Read post 259, you'll understand what I am looking for. I am going to have to see how the time frames move once in the trade to get a better idea for this exit as I think it may be a good down run. I'll update here.

MTF Stochastics

Monday Trading — Things are looking good. Just waiting now for the move by the lower time frames to get under 80...should be a nice short trade in the works when that happens.

MTF Stochastics

I use the daily stoch just to get a sense of direction. Whenever you trade you want to trade with the trend (most of the time ) So the only use for the daily stoch I have is to know where the trend is going and that is the direction of my safe ...

MTF Stochastics

Yes, like I said TEB is right in what he said. I'm just applying things differently here to keep us focused on direction. This is much the chicken and egg discussion which will go nowhere. Probably better TEB and I take it from opposite ends...that ...

MTF Stochastics

Monday Trading — The 15/30 are both at the top, the 1H still lingers low and the 4H is well low. Keep an eye on what happens to the 1H/4H when the 15/30 come down. What we would like to see is a fast move down by 15/30 and a slow move down by ...

MTF Stochastics

Monday's Trading — Back to trading. Right now I'm looking for a good down move. That probably won't happen until tonight or probably tomorrow when things get back up and rocking again in the markets. So why am I looking down? Well just to ...

MTF Stochastics

Don't think I could say it better. Same goes for Blueruby's comment. I think we are getting a little off the topic here and this will be my final comment on trends...other than to answer anyone's questions relating to how we trade. What really ...

MTF Stochastics

Thanks for the info.

MTF Stochastics

Eewww that's cool. Here are my suggestions for alarms and indications: 30M/1H - short if they both went above 80 and are now below 80 moving back down...usually the 30 leads the 1H. Long vice versa. 15/30/1H - same as above but all 3 time frames ...

MTF Stochastics

Best time is usually 4 am to noon EST. Worst time is 5- 7 pm EST

MTF Stochastics

Not the best. It's ok but better to wait for another cycle where the 15/30 get back to the top and see where things are at. The price is really flat at the moment so I would just wait. Given the holiday weekend things are probably rather thin. ...

MTF Stochastics

Everything you say is absolutely correct about trends. This is why I say that we use the 4H to look for our trade to start. We want to enter in a strong trend. However, what happens to the next candle of the 4H is soley based on what the 15M/30M/1H ...

MTF Stochastics

Interesting idea but I think there is a snag. The most recent close is coming from only the 15 minute chart which would skew the numbers, because the 30M/1H/4H charts would have different recent close numbers in the calculation. As you get further ...

MTF Stochastics

That's a great idea Randy. One thing I used to do was print the charts out and cover up the price and the stochastic and start left to right predicting what both would do from how they moved. An interesting endeavor is to try it with just 2 time ...

MTF Stochastics

Yes, all the time frames should be going up and above 20 in a long trade. The closer they all are to 20 the better....but it usually doesn't workout that nicely. Just keep in mind where everything is and the effects each is having on the other and ...

MTF Stochastics

There seems to be some confusion from the PM's I have received on trade entry and exit. With reference to the 15M/30M/1H/4H time frames: We always use the 4H to signal our entry possibility first and to enter the trade ALL our remaining time frames ...

MTF Stochastics

Wow, what a great follow up question and perfect timing to the previous statement and my response. You are right and you have it perfectly correct...you look at the 4H first as your indicator...or trigger if you like. This is the manner to set up ...

MTF Stochastics

You hit the nail on the head. There is no way to "predict" price movement other than we know statistically price will move a certain way given certain indications over a certain amount of the time. It would make sense then, that the older your data ...

MTF Stochastics

Good point. The 4H is definitely our first signal to look for. However, what I was trying to make clear is just because the 4H is popping above 20 in a long trade you need to look at what the 15M/30M/1H are doing. Let's say that the 4H shows us a ...

MTF Stochastics

This is great stuff Forex1man. Forget the naysayers. Please keep writing I am most interested in what you are writing here. Not sure if you have tried this yet, but I'll definitely fiddle with it....is taking the 2 pairs and working out the ...

Gbp/jpy Trading