extract more pips from inner ...

Spud's MTF FIB Breakout System

April 2007 - no discretion — Attached are charts from the first 10 trading days of April 2007. These trades are strictly by close of price candle. I've only included the 1st 10 days because it took a lot of time to edit the charts to be ...

Spud's MTF FIB Breakout System

Fair Question — I am getting a lot of these in my PM box..this being the latest.... "....I can't base a good system on one month of 800+ pips. There seems to be some discretion in your trades too.... which bothers me a little." If anyone who ...

Spud's MTF FIB Breakout System

I don't advocate stoch crosses as they are usually as good as they are bad. If using multi-time frames, there is no need to wait for the 1H to close if 3x15M stochs are giving a favourable impression and 30M as well...so 1x30M and 3x15M is providing ...

Spud's MTF FIB Breakout System

I'm not sure if you have read my MTF Stochastics journal? That may help better explain these type of moves. A legitimate long signal can be a price cross 100 level (previous high) with stochastics crossing up from 23.6 as an example. There is a ...

Spud's MTF FIB Breakout System

Retraces — The chart below is an example of a typical retrace scenario where we enter a short trade, it exits early for a loss and then we enter long on the retracement and in this case make a much bigger gain than what we loss. The first ...

Spud's MTF FIB Breakout System

Need a few things: a 76.4 fib line you'll want to see that crossed The stochastic 80 level changed to 76.4 The stochastic 20 level changed to 23.6 30M stochastics If the price closes above the 76.4 fib line AND the 1H stochastics and the 30M ...

Spud's MTF FIB Breakout System

Today - May 18, 2007 — From here on I'll be posting daily events forwards. There will be more things discussed as we go because I believe it is the only way to show what to look for as we advance. So here is today's chart. On the chat last ...

Spud's MTF FIB Breakout System